CDHA: 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.
CDHA
Largest movements
- Financial fixed assets +€395,000
new in 2025: €395,000
- Cash +€21,370
up €21,370 (+30.4%), from €70,397 to €91,767
mainly Debts after one year (+€329,780) and Current portion of long-term debt (+€38,858)
- Receivables within one year -€16,158
down €16,158 (-94.1%), from €17,179 to €1,021
of which Trade receivables: -€10,249
- Debts after one year +€329,780
new in 2025: €329,780
of which Financial debts: +€250,780
- Current portion of long-term debt +€38,858
new in 2025: €38,858
- Reserves +€33,987
up €33,987 (+45.7%), from €74,351 to €108,337
- Trade debts +€5,515
up €5,515 (+286.8%), from €1,923 to €7,439
- Other debts -€5,354
down €5,354 (-68.7%), from €7,798 to €2,445
- Gross operating margin -€7,662
down €7,662 (-13.1%), from €58,380 to €50,718
- Financial charges +€1,719
up €1,719 (+96.1%), from €1,789 to €3,508
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 | €91,122 | €494,883 | +€403,761 | +443.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,036 | €396,816 | +€395,779 | +38186.4% |
| Tangible fixed assets | 22/27 | €1,036 | €1,816 | +€779 | +75.2% |
| Furniture and vehicles | 24 | €1,036 | €1,816 | +€779 | +75.2% |
| Financial fixed assets | 28 | - | €395,000 | +€395,000 | |
| Current assets | 29/58 | €90,086 | €98,067 | +€7,981 | +8.9% |
| Amounts receivable within one year | 40/41 | €17,179 | €1,021 | -€16,158 | -94.1% |
| Trade receivables | 40 | €10,249 | - | -€10,249 | |
| Other amounts receivable | 41 | €6,930 | €1,021 | -€5,909 | -85.3% |
| Current investments | 50/53 | - | €2,750 | +€2,750 | |
| Cash at bank and in hand | 54/58 | €70,397 | €91,767 | +€21,370 | +30.4% |
| Deferred charges and accrued income | 490/1 | €2,510 | €2,529 | +€20 | +0.8% |
| Total equity and liabilities | 10/49 | €91,122 | €494,883 | +€403,761 | +443.1% |
| Equity | 10/15 | €77,351 | €111,337 | +€33,987 | +43.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €74,351 | €108,337 | +€33,987 | +45.7% |
| Distributable reserves | 133 | €74,351 | €108,337 | +€33,987 | +45.7% |
| Amounts payable | 17/49 | €13,771 | €383,545 | +€369,774 | +2685.1% |
| Amounts payable after more than one year | 17 | - | €329,780 | +€329,780 | |
| Financial debts | 170/4 | - | €250,780 | +€250,780 | |
| Other amounts payable | 178/9 | - | €79,000 | +€79,000 | |
| Amounts payable within one year | 42/48 | €13,771 | €52,791 | +€39,019 | +283.3% |
| Current portion of amounts payable after more than one year | 42 | - | €38,858 | +€38,858 | |
| Trade debts | 44 | €1,923 | €7,439 | +€5,515 | +286.8% |
| Suppliers | 440/4 | €1,923 | €7,439 | +€5,515 | +286.8% |
| Taxes, remuneration and social security | 45 | €4,050 | €4,050 | = | 0.0% |
| Taxes | 450/3 | €4,050 | €4,050 | = | 0.0% |
| Other amounts payable | 47/48 | €7,798 | €2,445 | -€5,354 | -68.7% |
| Accrued charges and deferred income | 492/3 | - | €974 | +€974 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €362 | €550 | +€188 | +52.0% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €58,380 | €50,718 | -€7,662 | -13.1% |
| Operating profit (loss) | 9901 | €57,346 | €49,474 | -€7,872 | -13.7% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,789 | €3,508 | +€1,719 | +96.1% |
| Recurring financial charges | 65 | €1,789 | €3,508 | +€1,719 | +96.1% |
| Profit (loss) for the period before taxes | 9903 | €55,563 | €45,966 | -€9,597 | -17.3% |
| Income taxes | 67/77 | €11,434 | €11,979 | +€545 | +4.8% |
| Profit (loss) for the period | 9904 | €44,129 | €33,987 | -€10,142 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,129 | €33,987 | -€10,142 | -23.0% |
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.