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CDI: 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.

What changed

CDI

BE 0473.551.525
NACE 41.001, General construction of residential buildings
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€341,013
2023 · -€1.2m+€1.5m
Equity
€258,639
2023 · -€82,374+€341,013
Cash
€43,812
2023 · €52,760-€8,948
Balance sheet total
€3.4m
2023 · €2.6m+€760,624

Largest movements

2023 to 2024
Assets
  • Receivables within one year +€613,312

    up €613,312 (+46.0%), from €1.3m to €1.9m

    of which Trade receivables: +€659,541

  • Financial fixed assets +€233,389

    up €233,389 (+239.8%), from €97,344 to €330,733

  • Tangible fixed assets -€71,473

    down €71,473 (-6.4%), from €1.1m to €1.1m

    of which Plant, machinery and equipment: -€49,410

Equity and liabilities
  • Reserves +€1.0m

    up €1.0m (+103.9%), from €1.0m to €2.0m

    of which Tax-exempt reserves: +€1.0m

  • Profit (loss) carried forward -€700,908

    down €700,908 (-59.2%), from -€1.2m to -€1.9m

  • Other debts +€600,000

    new in 2024: €600,000

  • Short-term financial debts -€360,000

    down €360,000 (-85.1%), from €423,000 to €63,000

  • Debts after one year +€186,472

    up €186,472 (+25.1%), from €743,474 to €929,946

Income statement
  • Gross operating margin +€1.0m

    up €1.0m (+185.9%), from €558,962 to €1.6m

  • Turnover +€953,300

    up €953,300 (+30.2%), from €3.2m to €4.1m

  • Purchases and services +€936,200

    up €936,200 (+34.5%), from €2.7m to €3.6m

  • Financial charges -€250,933

    down €250,933 (-69.5%), from €361,262 to €110,329

    of which Non-recurring financial charges: -€312,939

  • Staff costs -€159,973

    down €159,973 (-12.4%), from €1.3m to €1.1m

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 -€1.2m
Gross operating margin +€1.0m
Staff costs +€159,973
Depreciation +€1,351
Write-downs -€3,141
Other operating charges +€10,319
Financial income +€56,588
Financial charges +€250,933
Taxes +€12,327
Result 2024 €341,013

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€500,530
Investment -€252,207
Financing -€257,271
Cash 2023 €52,760
Net result for the year +€341,013
Depreciation +€90,291
Receivables within one year -€613,312
Deferred charges and accrued income +€5,656
Trade debts -€42,042
Tax, wage and social debts +€118,924
Other debts +€600,000
Investment in fixed assets (net) -€252,207
Debts after one year +€186,472
Current portion of long-term debt -€83,743
Short-term financial debts -€360,000
Cash 2024 €43,812
Every line side by side 57 lines
Line Code 2023 2024 Change %
Total assets 20/58 €2,611,956 €3,372,580 +€760,624 +29.1%
Fixed assets 21/28 €1,219,371 €1,381,287 +€161,916 +13.3%
Tangible fixed assets 22/27 €1,122,027 €1,050,554 -€71,473 -6.4%
Land and buildings 22 €275,030 €260,874 -€14,156 -5.1%
Plant, machinery and equipment 23 €821,885 €772,475 -€49,410 -6.0%
Furniture and vehicles 24 €25,112 €17,205 -€7,907 -31.5%
Financial fixed assets 28 €97,344 €330,733 +€233,389 +239.8%
Current assets 29/58 €1,392,585 €1,991,293 +€598,708 +43.0%
Amounts receivable within one year 40/41 €1,333,416 €1,946,728 +€613,312 +46.0%
Trade receivables 40 €990,138 €1,649,679 +€659,541 +66.6%
Other amounts receivable 41 €343,278 €297,049 -€46,230 -13.5%
Cash at bank and in hand 54/58 €52,760 €43,812 -€8,948 -17.0%
Deferred charges and accrued income 490/1 €6,409 €754 -€5,656 -88.2%
Total equity and liabilities 10/49 €2,611,956 €3,372,580 +€760,624 +29.1%
Equity 10/15 -€82,374 €258,639 +€341,013
Contributions 10/11 €100,000 €100,000 = 0.0%
Capital 10 €100,000 €100,000 = 0.0%
Issued capital 100 €100,000 €100,000 = 0.0%
Reserves 13 €1,002,482 €2,044,404 +€1.0m +103.9%
Non-distributable reserves 130/1 €10,000 €10,000 = 0.0%
Reserves not available under the articles 1311 €10,000 €10,000 = 0.0%
Tax-exempt reserves 132 €48,247 €1,090,169 +€1.0m +2159.5%
Distributable reserves 133 €944,235 €944,235 = 0.0%
Profit (loss) carried forward 14 -€1,184,856 -€1,885,765 -€700,908 -59.2%
Amounts payable 17/49 €2,694,331 €3,113,941 +€419,610 +15.6%
Amounts payable after more than one year 17 €743,474 €929,946 +€186,472 +25.1%
Financial debts 170/4 €743,474 €929,946 +€186,472 +25.1%
Amounts payable within one year 42/48 €1,950,856 €2,183,994 +€233,138 +12.0%
Current portion of amounts payable after more than one year 42 €150,814 €67,071 -€83,743 -55.5%
Financial debts 43 €423,000 €63,000 -€360,000 -85.1%
Credit institutions 430/8 €423,000 €63,000 -€360,000 -85.1%
Trade debts 44 €1,286,144 €1,244,102 -€42,042 -3.3%
Suppliers 440/4 €1,286,144 €1,244,102 -€42,042 -3.3%
Taxes, remuneration and social security 45 €90,898 €209,822 +€118,924 +130.8%
Taxes 450/3 €2,700 €124,251 +€121,551 +4501.2%
Remuneration and social security 454/9 €88,197 €85,571 -€2,627 -3.0%
Other amounts payable 47/48 - €600,000 +€600,000
Turnover 70 €3,159,115 €4,112,415 +€953,300 +30.2%
Non-recurring operating income 76A - €1,039,922 +€1.0m
Goods, raw materials, services and sundry goods 60/61 €2,710,440 €3,646,641 +€936,200 +34.5%
Remuneration, social security and pensions 62 €1,293,882 €1,133,909 -€159,973 -12.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €91,642 €90,291 -€1,351 -1.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) 631/4 -€3,141 - +€3,141
Other operating charges 640/8 €26,698 €16,379 -€10,319 -38.7%
Gross operating margin 9900 €558,962 €1,598,002 +€1.0m +185.9%
Operating profit (loss) 9901 -€850,119 €357,423 +€1.2m
Financial income 75/76B €25,004 €81,593 +€56,588 +226.3%
Recurring financial income 75 €4 €59 +€54 +1235.6%
Non-recurring financial income 76B €25,000 €81,534 +€56,534 +226.1%
Financial charges 65/66B €361,262 €110,329 -€250,933 -69.5%
Recurring financial charges 65 €32,262 €94,268 +€62,006 +192.2%
Non-recurring financial charges 66B €329,000 €16,061 -€312,939 -95.1%
Profit (loss) for the period before taxes 9903 -€1,186,376 €328,687 +€1.5m
Income taxes 67/77 - -€12,327 -€12,327
Profit (loss) for the period 9904 -€1,186,376 €341,013 +€1.5m
Transfer to tax-exempt reserves 689 - €1,041,922 +€1.0m
Profit (loss) for the period to be appropriated 9905 -€1,186,376 -€700,908 +€485,468 +40.9%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.