CPDL: 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.
CPDL
Largest movements
- Cash +€375,405
up €375,405 (+48.7%), from €770,431 to €1.1m
mainly Other debts (+€1.1m) and Net result for the year (+€632,528)
- Intangible fixed assets -€164,749
down €164,749 (-13.7%), from €1.2m to €1.0m
- Receivables within one year -€56,273
down €56,273 (-56.8%), from €99,085 to €42,812
- Other debts +€1.1m
up €1.1m (+401.7%), from €279,666 to €1.4m
- Profit (loss) carried forward -€967,472
down €967,472 (-53.8%), from €1.8m to €831,951
- Gross operating margin +€69,442
up €69,442 (+7.4%), from €936,264 to €1.0m
- Taxes +€17,730
up €17,730 (+9.5%), from €187,188 to €204,918
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 | €2,088,312 | €2,247,819 | +€159,507 | +7.6% |
| Fixed assets | 21/28 | €1,218,797 | €1,059,171 | -€159,625 | -13.1% |
| Intangible fixed assets | 21 | €1,205,148 | €1,040,399 | -€164,749 | -13.7% |
| Tangible fixed assets | 22/27 | €13,648 | €18,772 | +€5,123 | +37.5% |
| Plant, machinery and equipment | 23 | €9,011 | €11,025 | +€2,015 | +22.4% |
| Furniture and vehicles | 24 | €4,638 | €7,747 | +€3,109 | +67.0% |
| Current assets | 29/58 | €869,515 | €1,188,648 | +€319,132 | +36.7% |
| Amounts receivable within one year | 40/41 | €99,085 | €42,812 | -€56,273 | -56.8% |
| Other amounts receivable | 41 | €99,085 | €42,812 | -€56,273 | -56.8% |
| Cash at bank and in hand | 54/58 | €770,431 | €1,145,836 | +€375,405 | +48.7% |
| Total equity and liabilities | 10/49 | €2,088,312 | €2,247,819 | +€159,507 | +7.6% |
| Equity | 10/15 | €1,805,424 | €837,951 | -€967,472 | -53.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,799,424 | €831,951 | -€967,472 | -53.8% |
| Amounts payable | 17/49 | €282,889 | €1,409,868 | +€1.1m | +398.4% |
| Amounts payable within one year | 42/48 | €282,385 | €1,409,196 | +€1.1m | +399.0% |
| Trade debts | 44 | €1,631 | €1,248 | -€383 | -23.5% |
| Suppliers | 440/4 | €1,631 | €1,248 | -€383 | -23.5% |
| Taxes, remuneration and social security | 45 | €1,088 | €4,918 | +€3,830 | +352.0% |
| Taxes | 450/3 | €1,088 | €4,918 | +€3,830 | +352.0% |
| Other amounts payable | 47/48 | €279,666 | €1,403,030 | +€1.1m | +401.7% |
| Accrued charges and deferred income | 492/3 | €504 | €672 | +€168 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,462 | €167,918 | -€544 | -0.3% |
| Other operating charges | 640/8 | €1,108 | €144 | -€964 | -87.0% |
| Gross operating margin | 9900 | €936,264 | €1,005,706 | +€69,442 | +7.4% |
| Operating profit (loss) | 9901 | €766,694 | €837,644 | +€70,950 | +9.3% |
| Financial charges | 65/66B | €168 | €198 | +€31 | +18.3% |
| Recurring financial charges | 65 | €168 | €198 | +€31 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €766,526 | €837,446 | +€70,919 | +9.3% |
| Income taxes | 67/77 | €187,188 | €204,918 | +€17,730 | +9.5% |
| Profit (loss) for the period | 9904 | €579,338 | €632,528 | +€53,190 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €579,338 | €632,528 | +€53,190 | +9.2% |
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 6 October 2026 via checked.be.