CD PLUS: what changed
CD PLUS
Largest movements
- Cash +€50,814
up €50,814 (+20.2%), from €252,089 to €302,904
mainly Net result for the year (+€77,009) and Trade debts (+€32,770)
- Receivables within one year +€40,202
up €40,202 (+9.0%), from €446,144 to €486,347
of which Other amounts receivable: +€48,874
- Tangible fixed assets +€22,874
up €22,874 (+254%), from €9,006 to €31,880
of which Other tangible fixed assets: +€21,455
- Deferred charges and accrued income -€16,764
down €16,764 (-99.3%), from €16,881 to €118
- Stocks and contracts +€14,481
up €14,481 (+61.9%), from €23,392 to €37,873
- Reserves +€294,991
up €294,991 (+300%), from €98,457 to €393,449
of which Distributable reserves: +€294,991
- Profit (loss) carried forward -€217,982
no longer reported in 2025 (was €217,982)
- Trade debts +€32,770
up €32,770 (+18.1%), from €181,301 to €214,071
- Staff costs +€70,071
up €70,071 (+7.8%), from €893,809 to €963,880
- Gross operating margin -€34,706
down €34,706 (-3.1%), from €1.1m to €1.1m
- Taxes -€19,607
down €19,607 (-35.7%), from €54,982 to €35,375
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €749,513 | €859,121 | +€109,608 | +14.6% |
| Fixed assets | 21/28 | €11,006 | €31,880 | +€20,874 | +190% |
| Intangible fixed assets | 21 | €2,000 | - | -€2,000 | |
| Tangible fixed assets | 22/27 | €9,006 | €31,880 | +€22,874 | +254% |
| Plant, machinery and equipment | 23 | €7,279 | €4,787 | -€2,492 | -34.2% |
| Furniture and vehicles | 24 | €347 | €4,258 | +€3,911 | +1,126% |
| Other tangible fixed assets | 26 | €1,379 | €22,835 | +€21,455 | +1,555% |
| Current assets | 29/58 | €738,507 | €827,241 | +€88,734 | +12.0% |
| Stocks and contracts in progress | 3 | €23,392 | €37,873 | +€14,481 | +61.9% |
| Stocks | 30/36 | €23,392 | €37,873 | +€14,481 | +61.9% |
| Amounts receivable within one year | 40/41 | €446,144 | €486,347 | +€40,202 | +9.0% |
| Trade receivables | 40 | €9,821 | €1,149 | -€8,672 | -88.3% |
| Other amounts receivable | 41 | €436,323 | €485,197 | +€48,874 | +11.2% |
| Cash at bank and in hand | 54/58 | €252,089 | €302,904 | +€50,814 | +20.2% |
| Deferred charges and accrued income | 490/1 | €16,881 | €118 | -€16,764 | -99.3% |
| Total equity and liabilities | 10/49 | €749,513 | €859,121 | +€109,608 | +14.6% |
| Equity | 10/15 | €459,013 | €536,022 | +€77,009 | +16.8% |
| Contributions | 10/11 | €142,573 | €142,573 | = | 0.0% |
| Reserves | 13 | €98,457 | €393,449 | +€294,991 | +300% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €14,257 | €309,249 | +€294,991 | +2,069% |
| Profit (loss) carried forward | 14 | €217,982 | - | -€217,982 | |
| Amounts payable | 17/49 | €290,500 | €323,099 | +€32,599 | +11.2% |
| Amounts payable within one year | 42/48 | €290,500 | €323,099 | +€32,599 | +11.2% |
| Trade debts | 44 | €181,301 | €214,071 | +€32,770 | +18.1% |
| Suppliers | 440/4 | €181,301 | €214,071 | +€32,770 | +18.1% |
| Taxes, remuneration and social security | 45 | €94,919 | €95,616 | +€697 | +0.7% |
| Taxes | 450/3 | €12,595 | €3,339 | -€9,256 | -73.5% |
| Remuneration and social security | 454/9 | €82,324 | €92,277 | +€9,953 | +12.1% |
| Other amounts payable | 47/48 | €14,280 | €13,412 | -€867 | -6.1% |
| Remuneration, social security and pensions | 62 | €893,809 | €963,880 | +€70,071 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,968 | €7,717 | -€7,251 | -48.4% |
| Other operating charges | 640/8 | €4,181 | €339 | -€3,842 | -91.9% |
| Gross operating margin | 9900 | €1,121,823 | €1,087,117 | -€34,706 | -3.1% |
| Operating profit (loss) | 9901 | €208,865 | €115,181 | -€93,684 | -44.9% |
| Financial income | 75/76B | €728 | €750 | +€22 | +3.0% |
| Recurring financial income | 75 | €728 | €750 | +€22 | +3.0% |
| Financial charges | 65/66B | €3,455 | €3,548 | +€92 | +2.7% |
| Recurring financial charges | 65 | €3,455 | €3,548 | +€92 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €206,139 | €112,384 | -€93,755 | -45.5% |
| Income taxes | 67/77 | €54,982 | €35,375 | -€19,607 | -35.7% |
| Profit (loss) for the period | 9904 | €151,157 | €77,009 | -€74,148 | -49.1% |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,957 | €77,009 | +€10,052 | +15.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.