CD PROPERTIES: 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 PROPERTIES
Largest movements
- Cash -€20,874
down €20,874 (-35.1%), from €59,426 to €38,552
mainly Tax, wage and social debts (-€55,948) and Investment in fixed assets (net) (-€24,382)
- Tangible fixed assets +€12,707
up €12,707 (+23.5%), from €54,137 to €66,844
of which Other tangible fixed assets: +€12,082
- Receivables within one year -€2,440
down €2,440 (-3.1%), from €77,768 to €75,328
of which Trade receivables: -€25,529
- Reserves +€72,686
up €72,686 (+667.2%), from €10,895 to €83,581
of which Distributable reserves: +€64,503
- Tax, wage and social debts -€55,948
down €55,948 (-44.9%), from €124,685 to €68,737
- Trade debts -€14,151
down €14,151 (-17.0%), from €83,039 to €68,888
- Other debts -€12,519
down €12,519 (-85.7%), from €14,613 to €2,094
- Gross operating margin +€53,394
up €53,394 (+76.8%), from €69,536 to €122,930
- Taxes +€17,372
up €17,372 (+104.1%), from €16,689 to €34,060
- Financial income +€6,491
up €6,491 (+384.6%), from €1,688 to €8,178
of which Non-recurring financial income: +€7,505
- Depreciation +€4,421
up €4,421 (+57.3%), from €7,714 to €12,135
- Financial charges -€2,078
down €2,078 (-24.3%), from €8,555 to €6,476
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 | €239,431 | €229,500 | -€9,931 | -4.1% |
| Fixed assets | 21/28 | €56,418 | €68,665 | +€12,247 | +21.7% |
| Intangible fixed assets | 21 | €2,281 | €1,821 | -€460 | -20.2% |
| Tangible fixed assets | 22/27 | €54,137 | €66,844 | +€12,707 | +23.5% |
| Furniture and vehicles | 24 | €10,380 | €11,005 | +€625 | +6.0% |
| Other tangible fixed assets | 26 | €43,757 | €55,839 | +€12,082 | +27.6% |
| Current assets | 29/58 | €183,013 | €160,835 | -€22,179 | -12.1% |
| Amounts receivable after more than one year | 29 | €43,459 | €43,529 | +€70 | +0.2% |
| Other amounts receivable | 291 | €43,459 | €43,529 | +€70 | +0.2% |
| Amounts receivable within one year | 40/41 | €77,768 | €75,328 | -€2,440 | -3.1% |
| Trade receivables | 40 | €36,969 | €11,441 | -€25,529 | -69.1% |
| Other amounts receivable | 41 | €40,799 | €63,887 | +€23,088 | +56.6% |
| Cash at bank and in hand | 54/58 | €59,426 | €38,552 | -€20,874 | -35.1% |
| Deferred charges and accrued income | 490/1 | €2,360 | €3,426 | +€1,066 | +45.2% |
| Total equity and liabilities | 10/49 | €239,431 | €229,500 | -€9,931 | -4.1% |
| Equity | 10/15 | €17,095 | €89,781 | +€72,686 | +425.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,895 | €83,581 | +€72,686 | +667.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €8,183 | +€8,183 | |
| Distributable reserves | 133 | €9,035 | €73,538 | +€64,503 | +714.0% |
| Amounts payable | 17/49 | €222,337 | €139,719 | -€82,617 | -37.2% |
| Amounts payable within one year | 42/48 | €222,337 | €139,719 | -€82,617 | -37.2% |
| Trade debts | 44 | €83,039 | €68,888 | -€14,151 | -17.0% |
| Suppliers | 440/4 | €83,039 | €68,888 | -€14,151 | -17.0% |
| Taxes, remuneration and social security | 45 | €124,685 | €68,737 | -€55,948 | -44.9% |
| Taxes | 450/3 | €124,685 | €68,737 | -€55,948 | -44.9% |
| Other amounts payable | 47/48 | €14,613 | €2,094 | -€12,519 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,714 | €12,135 | +€4,421 | +57.3% |
| Other operating charges | 640/8 | €6,613 | €5,750 | -€863 | -13.0% |
| Gross operating margin | 9900 | €69,536 | €122,930 | +€53,394 | +76.8% |
| Operating profit (loss) | 9901 | €55,209 | €105,045 | +€49,836 | +90.3% |
| Financial income | 75/76B | €1,688 | €8,178 | +€6,491 | +384.6% |
| Recurring financial income | 75 | €1,688 | €674 | -€1,014 | -60.1% |
| Non-recurring financial income | 76B | - | €7,505 | +€7,505 | |
| Financial charges | 65/66B | €8,555 | €6,476 | -€2,078 | -24.3% |
| Recurring financial charges | 65 | €8,555 | €6,476 | -€2,078 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €48,341 | €106,747 | +€58,405 | +120.8% |
| Income taxes | 67/77 | €16,689 | €34,060 | +€17,372 | +104.1% |
| Profit (loss) for the period | 9904 | €31,653 | €72,686 | +€41,033 | +129.6% |
| Transfer to tax-exempt reserves | 689 | - | €8,183 | +€8,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,653 | €64,503 | +€32,850 | +103.8% |
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 28 September 2026 via checked.be.