CDH STUDIO: 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.
CDH STUDIO
Largest movements
- Stocks and contracts -€13,308
down €13,308 (-46.6%), from €28,563 to €15,255
- Receivables within one year -€2,366
down €2,366 (-87.0%), from €2,718 to €353
of which Other amounts receivable: -€2,366
- Deferred charges and accrued income -€1,971
down €1,971 (-100.0%), from €1,971 to €0
- Intangible fixed assets -€1,596
down €1,596 (-67.5%), from €2,364 to €768
- Profit (loss) carried forward -€53,577
down €53,577 (-50.3%), from -€106,515 to -€160,092
- Other debts +€41,368
up €41,368 (+48.3%), from €85,674 to €127,042
- Advances received -€14,517
down €14,517 (-89.9%), from €16,143 to €1,626
- Trade debts +€5,020
up €5,020 (+49.0%), from €10,254 to €15,274
- Tax, wage and social debts +€2,292
up €2,292 (+56.0%), from €4,092 to €6,385
of which Remuneration and social security: +€2,379
- Gross operating margin +€21,774
up €21,774 (+42.4%), from -€51,368 to -€29,594
- Staff costs +€15,417
up €15,417 (+381.8%), from €4,038 to €19,455
- Other operating charges +€1,427
up €1,427 (+1209.2%), from €118 to €1,545
- Financial charges +€830
up €830 (+177.0%), from €469 to €1,300
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 | €35,869 | €16,464 | -€19,405 | -54.1% |
| Fixed assets | 21/28 | €2,559 | €841 | -€1,718 | -67.1% |
| Intangible fixed assets | 21 | €2,364 | €768 | -€1,596 | -67.5% |
| Tangible fixed assets | 22/27 | €195 | €73 | -€122 | -62.7% |
| Plant, machinery and equipment | 23 | €88 | €32 | -€56 | -63.4% |
| Furniture and vehicles | 24 | €106 | €40 | -€66 | -62.1% |
| Current assets | 29/58 | €33,310 | €15,623 | -€17,687 | -53.1% |
| Stocks and contracts in progress | 3 | €28,563 | €15,255 | -€13,308 | -46.6% |
| Stocks | 30/36 | €28,563 | €15,255 | -€13,308 | -46.6% |
| Amounts receivable within one year | 40/41 | €2,718 | €353 | -€2,366 | -87.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,718 | €353 | -€2,366 | -87.0% |
| Current investments | 50/53 | - | €2 | +€2 | |
| Cash at bank and in hand | 54/58 | €58 | €13 | -€45 | -77.7% |
| Deferred charges and accrued income | 490/1 | €1,971 | €0 | -€1,971 | -100.0% |
| Total equity and liabilities | 10/49 | €35,869 | €16,464 | -€19,405 | -54.1% |
| Equity | 10/15 | -€81,515 | -€135,090 | -€53,575 | -65.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €2 | +€2 | |
| Non-distributable reserves | 130/1 | - | €2 | +€2 | |
| Own shares acquired | 1312 | - | €2 | +€2 | |
| Profit (loss) carried forward | 14 | -€106,515 | -€160,092 | -€53,577 | -50.3% |
| Amounts payable | 17/49 | €117,384 | €151,554 | +€34,170 | +29.1% |
| Amounts payable within one year | 42/48 | €117,384 | €151,534 | +€34,150 | +29.1% |
| Financial debts | 43 | €1,221 | €1,207 | -€14 | -1.1% |
| Credit institutions | 430/8 | €1,221 | €1,207 | -€14 | -1.1% |
| Trade debts | 44 | €10,254 | €15,274 | +€5,020 | +49.0% |
| Suppliers | 440/4 | €10,254 | €15,274 | +€5,020 | +49.0% |
| Advances received on contracts in progress | 46 | €16,143 | €1,626 | -€14,517 | -89.9% |
| Taxes, remuneration and social security | 45 | €4,092 | €6,385 | +€2,292 | +56.0% |
| Taxes | 450/3 | €4,092 | €4,005 | -€87 | -2.1% |
| Remuneration and social security | 454/9 | - | €2,379 | +€2,379 | |
| Other amounts payable | 47/48 | €85,674 | €127,042 | +€41,368 | +48.3% |
| Accrued charges and deferred income | 492/3 | €0 | €20 | +€20 | |
| Remuneration, social security and pensions | 62 | €4,038 | €19,455 | +€15,417 | +381.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,165 | €1,718 | -€447 | -20.7% |
| Other operating charges | 640/8 | €118 | €1,545 | +€1,427 | +1209.2% |
| Gross operating margin | 9900 | -€51,368 | -€29,594 | +€21,774 | +42.4% |
| Operating profit (loss) | 9901 | -€57,689 | -€52,312 | +€5,377 | +9.3% |
| Financial income | 75/76B | €0 | €37 | +€37 | +124200.0% |
| Recurring financial income | 75 | €0 | €37 | +€37 | +124200.0% |
| Financial charges | 65/66B | €469 | €1,300 | +€830 | +177.0% |
| Recurring financial charges | 65 | €469 | €1,300 | +€830 | +177.0% |
| Profit (loss) for the period before taxes | 9903 | -€58,158 | -€53,575 | +€4,584 | +7.9% |
| Profit (loss) for the period | 9904 | -€58,158 | -€53,575 | +€4,584 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,158 | -€53,575 | +€4,584 | +7.9% |
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 10 October 2026 via checked.be.