CDB DEVELOPMENT: 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 DEVELOPMENT
Largest movements
- Financial fixed assets +€405,452
up €405,452 (+33.8%), from €1.2m to €1.6m
- Receivables after one year -€17,688
no longer reported in 2025 (was €17,688)
- Debts after one year +€340,239
new in 2025: €340,239
- Contributions +€52,000
up €52,000 (+4.3%), from €1.2m to €1.3m
- Gross operating margin -€37,374
down €37,374, from €31,332 to -€6,042
- Taxes -€7,841
no longer reported in 2025 (was €7,841)
- Financial income +€7,784
new in 2025: €7,784
- Financial charges +€5,406
up €5,406 (+1,960%), from €276 to €5,681
- Other operating charges +€1,008
up €1,008 (+353%), from €285 to €1,293
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 | €1,273,414 | €1,644,755 | +€371,341 | +29.2% |
| Fixed assets | 21/28 | €1,231,245 | €1,626,797 | +€395,552 | +32.1% |
| Tangible fixed assets | 22/27 | €31,245 | €21,345 | -€9,900 | -31.7% |
| Furniture and vehicles | 24 | €31,245 | €21,345 | -€9,900 | -31.7% |
| Financial fixed assets | 28 | €1,200,000 | €1,605,452 | +€405,452 | +33.8% |
| Current assets | 29/58 | €42,169 | €17,957 | -€24,212 | -57.4% |
| Amounts receivable after more than one year | 29 | €17,688 | - | -€17,688 | |
| Other amounts receivable | 291 | €17,688 | - | -€17,688 | |
| Amounts receivable within one year | 40/41 | €18,332 | €14,299 | -€4,033 | -22.0% |
| Trade receivables | 40 | €18,332 | €14,299 | -€4,033 | -22.0% |
| Cash at bank and in hand | 54/58 | €4,068 | €1,577 | -€2,491 | -61.2% |
| Deferred charges and accrued income | 490/1 | €2,082 | €2,082 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,273,414 | €1,644,755 | +€371,341 | +29.2% |
| Equity | 10/15 | €1,253,466 | €1,290,333 | +€36,868 | +2.9% |
| Contributions | 10/11 | €1,208,000 | €1,260,000 | +€52,000 | +4.3% |
| Profit (loss) carried forward | 14 | €45,466 | €30,333 | -€15,132 | -33.3% |
| Amounts payable | 17/49 | €19,948 | €354,421 | +€334,473 | +1,677% |
| Amounts payable after more than one year | 17 | - | €340,239 | +€340,239 | |
| Other amounts payable | 178/9 | - | €340,239 | +€340,239 | |
| Amounts payable within one year | 42/48 | €19,948 | €14,182 | -€5,766 | -28.9% |
| Trade debts | 44 | €11,057 | €8,957 | -€2,099 | -19.0% |
| Suppliers | 440/4 | €11,057 | €8,957 | -€2,099 | -19.0% |
| Taxes, remuneration and social security | 45 | €5,779 | €2,112 | -€3,667 | -63.5% |
| Taxes | 450/3 | €5,779 | €2,112 | -€3,667 | -63.5% |
| Other amounts payable | 47/48 | €3,113 | €3,113 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,243 | €9,900 | +€657 | +7.1% |
| Other operating charges | 640/8 | €285 | €1,293 | +€1,008 | +353% |
| Gross operating margin | 9900 | €31,332 | -€6,042 | -€37,374 | |
| Operating profit (loss) | 9901 | €21,804 | -€17,235 | -€39,039 | |
| Financial income | 75/76B | - | €7,784 | +€7,784 | |
| Recurring financial income | 75 | - | €7,784 | +€7,784 | |
| Financial charges | 65/66B | €276 | €5,681 | +€5,406 | +1,960% |
| Recurring financial charges | 65 | €276 | €5,681 | +€5,406 | +1,960% |
| Profit (loss) for the period before taxes | 9903 | €21,528 | -€15,132 | -€36,660 | |
| Income taxes | 67/77 | €7,841 | - | -€7,841 | |
| Profit (loss) for the period | 9904 | €13,687 | -€15,132 | -€28,819 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,687 | -€15,132 | -€28,819 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.