CDEL CONSULTING: 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.
CDEL CONSULTING
Largest movements
- Cash +€100,328
up €100,328 (+100.9%), from €99,432 to €199,761
mainly Net result for the year (+€81,568) and Depreciation (+€28,895)
- Tangible fixed assets -€28,895
down €28,895 (-60.4%), from €47,859 to €18,964
of which Other tangible fixed assets: -€21,411
- Receivables within one year -€16,255
down €16,255 (-29.7%), from €54,716 to €38,462
of which Trade receivables: -€23,024
- Receivables after one year +€11,535
new in 2025: €11,535
- Profit (loss) carried forward +€81,568
up €81,568 (+69.7%), from €116,987 to €198,554
- Debts after one year -€7,628
down €7,628 (-37.1%), from €20,559 to €12,931
- Tax, wage and social debts -€5,321
down €5,321 (-24.4%), from €21,829 to €16,509
of which Taxes: -€5,321
- Gross operating margin -€21,222
down €21,222 (-13.5%), from €157,298 to €136,076
- Depreciation +€20,535
up €20,535 (+245.6%), from €8,360 to €28,895
- Taxes -€9,394
down €9,394 (-28.8%), from €32,644 to €23,250
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 | €202,007 | €268,721 | +€66,714 | +33.0% |
| Fixed assets | 21/28 | €47,859 | €18,964 | -€28,895 | -60.4% |
| Tangible fixed assets | 22/27 | €47,859 | €18,964 | -€28,895 | -60.4% |
| Furniture and vehicles | 24 | €26,448 | €18,964 | -€7,483 | -28.3% |
| Other tangible fixed assets | 26 | €21,411 | €0 | -€21,411 | -100.0% |
| Current assets | 29/58 | €154,148 | €249,757 | +€95,608 | +62.0% |
| Amounts receivable after more than one year | 29 | - | €11,535 | +€11,535 | |
| Trade receivables | 290 | - | €11,535 | +€11,535 | |
| Amounts receivable within one year | 40/41 | €54,716 | €38,462 | -€16,255 | -29.7% |
| Trade receivables | 40 | €54,716 | €31,693 | -€23,024 | -42.1% |
| Other amounts receivable | 41 | €0 | €6,769 | +€6,769 | |
| Cash at bank and in hand | 54/58 | €99,432 | €199,761 | +€100,328 | +100.9% |
| Total equity and liabilities | 10/49 | €202,007 | €268,721 | +€66,714 | +33.0% |
| Equity | 10/15 | €149,987 | €231,554 | +€81,568 | +54.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,987 | €198,554 | +€81,568 | +69.7% |
| Amounts payable | 17/49 | €52,021 | €37,167 | -€14,854 | -28.6% |
| Amounts payable after more than one year | 17 | €20,559 | €12,931 | -€7,628 | -37.1% |
| Financial debts | 170/4 | €20,559 | €12,931 | -€7,628 | -37.1% |
| Amounts payable within one year | 42/48 | €31,461 | €24,236 | -€7,226 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €7,236 | €7,628 | +€392 | +5.4% |
| Trade debts | 44 | €1,395 | €0 | -€1,395 | -100.0% |
| Suppliers | 440/4 | €1,395 | - | -€1,395 | |
| Taxes, remuneration and social security | 45 | €21,829 | €16,509 | -€5,321 | -24.4% |
| Taxes | 450/3 | €21,829 | €16,509 | -€5,321 | -24.4% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,001 | €99 | -€902 | -90.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,360 | €28,895 | +€20,535 | +245.6% |
| Other operating charges | 640/8 | €1,158 | €1,211 | +€53 | +4.6% |
| Gross operating margin | 9900 | €157,298 | €136,076 | -€21,222 | -13.5% |
| Operating profit (loss) | 9901 | €147,780 | €105,970 | -€41,810 | -28.3% |
| Financial income | 75/76B | €4 | €313 | +€308 | +7635.9% |
| Recurring financial income | 75 | €4 | €313 | +€308 | +7635.9% |
| Financial charges | 65/66B | €1,905 | €1,465 | -€440 | -23.1% |
| Recurring financial charges | 65 | €1,905 | €1,465 | -€440 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €145,879 | €104,818 | -€41,062 | -28.1% |
| Income taxes | 67/77 | €32,644 | €23,250 | -€9,394 | -28.8% |
| Profit (loss) for the period | 9904 | €113,235 | €81,568 | -€31,667 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113,235 | €81,568 | -€31,667 | -28.0% |
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 4 October 2026 via checked.be.