CDJ DERM: 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.
CDJ DERM
Largest movements
- Receivables within one year +€45,811
up €45,811 (+37.8%), from €121,047 to €166,858
of which Other amounts receivable: +€46,300
- Tangible fixed assets -€12,316
down €12,316 (-67.7%), from €18,188 to €5,872
of which Plant, machinery and equipment: -€10,021
- Cash +€7,275
up €7,275 (+471.7%), from €1,542 to €8,817
mainly Net result for the year (+€46,261) and Depreciation (+€20,386)
- Intangible fixed assets -€3,696
no longer reported in 2025 (was €3,696)
- Reserves +€46,261
up €46,261 (+113.3%), from €40,825 to €87,086
- Tax, wage and social debts +€16,868
up €16,868 (+87.1%), from €19,374 to €36,241
of which Taxes: +€15,510
- Debts after one year -€15,730
down €15,730 (-63.6%), from €24,744 to €9,015
- Current portion of long-term debt -€6,759
down €6,759 (-30.1%), from €22,489 to €15,730
- Other debts -€3,572
no longer reported in 2025 (was €3,572)
- Depreciation -€17,402
down €17,402 (-46.1%), from €37,788 to €20,386
- Taxes +€6,926
up €6,926 (+39.1%), from €17,694 to €24,621
- Gross operating margin +€5,227
up €5,227 (+4.2%), from €124,218 to €129,445
- Staff costs +€2,689
up €2,689 (+9.5%), from €28,444 to €31,133
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 | €148,063 | €184,503 | +€36,440 | +24.6% |
| Fixed assets | 21/28 | €21,934 | €5,922 | -€16,011 | -73.0% |
| Intangible fixed assets | 21 | €3,696 | - | -€3,696 | |
| Tangible fixed assets | 22/27 | €18,188 | €5,872 | -€12,316 | -67.7% |
| Plant, machinery and equipment | 23 | €11,336 | €1,315 | -€10,021 | -88.4% |
| Furniture and vehicles | 24 | €6,852 | €4,557 | -€2,295 | -33.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €126,129 | €178,581 | +€52,451 | +41.6% |
| Stocks and contracts in progress | 3 | €1,200 | €1,200 | = | 0.0% |
| Stocks | 30/36 | €1,200 | €1,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €121,047 | €166,858 | +€45,811 | +37.8% |
| Trade receivables | 40 | €1,638 | €1,150 | -€488 | -29.8% |
| Other amounts receivable | 41 | €119,409 | €165,708 | +€46,300 | +38.8% |
| Cash at bank and in hand | 54/58 | €1,542 | €8,817 | +€7,275 | +471.7% |
| Deferred charges and accrued income | 490/1 | €2,340 | €1,705 | -€635 | -27.1% |
| Total equity and liabilities | 10/49 | €148,063 | €184,503 | +€36,440 | +24.6% |
| Equity | 10/15 | €70,960 | €117,221 | +€46,261 | +65.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €40,825 | €87,086 | +€46,261 | +113.3% |
| Distributable reserves | 133 | €40,825 | €87,086 | +€46,261 | +113.3% |
| Profit (loss) carried forward | 14 | €10,135 | €10,135 | = | 0.0% |
| Amounts payable | 17/49 | €77,103 | €67,282 | -€9,821 | -12.7% |
| Amounts payable after more than one year | 17 | €24,744 | €9,015 | -€15,730 | -63.6% |
| Financial debts | 170/4 | €24,744 | €9,015 | -€15,730 | -63.6% |
| Amounts payable within one year | 42/48 | €52,359 | €58,268 | +€5,909 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €22,489 | €15,730 | -€6,759 | -30.1% |
| Trade debts | 44 | €6,925 | €6,296 | -€628 | -9.1% |
| Suppliers | 440/4 | €6,925 | €6,296 | -€628 | -9.1% |
| Taxes, remuneration and social security | 45 | €19,374 | €36,241 | +€16,868 | +87.1% |
| Taxes | 450/3 | €11,790 | €27,300 | +€15,510 | +131.6% |
| Remuneration and social security | 454/9 | €7,584 | €8,941 | +€1,357 | +17.9% |
| Other amounts payable | 47/48 | €3,572 | - | -€3,572 | |
| Remuneration, social security and pensions | 62 | €28,444 | €31,133 | +€2,689 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,788 | €20,386 | -€17,402 | -46.1% |
| Other operating charges | 640/8 | €2,867 | €3,352 | +€486 | +16.9% |
| Gross operating margin | 9900 | €124,218 | €129,445 | +€5,227 | +4.2% |
| Operating profit (loss) | 9901 | €55,119 | €74,574 | +€19,454 | +35.3% |
| Financial income | 75/76B | €3 | €1,251 | +€1,248 | +41598.0% |
| Recurring financial income | 75 | €3 | €1,251 | +€1,248 | +41598.0% |
| Financial charges | 65/66B | €5,625 | €4,943 | -€682 | -12.1% |
| Recurring financial charges | 65 | €5,625 | €4,943 | -€682 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €49,498 | €70,882 | +€21,384 | +43.2% |
| Income taxes | 67/77 | €17,694 | €24,621 | +€6,926 | +39.1% |
| Profit (loss) for the period | 9904 | €31,803 | €46,261 | +€14,458 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,803 | €46,261 | +€14,458 | +45.5% |
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 9 October 2026 via checked.be.