CD & PF INVEST: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
CD & PF INVEST
Largest movements
- Tangible fixed assets -€3,845
down €3,845 (-6.0%), from €64,094 to €60,249
- Profit (loss) carried forward -€4,974
down €4,974 (-14.5%), from €34,358 to €29,384
- Trade debts +€1,504
up €1,504 (+1,065%), from €141 to €1,645
- Other operating charges -€1,934
down €1,934 (-73.1%), from €2,645 to €711
- Gross operating margin -€980
down €980, from €581 to -€399
- Financial charges -€37
down €37 (-64.6%), from €57 to €20
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,061 | €122,337 | -€3,724 | -3.0% |
| Fixed assets | 21/28 | €64,094 | €60,249 | -€3,845 | -6.0% |
| Tangible fixed assets | 22/27 | €64,094 | €60,249 | -€3,845 | -6.0% |
| Land and buildings | 22 | €64,094 | €60,249 | -€3,845 | -6.0% |
| Current assets | 29/58 | €61,967 | €62,088 | +€121 | +0.2% |
| Amounts receivable within one year | 40/41 | €61,939 | €62,064 | +€125 | +0.2% |
| Other amounts receivable | 41 | €61,939 | €62,064 | +€125 | +0.2% |
| Cash at bank and in hand | 54/58 | €28 | €24 | -€4 | -13.2% |
| Total equity and liabilities | 10/49 | €126,061 | €122,337 | -€3,724 | -3.0% |
| Equity | 10/15 | €53,108 | €48,134 | -€4,974 | -9.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,358 | €29,384 | -€4,974 | -14.5% |
| Amounts payable | 17/49 | €72,953 | €74,203 | +€1,251 | +1.7% |
| Amounts payable within one year | 42/48 | €72,953 | €74,203 | +€1,251 | +1.7% |
| Trade debts | 44 | €141 | €1,645 | +€1,504 | +1,065% |
| Suppliers | 440/4 | €141 | €1,645 | +€1,504 | +1,065% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €72,812 | €72,559 | -€253 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,845 | €3,845 | = | 0.0% |
| Other operating charges | 640/8 | €2,645 | €711 | -€1,934 | -73.1% |
| Gross operating margin | 9900 | €581 | -€399 | -€980 | |
| Operating profit (loss) | 9901 | -€5,908 | -€4,954 | +€954 | +16.1% |
| Financial charges | 65/66B | €57 | €20 | -€37 | -64.6% |
| Recurring financial charges | 65 | €57 | €20 | -€37 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,965 | -€4,974 | +€991 | +16.6% |
| Profit (loss) for the period | 9904 | -€5,965 | -€4,974 | +€991 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,965 | -€4,974 | +€991 | +16.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.