C2V DISTRIBUTION: 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.
C2V DISTRIBUTION
Largest movements
- Cash -€58,628
down €58,628 (-19.3%), from €304,320 to €245,693
mainly Tax, wage and social debts (-€69,569) and Stocks and contracts (-€38,646)
- Stocks and contracts +€38,646
up €38,646 (+52.5%), from €73,608 to €112,253
- Tangible fixed assets -€6,926
down €6,926 (-6.7%), from €102,814 to €95,889
of which Other tangible fixed assets: -€8,365
- Tax, wage and social debts -€69,569
down €69,569 (-46.6%), from €149,191 to €79,622
of which Taxes: -€45,982
- Trade debts +€42,937
up €42,937 (+251.7%), from €17,056 to €59,993
- Debts after one year -€14,160
down €14,160 (-23.2%), from €61,041 to €46,881
- Reserves +€8,500
up €8,500 (+3.9%), from €219,360 to €227,860
of which Distributable reserves: +€8,500
- Gross operating margin -€104,145
down €104,145 (-32.2%), from €323,423 to €219,278
- Taxes -€28,719
down €28,719 (-82.3%), from €34,909 to €6,190
- Staff costs +€3,768
up €3,768 (+2.2%), from €173,378 to €177,146
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.
Cash bridge derived
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 | €530,519 | €500,246 | -€30,273 | -5.7% |
| Fixed assets | 21/28 | €110,014 | €103,089 | -€6,926 | -6.3% |
| Tangible fixed assets | 22/27 | €102,814 | €95,889 | -€6,926 | -6.7% |
| Furniture and vehicles | 24 | €7,558 | €8,998 | +€1,439 | +19.0% |
| Other tangible fixed assets | 26 | €95,256 | €86,891 | -€8,365 | -8.8% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €420,505 | €397,158 | -€23,347 | -5.6% |
| Stocks and contracts in progress | 3 | €73,608 | €112,253 | +€38,646 | +52.5% |
| Stocks | 30/36 | €73,608 | €112,253 | +€38,646 | +52.5% |
| Amounts receivable within one year | 40/41 | €37,561 | €35,144 | -€2,417 | -6.4% |
| Other amounts receivable | 41 | €37,561 | €35,144 | -€2,417 | -6.4% |
| Cash at bank and in hand | 54/58 | €304,320 | €245,693 | -€58,628 | -19.3% |
| Deferred charges and accrued income | 490/1 | €5,016 | €4,068 | -€947 | -18.9% |
| Total equity and liabilities | 10/49 | €530,519 | €500,246 | -€30,273 | -5.7% |
| Equity | 10/15 | €260,951 | €269,610 | +€8,659 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €219,360 | €227,860 | +€8,500 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €217,500 | €226,000 | +€8,500 | +3.9% |
| Profit (loss) carried forward | 14 | €22,991 | €23,150 | +€159 | +0.7% |
| Amounts payable | 17/49 | €269,568 | €230,636 | -€38,932 | -14.4% |
| Amounts payable after more than one year | 17 | €61,041 | €46,881 | -€14,160 | -23.2% |
| Financial debts | 170/4 | €61,041 | €46,881 | -€14,160 | -23.2% |
| Amounts payable within one year | 42/48 | €208,527 | €183,755 | -€24,772 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €13,539 | €14,160 | +€621 | +4.6% |
| Financial debts | 43 | €12,000 | €11,666 | -€334 | -2.8% |
| Credit institutions | 430/8 | €12,000 | €11,666 | -€334 | -2.8% |
| Trade debts | 44 | €17,056 | €59,993 | +€42,937 | +251.7% |
| Suppliers | 440/4 | €17,056 | €59,993 | +€42,937 | +251.7% |
| Taxes, remuneration and social security | 45 | €149,191 | €79,622 | -€69,569 | -46.6% |
| Taxes | 450/3 | €96,052 | €50,071 | -€45,982 | -47.9% |
| Remuneration and social security | 454/9 | €53,138 | €29,551 | -€23,587 | -44.4% |
| Other amounts payable | 47/48 | €16,742 | €18,315 | +€1,573 | +9.4% |
| Remuneration, social security and pensions | 62 | €173,378 | €177,146 | +€3,768 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,905 | €16,616 | +€2,711 | +19.5% |
| Other operating charges | 640/8 | €3,771 | €1,547 | -€2,223 | -59.0% |
| Gross operating margin | 9900 | €323,423 | €219,278 | -€104,145 | -32.2% |
| Operating profit (loss) | 9901 | €132,369 | €23,968 | -€108,401 | -81.9% |
| Financial income | 75/76B | €48 | €131 | +€84 | +175.8% |
| Recurring financial income | 75 | €48 | €131 | +€84 | +175.8% |
| Financial charges | 65/66B | €9,507 | €9,250 | -€257 | -2.7% |
| Recurring financial charges | 65 | €9,395 | €9,250 | -€145 | -1.5% |
| Non-recurring financial charges | 66B | €112 | - | -€112 | |
| Profit (loss) for the period before taxes | 9903 | €122,910 | €14,849 | -€108,061 | -87.9% |
| Income taxes | 67/77 | €34,909 | €6,190 | -€28,719 | -82.3% |
| Profit (loss) for the period | 9904 | €88,001 | €8,659 | -€79,342 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,001 | €8,659 | -€79,342 | -90.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.