CDG SERVICES: what changed
Two financial 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 SERVICES
Largest movements
- Cash -€54,907
down €54,907 (-42.7%), from €128,503 to €73,597
mainly Contributions, distributions and other (-€179,818) and Investment in fixed assets (net) (-€46,311)
- Receivables within one year +€36,339
up €36,339 (+51.1%), from €71,167 to €107,507
of which Trade receivables: +€38,060
- Current investments -€25,000
down €25,000 (-100%), from €25,000 to €0
- Tangible fixed assets +€20,290
up €20,290 (+20.1%), from €100,831 to €121,121
of which Other tangible fixed assets: +€35,048
- Deferred charges and accrued income +€3,804
up €3,804 (+119%), from €3,198 to €7,002
- Other debts +€57,841
up €57,841 (+52.6%), from €109,869 to €167,710
- Tax, wage and social debts -€26,736
down €26,736 (-40.7%), from €65,771 to €39,035
of which Taxes: -€28,741
- Reserves -€21,818
down €21,818 (-68.3%), from €31,937 to €10,119
- Debts after one year -€17,536
down €17,536 (-42.5%), from €41,264 to €23,728
- Trade debts -€10,723
down €10,723 (-25.3%), from €42,429 to €31,707
- Gross operating margin +€63,277
up €63,277 (+25.2%), from €251,491 to €314,769
- Taxes +€23,606
up €23,606 (+65.6%), from €36,000 to €59,606
- Staff costs -€13,770
down €13,770 (-17.1%), from €80,695 to €66,925
- Depreciation +€6,921
up €6,921 (+36.2%), from €19,101 to €26,021
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.
Derived cash bridge
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 | €328,699 | €309,225 | -€19,474 | -5.9% |
| Fixed assets | 21/28 | €100,831 | €121,121 | +€20,290 | +20.1% |
| Tangible fixed assets | 22/27 | €100,831 | €121,121 | +€20,290 | +20.1% |
| Land and buildings | 22 | €963 | €613 | -€350 | -36.4% |
| Plant, machinery and equipment | 23 | €26,991 | €28,962 | +€1,971 | +7.3% |
| Furniture and vehicles | 24 | €64,849 | €48,470 | -€16,379 | -25.3% |
| Other tangible fixed assets | 26 | €8,028 | €43,076 | +€35,048 | +437% |
| Current assets | 29/58 | €227,868 | €188,105 | -€39,764 | -17.5% |
| Amounts receivable within one year | 40/41 | €71,167 | €107,507 | +€36,339 | +51.1% |
| Trade receivables | 40 | €69,104 | €107,164 | +€38,060 | +55.1% |
| Other amounts receivable | 41 | €2,063 | €342 | -€1,721 | -83.4% |
| Current investments | 50/53 | €25,000 | €0 | -€25,000 | -100% |
| Cash at bank and in hand | 54/58 | €128,503 | €73,597 | -€54,907 | -42.7% |
| Deferred charges and accrued income | 490/1 | €3,198 | €7,002 | +€3,804 | +119% |
| Total equity and liabilities | 10/49 | €328,699 | €309,225 | -€19,474 | -5.9% |
| Equity | 10/15 | €51,819 | €28,964 | -€22,855 | -44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €31,937 | €10,119 | -€21,818 | -68.3% |
| Distributable reserves | 133 | €31,937 | €10,119 | -€21,818 | -68.3% |
| Profit (loss) carried forward | 14 | €1,282 | €245 | -€1,037 | -80.9% |
| Amounts payable | 17/49 | €276,880 | €280,261 | +€3,381 | +1.2% |
| Amounts payable after more than one year | 17 | €41,264 | €23,728 | -€17,536 | -42.5% |
| Financial debts | 170/4 | €41,264 | €23,728 | -€17,536 | -42.5% |
| Amounts payable within one year | 42/48 | €235,616 | €256,533 | +€20,917 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €16,860 | €18,082 | +€1,223 | +7.3% |
| Financial debts | 43 | €687 | €0 | -€687 | -100% |
| Credit institutions | 430/8 | €687 | €0 | -€687 | -100% |
| Trade debts | 44 | €42,429 | €31,707 | -€10,723 | -25.3% |
| Suppliers | 440/4 | €42,429 | €31,707 | -€10,723 | -25.3% |
| Taxes, remuneration and social security | 45 | €65,771 | €39,035 | -€26,736 | -40.7% |
| Taxes | 450/3 | €56,961 | €28,220 | -€28,741 | -50.5% |
| Remuneration and social security | 454/9 | €8,811 | €10,815 | +€2,004 | +22.7% |
| Other amounts payable | 47/48 | €109,869 | €167,710 | +€57,841 | +52.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €80,695 | €66,925 | -€13,770 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,101 | €26,021 | +€6,921 | +36.2% |
| Other operating charges | 640/8 | €4,019 | €2,537 | -€1,482 | -36.9% |
| Non-recurring operating charges | 66A | €1,971 | €0 | -€1,971 | -100% |
| Gross operating margin | 9900 | €251,491 | €314,769 | +€63,277 | +25.2% |
| Operating profit (loss) | 9901 | €145,705 | €219,285 | +€73,581 | +50.5% |
| Financial income | 75/76B | €1 | €16 | +€15 | +1,437% |
| Recurring financial income | 75 | €1 | €16 | +€15 | +1,437% |
| Financial charges | 65/66B | €2,118 | €2,732 | +€614 | +29.0% |
| Recurring financial charges | 65 | €2,118 | €2,732 | +€614 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €143,587 | €216,569 | +€72,982 | +50.8% |
| Income taxes | 67/77 | €36,000 | €59,606 | +€23,606 | +65.6% |
| Profit (loss) for the period | 9904 | €107,587 | €156,963 | +€49,376 | +45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,587 | €156,963 | +€49,376 | +45.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.