CEDIVA: 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.
CEDIVA
Largest movements
- Current investments +€100,522
new in 2025: €100,522
- Cash -€51,223
down €51,223 (-25.9%), from €198,053 to €146,830
mainly Current investments (-€100,522) and Investment in fixed assets (net) (-€30,786)
- Tangible fixed assets +€18,838
up €18,838 (+7.4%), from €254,664 to €273,502
of which Furniture and vehicles: +€27,675
- Receivables within one year +€14,519
up €14,519 (+35.6%), from €40,805 to €55,324
- Reserves +€78,369
up €78,369 (+31.3%), from €250,210 to €328,579
of which Distributable reserves: +€78,369
- Current portion of long-term debt -€27,342
down €27,342 (-80.2%), from €34,113 to €6,771
- Tax, wage and social debts +€23,013
up €23,013 (+77.3%), from €29,770 to €52,783
of which Taxes: +€23,869
- Accrued charges and deferred income +€20,502
new in 2025: €20,502
- Debts after one year -€7,060
no longer reported in 2025 (was €7,060)
- Gross operating margin +€19,573
up €19,573 (+10.7%), from €182,512 to €202,085
- Staff costs +€13,950
up €13,950 (+21.8%), from €63,924 to €77,874
- Taxes +€8,202
up €8,202 (+30.1%), from €27,291 to €35,493
- Financial income +€7,651
new in 2025: €7,651
of which Non-recurring financial income: +€4,500
- Other operating charges -€6,100
down €6,100 (-73.3%), from €8,321 to €2,221
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,522 | €576,178 | +€82,656 | +16.7% |
| Fixed assets | 21/28 | €254,664 | €273,502 | +€18,838 | +7.4% |
| Tangible fixed assets | 22/27 | €254,664 | €273,502 | +€18,838 | +7.4% |
| Land and buildings | 22 | €244,761 | €237,226 | -€7,535 | -3.1% |
| Furniture and vehicles | 24 | €1,244 | €28,919 | +€27,675 | +2224.7% |
| Other tangible fixed assets | 26 | €8,659 | €7,357 | -€1,302 | -15.0% |
| Current assets | 29/58 | €238,858 | €302,676 | +€63,818 | +26.7% |
| Amounts receivable within one year | 40/41 | €40,805 | €55,324 | +€14,519 | +35.6% |
| Trade receivables | 40 | €40,805 | €55,324 | +€14,519 | +35.6% |
| Current investments | 50/53 | - | €100,522 | +€100,522 | |
| Cash at bank and in hand | 54/58 | €198,053 | €146,830 | -€51,223 | -25.9% |
| Total equity and liabilities | 10/49 | €493,522 | €576,178 | +€82,656 | +16.7% |
| Equity | 10/15 | €413,264 | €491,633 | +€78,369 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €250,210 | €328,579 | +€78,369 | +31.3% |
| 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 | €248,350 | €326,719 | +€78,369 | +31.6% |
| Profit (loss) carried forward | 14 | €144,454 | €144,454 | = | 0.0% |
| Amounts payable | 17/49 | €80,258 | €84,545 | +€4,287 | +5.3% |
| Amounts payable after more than one year | 17 | €7,060 | - | -€7,060 | |
| Financial debts | 170/4 | €7,060 | - | -€7,060 | |
| Amounts payable within one year | 42/48 | €73,198 | €64,043 | -€9,155 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €34,113 | €6,771 | -€27,342 | -80.2% |
| Trade debts | 44 | €5,161 | €335 | -€4,826 | -93.5% |
| Suppliers | 440/4 | €5,161 | €335 | -€4,826 | -93.5% |
| Taxes, remuneration and social security | 45 | €29,770 | €52,783 | +€23,013 | +77.3% |
| Taxes | 450/3 | €20,579 | €44,448 | +€23,869 | +116.0% |
| Remuneration and social security | 454/9 | €9,191 | €8,335 | -€856 | -9.3% |
| Other amounts payable | 47/48 | €4,154 | €4,154 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €20,502 | +€20,502 | |
| Remuneration, social security and pensions | 62 | €63,924 | €77,874 | +€13,950 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,584 | €11,948 | -€3,636 | -23.3% |
| Other operating charges | 640/8 | €8,321 | €2,221 | -€6,100 | -73.3% |
| Gross operating margin | 9900 | €182,512 | €202,085 | +€19,573 | +10.7% |
| Operating profit (loss) | 9901 | €94,683 | €110,042 | +€15,359 | +16.2% |
| Financial income | 75/76B | - | €7,651 | +€7,651 | |
| Recurring financial income | 75 | - | €3,151 | +€3,151 | |
| Non-recurring financial income | 76B | - | €4,500 | +€4,500 | |
| Financial charges | 65/66B | €2,971 | €3,831 | +€860 | +28.9% |
| Recurring financial charges | 65 | €2,971 | €3,831 | +€860 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €91,712 | €113,862 | +€22,150 | +24.2% |
| Income taxes | 67/77 | €27,291 | €35,493 | +€8,202 | +30.1% |
| Profit (loss) for the period | 9904 | €64,421 | €78,369 | +€13,948 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €64,421 | €78,369 | +€13,948 | +21.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.