C.D.W.: 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.
C.D.W.
Largest movements
- Cash -€68,272
down €68,272 (-63.8%), from €106,978 to €38,705
mainly Other debts (-€68,389) and Net result for the year (-€20,360)
- Tangible fixed assets -€36,511
down €36,511 (-9.7%), from €376,317 to €339,806
of which Other tangible fixed assets: -€27,188
- Other debts -€68,389
down €68,389 (-81.9%), from €83,458 to €15,069
- Profit (loss) carried forward -€20,360
down €20,360 (-6.7%), from €303,070 to €282,710
- Financial income -€104,214
down €104,214 (-97.5%), from €106,900 to €2,686
- Financial charges -€55,679
down €55,679, from €4,541 to -€51,138
- Other operating charges -€30,079
down €30,079 (-84.5%), from €35,606 to €5,527
- Gross operating margin +€7,363
up €7,363 (+20.6%), from -€35,665 to -€28,302
- Depreciation +€1,020
up €1,020 (+2.6%), from €39,334 to €40,354
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,227,396 | €1,122,959 | -€104,437 | -8.5% |
| Fixed assets | 21/28 | €721,353 | €681,288 | -€40,066 | -5.6% |
| Intangible fixed assets | 21 | €9,122 | €5,567 | -€3,555 | -39.0% |
| Tangible fixed assets | 22/27 | €376,317 | €339,806 | -€36,511 | -9.7% |
| Land and buildings | 22 | €260,984 | €254,747 | -€6,237 | -2.4% |
| Furniture and vehicles | 24 | €11,085 | €8,000 | -€3,085 | -27.8% |
| Other tangible fixed assets | 26 | €104,248 | €77,060 | -€27,188 | -26.1% |
| Financial fixed assets | 28 | €335,915 | €335,915 | = | 0.0% |
| Current assets | 29/58 | €506,043 | €441,671 | -€64,372 | -12.7% |
| Amounts receivable within one year | 40/41 | €398,032 | €399,519 | +€1,486 | +0.4% |
| Trade receivables | 40 | €9,108 | €16,969 | +€7,862 | +86.3% |
| Other amounts receivable | 41 | €388,925 | €382,550 | -€6,375 | -1.6% |
| Cash at bank and in hand | 54/58 | €106,978 | €38,705 | -€68,272 | -63.8% |
| Deferred charges and accrued income | 490/1 | €1,033 | €3,447 | +€2,414 | +234% |
| Total equity and liabilities | 10/49 | €1,227,396 | €1,122,959 | -€104,437 | -8.5% |
| Equity | 10/15 | €1,114,917 | €1,094,558 | -€20,360 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €793,248 | €793,248 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €791,388 | €791,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,070 | €282,710 | -€20,360 | -6.7% |
| Amounts payable | 17/49 | €112,479 | €28,401 | -€84,078 | -74.7% |
| Amounts payable within one year | 42/48 | €112,479 | €28,401 | -€84,078 | -74.7% |
| Trade debts | 44 | €19,004 | €10,655 | -€8,348 | -43.9% |
| Suppliers | 440/4 | €19,004 | €10,655 | -€8,348 | -43.9% |
| Taxes, remuneration and social security | 45 | €10,017 | €2,677 | -€7,341 | -73.3% |
| Taxes | 450/3 | €10,017 | €2,677 | -€7,341 | -73.3% |
| Other amounts payable | 47/48 | €83,458 | €15,069 | -€68,389 | -81.9% |
| Non-recurring operating income | 76A | - | €288 | +€288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,334 | €40,354 | +€1,020 | +2.6% |
| Other operating charges | 640/8 | €35,606 | €5,527 | -€30,079 | -84.5% |
| Gross operating margin | 9900 | -€35,665 | -€28,302 | +€7,363 | +20.6% |
| Operating profit (loss) | 9901 | -€110,605 | -€74,183 | +€36,422 | +32.9% |
| Financial income | 75/76B | €106,900 | €2,686 | -€104,214 | -97.5% |
| Recurring financial income | 75 | €106,900 | €2,686 | -€104,214 | -97.5% |
| Financial charges | 65/66B | €4,541 | -€51,138 | -€55,679 | |
| Recurring financial charges | 65 | €4,541 | -€51,138 | -€55,679 | |
| Profit (loss) for the period before taxes | 9903 | -€8,246 | -€20,359 | -€12,113 | -147% |
| Income taxes | 67/77 | €63 | €1 | -€62 | -99.2% |
| Profit (loss) for the period | 9904 | -€8,309 | -€20,360 | -€12,051 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,309 | -€20,360 | -€12,051 | -145% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.