NEW CD CONSTRUCT: 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.
NEW CD CONSTRUCT
Largest movements
- Cash +€11,398
up €11,398 (+161%), from €7,072 to €18,469
mainly Net result for the year (+€13,009) and Depreciation (+€4,794)
- Tangible fixed assets +€2,179
up €2,179 (+20.0%), from €10,897 to €13,076
of which Plant, machinery and equipment: +€3,349
- Deferred charges and accrued income +€887
up €887 (+115%), from €770 to €1,657
- Receivables within one year -€877
down €877 (-21.8%), from €4,030 to €3,153
- Reserves +€26,187
new in 2025: €26,187
- Profit (loss) carried forward -€13,178
no longer reported in 2025 (was €13,178)
- Other debts +€1,723
up €1,723 (+48.2%), from €3,572 to €5,295
- Trade debts -€1,144
down €1,144 (-67.2%), from €1,703 to €558
- Gross operating margin +€22,710
up €22,710, from -€1,710 to €21,000
- Taxes +€1,964
new in 2025: €1,964
- Depreciation +€1,236
up €1,236 (+34.7%), from €3,559 to €4,794
- Staff costs +€502
new in 2025: €502
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 | €22,853 | €36,440 | +€13,587 | +59.5% |
| Fixed assets | 21/28 | €10,981 | €13,160 | +€2,179 | +19.8% |
| Tangible fixed assets | 22/27 | €10,897 | €13,076 | +€2,179 | +20.0% |
| Plant, machinery and equipment | 23 | €2,872 | €6,222 | +€3,349 | +117% |
| Furniture and vehicles | 24 | €8,025 | €6,854 | -€1,171 | -14.6% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €11,871 | €23,280 | +€11,408 | +96.1% |
| Amounts receivable within one year | 40/41 | €4,030 | €3,153 | -€877 | -21.8% |
| Other amounts receivable | 41 | €4,030 | €3,153 | -€877 | -21.8% |
| Cash at bank and in hand | 54/58 | €7,072 | €18,469 | +€11,398 | +161% |
| Deferred charges and accrued income | 490/1 | €770 | €1,657 | +€887 | +115% |
| Total equity and liabilities | 10/49 | €22,853 | €36,440 | +€13,587 | +59.5% |
| Equity | 10/15 | €15,178 | €28,187 | +€13,009 | +85.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Contributions outside capital | 11 | - | €2,000 | +€2,000 | |
| Other | 1109/19 | - | €2,000 | +€2,000 | |
| Reserves | 13 | - | €26,187 | +€26,187 | |
| Distributable reserves | 133 | - | €26,187 | +€26,187 | |
| Profit (loss) carried forward | 14 | €13,178 | - | -€13,178 | |
| Amounts payable | 17/49 | €7,675 | €8,253 | +€578 | +7.5% |
| Amounts payable within one year | 42/48 | €7,675 | €8,253 | +€578 | +7.5% |
| Trade debts | 44 | €1,703 | €558 | -€1,144 | -67.2% |
| Suppliers | 440/4 | €1,703 | €558 | -€1,144 | -67.2% |
| Taxes, remuneration and social security | 45 | €2,400 | €2,400 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €3,572 | €5,295 | +€1,723 | +48.2% |
| Remuneration, social security and pensions | 62 | - | €502 | +€502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,559 | €4,794 | +€1,236 | +34.7% |
| Other operating charges | 640/8 | €384 | €577 | +€192 | +50.0% |
| Gross operating margin | 9900 | -€1,710 | €21,000 | +€22,710 | |
| Operating profit (loss) | 9901 | -€5,654 | €15,127 | +€20,780 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €64 | €154 | +€90 | +140% |
| Recurring financial charges | 65 | €64 | €154 | +€90 | +140% |
| Profit (loss) for the period before taxes | 9903 | -€5,718 | €14,973 | +€20,690 | |
| Income taxes | 67/77 | - | €1,964 | +€1,964 | |
| Profit (loss) for the period | 9904 | -€5,718 | €13,009 | +€18,726 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,718 | €13,009 | +€18,726 |
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 25 October 2026 via checked.be.