CDCR: 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.
CDCR
Largest movements
- Cash +€30,570
up €30,570 (+21.4%), from €142,605 to €173,174
mainly Other debts (+€64,935) and Net result for the year (+€55,960)
- Receivables within one year +€7,287
up €7,287 (+56.5%), from €12,887 to €20,174
of which Trade receivables: +€3,963
- Other debts +€64,935
up €64,935 (+60.4%), from €107,460 to €172,395
- Profit (loss) carried forward -€27,059
no longer reported in 2025 (was €27,059)
- Tax, wage and social debts -€4,695
down €4,695 (-20.5%), from €22,892 to €18,197
of which Taxes: -€7,085
- Trade debts +€2,918
up €2,918 (+141.6%), from €2,061 to €4,978
- Gross operating margin +€19,563
up €19,563 (+36.4%), from €53,675 to €73,238
- Taxes +€4,074
up €4,074 (+38.4%), from €10,601 to €14,675
- Depreciation -€2,237
down €2,237 (-54.1%), from €4,138 to €1,900
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 | €159,971 | €196,070 | +€36,099 | +22.6% |
| Fixed assets | 21/28 | €3,757 | €1,857 | -€1,900 | -50.6% |
| Tangible fixed assets | 22/27 | €3,757 | €1,857 | -€1,900 | -50.6% |
| Plant, machinery and equipment | 23 | €1,193 | €542 | -€651 | -54.5% |
| Furniture and vehicles | 24 | €2,564 | €1,315 | -€1,250 | -48.7% |
| Current assets | 29/58 | €156,214 | €194,213 | +€37,999 | +24.3% |
| Amounts receivable within one year | 40/41 | €12,887 | €20,174 | +€7,287 | +56.5% |
| Trade receivables | 40 | €12,887 | €16,850 | +€3,963 | +30.7% |
| Other amounts receivable | 41 | - | €3,325 | +€3,325 | |
| Cash at bank and in hand | 54/58 | €142,605 | €173,174 | +€30,570 | +21.4% |
| Deferred charges and accrued income | 490/1 | €722 | €864 | +€142 | +19.7% |
| Total equity and liabilities | 10/49 | €159,971 | €196,070 | +€36,099 | +22.6% |
| Equity | 10/15 | €27,559 | €500 | -€27,059 | -98.2% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,059 | - | -€27,059 | |
| Amounts payable | 17/49 | €132,413 | €195,570 | +€63,157 | +47.7% |
| Amounts payable within one year | 42/48 | €132,413 | €195,570 | +€63,157 | +47.7% |
| Trade debts | 44 | €2,061 | €4,978 | +€2,918 | +141.6% |
| Suppliers | 440/4 | €2,061 | €4,978 | +€2,918 | +141.6% |
| Taxes, remuneration and social security | 45 | €22,892 | €18,197 | -€4,695 | -20.5% |
| Taxes | 450/3 | €22,892 | €15,807 | -€7,085 | -31.0% |
| Remuneration and social security | 454/9 | - | €2,390 | +€2,390 | |
| Other amounts payable | 47/48 | €107,460 | €172,395 | +€64,935 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,138 | €1,900 | -€2,237 | -54.1% |
| Other operating charges | 640/8 | €126 | €529 | +€402 | +318.5% |
| Gross operating margin | 9900 | €53,675 | €73,238 | +€19,563 | +36.4% |
| Operating profit (loss) | 9901 | €49,411 | €70,809 | +€21,398 | +43.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €153 | €174 | +€22 | +14.3% |
| Recurring financial charges | 65 | €153 | €174 | +€22 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €49,259 | €70,636 | +€21,377 | +43.4% |
| Income taxes | 67/77 | €10,601 | €14,675 | +€4,074 | +38.4% |
| Profit (loss) for the period | 9904 | €38,657 | €55,960 | +€17,303 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,657 | €55,960 | +€17,303 | +44.8% |
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 9 October 2026 via checked.be.