CDND: 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.
CDND
Largest movements
- Current investments +€140,896
up €140,896 (+35.5%), from €396,456 to €537,352
- Cash +€62,930
up €62,930 (+48.2%), from €130,555 to €193,485
mainly Net result for the year (+€191,765) and Receivables within one year (+€45,331)
- Receivables within one year -€45,331
down €45,331 (-61.5%), from €73,707 to €28,376
- Reserves +€124,209
up €124,209 (+26.9%), from €461,560 to €585,770
of which Distributable reserves: +€124,209
- Tax, wage and social debts +€34,271
up €34,271 (+185.5%), from €18,478 to €52,748
- Debts after one year -€19,846
down €19,846 (-14.6%), from €136,330 to €116,483
- Other debts +€12,258
up €12,258 (+8.2%), from €149,675 to €161,933
- Financial income +€39,925
up €39,925 (+551.4%), from €7,241 to €47,165
- Taxes +€16,035
up €16,035 (+21.0%), from €76,471 to €92,506
- Gross operating margin +€7,776
up €7,776 (+3.2%), from €245,949 to €253,725
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 | €802,578 | €952,536 | +€149,958 | +18.7% |
| Fixed assets | 21/28 | €197,608 | €188,393 | -€9,215 | -4.7% |
| Tangible fixed assets | 22/27 | €197,608 | €188,393 | -€9,215 | -4.7% |
| Land and buildings | 22 | €185,102 | €178,386 | -€6,716 | -3.6% |
| Plant, machinery and equipment | 23 | €12,506 | €8,979 | -€3,527 | -28.2% |
| Furniture and vehicles | 24 | - | €1,028 | +€1,028 | |
| Current assets | 29/58 | €604,969 | €764,143 | +€159,173 | +26.3% |
| Amounts receivable within one year | 40/41 | €73,707 | €28,376 | -€45,331 | -61.5% |
| Trade receivables | 40 | €73,707 | €28,376 | -€45,331 | -61.5% |
| Current investments | 50/53 | €396,456 | €537,352 | +€140,896 | +35.5% |
| Cash at bank and in hand | 54/58 | €130,555 | €193,485 | +€62,930 | +48.2% |
| Deferred charges and accrued income | 490/1 | €4,252 | €4,929 | +€677 | +15.9% |
| Total equity and liabilities | 10/49 | €802,578 | €952,536 | +€149,958 | +18.7% |
| Equity | 10/15 | €473,960 | €598,170 | +€124,209 | +26.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €461,560 | €585,770 | +€124,209 | +26.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €459,700 | €583,910 | +€124,209 | +27.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €328,617 | €354,366 | +€25,749 | +7.8% |
| Amounts payable after more than one year | 17 | €136,330 | €116,483 | -€19,846 | -14.6% |
| Financial debts | 170/4 | €136,330 | €116,483 | -€19,846 | -14.6% |
| Amounts payable within one year | 42/48 | €191,485 | €237,055 | +€45,570 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €19,639 | €19,846 | +€207 | +1.1% |
| Trade debts | 44 | €3,693 | €2,527 | -€1,166 | -31.6% |
| Suppliers | 440/4 | €3,693 | €2,527 | -€1,166 | -31.6% |
| Taxes, remuneration and social security | 45 | €18,478 | €52,748 | +€34,271 | +185.5% |
| Taxes | 450/3 | €18,478 | €52,748 | +€34,271 | +185.5% |
| Other amounts payable | 47/48 | €149,675 | €161,933 | +€12,258 | +8.2% |
| Accrued charges and deferred income | 492/3 | €803 | €828 | +€25 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,243 | €10,552 | +€309 | +3.0% |
| Other operating charges | 640/8 | €1,786 | €1,748 | -€38 | -2.1% |
| Gross operating margin | 9900 | €245,949 | €253,725 | +€7,776 | +3.2% |
| Operating profit (loss) | 9901 | €233,920 | €241,425 | +€7,505 | +3.2% |
| Financial income | 75/76B | €7,241 | €47,165 | +€39,925 | +551.4% |
| Recurring financial income | 75 | €7,241 | €47,165 | +€39,925 | +551.4% |
| Financial charges | 65/66B | €2,566 | €4,320 | +€1,754 | +68.4% |
| Recurring financial charges | 65 | €2,566 | €4,320 | +€1,754 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €238,595 | €284,271 | +€45,676 | +19.1% |
| Income taxes | 67/77 | €76,471 | €92,506 | +€16,035 | +21.0% |
| Profit (loss) for the period | 9904 | €162,124 | €191,765 | +€29,641 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €162,124 | €191,765 | +€29,641 | +18.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.