CDV CARS: what changed
What changed
CDV CARS
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
filed annual accounts (NBB)
Net result for the year
-€120,853
2024 · -€1,356-€119,497
Equity
€341,264
2024 · €462,117-€120,853
Cash
€51,797
2024 · €37,545+€14,252
Balance sheet total
€1.4m
2024 · €1.7m-€220,947
Largest movements
Assets
- Stocks and contracts -€122,414
down €122,414 (-11.1%), from €1.1m to €981,492
- Receivables within one year -€113,216
down €113,216 (-29.8%), from €380,122 to €266,906
of which Trade receivables: -€111,245
Equity and liabilities
- Current portion of long-term debt +€500,038
up €500,038 (+1,397%), from €35,804 to €535,841
- Short-term financial debts -€500,000
down €500,000 (-90.9%), from €550,000 to €50,000
- Profit (loss) carried forward -€77,306
down €77,306, from €30,894 to -€46,412
- Trade debts -€48,904
down €48,904 (-12.8%), from €383,508 to €334,605
- Reserves -€43,547
down €43,547 (-18.3%), from €237,623 to €194,076
of which Tax-exempt reserves: -€43,547
Income statement
- Write-downs +€104,656
new in 2025: €104,656
- Gross operating margin -€92,343
down €92,343 (-64.1%), from €143,994 to €51,651
- Financial charges -€31,763
down €31,763 (-47.0%), from €67,635 to €35,872
- Depreciation -€29,462
down €29,462 (-53.1%), from €55,434 to €25,972
- Other operating charges -€8,225
down €8,225 (-43.1%), from €19,097 to €10,873
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,356
Gross operating margin
-€92,343
Depreciation
+€29,462
Write-downs
-€104,656
Other operating charges
+€8,225
Other operating items
+€1,137
Financial income
+€126
Financial charges
+€31,763
Taxes
-€4,097
Deferred taxes and other
+€10,887
Result 2025
-€120,853
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€75,209
Investment
-€25,153
Financing
-€35,804
Cash 2024
€37,545
From operations (derived)
+€75,209
Net result for the year
-€120,853
Depreciation
+€25,972
Stocks and contracts
+€122,414
Receivables within one year
+€113,216
Deferred charges and accrued income
-€1,250
Provisions
-€10,887
Trade debts
-€48,904
Tax, wage and social debts
-€14,970
Advances received
-€30
Other debts
+€10,500
Investment (derived)
-€25,153
Investment in fixed assets (net)
-€25,153
Financing
-€35,804
Debts after one year
-€35,841
Current portion of long-term debt
+€500,038
Short-term financial debts
-€500,000
Cash 2025
€51,797
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,660,074 | €1,439,127 | -€220,947 | -13.3% |
| Fixed assets | 21/28 | €137,457 | €136,638 | -€819 | -0.6% |
| Tangible fixed assets | 22/27 | €134,437 | €133,618 | -€819 | -0.6% |
| Land and buildings | 22 | €60,395 | €57,081 | -€3,314 | -5.5% |
| Plant, machinery and equipment | 23 | €11,690 | €19,043 | +€7,353 | +62.9% |
| Furniture and vehicles | 24 | €62,352 | €45,479 | -€16,873 | -27.1% |
| Other tangible fixed assets | 26 | - | €12,015 | +€12,015 | |
| Financial fixed assets | 28 | €3,020 | €3,020 | = | 0.0% |
| Current assets | 29/58 | €1,522,617 | €1,302,489 | -€220,128 | -14.5% |
| Stocks and contracts in progress | 3 | €1,103,906 | €981,492 | -€122,414 | -11.1% |
| Stocks | 30/36 | €1,103,906 | €981,492 | -€122,414 | -11.1% |
| Amounts receivable within one year | 40/41 | €380,122 | €266,906 | -€113,216 | -29.8% |
| Trade receivables | 40 | €341,193 | €229,948 | -€111,245 | -32.6% |
| Other amounts receivable | 41 | €38,929 | €36,958 | -€1,971 | -5.1% |
| Current investments | 50/53 | €1,044 | €1,044 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,545 | €51,797 | +€14,252 | +38.0% |
| Deferred charges and accrued income | 490/1 | - | €1,250 | +€1,250 | |
| Total equity and liabilities | 10/49 | €1,660,074 | €1,439,127 | -€220,947 | -13.3% |
| Equity | 10/15 | €462,117 | €341,264 | -€120,853 | -26.2% |
| Contributions | 10/11 | €193,600 | €193,600 | = | 0.0% |
| Reserves | 13 | €237,623 | €194,076 | -€43,547 | -18.3% |
| Tax-exempt reserves | 132 | €43,547 | €0 | -€43,547 | -100% |
| Distributable reserves | 133 | €194,076 | €194,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,894 | -€46,412 | -€77,306 | |
| Provisions and deferred taxes | 16 | €10,887 | €0 | -€10,887 | -100% |
| Deferred taxes | 168 | €10,887 | €0 | -€10,887 | -100% |
| Amounts payable | 17/49 | €1,187,070 | €1,097,863 | -€89,207 | -7.5% |
| Amounts payable after more than one year | 17 | €96,217 | €60,375 | -€35,841 | -37.3% |
| Financial debts | 170/4 | €96,217 | €60,375 | -€35,841 | -37.3% |
| Amounts payable within one year | 42/48 | €1,090,853 | €1,037,487 | -€53,366 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €35,804 | €535,841 | +€500,038 | +1,397% |
| Financial debts | 43 | €550,000 | €50,000 | -€500,000 | -90.9% |
| Credit institutions | 430/8 | €550,000 | €50,000 | -€500,000 | -90.9% |
| Trade debts | 44 | €383,508 | €334,605 | -€48,904 | -12.8% |
| Suppliers | 440/4 | €383,508 | €334,605 | -€48,904 | -12.8% |
| Advances received on contracts in progress | 46 | €30 | €0 | -€30 | -100% |
| Taxes, remuneration and social security | 45 | €38,141 | €23,171 | -€14,970 | -39.2% |
| Taxes | 450/3 | €38,141 | €23,171 | -€14,970 | -39.2% |
| Other amounts payable | 47/48 | €83,371 | €93,871 | +€10,500 | +12.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,434 | €25,972 | -€29,462 | -53.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €104,656 | +€104,656 | |
| Other operating charges | 640/8 | €19,097 | €10,873 | -€8,225 | -43.1% |
| Non-recurring operating charges | 66A | €1,137 | €0 | -€1,137 | -100% |
| Gross operating margin | 9900 | €143,994 | €51,651 | -€92,343 | -64.1% |
| Operating profit (loss) | 9901 | €68,326 | -€89,850 | -€158,176 | |
| Financial income | 75/76B | €0 | €126 | +€126 | +210,633% |
| Recurring financial income | 75 | €0 | €126 | +€126 | +210,633% |
| Financial charges | 65/66B | €67,635 | €35,872 | -€31,763 | -47.0% |
| Recurring financial charges | 65 | €67,635 | €35,872 | -€31,763 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €692 | -€125,595 | -€126,287 | |
| Transfer from deferred taxes | 780 | - | €10,887 | +€10,887 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €2,048 | €6,145 | +€4,097 | +200% |
| Profit (loss) for the period | 9904 | -€1,356 | -€120,853 | -€119,497 | -8,811% |
| Transfer from tax-exempt reserves | 789 | - | €43,547 | +€43,547 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,356 | -€77,306 | -€75,950 | -5,600% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.