CD PROJET: 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 PROJET
Largest movements
- Tangible fixed assets -€18,180
down €18,180 (-33.0%), from €55,101 to €36,921
- Cash +€12,346
up €12,346 (+529%), from €2,333 to €14,679
mainly Depreciation (+€18,180) and Net result for the year (+€9,009)
- Receivables within one year +€9,910
up €9,910 (+34.3%), from €28,876 to €38,786
of which Trade receivables: +€10,228
- Current investments -€1,008
down €1,008 (-13.4%), from €7,537 to €6,529
- Trade debts +€6,432
up €6,432 (+32.7%), from €19,676 to €26,109
- Contributions -€3,999
down €3,999 (-21.5%), from €18,600 to €14,601
of which Capital: -€18,600
- Tax, wage and social debts +€3,191
up €3,191 (+37.4%), from €8,527 to €11,718
of which Remuneration and social security: +€2,238
- Current portion of long-term debt -€1,921
down €1,921 (-74.6%), from €2,575 to €653
- Gross operating margin +€5,394
up €5,394 (+21.2%), from €25,431 to €30,825
- Depreciation +€5,161
up €5,161 (+39.6%), from €13,019 to €18,180
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 | €94,147 | €97,215 | +€3,068 | +3.3% |
| Fixed assets | 21/28 | €55,401 | €37,221 | -€18,180 | -32.8% |
| Tangible fixed assets | 22/27 | €55,101 | €36,921 | -€18,180 | -33.0% |
| Furniture and vehicles | 24 | €55,101 | €36,921 | -€18,180 | -33.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €38,746 | €59,993 | +€21,247 | +54.8% |
| Amounts receivable within one year | 40/41 | €28,876 | €38,786 | +€9,910 | +34.3% |
| Trade receivables | 40 | €25,558 | €35,786 | +€10,228 | +40.0% |
| Other amounts receivable | 41 | €3,317 | €2,999 | -€318 | -9.6% |
| Current investments | 50/53 | €7,537 | €6,529 | -€1,008 | -13.4% |
| Cash at bank and in hand | 54/58 | €2,333 | €14,679 | +€12,346 | +529% |
| Total equity and liabilities | 10/49 | €94,147 | €97,215 | +€3,068 | +3.3% |
| Equity | 10/15 | €62,319 | €58,325 | -€3,994 | -6.4% |
| Contributions | 10/11 | €18,600 | €14,601 | -€3,999 | -21.5% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Contributions outside capital | 11 | - | €14,601 | +€14,601 | |
| Share premium | 1100/10 | - | €14,601 | +€14,601 | |
| Reserves | 13 | €43,719 | €43,724 | +€5 | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €41,859 | €43,724 | +€1,865 | +4.5% |
| Amounts payable | 17/49 | €31,828 | €38,890 | +€7,062 | +22.2% |
| Amounts payable after more than one year | 17 | €653 | - | -€653 | |
| Financial debts | 170/4 | €653 | - | -€653 | |
| Amounts payable within one year | 42/48 | €31,175 | €38,890 | +€7,715 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €2,575 | €653 | -€1,921 | -74.6% |
| Trade debts | 44 | €19,676 | €26,109 | +€6,432 | +32.7% |
| Suppliers | 440/4 | €19,676 | €26,109 | +€6,432 | +32.7% |
| Taxes, remuneration and social security | 45 | €8,527 | €11,718 | +€3,191 | +37.4% |
| Taxes | 450/3 | €7,285 | €8,237 | +€952 | +13.1% |
| Remuneration and social security | 454/9 | €1,242 | €3,481 | +€2,238 | +180% |
| Other amounts payable | 47/48 | €396 | €410 | +€14 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,019 | €18,180 | +€5,161 | +39.6% |
| Other operating charges | 640/8 | €818 | €834 | +€15 | +1.9% |
| Gross operating margin | 9900 | €25,431 | €30,825 | +€5,394 | +21.2% |
| Operating profit (loss) | 9901 | €11,594 | €11,812 | +€218 | +1.9% |
| Financial charges | 65/66B | €297 | €266 | -€31 | -10.5% |
| Recurring financial charges | 65 | €297 | €266 | -€31 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €11,296 | €11,546 | +€249 | +2.2% |
| Income taxes | 67/77 | €2,485 | €2,537 | +€52 | +2.1% |
| Profit (loss) for the period | 9904 | €8,812 | €9,009 | +€197 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,812 | €9,009 | +€197 | +2.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.