CDO Partners: 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.
CDO Partners
Largest movements
- Receivables within one year +€16,671
new in 2025: €16,671
of which Trade receivables: +€16,456
- Deferred charges and accrued income +€10,651
up €10,651 (+543%), from €1,963 to €12,615
- Cash -€9,806
down €9,806 (-14.0%), from €69,793 to €59,987
mainly Receivables within one year (-€16,671) and Deferred charges and accrued income (-€10,651)
- Tangible fixed assets -€1,797
down €1,797 (-42.5%), from €4,231 to €2,434
- Reserves +€12,750
up €12,750 (+68.9%), from €18,500 to €31,250
- Other debts +€2,575
up €2,575 (+11.2%), from €22,928 to €25,504
- Taxes -€1,258
down €1,258 (-21.1%), from €5,975 to €4,717
- Depreciation +€345
up €345 (+23.8%), from €1,452 to €1,797
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 | €76,080 | €91,800 | +€15,720 | +20.7% |
| Fixed assets | 21/28 | €4,324 | €2,527 | -€1,797 | -41.6% |
| Tangible fixed assets | 22/27 | €4,231 | €2,434 | -€1,797 | -42.5% |
| Furniture and vehicles | 24 | €4,231 | €2,434 | -€1,797 | -42.5% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €71,757 | €89,273 | +€17,517 | +24.4% |
| Amounts receivable within one year | 40/41 | - | €16,671 | +€16,671 | |
| Trade receivables | 40 | - | €16,456 | +€16,456 | |
| Other amounts receivable | 41 | - | €215 | +€215 | |
| Cash at bank and in hand | 54/58 | €69,793 | €59,987 | -€9,806 | -14.0% |
| Deferred charges and accrued income | 490/1 | €1,963 | €12,615 | +€10,651 | +543% |
| Total equity and liabilities | 10/49 | €76,080 | €91,800 | +€15,720 | +20.7% |
| Equity | 10/15 | €39,835 | €52,772 | +€12,937 | +32.5% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €18,500 | €31,250 | +€12,750 | +68.9% |
| Distributable reserves | 133 | €18,500 | €31,250 | +€12,750 | +68.9% |
| Profit (loss) carried forward | 14 | €7,075 | €7,262 | +€187 | +2.6% |
| Amounts payable | 17/49 | €36,245 | €39,028 | +€2,783 | +7.7% |
| Amounts payable within one year | 42/48 | €36,245 | €39,028 | +€2,783 | +7.7% |
| Trade debts | 44 | €2,061 | €1,618 | -€443 | -21.5% |
| Suppliers | 440/4 | €2,061 | €1,618 | -€443 | -21.5% |
| Taxes, remuneration and social security | 45 | €11,255 | €11,906 | +€651 | +5.8% |
| Taxes | 450/3 | €11,255 | €11,906 | +€651 | +5.8% |
| Other amounts payable | 47/48 | €22,928 | €25,504 | +€2,575 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €1,797 | +€345 | +23.8% |
| Other operating charges | 640/8 | €640 | €528 | -€112 | -17.5% |
| Gross operating margin | 9900 | €20,106 | €20,084 | -€22 | -0.1% |
| Operating profit (loss) | 9901 | €18,014 | €17,759 | -€255 | -1.4% |
| Financial income | 75/76B | €21 | €57 | +€37 | +178% |
| Recurring financial income | 75 | €21 | €57 | +€37 | +178% |
| Financial charges | 65/66B | €130 | €163 | +€34 | +26.0% |
| Recurring financial charges | 65 | €130 | €163 | +€34 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €17,906 | €17,654 | -€252 | -1.4% |
| Income taxes | 67/77 | €5,975 | €4,717 | -€1,258 | -21.1% |
| Profit (loss) for the period | 9904 | €11,931 | €12,937 | +€1,006 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,931 | €12,937 | +€1,006 | +8.4% |
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 16 October 2026 via checked.be.