CDB Invest: what changed
What changed
CDB Invest
NACE 81.300, Landscape service activities
filed annual accounts (NBB)
Net result for the year
€6,954
2024 · €40,503-€33,549
Equity
€470,203
2024 · €463,248+€6,954
Cash
€18,060
2024 · €7,135+€10,925
Balance sheet total
€824,194
2024 · €814,884+€9,310
Largest movements
Assets
- Tangible fixed assets -€85,231
down €85,231 (-21.0%), from €405,900 to €320,668
of which Land and buildings: -€89,782
- Current investments +€51,610
up €51,610 (+230%), from €22,470 to €74,080
- Receivables within one year +€22,342
up €22,342 (+29.2%), from €76,606 to €98,948
of which Other amounts receivable: +€22,342
- Cash +€10,925
up €10,925 (+153%), from €7,135 to €18,060
mainly Investment in fixed assets (net) (+€73,263) and Provisions (+€14,141)
- Deferred charges and accrued income +€9,664
up €9,664 (+42.4%), from €22,774 to €32,438
Equity and liabilities
- Debts after one year -€18,375
down €18,375 (-5.7%), from €324,994 to €306,619
- Provisions +€14,141
new in 2025: €14,141
- Trade debts +€11,422
up €11,422 (+805%), from €1,418 to €12,841
Income statement
- Gross operating margin -€58,222
down €58,222 (-58.9%), from €98,802 to €40,579
- Depreciation -€22,856
down €22,856 (-65.6%), from €34,825 to €11,969
- Taxes -€15,207
down €15,207 (-100%), from €15,207 to €0
- Financial charges -€5,817
down €5,817 (-46.2%), from €12,599 to €6,782
- Financial income -€4,214
down €4,214 (-28.4%), from €14,850 to €10,636
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.
Result 2024
€40,503
Gross operating margin
-€58,222
Depreciation
+€22,856
Other operating charges
-€3,161
Other operating items
+€2,309
Financial income
-€4,214
Financial charges
+€5,817
Taxes
+€15,207
Deferred taxes and other
-€14,141
Result 2025
€6,954
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€9,869
Investment
+€21,652
Financing
-€20,597
Cash 2024
€7,135
From operations (derived)
+€9,869
Net result for the year
+€6,954
Depreciation
+€11,969
Receivables within one year
-€22,342
Deferred charges and accrued income
-€9,664
Provisions
+€14,141
Trade debts
+€11,422
Tax, wage and social debts
-€2,611
Investment (derived)
+€21,652
Investment in fixed assets (net)
+€73,263
Current investments
-€51,610
Financing
-€20,597
Debts after one year
-€18,375
Current portion of long-term debt
+€332
Short-term financial debts
-€2,554
Cash 2025
€18,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €814,884 | €824,194 | +€9,310 | +1.1% |
| Fixed assets | 21/28 | €405,900 | €320,668 | -€85,231 | -21.0% |
| Tangible fixed assets | 22/27 | €405,900 | €320,668 | -€85,231 | -21.0% |
| Land and buildings | 22 | €405,900 | €316,118 | -€89,782 | -22.1% |
| Plant, machinery and equipment | 23 | - | €4,551 | +€4,551 | |
| Current assets | 29/58 | €408,985 | €503,526 | +€94,541 | +23.1% |
| Amounts receivable after more than one year | 29 | €280,000 | €280,000 | = | 0.0% |
| Other amounts receivable | 291 | €280,000 | €280,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,606 | €98,948 | +€22,342 | +29.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €76,606 | €98,948 | +€22,342 | +29.2% |
| Current investments | 50/53 | €22,470 | €74,080 | +€51,610 | +230% |
| Cash at bank and in hand | 54/58 | €7,135 | €18,060 | +€10,925 | +153% |
| Deferred charges and accrued income | 490/1 | €22,774 | €32,438 | +€9,664 | +42.4% |
| Total equity and liabilities | 10/49 | €814,884 | €824,194 | +€9,310 | +1.1% |
| Equity | 10/15 | €463,248 | €470,203 | +€6,954 | +1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €457,048 | €464,003 | +€6,954 | +1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €42,422 | +€42,422 | |
| Distributable reserves | 133 | €457,048 | €421,581 | -€35,467 | -7.8% |
| Provisions and deferred taxes | 16 | - | €14,141 | +€14,141 | |
| Deferred taxes | 168 | - | €14,141 | +€14,141 | |
| Amounts payable | 17/49 | €351,636 | €339,851 | -€11,786 | -3.4% |
| Amounts payable after more than one year | 17 | €324,994 | €306,619 | -€18,375 | -5.7% |
| Financial debts | 170/4 | €324,994 | €306,619 | -€18,375 | -5.7% |
| Amounts payable within one year | 42/48 | €24,626 | €31,216 | +€6,589 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €18,043 | €18,375 | +€332 | +1.8% |
| Financial debts | 43 | €2,554 | €0 | -€2,554 | -100% |
| Other loans | 439 | €2,554 | €0 | -€2,554 | -100% |
| Trade debts | 44 | €1,418 | €12,841 | +€11,422 | +805% |
| Suppliers | 440/4 | €1,418 | €12,841 | +€11,422 | +805% |
| Taxes, remuneration and social security | 45 | €2,611 | €0 | -€2,611 | -100% |
| Taxes | 450/3 | €2,611 | €0 | -€2,611 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,016 | €2,016 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €56,563 | +€56,563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,825 | €11,969 | -€22,856 | -65.6% |
| Other operating charges | 640/8 | €8,209 | €11,370 | +€3,161 | +38.5% |
| Non-recurring operating charges | 66A | €2,309 | €0 | -€2,309 | -100% |
| Gross operating margin | 9900 | €98,802 | €40,579 | -€58,222 | -58.9% |
| Operating profit (loss) | 9901 | €53,460 | €17,241 | -€36,219 | -67.7% |
| Financial income | 75/76B | €14,850 | €10,636 | -€4,214 | -28.4% |
| Recurring financial income | 75 | €14,850 | €10,636 | -€4,214 | -28.4% |
| Financial charges | 65/66B | €12,599 | €6,782 | -€5,817 | -46.2% |
| Recurring financial charges | 65 | €12,599 | €6,782 | -€5,817 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €55,711 | €21,095 | -€34,616 | -62.1% |
| Transfer to deferred taxes | 680 | - | €14,141 | +€14,141 | |
| Income taxes | 67/77 | €15,207 | €0 | -€15,207 | -100% |
| Profit (loss) for the period | 9904 | €40,503 | €6,954 | -€33,549 | -82.8% |
| Transfer to tax-exempt reserves | 689 | - | €42,422 | +€42,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,503 | -€35,467 | -€75,971 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.