C.V.B.: what changed
Two fiscal 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.V.B.
Largest movements
- Tangible fixed assets +€15,240
up €15,240 (+80.9%), from €18,846 to €34,086
of which Furniture and vehicles: +€17,069
- Cash -€14,212
down €14,212 (-23.5%), from €60,438 to €46,226
mainly Trade debts (-€36,706) and Investment in fixed assets (net) (-€22,355)
- Receivables within one year -€13,617
down €13,617 (-6.7%), from €202,635 to €189,018
of which Trade receivables: -€33,314
- Trade debts -€36,706
down €36,706 (-39.3%), from €93,374 to €56,668
- Debts after one year +€13,281
up €13,281 (+97.5%), from €13,625 to €26,906
- Tax, wage and social debts +€11,780
up €11,780 (+33.7%), from €34,959 to €46,739
of which Taxes: +€18,091
- Gross operating margin -€22,170
down €22,170 (-25.8%), from €85,939 to €63,769
- Other operating charges -€10,137
down €10,137 (-67.1%), from €15,118 to €4,980
- Depreciation -€6,127
down €6,127 (-46.3%), from €13,242 to €7,115
- Staff costs -€5,547
down €5,547 (-9.7%), from €57,332 to €51,785
- Taxes -€1,878
down €1,878 (-37.3%), from €5,031 to €3,153
From the 2022 result to the 2023 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.
Cash bridge derived
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,479 | €276,004 | -€11,474 | -4.0% |
| Fixed assets | 21/28 | €22,973 | €38,213 | +€15,240 | +66.3% |
| Tangible fixed assets | 22/27 | €18,846 | €34,086 | +€15,240 | +80.9% |
| Plant, machinery and equipment | 23 | €2,712 | €883 | -€1,830 | -67.5% |
| Furniture and vehicles | 24 | €16,134 | €33,203 | +€17,069 | +105.8% |
| Financial fixed assets | 28 | €4,127 | €4,127 | = | 0.0% |
| Current assets | 29/58 | €264,506 | €237,792 | -€26,714 | -10.1% |
| Amounts receivable within one year | 40/41 | €202,635 | €189,018 | -€13,617 | -6.7% |
| Trade receivables | 40 | €79,411 | €46,096 | -€33,314 | -42.0% |
| Other amounts receivable | 41 | €123,224 | €142,922 | +€19,698 | +16.0% |
| Cash at bank and in hand | 54/58 | €60,438 | €46,226 | -€14,212 | -23.5% |
| Deferred charges and accrued income | 490/1 | €1,433 | €2,547 | +€1,114 | +77.8% |
| Total equity and liabilities | 10/49 | €287,479 | €276,004 | -€11,474 | -4.0% |
| Equity | 10/15 | €132,729 | €134,877 | +€2,148 | +1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €13,519 | €13,519 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €7,319 | €7,319 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,210 | €59,358 | +€2,148 | +3.8% |
| Amounts payable | 17/49 | €154,750 | €141,127 | -€13,622 | -8.8% |
| Amounts payable after more than one year | 17 | €13,625 | €26,906 | +€13,281 | +97.5% |
| Financial debts | 170/4 | €13,625 | €26,906 | +€13,281 | +97.5% |
| Amounts payable within one year | 42/48 | €141,125 | €114,222 | -€26,903 | -19.1% |
| Current portion of amounts payable after more than one year | 42 | €12,792 | €10,814 | -€1,978 | -15.5% |
| Trade debts | 44 | €93,374 | €56,668 | -€36,706 | -39.3% |
| Suppliers | 440/4 | €93,374 | €56,668 | -€36,706 | -39.3% |
| Taxes, remuneration and social security | 45 | €34,959 | €46,739 | +€11,780 | +33.7% |
| Taxes | 450/3 | €27,922 | €46,014 | +€18,091 | +64.8% |
| Remuneration and social security | 454/9 | €7,036 | €725 | -€6,311 | -89.7% |
| Remuneration, social security and pensions | 62 | €57,332 | €51,785 | -€5,547 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,242 | €7,115 | -€6,127 | -46.3% |
| Other operating charges | 640/8 | €15,118 | €4,980 | -€10,137 | -67.1% |
| Gross operating margin | 9900 | €85,939 | €63,769 | -€22,170 | -25.8% |
| Operating profit (loss) | 9901 | €247 | -€111 | -€358 | |
| Financial income | 75/76B | €7,608 | €6,799 | -€809 | -10.6% |
| Recurring financial income | 75 | €7,608 | €6,799 | -€809 | -10.6% |
| Financial charges | 65/66B | €1,879 | €1,387 | -€492 | -26.2% |
| Recurring financial charges | 65 | €1,879 | €1,387 | -€492 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €5,976 | €5,301 | -€675 | -11.3% |
| Income taxes | 67/77 | €5,031 | €3,153 | -€1,878 | -37.3% |
| Profit (loss) for the period | 9904 | €945 | €2,148 | +€1,203 | +127.3% |
| Profit (loss) for the period to be appropriated | 9905 | €945 | €2,148 | +€1,203 | +127.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.