CDB: 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.
CDB
Largest movements
- Cash -€153,589
down €153,589 (-94.4%), from €162,660 to €9,070
mainly Contributions, distributions and other (-€141,176) and Investment in fixed assets (net) (-€121,222)
- Tangible fixed assets +€100,218
up €100,218 (+26.0%), from €385,546 to €485,765
of which Land and buildings: +€104,114
- Receivables within one year -€93,246
down €93,246 (-73.5%), from €126,900 to €33,654
of which Other amounts receivable: -€88,427
- Current investments -€32,311
down €32,311 (-37.9%), from €85,271 to €52,959
- Profit (loss) carried forward -€153,046
down €153,046 (-48.5%), from €315,292 to €162,246
- Tax, wage and social debts -€80,706
no longer reported in 2025 (was €80,706)
- Current portion of long-term debt +€55,773
new in 2025: €55,773
- Other debts +€15,147
new in 2025: €15,147
- Trade debts -€10,905
down €10,905 (-14.3%), from €76,192 to €65,287
- Gross operating margin -€316,151
down €316,151 (-98.9%), from €319,818 to €3,667
- Taxes -€70,873
no longer reported in 2025 (was €70,873)
- Financial income +€23,015
up €23,015 (+5947.9%), from €387 to €23,402
- Financial charges +€5,235
up €5,235 (+56.5%), from €9,263 to €14,498
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 | €761,355 | €582,465 | -€178,890 | -23.5% |
| Fixed assets | 21/28 | €385,546 | €485,765 | +€100,218 | +26.0% |
| Tangible fixed assets | 22/27 | €385,546 | €485,765 | +€100,218 | +26.0% |
| Land and buildings | 22 | €327,612 | €431,726 | +€104,114 | +31.8% |
| Plant, machinery and equipment | 23 | €898 | €4,329 | +€3,431 | +381.9% |
| Furniture and vehicles | 24 | €57,036 | €49,709 | -€7,327 | -12.8% |
| Current assets | 29/58 | €375,809 | €96,700 | -€279,109 | -74.3% |
| Amounts receivable within one year | 40/41 | €126,900 | €33,654 | -€93,246 | -73.5% |
| Trade receivables | 40 | €4,819 | - | -€4,819 | |
| Other amounts receivable | 41 | €122,081 | €33,654 | -€88,427 | -72.4% |
| Current investments | 50/53 | €85,271 | €52,959 | -€32,311 | -37.9% |
| Cash at bank and in hand | 54/58 | €162,660 | €9,070 | -€153,589 | -94.4% |
| Deferred charges and accrued income | 490/1 | €978 | €1,016 | +€38 | +3.9% |
| Total equity and liabilities | 10/49 | €761,355 | €582,465 | -€178,890 | -23.5% |
| Equity | 10/15 | €322,792 | €169,746 | -€153,046 | -47.4% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €315,292 | €162,246 | -€153,046 | -48.5% |
| Amounts payable | 17/49 | €438,563 | €412,719 | -€25,844 | -5.9% |
| Amounts payable after more than one year | 17 | €281,665 | €276,512 | -€5,154 | -1.8% |
| Financial debts | 170/4 | €281,665 | €276,512 | -€5,154 | -1.8% |
| Amounts payable within one year | 42/48 | €156,898 | €136,207 | -€20,691 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | - | €55,773 | +€55,773 | |
| Trade debts | 44 | €76,192 | €65,287 | -€10,905 | -14.3% |
| Suppliers | 440/4 | €76,192 | €65,287 | -€10,905 | -14.3% |
| Taxes, remuneration and social security | 45 | €80,706 | - | -€80,706 | |
| Taxes | 450/3 | €80,706 | - | -€80,706 | |
| Other amounts payable | 47/48 | - | €15,147 | +€15,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,104 | €21,004 | +€1,900 | +9.9% |
| Other operating charges | 640/8 | €762 | €3,438 | +€2,677 | +351.5% |
| Gross operating margin | 9900 | €319,818 | €3,667 | -€316,151 | -98.9% |
| Operating profit (loss) | 9901 | €299,953 | -€20,774 | -€320,728 | |
| Financial income | 75/76B | €387 | €23,402 | +€23,015 | +5947.9% |
| Recurring financial income | 75 | €387 | €23,402 | +€23,015 | +5947.9% |
| Financial charges | 65/66B | €9,263 | €14,498 | +€5,235 | +56.5% |
| Recurring financial charges | 65 | €9,263 | €14,498 | +€5,235 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | €291,077 | -€11,870 | -€302,947 | |
| Income taxes | 67/77 | €70,873 | - | -€70,873 | |
| Profit (loss) for the period | 9904 | €220,204 | -€11,870 | -€232,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €220,204 | -€11,870 | -€232,074 |
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 9 October 2026 via checked.be.