CEVERTEC: 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.
CEVERTEC
Largest movements
- Tangible fixed assets -€39,043
down €39,043 (-7.2%), from €539,696 to €500,653
of which Land and buildings: -€25,709
- Receivables within one year -€35,018
down €35,018 (-99.2%), from €35,297 to €278
of which Trade receivables: -€34,722
- Cash -€14,504
down €14,504 (-43.8%), from €33,121 to €18,617
mainly Other debts (-€84,692) and Trade debts (-€34,619)
- Deferred charges and accrued income -€6,195
down €6,195 (-88.5%), from €7,000 to €805
- Other debts -€84,692
down €84,692 (-79.9%), from €106,044 to €21,352
- Reserves +€73,500
up €73,500 (+54.0%), from €136,211 to €209,711
of which Distributable reserves: +€73,500
- Trade debts -€34,619
down €34,619 (-84.9%), from €40,765 to €6,146
- Tax, wage and social debts -€33,843
down €33,843 (-81.7%), from €41,425 to €7,582
of which Remuneration and social security: -€30,466
- Debts after one year -€22,131
down €22,131 (-17.5%), from €126,620 to €104,490
- Gross operating margin +€31,945
up €31,945 (+21.7%), from €147,443 to €179,389
- Taxes +€10,041
up €10,041 (+39.1%), from €25,664 to €35,706
- Other operating charges +€3,645
up €3,645 (+60.4%), from €6,039 to €9,684
- Financial charges -€3,599
down €3,599 (-37.2%), from €9,682 to €6,083
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 | €615,882 | €520,608 | -€95,274 | -15.5% |
| Fixed assets | 21/28 | €540,464 | €500,907 | -€39,557 | -7.3% |
| Intangible fixed assets | 21 | €768 | €255 | -€513 | -66.8% |
| Tangible fixed assets | 22/27 | €539,696 | €500,653 | -€39,043 | -7.2% |
| Land and buildings | 22 | €496,444 | €470,735 | -€25,709 | -5.2% |
| Plant, machinery and equipment | 23 | €4,097 | €2,380 | -€1,717 | -41.9% |
| Furniture and vehicles | 24 | €14,742 | €7,618 | -€7,124 | -48.3% |
| Other tangible fixed assets | 26 | €24,413 | €19,920 | -€4,493 | -18.4% |
| Current assets | 29/58 | €75,418 | €19,701 | -€55,717 | -73.9% |
| Amounts receivable within one year | 40/41 | €35,297 | €278 | -€35,018 | -99.2% |
| Trade receivables | 40 | €35,000 | €278 | -€34,722 | -99.2% |
| Other amounts receivable | 41 | €297 | - | -€297 | |
| Cash at bank and in hand | 54/58 | €33,121 | €18,617 | -€14,504 | -43.8% |
| Deferred charges and accrued income | 490/1 | €7,000 | €805 | -€6,195 | -88.5% |
| Total equity and liabilities | 10/49 | €615,882 | €520,608 | -€95,274 | -15.5% |
| Equity | 10/15 | €246,798 | €320,691 | +€73,893 | +29.9% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €136,211 | €209,711 | +€73,500 | +54.0% |
| Tax-exempt reserves | 132 | €3,811 | €3,811 | = | 0.0% |
| Distributable reserves | 133 | €132,400 | €205,900 | +€73,500 | +55.5% |
| Profit (loss) carried forward | 14 | €94,387 | €94,780 | +€393 | +0.4% |
| Amounts payable | 17/49 | €369,084 | €199,917 | -€169,167 | -45.8% |
| Amounts payable after more than one year | 17 | €126,620 | €104,490 | -€22,131 | -17.5% |
| Financial debts | 170/4 | €126,620 | €104,490 | -€22,131 | -17.5% |
| Amounts payable within one year | 42/48 | €232,257 | €93,571 | -€138,687 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €44,023 | €49,662 | +€5,639 | +12.8% |
| Financial debts | 43 | - | €8,829 | +€8,829 | |
| Credit institutions | 430/8 | - | €8,829 | +€8,829 | |
| Trade debts | 44 | €40,765 | €6,146 | -€34,619 | -84.9% |
| Suppliers | 440/4 | €40,765 | €6,146 | -€34,619 | -84.9% |
| Taxes, remuneration and social security | 45 | €41,425 | €7,582 | -€33,843 | -81.7% |
| Taxes | 450/3 | €10,958 | €7,582 | -€3,376 | -30.8% |
| Remuneration and social security | 454/9 | €30,466 | - | -€30,466 | |
| Other amounts payable | 47/48 | €106,044 | €21,352 | -€84,692 | -79.9% |
| Accrued charges and deferred income | 492/3 | €10,206 | €1,856 | -€8,350 | -81.8% |
| Non-recurring operating income | 76A | - | €932 | +€932 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,022 | €39,557 | +€535 | +1.4% |
| Other operating charges | 640/8 | €6,039 | €9,684 | +€3,645 | +60.4% |
| Gross operating margin | 9900 | €147,443 | €179,389 | +€31,945 | +21.7% |
| Operating profit (loss) | 9901 | €102,383 | €130,148 | +€27,766 | +27.1% |
| Financial income | 75/76B | €57 | €34 | -€22 | -39.6% |
| Recurring financial income | 75 | €57 | €34 | -€22 | -39.6% |
| Financial charges | 65/66B | €9,682 | €6,083 | -€3,599 | -37.2% |
| Recurring financial charges | 65 | €9,682 | €6,083 | -€3,599 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €92,757 | €124,099 | +€31,342 | +33.8% |
| Income taxes | 67/77 | €25,664 | €35,706 | +€10,041 | +39.1% |
| Profit (loss) for the period | 9904 | €67,093 | €88,393 | +€21,300 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,093 | €88,393 | +€21,300 | +31.7% |
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 1 October 2026 via checked.be.