CPD Law: 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 Law
Largest movements
- Cash +€19,887
up €19,887 (+31.4%), from €63,294 to €83,180
mainly Net result for the year (+€23,416) and Short-term financial debts (+€4,719)
- Receivables within one year +€9,029
up €9,029 (+499%), from €1,809 to €10,837
of which Trade receivables: +€4,840
- Reserves +€23,400
up €23,400 (+45.6%), from €51,300 to €74,700
- Short-term financial debts +€4,719
up €4,719 (+74.8%), from €6,313 to €11,032
- Gross operating margin +€11,054
up €11,054 (+50.4%), from €21,913 to €32,967
- Taxes +€3,118
up €3,118 (+50.3%), from €6,196 to €9,314
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 | €65,102 | €94,036 | +€28,933 | +44.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €65,102 | €94,036 | +€28,933 | +44.4% |
| Amounts receivable within one year | 40/41 | €1,809 | €10,837 | +€9,029 | +499% |
| Trade receivables | 40 | - | €4,840 | +€4,840 | |
| Other amounts receivable | 41 | €1,809 | €5,997 | +€4,189 | +232% |
| Cash at bank and in hand | 54/58 | €63,294 | €83,180 | +€19,887 | +31.4% |
| Deferred charges and accrued income | 490/1 | - | €18 | +€18 | |
| Total equity and liabilities | 10/49 | €65,102 | €94,036 | +€28,933 | +44.4% |
| Equity | 10/15 | €52,437 | €75,853 | +€23,416 | +44.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,300 | €74,700 | +€23,400 | +45.6% |
| Distributable reserves | 133 | €51,300 | €74,700 | +€23,400 | +45.6% |
| Profit (loss) carried forward | 14 | €137 | €153 | +€16 | +11.6% |
| Amounts payable | 17/49 | €12,665 | €18,183 | +€5,517 | +43.6% |
| Amounts payable within one year | 42/48 | €12,665 | €18,183 | +€5,517 | +43.6% |
| Financial debts | 43 | €6,313 | €11,032 | +€4,719 | +74.8% |
| Credit institutions | 430/8 | €6,313 | €11,032 | +€4,719 | +74.8% |
| Taxes, remuneration and social security | 45 | €6,345 | €6,380 | +€35 | +0.6% |
| Taxes | 450/3 | €6,345 | €6,380 | +€35 | +0.6% |
| Other amounts payable | 47/48 | €7 | €771 | +€763 | +10,458% |
| Gross operating margin | 9900 | €21,913 | €32,967 | +€11,054 | +50.4% |
| Operating profit (loss) | 9901 | €21,913 | €32,967 | +€11,054 | +50.4% |
| Financial charges | 65/66B | €108 | €237 | +€130 | +120% |
| Recurring financial charges | 65 | €108 | €237 | +€130 | +120% |
| Profit (loss) for the period before taxes | 9903 | €21,805 | €32,730 | +€10,925 | +50.1% |
| Income taxes | 67/77 | €6,196 | €9,314 | +€3,118 | +50.3% |
| Profit (loss) for the period | 9904 | €15,610 | €23,416 | +€7,806 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,610 | €23,416 | +€7,806 | +50.0% |
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 13 October 2026 via checked.be.