CDLP: 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.
CDLP
Largest movements
- Tangible fixed assets -€20,679
down €20,679 (-31.0%), from €66,734 to €46,056
of which Other tangible fixed assets: -€16,783
- Cash +€15,973
up €15,973 (+13.0%), from €123,216 to €139,189
mainly Net result for the year (+€26,260) and Depreciation (+€24,313)
- Receivables within one year -€7,768
down €7,768 (-20.5%), from €37,857 to €30,089
of which Trade receivables: -€4,022
- Debts after one year -€10,189
down €10,189 (-17.6%), from €57,941 to €47,752
- Trade debts -€3,307
down €3,307 (-46.7%), from €7,086 to €3,779
- Tax, wage and social debts +€3,069
up €3,069 (+18.4%), from €16,719 to €19,789
- Reserves -€2,458
down €2,458 (-1.7%), from €141,849 to €139,392
- Gross operating margin -€7,721
down €7,721 (-9.3%), from €82,988 to €75,267
- Taxes -€2,566
down €2,566 (-14.9%), from €17,253 to €14,686
- Write-downs +€1,656
new in 2025: €1,656
- Depreciation -€976
down €976 (-3.9%), from €25,289 to €24,313
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 | €236,976 | €224,334 | -€12,642 | -5.3% |
| Fixed assets | 21/28 | €66,734 | €46,056 | -€20,679 | -31.0% |
| Tangible fixed assets | 22/27 | €66,734 | €46,056 | -€20,679 | -31.0% |
| Plant, machinery and equipment | 23 | €2,735 | €4,829 | +€2,094 | +76.6% |
| Furniture and vehicles | 24 | €15,435 | €9,445 | -€5,990 | -38.8% |
| Other tangible fixed assets | 26 | €48,564 | €31,782 | -€16,783 | -34.6% |
| Current assets | 29/58 | €170,241 | €178,278 | +€8,037 | +4.7% |
| Stocks and contracts in progress | 3 | €4,742 | €3,740 | -€1,001 | -21.1% |
| Stocks | 30/36 | €4,742 | €3,740 | -€1,001 | -21.1% |
| Amounts receivable within one year | 40/41 | €37,857 | €30,089 | -€7,768 | -20.5% |
| Trade receivables | 40 | €32,673 | €28,651 | -€4,022 | -12.3% |
| Other amounts receivable | 41 | €5,185 | €1,438 | -€3,746 | -72.3% |
| Cash at bank and in hand | 54/58 | €123,216 | €139,189 | +€15,973 | +13.0% |
| Deferred charges and accrued income | 490/1 | €4,426 | €5,260 | +€833 | +18.8% |
| Total equity and liabilities | 10/49 | €236,976 | €224,334 | -€12,642 | -5.3% |
| Equity | 10/15 | €141,949 | €139,492 | -€2,458 | -1.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €141,849 | €139,392 | -€2,458 | -1.7% |
| Distributable reserves | 133 | €141,849 | €139,392 | -€2,458 | -1.7% |
| Amounts payable | 17/49 | €95,026 | €84,842 | -€10,184 | -10.7% |
| Amounts payable after more than one year | 17 | €57,941 | €47,752 | -€10,189 | -17.6% |
| Financial debts | 170/4 | €57,941 | €47,752 | -€10,189 | -17.6% |
| Amounts payable within one year | 42/48 | €37,086 | €37,090 | +€5 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €9,900 | €10,189 | +€289 | +2.9% |
| Financial debts | 43 | €3,381 | €3,333 | -€47 | -1.4% |
| Credit institutions | 430/8 | €3,381 | €3,333 | -€47 | -1.4% |
| Trade debts | 44 | €7,086 | €3,779 | -€3,307 | -46.7% |
| Suppliers | 440/4 | €7,086 | €3,779 | -€3,307 | -46.7% |
| Taxes, remuneration and social security | 45 | €16,719 | €19,789 | +€3,069 | +18.4% |
| Taxes | 450/3 | €16,719 | €19,789 | +€3,069 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,289 | €24,313 | -€976 | -3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,656 | +€1,656 | |
| Other operating charges | 640/8 | €1,020 | €1,167 | +€147 | +14.4% |
| Gross operating margin | 9900 | €82,988 | €75,267 | -€7,721 | -9.3% |
| Operating profit (loss) | 9901 | €56,680 | €48,131 | -€8,548 | -15.1% |
| Financial income | 75/76B | €638 | €50 | -€588 | -92.2% |
| Recurring financial income | 75 | €638 | €50 | -€588 | -92.2% |
| Financial charges | 65/66B | €6,819 | €7,235 | +€415 | +6.1% |
| Recurring financial charges | 65 | €6,819 | €7,235 | +€415 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €50,499 | €40,946 | -€9,552 | -18.9% |
| Income taxes | 67/77 | €17,253 | €14,686 | -€2,566 | -14.9% |
| Profit (loss) for the period | 9904 | €33,246 | €26,260 | -€6,986 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,246 | €26,260 | -€6,986 | -21.0% |
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 28 September 2026 via checked.be.