CDP Invest: 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.
CDP Invest
Largest movements
- Receivables after one year +€526,171
new in 2025: €526,171
- Financial fixed assets -€340,135
no longer reported in 2025 (was €340,135)
- Tangible fixed assets +€72,169
up €72,169 (+215%), from €33,599 to €105,767
- Cash +€32,403
up €32,403 (+141%), from €22,959 to €55,362
mainly Other debts (+€373,259) and Net result for the year (+€258,841)
- Receivables within one year -€31,417
down €31,417 (-63.4%), from €49,528 to €18,111
of which Trade receivables: -€19,694
- Other debts +€373,259
new in 2025: €373,259
- Profit (loss) carried forward -€94,508
down €94,508 (-30.8%), from €306,365 to €211,857
- Tax, wage and social debts -€30,296
down €30,296 (-89.3%), from €33,928 to €3,632
- Current portion of long-term debt +€17,669
up €17,669 (+70.5%), from €25,053 to €42,722
- Debts after one year -€9,243
down €9,243 (-9.6%), from €95,856 to €86,613
- Financial income +€187,528
up €187,528 (+1,183%), from €15,851 to €203,379
- Gross operating margin -€21,056
down €21,056 (-16.2%), from €129,972 to €108,916
- Depreciation +€18,932
up €18,932 (+1,100%), from €1,722 to €20,654
- Taxes -€5,906
down €5,906 (-18.2%), from €32,374 to €26,468
- Financial charges +€1,411
up €1,411 (+41.8%), from €3,373 to €4,784
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 | €464,313 | €721,445 | +€257,132 | +55.4% |
| Fixed assets | 21/28 | €373,734 | €105,767 | -€267,967 | -71.7% |
| Tangible fixed assets | 22/27 | €33,599 | €105,767 | +€72,169 | +215% |
| Furniture and vehicles | 24 | €33,599 | €105,767 | +€72,169 | +215% |
| Financial fixed assets | 28 | €340,135 | - | -€340,135 | |
| Current assets | 29/58 | €90,579 | €615,678 | +€525,099 | +580% |
| Amounts receivable after more than one year | 29 | - | €526,171 | +€526,171 | |
| Other amounts receivable | 291 | - | €526,171 | +€526,171 | |
| Amounts receivable within one year | 40/41 | €49,528 | €18,111 | -€31,417 | -63.4% |
| Trade receivables | 40 | €21,963 | €2,269 | -€19,694 | -89.7% |
| Other amounts receivable | 41 | €27,565 | €15,842 | -€11,723 | -42.5% |
| Cash at bank and in hand | 54/58 | €22,959 | €55,362 | +€32,403 | +141% |
| Deferred charges and accrued income | 490/1 | €18,093 | €16,034 | -€2,059 | -11.4% |
| Total equity and liabilities | 10/49 | €464,313 | €721,445 | +€257,132 | +55.4% |
| Equity | 10/15 | €308,365 | €213,857 | -€94,508 | -30.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,365 | €211,857 | -€94,508 | -30.8% |
| Amounts payable | 17/49 | €155,949 | €507,589 | +€351,640 | +225% |
| Amounts payable after more than one year | 17 | €95,856 | €86,613 | -€9,243 | -9.6% |
| Financial debts | 170/4 | €95,856 | €86,613 | -€9,243 | -9.6% |
| Amounts payable within one year | 42/48 | €59,335 | €420,828 | +€361,493 | +609% |
| Current portion of amounts payable after more than one year | 42 | €25,053 | €42,722 | +€17,669 | +70.5% |
| Trade debts | 44 | €354 | €1,215 | +€861 | +243% |
| Suppliers | 440/4 | €354 | €1,215 | +€861 | +243% |
| Taxes, remuneration and social security | 45 | €33,928 | €3,632 | -€30,296 | -89.3% |
| Taxes | 450/3 | €33,928 | €3,632 | -€30,296 | -89.3% |
| Other amounts payable | 47/48 | - | €373,259 | +€373,259 | |
| Accrued charges and deferred income | 492/3 | €758 | €148 | -€610 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,722 | €20,654 | +€18,932 | +1,100% |
| Other operating charges | 640/8 | €1,401 | €1,549 | +€149 | +10.6% |
| Gross operating margin | 9900 | €129,972 | €108,916 | -€21,056 | -16.2% |
| Operating profit (loss) | 9901 | €126,850 | €86,714 | -€40,136 | -31.6% |
| Financial income | 75/76B | €15,851 | €203,379 | +€187,528 | +1,183% |
| Recurring financial income | 75 | €15,851 | €203,379 | +€187,528 | +1,183% |
| Financial charges | 65/66B | €3,373 | €4,784 | +€1,411 | +41.8% |
| Recurring financial charges | 65 | €3,373 | €4,784 | +€1,411 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | €139,329 | €285,309 | +€145,981 | +105% |
| Income taxes | 67/77 | €32,374 | €26,468 | -€5,906 | -18.2% |
| Profit (loss) for the period | 9904 | €106,954 | €258,841 | +€151,887 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €106,954 | €258,841 | +€151,887 | +142% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.