CDP DE WULF & 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.
CDP DE WULF & C°
Largest movements
- Cash -€106,960
down €106,960 (-13.4%), from €799,804 to €692,845
mainly Contributions, distributions and other (-€364,730) and Current investments (-€100,000)
- Current investments +€100,000
new in 2024: €100,000
- Receivables within one year +€74,005
up €74,005 (+42.2%), from €175,167 to €249,173
of which Trade receivables: +€74,005
- Profit (loss) carried forward -€213,744
down €213,744 (-77.8%), from €274,770 to €61,026
- Other debts +€208,280
up €208,280 (+210%), from €99,404 to €307,684
- Trade debts +€166,686
up €166,686 (+92.9%), from €179,403 to €346,089
- Reserves -€77,826
down €77,826 (-97.3%), from €79,960 to €2,134
of which Distributable reserves: -€71,636
- Contributions -€19,466
down €19,466 (-97.3%), from €20,000 to €534
- Gross operating margin -€117,619
down €117,619 (-23.8%), from €494,050 to €376,431
- Staff costs -€45,163
down €45,163 (-12.2%), from €371,419 to €326,257
- Taxes -€27,523
down €27,523, from €21,820 to -€5,703
- Depreciation -€14,107
down €14,107 (-76.5%), from €18,437 to €4,330
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 | €995,461 | €1,060,263 | +€64,802 | +6.5% |
| Fixed assets | 21/28 | €10,574 | €5,634 | -€4,940 | -46.7% |
| Tangible fixed assets | 22/27 | €7,964 | €3,634 | -€4,330 | -54.4% |
| Plant, machinery and equipment | 23 | €4,779 | €3,584 | -€1,195 | -25.0% |
| Furniture and vehicles | 24 | €3,185 | €50 | -€3,135 | -98.4% |
| Financial fixed assets | 28 | €2,610 | €2,000 | -€610 | -23.4% |
| Current assets | 29/58 | €984,887 | €1,054,629 | +€69,742 | +7.1% |
| Amounts receivable within one year | 40/41 | €175,167 | €249,173 | +€74,005 | +42.2% |
| Trade receivables | 40 | €164,967 | €238,973 | +€74,005 | +44.9% |
| Other amounts receivable | 41 | €10,200 | €10,200 | = | 0.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €799,804 | €692,845 | -€106,960 | -13.4% |
| Deferred charges and accrued income | 490/1 | €9,915 | €12,612 | +€2,697 | +27.2% |
| Total equity and liabilities | 10/49 | €995,461 | €1,060,263 | +€64,802 | +6.5% |
| Equity | 10/15 | €374,730 | €63,693 | -€311,037 | -83.0% |
| Contributions | 10/11 | €20,000 | €534 | -€19,466 | -97.3% |
| Capital | 10 | €20,000 | €534 | -€19,466 | -97.3% |
| Issued capital | 100 | €20,000 | €534 | -€19,466 | -97.3% |
| Reserves | 13 | €79,960 | €2,134 | -€77,826 | -97.3% |
| Non-distributable reserves | 130/1 | €6,360 | €170 | -€6,190 | -97.3% |
| Legal reserve | 130 | €6,360 | - | -€6,360 | |
| Reserves not available under the articles | 1311 | - | €170 | +€170 | |
| Distributable reserves | 133 | €73,600 | €1,964 | -€71,636 | -97.3% |
| Profit (loss) carried forward | 14 | €274,770 | €61,026 | -€213,744 | -77.8% |
| Amounts payable | 17/49 | €620,730 | €996,570 | +€375,839 | +60.5% |
| Amounts payable within one year | 42/48 | €380,730 | €742,063 | +€361,333 | +94.9% |
| Trade debts | 44 | €179,403 | €346,089 | +€166,686 | +92.9% |
| Suppliers | 440/4 | €179,403 | €346,089 | +€166,686 | +92.9% |
| Taxes, remuneration and social security | 45 | €101,924 | €88,291 | -€13,633 | -13.4% |
| Taxes | 450/3 | €99,070 | €88,291 | -€10,779 | -10.9% |
| Remuneration and social security | 454/9 | €2,854 | - | -€2,854 | |
| Other amounts payable | 47/48 | €99,404 | €307,684 | +€208,280 | +210% |
| Accrued charges and deferred income | 492/3 | €240,000 | €254,506 | +€14,506 | +6.0% |
| Remuneration, social security and pensions | 62 | €371,419 | €326,257 | -€45,163 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,437 | €4,330 | -€14,107 | -76.5% |
| Other operating charges | 640/8 | €4,944 | €1,896 | -€3,048 | -61.6% |
| Gross operating margin | 9900 | €494,050 | €376,431 | -€117,619 | -23.8% |
| Operating profit (loss) | 9901 | €99,249 | €43,948 | -€55,301 | -55.7% |
| Financial income | 75/76B | €1,722 | €4,462 | +€2,740 | +159% |
| Recurring financial income | 75 | €1,722 | €4,462 | +€2,740 | +159% |
| Financial charges | 65/66B | €590 | €421 | -€170 | -28.7% |
| Recurring financial charges | 65 | €590 | €421 | -€170 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | €100,381 | €47,990 | -€52,391 | -52.2% |
| Income taxes | 67/77 | €21,820 | -€5,703 | -€27,523 | |
| Profit (loss) for the period | 9904 | €78,561 | €53,693 | -€24,868 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €78,561 | €53,693 | -€24,868 | -31.7% |
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 22 October 2026 via checked.be.