CDBV: what changed
Two fiscal 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.
CDBV
Largest movements
- Tangible fixed assets +€188,576
up €188,576 (+7.4%), from €2.5m to €2.7m
of which Land and buildings: +€277,595
- Cash +€104,937
up €104,937 (+51.0%), from €205,832 to €310,769
mainly Depreciation (+€268,264) and Net result for the year (+€148,939)
- Receivables within one year -€90,070
down €90,070 (-52.1%), from €172,892 to €82,823
of which Trade receivables: -€172,892
- Current portion of long-term debt +€128,335
up €128,335 (+39.8%), from €322,746 to €451,082
- Other debts +€82,271
up €82,271 (+10.4%), from €788,656 to €870,927
- Tax, wage and social debts -€77,015
down €77,015 (-47.4%), from €162,383 to €85,368
of which Taxes: -€74,595
- Debts after one year +€38,527
up €38,527 (+2.4%), from €1.6m to €1.7m
- Taxes -€9,954
down €9,954 (-14.9%), from €66,721 to €56,767
- Other operating charges -€9,191
down €9,191 (-88.3%), from €10,410 to €1,220
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 | €2,937,103 | €3,137,667 | +€200,564 | +6.8% |
| Fixed assets | 21/28 | €2,546,602 | €2,734,878 | +€188,276 | +7.4% |
| Tangible fixed assets | 22/27 | €2,546,252 | €2,734,828 | +€188,576 | +7.4% |
| Land and buildings | 22 | €1,853,853 | €2,131,448 | +€277,595 | +15.0% |
| Plant, machinery and equipment | 23 | €613,781 | €526,459 | -€87,322 | -14.2% |
| Furniture and vehicles | 24 | €78,618 | €76,921 | -€1,697 | -2.2% |
| Financial fixed assets | 28 | €350 | €50 | -€300 | -85.7% |
| Current assets | 29/58 | €390,501 | €402,789 | +€12,288 | +3.1% |
| Amounts receivable within one year | 40/41 | €172,892 | €82,823 | -€90,070 | -52.1% |
| Trade receivables | 40 | €172,892 | - | -€172,892 | |
| Other amounts receivable | 41 | - | €82,823 | +€82,823 | |
| Cash at bank and in hand | 54/58 | €205,832 | €310,769 | +€104,937 | +51.0% |
| Deferred charges and accrued income | 490/1 | €11,777 | €9,197 | -€2,579 | -21.9% |
| Total equity and liabilities | 10/49 | €2,937,103 | €3,137,667 | +€200,564 | +6.8% |
| Equity | 10/15 | €22,951 | €20,460 | -€2,491 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,491 | - | -€2,491 | |
| Amounts payable | 17/49 | €2,914,152 | €3,117,207 | +€203,055 | +7.0% |
| Amounts payable after more than one year | 17 | €1,615,634 | €1,654,161 | +€38,527 | +2.4% |
| Financial debts | 170/4 | €1,615,634 | €1,654,161 | +€38,527 | +2.4% |
| Amounts payable within one year | 42/48 | €1,298,519 | €1,463,046 | +€164,527 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €322,746 | €451,082 | +€128,335 | +39.8% |
| Trade debts | 44 | €24,733 | €55,669 | +€30,936 | +125.1% |
| Suppliers | 440/4 | €24,733 | €55,669 | +€30,936 | +125.1% |
| Taxes, remuneration and social security | 45 | €162,383 | €85,368 | -€77,015 | -47.4% |
| Taxes | 450/3 | €157,707 | €83,112 | -€74,595 | -47.3% |
| Remuneration and social security | 454/9 | €4,676 | €2,256 | -€2,420 | -51.8% |
| Other amounts payable | 47/48 | €788,656 | €870,927 | +€82,271 | +10.4% |
| Remuneration, social security and pensions | 62 | €36,509 | €36,067 | -€442 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269,283 | €268,264 | -€1,019 | -0.4% |
| Other operating charges | 640/8 | €10,410 | €1,220 | -€9,191 | -88.3% |
| Non-recurring operating charges | 66A | €1,901 | - | -€1,901 | |
| Gross operating margin | 9900 | €541,703 | €543,860 | +€2,157 | +0.4% |
| Operating profit (loss) | 9901 | €223,600 | €238,310 | +€14,710 | +6.6% |
| Financial income | 75/76B | €5,269 | €1,824 | -€3,445 | -65.4% |
| Recurring financial income | 75 | €5,269 | €1,824 | -€3,445 | -65.4% |
| Financial charges | 65/66B | €29,787 | €34,429 | +€4,641 | +15.6% |
| Recurring financial charges | 65 | €29,787 | €34,429 | +€4,641 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €199,082 | €205,706 | +€6,624 | +3.3% |
| Income taxes | 67/77 | €66,721 | €56,767 | -€9,954 | -14.9% |
| Profit (loss) for the period | 9904 | €132,360 | €148,939 | +€16,578 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €132,360 | €148,939 | +€16,578 | +12.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.