CDO Expertise-Comptable: 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.
CDO Expertise-Comptable
Largest movements
- Cash +€19,439
up €19,439 (+42.3%), from €45,925 to €65,364
mainly Other debts (+€65,539) and Net result for the year (+€42,477)
- Receivables within one year +€18,467
up €18,467 (+396.0%), from €4,664 to €23,131
of which Other amounts receivable: +€9,414
- Tangible fixed assets +€13,788
up €13,788 (+52.9%), from €26,075 to €39,863
of which Furniture and vehicles: +€13,246
- Other debts +€65,539
up €65,539 (+476.3%), from €13,761 to €79,300
- Profit (loss) carried forward -€36,823
down €36,823 (-100.0%), from €36,829 to €6
- Debts after one year +€13,760
up €13,760 (+215.6%), from €6,384 to €20,144
- Current portion of long-term debt +€8,998
up €8,998 (+338.9%), from €2,655 to €11,654
- Trade debts +€2,189
up €2,189 (+4961.2%), from €44 to €2,234
- Gross operating margin +€31,335
up €31,335 (+69.9%), from €44,816 to €76,152
- Depreciation +€10,405
up €10,405 (+123.5%), from €8,423 to €18,828
- Taxes +€5,025
up €5,025 (+59.2%), from €8,487 to €13,512
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 | €79,641 | €131,844 | +€52,203 | +65.5% |
| Fixed assets | 21/28 | €26,075 | €39,863 | +€13,788 | +52.9% |
| Tangible fixed assets | 22/27 | €26,075 | €39,863 | +€13,788 | +52.9% |
| Furniture and vehicles | 24 | €21,805 | €35,050 | +€13,246 | +60.7% |
| Other tangible fixed assets | 26 | €4,270 | €4,813 | +€542 | +12.7% |
| Current assets | 29/58 | €53,566 | €91,980 | +€38,415 | +71.7% |
| Amounts receivable within one year | 40/41 | €4,664 | €23,131 | +€18,467 | +396.0% |
| Trade receivables | 40 | €4,664 | €13,717 | +€9,053 | +194.1% |
| Other amounts receivable | 41 | - | €9,414 | +€9,414 | |
| Cash at bank and in hand | 54/58 | €45,925 | €65,364 | +€19,439 | +42.3% |
| Deferred charges and accrued income | 490/1 | €2,977 | €3,486 | +€509 | +17.1% |
| Total equity and liabilities | 10/49 | €79,641 | €131,844 | +€52,203 | +65.5% |
| Equity | 10/15 | €39,329 | €2,506 | -€36,823 | -93.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,829 | €6 | -€36,823 | -100.0% |
| Amounts payable | 17/49 | €40,312 | €129,337 | +€89,026 | +220.8% |
| Amounts payable after more than one year | 17 | €6,384 | €20,144 | +€13,760 | +215.6% |
| Financial debts | 170/4 | €6,384 | €20,144 | +€13,760 | +215.6% |
| Amounts payable within one year | 42/48 | €33,928 | €109,193 | +€75,265 | +221.8% |
| Current portion of amounts payable after more than one year | 42 | €2,655 | €11,654 | +€8,998 | +338.9% |
| Trade debts | 44 | €44 | €2,234 | +€2,189 | +4961.2% |
| Suppliers | 440/4 | €44 | €2,234 | +€2,189 | +4961.2% |
| Taxes, remuneration and social security | 45 | €17,468 | €16,006 | -€1,462 | -8.4% |
| Taxes | 450/3 | €17,468 | €16,006 | -€1,462 | -8.4% |
| Other amounts payable | 47/48 | €13,761 | €79,300 | +€65,539 | +476.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,423 | €18,828 | +€10,405 | +123.5% |
| Other operating charges | 640/8 | €1,088 | €736 | -€353 | -32.4% |
| Gross operating margin | 9900 | €44,816 | €76,152 | +€31,335 | +69.9% |
| Operating profit (loss) | 9901 | €35,305 | €56,588 | +€21,283 | +60.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,162 | €599 | -€562 | -48.4% |
| Recurring financial charges | 65 | €1,162 | €599 | -€562 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €34,144 | €55,989 | +€21,846 | +64.0% |
| Income taxes | 67/77 | €8,487 | €13,512 | +€5,025 | +59.2% |
| Profit (loss) for the period | 9904 | €25,657 | €42,477 | +€16,821 | +65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,657 | €42,477 | +€16,821 | +65.6% |
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 29 September 2026 via checked.be.