CDL Immo: 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 Immo
Largest movements
- Tangible fixed assets -€24,007
down €24,007 (-32.6%), from €73,747 to €49,740
- Cash -€5,479
down €5,479 (-41.5%), from €13,217 to €7,737
mainly Net result for the year (-€26,171) and Tax, wage and social debts (-€4,540)
- Deferred charges and accrued income +€1,331
up €1,331 (+40.1%), from €3,314 to €4,645
- Profit (loss) carried forward -€26,171
down €26,171 (-126%), from -€20,802 to -€46,973
- Tax, wage and social debts -€4,540
down €4,540 (-41.8%), from €10,866 to €6,326
of which Taxes: -€2,960
- Trade debts +€1,286
up €1,286 (+111%), from €1,159 to €2,445
- Other debts +€1,206
up €1,206 (+4,020%), from €30 to €1,236
- Depreciation +€8,650
up €8,650 (+56.3%), from €15,357 to €24,007
- Gross operating margin +€7,024
up €7,024 (+97.4%), from -€7,208 to -€184
- Other operating charges +€1,106
up €1,106 (+201%), from €551 to €1,657
- Financial charges +€131
up €131 (+400%), from €33 to €163
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 | €97,538 | €69,064 | -€28,474 | -29.2% |
| Fixed assets | 21/28 | €73,747 | €49,740 | -€24,007 | -32.6% |
| Tangible fixed assets | 22/27 | €73,747 | €49,740 | -€24,007 | -32.6% |
| Furniture and vehicles | 24 | €73,747 | €49,740 | -€24,007 | -32.6% |
| Current assets | 29/58 | €23,791 | €19,324 | -€4,467 | -18.8% |
| Amounts receivable within one year | 40/41 | €7,260 | €6,942 | -€318 | -4.4% |
| Trade receivables | 40 | €7,260 | €6,942 | -€318 | -4.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €13,217 | €7,737 | -€5,479 | -41.5% |
| Deferred charges and accrued income | 490/1 | €3,314 | €4,645 | +€1,331 | +40.1% |
| Total equity and liabilities | 10/49 | €97,538 | €69,064 | -€28,474 | -29.2% |
| Equity | 10/15 | -€15,802 | -€41,973 | -€26,171 | -166% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,802 | -€46,973 | -€26,171 | -126% |
| Amounts payable | 17/49 | €113,340 | €111,038 | -€2,303 | -2.0% |
| Amounts payable after more than one year | 17 | €101,000 | €101,000 | = | 0.0% |
| Other amounts payable | 178/9 | €101,000 | €101,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,055 | €10,007 | -€2,048 | -17.0% |
| Trade debts | 44 | €1,159 | €2,445 | +€1,286 | +111% |
| Suppliers | 440/4 | €1,159 | €2,445 | +€1,286 | +111% |
| Taxes, remuneration and social security | 45 | €10,866 | €6,326 | -€4,540 | -41.8% |
| Taxes | 450/3 | €6,866 | €3,906 | -€2,960 | -43.1% |
| Remuneration and social security | 454/9 | €4,000 | €2,420 | -€1,580 | -39.5% |
| Other amounts payable | 47/48 | €30 | €1,236 | +€1,206 | +4,020% |
| Accrued charges and deferred income | 492/3 | €285 | €30 | -€255 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,357 | €24,007 | +€8,650 | +56.3% |
| Other operating charges | 640/8 | €551 | €1,657 | +€1,106 | +201% |
| Gross operating margin | 9900 | -€7,208 | -€184 | +€7,024 | +97.4% |
| Operating profit (loss) | 9901 | -€23,116 | -€25,848 | -€2,732 | -11.8% |
| Financial charges | 65/66B | €33 | €163 | +€131 | +400% |
| Recurring financial charges | 65 | €33 | €163 | +€131 | +400% |
| Profit (loss) for the period before taxes | 9903 | -€23,149 | -€26,011 | -€2,862 | -12.4% |
| Income taxes | 67/77 | €173 | €160 | -€12 | -7.1% |
| Profit (loss) for the period | 9904 | -€23,321 | -€26,171 | -€2,850 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,321 | -€26,171 | -€2,850 | -12.2% |
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 14 October 2026 via checked.be.