CDCA: 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.
CDCA
Largest movements
- Receivables within one year -€48,947
down €48,947 (-42.5%), from €115,088 to €66,141
of which Other amounts receivable: -€27,291
- Cash +€13,154
up €13,154 (+55.1%), from €23,870 to €37,024
mainly Other debts (+€91,198) and Receivables within one year (+€48,947)
- Tangible fixed assets -€7,077
down €7,077 (-30.6%), from €23,120 to €16,043
of which Furniture and vehicles: -€6,979
- Stocks and contracts +€3,145
up €3,145 (+44.9%), from €7,008 to €10,153
- Reserves -€110,553
down €110,553 (-100.0%), from €110,553 to €0
- Other debts +€91,198
up €91,198, from €0 to €91,198
- Trade debts -€10,446
down €10,446 (-76.0%), from €13,749 to €3,303
- Tax, wage and social debts -€9,924
down €9,924 (-23.8%), from €41,784 to €31,860
- Gross operating margin -€87,335
down €87,335 (-55.5%), from €157,384 to €70,049
- Taxes -€18,298
down €18,298 (-53.7%), from €34,051 to €15,753
- Other operating charges -€3,440
down €3,440 (-58.2%), from €5,907 to €2,467
- Financial income -€1,982
down €1,982 (-99.4%), from €1,995 to €13
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 | €169,086 | €129,361 | -€39,725 | -23.5% |
| Fixed assets | 21/28 | €23,120 | €16,043 | -€7,077 | -30.6% |
| Tangible fixed assets | 22/27 | €23,120 | €16,043 | -€7,077 | -30.6% |
| Land and buildings | 22 | - | €1,176 | +€1,176 | |
| Plant, machinery and equipment | 23 | €4,860 | €3,587 | -€1,273 | -26.2% |
| Furniture and vehicles | 24 | €18,260 | €11,281 | -€6,979 | -38.2% |
| Current assets | 29/58 | €145,966 | €113,319 | -€32,648 | -22.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €7,008 | €10,153 | +€3,145 | +44.9% |
| Stocks | 30/36 | €7,008 | €10,153 | +€3,145 | +44.9% |
| Amounts receivable within one year | 40/41 | €115,088 | €66,141 | -€48,947 | -42.5% |
| Trade receivables | 40 | €81,936 | €60,280 | -€21,656 | -26.4% |
| Other amounts receivable | 41 | €33,152 | €5,861 | -€27,291 | -82.3% |
| Cash at bank and in hand | 54/58 | €23,870 | €37,024 | +€13,154 | +55.1% |
| Total equity and liabilities | 10/49 | €169,086 | €129,361 | -€39,725 | -23.5% |
| Equity | 10/15 | €113,553 | €3,000 | -€110,553 | -97.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €110,553 | €0 | -€110,553 | -100.0% |
| Distributable reserves | 133 | €110,553 | €0 | -€110,553 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,533 | €126,361 | +€70,828 | +127.5% |
| Amounts payable within one year | 42/48 | €55,533 | €126,361 | +€70,828 | +127.5% |
| Trade debts | 44 | €13,749 | €3,303 | -€10,446 | -76.0% |
| Suppliers | 440/4 | €13,749 | €3,303 | -€10,446 | -76.0% |
| Taxes, remuneration and social security | 45 | €41,784 | €31,860 | -€9,924 | -23.8% |
| Taxes | 450/3 | €41,784 | €31,860 | -€9,924 | -23.8% |
| Other amounts payable | 47/48 | €0 | €91,198 | +€91,198 | |
| Remuneration, social security and pensions | 62 | €422 | €125 | -€297 | -70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,222 | €8,278 | +€1,056 | +14.6% |
| Other operating charges | 640/8 | €5,907 | €2,467 | -€3,440 | -58.2% |
| Gross operating margin | 9900 | €157,384 | €70,049 | -€87,335 | -55.5% |
| Operating profit (loss) | 9901 | €143,834 | €59,179 | -€84,655 | -58.9% |
| Financial income | 75/76B | €1,995 | €13 | -€1,982 | -99.4% |
| Recurring financial income | 75 | €1,995 | €13 | -€1,982 | -99.4% |
| Financial charges | 65/66B | €1,224 | €1,022 | -€202 | -16.5% |
| Recurring financial charges | 65 | €1,224 | €1,022 | -€202 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €144,604 | €58,170 | -€86,434 | -59.8% |
| Income taxes | 67/77 | €34,051 | €15,753 | -€18,298 | -53.7% |
| Profit (loss) for the period | 9904 | €110,553 | €42,417 | -€68,136 | -61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €110,553 | €42,417 | -€68,136 | -61.6% |
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 8 October 2026 via checked.be.