CDL-Engineering: 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
CDL-Engineering
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€185,218
2024 · €201,001-€15,783
Equity
€632,595
2024 · €627,376+€5,218
Cash
€564,879
2024 · €575,522-€10,643
Balance sheet total
€1.0m
2024 · €1.1m-€30,993
Largest movements
Assets
- Tangible fixed assets -€34,872
down €34,872 (-19.9%), from €175,641 to €140,768
of which Furniture and vehicles: -€33,792
Equity and liabilities
- Tax, wage and social debts -€47,763
down €47,763 (-22.6%), from €211,412 to €163,649
of which Taxes: -€31,195
- Trade debts +€31,552
up €31,552 (+108.4%), from €29,102 to €60,654
- Other debts -€20,000
down €20,000 (-10.0%), from €200,000 to €180,000
Income statement
- Gross operating margin -€17,379
down €17,379 (-1.8%), from €941,051 to €923,672
- Financial income -€9,584
down €9,584 (-45.8%), from €20,910 to €11,326
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.
Result 2024
€201,001
Gross operating margin
-€17,379
Staff costs
+€6,753
Depreciation
+€2,747
Other operating charges
-€3,544
Financial income
-€9,584
Financial charges
-€1,283
Taxes
+€6,507
Result 2025
€185,218
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.
From operations
+€182,345
Investment
-€12,988
Financing
-€180,000
Cash 2024
€575,522
From operations (derived)
+€182,345
Net result for the year
+€185,218
Depreciation
+€47,861
Receivables within one year
-€9,456
Deferred charges and accrued income
-€5,066
Trade debts
+€31,552
Tax, wage and social debts
-€47,763
Other debts
-€20,000
Investment (derived)
-€12,988
Investment in fixed assets (net)
-€12,988
Financing
-€180,000
Contributions, distributions and other
-€180,000
Cash 2025
€564,879
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,067,891 | €1,036,898 | -€30,993 | -2.9% |
| Fixed assets | 21/28 | €175,641 | €140,768 | -€34,872 | -19.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €175,641 | €140,768 | -€34,872 | -19.9% |
| Plant, machinery and equipment | 23 | €11,734 | €13,615 | +€1,882 | +16.0% |
| Furniture and vehicles | 24 | €137,732 | €103,940 | -€33,792 | -24.5% |
| Other tangible fixed assets | 26 | €26,175 | €23,213 | -€2,962 | -11.3% |
| Current assets | 29/58 | €892,250 | €896,129 | +€3,879 | +0.4% |
| Amounts receivable within one year | 40/41 | €292,800 | €302,256 | +€9,456 | +3.2% |
| Trade receivables | 40 | €291,297 | €287,094 | -€4,203 | -1.4% |
| Other amounts receivable | 41 | €1,503 | €15,162 | +€13,659 | +909.1% |
| Cash at bank and in hand | 54/58 | €575,522 | €564,879 | -€10,643 | -1.8% |
| Deferred charges and accrued income | 490/1 | €23,929 | €28,995 | +€5,066 | +21.2% |
| Total equity and liabilities | 10/49 | €1,067,891 | €1,036,898 | -€30,993 | -2.9% |
| Equity | 10/15 | €627,376 | €632,595 | +€5,218 | +0.8% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €85,389 | €85,389 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,604 | €6,604 | = | 0.0% |
| Distributable reserves | 133 | €72,635 | €72,635 | = | 0.0% |
| Profit (loss) carried forward | 14 | €480,488 | €485,706 | +€5,218 | +1.1% |
| Amounts payable | 17/49 | €440,514 | €404,303 | -€36,212 | -8.2% |
| Amounts payable within one year | 42/48 | €440,514 | €404,303 | -€36,212 | -8.2% |
| Trade debts | 44 | €29,102 | €60,654 | +€31,552 | +108.4% |
| Suppliers | 440/4 | €29,102 | €60,654 | +€31,552 | +108.4% |
| Taxes, remuneration and social security | 45 | €211,412 | €163,649 | -€47,763 | -22.6% |
| Taxes | 450/3 | €79,477 | €48,283 | -€31,195 | -39.2% |
| Remuneration and social security | 454/9 | €131,935 | €115,366 | -€16,569 | -12.6% |
| Other amounts payable | 47/48 | €200,000 | €180,000 | -€20,000 | -10.0% |
| Remuneration, social security and pensions | 62 | €632,977 | €626,224 | -€6,753 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,608 | €47,861 | -€2,747 | -5.4% |
| Other operating charges | 640/8 | €2,383 | €5,927 | +€3,544 | +148.7% |
| Gross operating margin | 9900 | €941,051 | €923,672 | -€17,379 | -1.8% |
| Operating profit (loss) | 9901 | €255,083 | €243,660 | -€11,423 | -4.5% |
| Financial income | 75/76B | €20,910 | €11,326 | -€9,584 | -45.8% |
| Recurring financial income | 75 | €20,910 | €11,326 | -€9,584 | -45.8% |
| Financial charges | 65/66B | -€4 | €1,279 | +€1,283 | |
| Recurring financial charges | 65 | -€4 | €1,279 | +€1,283 | |
| Profit (loss) for the period before taxes | 9903 | €275,996 | €253,706 | -€22,290 | -8.1% |
| Income taxes | 67/77 | €74,995 | €68,488 | -€6,507 | -8.7% |
| Profit (loss) for the period | 9904 | €201,001 | €185,218 | -€15,783 | -7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €201,001 | €185,218 | -€15,783 | -7.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.