CDRL: 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.
CDRL
Largest movements
- Tangible fixed assets -€74,235
down €74,235 (-3.4%), from €2.2m to €2.1m
of which Land and buildings: -€54,397
- Debts after one year -€81,585
down €81,585 (-3.9%), from €2.1m to €2.0m
- Current portion of long-term debt +€47,959
up €47,959 (+129.5%), from €37,026 to €84,985
- Profit (loss) carried forward -€22,482
down €22,482 (-46.2%), from -€48,645 to -€71,127
- Depreciation +€37,446
up €37,446 (+101.8%), from €36,789 to €74,235
- Financial charges -€20,040
down €20,040 (-23.1%), from €86,723 to €66,683
- Gross operating margin -€13,949
down €13,949 (-10.5%), from €132,628 to €118,680
- Financial income -€2,442
no longer reported in 2025 (was €2,442)
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 | €2,184,150 | €2,131,042 | -€53,108 | -2.4% |
| Fixed assets | 21/28 | €2,165,910 | €2,091,675 | -€74,235 | -3.4% |
| Tangible fixed assets | 22/27 | €2,165,910 | €2,091,675 | -€74,235 | -3.4% |
| Land and buildings | 22 | €2,085,089 | €2,030,692 | -€54,397 | -2.6% |
| Plant, machinery and equipment | 23 | €21,681 | €19,223 | -€2,458 | -11.3% |
| Furniture and vehicles | 24 | €59,140 | €41,760 | -€17,380 | -29.4% |
| Current assets | 29/58 | €18,240 | €39,367 | +€21,127 | +115.8% |
| Cash at bank and in hand | 54/58 | €16,952 | €38,472 | +€21,520 | +126.9% |
| Deferred charges and accrued income | 490/1 | €1,288 | €895 | -€393 | -30.5% |
| Total equity and liabilities | 10/49 | €2,184,150 | €2,131,042 | -€53,108 | -2.4% |
| Equity | 10/15 | €51,355 | €28,873 | -€22,482 | -43.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,645 | -€71,127 | -€22,482 | -46.2% |
| Amounts payable | 17/49 | €2,132,795 | €2,102,169 | -€30,626 | -1.4% |
| Amounts payable after more than one year | 17 | €2,081,869 | €2,000,284 | -€81,585 | -3.9% |
| Financial debts | 170/4 | €2,081,869 | €2,000,284 | -€81,585 | -3.9% |
| Amounts payable within one year | 42/48 | €50,927 | €86,558 | +€35,631 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €37,026 | €84,985 | +€47,959 | +129.5% |
| Trade debts | 44 | €50 | - | -€50 | |
| Suppliers | 440/4 | €50 | - | -€50 | |
| Taxes, remuneration and social security | 45 | €3,283 | €243 | -€3,040 | -92.6% |
| Taxes | 450/3 | €3,283 | €243 | -€3,040 | -92.6% |
| Other amounts payable | 47/48 | €10,568 | €1,330 | -€9,237 | -87.4% |
| Accrued charges and deferred income | 492/3 | - | €15,327 | +€15,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,789 | €74,235 | +€37,446 | +101.8% |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €132,628 | €118,680 | -€13,949 | -10.5% |
| Operating profit (loss) | 9901 | €95,789 | €44,444 | -€51,345 | -53.6% |
| Financial income | 75/76B | €2,442 | - | -€2,442 | |
| Recurring financial income | 75 | €2,442 | - | -€2,442 | |
| Financial charges | 65/66B | €86,723 | €66,683 | -€20,040 | -23.1% |
| Recurring financial charges | 65 | €86,723 | €66,683 | -€20,040 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €11,508 | -€22,239 | -€33,747 | |
| Income taxes | 67/77 | €209 | €243 | +€34 | +16.4% |
| Profit (loss) for the period | 9904 | €11,299 | -€22,482 | -€33,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,299 | -€22,482 | -€33,781 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.