CDL CORPORATE: 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 CORPORATE
Largest movements
- Tangible fixed assets +€16,417
up €16,417 (+18.6%), from €88,145 to €104,562
of which Furniture and vehicles: +€14,661
- Cash -€3,329
down €3,329 (-2.3%), from €142,876 to €139,547
mainly Contributions, distributions and other (-€109,463) and Tax, wage and social debts (-€30,061)
- Other debts +€42,295
up €42,295 (+16,180%), from €261 to €42,556
- Tax, wage and social debts -€30,061
down €30,061 (-30.5%), from €98,604 to €68,543
- Reserves +€6,140
up €6,140 (+3.6%), from €170,913 to €177,052
- Gross operating margin -€12,761
down €12,761 (-6.7%), from €191,397 to €178,636
- Taxes -€3,313
down €3,313 (-6.4%), from €51,457 to €48,144
- Depreciation -€2,102
down €2,102 (-18.0%), from €11,699 to €9,597
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 | €271,036 | €288,251 | +€17,215 | +6.4% |
| Fixed assets | 21/28 | €97,120 | €113,537 | +€16,417 | +16.9% |
| Tangible fixed assets | 22/27 | €88,145 | €104,562 | +€16,417 | +18.6% |
| Furniture and vehicles | 24 | €10,162 | €24,823 | +€14,661 | +144% |
| Other tangible fixed assets | 26 | €750 | €450 | -€300 | -40.0% |
| Assets under construction and advance payments | 27 | €77,233 | €79,290 | +€2,056 | +2.7% |
| Financial fixed assets | 28 | €8,975 | €8,975 | = | 0.0% |
| Current assets | 29/58 | €173,916 | €174,713 | +€797 | +0.5% |
| Stocks and contracts in progress | 3 | €4,500 | €5,000 | +€500 | +11.1% |
| Contracts in progress | 37 | €4,500 | €5,000 | +€500 | +11.1% |
| Amounts receivable within one year | 40/41 | €24,933 | €26,617 | +€1,685 | +6.8% |
| Trade receivables | 40 | €24,933 | €25,927 | +€995 | +4.0% |
| Other amounts receivable | 41 | - | €690 | +€690 | |
| Cash at bank and in hand | 54/58 | €142,876 | €139,547 | -€3,329 | -2.3% |
| Deferred charges and accrued income | 490/1 | €1,607 | €3,549 | +€1,942 | +121% |
| Total equity and liabilities | 10/49 | €271,036 | €288,251 | +€17,215 | +6.4% |
| Equity | 10/15 | €170,914 | €177,053 | +€6,140 | +3.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €170,913 | €177,052 | +€6,140 | +3.6% |
| Distributable reserves | 133 | €170,913 | €177,052 | +€6,140 | +3.6% |
| Amounts payable | 17/49 | €100,123 | €111,198 | +€11,075 | +11.1% |
| Amounts payable within one year | 42/48 | €100,123 | €111,198 | +€11,075 | +11.1% |
| Financial debts | 43 | €36 | - | -€36 | |
| Credit institutions | 430/8 | €36 | - | -€36 | |
| Trade debts | 44 | €1,221 | €99 | -€1,123 | -91.9% |
| Suppliers | 440/4 | €1,221 | €99 | -€1,123 | -91.9% |
| Taxes, remuneration and social security | 45 | €98,604 | €68,543 | -€30,061 | -30.5% |
| Taxes | 450/3 | €98,604 | €68,543 | -€30,061 | -30.5% |
| Other amounts payable | 47/48 | €261 | €42,556 | +€42,295 | +16,180% |
| Remuneration, social security and pensions | 62 | €95 | - | -€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,699 | €9,597 | -€2,102 | -18.0% |
| Other operating charges | 640/8 | €2,644 | €1,687 | -€957 | -36.2% |
| Gross operating margin | 9900 | €191,397 | €178,636 | -€12,761 | -6.7% |
| Operating profit (loss) | 9901 | €176,959 | €167,352 | -€9,607 | -5.4% |
| Financial income | 75/76B | €116 | €0 | -€116 | -100.0% |
| Recurring financial income | 75 | €116 | €0 | -€116 | -100.0% |
| Financial charges | 65/66B | €1,788 | €3,606 | +€1,817 | +102% |
| Recurring financial charges | 65 | €1,788 | €3,606 | +€1,817 | +102% |
| Profit (loss) for the period before taxes | 9903 | €175,287 | €163,746 | -€11,541 | -6.6% |
| Income taxes | 67/77 | €51,457 | €48,144 | -€3,313 | -6.4% |
| Profit (loss) for the period | 9904 | €123,830 | €115,602 | -€8,228 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €123,830 | €115,602 | -€8,228 | -6.6% |
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 19 October 2026 via checked.be.