CDX: 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.
CDX
Largest movements
- Tangible fixed assets -€23,158
down €23,158 (-78.7%), from €29,443 to €6,284
of which Furniture and vehicles: -€21,947
- Cash -€1,061
down €1,061 (-87.9%), from €1,206 to €146
mainly Debts after one year (-€14,909) and Net result for the year (-€9,743)
- Receivables within one year -€550
no longer reported in 2025 (was €550)
- Debts after one year -€14,909
down €14,909 (-3.4%), from €436,683 to €421,774
- Profit (loss) carried forward -€9,743
down €9,743 (-1.5%), from -€656,418 to -€666,160
- Gross operating margin +€14,452
up €14,452, from -€2,967 to €11,485
- Turnover +€12,343
up €12,343 (+217%), from €5,677 to €18,020
- Financial income -€1,195
no longer reported in 2025 (was €1,195)
- Financial charges -€954
down €954 (-95.3%), from €1,001 to €47
- Depreciation -€935
down €935 (-4.3%), from €21,986 to €21,051
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 | €31,199 | €6,514 | -€24,686 | -79.1% |
| Fixed assets | 21/28 | €29,443 | €6,284 | -€23,158 | -78.7% |
| Tangible fixed assets | 22/27 | €29,443 | €6,284 | -€23,158 | -78.7% |
| Furniture and vehicles | 24 | €27,542 | €5,595 | -€21,947 | -79.7% |
| Other tangible fixed assets | 26 | €1,900 | €690 | -€1,211 | -63.7% |
| Current assets | 29/58 | €1,757 | €229 | -€1,528 | -87.0% |
| Amounts receivable within one year | 40/41 | €550 | - | -€550 | |
| Other amounts receivable | 41 | €550 | - | -€550 | |
| Cash at bank and in hand | 54/58 | €1,206 | €146 | -€1,061 | -87.9% |
| Deferred charges and accrued income | 490/1 | - | €83 | +€83 | |
| Total equity and liabilities | 10/49 | €31,199 | €6,514 | -€24,686 | -79.1% |
| Equity | 10/15 | -€405,818 | -€415,560 | -€9,743 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €0 | €18,600 | +€18,600 | |
| Issued capital | 100 | €0 | €18,600 | +€18,600 | |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €232,000 | €232,000 | = | 0.0% |
| Distributable reserves | 133 | €232,000 | €232,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€656,418 | -€666,160 | -€9,743 | -1.5% |
| Amounts payable | 17/49 | €437,017 | €422,074 | -€14,943 | -3.4% |
| Amounts payable after more than one year | 17 | €436,683 | €421,774 | -€14,909 | -3.4% |
| Financial debts | 170/4 | €436,683 | €421,774 | -€14,909 | -3.4% |
| Amounts payable within one year | 42/48 | €334 | €300 | -€34 | -10.2% |
| Trade debts | 44 | €334 | €300 | -€34 | -10.2% |
| Suppliers | 440/4 | €334 | €300 | -€34 | -10.2% |
| Turnover | 70 | €5,677 | €18,020 | +€12,343 | +217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,986 | €21,051 | -€935 | -4.3% |
| Gross operating margin | 9900 | -€2,967 | €11,485 | +€14,452 | |
| Operating profit (loss) | 9901 | -€24,953 | -€9,566 | +€15,387 | +61.7% |
| Financial income | 75/76B | €1,195 | - | -€1,195 | |
| Recurring financial income | 75 | €1,195 | - | -€1,195 | |
| Financial charges | 65/66B | €1,001 | €47 | -€954 | -95.3% |
| Recurring financial charges | 65 | €1,001 | €47 | -€954 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,759 | -€9,613 | +€15,146 | +61.2% |
| Income taxes | 67/77 | €130 | €130 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€24,889 | -€9,743 | +€15,146 | +60.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,889 | -€9,743 | +€15,146 | +60.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.