CDLEX: 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.
CDLEX
Largest movements
- Intangible fixed assets -€12,500
down €12,500 (-16.0%), from €78,048 to €65,548
- Cash +€8,043
up €8,043 (+11.4%), from €70,661 to €78,704
mainly Depreciation (+€13,851) and Deferred charges and accrued income (+€5,544)
- Deferred charges and accrued income -€5,544
down €5,544 (-92.0%), from €6,023 to €479
- Other debts -€10,191
down €10,191 (-14.7%), from €69,190 to €58,999
- Trade debts -€3,290
down €3,290 (-36.7%), from €8,963 to €5,673
- Gross operating margin -€70,265
down €70,265 (-79.7%), from €88,165 to €17,900
- Taxes -€19,674
down €19,674 (-92.9%), from €21,174 to €1,501
- Staff costs -€3,017
down €3,017 (-96.2%), from €3,137 to €121
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,373 | €151,999 | -€11,374 | -7.0% |
| Fixed assets | 21/28 | €81,475 | €67,625 | -€13,851 | -17.0% |
| Intangible fixed assets | 21 | €78,048 | €65,548 | -€12,500 | -16.0% |
| Tangible fixed assets | 22/27 | €3,222 | €1,872 | -€1,351 | -41.9% |
| Plant, machinery and equipment | 23 | €2,393 | €1,709 | -€684 | -28.6% |
| Furniture and vehicles | 24 | €829 | €163 | -€667 | -80.4% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €81,898 | €84,375 | +€2,477 | +3.0% |
| Amounts receivable within one year | 40/41 | €5,214 | €5,191 | -€23 | -0.4% |
| Trade receivables | 40 | €3,277 | €5,191 | +€1,914 | +58.4% |
| Other amounts receivable | 41 | €1,937 | €0 | -€1,937 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,661 | €78,704 | +€8,043 | +11.4% |
| Deferred charges and accrued income | 490/1 | €6,023 | €479 | -€5,544 | -92.0% |
| Total equity and liabilities | 10/49 | €163,373 | €151,999 | -€11,374 | -7.0% |
| Equity | 10/15 | €71,117 | €71,777 | +€661 | +0.9% |
| Contributions | 10/11 | €5,600 | €5,600 | = | 0.0% |
| Reserves | 13 | €46,000 | €46,000 | = | 0.0% |
| Distributable reserves | 133 | €46,000 | €46,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,517 | €20,177 | +€661 | +3.4% |
| Amounts payable | 17/49 | €92,257 | €80,222 | -€12,035 | -13.0% |
| Amounts payable within one year | 42/48 | €92,257 | €80,222 | -€12,035 | -13.0% |
| Trade debts | 44 | €8,963 | €5,673 | -€3,290 | -36.7% |
| Suppliers | 440/4 | €8,963 | €5,673 | -€3,290 | -36.7% |
| Taxes, remuneration and social security | 45 | €14,104 | €15,549 | +€1,445 | +10.2% |
| Taxes | 450/3 | €14,104 | €8,863 | -€5,241 | -37.2% |
| Remuneration and social security | 454/9 | - | €6,686 | +€6,686 | |
| Other amounts payable | 47/48 | €69,190 | €58,999 | -€10,191 | -14.7% |
| Remuneration, social security and pensions | 62 | €3,137 | €121 | -€3,017 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,607 | €13,851 | +€244 | +1.8% |
| Other operating charges | 640/8 | €1,010 | €560 | -€449 | -44.5% |
| Non-recurring operating charges | 66A | - | €1,055 | +€1,055 | |
| Gross operating margin | 9900 | €88,165 | €17,900 | -€70,265 | -79.7% |
| Operating profit (loss) | 9901 | €70,412 | €2,314 | -€68,098 | -96.7% |
| Financial income | 75/76B | €11 | €1 | -€10 | -90.8% |
| Recurring financial income | 75 | €11 | €1 | -€10 | -90.8% |
| Financial charges | 65/66B | €164 | €153 | -€11 | -6.6% |
| Recurring financial charges | 65 | €164 | €153 | -€11 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €70,259 | €2,162 | -€68,097 | -96.9% |
| Income taxes | 67/77 | €21,174 | €1,501 | -€19,674 | -92.9% |
| Profit (loss) for the period | 9904 | €49,084 | €661 | -€48,423 | -98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,084 | €661 | -€48,423 | -98.7% |
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 29 September 2026 via checked.be.