CD COLLECTION: 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.
CD COLLECTION
Largest movements
- Receivables after one year -€155,000
no longer reported in 2025 (was €155,000)
- Receivables within one year +€150,971
up €150,971 (+77.5%), from €194,843 to €345,815
of which Other amounts receivable: +€124,670
- Short-term financial debts -€89,033
down €89,033 (-54.6%), from €163,000 to €73,967
of which Other loans: -€128,743
- Reserves +€78,792
up €78,792 (+59.9%), from €131,543 to €210,335
of which Distributable reserves: +€78,792
- Current portion of long-term debt -€15,333
no longer reported in 2025 (was €15,333)
- Trade debts +€12,228
up €12,228 (+90.2%), from €13,561 to €25,790
- Tax, wage and social debts +€12,081
up €12,081 (+18.2%), from €66,527 to €78,608
- Write-downs -€75,000
no longer reported in 2025 (was €75,000)
- Taxes +€41,655
new in 2025: €41,655
- Gross operating margin +€36,641
up €36,641 (+36.9%), from €99,319 to €135,960
- Other operating charges -€21,120
down €21,120 (-99.5%), from €21,227 to €107
- Financial charges -€2,387
down €2,387 (-13.8%), from €17,305 to €14,918
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 | €439,868 | €437,289 | -€2,579 | -0.6% |
| Fixed assets | 21/28 | €3,480 | €3,089 | -€391 | -11.2% |
| Tangible fixed assets | 22/27 | €3,480 | €3,089 | -€391 | -11.2% |
| Land and buildings | 22 | €2,278 | €2,065 | -€213 | -9.4% |
| Plant, machinery and equipment | 23 | €8 | €0 | -€8 | -100% |
| Furniture and vehicles | 24 | €0 | €228 | +€228 | |
| Other tangible fixed assets | 26 | €1,194 | €796 | -€398 | -33.3% |
| Current assets | 29/58 | €436,388 | €434,200 | -€2,188 | -0.5% |
| Amounts receivable after more than one year | 29 | €155,000 | - | -€155,000 | |
| Other amounts receivable | 291 | €155,000 | - | -€155,000 | |
| Stocks and contracts in progress | 3 | €84,405 | €84,405 | = | 0.0% |
| Stocks | 30/36 | €84,405 | €84,405 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €194,843 | €345,815 | +€150,971 | +77.5% |
| Trade receivables | 40 | €106,941 | €133,242 | +€26,301 | +24.6% |
| Other amounts receivable | 41 | €87,903 | €212,573 | +€124,670 | +142% |
| Cash at bank and in hand | 54/58 | €2,140 | €3,844 | +€1,704 | +79.6% |
| Deferred charges and accrued income | 490/1 | - | €137 | +€137 | |
| Total equity and liabilities | 10/49 | €439,868 | €437,289 | -€2,579 | -0.6% |
| Equity | 10/15 | €180,090 | €258,882 | +€78,792 | +43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,543 | €210,335 | +€78,792 | +59.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,664 | €36,664 | = | 0.0% |
| Distributable reserves | 133 | €93,019 | €171,811 | +€78,792 | +84.7% |
| Profit (loss) carried forward | 14 | €29,947 | €29,947 | = | 0.0% |
| Amounts payable | 17/49 | €259,778 | €178,407 | -€81,371 | -31.3% |
| Amounts payable after more than one year | 17 | €1,315 | - | -€1,315 | |
| Financial debts | 170/4 | €1,315 | - | -€1,315 | |
| Amounts payable within one year | 42/48 | €258,463 | €178,407 | -€80,056 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €15,333 | - | -€15,333 | |
| Financial debts | 43 | €163,000 | €73,967 | -€89,033 | -54.6% |
| Credit institutions | 430/8 | - | €39,710 | +€39,710 | |
| Other loans | 439 | €163,000 | €34,257 | -€128,743 | -79.0% |
| Trade debts | 44 | €13,561 | €25,790 | +€12,228 | +90.2% |
| Suppliers | 440/4 | €13,561 | €25,790 | +€12,228 | +90.2% |
| Taxes, remuneration and social security | 45 | €66,527 | €78,608 | +€12,081 | +18.2% |
| Taxes | 450/3 | €66,527 | €78,608 | +€12,081 | +18.2% |
| Other amounts payable | 47/48 | €42 | €42 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,275 | €619 | -€656 | -51.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €75,000 | - | -€75,000 | |
| Other operating charges | 640/8 | €21,227 | €107 | -€21,120 | -99.5% |
| Gross operating margin | 9900 | €99,319 | €135,960 | +€36,641 | +36.9% |
| Operating profit (loss) | 9901 | €1,817 | €135,234 | +€133,417 | +7,343% |
| Financial income | 75/76B | €561 | €131 | -€430 | -76.6% |
| Recurring financial income | 75 | €561 | €131 | -€430 | -76.6% |
| Financial charges | 65/66B | €17,305 | €14,918 | -€2,387 | -13.8% |
| Recurring financial charges | 65 | €17,305 | €14,918 | -€2,387 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,928 | €120,447 | +€135,375 | |
| Income taxes | 67/77 | - | €41,655 | +€41,655 | |
| Profit (loss) for the period | 9904 | -€14,928 | €78,792 | +€93,720 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,928 | €78,792 | +€93,720 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.