CDS-IP: 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-IP
Largest movements
- Receivables within one year +€247,985
up €247,985 (+10.5%), from €2.4m to €2.6m
of which Other amounts receivable: +€257,164
- Tangible fixed assets -€89,440
down €89,440 (-24.0%), from €373,137 to €283,697
of which Other tangible fixed assets: -€89,440
- Profit (loss) carried forward +€170,460
up €170,460 (+67.3%), from €253,400 to €423,861
- Gross operating margin +€11,413
up €11,413 (+4.7%), from €244,020 to €255,433
- Taxes -€8,055
down €8,055 (-14.0%), from €57,683 to €49,628
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 | €2,771,205 | €2,948,783 | +€177,578 | +6.4% |
| Fixed assets | 21/28 | €373,137 | €283,697 | -€89,440 | -24.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | 0.0% |
| Tangible fixed assets | 22/27 | €373,137 | €283,697 | -€89,440 | -24.0% |
| Land and buildings | 22 | €193,357 | €193,357 | = | 0.0% |
| Other tangible fixed assets | 26 | €179,780 | €90,340 | -€89,440 | -49.7% |
| Current assets | 29/58 | €2,398,068 | €2,665,086 | +€267,018 | +11.1% |
| Amounts receivable within one year | 40/41 | €2,368,099 | €2,616,084 | +€247,985 | +10.5% |
| Trade receivables | 40 | €37,339 | €28,160 | -€9,179 | -24.6% |
| Other amounts receivable | 41 | €2,330,760 | €2,587,924 | +€257,164 | +11.0% |
| Cash at bank and in hand | 54/58 | €29,969 | €49,001 | +€19,032 | +63.5% |
| Total equity and liabilities | 10/49 | €2,771,205 | €2,948,783 | +€177,578 | +6.4% |
| Equity | 10/15 | €2,745,672 | €2,925,104 | +€179,432 | +6.5% |
| Contributions | 10/11 | €2,478,935 | €2,478,935 | = | 0.0% |
| Capital | 10 | €2,478,935 | €2,478,935 | = | 0.0% |
| Issued capital | 100 | €2,478,935 | €2,478,935 | = | 0.0% |
| Reserves | 13 | €13,337 | €22,308 | +€8,972 | +67.3% |
| Non-distributable reserves | 130/1 | €13,337 | €22,308 | +€8,972 | +67.3% |
| Legal reserve | 130 | €13,337 | €22,308 | +€8,972 | +67.3% |
| Profit (loss) carried forward | 14 | €253,400 | €423,861 | +€170,460 | +67.3% |
| Amounts payable | 17/49 | €25,533 | €23,679 | -€1,854 | -7.3% |
| Amounts payable within one year | 42/48 | €4,745 | €3,804 | -€941 | -19.8% |
| Trade debts | 44 | - | €3,804 | +€3,804 | |
| Suppliers | 440/4 | - | €3,804 | +€3,804 | |
| Taxes, remuneration and social security | 45 | €4,745 | - | -€4,745 | |
| Taxes | 450/3 | €4,745 | - | -€4,745 | |
| Accrued charges and deferred income | 492/3 | €20,788 | €19,875 | -€913 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,440 | €89,440 | = | 0.0% |
| Other operating charges | 640/8 | €55,302 | €56,004 | +€702 | +1.3% |
| Gross operating margin | 9900 | €244,020 | €255,433 | +€11,413 | +4.7% |
| Operating profit (loss) | 9901 | €99,278 | €109,990 | +€10,712 | +10.8% |
| Financial income | 75/76B | €119,558 | €119,872 | +€314 | +0.3% |
| Recurring financial income | 75 | €119,558 | €119,872 | +€314 | +0.3% |
| Financial charges | 65/66B | €772 | €802 | +€30 | +3.9% |
| Recurring financial charges | 65 | €772 | €802 | +€30 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €218,064 | €229,060 | +€10,996 | +5.0% |
| Income taxes | 67/77 | €57,683 | €49,628 | -€8,055 | -14.0% |
| Profit (loss) for the period | 9904 | €160,381 | €179,432 | +€19,051 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €160,381 | €179,432 | +€19,051 | +11.9% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.