CEDIVET: 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.
CEDIVET
Largest movements
- Current investments +€47,790
up €47,790 (+62.1%), from €76,913 to €124,703
- Receivables within one year -€21,534
down €21,534 (-100.0%), from €21,534 to €0
of which Trade receivables: -€20,241
- Cash +€11,072
up €11,072 (+13762.8%), from €80 to €11,153
mainly Net result for the year (+€39,085) and Receivables within one year (+€21,534)
- Profit (loss) carried forward +€39,085
up €39,085, from -€9,484 to €29,601
- Trade debts -€5,886
down €5,886 (-62.9%), from €9,356 to €3,470
- Tax, wage and social debts +€3,269
up €3,269 (+21.2%), from €15,424 to €18,693
- Other debts +€2,592
new in 2024: €2,592
- Gross operating margin +€13,418
up €13,418 (+44.9%), from €29,856 to €43,274
- Financial income +€10,423
up €10,423 (+546.3%), from €1,908 to €12,331
- Taxes +€5,313
up €5,313 (+67.9%), from €7,827 to €13,139
- Depreciation -€1,457
down €1,457 (-62.4%), from €2,336 to €879
- Financial charges -€478
down €478 (-46.9%), from €1,021 to €542
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 | €149,405 | €187,196 | +€37,792 | +25.3% |
| Fixed assets | 21/28 | €31,488 | €31,852 | +€364 | +1.2% |
| Tangible fixed assets | 22/27 | €31,488 | €31,852 | +€364 | +1.2% |
| Land and buildings | 22 | €30,000 | €30,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,067 | €654 | -€413 | -38.7% |
| Furniture and vehicles | 24 | €421 | €1,198 | +€777 | +184.7% |
| Current assets | 29/58 | €117,917 | €155,345 | +€37,427 | +31.7% |
| Amounts receivable after more than one year | 29 | €17,276 | €17,276 | = | 0.0% |
| Trade receivables | 290 | €17,276 | €17,276 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,534 | €0 | -€21,534 | -100.0% |
| Trade receivables | 40 | €20,241 | €0 | -€20,241 | -100.0% |
| Other amounts receivable | 41 | €1,293 | €0 | -€1,293 | -100.0% |
| Current investments | 50/53 | €76,913 | €124,703 | +€47,790 | +62.1% |
| Cash at bank and in hand | 54/58 | €80 | €11,153 | +€11,072 | +13762.8% |
| Deferred charges and accrued income | 490/1 | €2,114 | €2,213 | +€99 | +4.7% |
| Total equity and liabilities | 10/49 | €149,405 | €187,196 | +€37,792 | +25.3% |
| Equity | 10/15 | €123,357 | €162,442 | +€39,085 | +31.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €120,441 | €120,441 | = | 0.0% |
| 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 | €118,581 | €118,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,484 | €29,601 | +€39,085 | |
| Amounts payable | 17/49 | €26,048 | €24,754 | -€1,293 | -5.0% |
| Amounts payable within one year | 42/48 | €26,048 | €24,754 | -€1,293 | -5.0% |
| Financial debts | 43 | €1,268 | €0 | -€1,268 | -100.0% |
| Credit institutions | 430/8 | €1,268 | €0 | -€1,268 | -100.0% |
| Trade debts | 44 | €9,356 | €3,470 | -€5,886 | -62.9% |
| Suppliers | 440/4 | €9,356 | €3,470 | -€5,886 | -62.9% |
| Taxes, remuneration and social security | 45 | €15,424 | €18,693 | +€3,269 | +21.2% |
| Taxes | 450/3 | €15,424 | €18,693 | +€3,269 | +21.2% |
| Other amounts payable | 47/48 | - | €2,592 | +€2,592 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,336 | €879 | -€1,457 | -62.4% |
| Other operating charges | 640/8 | €1,737 | €1,959 | +€223 | +12.8% |
| Gross operating margin | 9900 | €29,856 | €43,274 | +€13,418 | +44.9% |
| Operating profit (loss) | 9901 | €25,783 | €40,436 | +€14,652 | +56.8% |
| Financial income | 75/76B | €1,908 | €12,331 | +€10,423 | +546.3% |
| Recurring financial income | 75 | €1,908 | €12,331 | +€10,423 | +546.3% |
| Financial charges | 65/66B | €1,021 | €542 | -€478 | -46.9% |
| Recurring financial charges | 65 | €1,021 | €542 | -€478 | -46.9% |
| Profit (loss) for the period before taxes | 9903 | €26,670 | €52,224 | +€25,554 | +95.8% |
| Income taxes | 67/77 | €7,827 | €13,139 | +€5,313 | +67.9% |
| Profit (loss) for the period | 9904 | €18,843 | €39,085 | +€20,241 | +107.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,843 | €39,085 | +€20,241 | +107.4% |
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 9 October 2026 via checked.be.