C.S.V.D.C.: 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.S.V.D.C.
Largest movements
- Receivables within one year +€6,960
up €6,960 (+21.6%), from €32,184 to €39,143
of which Trade receivables: +€4,378
- Cash -€6,315
down €6,315 (-59.9%), from €10,550 to €4,236
mainly Contributions, distributions and other (-€30,200) and Receivables within one year (-€6,960)
- Deferred charges and accrued income -€2,435
down €2,435 (-87.8%), from €2,774 to €339
- Receivables after one year -€2,400
no longer reported in 2024 (was €2,400)
- Reserves -€22,700
down €22,700 (-75.2%), from €30,200 to €7,500
- Current portion of long-term debt +€11,302
new in 2024: €11,302
- Other debts +€6,306
up €6,306 (+1,535%), from €411 to €6,717
- Debts after one year +€3,881
new in 2024: €3,881
- Advances received -€3,541
down €3,541 (-98.6%), from €3,591 to €50
- Gross operating margin -€6,024
down €6,024 (-32.7%), from €18,445 to €12,421
- Financial income +€3,561
up €3,561 (+8,204%), from €43 to €3,605
- Financial charges +€439
up €439 (+245%), from €180 to €619
- Taxes -€397
down €397 (-13.1%), from €3,025 to €2,628
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 | €59,037 | €54,277 | -€4,760 | -8.1% |
| Fixed assets | 21/28 | €11,129 | €10,559 | -€570 | -5.1% |
| Tangible fixed assets | 22/27 | €11,129 | €10,559 | -€570 | -5.1% |
| Land and buildings | 22 | - | €3,990 | +€3,990 | |
| Plant, machinery and equipment | 23 | €8,305 | €4,942 | -€3,364 | -40.5% |
| Furniture and vehicles | 24 | €2,823 | €1,628 | -€1,196 | -42.4% |
| Current assets | 29/58 | €47,908 | €43,718 | -€4,190 | -8.7% |
| Amounts receivable after more than one year | 29 | €2,400 | - | -€2,400 | |
| Other amounts receivable | 291 | €2,400 | - | -€2,400 | |
| Amounts receivable within one year | 40/41 | €32,184 | €39,143 | +€6,960 | +21.6% |
| Trade receivables | 40 | €28,814 | €33,192 | +€4,378 | +15.2% |
| Other amounts receivable | 41 | €3,370 | €5,952 | +€2,582 | +76.6% |
| Cash at bank and in hand | 54/58 | €10,550 | €4,236 | -€6,315 | -59.9% |
| Deferred charges and accrued income | 490/1 | €2,774 | €339 | -€2,435 | -87.8% |
| Total equity and liabilities | 10/49 | €59,037 | €54,277 | -€4,760 | -8.1% |
| Equity | 10/15 | €34,282 | €11,526 | -€22,756 | -66.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €30,200 | €7,500 | -€22,700 | -75.2% |
| Distributable reserves | 133 | €30,200 | €7,500 | -€22,700 | -75.2% |
| Profit (loss) carried forward | 14 | €82 | €26 | -€56 | -67.9% |
| Amounts payable | 17/49 | €24,754 | €42,751 | +€17,996 | +72.7% |
| Amounts payable after more than one year | 17 | - | €3,881 | +€3,881 | |
| Financial debts | 170/4 | - | €3,881 | +€3,881 | |
| Amounts payable within one year | 42/48 | €24,690 | €38,803 | +€14,113 | +57.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,302 | +€11,302 | |
| Financial debts | 43 | - | €7 | +€7 | |
| Credit institutions | 430/8 | - | €7 | +€7 | |
| Trade debts | 44 | €15,484 | €15,883 | +€399 | +2.6% |
| Suppliers | 440/4 | €15,484 | €15,883 | +€399 | +2.6% |
| Advances received on contracts in progress | 46 | €3,591 | €50 | -€3,541 | -98.6% |
| Taxes, remuneration and social security | 45 | €5,205 | €4,846 | -€360 | -6.9% |
| Taxes | 450/3 | €5,205 | €4,654 | -€552 | -10.6% |
| Remuneration and social security | 454/9 | - | €192 | +€192 | |
| Other amounts payable | 47/48 | €411 | €6,717 | +€6,306 | +1,535% |
| Accrued charges and deferred income | 492/3 | €64 | €66 | +€2 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,662 | €4,820 | +€158 | +3.4% |
| Other operating charges | 640/8 | €625 | €515 | -€111 | -17.7% |
| Gross operating margin | 9900 | €18,445 | €12,421 | -€6,024 | -32.7% |
| Operating profit (loss) | 9901 | €13,158 | €7,087 | -€6,071 | -46.1% |
| Financial income | 75/76B | €43 | €3,605 | +€3,561 | +8,204% |
| Recurring financial income | 75 | €43 | €3,605 | +€3,561 | +8,204% |
| Financial charges | 65/66B | €180 | €619 | +€439 | +245% |
| Recurring financial charges | 65 | €180 | €619 | +€439 | +245% |
| Profit (loss) for the period before taxes | 9903 | €13,022 | €10,073 | -€2,949 | -22.6% |
| Income taxes | 67/77 | €3,025 | €2,628 | -€397 | -13.1% |
| Profit (loss) for the period | 9904 | €9,997 | €7,444 | -€2,553 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,997 | €7,444 | -€2,553 | -25.5% |
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 27 October 2026 via checked.be.