CDCO CONCEPT: 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.
CDCO CONCEPT
Largest movements
- Deferred charges and accrued income +€26,458
up €26,458 (+745%), from €3,550 to €30,008
- Cash +€14,662
up €14,662 (+30.3%), from €48,439 to €63,101
mainly Net result for the year (+€24,359) and Tax, wage and social debts (+€13,306)
- Tangible fixed assets -€8,918
down €8,918 (-73.1%), from €12,196 to €3,278
- Receivables within one year -€5,392
down €5,392 (-13.9%), from €38,729 to €33,337
of which Trade receivables: -€5,158
- Reserves +€24,000
up €24,000 (+42.1%), from €57,000 to €81,000
of which Distributable reserves: +€24,000
- Tax, wage and social debts +€13,306
up €13,306 (+133%), from €10,024 to €23,330
- Trade debts -€7,306
down €7,306 (-69.3%), from €10,545 to €3,239
- Other debts -€4,270
down €4,270 (-31.5%), from €13,549 to €9,279
- Gross operating margin +€7,447
up €7,447 (+18.7%), from €39,746 to €47,193
- Depreciation -€5,806
down €5,806 (-85.3%), from €6,808 to €1,002
- Taxes +€1,176
up €1,176 (+11.7%), from €10,024 to €11,200
- Financial charges +€1,091
up €1,091 (+503%), from €217 to €1,307
- Other operating charges +€835
up €835 (+9.8%), from €8,490 to €9,325
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 | €103,814 | €129,904 | +€26,089 | +25.1% |
| Fixed assets | 21/28 | €13,096 | €3,458 | -€9,638 | -73.6% |
| Tangible fixed assets | 22/27 | €12,196 | €3,278 | -€8,918 | -73.1% |
| Furniture and vehicles | 24 | €12,196 | €3,278 | -€8,918 | -73.1% |
| Financial fixed assets | 28 | €900 | €180 | -€720 | -80.0% |
| Current assets | 29/58 | €90,718 | €126,446 | +€35,728 | +39.4% |
| Amounts receivable within one year | 40/41 | €38,729 | €33,337 | -€5,392 | -13.9% |
| Trade receivables | 40 | €31,431 | €26,274 | -€5,158 | -16.4% |
| Other amounts receivable | 41 | €7,298 | €7,064 | -€234 | -3.2% |
| Cash at bank and in hand | 54/58 | €48,439 | €63,101 | +€14,662 | +30.3% |
| Deferred charges and accrued income | 490/1 | €3,550 | €30,008 | +€26,458 | +745% |
| Total equity and liabilities | 10/49 | €103,814 | €129,904 | +€26,089 | +25.1% |
| Equity | 10/15 | €69,697 | €94,056 | +€24,359 | +35.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,000 | €81,000 | +€24,000 | +42.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €55,000 | €79,000 | +€24,000 | +43.6% |
| Profit (loss) carried forward | 14 | €297 | €656 | +€359 | +121% |
| Amounts payable | 17/49 | €34,118 | €35,848 | +€1,730 | +5.1% |
| Amounts payable within one year | 42/48 | €34,118 | €35,848 | +€1,730 | +5.1% |
| Trade debts | 44 | €10,545 | €3,239 | -€7,306 | -69.3% |
| Suppliers | 440/4 | €10,545 | €3,239 | -€7,306 | -69.3% |
| Taxes, remuneration and social security | 45 | €10,024 | €23,330 | +€13,306 | +133% |
| Taxes | 450/3 | €10,024 | €23,330 | +€13,306 | +133% |
| Other amounts payable | 47/48 | €13,549 | €9,279 | -€4,270 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,808 | €1,002 | -€5,806 | -85.3% |
| Other operating charges | 640/8 | €8,490 | €9,325 | +€835 | +9.8% |
| Gross operating margin | 9900 | €39,746 | €47,193 | +€7,447 | +18.7% |
| Operating profit (loss) | 9901 | €24,447 | €36,866 | +€12,419 | +50.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €217 | €1,307 | +€1,091 | +503% |
| Recurring financial charges | 65 | €217 | €1,307 | +€1,091 | +503% |
| Profit (loss) for the period before taxes | 9903 | €24,230 | €35,559 | +€11,329 | +46.8% |
| Income taxes | 67/77 | €10,024 | €11,200 | +€1,176 | +11.7% |
| Profit (loss) for the period | 9904 | €14,207 | €24,359 | +€10,153 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,207 | €24,359 | +€10,153 | +71.5% |
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 16 October 2026 via checked.be.