CDS SOFTWARE: 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 SOFTWARE
Largest movements
- Receivables within one year -€2.7m
down €2.7m (-89.7%), from €3.0m to €309,955
of which Other amounts receivable: -€2.7m
- Current investments +€2.5m
new in 2025: €2.5m
- Cash +€494,670
up €494,670 (+699%), from €70,767 to €565,438
mainly Receivables within one year (+€2.7m) and Net result for the year (+€293,227)
- Reserves +€293,227
up €293,227 (+9.5%), from €3.1m to €3.4m
- Financial income -€2.7m
down €2.7m (-89.9%), from €3.0m to €301,677
- Depreciation -€6,452
down €6,452 (-37.8%), from €17,056 to €10,604
- Gross operating margin -€529
down €529 (-3.8%), from €14,062 to €13,533
- Taxes +€423
up €423 (+4.2%), from €10,000 to €10,423
- Other operating charges -€389
down €389 (-59.1%), from €658 to €269
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 | €6,509,320 | €6,799,698 | +€290,379 | +4.5% |
| Fixed assets | 21/28 | €3,432,642 | €3,422,037 | -€10,604 | -0.3% |
| Tangible fixed assets | 22/27 | €13,640 | €3,035 | -€10,604 | -77.7% |
| Plant, machinery and equipment | 23 | €3,564 | €3,035 | -€529 | -14.8% |
| Furniture and vehicles | 24 | €10,075 | - | -€10,075 | |
| Financial fixed assets | 28 | €3,419,002 | €3,419,002 | = | 0.0% |
| Current assets | 29/58 | €3,076,678 | €3,377,661 | +€300,983 | +9.8% |
| Amounts receivable within one year | 40/41 | €3,005,911 | €309,955 | -€2.7m | -89.7% |
| Trade receivables | 40 | €2,641 | €2,545 | -€95 | -3.6% |
| Other amounts receivable | 41 | €3,003,270 | €307,410 | -€2.7m | -89.8% |
| Current investments | 50/53 | - | €2,500,000 | +€2.5m | |
| Cash at bank and in hand | 54/58 | €70,767 | €565,438 | +€494,670 | +699% |
| Deferred charges and accrued income | 490/1 | - | €2,268 | +€2,268 | |
| Total equity and liabilities | 10/49 | €6,509,320 | €6,799,698 | +€290,379 | +4.5% |
| Equity | 10/15 | €6,505,825 | €6,799,051 | +€293,227 | +4.5% |
| Contributions | 10/11 | €3,425,202 | €3,425,202 | = | 0.0% |
| Reserves | 13 | €3,080,623 | €3,373,849 | +€293,227 | +9.5% |
| Distributable reserves | 133 | €3,080,623 | €3,373,849 | +€293,227 | +9.5% |
| Amounts payable | 17/49 | €3,495 | €647 | -€2,848 | -81.5% |
| Amounts payable within one year | 42/48 | €3,495 | €647 | -€2,848 | -81.5% |
| Current portion of amounts payable after more than one year | 42 | €2,288 | - | -€2,288 | |
| Trade debts | 44 | €1,207 | €470 | -€737 | -61.1% |
| Suppliers | 440/4 | €1,207 | €470 | -€737 | -61.1% |
| Taxes, remuneration and social security | 45 | - | €177 | +€177 | |
| Taxes | 450/3 | - | €177 | +€177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,056 | €10,604 | -€6,452 | -37.8% |
| Other operating charges | 640/8 | €658 | €269 | -€389 | -59.1% |
| Gross operating margin | 9900 | €14,062 | €13,533 | -€529 | -3.8% |
| Operating profit (loss) | 9901 | -€3,653 | €2,660 | +€6,313 | |
| Financial income | 75/76B | €3,000,072 | €301,677 | -€2.7m | -89.9% |
| Recurring financial income | 75 | €3,000,072 | €301,677 | -€2.7m | -89.9% |
| Financial charges | 65/66B | €500 | €687 | +€188 | +37.5% |
| Recurring financial charges | 65 | €500 | €687 | +€188 | +37.5% |
| Profit (loss) for the period before taxes | 9903 | €2,995,919 | €303,650 | -€2.7m | -89.9% |
| Income taxes | 67/77 | €10,000 | €10,423 | +€423 | +4.2% |
| Profit (loss) for the period | 9904 | €2,985,919 | €293,227 | -€2.7m | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,985,919 | €293,227 | -€2.7m | -90.2% |
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 20 October 2026 via checked.be.