CDM Invest: 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.
CDM Invest
Largest movements
- Tangible fixed assets -€80,985
down €80,985 (-3.9%), from €2.1m to €2.0m
of which Land and buildings: -€80,685
- Receivables within one year +€61,907
up €61,907 (+30.5%), from €202,961 to €264,868
of which Trade receivables: +€35,548
- Debts after one year -€55,578
down €55,578 (-9.1%), from €612,823 to €557,245
of which Financial debts: -€55,578
- Profit (loss) carried forward +€34,558
up €34,558 (+32.2%), from -€107,351 to -€72,793
- Gross operating margin +€62,159
up €62,159 (+65.1%), from €95,469 to €157,629
- Financial charges +€34,101
up €34,101 (+412%), from €8,274 to €42,374
- Other operating charges -€5,349
down €5,349 (-30.0%), from €17,847 to €12,498
- Financial income -€3,032
down €3,032 (-19.2%), from €15,818 to €12,786
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 | €2,487,253 | €2,476,771 | -€10,482 | -0.4% |
| Fixed assets | 21/28 | €2,074,823 | €1,993,838 | -€80,985 | -3.9% |
| Tangible fixed assets | 22/27 | €2,074,823 | €1,993,838 | -€80,985 | -3.9% |
| Land and buildings | 22 | €2,073,923 | €1,993,238 | -€80,685 | -3.9% |
| Leasing and similar rights | 25 | €900 | €600 | -€300 | -33.3% |
| Current assets | 29/58 | €412,430 | €482,933 | +€70,503 | +17.1% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €202,961 | €264,868 | +€61,907 | +30.5% |
| Trade receivables | 40 | €202,500 | €238,047 | +€35,548 | +17.6% |
| Other amounts receivable | 41 | €461 | €26,821 | +€26,359 | +5,713% |
| Cash at bank and in hand | 54/58 | €9,469 | €18,065 | +€8,596 | +90.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €2,487,253 | €2,476,771 | -€10,482 | -0.4% |
| Equity | 10/15 | €1,111,547 | €1,146,105 | +€34,558 | +3.1% |
| Contributions | 10/11 | €50,800 | €50,800 | = | 0.0% |
| Revaluation surpluses | 12 | €1,168,098 | €1,168,098 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,351 | -€72,793 | +€34,558 | +32.2% |
| Amounts payable | 17/49 | €1,375,706 | €1,330,667 | -€45,039 | -3.3% |
| Amounts payable after more than one year | 17 | €612,823 | €557,245 | -€55,578 | -9.1% |
| Financial debts | 170/4 | €612,823 | €557,245 | -€55,578 | -9.1% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €745,386 | €751,358 | +€5,971 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €54,674 | €55,578 | +€904 | +1.7% |
| Trade debts | 44 | €13,905 | €4,204 | -€9,701 | -69.8% |
| Suppliers | 440/4 | €13,905 | €4,204 | -€9,701 | -69.8% |
| Taxes, remuneration and social security | 45 | €6,321 | €10,769 | +€4,448 | +70.4% |
| Taxes | 450/3 | €4,846 | €10,769 | +€5,923 | +122% |
| Remuneration and social security | 454/9 | €1,475 | €0 | -€1,475 | -100% |
| Other amounts payable | 47/48 | €670,486 | €680,806 | +€10,320 | +1.5% |
| Accrued charges and deferred income | 492/3 | €17,496 | €22,064 | +€4,568 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,922 | €80,985 | -€937 | -1.1% |
| Other operating charges | 640/8 | €17,847 | €12,498 | -€5,349 | -30.0% |
| Gross operating margin | 9900 | €95,469 | €157,629 | +€62,159 | +65.1% |
| Operating profit (loss) | 9901 | -€4,300 | €64,145 | +€68,445 | |
| Financial income | 75/76B | €15,818 | €12,786 | -€3,032 | -19.2% |
| Recurring financial income | 75 | €15,818 | €12,786 | -€3,032 | -19.2% |
| Financial charges | 65/66B | €8,274 | €42,374 | +€34,101 | +412% |
| Recurring financial charges | 65 | €8,274 | €42,374 | +€34,101 | +412% |
| Profit (loss) for the period before taxes | 9903 | €3,245 | €34,558 | +€31,313 | +965% |
| Profit (loss) for the period | 9904 | €3,245 | €34,558 | +€31,313 | +965% |
| Profit (loss) for the period to be appropriated | 9905 | €3,245 | €34,558 | +€31,313 | +965% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.