CDN3: 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.
CDN3
Largest movements
- Receivables within one year -€122,176
down €122,176 (-31.9%), from €382,548 to €260,372
of which Other amounts receivable: -€123,996
- Other debts -€88,756
down €88,756 (-24.0%), from €370,159 to €281,403
- Current portion of long-term debt -€42,829
no longer reported in 2025 (was €42,829)
- Financial income -€124,979
down €124,979 (-36.8%), from €340,000 to €215,021
- Gross operating margin -€4,643
down €4,643, from €2,592 to -€2,051
- Taxes -€1,166
down €1,166 (-44.6%), from €2,614 to €1,448
- Financial charges -€611
down €611 (-69.7%), from €877 to €266
- Other operating charges +€283
up €283 (+244%), from €116 to €399
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 | €1,410,809 | €1,294,265 | -€116,544 | -8.3% |
| Fixed assets | 21/28 | €1,022,694 | €1,021,481 | -€1,213 | -0.1% |
| Tangible fixed assets | 22/27 | €3,144 | €1,931 | -€1,213 | -38.6% |
| Furniture and vehicles | 24 | €3,144 | €1,931 | -€1,213 | -38.6% |
| Financial fixed assets | 28 | €1,019,550 | €1,019,550 | = | 0.0% |
| Current assets | 29/58 | €388,115 | €272,784 | -€115,331 | -29.7% |
| Amounts receivable within one year | 40/41 | €382,548 | €260,372 | -€122,176 | -31.9% |
| Trade receivables | 40 | €25,000 | €26,820 | +€1,820 | +7.3% |
| Other amounts receivable | 41 | €357,548 | €233,552 | -€123,996 | -34.7% |
| Cash at bank and in hand | 54/58 | €2,939 | €9,784 | +€6,845 | +233% |
| Deferred charges and accrued income | 490/1 | €2,628 | €2,628 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,410,809 | €1,294,265 | -€116,544 | -8.3% |
| Equity | 10/15 | €970,108 | €967,987 | -€2,121 | -0.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €820,108 | €817,987 | -€2,121 | -0.3% |
| Amounts payable | 17/49 | €440,701 | €326,278 | -€114,423 | -26.0% |
| Amounts payable within one year | 42/48 | €440,636 | €326,211 | -€114,425 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €42,829 | - | -€42,829 | |
| Trade debts | 44 | €891 | €5,820 | +€4,929 | +553% |
| Suppliers | 440/4 | €891 | €5,820 | +€4,929 | +553% |
| Taxes, remuneration and social security | 45 | €26,757 | €38,988 | +€12,231 | +45.7% |
| Taxes | 450/3 | €26,757 | €38,988 | +€12,231 | +45.7% |
| Other amounts payable | 47/48 | €370,159 | €281,403 | -€88,756 | -24.0% |
| Accrued charges and deferred income | 492/3 | €65 | €67 | +€2 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,213 | €1,213 | = | 0.0% |
| Other operating charges | 640/8 | €116 | €399 | +€283 | +244% |
| Gross operating margin | 9900 | €2,592 | -€2,051 | -€4,643 | |
| Operating profit (loss) | 9901 | €1,263 | -€3,663 | -€4,926 | |
| Financial income | 75/76B | €340,000 | €215,021 | -€124,979 | -36.8% |
| Recurring financial income | 75 | €340,000 | €215,021 | -€124,979 | -36.8% |
| Financial charges | 65/66B | €877 | €266 | -€611 | -69.7% |
| Recurring financial charges | 65 | €877 | €266 | -€611 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €340,386 | €211,092 | -€129,294 | -38.0% |
| Income taxes | 67/77 | €2,614 | €1,448 | -€1,166 | -44.6% |
| Profit (loss) for the period | 9904 | €337,772 | €209,644 | -€128,128 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €337,772 | €209,644 | -€128,128 | -37.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.