CPD: 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.
CPD
Largest movements
- Receivables within one year +€14,447
up €14,447 (+128.5%), from €11,240 to €25,686
of which Other amounts receivable: +€7,375
- Cash +€5,117
up €5,117 (+7.1%), from €71,681 to €76,798
mainly Tax, wage and social debts (+€8,994) and Trade debts (+€3,827)
- Tangible fixed assets -€2,818
down €2,818 (-26.8%), from €10,534 to €7,716
of which Plant, machinery and equipment: -€2,510
- Tax, wage and social debts +€8,994
up €8,994 (+58.0%), from €15,500 to €24,494
of which Remuneration and social security: +€8,977
- Trade debts +€3,827
up €3,827 (+28.1%), from €13,636 to €17,463
- Profit (loss) carried forward +€3,191
up €3,191 (+3.7%), from €86,199 to €89,390
- Purchases and services -€336,163
no longer reported in 2025 (was €336,163)
- Staff costs +€7,294
up €7,294 (+11.8%), from €62,009 to €69,303
- Taxes -€5,828
no longer reported in 2025 (was €5,828)
- Other operating charges -€3,505
down €3,505 (-47.5%), from €7,385 to €3,880
- Gross operating margin -€1,105
down €1,105 (-1.4%), from €80,674 to €79,569
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 | €115,336 | €131,348 | +€16,012 | +13.9% |
| Fixed assets | 21/28 | €21,379 | €18,561 | -€2,818 | -13.2% |
| Tangible fixed assets | 22/27 | €10,534 | €7,716 | -€2,818 | -26.8% |
| Plant, machinery and equipment | 23 | €9,330 | €6,820 | -€2,510 | -26.9% |
| Furniture and vehicles | 24 | €1,204 | €896 | -€308 | -25.6% |
| Financial fixed assets | 28 | €10,845 | €10,845 | = | 0.0% |
| Current assets | 29/58 | €93,957 | €112,787 | +€18,830 | +20.0% |
| Stocks and contracts in progress | 3 | €10,485 | €9,655 | -€830 | -7.9% |
| Stocks | 30/36 | €10,485 | €9,655 | -€830 | -7.9% |
| Amounts receivable within one year | 40/41 | €11,240 | €25,686 | +€14,447 | +128.5% |
| Trade receivables | 40 | €4,102 | €11,173 | +€7,071 | +172.4% |
| Other amounts receivable | 41 | €7,138 | €14,514 | +€7,375 | +103.3% |
| Cash at bank and in hand | 54/58 | €71,681 | €76,798 | +€5,117 | +7.1% |
| Deferred charges and accrued income | 490/1 | €552 | €649 | +€97 | +17.5% |
| Total equity and liabilities | 10/49 | €115,336 | €131,348 | +€16,012 | +13.9% |
| Equity | 10/15 | €86,200 | €89,391 | +€3,191 | +3.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,199 | €89,390 | +€3,191 | +3.7% |
| Amounts payable | 17/49 | €29,136 | €41,958 | +€12,821 | +44.0% |
| Amounts payable within one year | 42/48 | €29,136 | €41,958 | +€12,821 | +44.0% |
| Trade debts | 44 | €13,636 | €17,463 | +€3,827 | +28.1% |
| Suppliers | 440/4 | €13,636 | €17,463 | +€3,827 | +28.1% |
| Taxes, remuneration and social security | 45 | €15,500 | €24,494 | +€8,994 | +58.0% |
| Taxes | 450/3 | €7,783 | €7,800 | +€17 | +0.2% |
| Remuneration and social security | 454/9 | €7,717 | €16,694 | +€8,977 | +116.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €336,163 | - | -€336,163 | |
| Remuneration, social security and pensions | 62 | €62,009 | €69,303 | +€7,294 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,818 | €2,818 | = | 0.0% |
| Other operating charges | 640/8 | €7,385 | €3,880 | -€3,505 | -47.5% |
| Gross operating margin | 9900 | €80,674 | €79,569 | -€1,105 | -1.4% |
| Operating profit (loss) | 9901 | €8,462 | €3,568 | -€4,894 | -57.8% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.9% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.9% |
| Financial charges | 65/66B | €356 | €377 | +€21 | +5.9% |
| Recurring financial charges | 65 | €356 | €377 | +€21 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €8,120 | €3,191 | -€4,929 | -60.7% |
| Income taxes | 67/77 | €5,828 | - | -€5,828 | |
| Profit (loss) for the period | 9904 | €2,292 | €3,191 | +€899 | +39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,292 | €3,191 | +€899 | +39.2% |
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 11 October 2026 via checked.be.