CDE2: 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.
CDE2
Largest movements
- Tangible fixed assets +€44,621
new in 2025: €44,621
- Cash +€27,290
up €27,290 (+62.5%), from €43,642 to €70,932
mainly Tax, wage and social debts (+€38,538) and Net result for the year (+€27,454)
- Receivables within one year +€10,649
up €10,649 (+132.8%), from €8,016 to €18,665
of which Trade receivables: +€10,471
- Tax, wage and social debts +€38,538
up €38,538 (+1571.7%), from €2,452 to €40,990
of which Remuneration and social security: +€31,300
- Debts after one year +€17,856
new in 2025: €17,856
- Current portion of long-term debt +€11,616
new in 2025: €11,616
- Profit (loss) carried forward +€9,454
up €9,454 (+105.7%), from €8,945 to €18,399
- Other debts +€2,954
up €2,954 (+88.8%), from €3,325 to €6,279
- Gross operating margin +€13,227
up €13,227 (+41.5%), from €31,885 to €45,112
- Other operating charges +€8,555
up €8,555 (+3579.5%), from €239 to €8,794
- Depreciation +€4,056
new in 2025: €4,056
- Financial charges +€2,546
up €2,546 (+1035.0%), from €246 to €2,792
- Provisions -€1,621
down €1,621 (-59.8%), from €2,710 to €1,089
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 | €51,778 | €134,338 | +€82,560 | +159.4% |
| Fixed assets | 21/28 | €120 | €44,741 | +€44,621 | +37184.2% |
| Tangible fixed assets | 22/27 | - | €44,621 | +€44,621 | |
| Furniture and vehicles | 24 | - | €44,621 | +€44,621 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €51,658 | €89,597 | +€37,939 | +73.4% |
| Amounts receivable within one year | 40/41 | €8,016 | €18,665 | +€10,649 | +132.8% |
| Trade receivables | 40 | €8,016 | €18,487 | +€10,471 | +130.6% |
| Other amounts receivable | 41 | - | €178 | +€178 | |
| Cash at bank and in hand | 54/58 | €43,642 | €70,932 | +€27,290 | +62.5% |
| Total equity and liabilities | 10/49 | €51,778 | €134,338 | +€82,560 | +159.4% |
| Equity | 10/15 | €27,545 | €36,999 | +€9,454 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,945 | €18,399 | +€9,454 | +105.7% |
| Amounts payable | 17/49 | €24,233 | €97,339 | +€73,106 | +301.7% |
| Amounts payable after more than one year | 17 | - | €17,856 | +€17,856 | |
| Financial debts | 170/4 | - | €17,856 | +€17,856 | |
| Amounts payable within one year | 42/48 | €16,983 | €72,233 | +€55,250 | +325.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,616 | +€11,616 | |
| Trade debts | 44 | €11,206 | €13,348 | +€2,142 | +19.1% |
| Suppliers | 440/4 | €11,206 | €13,348 | +€2,142 | +19.1% |
| Taxes, remuneration and social security | 45 | €2,452 | €40,990 | +€38,538 | +1571.7% |
| Taxes | 450/3 | €2,452 | €9,690 | +€7,238 | +295.2% |
| Remuneration and social security | 454/9 | - | €31,300 | +€31,300 | |
| Other amounts payable | 47/48 | €3,325 | €6,279 | +€2,954 | +88.8% |
| Accrued charges and deferred income | 492/3 | €7,250 | €7,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,056 | +€4,056 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,710 | €1,089 | -€1,621 | -59.8% |
| Other operating charges | 640/8 | €239 | €8,794 | +€8,555 | +3579.5% |
| Gross operating margin | 9900 | €31,885 | €45,112 | +€13,227 | +41.5% |
| Operating profit (loss) | 9901 | €28,936 | €31,173 | +€2,237 | +7.7% |
| Financial charges | 65/66B | €246 | €2,792 | +€2,546 | +1035.0% |
| Recurring financial charges | 65 | €246 | €2,792 | +€2,546 | +1035.0% |
| Profit (loss) for the period before taxes | 9903 | €28,690 | €28,381 | -€309 | -1.1% |
| Income taxes | 67/77 | €1,895 | €927 | -€968 | -51.1% |
| Profit (loss) for the period | 9904 | €26,795 | €27,454 | +€659 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,795 | €27,454 | +€659 | +2.5% |
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 7 October 2026 via checked.be.