CDBS: 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.
CDBS
Largest movements
- Financial fixed assets -€313,333
down €313,333 (-100.0%), from €313,373 to €39
- Current investments +€184,503
up €184,503 (+71.8%), from €257,068 to €441,571
- Cash -€30,470
down €30,470 (-50.7%), from €60,103 to €29,633
mainly Current investments (-€184,503) and Debts after one year (-€113,000)
- Receivables within one year +€30,420
up €30,420 (+119%), from €25,537 to €55,957
of which Other amounts receivable: +€38,990
- Debts after one year -€113,000
no longer reported in 2025 (was €113,000)
- Profit (loss) carried forward +€111,922
up €111,922, from €0 to €111,922
- Other debts -€97,022
down €97,022 (-94.9%), from €102,193 to €5,171
- Current portion of long-term debt -€28,540
no longer reported in 2025 (was €28,540)
- Gross operating margin -€108,314
down €108,314 (-71.2%), from €152,135 to €43,821
- Financial income +€92,212
up €92,212 (+1,265%), from €7,291 to €99,503
- Taxes -€26,570
down €26,570 (-57.9%), from €45,913 to €19,343
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 | €667,489 | €535,688 | -€131,801 | -19.7% |
| Fixed assets | 21/28 | €324,396 | €7,656 | -€316,740 | -97.6% |
| Tangible fixed assets | 22/27 | €11,023 | €7,617 | -€3,406 | -30.9% |
| Furniture and vehicles | 24 | €11,023 | €7,617 | -€3,406 | -30.9% |
| Financial fixed assets | 28 | €313,373 | €39 | -€313,333 | -100.0% |
| Current assets | 29/58 | €343,094 | €528,032 | +€184,939 | +53.9% |
| Amounts receivable within one year | 40/41 | €25,537 | €55,957 | +€30,420 | +119% |
| Trade receivables | 40 | €22,291 | €13,721 | -€8,570 | -38.4% |
| Other amounts receivable | 41 | €3,246 | €42,236 | +€38,990 | +1,201% |
| Current investments | 50/53 | €257,068 | €441,571 | +€184,503 | +71.8% |
| Cash at bank and in hand | 54/58 | €60,103 | €29,633 | -€30,470 | -50.7% |
| Deferred charges and accrued income | 490/1 | €386 | €872 | +€486 | +126% |
| Total equity and liabilities | 10/49 | €667,489 | €535,688 | -€131,801 | -19.7% |
| Equity | 10/15 | €398,942 | €510,864 | +€111,922 | +28.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €380,342 | €380,342 | = | 0.0% |
| Distributable reserves | 133 | €380,342 | €380,342 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €111,922 | +€111,922 | |
| Amounts payable | 17/49 | €268,548 | €24,824 | -€243,723 | -90.8% |
| Amounts payable after more than one year | 17 | €113,000 | - | -€113,000 | |
| Financial debts | 170/4 | €113,000 | - | -€113,000 | |
| Amounts payable within one year | 42/48 | €155,548 | €24,824 | -€130,723 | -84.0% |
| Current portion of amounts payable after more than one year | 42 | €28,540 | - | -€28,540 | |
| Financial debts | 43 | €459 | - | -€459 | |
| Credit institutions | 430/8 | €459 | - | -€459 | |
| Trade debts | 44 | €3,134 | €1,638 | -€1,497 | -47.8% |
| Suppliers | 440/4 | €3,134 | €1,638 | -€1,497 | -47.8% |
| Taxes, remuneration and social security | 45 | €21,222 | €18,016 | -€3,206 | -15.1% |
| Taxes | 450/3 | €21,222 | €18,016 | -€3,206 | -15.1% |
| Other amounts payable | 47/48 | €102,193 | €5,171 | -€97,022 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,994 | €3,406 | -€588 | -14.7% |
| Other operating charges | 640/8 | €593 | €567 | -€27 | -4.5% |
| Gross operating margin | 9900 | €152,135 | €43,821 | -€108,314 | -71.2% |
| Operating profit (loss) | 9901 | €147,548 | €39,848 | -€107,699 | -73.0% |
| Financial income | 75/76B | €7,291 | €99,503 | +€92,212 | +1,265% |
| Recurring financial income | 75 | €7,291 | €99,503 | +€92,212 | +1,265% |
| Financial charges | 65/66B | €8,987 | €8,086 | -€902 | -10.0% |
| Recurring financial charges | 65 | €8,987 | €8,086 | -€902 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €145,851 | €131,265 | -€14,586 | -10.0% |
| Income taxes | 67/77 | €45,913 | €19,343 | -€26,570 | -57.9% |
| Profit (loss) for the period | 9904 | €99,938 | €111,922 | +€11,984 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €99,938 | €111,922 | +€11,984 | +12.0% |
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 14 October 2026 via checked.be.