CSD PROPERTY: 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.
CSD PROPERTY
Largest movements
- Tangible fixed assets -€12,211
down €12,211 (-4.1%), from €298,695 to €286,485
- Receivables within one year +€4,575
new in 2025: €4,575
- Contributions +€30,000
new in 2025: €30,000
- Other debts -€25,846
down €25,846 (-30.2%), from €85,704 to €59,859
- Debts after one year -€12,309
down €12,309 (-6.0%), from €206,866 to €194,557
- Profit (loss) carried forward +€5,241
up €5,241 (+57.0%), from -€9,203 to -€3,961
- Trade debts -€3,930
no longer reported in 2025 (was €3,930)
- Gross operating margin +€15,188
up €15,188 (+113.0%), from €13,446 to €28,634
- Financial charges +€771
up €771 (+9.5%), from €8,109 to €8,880
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 | €299,585 | €293,234 | -€6,351 | -2.1% |
| Fixed assets | 21/28 | €298,695 | €286,485 | -€12,211 | -4.1% |
| Tangible fixed assets | 22/27 | €298,695 | €286,485 | -€12,211 | -4.1% |
| Land and buildings | 22 | €298,695 | €286,485 | -€12,211 | -4.1% |
| Current assets | 29/58 | €890 | €6,749 | +€5,860 | +658.6% |
| Amounts receivable within one year | 40/41 | - | €4,575 | +€4,575 | |
| Trade receivables | 40 | - | €4,575 | +€4,575 | |
| Cash at bank and in hand | 54/58 | €890 | €2,174 | +€1,284 | +144.4% |
| Total equity and liabilities | 10/49 | €299,585 | €293,234 | -€6,351 | -2.1% |
| Equity | 10/15 | -€9,203 | €26,039 | +€35,241 | |
| Contributions | 10/11 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | -€9,203 | -€3,961 | +€5,241 | +57.0% |
| Amounts payable | 17/49 | €308,788 | €267,195 | -€41,592 | -13.5% |
| Amounts payable after more than one year | 17 | €206,866 | €194,557 | -€12,309 | -6.0% |
| Financial debts | 170/4 | €206,866 | €194,557 | -€12,309 | -6.0% |
| Amounts payable within one year | 42/48 | €101,921 | €72,638 | -€29,283 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €12,287 | €12,780 | +€493 | +4.0% |
| Trade debts | 44 | €3,930 | - | -€3,930 | |
| Suppliers | 440/4 | €3,930 | - | -€3,930 | |
| Other amounts payable | 47/48 | €85,704 | €59,859 | -€25,846 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,411 | €12,211 | -€201 | -1.6% |
| Other operating charges | 640/8 | €2,173 | €2,302 | +€129 | +5.9% |
| Gross operating margin | 9900 | €13,446 | €28,634 | +€15,188 | +113.0% |
| Operating profit (loss) | 9901 | -€1,138 | €14,122 | +€15,260 | |
| Financial income | 75/76B | €45 | - | -€45 | |
| Recurring financial income | 75 | €45 | - | -€45 | |
| Financial charges | 65/66B | €8,109 | €8,880 | +€771 | +9.5% |
| Recurring financial charges | 65 | €8,109 | €8,880 | +€771 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,203 | €5,241 | +€14,444 | |
| Profit (loss) for the period | 9904 | -€9,203 | €5,241 | +€14,444 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,203 | €5,241 | +€14,444 |
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 5 October 2026 via checked.be.