CDS André: 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.
CDS André
Largest movements
- Cash +€59,320
up €59,320 (+67.9%), from €87,319 to €146,639
mainly Net result for the year (+€130,844) and Depreciation (+€86,694)
- Receivables within one year +€58,171
up €58,171 (+159.1%), from €36,559 to €94,730
of which Trade receivables: +€58,768
- Tangible fixed assets +€10,148
up €10,148 (+2.4%), from €422,941 to €433,088
of which Furniture and vehicles: +€47,406
- Reserves +€89,667
up €89,667 (+21.0%), from €427,192 to €516,860
of which Distributable reserves: +€89,667
- Trade debts +€29,390
up €29,390 (+101.5%), from €28,945 to €58,335
- Other debts +€18,710
up €18,710 (+154120.6%), from €12 to €18,722
- Debts after one year -€7,509
down €7,509 (-16.2%), from €46,373 to €38,863
- Gross operating margin +€59,064
up €59,064 (+16.2%), from €364,011 to €423,075
- Depreciation +€21,968
up €21,968 (+33.9%), from €64,727 to €86,694
- Staff costs +€11,646
up €11,646 (+7.8%), from €149,066 to €160,711
- Other operating charges -€10,167
down €10,167 (-65.4%), from €15,537 to €5,370
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 | €547,633 | €675,769 | +€128,137 | +23.4% |
| Fixed assets | 21/28 | €423,075 | €433,222 | +€10,148 | +2.4% |
| Tangible fixed assets | 22/27 | €422,941 | €433,088 | +€10,148 | +2.4% |
| Land and buildings | 22 | €244,246 | €227,829 | -€16,417 | -6.7% |
| Plant, machinery and equipment | 23 | €85,804 | €64,962 | -€20,842 | -24.3% |
| Furniture and vehicles | 24 | €92,891 | €140,298 | +€47,406 | +51.0% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €124,558 | €242,547 | +€117,989 | +94.7% |
| Amounts receivable within one year | 40/41 | €36,559 | €94,730 | +€58,171 | +159.1% |
| Trade receivables | 40 | €14,376 | €73,145 | +€58,768 | +408.8% |
| Other amounts receivable | 41 | €22,183 | €21,586 | -€597 | -2.7% |
| Cash at bank and in hand | 54/58 | €87,319 | €146,639 | +€59,320 | +67.9% |
| Deferred charges and accrued income | 490/1 | €680 | €1,178 | +€497 | +73.1% |
| Total equity and liabilities | 10/49 | €547,633 | €675,769 | +€128,137 | +23.4% |
| Equity | 10/15 | €445,792 | €535,460 | +€89,667 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €427,192 | €516,860 | +€89,667 | +21.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €425,332 | €515,000 | +€89,667 | +21.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,840 | €140,310 | +€38,469 | +37.8% |
| Amounts payable after more than one year | 17 | €46,373 | €38,863 | -€7,509 | -16.2% |
| Financial debts | 170/4 | €46,373 | €38,863 | -€7,509 | -16.2% |
| Amounts payable within one year | 42/48 | €55,468 | €101,446 | +€45,978 | +82.9% |
| Current portion of amounts payable after more than one year | 42 | €9,408 | €9,684 | +€276 | +2.9% |
| Trade debts | 44 | €28,945 | €58,335 | +€29,390 | +101.5% |
| Suppliers | 440/4 | €28,945 | €58,335 | +€29,390 | +101.5% |
| Taxes, remuneration and social security | 45 | €17,103 | €14,705 | -€2,398 | -14.0% |
| Taxes | 450/3 | €7,691 | €1,000 | -€6,691 | -87.0% |
| Remuneration and social security | 454/9 | €9,412 | €13,705 | +€4,293 | +45.6% |
| Other amounts payable | 47/48 | €12 | €18,722 | +€18,710 | +154120.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €149,066 | €160,711 | +€11,646 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,727 | €86,694 | +€21,968 | +33.9% |
| Other operating charges | 640/8 | €15,537 | €5,370 | -€10,167 | -65.4% |
| Gross operating margin | 9900 | €364,011 | €423,075 | +€59,064 | +16.2% |
| Operating profit (loss) | 9901 | €134,681 | €170,299 | +€35,618 | +26.4% |
| Financial income | 75/76B | €0 | €1,668 | +€1,668 | |
| Recurring financial income | 75 | €0 | €1,668 | +€1,668 | |
| Financial charges | 65/66B | €4,155 | €2,843 | -€1,313 | -31.6% |
| Recurring financial charges | 65 | €4,155 | €2,843 | -€1,313 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €130,526 | €169,125 | +€38,599 | +29.6% |
| Income taxes | 67/77 | €34,780 | €38,281 | +€3,501 | +10.1% |
| Profit (loss) for the period | 9904 | €95,746 | €130,844 | +€35,098 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,746 | €130,844 | +€35,098 | +36.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.