CDG DEVELOPMENT SA: 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.
CDG DEVELOPMENT SA
Largest movements
- Current investments +€230,670
up €230,670 (+98.5%), from €234,300 to €464,970
- Cash +€46,663
up €46,663 (+509.7%), from €9,156 to €55,819
mainly Net result for the year (+€574,050) and Tax, wage and social debts (+€57,400)
- Reserves +€414,500
up €414,500 (+19.5%), from €2.1m to €2.5m
of which Distributable reserves: +€414,500
- Other debts -€190,000
down €190,000 (-100.0%), from €190,000 to €0
- Tax, wage and social debts +€57,400
up €57,400 (+136.0%), from €42,200 to €99,600
- Financial charges -€26,663
down €26,663 (-64.1%), from -€41,593 to -€68,256
- Gross operating margin +€24,441
up €24,441 (+37.8%), from -€64,693 to -€40,252
- Financial income -€19,436
down €19,436 (-3.1%), from €626,716 to €607,280
- Taxes +€15,393
up €15,393 (+34.4%), from €44,703 to €60,095
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 | €3,076,126 | €3,359,959 | +€283,833 | +9.2% |
| Fixed assets | 21/28 | €2,832,671 | €2,839,171 | +€6,500 | +0.2% |
| Tangible fixed assets | 22/27 | €386,929 | €386,929 | = | 0.0% |
| Land and buildings | 22 | €386,929 | €386,929 | = | 0.0% |
| Financial fixed assets | 28 | €2,445,742 | €2,452,242 | +€6,500 | +0.3% |
| Current assets | 29/58 | €243,456 | €520,789 | +€277,333 | +113.9% |
| Current investments | 50/53 | €234,300 | €464,970 | +€230,670 | +98.5% |
| Cash at bank and in hand | 54/58 | €9,156 | €55,819 | +€46,663 | +509.7% |
| Total equity and liabilities | 10/49 | €3,076,126 | €3,359,959 | +€283,833 | +9.2% |
| Equity | 10/15 | €2,839,810 | €3,254,359 | +€414,550 | +14.6% |
| Contributions | 10/11 | €719,000 | €719,000 | = | 0.0% |
| Capital | 10 | €719,000 | €719,000 | = | 0.0% |
| Issued capital | 100 | €719,000 | €719,000 | = | 0.0% |
| Reserves | 13 | €2,120,700 | €2,535,200 | +€414,500 | +19.5% |
| Non-distributable reserves | 130/1 | €71,900 | €71,900 | = | 0.0% |
| Legal reserve | 130 | €71,900 | €71,900 | = | 0.0% |
| Distributable reserves | 133 | €2,048,800 | €2,463,300 | +€414,500 | +20.2% |
| Profit (loss) carried forward | 14 | €110 | €159 | +€50 | +45.3% |
| Amounts payable | 17/49 | €236,317 | €105,600 | -€130,717 | -55.3% |
| Amounts payable within one year | 42/48 | €232,542 | €99,600 | -€132,942 | -57.2% |
| Trade debts | 44 | €342 | €0 | -€342 | -100.0% |
| Suppliers | 440/4 | €342 | €0 | -€342 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,200 | €99,600 | +€57,400 | +136.0% |
| Taxes | 450/3 | €42,200 | €99,600 | +€57,400 | +136.0% |
| Other amounts payable | 47/48 | €190,000 | €0 | -€190,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,775 | €6,000 | +€2,225 | +59.0% |
| Other operating charges | 640/8 | €938 | €1,139 | +€201 | +21.4% |
| Gross operating margin | 9900 | -€64,693 | -€40,252 | +€24,441 | +37.8% |
| Operating profit (loss) | 9901 | -€65,631 | -€41,391 | +€24,240 | +36.9% |
| Financial income | 75/76B | €626,716 | €607,280 | -€19,436 | -3.1% |
| Recurring financial income | 75 | €626,716 | €607,280 | -€19,436 | -3.1% |
| Financial charges | 65/66B | -€41,593 | -€68,256 | -€26,663 | -64.1% |
| Recurring financial charges | 65 | -€41,593 | -€68,256 | -€26,663 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €602,678 | €634,145 | +€31,467 | +5.2% |
| Income taxes | 67/77 | €44,703 | €60,095 | +€15,393 | +34.4% |
| Profit (loss) for the period | 9904 | €557,975 | €574,050 | +€16,075 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €557,975 | €574,050 | +€16,075 | +2.9% |
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 30 September 2026 via checked.be.