CDC Partnership: 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 Partnership
Largest movements
- Receivables after one year -€23,500
down €23,500 (-5.7%), from €409,720 to €386,220
- Receivables within one year +€21,310
up €21,310 (+31.0%), from €68,729 to €90,039
of which Other amounts receivable: +€21,310
- Cash +€12,407
up €12,407 (+9,782%), from €127 to €12,533
mainly Receivables after one year (+€23,500) and Net result for the year (+€11,875)
- Reserves +€11,875
up €11,875 (+2.7%), from €447,464 to €459,339
of which Distributable reserves: +€11,875
- Gross operating margin -€36,889
down €36,889 (-95.2%), from €38,760 to €1,871
- Taxes -€11,395
down €11,395 (-61.8%), from €18,427 to €7,032
- Depreciation -€459
down €459 (-39.4%), from €1,165 to €706
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 | €483,022 | €496,075 | +€13,053 | +2.7% |
| Fixed assets | 21/28 | €1,902 | €3,007 | +€1,105 | +58.1% |
| Tangible fixed assets | 22/27 | €1,902 | €3,007 | +€1,105 | +58.1% |
| Furniture and vehicles | 24 | €1,902 | €3,007 | +€1,105 | +58.1% |
| Current assets | 29/58 | €481,120 | €493,068 | +€11,948 | +2.5% |
| Amounts receivable after more than one year | 29 | €409,720 | €386,220 | -€23,500 | -5.7% |
| Other amounts receivable | 291 | €409,720 | €386,220 | -€23,500 | -5.7% |
| Amounts receivable within one year | 40/41 | €68,729 | €90,039 | +€21,310 | +31.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €68,729 | €90,039 | +€21,310 | +31.0% |
| Cash at bank and in hand | 54/58 | €127 | €12,533 | +€12,407 | +9,782% |
| Deferred charges and accrued income | 490/1 | €2,544 | €4,275 | +€1,732 | +68.1% |
| Total equity and liabilities | 10/49 | €483,022 | €496,075 | +€13,053 | +2.7% |
| Equity | 10/15 | €459,864 | €471,739 | +€11,875 | +2.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €447,464 | €459,339 | +€11,875 | +2.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €445,604 | €457,479 | +€11,875 | +2.7% |
| Amounts payable | 17/49 | €23,158 | €24,337 | +€1,178 | +5.1% |
| Amounts payable within one year | 42/48 | €23,158 | €24,337 | +€1,178 | +5.1% |
| Trade debts | 44 | €4,738 | €7,929 | +€3,191 | +67.3% |
| Suppliers | 440/4 | €4,738 | €7,929 | +€3,191 | +67.3% |
| Taxes, remuneration and social security | 45 | €18,420 | €16,407 | -€2,013 | -10.9% |
| Taxes | 450/3 | €18,420 | €16,407 | -€2,013 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,165 | €706 | -€459 | -39.4% |
| Other operating charges | 640/8 | €1,107 | €1,000 | -€107 | -9.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €38,760 | €1,871 | -€36,889 | -95.2% |
| Operating profit (loss) | 9901 | €36,488 | €165 | -€36,323 | -99.5% |
| Financial income | 75/76B | €19,298 | €19,407 | +€109 | +0.6% |
| Recurring financial income | 75 | €19,298 | €19,407 | +€109 | +0.6% |
| Financial charges | 65/66B | €820 | €665 | -€155 | -18.9% |
| Recurring financial charges | 65 | €820 | €665 | -€155 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €54,966 | €18,907 | -€36,059 | -65.6% |
| Income taxes | 67/77 | €18,427 | €7,032 | -€11,395 | -61.8% |
| Profit (loss) for the period | 9904 | €36,539 | €11,875 | -€24,664 | -67.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,539 | €11,875 | -€24,664 | -67.5% |
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 27 October 2026 via checked.be.