CDDL: 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.
CDDL
Largest movements
- Tangible fixed assets -€31,634
down €31,634 (-6.1%), from €518,860 to €487,226
of which Plant, machinery and equipment: -€35,678
- Stocks and contracts +€8,531
up €8,531 (+103%), from €8,291 to €16,823
- Receivables within one year -€7,399
down €7,399 (-50.2%), from €14,745 to €7,345
of which Trade receivables: -€6,886
- Debts after one year -€49,781
down €49,781 (-16.1%), from €309,900 to €260,119
- Profit (loss) carried forward +€32,681
up €32,681 (+20.0%), from €163,452 to €196,133
- Trade debts -€22,883
down €22,883 (-61.2%), from €37,401 to €14,518
- Current portion of long-term debt +€7,844
up €7,844 (+13.1%), from €60,057 to €67,901
- Staff costs +€22,439
up €22,439 (+15.2%), from €148,081 to €170,520
- Gross operating margin +€17,852
up €17,852 (+6.4%), from €277,699 to €295,550
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 | €595,536 | €565,712 | -€29,824 | -5.0% |
| Fixed assets | 21/28 | €518,860 | €487,226 | -€31,634 | -6.1% |
| Tangible fixed assets | 22/27 | €518,860 | €487,226 | -€31,634 | -6.1% |
| Land and buildings | 22 | €393,032 | €381,680 | -€11,352 | -2.9% |
| Plant, machinery and equipment | 23 | €117,611 | €81,932 | -€35,678 | -30.3% |
| Furniture and vehicles | 24 | €8,217 | €23,614 | +€15,397 | +187% |
| Current assets | 29/58 | €76,676 | €78,486 | +€1,810 | +2.4% |
| Stocks and contracts in progress | 3 | €8,291 | €16,823 | +€8,531 | +103% |
| Stocks | 30/36 | €8,291 | €16,823 | +€8,531 | +103% |
| Amounts receivable within one year | 40/41 | €14,745 | €7,345 | -€7,399 | -50.2% |
| Trade receivables | 40 | €11,255 | €4,369 | -€6,886 | -61.2% |
| Other amounts receivable | 41 | €3,490 | €2,976 | -€513 | -14.7% |
| Cash at bank and in hand | 54/58 | €48,763 | €49,804 | +€1,042 | +2.1% |
| Deferred charges and accrued income | 490/1 | €4,877 | €4,514 | -€363 | -7.4% |
| Total equity and liabilities | 10/49 | €595,536 | €565,712 | -€29,824 | -5.0% |
| Equity | 10/15 | €172,312 | €204,993 | +€32,681 | +19.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,452 | €196,133 | +€32,681 | +20.0% |
| Amounts payable | 17/49 | €423,224 | €360,719 | -€62,505 | -14.8% |
| Amounts payable after more than one year | 17 | €309,900 | €260,119 | -€49,781 | -16.1% |
| Financial debts | 170/4 | €309,900 | €260,119 | -€49,781 | -16.1% |
| Amounts payable within one year | 42/48 | €113,324 | €100,600 | -€12,724 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €60,057 | €67,901 | +€7,844 | +13.1% |
| Financial debts | 43 | €1,170 | €1,410 | +€239 | +20.4% |
| Credit institutions | 430/8 | €1,170 | €146 | -€1,024 | -87.5% |
| Other loans | 439 | - | €1,263 | +€1,263 | |
| Trade debts | 44 | €37,401 | €14,518 | -€22,883 | -61.2% |
| Suppliers | 440/4 | €37,401 | €14,518 | -€22,883 | -61.2% |
| Taxes, remuneration and social security | 45 | €14,335 | €16,163 | +€1,828 | +12.8% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €14,335 | €16,163 | +€1,828 | +12.8% |
| Other amounts payable | 47/48 | €361 | €609 | +€249 | +69.0% |
| Remuneration, social security and pensions | 62 | €148,081 | €170,520 | +€22,439 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,754 | €66,194 | +€2,440 | +3.8% |
| Other operating charges | 640/8 | €4,816 | €2,484 | -€2,331 | -48.4% |
| Gross operating margin | 9900 | €277,699 | €295,550 | +€17,852 | +6.4% |
| Operating profit (loss) | 9901 | €61,048 | €56,353 | -€4,695 | -7.7% |
| Financial income | 75/76B | €120 | €307 | +€187 | +156% |
| Recurring financial income | 75 | €120 | €307 | +€187 | +156% |
| Financial charges | 65/66B | €12,305 | €11,569 | -€736 | -6.0% |
| Recurring financial charges | 65 | €12,305 | €11,569 | -€736 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €48,863 | €45,090 | -€3,772 | -7.7% |
| Income taxes | 67/77 | €13,987 | €12,410 | -€1,578 | -11.3% |
| Profit (loss) for the period | 9904 | €34,875 | €32,681 | -€2,195 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,875 | €32,681 | -€2,195 | -6.3% |
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 15 October 2026 via checked.be.