CD PLUS: what changed
Two fiscal 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 PLUS
Largest movements
- Cash +€50,814
up €50,814 (+20.2%), from €252,089 to €302,904
mainly Net result for the year (+€77,009) and Trade debts (+€32,770)
- Receivables within one year +€40,202
up €40,202 (+9.0%), from €446,144 to €486,347
of which Other amounts receivable: +€48,874
- Tangible fixed assets +€22,874
up €22,874 (+254.0%), from €9,006 to €31,880
of which Other tangible fixed assets: +€21,455
- Deferred charges and accrued income -€16,764
down €16,764 (-99.3%), from €16,881 to €118
- Stocks and contracts +€14,481
up €14,481 (+61.9%), from €23,392 to €37,873
- Reserves +€294,991
up €294,991 (+299.6%), from €98,457 to €393,449
of which Distributable reserves: +€294,991
- Profit (loss) carried forward -€217,982
no longer reported in 2025 (was €217,982)
- Trade debts +€32,770
up €32,770 (+18.1%), from €181,301 to €214,071
- Staff costs +€70,071
up €70,071 (+7.8%), from €893,809 to €963,880
- Gross operating margin -€34,706
down €34,706 (-3.1%), from €1.1m to €1.1m
- Taxes -€19,607
down €19,607 (-35.7%), from €54,982 to €35,375
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.
Cash bridge derived
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 | €749,513 | €859,121 | +€109,608 | +14.6% |
| Fixed assets | 21/28 | €11,006 | €31,880 | +€20,874 | +189.7% |
| Intangible fixed assets | 21 | €2,000 | - | -€2,000 | |
| Tangible fixed assets | 22/27 | €9,006 | €31,880 | +€22,874 | +254.0% |
| Plant, machinery and equipment | 23 | €7,279 | €4,787 | -€2,492 | -34.2% |
| Furniture and vehicles | 24 | €347 | €4,258 | +€3,911 | +1125.8% |
| Other tangible fixed assets | 26 | €1,379 | €22,835 | +€21,455 | +1555.3% |
| Current assets | 29/58 | €738,507 | €827,241 | +€88,734 | +12.0% |
| Stocks and contracts in progress | 3 | €23,392 | €37,873 | +€14,481 | +61.9% |
| Stocks | 30/36 | €23,392 | €37,873 | +€14,481 | +61.9% |
| Amounts receivable within one year | 40/41 | €446,144 | €486,347 | +€40,202 | +9.0% |
| Trade receivables | 40 | €9,821 | €1,149 | -€8,672 | -88.3% |
| Other amounts receivable | 41 | €436,323 | €485,197 | +€48,874 | +11.2% |
| Cash at bank and in hand | 54/58 | €252,089 | €302,904 | +€50,814 | +20.2% |
| Deferred charges and accrued income | 490/1 | €16,881 | €118 | -€16,764 | -99.3% |
| Total equity and liabilities | 10/49 | €749,513 | €859,121 | +€109,608 | +14.6% |
| Equity | 10/15 | €459,013 | €536,022 | +€77,009 | +16.8% |
| Contributions | 10/11 | €142,573 | €142,573 | = | 0.0% |
| Reserves | 13 | €98,457 | €393,449 | +€294,991 | +299.6% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €14,257 | €309,249 | +€294,991 | +2069.0% |
| Profit (loss) carried forward | 14 | €217,982 | - | -€217,982 | |
| Amounts payable | 17/49 | €290,500 | €323,099 | +€32,599 | +11.2% |
| Amounts payable within one year | 42/48 | €290,500 | €323,099 | +€32,599 | +11.2% |
| Trade debts | 44 | €181,301 | €214,071 | +€32,770 | +18.1% |
| Suppliers | 440/4 | €181,301 | €214,071 | +€32,770 | +18.1% |
| Taxes, remuneration and social security | 45 | €94,919 | €95,616 | +€697 | +0.7% |
| Taxes | 450/3 | €12,595 | €3,339 | -€9,256 | -73.5% |
| Remuneration and social security | 454/9 | €82,324 | €92,277 | +€9,953 | +12.1% |
| Other amounts payable | 47/48 | €14,280 | €13,412 | -€867 | -6.1% |
| Remuneration, social security and pensions | 62 | €893,809 | €963,880 | +€70,071 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,968 | €7,717 | -€7,251 | -48.4% |
| Other operating charges | 640/8 | €4,181 | €339 | -€3,842 | -91.9% |
| Gross operating margin | 9900 | €1,121,823 | €1,087,117 | -€34,706 | -3.1% |
| Operating profit (loss) | 9901 | €208,865 | €115,181 | -€93,684 | -44.9% |
| Financial income | 75/76B | €728 | €750 | +€22 | +3.0% |
| Recurring financial income | 75 | €728 | €750 | +€22 | +3.0% |
| Financial charges | 65/66B | €3,455 | €3,548 | +€92 | +2.7% |
| Recurring financial charges | 65 | €3,455 | €3,548 | +€92 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €206,139 | €112,384 | -€93,755 | -45.5% |
| Income taxes | 67/77 | €54,982 | €35,375 | -€19,607 | -35.7% |
| Profit (loss) for the period | 9904 | €151,157 | €77,009 | -€74,148 | -49.1% |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,957 | €77,009 | +€10,052 | +15.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.