CPODO: what changed
CPODO
Largest movements
- Tangible fixed assets -€10,987
down €10,987 (-43.6%), from €25,171 to €14,184
of which Other tangible fixed assets: -€7,733
- Cash -€1,927
down €1,927 (-70.9%), from €2,716 to €789
mainly Net result for the year (-€5,909) and Current portion of long-term debt (-€4,626)
- Receivables within one year +€1,583
up €1,583 (+110%), from €1,445 to €3,028
- Deferred charges and accrued income -€407
no longer reported in 2025 (was €407)
- Profit (loss) carried forward -€5,909
down €5,909 (-27.9%), from -€21,184 to -€27,093
- Current portion of long-term debt -€4,626
down €4,626 (-50.3%), from €9,201 to €4,575
- Trade debts -€2,617
no longer reported in 2025 (was €2,617)
- Short-term financial debts +€869
new in 2025: €869
- Other debts +€545
up €545 (+1.5%), from €35,605 to €36,150
- Depreciation -€743
down €743 (-5.7%), from €13,059 to €12,316
- Gross operating margin +€433
up €433 (+6.3%), from €6,864 to €7,297
- Other operating charges -€402
down €402 (-50.1%), from €802 to €400
- Financial charges -€389
down €389 (-44.3%), from €879 to €490
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,739 | €18,001 | -€11,738 | -39.5% |
| Fixed assets | 21/28 | €25,171 | €14,184 | -€10,987 | -43.6% |
| Tangible fixed assets | 22/27 | €25,171 | €14,184 | -€10,987 | -43.6% |
| Furniture and vehicles | 24 | €13,133 | €9,879 | -€3,254 | -24.8% |
| Other tangible fixed assets | 26 | €12,038 | €4,305 | -€7,733 | -64.2% |
| Current assets | 29/58 | €4,568 | €3,817 | -€751 | -16.4% |
| Amounts receivable within one year | 40/41 | €1,445 | €3,028 | +€1,583 | +110% |
| Trade receivables | 40 | €1,445 | €3,028 | +€1,583 | +110% |
| Cash at bank and in hand | 54/58 | €2,716 | €789 | -€1,927 | -70.9% |
| Deferred charges and accrued income | 490/1 | €407 | - | -€407 | |
| Total equity and liabilities | 10/49 | €29,739 | €18,001 | -€11,738 | -39.5% |
| Equity | 10/15 | -€17,684 | -€23,593 | -€5,909 | -33.4% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,184 | -€27,093 | -€5,909 | -27.9% |
| Amounts payable | 17/49 | €47,423 | €41,594 | -€5,829 | -12.3% |
| Amounts payable within one year | 42/48 | €47,423 | €41,594 | -€5,829 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €9,201 | €4,575 | -€4,626 | -50.3% |
| Financial debts | 43 | - | €869 | +€869 | |
| Credit institutions | 430/8 | - | €869 | +€869 | |
| Trade debts | 44 | €2,617 | - | -€2,617 | |
| Suppliers | 440/4 | €2,617 | - | -€2,617 | |
| Other amounts payable | 47/48 | €35,605 | €36,150 | +€545 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,059 | €12,316 | -€743 | -5.7% |
| Other operating charges | 640/8 | €802 | €400 | -€402 | -50.1% |
| Gross operating margin | 9900 | €6,864 | €7,297 | +€433 | +6.3% |
| Operating profit (loss) | 9901 | -€6,997 | -€5,419 | +€1,578 | +22.6% |
| Financial charges | 65/66B | €879 | €490 | -€389 | -44.3% |
| Recurring financial charges | 65 | €879 | €490 | -€389 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€7,876 | -€5,909 | +€1,967 | +25.0% |
| Profit (loss) for the period | 9904 | -€7,876 | -€5,909 | +€1,967 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,876 | -€5,909 | +€1,967 | +25.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.