CDC: 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.
CDC
Largest movements
- Tangible fixed assets -€7,428
down €7,428 (-35.0%), from €21,199 to €13,771
of which Furniture and vehicles: -€10,973
- Deferred charges and accrued income -€5,400
down €5,400 (-24.6%), from €21,924 to €16,524
- Receivables within one year +€4,683
up €4,683 (+47.2%), from €9,929 to €14,612
of which Trade receivables: +€4,682
- Intangible fixed assets +€1,943
up €1,943 (+39.3%), from €4,941 to €6,884
- Profit (loss) carried forward -€16,260
down €16,260, from €5,125 to -€11,135
- Other debts +€8,546
up €8,546 (+21.5%), from €39,684 to €48,230
- Advances received +€3,500
new in 2025: €3,500
- Trade debts -€2,862
down €2,862 (-42.0%), from €6,819 to €3,957
- Tax, wage and social debts +€1,032
up €1,032 (+229.3%), from €450 to €1,482
- Purchases and services +€20,772
up €20,772 (+34.7%), from €59,842 to €80,614
- Gross operating margin -€18,295
down €18,295 (-95.9%), from €19,079 to €784
- Turnover +€2,477
up €2,477 (+3.1%), from €78,921 to €81,398
- Taxes -€1,705
down €1,705, from €1,406 to -€299
- Depreciation +€1,401
up €1,401 (+10.9%), from €12,838 to €14,239
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 | €74,078 | €68,034 | -€6,044 | -8.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €26,140 | €20,655 | -€5,485 | -21.0% |
| Intangible fixed assets | 21 | €4,941 | €6,884 | +€1,943 | +39.3% |
| Tangible fixed assets | 22/27 | €21,199 | €13,771 | -€7,428 | -35.0% |
| Plant, machinery and equipment | 23 | €10,226 | €13,771 | +€3,545 | +34.7% |
| Furniture and vehicles | 24 | €10,973 | - | -€10,973 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €47,938 | €47,379 | -€559 | -1.2% |
| Stocks and contracts in progress | 3 | €13,969 | €13,969 | = | 0.0% |
| Stocks | 30/36 | €13,969 | €13,969 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,929 | €14,612 | +€4,683 | +47.2% |
| Trade receivables | 40 | €9,835 | €14,517 | +€4,682 | +47.6% |
| Other amounts receivable | 41 | €94 | €95 | +€1 | +1.1% |
| Cash at bank and in hand | 54/58 | €2,116 | €2,274 | +€158 | +7.5% |
| Deferred charges and accrued income | 490/1 | €21,924 | €16,524 | -€5,400 | -24.6% |
| Total equity and liabilities | 10/49 | €74,078 | €68,034 | -€6,044 | -8.2% |
| Equity | 10/15 | €27,125 | €10,865 | -€16,260 | -59.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,125 | -€11,135 | -€16,260 | |
| Amounts payable | 17/49 | €46,953 | €57,169 | +€10,216 | +21.8% |
| Amounts payable within one year | 42/48 | €46,953 | €57,169 | +€10,216 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,819 | €3,957 | -€2,862 | -42.0% |
| Suppliers | 440/4 | €6,819 | €3,957 | -€2,862 | -42.0% |
| Advances received on contracts in progress | 46 | - | €3,500 | +€3,500 | |
| Taxes, remuneration and social security | 45 | €450 | €1,482 | +€1,032 | +229.3% |
| Taxes | 450/3 | €450 | €1,482 | +€1,032 | +229.3% |
| Other amounts payable | 47/48 | €39,684 | €48,230 | +€8,546 | +21.5% |
| Turnover | 70 | €78,921 | €81,398 | +€2,477 | +3.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €59,842 | €80,614 | +€20,772 | +34.7% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,838 | €14,239 | +€1,401 | +10.9% |
| Other operating charges | 640/8 | €957 | €925 | -€32 | -3.3% |
| Gross operating margin | 9900 | €19,079 | €784 | -€18,295 | -95.9% |
| Operating profit (loss) | 9901 | €5,284 | -€14,380 | -€19,664 | |
| Financial income | 75/76B | €39 | €44 | +€5 | +12.8% |
| Recurring financial income | 75 | €39 | €44 | +€5 | +12.8% |
| Financial charges | 65/66B | €2,803 | €2,223 | -€580 | -20.7% |
| Recurring financial charges | 65 | €2,803 | €2,223 | -€580 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €2,520 | -€16,559 | -€19,079 | |
| Income taxes | 67/77 | €1,406 | -€299 | -€1,705 | |
| Profit (loss) for the period | 9904 | €1,114 | -€16,260 | -€17,374 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,114 | -€16,260 | -€17,374 |
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 7 October 2026 via checked.be.