CDNN: 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.
CDNN
Largest movements
- Intangible fixed assets -€28,571
down €28,571 (-30.4%), from €93,956 to €65,385
- Tangible fixed assets -€19,962
down €19,962 (-44.4%), from €44,936 to €24,974
- Cash -€4,134
down €4,134 (-5.6%), from €73,981 to €69,847
mainly Contributions, distributions and other (-€59,000) and Debts after one year (-€26,864)
- Debts after one year -€26,864
down €26,864 (-46.8%), from €57,340 to €30,477
- Trade debts -€25,659
down €25,659 (-54.5%), from €47,040 to €21,381
- Profit (loss) carried forward +€10,695
up €10,695 (+89.2%), from €11,997 to €22,692
- Tax, wage and social debts -€4,032
no longer reported in 2025 (was €4,032)
- Other debts -€3,120
down €3,120 (-4.0%), from €78,100 to €74,980
- Taxes +€2,320
up €2,320 (+12.0%), from €19,265 to €21,586
- Gross operating margin +€1,563
up €1,563 (+1.1%), from €142,448 to €144,010
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 | €230,805 | €180,735 | -€50,071 | -21.7% |
| Fixed assets | 21/28 | €138,892 | €90,359 | -€48,533 | -34.9% |
| Intangible fixed assets | 21 | €93,956 | €65,385 | -€28,571 | -30.4% |
| Tangible fixed assets | 22/27 | €44,936 | €24,974 | -€19,962 | -44.4% |
| Furniture and vehicles | 24 | €13,464 | €3,713 | -€9,751 | -72.4% |
| Leasing and similar rights | 25 | €25,183 | €15,973 | -€9,211 | -36.6% |
| Other tangible fixed assets | 26 | €6,288 | €5,288 | -€1,000 | -15.9% |
| Current assets | 29/58 | €91,913 | €90,376 | -€1,537 | -1.7% |
| Stocks and contracts in progress | 3 | €15,744 | €17,825 | +€2,081 | +13.2% |
| Stocks | 30/36 | €15,744 | €17,825 | +€2,081 | +13.2% |
| Amounts receivable within one year | 40/41 | €700 | €1,414 | +€714 | +102.1% |
| Trade receivables | 40 | €700 | - | -€700 | |
| Other amounts receivable | 41 | - | €1,414 | +€1,414 | |
| Cash at bank and in hand | 54/58 | €73,981 | €69,847 | -€4,134 | -5.6% |
| Deferred charges and accrued income | 490/1 | €1,489 | €1,290 | -€199 | -13.4% |
| Total equity and liabilities | 10/49 | €230,805 | €180,735 | -€50,071 | -21.7% |
| Equity | 10/15 | €14,997 | €25,692 | +€10,695 | +71.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,997 | €22,692 | +€10,695 | +89.2% |
| Amounts payable | 17/49 | €215,809 | €155,043 | -€60,766 | -28.2% |
| Amounts payable after more than one year | 17 | €57,340 | €30,477 | -€26,864 | -46.8% |
| Financial debts | 170/4 | €57,340 | €30,477 | -€26,864 | -46.8% |
| Amounts payable within one year | 42/48 | €158,468 | €124,566 | -€33,902 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €29,297 | €28,205 | -€1,092 | -3.7% |
| Trade debts | 44 | €47,040 | €21,381 | -€25,659 | -54.5% |
| Suppliers | 440/4 | €47,040 | €21,381 | -€25,659 | -54.5% |
| Taxes, remuneration and social security | 45 | €4,032 | - | -€4,032 | |
| Taxes | 450/3 | €4,032 | - | -€4,032 | |
| Other amounts payable | 47/48 | €78,100 | €74,980 | -€3,120 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,533 | €48,533 | = | 0.0% |
| Other operating charges | 640/8 | €2,316 | €2,353 | +€37 | +1.6% |
| Gross operating margin | 9900 | €142,448 | €144,010 | +€1,563 | +1.1% |
| Operating profit (loss) | 9901 | €91,598 | €93,124 | +€1,526 | +1.7% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €2,264 | €1,861 | -€403 | -17.8% |
| Recurring financial charges | 65 | €2,264 | €1,861 | -€403 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €89,335 | €91,281 | +€1,946 | +2.2% |
| Income taxes | 67/77 | €19,265 | €21,586 | +€2,320 | +12.0% |
| Profit (loss) for the period | 9904 | €70,069 | €69,695 | -€374 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,069 | €69,695 | -€374 | -0.5% |
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 3 October 2026 via checked.be.