CDCS: 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.
CDCS
Largest movements
- Cash -€93,767
down €93,767 (-52.5%), from €178,770 to €85,003
mainly Contributions, distributions and other (-€317,332) and Receivables within one year (-€79,492)
- Receivables within one year +€79,492
up €79,492 (+169%), from €46,901 to €126,393
of which Trade receivables: +€101,492
- Profit (loss) carried forward -€163,828
down €163,828 (-47.9%), from €341,869 to €178,041
- Other debts +€136,591
up €136,591 (+466%), from €29,285 to €165,876
- Tax, wage and social debts +€6,363
up €6,363 (+66.0%), from €9,645 to €16,008
- Accrued charges and deferred income +€5,929
up €5,929 (+387%), from €1,530 to €7,459
- Gross operating margin +€57,486
up €57,486 (+36.8%), from €156,253 to €213,739
- Taxes +€22,329
up €22,329 (+73.4%), from €30,441 to €52,770
- Financial charges +€5,951
up €5,951 (+359%), from €1,658 to €7,609
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 | €401,446 | €386,542 | -€14,904 | -3.7% |
| Fixed assets | 21/28 | €175,623 | €175,146 | -€477 | -0.3% |
| Tangible fixed assets | 22/27 | €894 | €417 | -€477 | -53.3% |
| Furniture and vehicles | 24 | €894 | €417 | -€477 | -53.3% |
| Financial fixed assets | 28 | €174,729 | €174,729 | = | 0.0% |
| Current assets | 29/58 | €225,823 | €211,396 | -€14,427 | -6.4% |
| Amounts receivable within one year | 40/41 | €46,901 | €126,393 | +€79,492 | +169% |
| Trade receivables | 40 | €24,901 | €126,393 | +€101,492 | +408% |
| Other amounts receivable | 41 | €22,000 | €0 | -€22,000 | -100% |
| Cash at bank and in hand | 54/58 | €178,770 | €85,003 | -€93,767 | -52.5% |
| Deferred charges and accrued income | 490/1 | €152 | €0 | -€152 | -100% |
| Total equity and liabilities | 10/49 | €401,446 | €386,542 | -€14,904 | -3.7% |
| Equity | 10/15 | €360,469 | €196,641 | -€163,828 | -45.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €341,869 | €178,041 | -€163,828 | -47.9% |
| Amounts payable | 17/49 | €40,977 | €189,901 | +€148,924 | +363% |
| Amounts payable within one year | 42/48 | €39,447 | €182,443 | +€142,996 | +363% |
| Trade debts | 44 | €517 | €559 | +€42 | +8.1% |
| Suppliers | 440/4 | €517 | €559 | +€42 | +8.1% |
| Taxes, remuneration and social security | 45 | €9,645 | €16,008 | +€6,363 | +66.0% |
| Taxes | 450/3 | €9,645 | €16,008 | +€6,363 | +66.0% |
| Other amounts payable | 47/48 | €29,285 | €165,876 | +€136,591 | +466% |
| Accrued charges and deferred income | 492/3 | €1,530 | €7,459 | +€5,929 | +387% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €472 | €477 | +€5 | +1.0% |
| Other operating charges | 640/8 | €757 | €811 | +€53 | +7.0% |
| Gross operating margin | 9900 | €156,253 | €213,739 | +€57,486 | +36.8% |
| Operating profit (loss) | 9901 | €155,024 | €212,452 | +€57,428 | +37.0% |
| Financial income | 75/76B | €752 | €1,432 | +€680 | +90.5% |
| Recurring financial income | 75 | €752 | €1,432 | +€680 | +90.5% |
| Financial charges | 65/66B | €1,658 | €7,609 | +€5,951 | +359% |
| Recurring financial charges | 65 | €1,658 | €7,609 | +€5,951 | +359% |
| Profit (loss) for the period before taxes | 9903 | €154,118 | €206,275 | +€52,157 | +33.8% |
| Income taxes | 67/77 | €30,441 | €52,770 | +€22,329 | +73.4% |
| Profit (loss) for the period | 9904 | €123,676 | €153,505 | +€29,828 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €123,676 | €153,505 | +€29,828 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.