CDC VINS: 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 VINS
Largest movements
- Receivables within one year -€23,252
down €23,252 (-29.0%), from €80,051 to €56,799
of which Trade receivables: -€19,906
- Cash +€16,186
up €16,186 (+12.2%), from €132,915 to €149,101
mainly Net result for the year (+€50,556) and Receivables within one year (+€23,252)
- Tangible fixed assets -€12,247
down €12,247 (-8.7%), from €140,073 to €127,826
of which Land and buildings: -€12,430
- Reserves +€50,000
up €50,000 (+166%), from €30,085 to €80,085
- Debts after one year -€29,359
down €29,359 (-18.4%), from €159,401 to €130,041
- Tax, wage and social debts -€17,451
down €17,451 (-26.4%), from €66,140 to €48,689
of which Taxes: -€15,264
- Trade debts -€13,138
down €13,138 (-9.2%), from €143,459 to €130,321
- Other debts -€5,054
down €5,054 (-12.7%), from €39,821 to €34,767
- Staff costs +€261,558
up €261,558 (+219%), from €119,284 to €380,842
- Gross operating margin +€260,953
up €260,953 (+119%), from €218,621 to €479,574
- Other operating charges -€40,526
down €40,526 (-94.9%), from €42,694 to €2,168
- Taxes +€12,470
up €12,470 (+105%), from €11,822 to €24,292
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 | €488,571 | €469,985 | -€18,586 | -3.8% |
| Fixed assets | 21/28 | €240,558 | €228,311 | -€12,247 | -5.1% |
| Tangible fixed assets | 22/27 | €140,073 | €127,826 | -€12,247 | -8.7% |
| Land and buildings | 22 | €138,663 | €126,233 | -€12,430 | -9.0% |
| Furniture and vehicles | 24 | €1,410 | €1,593 | +€183 | +13.0% |
| Financial fixed assets | 28 | €100,485 | €100,485 | = | 0.0% |
| Current assets | 29/58 | €248,013 | €241,674 | -€6,339 | -2.6% |
| Stocks and contracts in progress | 3 | €35,047 | €35,774 | +€727 | +2.1% |
| Stocks | 30/36 | €35,047 | €35,774 | +€727 | +2.1% |
| Amounts receivable within one year | 40/41 | €80,051 | €56,799 | -€23,252 | -29.0% |
| Trade receivables | 40 | €19,906 | - | -€19,906 | |
| Other amounts receivable | 41 | €60,146 | €56,799 | -€3,347 | -5.6% |
| Cash at bank and in hand | 54/58 | €132,915 | €149,101 | +€16,186 | +12.2% |
| Total equity and liabilities | 10/49 | €488,571 | €469,985 | -€18,586 | -3.8% |
| Equity | 10/15 | €46,251 | €96,807 | +€50,556 | +109% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,085 | €80,085 | +€50,000 | +166% |
| Distributable reserves | 133 | €30,085 | €80,085 | +€50,000 | +166% |
| Profit (loss) carried forward | 14 | €9,966 | €10,523 | +€556 | +5.6% |
| Amounts payable | 17/49 | €442,320 | €373,178 | -€69,142 | -15.6% |
| Amounts payable after more than one year | 17 | €159,401 | €130,041 | -€29,359 | -18.4% |
| Financial debts | 170/4 | €159,401 | €130,041 | -€29,359 | -18.4% |
| Amounts payable within one year | 42/48 | €282,919 | €243,137 | -€39,783 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €33,499 | €29,359 | -€4,140 | -12.4% |
| Trade debts | 44 | €143,459 | €130,321 | -€13,138 | -9.2% |
| Suppliers | 440/4 | €143,459 | €130,321 | -€13,138 | -9.2% |
| Taxes, remuneration and social security | 45 | €66,140 | €48,689 | -€17,451 | -26.4% |
| Taxes | 450/3 | €27,422 | €12,158 | -€15,264 | -55.7% |
| Remuneration and social security | 454/9 | €38,718 | €36,531 | -€2,187 | -5.6% |
| Other amounts payable | 47/48 | €39,821 | €34,767 | -€5,054 | -12.7% |
| Remuneration, social security and pensions | 62 | €119,284 | €380,842 | +€261,558 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,471 | €12,948 | +€477 | +3.8% |
| Other operating charges | 640/8 | €42,694 | €2,168 | -€40,526 | -94.9% |
| Gross operating margin | 9900 | €218,621 | €479,574 | +€260,953 | +119% |
| Operating profit (loss) | 9901 | €44,172 | €83,616 | +€39,444 | +89.3% |
| Financial income | 75/76B | €410 | €884 | +€474 | +116% |
| Recurring financial income | 75 | €410 | €884 | +€474 | +116% |
| Financial charges | 65/66B | €6,156 | €9,652 | +€3,495 | +56.8% |
| Recurring financial charges | 65 | €6,156 | €9,652 | +€3,495 | +56.8% |
| Profit (loss) for the period before taxes | 9903 | €38,426 | €74,848 | +€36,423 | +94.8% |
| Income taxes | 67/77 | €11,822 | €24,292 | +€12,470 | +105% |
| Profit (loss) for the period | 9904 | €26,604 | €50,556 | +€23,952 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,604 | €50,556 | +€23,952 | +90.0% |
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 28 October 2026 via checked.be.