CDC BOIS: 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.
CDC BOIS
Largest movements
- Receivables within one year +€73,551
up €73,551 (+223%), from €33,006 to €106,557
of which Trade receivables: +€70,708
- Cash +€27,313
up €27,313 (+115%), from €23,850 to €51,163
mainly Other debts (+€75,164) and Depreciation (+€38,581)
- Other debts +€75,164
up €75,164 (+169%), from €44,522 to €119,686
- Debts after one year -€48,844
down €48,844 (-29.3%), from €166,482 to €117,637
- Reserves +€35,484
up €35,484 (+34.5%), from €102,710 to €138,194
- Trade debts +€29,302
up €29,302 (+165%), from €17,761 to €47,064
- Tax, wage and social debts +€8,882
up €8,882 (+17.6%), from €50,353 to €59,234
of which Taxes: +€9,412
- Staff costs +€23,947
up €23,947 (+30.0%), from €79,906 to €103,853
- Gross operating margin -€23,868
down €23,868 (-9.8%), from €244,016 to €220,148
- Taxes -€17,363
down €17,363 (-49.0%), from €35,431 to €18,069
- Depreciation -€13,808
down €13,808 (-26.4%), from €52,389 to €38,581
- Financial charges +€5,210
up €5,210 (+94.3%), from €5,525 to €10,735
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 | €580,870 | €679,734 | +€98,864 | +17.0% |
| Fixed assets | 21/28 | €515,630 | €511,432 | -€4,198 | -0.8% |
| Intangible fixed assets | 21 | €1,003 | €665 | -€338 | -33.7% |
| Tangible fixed assets | 22/27 | €174,377 | €170,517 | -€3,860 | -2.2% |
| Land and buildings | 22 | - | €403 | +€403 | |
| Plant, machinery and equipment | 23 | €144,609 | €163,440 | +€18,831 | +13.0% |
| Furniture and vehicles | 24 | €21,058 | €6,674 | -€14,384 | -68.3% |
| Leasing and similar rights | 25 | €8,711 | - | -€8,711 | |
| Financial fixed assets | 28 | €340,250 | €340,250 | = | 0.0% |
| Current assets | 29/58 | €65,240 | €168,302 | +€103,062 | +158% |
| Stocks and contracts in progress | 3 | €4,209 | €6,448 | +€2,239 | +53.2% |
| Stocks | 30/36 | €4,209 | €6,448 | +€2,239 | +53.2% |
| Amounts receivable within one year | 40/41 | €33,006 | €106,557 | +€73,551 | +223% |
| Trade receivables | 40 | €29,622 | €100,330 | +€70,708 | +239% |
| Other amounts receivable | 41 | €3,384 | €6,227 | +€2,843 | +84.0% |
| Cash at bank and in hand | 54/58 | €23,850 | €51,163 | +€27,313 | +115% |
| Deferred charges and accrued income | 490/1 | €4,174 | €4,133 | -€41 | -1.0% |
| Total equity and liabilities | 10/49 | €580,870 | €679,734 | +€98,864 | +17.0% |
| Equity | 10/15 | €242,284 | €277,767 | +€35,484 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €102,710 | €138,194 | +€35,484 | +34.5% |
| Distributable reserves | 133 | €102,710 | €138,194 | +€35,484 | +34.5% |
| Profit (loss) carried forward | 14 | €133,374 | €133,374 | = | 0.0% |
| Amounts payable | 17/49 | €338,586 | €401,967 | +€63,381 | +18.7% |
| Amounts payable after more than one year | 17 | €166,482 | €117,637 | -€48,844 | -29.3% |
| Financial debts | 170/4 | €166,482 | €117,637 | -€48,844 | -29.3% |
| Amounts payable within one year | 42/48 | €162,604 | €274,829 | +€112,225 | +69.0% |
| Current portion of amounts payable after more than one year | 42 | €49,967 | €48,844 | -€1,123 | -2.2% |
| Trade debts | 44 | €17,761 | €47,064 | +€29,302 | +165% |
| Suppliers | 440/4 | €17,761 | €47,064 | +€29,302 | +165% |
| Taxes, remuneration and social security | 45 | €50,353 | €59,234 | +€8,882 | +17.6% |
| Taxes | 450/3 | €44,271 | €53,683 | +€9,412 | +21.3% |
| Remuneration and social security | 454/9 | €6,082 | €5,552 | -€530 | -8.7% |
| Other amounts payable | 47/48 | €44,522 | €119,686 | +€75,164 | +169% |
| Accrued charges and deferred income | 492/3 | €9,500 | €9,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,352 | +€1,352 | |
| Remuneration, social security and pensions | 62 | €79,906 | €103,853 | +€23,947 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,389 | €38,581 | -€13,808 | -26.4% |
| Other operating charges | 640/8 | - | €1,363 | +€1,363 | |
| Non-recurring operating charges | 66A | - | €9,385 | +€9,385 | |
| Gross operating margin | 9900 | €244,016 | €220,148 | -€23,868 | -9.8% |
| Operating profit (loss) | 9901 | €111,721 | €66,966 | -€44,755 | -40.1% |
| Financial income | 75/76B | €8 | €8 | +€0 | +3.5% |
| Recurring financial income | 75 | €8 | €8 | +€0 | +3.5% |
| Financial charges | 65/66B | €5,525 | €10,735 | +€5,210 | +94.3% |
| Recurring financial charges | 65 | €5,525 | €10,735 | +€5,210 | +94.3% |
| Profit (loss) for the period before taxes | 9903 | €106,204 | €56,239 | -€49,965 | -47.0% |
| Income taxes | 67/77 | €35,431 | €18,069 | -€17,363 | -49.0% |
| Profit (loss) for the period | 9904 | €70,773 | €38,171 | -€32,602 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,773 | €38,171 | -€32,602 | -46.1% |
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 15 October 2026 via checked.be.