CDMC works: 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.
CDMC works
Largest movements
- Receivables within one year +€280,673
up €280,673 (+752.9%), from €37,281 to €317,954
of which Other amounts receivable: +€250,153
- Current investments +€205,031
up €205,031 (+68.5%), from €299,285 to €504,315
- Cash -€78,074
down €78,074 (-5.4%), from €1.4m to €1.4m
mainly Other debts (-€498,222) and Contributions, distributions and other (-€319,803)
- Trade debts +€1.2m
up €1.2m (+8345.9%), from €14,335 to €1.2m
- Other debts -€498,222
down €498,222 (-36.5%), from €1.4m to €865,690
- Reserves -€166,121
down €166,121 (-49.7%), from €334,522 to €168,401
- Tax, wage and social debts -€115,795
down €115,795 (-96.2%), from €120,348 to €4,554
of which Taxes: -€115,798
- Short-term financial debts -€27,406
down €27,406 (-91.2%), from €30,049 to €2,643
- Gross operating margin -€930,575
down €930,575 (-81.8%), from €1.1m to €207,102
- Taxes -€232,100
down €232,100 (-80.2%), from €289,563 to €57,462
- Financial income +€25,698
up €25,698 (+181.7%), from €14,147 to €39,845
- Financial charges +€13,258
up €13,258 (+217.6%), from €6,092 to €19,350
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 | €1,866,825 | €2,255,644 | +€388,818 | +20.8% |
| Fixed assets | 21/28 | €31,789 | €22,223 | -€9,566 | -30.1% |
| Intangible fixed assets | 21 | €802 | €226 | -€576 | -71.9% |
| Tangible fixed assets | 22/27 | €27,109 | €18,119 | -€8,990 | -33.2% |
| Plant, machinery and equipment | 23 | €17,436 | €10,973 | -€6,463 | -37.1% |
| Furniture and vehicles | 24 | €6,340 | €3,402 | -€2,939 | -46.3% |
| Other tangible fixed assets | 26 | €3,332 | €3,744 | +€412 | +12.4% |
| Financial fixed assets | 28 | €3,879 | €3,879 | = | 0.0% |
| Current assets | 29/58 | €1,835,036 | €2,233,420 | +€398,384 | +21.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Other amounts receivable | 291 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €37,281 | €317,954 | +€280,673 | +752.9% |
| Trade receivables | 40 | €9,510 | €40,031 | +€30,520 | +320.9% |
| Other amounts receivable | 41 | €27,771 | €277,923 | +€250,153 | +900.8% |
| Current investments | 50/53 | €299,285 | €504,315 | +€205,031 | +68.5% |
| Cash at bank and in hand | 54/58 | €1,434,818 | €1,356,744 | -€78,074 | -5.4% |
| Deferred charges and accrued income | 490/1 | €3,652 | €4,407 | +€755 | +20.7% |
| Total equity and liabilities | 10/49 | €1,866,825 | €2,255,644 | +€388,818 | +20.8% |
| Equity | 10/15 | €337,522 | €171,401 | -€166,121 | -49.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €334,522 | €168,401 | -€166,121 | -49.7% |
| Distributable reserves | 133 | €334,522 | €168,401 | -€166,121 | -49.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,529,304 | €2,084,242 | +€554,939 | +36.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,528,644 | €2,083,642 | +€554,998 | +36.3% |
| Financial debts | 43 | €30,049 | €2,643 | -€27,406 | -91.2% |
| Credit institutions | 430/8 | €30,049 | €2,643 | -€27,406 | -91.2% |
| Trade debts | 44 | €14,335 | €1,210,756 | +€1.2m | +8345.9% |
| Suppliers | 440/4 | €14,335 | €1,210,756 | +€1.2m | +8345.9% |
| Taxes, remuneration and social security | 45 | €120,348 | €4,554 | -€115,795 | -96.2% |
| Taxes | 450/3 | €115,798 | €0 | -€115,798 | -100.0% |
| Remuneration and social security | 454/9 | €4,550 | €4,554 | +€3 | +0.1% |
| Other amounts payable | 47/48 | €1,363,911 | €865,690 | -€498,222 | -36.5% |
| Accrued charges and deferred income | 492/3 | €660 | €600 | -€60 | -9.0% |
| Non-recurring operating income | 76A | - | €125,000 | +€125,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,931 | €13,743 | +€1,811 | +15.2% |
| Other operating charges | 640/8 | €766 | €2,709 | +€1,943 | +253.6% |
| Non-recurring operating charges | 66A | €1,731 | €0 | -€1,731 | -100.0% |
| Gross operating margin | 9900 | €1,137,677 | €207,102 | -€930,575 | -81.8% |
| Operating profit (loss) | 9901 | €1,123,248 | €190,650 | -€932,598 | -83.0% |
| Financial income | 75/76B | €14,147 | €39,845 | +€25,698 | +181.7% |
| Recurring financial income | 75 | €14,147 | €39,845 | +€25,698 | +181.7% |
| Financial charges | 65/66B | €6,092 | €19,350 | +€13,258 | +217.6% |
| Recurring financial charges | 65 | €6,092 | €19,350 | +€13,258 | +217.6% |
| Profit (loss) for the period before taxes | 9903 | €1,131,303 | €211,145 | -€920,158 | -81.3% |
| Income taxes | 67/77 | €289,563 | €57,462 | -€232,100 | -80.2% |
| Profit (loss) for the period | 9904 | €841,740 | €153,683 | -€688,058 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €841,740 | €153,683 | -€688,058 | -81.7% |
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 2 October 2026 via checked.be.