CDF CONTRACTING: 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.
CDF CONTRACTING
Largest movements
- Receivables within one year +€58,739
up €58,739 (+77.3%), from €76,016 to €134,755
of which Trade receivables: +€38,522
- Tangible fixed assets -€8,467
down €8,467 (-4.6%), from €184,428 to €175,961
of which Other tangible fixed assets: -€6,849
- Trade debts +€26,503
up €26,503 (+505.3%), from €5,245 to €31,748
- Reserves +€25,793
up €25,793 (+33.7%), from €76,587 to €102,380
- Short-term financial debts +€11,673
up €11,673 (+157.6%), from €7,405 to €19,078
- Debts after one year -€11,443
down €11,443 (-7.6%), from €150,292 to €138,849
- Staff costs -€48,729
down €48,729 (-24.4%), from €199,340 to €150,611
- Gross operating margin -€20,177
down €20,177 (-8.5%), from €236,735 to €216,558
- Depreciation +€9,732
up €9,732 (+480.4%), from €2,026 to €11,758
- Financial charges +€5,496
up €5,496 (+96.4%), from €5,704 to €11,200
- Taxes +€4,800
up €4,800 (+46.5%), from €10,318 to €15,118
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 | €260,444 | €312,909 | +€52,465 | +20.1% |
| Fixed assets | 21/28 | €184,428 | €175,961 | -€8,467 | -4.6% |
| Tangible fixed assets | 22/27 | €184,428 | €175,961 | -€8,467 | -4.6% |
| Plant, machinery and equipment | 23 | - | €3,251 | +€3,251 | |
| Furniture and vehicles | 24 | €14,909 | €10,040 | -€4,869 | -32.7% |
| Other tangible fixed assets | 26 | €169,519 | €162,670 | -€6,849 | -4.0% |
| Current assets | 29/58 | €76,016 | €136,948 | +€60,932 | +80.2% |
| Amounts receivable within one year | 40/41 | €76,016 | €134,755 | +€58,739 | +77.3% |
| Trade receivables | 40 | €19,325 | €57,847 | +€38,522 | +199.3% |
| Other amounts receivable | 41 | €56,691 | €76,908 | +€20,217 | +35.7% |
| Cash at bank and in hand | 54/58 | - | €2,193 | +€2,193 | |
| Total equity and liabilities | 10/49 | €260,444 | €312,909 | +€52,465 | +20.1% |
| Equity | 10/15 | €79,587 | €105,380 | +€25,793 | +32.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €76,587 | €102,380 | +€25,793 | +33.7% |
| Distributable reserves | 133 | €76,587 | €102,380 | +€25,793 | +33.7% |
| Amounts payable | 17/49 | €180,857 | €207,529 | +€26,672 | +14.7% |
| Amounts payable after more than one year | 17 | €150,292 | €138,849 | -€11,443 | -7.6% |
| Financial debts | 170/4 | €150,292 | €138,849 | -€11,443 | -7.6% |
| Amounts payable within one year | 42/48 | €30,565 | €68,680 | +€38,115 | +124.7% |
| Current portion of amounts payable after more than one year | 42 | €10,988 | €11,443 | +€455 | +4.1% |
| Financial debts | 43 | €7,405 | €19,078 | +€11,673 | +157.6% |
| Credit institutions | 430/8 | €7,405 | €19,078 | +€11,673 | +157.6% |
| Trade debts | 44 | €5,245 | €31,748 | +€26,503 | +505.3% |
| Suppliers | 440/4 | €5,245 | €31,748 | +€26,503 | +505.3% |
| Taxes, remuneration and social security | 45 | €6,927 | €6,411 | -€516 | -7.4% |
| Taxes | 450/3 | €1,809 | €2,592 | +€783 | +43.3% |
| Remuneration and social security | 454/9 | €5,118 | €3,819 | -€1,299 | -25.4% |
| Remuneration, social security and pensions | 62 | €199,340 | €150,611 | -€48,729 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,026 | €11,758 | +€9,732 | +480.4% |
| Other operating charges | 640/8 | €3,726 | €5,583 | +€1,857 | +49.8% |
| Gross operating margin | 9900 | €236,735 | €216,558 | -€20,177 | -8.5% |
| Operating profit (loss) | 9901 | €31,643 | €48,606 | +€16,963 | +53.6% |
| Financial income | 75/76B | €2,469 | €3,505 | +€1,036 | +42.0% |
| Recurring financial income | 75 | €2,469 | €3,505 | +€1,036 | +42.0% |
| Financial charges | 65/66B | €5,704 | €11,200 | +€5,496 | +96.4% |
| Recurring financial charges | 65 | €5,704 | €11,200 | +€5,496 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €28,408 | €40,911 | +€12,503 | +44.0% |
| Income taxes | 67/77 | €10,318 | €15,118 | +€4,800 | +46.5% |
| Profit (loss) for the period | 9904 | €18,090 | €25,793 | +€7,703 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,090 | €25,793 | +€7,703 | +42.6% |
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.