CDD INVEST: what changed
What changed
CDD INVEST
filed annual accounts (NBB)
Net result for the year
-€118,474
2024 · -€37,426-€81,048
Equity
-€487,759
2024 · -€369,285-€118,474
Cash
€883
2024 · €3,434-€2,552
Balance sheet total
€1.5m
2024 · €1.6m-€183,604
Largest movements
Assets
- Tangible fixed assets -€98,207
down €98,207 (-7.5%), from €1.3m to €1.2m
of which Land and buildings: -€114,100
- Receivables within one year -€79,873
down €79,873 (-25.6%), from €312,495 to €232,622
of which Trade receivables: -€99,922
Equity and liabilities
- Profit (loss) carried forward -€118,474
down €118,474 (-25.4%), from -€466,738 to -€585,212
- Debts after one year -€89,788
down €89,788 (-5.5%), from €1.6m to €1.6m
of which Financial debts: -€109,788
- Current portion of long-term debt +€25,635
up €25,635 (+35.0%), from €73,185 to €98,820
- Other debts +€23,658
up €23,658 (+12.3%), from €192,303 to €215,961
- Trade debts -€21,879
down €21,879 (-27.1%), from €80,746 to €58,867
Income statement
- Gross operating margin -€99,926
down €99,926 (-49.3%), from €202,716 to €102,790
- Staff costs -€27,234
down €27,234 (-44.5%), from €61,137 to €33,902
- Other operating charges +€5,689
up €5,689 (+52.2%), from €10,892 to €16,581
- Depreciation +€5,280
up €5,280 (+4.1%), from €127,331 to €132,611
- Financial charges -€2,848
down €2,848 (-6.8%), from €41,635 to €38,786
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€37,426
Gross operating margin
-€99,926
Staff costs
+€27,234
Depreciation
-€5,280
Other operating charges
-€5,689
Financial income
-€235
Financial charges
+€2,848
Result 2025
-€118,474
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€96,006
Investment
-€34,404
Financing
-€64,153
Cash 2024
€3,434
From operations (derived)
+€96,006
Net result for the year
-€118,474
Depreciation
+€132,611
Receivables within one year
+€79,873
Deferred charges and accrued income
+€2,972
Trade debts
-€21,879
Tax, wage and social debts
-€1,765
Other debts
+€23,658
Accrued charges and deferred income
-€990
Investment (derived)
-€34,404
Investment in fixed assets (net)
-€34,404
Financing
-€64,153
Debts after one year
-€89,788
Current portion of long-term debt
+€25,635
Cash 2025
€883
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,635,930 | €1,452,327 | -€183,604 | -11.2% |
| Fixed assets | 21/28 | €1,316,850 | €1,218,643 | -€98,207 | -7.5% |
| Tangible fixed assets | 22/27 | €1,316,175 | €1,217,968 | -€98,207 | -7.5% |
| Land and buildings | 22 | €1,307,198 | €1,193,098 | -€114,100 | -8.7% |
| Plant, machinery and equipment | 23 | €2,144 | €13,592 | +€11,448 | +534% |
| Furniture and vehicles | 24 | €6,833 | €11,278 | +€4,445 | +65.0% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €319,080 | €233,684 | -€85,397 | -26.8% |
| Amounts receivable within one year | 40/41 | €312,495 | €232,622 | -€79,873 | -25.6% |
| Trade receivables | 40 | €136,965 | €37,043 | -€99,922 | -73.0% |
| Other amounts receivable | 41 | €175,530 | €195,579 | +€20,049 | +11.4% |
| Cash at bank and in hand | 54/58 | €3,434 | €883 | -€2,552 | -74.3% |
| Deferred charges and accrued income | 490/1 | €3,151 | €179 | -€2,972 | -94.3% |
| Total equity and liabilities | 10/49 | €1,635,930 | €1,452,327 | -€183,604 | -11.2% |
| Equity | 10/15 | -€369,285 | -€487,759 | -€118,474 | -32.1% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €7,453 | €7,453 | = | 0.0% |
| Distributable reserves | 133 | €7,453 | €7,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€466,738 | -€585,212 | -€118,474 | -25.4% |
| Amounts payable | 17/49 | €2,005,215 | €1,940,086 | -€65,130 | -3.2% |
| Amounts payable after more than one year | 17 | €1,647,209 | €1,557,422 | -€89,788 | -5.5% |
| Financial debts | 170/4 | €1,037,209 | €927,422 | -€109,788 | -10.6% |
| Other amounts payable | 178/9 | €610,000 | €630,000 | +€20,000 | +3.3% |
| Amounts payable within one year | 42/48 | €357,016 | €382,664 | +€25,648 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €73,185 | €98,820 | +€25,635 | +35.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €80,746 | €58,867 | -€21,879 | -27.1% |
| Suppliers | 440/4 | €80,746 | €58,867 | -€21,879 | -27.1% |
| Advances received on contracts in progress | 46 | €382 | €382 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,400 | €8,635 | -€1,765 | -17.0% |
| Taxes | 450/3 | €8,231 | €8,635 | +€404 | +4.9% |
| Remuneration and social security | 454/9 | €2,169 | €0 | -€2,169 | -100% |
| Other amounts payable | 47/48 | €192,303 | €215,961 | +€23,658 | +12.3% |
| Accrued charges and deferred income | 492/3 | €990 | €0 | -€990 | -100% |
| Remuneration, social security and pensions | 62 | €61,137 | €33,902 | -€27,234 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,331 | €132,611 | +€5,280 | +4.1% |
| Other operating charges | 640/8 | €10,892 | €16,581 | +€5,689 | +52.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €202,716 | €102,790 | -€99,926 | -49.3% |
| Operating profit (loss) | 9901 | €3,356 | -€80,305 | -€83,661 | |
| Financial income | 75/76B | €852 | €617 | -€235 | -27.6% |
| Recurring financial income | 75 | €852 | €617 | -€235 | -27.6% |
| Financial charges | 65/66B | €41,635 | €38,786 | -€2,848 | -6.8% |
| Recurring financial charges | 65 | €41,635 | €38,786 | -€2,848 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€37,426 | -€118,474 | -€81,048 | -217% |
| Profit (loss) for the period | 9904 | -€37,426 | -€118,474 | -€81,048 | -217% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,426 | -€118,474 | -€81,048 | -217% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.