CDS Electricité: 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 Electricité
Largest movements
- Cash +€23,120
up €23,120 (+24.5%), from €94,417 to €117,537
mainly Net result for the year (+€38,491) and Depreciation (+€12,151)
- Receivables within one year +€6,062
up €6,062 (+67.6%), from €8,970 to €15,032
of which Trade receivables: +€3,738
- Tangible fixed assets -€4,182
down €4,182 (-8.5%), from €49,070 to €44,888
of which Furniture and vehicles: -€8,730
- Reserves +€38,491
up €38,491 (+35.9%), from €107,134 to €145,625
- Other debts -€14,157
down €14,157 (-69.8%), from €20,296 to €6,139
- Debts after one year -€5,546
down €5,546 (-49.1%), from €11,295 to €5,749
- Trade debts +€5,323
up €5,323 (+136.9%), from €3,888 to €9,211
- Staff costs +€3,298
up €3,298 (+26.2%), from €12,590 to €15,888
- Gross operating margin +€2,576
up €2,576 (+3.5%), from €74,057 to €76,633
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 | €161,829 | €185,012 | +€23,182 | +14.3% |
| Fixed assets | 21/28 | €49,070 | €44,888 | -€4,182 | -8.5% |
| Tangible fixed assets | 22/27 | €49,070 | €44,888 | -€4,182 | -8.5% |
| Land and buildings | 22 | €6,315 | €4,240 | -€2,075 | -32.9% |
| Plant, machinery and equipment | 23 | €1,263 | €1,007 | -€256 | -20.3% |
| Furniture and vehicles | 24 | €24,488 | €15,758 | -€8,730 | -35.6% |
| Other tangible fixed assets | 26 | €17,004 | €23,883 | +€6,879 | +40.5% |
| Current assets | 29/58 | €112,759 | €140,123 | +€27,364 | +24.3% |
| Stocks and contracts in progress | 3 | €9,259 | €7,437 | -€1,822 | -19.7% |
| Stocks | 30/36 | €9,259 | €7,437 | -€1,822 | -19.7% |
| Amounts receivable within one year | 40/41 | €8,970 | €15,032 | +€6,062 | +67.6% |
| Trade receivables | 40 | €8,771 | €12,509 | +€3,738 | +42.6% |
| Other amounts receivable | 41 | €199 | €2,523 | +€2,324 | +1168.1% |
| Cash at bank and in hand | 54/58 | €94,417 | €117,537 | +€23,120 | +24.5% |
| Deferred charges and accrued income | 490/1 | €114 | €118 | +€5 | +4.0% |
| Total equity and liabilities | 10/49 | €161,829 | €185,012 | +€23,182 | +14.3% |
| Equity | 10/15 | €117,134 | €155,625 | +€38,491 | +32.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €107,134 | €145,625 | +€38,491 | +35.9% |
| Distributable reserves | 133 | €107,134 | €145,625 | +€38,491 | +35.9% |
| Amounts payable | 17/49 | €44,696 | €29,387 | -€15,308 | -34.3% |
| Amounts payable after more than one year | 17 | €11,295 | €5,749 | -€5,546 | -49.1% |
| Financial debts | 170/4 | €11,295 | €5,749 | -€5,546 | -49.1% |
| Amounts payable within one year | 42/48 | €33,401 | €23,638 | -€9,763 | -29.2% |
| Current portion of amounts payable after more than one year | 42 | €5,349 | €5,546 | +€196 | +3.7% |
| Trade debts | 44 | €3,888 | €9,211 | +€5,323 | +136.9% |
| Suppliers | 440/4 | €3,888 | €9,211 | +€5,323 | +136.9% |
| Taxes, remuneration and social security | 45 | €3,868 | €2,743 | -€1,125 | -29.1% |
| Taxes | 450/3 | €2,730 | €1,236 | -€1,494 | -54.7% |
| Remuneration and social security | 454/9 | €1,138 | €1,507 | +€369 | +32.4% |
| Other amounts payable | 47/48 | €20,296 | €6,139 | -€14,157 | -69.8% |
| Non-recurring operating income | 76A | €714 | €760 | +€46 | +6.4% |
| Remuneration, social security and pensions | 62 | €12,590 | €15,888 | +€3,298 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,612 | €12,151 | +€540 | +4.6% |
| Other operating charges | 640/8 | €504 | €444 | -€60 | -12.0% |
| Gross operating margin | 9900 | €74,057 | €76,633 | +€2,576 | +3.5% |
| Operating profit (loss) | 9901 | €49,351 | €48,150 | -€1,201 | -2.4% |
| Financial income | 75/76B | €28 | €498 | +€471 | +1688.2% |
| Recurring financial income | 75 | €28 | €498 | +€471 | +1688.2% |
| Financial charges | 65/66B | €864 | €671 | -€193 | -22.4% |
| Recurring financial charges | 65 | €864 | €671 | -€193 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €48,515 | €47,977 | -€538 | -1.1% |
| Income taxes | 67/77 | €9,772 | €9,487 | -€285 | -2.9% |
| Profit (loss) for the period | 9904 | €38,743 | €38,491 | -€252 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,743 | €38,491 | -€252 | -0.7% |
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 10 October 2026 via checked.be.