CDG Projects: 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 Projects
Largest movements
- Cash +€532,365
up €532,365 (+6612.7%), from €8,051 to €540,416
mainly Other debts (+€469,850) and Receivables within one year (+€64,001)
- Receivables within one year -€64,001
down €64,001 (-98.8%), from €64,802 to €800
- Other debts +€469,850
up €469,850 (+136.2%), from €345,031 to €814,881
- Gross operating margin -€9,715
down €9,715, from €8,490 to -€1,224
- Financial income +€2,628
up €2,628 (+37546.1%), from €7 to €2,635
- Taxes -€1,058
down €1,058 (-100.0%), from €1,058 to €0
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 | €425,361 | €895,013 | +€469,652 | +110.4% |
| Fixed assets | 21/28 | €352,509 | €352,177 | -€332 | -0.1% |
| Tangible fixed assets | 22/27 | €659 | €327 | -€332 | -50.3% |
| Furniture and vehicles | 24 | €659 | €327 | -€332 | -50.3% |
| Financial fixed assets | 28 | €351,850 | €351,850 | = | 0.0% |
| Current assets | 29/58 | €72,852 | €542,836 | +€469,984 | +645.1% |
| Stocks and contracts in progress | 3 | - | €1,620 | +€1,620 | |
| Stocks | 30/36 | - | €1,620 | +€1,620 | |
| Amounts receivable within one year | 40/41 | €64,802 | €800 | -€64,001 | -98.8% |
| Other amounts receivable | 41 | €64,802 | €800 | -€64,001 | -98.8% |
| Cash at bank and in hand | 54/58 | €8,051 | €540,416 | +€532,365 | +6612.7% |
| Total equity and liabilities | 10/49 | €425,361 | €895,013 | +€469,652 | +110.4% |
| Equity | 10/15 | €79,950 | €79,849 | -€101 | -0.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €59,950 | €59,849 | -€101 | -0.2% |
| Distributable reserves | 133 | €59,950 | €59,849 | -€101 | -0.2% |
| Amounts payable | 17/49 | €345,411 | €815,164 | +€469,753 | +136.0% |
| Amounts payable within one year | 42/48 | €345,411 | €815,164 | +€469,753 | +136.0% |
| Trade debts | 44 | €381 | €284 | -€97 | -25.5% |
| Suppliers | 440/4 | €381 | €284 | -€97 | -25.5% |
| Other amounts payable | 47/48 | €345,031 | €814,881 | +€469,850 | +136.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332 | €332 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €8,490 | -€1,224 | -€9,715 | |
| Operating profit (loss) | 9901 | €7,709 | -€2,018 | -€9,727 | |
| Financial income | 75/76B | €7 | €2,635 | +€2,628 | +37546.1% |
| Recurring financial income | 75 | €7 | €2,635 | +€2,628 | +37546.1% |
| Financial charges | 65/66B | €746 | €719 | -€27 | -3.6% |
| Recurring financial charges | 65 | €746 | €719 | -€27 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €6,970 | -€101 | -€7,072 | |
| Income taxes | 67/77 | €1,058 | €0 | -€1,058 | -100.0% |
| Profit (loss) for the period | 9904 | €5,913 | -€101 | -€6,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,913 | -€101 | -€6,014 |
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.