CD - X: what changed
CD - X
Largest movements
- Cash +€226,184
up €226,184 (+72.5%), from €311,804 to €537,988
mainly Receivables within one year (+€157,591) and Net result for the year (+€71,501)
- Receivables within one year -€157,591
down €157,591 (-76.3%), from €206,408 to €48,817
of which Trade receivables: -€157,324
- Tangible fixed assets -€38,168
down €38,168 (-5.3%), from €718,415 to €680,247
of which Land and buildings: -€32,942
- Reserves +€71,501
up €71,501 (+10.1%), from €704,750 to €776,250
- Other debts -€52,828
down €52,828 (-12.0%), from €440,957 to €388,129
- Accrued charges and deferred income +€31,900
up €31,900 (+99.8%), from €31,954 to €63,853
- Tax, wage and social debts -€27,528
down €27,528 (-54.1%), from €50,881 to €23,353
- Financial charges -€6,889
down €6,889 (-15.8%), from €43,561 to €36,672
- Gross operating margin -€3,155
down €3,155 (-1.5%), from €204,727 to €201,572
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,241,221 | €1,274,657 | +€33,437 | +2.7% |
| Fixed assets | 21/28 | €720,915 | €682,747 | -€38,168 | -5.3% |
| Tangible fixed assets | 22/27 | €718,415 | €680,247 | -€38,168 | -5.3% |
| Land and buildings | 22 | €616,954 | €584,012 | -€32,942 | -5.3% |
| Plant, machinery and equipment | 23 | €7,453 | €3,908 | -€3,545 | -47.6% |
| Furniture and vehicles | 24 | €26,236 | €24,554 | -€1,682 | -6.4% |
| Other tangible fixed assets | 26 | €67,772 | €67,772 | = | 0.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €520,305 | €591,910 | +€71,605 | +13.8% |
| Amounts receivable within one year | 40/41 | €206,408 | €48,817 | -€157,591 | -76.3% |
| Trade receivables | 40 | €187,574 | €30,250 | -€157,324 | -83.9% |
| Other amounts receivable | 41 | €18,833 | €18,567 | -€267 | -1.4% |
| Cash at bank and in hand | 54/58 | €311,804 | €537,988 | +€226,184 | +72.5% |
| Deferred charges and accrued income | 490/1 | €2,093 | €5,105 | +€3,012 | +144% |
| Total equity and liabilities | 10/49 | €1,241,221 | €1,274,657 | +€33,437 | +2.7% |
| Equity | 10/15 | €712,086 | €783,586 | +€71,501 | +10.0% |
| Contributions | 10/11 | €7,336 | €7,336 | = | 0.0% |
| Reserves | 13 | €704,750 | €776,250 | +€71,501 | +10.1% |
| Distributable reserves | 133 | €704,750 | €776,250 | +€71,501 | +10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €529,135 | €491,071 | -€38,064 | -7.2% |
| Amounts payable within one year | 42/48 | €497,181 | €427,218 | -€69,964 | -14.1% |
| Trade debts | 44 | €5,344 | €15,736 | +€10,392 | +194% |
| Suppliers | 440/4 | €5,344 | €15,736 | +€10,392 | +194% |
| Taxes, remuneration and social security | 45 | €50,881 | €23,353 | -€27,528 | -54.1% |
| Taxes | 450/3 | €50,881 | €23,353 | -€27,528 | -54.1% |
| Other amounts payable | 47/48 | €440,957 | €388,129 | -€52,828 | -12.0% |
| Accrued charges and deferred income | 492/3 | €31,954 | €63,853 | +€31,900 | +99.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,358 | €55,074 | +€1,716 | +3.2% |
| Other operating charges | 640/8 | €6,477 | €6,326 | -€151 | -2.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €204,727 | €201,572 | -€3,155 | -1.5% |
| Operating profit (loss) | 9901 | €144,893 | €140,172 | -€4,720 | -3.3% |
| Financial income | 75/76B | €273 | €149 | -€123 | -45.2% |
| Recurring financial income | 75 | €273 | €149 | -€123 | -45.2% |
| Financial charges | 65/66B | €43,561 | €36,672 | -€6,889 | -15.8% |
| Recurring financial charges | 65 | €43,561 | €36,672 | -€6,889 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €101,604 | €103,649 | +€2,045 | +2.0% |
| Income taxes | 67/77 | €31,243 | €32,149 | +€906 | +2.9% |
| Profit (loss) for the period | 9904 | €70,361 | €71,501 | +€1,139 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,361 | €71,501 | +€1,139 | +1.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.