CDC - CDMAT: 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 - CDMAT
Largest movements
- Tangible fixed assets +€134,603
up €134,603 (+55.1%), from €244,335 to €378,938
of which Furniture and vehicles: +€156,228
- Receivables within one year +€52,305
up €52,305 (+10.7%), from €487,723 to €540,029
of which Other amounts receivable: +€62,280
- Stocks and contracts +€15,080
new in 2026: €15,080
- Debts after one year +€103,110
up €103,110 (+68.0%), from €151,579 to €254,688
- Advances received +€85,828
up €85,828 (+149.7%), from €57,325 to €143,153
- Trade debts +€26,721
up €26,721 (+43.5%), from €61,467 to €88,188
- Current portion of long-term debt +€26,095
up €26,095 (+44.3%), from €58,921 to €85,016
- Tax, wage and social debts -€24,696
down €24,696 (-30.9%), from €79,895 to €55,200
of which Remuneration and social security: -€24,201
- Gross operating margin -€15,030
down €15,030 (-1.4%), from €1.1m to €1.1m
- Taxes -€12,290
down €12,290 (-30.7%), from €40,052 to €27,762
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €926,312 | €1,134,401 | +€208,089 | +22.5% |
| Fixed assets | 21/28 | €248,845 | €383,448 | +€134,603 | +54.1% |
| Tangible fixed assets | 22/27 | €244,335 | €378,938 | +€134,603 | +55.1% |
| Land and buildings | 22 | €189,630 | €168,885 | -€20,745 | -10.9% |
| Plant, machinery and equipment | 23 | €26,943 | €26,062 | -€880 | -3.3% |
| Furniture and vehicles | 24 | €27,762 | €183,990 | +€156,228 | +562.7% |
| Financial fixed assets | 28 | €4,509 | €4,509 | = | 0.0% |
| Current assets | 29/58 | €677,467 | €750,953 | +€73,486 | +10.8% |
| Stocks and contracts in progress | 3 | - | €15,080 | +€15,080 | |
| Stocks | 30/36 | - | €15,080 | +€15,080 | |
| Amounts receivable within one year | 40/41 | €487,723 | €540,029 | +€52,305 | +10.7% |
| Trade receivables | 40 | €144,514 | €134,539 | -€9,975 | -6.9% |
| Other amounts receivable | 41 | €343,209 | €405,489 | +€62,280 | +18.1% |
| Cash at bank and in hand | 54/58 | €189,329 | €195,430 | +€6,101 | +3.2% |
| Deferred charges and accrued income | 490/1 | €415 | €415 | = | 0.0% |
| Total equity and liabilities | 10/49 | €926,312 | €1,134,401 | +€208,089 | +22.5% |
| Equity | 10/15 | €417,125 | €418,155 | +€1,030 | +0.2% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Capital | 10 | €170,000 | €170,000 | = | 0.0% |
| Issued capital | 100 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,000 | €17,000 | = | 0.0% |
| Legal reserve | 130 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,125 | €231,155 | +€1,030 | +0.4% |
| Amounts payable | 17/49 | €509,187 | €716,246 | +€207,059 | +40.7% |
| Amounts payable after more than one year | 17 | €151,579 | €254,688 | +€103,110 | +68.0% |
| Financial debts | 170/4 | €151,579 | €254,688 | +€103,110 | +68.0% |
| Amounts payable within one year | 42/48 | €357,608 | €461,557 | +€103,949 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €58,921 | €85,016 | +€26,095 | +44.3% |
| Trade debts | 44 | €61,467 | €88,188 | +€26,721 | +43.5% |
| Suppliers | 440/4 | €61,467 | €88,188 | +€26,721 | +43.5% |
| Advances received on contracts in progress | 46 | €57,325 | €143,153 | +€85,828 | +149.7% |
| Taxes, remuneration and social security | 45 | €79,895 | €55,200 | -€24,696 | -30.9% |
| Taxes | 450/3 | €8,497 | €8,002 | -€495 | -5.8% |
| Remuneration and social security | 454/9 | €71,398 | €47,197 | -€24,201 | -33.9% |
| Other amounts payable | 47/48 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Remuneration, social security and pensions | 62 | €887,379 | €880,716 | -€6,663 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,166 | €46,487 | +€5,321 | +12.9% |
| Other operating charges | 640/8 | €10,347 | €11,005 | +€658 | +6.4% |
| Gross operating margin | 9900 | €1,069,680 | €1,054,649 | -€15,030 | -1.4% |
| Operating profit (loss) | 9901 | €130,788 | €116,441 | -€14,347 | -11.0% |
| Financial income | 75/76B | €7,698 | €9,112 | +€1,414 | +18.4% |
| Recurring financial income | 75 | €7,698 | €9,112 | +€1,414 | +18.4% |
| Financial charges | 65/66B | €7,357 | €6,761 | -€596 | -8.1% |
| Recurring financial charges | 65 | €7,357 | €6,761 | -€596 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €131,129 | €118,792 | -€12,337 | -9.4% |
| Income taxes | 67/77 | €40,052 | €27,762 | -€12,290 | -30.7% |
| Profit (loss) for the period | 9904 | €91,077 | €91,030 | -€47 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,077 | €91,030 | -€47 | -0.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.