CDS & CO: 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 & CO
Largest movements
- Cash +€158,543
up €158,543 (+2154.7%), from €7,358 to €165,901
mainly Net result for the year (+€160,842) and Tax, wage and social debts (+€64,667)
- Receivables within one year +€63,377
up €63,377 (+121.7%), from €52,086 to €115,463
of which Other amounts receivable: +€33,379
- Reserves +€100,000
up €100,000 (+500.0%), from €20,000 to €120,000
- Tax, wage and social debts +€64,667
up €64,667 (+334.4%), from €19,341 to €84,008
of which Taxes: +€64,767
- Profit (loss) carried forward +€60,842
up €60,842 (+435.2%), from €13,981 to €74,823
- Gross operating margin +€174,328
up €174,328 (+361.5%), from €48,222 to €222,550
- Taxes +€47,551
up €47,551 (+333.9%), from €14,241 to €61,792
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 | €59,444 | €283,353 | +€223,909 | +376.7% |
| Fixed assets | 21/28 | - | €1,989 | +€1,989 | |
| Tangible fixed assets | 22/27 | - | €1,989 | +€1,989 | |
| Furniture and vehicles | 24 | - | €1,989 | +€1,989 | |
| Current assets | 29/58 | €59,444 | €281,364 | +€221,920 | +373.3% |
| Amounts receivable within one year | 40/41 | €52,086 | €115,463 | +€63,377 | +121.7% |
| Trade receivables | 40 | €52,086 | €82,084 | +€29,998 | +57.6% |
| Other amounts receivable | 41 | - | €33,379 | +€33,379 | |
| Cash at bank and in hand | 54/58 | €7,358 | €165,901 | +€158,543 | +2154.7% |
| Total equity and liabilities | 10/49 | €59,444 | €283,353 | +€223,909 | +376.7% |
| Equity | 10/15 | €38,481 | €199,323 | +€160,842 | +418.0% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €20,000 | €120,000 | +€100,000 | +500.0% |
| Distributable reserves | 133 | €20,000 | €120,000 | +€100,000 | +500.0% |
| Profit (loss) carried forward | 14 | €13,981 | €74,823 | +€60,842 | +435.2% |
| Amounts payable | 17/49 | €20,963 | €84,030 | +€63,067 | +300.8% |
| Amounts payable within one year | 42/48 | €20,963 | €84,030 | +€63,067 | +300.8% |
| Trade debts | 44 | - | €22 | +€22 | |
| Suppliers | 440/4 | - | €22 | +€22 | |
| Taxes, remuneration and social security | 45 | €19,341 | €84,008 | +€64,667 | +334.4% |
| Taxes | 450/3 | €19,241 | €84,008 | +€64,767 | +336.6% |
| Remuneration and social security | 454/9 | €100 | - | -€100 | |
| Other amounts payable | 47/48 | €1,622 | - | -€1,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €421 | +€421 | |
| Gross operating margin | 9900 | €48,222 | €222,550 | +€174,328 | +361.5% |
| Operating profit (loss) | 9901 | €48,222 | €222,129 | +€173,907 | +360.6% |
| Financial income | 75/76B | - | €904 | +€904 | |
| Recurring financial income | 75 | - | €904 | +€904 | |
| Financial charges | 65/66B | - | €399 | +€399 | |
| Recurring financial charges | 65 | - | €399 | +€399 | |
| Profit (loss) for the period before taxes | 9903 | €48,222 | €222,634 | +€174,412 | +361.7% |
| Income taxes | 67/77 | €14,241 | €61,792 | +€47,551 | +333.9% |
| Profit (loss) for the period | 9904 | €33,981 | €160,842 | +€126,861 | +373.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,981 | €160,842 | +€126,861 | +373.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.