CDRE: 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.
CDRE
Largest movements
- Tangible fixed assets -€16,823
down €16,823 (-5.9%), from €285,411 to €268,588
of which Land and buildings: -€12,851
- Profit (loss) carried forward -€12,565
down €12,565 (-14.2%), from -€88,275 to -€100,840
- Accrued charges and deferred income -€4,506
down €4,506 (-55.8%), from €8,072 to €3,566
- Gross operating margin +€30,280
up €30,280, from -€14,921 to €15,360
- Depreciation +€3,505
up €3,505 (+23.4%), from €14,982 to €18,487
- Financial charges +€872
up €872 (+19.4%), from €4,504 to €5,376
- Other operating charges +€181
up €181 (+4.7%), from €3,880 to €4,061
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €286,314 | €270,832 | -€15,482 | -5.4% |
| Fixed assets | 21/28 | €285,411 | €268,588 | -€16,823 | -5.9% |
| Tangible fixed assets | 22/27 | €285,411 | €268,588 | -€16,823 | -5.9% |
| Land and buildings | 22 | €264,380 | €251,529 | -€12,851 | -4.9% |
| Plant, machinery and equipment | 23 | €583 | €437 | -€146 | -25.0% |
| Furniture and vehicles | 24 | €20,448 | €16,622 | -€3,826 | -18.7% |
| Current assets | 29/58 | €903 | €2,244 | +€1,341 | +148.5% |
| Cash at bank and in hand | 54/58 | €289 | €520 | +€231 | +79.8% |
| Deferred charges and accrued income | 490/1 | €614 | €1,724 | +€1,111 | +180.9% |
| Total equity and liabilities | 10/49 | €286,314 | €270,832 | -€15,482 | -5.4% |
| Equity | 10/15 | -€28,275 | -€40,840 | -€12,565 | -44.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | - | -€60,000 | |
| Issued capital | 100 | €60,000 | - | -€60,000 | |
| Profit (loss) carried forward | 14 | -€88,275 | -€100,840 | -€12,565 | -14.2% |
| Amounts payable | 17/49 | €314,589 | €311,672 | -€2,917 | -0.9% |
| Amounts payable after more than one year | 17 | €287,284 | €288,680 | +€1,396 | +0.5% |
| Financial debts | 170/4 | €287,284 | €96,685 | -€190,599 | -66.3% |
| Other amounts payable | 178/9 | - | €191,995 | +€191,995 | |
| Amounts payable within one year | 42/48 | €19,234 | €19,427 | +€193 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €19,234 | €19,427 | +€193 | +1.0% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €8,072 | €3,566 | -€4,506 | -55.8% |
| Non-recurring operating income | 76A | - | €10 | +€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,982 | €18,487 | +€3,505 | +23.4% |
| Other operating charges | 640/8 | €3,880 | €4,061 | +€181 | +4.7% |
| Non-recurring operating charges | 66A | €7,144 | €0 | -€7,144 | -100.0% |
| Gross operating margin | 9900 | -€14,921 | €15,360 | +€30,280 | |
| Operating profit (loss) | 9901 | -€40,927 | -€7,189 | +€33,738 | +82.4% |
| Financial charges | 65/66B | €4,504 | €5,376 | +€872 | +19.4% |
| Recurring financial charges | 65 | €4,504 | €5,376 | +€872 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,431 | -€12,565 | +€32,866 | +72.3% |
| Profit (loss) for the period | 9904 | -€45,431 | -€12,565 | +€32,866 | +72.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,431 | -€12,565 | +€32,866 | +72.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.