More by CDP: 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.
More by CDP
Largest movements
- Cash +€14,755
up €14,755 (+60.0%), from €24,612 to €39,367
mainly Net result for the year (+€10,513) and Receivables within one year (+€6,359)
- Receivables within one year -€6,359
down €6,359 (-75.5%), from €8,421 to €2,063
of which Trade receivables: -€5,748
- Reserves +€10,513
up €10,513 (+48.9%), from €21,499 to €32,012
- Tax, wage and social debts -€1,070
down €1,070 (-12.0%), from €8,888 to €7,818
of which Remuneration and social security: -€1,840
- Other debts -€601
no longer reported in 2025 (was €601)
- Gross operating margin +€3,308
up €3,308 (+26.1%), from €12,664 to €15,971
- Taxes +€560
up €560 (+15.0%), from €3,725 to €4,285
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.
Derived cash bridge
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 | €33,720 | €42,473 | +€8,753 | +26.0% |
| Fixed assets | 21/28 | €212 | €481 | +€269 | +127% |
| Tangible fixed assets | 22/27 | €212 | €481 | +€269 | +127% |
| Plant, machinery and equipment | 23 | €212 | €481 | +€269 | +127% |
| Current assets | 29/58 | €33,507 | €41,991 | +€8,484 | +25.3% |
| Amounts receivable within one year | 40/41 | €8,421 | €2,063 | -€6,359 | -75.5% |
| Trade receivables | 40 | €5,748 | - | -€5,748 | |
| Other amounts receivable | 41 | €2,674 | €2,063 | -€611 | -22.9% |
| Cash at bank and in hand | 54/58 | €24,612 | €39,367 | +€14,755 | +60.0% |
| Deferred charges and accrued income | 490/1 | €474 | €562 | +€88 | +18.5% |
| Total equity and liabilities | 10/49 | €33,720 | €42,473 | +€8,753 | +26.0% |
| Equity | 10/15 | €23,499 | €34,012 | +€10,513 | +44.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,499 | €32,012 | +€10,513 | +48.9% |
| Distributable reserves | 133 | €21,499 | €32,012 | +€10,513 | +48.9% |
| Amounts payable | 17/49 | €10,221 | €8,461 | -€1,760 | -17.2% |
| Amounts payable within one year | 42/48 | €10,155 | €8,431 | -€1,724 | -17.0% |
| Trade debts | 44 | €666 | €613 | -€53 | -8.0% |
| Suppliers | 440/4 | €666 | €613 | -€53 | -8.0% |
| Taxes, remuneration and social security | 45 | €8,888 | €7,818 | -€1,070 | -12.0% |
| Taxes | 450/3 | €7,048 | €7,818 | +€770 | +10.9% |
| Remuneration and social security | 454/9 | €1,840 | - | -€1,840 | |
| Other amounts payable | 47/48 | €601 | - | -€601 | |
| Accrued charges and deferred income | 492/3 | €66 | €30 | -€36 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €255 | €226 | -€29 | -11.4% |
| Other operating charges | 640/8 | €1,003 | €1,148 | +€144 | +14.4% |
| Gross operating margin | 9900 | €12,664 | €15,971 | +€3,308 | +26.1% |
| Operating profit (loss) | 9901 | €11,405 | €14,597 | +€3,192 | +28.0% |
| Financial income | 75/76B | €279 | €284 | +€5 | +1.7% |
| Recurring financial income | 75 | €279 | €284 | +€5 | +1.7% |
| Financial charges | 65/66B | €60 | €84 | +€24 | +39.3% |
| Recurring financial charges | 65 | €60 | €84 | +€24 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €11,624 | €14,797 | +€3,173 | +27.3% |
| Income taxes | 67/77 | €3,725 | €4,285 | +€560 | +15.0% |
| Profit (loss) for the period | 9904 | €7,899 | €10,513 | +€2,613 | +33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,899 | €10,513 | +€2,613 | +33.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.