CDT Construct: 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.
CDT Construct
Largest movements
- Cash +€19,556
up €19,556 (+20.4%), from €95,927 to €115,483
mainly Net result for the year (+€41,087) and Depreciation (+€20,896)
- Tangible fixed assets +€8,080
up €8,080 (+102.1%), from €7,914 to €15,994
of which Furniture and vehicles: +€7,711
- Receivables within one year -€7,833
down €7,833 (-16.5%), from €47,346 to €39,513
of which Other amounts receivable: -€8,240
- Deferred charges and accrued income -€1,986
down €1,986 (-16.5%), from €12,041 to €10,054
- Reserves +€12,265
up €12,265 (+21.5%), from €57,019 to €69,283
- Other debts +€8,604
up €8,604 (+42.6%), from €20,218 to €28,823
- Tax, wage and social debts -€3,342
down €3,342 (-75.2%), from €4,445 to €1,103
- Gross operating margin +€58,877
up €58,877 (+244.4%), from €24,095 to €82,972
- Depreciation +€19,921
up €19,921 (+2044.0%), from €975 to €20,896
- Taxes +€10,445
up €10,445 (+118.4%), from €8,820 to €19,265
- Other operating charges -€1,647
down €1,647 (-68.7%), from €2,396 to €749
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 | €163,227 | €181,044 | +€17,817 | +10.9% |
| Fixed assets | 21/28 | €7,914 | €15,994 | +€8,080 | +102.1% |
| Tangible fixed assets | 22/27 | €7,914 | €15,994 | +€8,080 | +102.1% |
| Plant, machinery and equipment | 23 | €1,638 | €2,007 | +€369 | +22.6% |
| Furniture and vehicles | 24 | €6,276 | €13,986 | +€7,711 | +122.9% |
| Current assets | 29/58 | €155,313 | €165,050 | +€9,737 | +6.3% |
| Amounts receivable within one year | 40/41 | €47,346 | €39,513 | -€7,833 | -16.5% |
| Trade receivables | 40 | €21,162 | €21,569 | +€407 | +1.9% |
| Other amounts receivable | 41 | €26,184 | €17,944 | -€8,240 | -31.5% |
| Cash at bank and in hand | 54/58 | €95,927 | €115,483 | +€19,556 | +20.4% |
| Deferred charges and accrued income | 490/1 | €12,041 | €10,054 | -€1,986 | -16.5% |
| Total equity and liabilities | 10/49 | €163,227 | €181,044 | +€17,817 | +10.9% |
| Equity | 10/15 | €107,019 | €119,284 | +€12,265 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,019 | €69,283 | +€12,265 | +21.5% |
| Distributable reserves | 133 | €57,019 | €69,283 | +€12,265 | +21.5% |
| Profit (loss) carried forward | 14 | €31,401 | €31,401 | = | 0.0% |
| Amounts payable | 17/49 | €56,208 | €61,760 | +€5,552 | +9.9% |
| Amounts payable within one year | 42/48 | €56,208 | €61,760 | +€5,552 | +9.9% |
| Trade debts | 44 | €31,544 | €31,834 | +€290 | +0.9% |
| Suppliers | 440/4 | €31,544 | €31,834 | +€290 | +0.9% |
| Taxes, remuneration and social security | 45 | €4,445 | €1,103 | -€3,342 | -75.2% |
| Taxes | 450/3 | €4,445 | €1,103 | -€3,342 | -75.2% |
| Other amounts payable | 47/48 | €20,218 | €28,823 | +€8,604 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €975 | €20,896 | +€19,921 | +2044.0% |
| Other operating charges | 640/8 | €2,396 | €749 | -€1,647 | -68.7% |
| Gross operating margin | 9900 | €24,095 | €82,972 | +€58,877 | +244.4% |
| Operating profit (loss) | 9901 | €20,725 | €61,328 | +€40,602 | +195.9% |
| Financial income | 75/76B | €226 | €642 | +€417 | +184.7% |
| Recurring financial income | 75 | €226 | €642 | +€417 | +184.7% |
| Financial charges | 65/66B | €862 | €1,618 | +€756 | +87.8% |
| Recurring financial charges | 65 | €862 | €1,618 | +€756 | +87.8% |
| Profit (loss) for the period before taxes | 9903 | €20,089 | €60,352 | +€40,263 | +200.4% |
| Income taxes | 67/77 | €8,820 | €19,265 | +€10,445 | +118.4% |
| Profit (loss) for the period | 9904 | €11,269 | €41,087 | +€29,818 | +264.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,269 | €41,087 | +€29,818 | +264.6% |
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 28 September 2026 via checked.be.