CDKN agency: 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.
CDKN agency
Largest movements
- Receivables within one year -€36,640
down €36,640 (-20.5%), from €178,639 to €141,999
of which Trade receivables: -€20,237
- Cash -€12,532
down €12,532 (-31.5%), from €39,840 to €27,308
mainly Tax, wage and social debts (-€36,683) and Net result for the year (-€24,787)
- Deferred charges and accrued income +€2,770
new in 2025: €2,770
- Tax, wage and social debts -€36,683
down €36,683 (-66.0%), from €55,589 to €18,906
of which Taxes: -€41,588
- Reserves -€24,787
down €24,787 (-14.3%), from €173,214 to €148,427
- Trade debts +€15,497
up €15,497 (+380%), from €4,077 to €19,574
- Gross operating margin -€188,515
down €188,515, from €169,525 to -€18,990
- Write-downs -€77,181
no longer reported in 2025 (was €77,181)
- Other operating charges -€48,793
down €48,793 (-98.5%), from €49,513 to €719
- Taxes -€9,163
no longer reported in 2025 (was €9,163)
- Staff costs +€5,149
new in 2025: €5,149
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 | €235,810 | €189,407 | -€46,403 | -19.7% |
| Fixed assets | 21/28 | €17,330 | €17,330 | = | 0.0% |
| Tangible fixed assets | 22/27 | €17,330 | €17,330 | = | 0.0% |
| Other tangible fixed assets | 26 | €17,330 | €17,330 | = | 0.0% |
| Current assets | 29/58 | €218,480 | €172,077 | -€46,403 | -21.2% |
| Amounts receivable within one year | 40/41 | €178,639 | €141,999 | -€36,640 | -20.5% |
| Trade receivables | 40 | €72,606 | €52,369 | -€20,237 | -27.9% |
| Other amounts receivable | 41 | €106,033 | €89,631 | -€16,403 | -15.5% |
| Cash at bank and in hand | 54/58 | €39,840 | €27,308 | -€12,532 | -31.5% |
| Deferred charges and accrued income | 490/1 | - | €2,770 | +€2,770 | |
| Total equity and liabilities | 10/49 | €235,810 | €189,407 | -€46,403 | -19.7% |
| Equity | 10/15 | €175,714 | €150,927 | -€24,787 | -14.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €173,214 | €148,427 | -€24,787 | -14.3% |
| Distributable reserves | 133 | €173,214 | €148,427 | -€24,787 | -14.3% |
| Amounts payable | 17/49 | €60,095 | €38,480 | -€21,615 | -36.0% |
| Amounts payable within one year | 42/48 | €59,665 | €38,480 | -€21,185 | -35.5% |
| Trade debts | 44 | €4,077 | €19,574 | +€15,497 | +380% |
| Suppliers | 440/4 | €4,077 | €19,574 | +€15,497 | +380% |
| Taxes, remuneration and social security | 45 | €55,589 | €18,906 | -€36,683 | -66.0% |
| Taxes | 450/3 | €55,589 | €14,001 | -€41,588 | -74.8% |
| Remuneration and social security | 454/9 | - | €4,905 | +€4,905 | |
| Accrued charges and deferred income | 492/3 | €430 | - | -€430 | |
| Remuneration, social security and pensions | 62 | - | €5,149 | +€5,149 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €77,181 | - | -€77,181 | |
| Other operating charges | 640/8 | €49,513 | €719 | -€48,793 | -98.5% |
| Gross operating margin | 9900 | €169,525 | -€18,990 | -€188,515 | |
| Operating profit (loss) | 9901 | €42,831 | -€24,858 | -€67,690 | |
| Financial income | 75/76B | €253 | €485 | +€232 | +91.4% |
| Recurring financial income | 75 | €253 | €485 | +€232 | +91.4% |
| Financial charges | 65/66B | €1,458 | €414 | -€1,044 | -71.6% |
| Recurring financial charges | 65 | €1,458 | €414 | -€1,044 | -71.6% |
| Profit (loss) for the period before taxes | 9903 | €41,627 | -€24,787 | -€66,414 | |
| Income taxes | 67/77 | €9,163 | - | -€9,163 | |
| Profit (loss) for the period | 9904 | €32,464 | -€24,787 | -€57,251 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,464 | -€24,787 | -€57,251 |
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 24 October 2026 via checked.be.