CTDV: 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.
CTDV
Largest movements
- Cash -€8,120
down €8,120 (-18.5%), from €43,787 to €35,668
mainly Receivables within one year (-€5,882) and Net result for the year (-€3,695)
- Receivables within one year +€5,882
up €5,882 (+95.7%), from €6,147 to €12,028
of which Other amounts receivable: +€10,958
- Tangible fixed assets +€818
up €818 (+248.0%), from €330 to €1,147
of which Plant, machinery and equipment: +€911
- Tax, wage and social debts +€4,200
up €4,200 (+41.0%), from €10,237 to €14,437
of which Remuneration and social security: +€2,500
- Profit (loss) carried forward -€3,695
new in 2025: -€3,695
- Other debts -€2,024
no longer reported in 2025 (was €2,024)
- Gross operating margin -€32,248
down €32,248, from €30,112 to -€2,137
- Taxes -€8,615
down €8,615 (-95.3%), from €9,037 to €422
- Depreciation +€419
up €419 (+449.8%), from €93 to €512
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 | €50,263 | €48,843 | -€1,420 | -2.8% |
| Fixed assets | 21/28 | €330 | €1,147 | +€818 | +248.0% |
| Tangible fixed assets | 22/27 | €330 | €1,147 | +€818 | +248.0% |
| Plant, machinery and equipment | 23 | - | €911 | +€911 | |
| Furniture and vehicles | 24 | €330 | €237 | -€93 | -28.3% |
| Current assets | 29/58 | €49,934 | €47,696 | -€2,238 | -4.5% |
| Amounts receivable within one year | 40/41 | €6,147 | €12,028 | +€5,882 | +95.7% |
| Trade receivables | 40 | €5,076 | - | -€5,076 | |
| Other amounts receivable | 41 | €1,070 | €12,028 | +€10,958 | +1023.9% |
| Cash at bank and in hand | 54/58 | €43,787 | €35,668 | -€8,120 | -18.5% |
| Total equity and liabilities | 10/49 | €50,263 | €48,843 | -€1,420 | -2.8% |
| Equity | 10/15 | €36,957 | €33,262 | -€3,695 | -10.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,957 | €33,957 | = | 0.0% |
| Distributable reserves | 133 | €33,957 | €33,957 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,695 | -€3,695 | |
| Amounts payable | 17/49 | €13,307 | €15,581 | +€2,274 | +17.1% |
| Amounts payable within one year | 42/48 | €13,147 | €15,421 | +€2,274 | +17.3% |
| Trade debts | 44 | €886 | €984 | +€98 | +11.1% |
| Suppliers | 440/4 | €886 | €984 | +€98 | +11.1% |
| Taxes, remuneration and social security | 45 | €10,237 | €14,437 | +€4,200 | +41.0% |
| Taxes | 450/3 | €10,237 | €11,937 | +€1,700 | +16.6% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €2,024 | - | -€2,024 | |
| Accrued charges and deferred income | 492/3 | €160 | €160 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93 | €512 | +€419 | +449.8% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €30,112 | -€2,137 | -€32,248 | |
| Operating profit (loss) | 9901 | €29,955 | -€2,715 | -€32,669 | |
| Financial charges | 65/66B | €478 | €558 | +€80 | +16.7% |
| Recurring financial charges | 65 | €478 | €558 | +€80 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €29,476 | -€3,273 | -€32,749 | |
| Income taxes | 67/77 | €9,037 | €422 | -€8,615 | -95.3% |
| Profit (loss) for the period | 9904 | €20,439 | -€3,695 | -€24,134 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,439 | -€3,695 | -€24,134 |
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 7 October 2026 via checked.be.