CDS: 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.
CDS
Largest movements
- Cash -€4,947
down €4,947 (-73.1%), from €6,765 to €1,817
mainly Tax, wage and social debts (-€4,133) and Net result for the year (-€1,522)
- Receivables within one year +€609
up €609 (+1.4%), from €45,036 to €45,645
of which Other amounts receivable: +€609
- Tax, wage and social debts -€4,133
down €4,133 (-100%), from €4,133 to €0
- Profit (loss) carried forward -€1,522
down €1,522 (-21.5%), from €7,066 to €5,544
- Trade debts +€966
up €966 (+2.6%), from €37,492 to €38,458
- Gross operating margin +€2,636
up €2,636 (+66.5%), from -€3,962 to -€1,327
- Taxes -€261
down €261, from €0 to -€261
- Other operating charges +€153
up €153 (+75.1%), from €203 to €356
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 | €52,152 | €47,462 | -€4,690 | -9.0% |
| Current assets | 29/58 | €52,152 | €47,462 | -€4,690 | -9.0% |
| Amounts receivable within one year | 40/41 | €45,036 | €45,645 | +€609 | +1.4% |
| Trade receivables | 40 | €45,036 | €45,036 | = | 0.0% |
| Other amounts receivable | 41 | - | €609 | +€609 | |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €6,765 | €1,817 | -€4,947 | -73.1% |
| Deferred charges and accrued income | 490/1 | €351 | €0 | -€351 | -100% |
| Total equity and liabilities | 10/49 | €52,152 | €47,462 | -€4,690 | -9.0% |
| Equity | 10/15 | €9,066 | €7,544 | -€1,522 | -16.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,066 | €5,544 | -€1,522 | -21.5% |
| Amounts payable | 17/49 | €43,086 | €39,918 | -€3,168 | -7.4% |
| Amounts payable within one year | 42/48 | €43,086 | €39,918 | -€3,168 | -7.4% |
| Trade debts | 44 | €37,492 | €38,458 | +€966 | +2.6% |
| Suppliers | 440/4 | €37,492 | €38,458 | +€966 | +2.6% |
| Taxes, remuneration and social security | 45 | €4,133 | €0 | -€4,133 | -100% |
| Taxes | 450/3 | €4,133 | €0 | -€4,133 | -100% |
| Other amounts payable | 47/48 | €1,461 | €1,461 | = | 0.0% |
| Other operating charges | 640/8 | €203 | €356 | +€153 | +75.1% |
| Gross operating margin | 9900 | -€3,962 | -€1,327 | +€2,636 | +66.5% |
| Operating profit (loss) | 9901 | -€4,165 | -€1,682 | +€2,483 | +59.6% |
| Financial charges | 65/66B | €124 | €101 | -€23 | -18.2% |
| Recurring financial charges | 65 | €124 | €101 | -€23 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,289 | -€1,783 | +€2,506 | +58.4% |
| Income taxes | 67/77 | €0 | -€261 | -€261 | |
| Profit (loss) for the period | 9904 | -€4,289 | -€1,522 | +€2,767 | +64.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,289 | -€1,522 | +€2,767 | +64.5% |
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.