CDL: 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.
CDL
Largest movements
- Cash -€38,747
down €38,747 (-85.8%), from €45,136 to €6,389
mainly Investment in fixed assets (net) (-€41,094) and Receivables within one year (-€15,126)
- Tangible fixed assets +€34,458
up €34,458 (+823%), from €4,187 to €38,645
- Receivables within one year +€15,126
up €15,126 (+44.5%), from €34,003 to €49,129
of which Trade receivables: +€15,048
- Deferred charges and accrued income -€3,581
down €3,581 (-41.6%), from €8,605 to €5,023
- Reserves +€11,800
up €11,800 (+28.4%), from €41,500 to €53,300
- Tax, wage and social debts -€3,062
down €3,062 (-14.0%), from €21,828 to €18,766
of which Taxes: -€3,486
- Other debts -€1,890
down €1,890 (-23.9%), from €7,904 to €6,015
- Gross operating margin -€14,502
down €14,502 (-33.8%), from €42,917 to €28,415
- Taxes -€4,119
down €4,119 (-35.1%), from €11,751 to €7,632
- Write-downs -€1,355
no longer reported in 2025 (was €1,355)
- Other operating charges +€1,047
up €1,047 (+99.3%), from €1,055 to €2,102
- Depreciation -€459
down €459 (-6.5%), from €7,095 to €6,636
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 | €91,931 | €99,187 | +€7,256 | +7.9% |
| Fixed assets | 21/28 | €4,187 | €38,645 | +€34,458 | +823% |
| Tangible fixed assets | 22/27 | €4,187 | €38,645 | +€34,458 | +823% |
| Furniture and vehicles | 24 | €4,187 | €38,645 | +€34,458 | +823% |
| Current assets | 29/58 | €87,743 | €60,541 | -€27,202 | -31.0% |
| Amounts receivable within one year | 40/41 | €34,003 | €49,129 | +€15,126 | +44.5% |
| Trade receivables | 40 | €26,200 | €41,248 | +€15,048 | +57.4% |
| Other amounts receivable | 41 | €7,803 | €7,881 | +€78 | +1.0% |
| Cash at bank and in hand | 54/58 | €45,136 | €6,389 | -€38,747 | -85.8% |
| Deferred charges and accrued income | 490/1 | €8,605 | €5,023 | -€3,581 | -41.6% |
| Total equity and liabilities | 10/49 | €91,931 | €99,187 | +€7,256 | +7.9% |
| Equity | 10/15 | €60,544 | €72,439 | +€11,895 | +19.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,500 | €53,300 | +€11,800 | +28.4% |
| Distributable reserves | 133 | €41,500 | €53,300 | +€11,800 | +28.4% |
| Profit (loss) carried forward | 14 | €444 | €539 | +€95 | +21.3% |
| Amounts payable | 17/49 | €31,386 | €26,748 | -€4,639 | -14.8% |
| Amounts payable within one year | 42/48 | €31,386 | €26,748 | -€4,639 | -14.8% |
| Trade debts | 44 | €1,654 | €1,967 | +€313 | +18.9% |
| Suppliers | 440/4 | €1,654 | €1,967 | +€313 | +18.9% |
| Taxes, remuneration and social security | 45 | €21,828 | €18,766 | -€3,062 | -14.0% |
| Taxes | 450/3 | €18,404 | €14,919 | -€3,486 | -18.9% |
| Remuneration and social security | 454/9 | €3,424 | €3,848 | +€424 | +12.4% |
| Other amounts payable | 47/48 | €7,904 | €6,015 | -€1,890 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,095 | €6,636 | -€459 | -6.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,355 | - | -€1,355 | |
| Other operating charges | 640/8 | €1,055 | €2,102 | +€1,047 | +99.3% |
| Gross operating margin | 9900 | €42,917 | €28,415 | -€14,502 | -33.8% |
| Operating profit (loss) | 9901 | €33,412 | €19,677 | -€13,735 | -41.1% |
| Financial income | 75/76B | €290 | €120 | -€170 | -58.7% |
| Recurring financial income | 75 | €290 | €120 | -€170 | -58.7% |
| Financial charges | 65/66B | €279 | €270 | -€8 | -3.0% |
| Recurring financial charges | 65 | €279 | €270 | -€8 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €33,423 | €19,526 | -€13,897 | -41.6% |
| Income taxes | 67/77 | €11,751 | €7,632 | -€4,119 | -35.1% |
| Profit (loss) for the period | 9904 | €21,672 | €11,895 | -€9,777 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,672 | €11,895 | -€9,777 | -45.1% |
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 17 October 2026 via checked.be.