CDCDC: 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.
CDCDC
Largest movements
- Cash -€40,146
down €40,146 (-27.1%), from €148,135 to €107,989
mainly Contributions, distributions and other (-€281,697) and Current portion of long-term debt (-€36,037)
- Tangible fixed assets -€26,829
down €26,829 (-9.1%), from €296,304 to €269,475
of which Furniture and vehicles: -€13,586
- Current portion of long-term debt -€36,037
down €36,037 (-100.0%), from €36,037 to €0
- Other debts -€22,999
down €22,999 (-5.2%), from €442,427 to €419,428
- Depreciation -€9,744
down €9,744 (-25.2%), from €38,626 to €28,882
- Gross operating margin +€4,798
up €4,798 (+1.2%), from €413,040 to €417,838
- Taxes +€4,663
up €4,663 (+5.5%), from €84,689 to €89,353
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 | €584,061 | €518,936 | -€65,125 | -11.2% |
| Fixed assets | 21/28 | €296,304 | €269,475 | -€26,829 | -9.1% |
| Tangible fixed assets | 22/27 | €296,304 | €269,475 | -€26,829 | -9.1% |
| Land and buildings | 22 | €200,909 | €200,909 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,187 | €3,775 | -€1,412 | -27.2% |
| Furniture and vehicles | 24 | €56,475 | €42,889 | -€13,586 | -24.1% |
| Other tangible fixed assets | 26 | €33,733 | €21,902 | -€11,831 | -35.1% |
| Current assets | 29/58 | €287,756 | €249,461 | -€38,295 | -13.3% |
| Cash at bank and in hand | 54/58 | €148,135 | €107,989 | -€40,146 | -27.1% |
| Deferred charges and accrued income | 490/1 | €139,621 | €141,471 | +€1,850 | +1.3% |
| Total equity and liabilities | 10/49 | €584,061 | €518,936 | -€65,125 | -11.2% |
| Equity | 10/15 | €55,000 | €55,000 | = | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €529,061 | €463,936 | -€65,125 | -12.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €529,061 | €463,936 | -€65,125 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €36,037 | €0 | -€36,037 | -100.0% |
| Trade debts | 44 | €5,913 | €3,394 | -€2,520 | -42.6% |
| Suppliers | 440/4 | €5,913 | €3,394 | -€2,520 | -42.6% |
| Taxes, remuneration and social security | 45 | €44,684 | €41,115 | -€3,569 | -8.0% |
| Taxes | 450/3 | €44,684 | €41,115 | -€3,569 | -8.0% |
| Other amounts payable | 47/48 | €442,427 | €419,428 | -€22,999 | -5.2% |
| Remuneration, social security and pensions | 62 | €11,206 | €12,097 | +€891 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,626 | €28,882 | -€9,744 | -25.2% |
| Other operating charges | 640/8 | €784 | €1,386 | +€602 | +76.8% |
| Gross operating margin | 9900 | €413,040 | €417,838 | +€4,798 | +1.2% |
| Operating profit (loss) | 9901 | €362,425 | €375,473 | +€13,048 | +3.6% |
| Financial income | 75/76B | €0 | €10 | +€10 | |
| Recurring financial income | 75 | €0 | €10 | +€10 | |
| Financial charges | 65/66B | €5,328 | €4,434 | -€894 | -16.8% |
| Recurring financial charges | 65 | €5,328 | €4,434 | -€894 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €357,097 | €371,049 | +€13,953 | +3.9% |
| Income taxes | 67/77 | €84,689 | €89,353 | +€4,663 | +5.5% |
| Profit (loss) for the period | 9904 | €272,408 | €281,697 | +€9,289 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €272,408 | €281,697 | +€9,289 | +3.4% |
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 3 October 2026 via checked.be.