CDN COMMUNICATION: 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.
CDN COMMUNICATION
Largest movements
- Cash +€61,593
up €61,593 (+38.4%), from €160,406 to €221,998
mainly Trade debts (+€178,995) and Other debts (+€46,519)
- Receivables within one year +€53,199
up €53,199 (+80.7%), from €65,902 to €119,101
of which Trade receivables: +€48,132
- Trade debts +€178,995
up €178,995 (+324%), from €55,209 to €234,204
- Debts after one year -€54,364
down €54,364 (-20.9%), from €260,106 to €205,742
- Other debts +€46,519
up €46,519 (+1,765%), from €2,636 to €49,155
- Reserves -€30,264
down €30,264 (-14.9%), from €202,658 to €172,394
of which Distributable reserves: -€30,264
- Tax, wage and social debts -€28,937
down €28,937 (-75.6%), from €38,300 to €9,362
of which Taxes: -€26,268
- Gross operating margin -€83,117
down €83,117 (-38.5%), from €215,609 to €132,493
- Taxes -€25,710
down €25,710 (-73.4%), from €35,023 to €9,312
- Staff costs +€2,447
up €2,447 (+3.8%), from €64,140 to €66,586
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 | €645,625 | €758,235 | +€112,610 | +17.4% |
| Fixed assets | 21/28 | €301,976 | €297,236 | -€4,740 | -1.6% |
| Tangible fixed assets | 22/27 | €301,976 | €297,236 | -€4,740 | -1.6% |
| Land and buildings | 22 | €291,299 | €279,921 | -€11,378 | -3.9% |
| Furniture and vehicles | 24 | €10,677 | €6,815 | -€3,862 | -36.2% |
| Other tangible fixed assets | 26 | - | €10,500 | +€10,500 | |
| Current assets | 29/58 | €343,649 | €461,000 | +€117,350 | +34.1% |
| Amounts receivable after more than one year | 29 | €117,342 | €119,900 | +€2,558 | +2.2% |
| Other amounts receivable | 291 | €117,342 | €119,900 | +€2,558 | +2.2% |
| Amounts receivable within one year | 40/41 | €65,902 | €119,101 | +€53,199 | +80.7% |
| Trade receivables | 40 | €30,720 | €78,852 | +€48,132 | +157% |
| Other amounts receivable | 41 | €35,181 | €40,249 | +€5,067 | +14.4% |
| Cash at bank and in hand | 54/58 | €160,406 | €221,998 | +€61,593 | +38.4% |
| Total equity and liabilities | 10/49 | €645,625 | €758,235 | +€112,610 | +17.4% |
| Equity | 10/15 | €259,672 | €229,408 | -€30,264 | -11.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €202,658 | €172,394 | -€30,264 | -14.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €183,908 | €153,644 | -€30,264 | -16.5% |
| Profit (loss) carried forward | 14 | €32,013 | €32,013 | = | 0.0% |
| Amounts payable | 17/49 | €385,953 | €528,828 | +€142,875 | +37.0% |
| Amounts payable after more than one year | 17 | €260,106 | €205,742 | -€54,364 | -20.9% |
| Financial debts | 170/4 | €260,106 | €205,742 | -€54,364 | -20.9% |
| Amounts payable within one year | 42/48 | €125,847 | €323,086 | +€197,239 | +157% |
| Current portion of amounts payable after more than one year | 42 | €29,701 | €30,364 | +€663 | +2.2% |
| Trade debts | 44 | €55,209 | €234,204 | +€178,995 | +324% |
| Suppliers | 440/4 | €55,209 | €234,204 | +€178,995 | +324% |
| Taxes, remuneration and social security | 45 | €38,300 | €9,362 | -€28,937 | -75.6% |
| Taxes | 450/3 | €35,631 | €9,362 | -€26,268 | -73.7% |
| Remuneration and social security | 454/9 | €2,669 | - | -€2,669 | |
| Other amounts payable | 47/48 | €2,636 | €49,155 | +€46,519 | +1,765% |
| Remuneration, social security and pensions | 62 | €64,140 | €66,586 | +€2,447 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,894 | €30,884 | +€1,990 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,265 | - | +€1,265 | |
| Other operating charges | 640/8 | €4,671 | €4,767 | +€96 | +2.1% |
| Gross operating margin | 9900 | €215,609 | €132,493 | -€83,117 | -38.5% |
| Operating profit (loss) | 9901 | €119,169 | €30,255 | -€88,915 | -74.6% |
| Financial income | 75/76B | €3,053 | €2,895 | -€157 | -5.2% |
| Recurring financial income | 75 | €3,053 | €2,895 | -€157 | -5.2% |
| Financial charges | 65/66B | €10,214 | €9,102 | -€1,112 | -10.9% |
| Recurring financial charges | 65 | €10,214 | €9,102 | -€1,112 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €112,008 | €24,048 | -€87,960 | -78.5% |
| Income taxes | 67/77 | €35,023 | €9,312 | -€25,710 | -73.4% |
| Profit (loss) for the period | 9904 | €76,985 | €14,736 | -€62,249 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,985 | €14,736 | -€62,249 | -80.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.