CSDD: 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.
CSDD
Largest movements
- Stocks and contracts +€20,912
up €20,912 (+25.5%), from €81,950 to €102,862
- Cash +€15,497
up €15,497 (+18.2%), from €85,084 to €100,581
mainly Net result for the year (+€47,472) and Tax, wage and social debts (+€19,304)
- Tangible fixed assets +€12,593
new in 2025: €12,593
of which Other tangible fixed assets: +€9,190
- Reserves +€38,802
new in 2025: €38,802
- Advances received -€21,450
no longer reported in 2025 (was €21,450)
- Tax, wage and social debts +€19,304
up €19,304 (+169.5%), from €11,388 to €30,691
- Trade debts +€13,065
up €13,065 (+1546.9%), from €845 to €13,910
- Profit (loss) carried forward -€5,330
no longer reported in 2025 (was €5,330)
- Gross operating margin +€44,359
up €44,359 (+212.1%), from €20,919 to €65,278
- Taxes +€10,670
up €10,670 (+202.1%), from €5,280 to €15,949
- Other operating charges -€1,433
down €1,433 (-76.1%), from €1,884 to €451
- Depreciation +€1,315
new in 2025: €1,315
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 | €168,240 | €217,403 | +€49,163 | +29.2% |
| Fixed assets | 21/28 | - | €12,593 | +€12,593 | |
| Tangible fixed assets | 22/27 | - | €12,593 | +€12,593 | |
| Furniture and vehicles | 24 | - | €3,404 | +€3,404 | |
| Other tangible fixed assets | 26 | - | €9,190 | +€9,190 | |
| Current assets | 29/58 | €168,240 | €204,810 | +€36,569 | +21.7% |
| Stocks and contracts in progress | 3 | €81,950 | €102,862 | +€20,912 | +25.5% |
| Stocks | 30/36 | €81,950 | €102,862 | +€20,912 | +25.5% |
| Amounts receivable within one year | 40/41 | €402 | €500 | +€98 | +24.3% |
| Trade receivables | 40 | €402 | €500 | +€98 | +24.3% |
| Cash at bank and in hand | 54/58 | €85,084 | €100,581 | +€15,497 | +18.2% |
| Deferred charges and accrued income | 490/1 | €804 | €867 | +€63 | +7.9% |
| Total equity and liabilities | 10/49 | €168,240 | €217,403 | +€49,163 | +29.2% |
| Equity | 10/15 | €25,330 | €58,802 | +€33,472 | +132.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €38,802 | +€38,802 | |
| Distributable reserves | 133 | - | €38,802 | +€38,802 | |
| Profit (loss) carried forward | 14 | €5,330 | - | -€5,330 | |
| Amounts payable | 17/49 | €142,911 | €158,601 | +€15,691 | +11.0% |
| Amounts payable within one year | 42/48 | €142,911 | €158,601 | +€15,691 | +11.0% |
| Trade debts | 44 | €845 | €13,910 | +€13,065 | +1546.9% |
| Suppliers | 440/4 | €845 | €13,910 | +€13,065 | +1546.9% |
| Advances received on contracts in progress | 46 | €21,450 | - | -€21,450 | |
| Taxes, remuneration and social security | 45 | €11,388 | €30,691 | +€19,304 | +169.5% |
| Taxes | 450/3 | €11,388 | €30,691 | +€19,304 | +169.5% |
| Other amounts payable | 47/48 | €109,228 | €114,000 | +€4,772 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,315 | +€1,315 | |
| Other operating charges | 640/8 | €1,884 | €451 | -€1,433 | -76.1% |
| Gross operating margin | 9900 | €20,919 | €65,278 | +€44,359 | +212.1% |
| Operating profit (loss) | 9901 | €19,035 | €63,512 | +€44,478 | +233.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €25 | €91 | +€65 | +259.0% |
| Recurring financial charges | 65 | €25 | €91 | +€65 | +259.0% |
| Profit (loss) for the period before taxes | 9903 | €19,009 | €63,422 | +€44,412 | +233.6% |
| Income taxes | 67/77 | €5,280 | €15,949 | +€10,670 | +202.1% |
| Profit (loss) for the period | 9904 | €13,730 | €47,472 | +€33,742 | +245.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,730 | €47,472 | +€33,742 | +245.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.