CDW: 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.
CDW
Largest movements
- Receivables within one year +€3.5m
up €3.5m (+242.5%), from €1.5m to €5.0m
- Stocks and contracts +€746,754
up €746,754 (+81.2%), from €919,713 to €1.7m
- Other debts +€3.7m
up €3.7m (+10475.3%), from €35,411 to €3.7m
- Debts after one year +€640,604
up €640,604 (+27.1%), from €2.4m to €3.0m
- Financial income +€81,140
up €81,140 (+179.7%), from €45,145 to €126,285
- Financial charges +€11,476
up €11,476 (+9.7%), from €118,285 to €129,761
- Gross operating margin +€7,994
up €7,994, from -€7,099 to €895
- Other operating charges +€76
up €76 (+152.0%), from €50 to €126
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 | €2,387,878 | €6,730,840 | +€4.3m | +181.9% |
| Current assets | 29/58 | €2,387,878 | €6,730,840 | +€4.3m | +181.9% |
| Stocks and contracts in progress | 3 | €919,713 | €1,666,467 | +€746,754 | +81.2% |
| Stocks | 30/36 | €919,713 | €1,666,467 | +€746,754 | +81.2% |
| Amounts receivable within one year | 40/41 | €1,456,558 | €4,989,278 | +€3.5m | +242.5% |
| Other amounts receivable | 41 | €1,456,558 | €4,989,278 | +€3.5m | +242.5% |
| Cash at bank and in hand | 54/58 | €11,607 | €75,095 | +€63,487 | +547.0% |
| Total equity and liabilities | 10/49 | €2,387,878 | €6,730,840 | +€4.3m | +181.9% |
| Equity | 10/15 | -€70,289 | -€72,997 | -€2,708 | -3.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,289 | -€82,997 | -€2,708 | -3.4% |
| Amounts payable | 17/49 | €2,458,167 | €6,803,837 | +€4.3m | +176.8% |
| Amounts payable after more than one year | 17 | €2,364,750 | €3,005,354 | +€640,604 | +27.1% |
| Financial debts | 170/4 | €2,364,750 | €3,005,354 | +€640,604 | +27.1% |
| Amounts payable within one year | 42/48 | €93,417 | €3,798,483 | +€3.7m | +3966.1% |
| Trade debts | 44 | €58,007 | €53,720 | -€4,287 | -7.4% |
| Suppliers | 440/4 | €58,007 | €53,720 | -€4,287 | -7.4% |
| Other amounts payable | 47/48 | €35,411 | €3,744,763 | +€3.7m | +10475.3% |
| Other operating charges | 640/8 | €50 | €126 | +€76 | +152.0% |
| Gross operating margin | 9900 | -€7,099 | €895 | +€7,994 | |
| Operating profit (loss) | 9901 | -€7,149 | €769 | +€7,918 | |
| Financial income | 75/76B | €45,145 | €126,285 | +€81,140 | +179.7% |
| Recurring financial income | 75 | €45,145 | €126,285 | +€81,140 | +179.7% |
| Financial charges | 65/66B | €118,285 | €129,761 | +€11,476 | +9.7% |
| Recurring financial charges | 65 | €118,285 | €129,761 | +€11,476 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | -€80,289 | -€2,708 | +€77,582 | +96.6% |
| Profit (loss) for the period | 9904 | -€80,289 | -€2,708 | +€77,582 | +96.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,289 | -€2,708 | +€77,582 | +96.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.