CEVERTIMMO: 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.
CEVERTIMMO
Largest movements
- Stocks and contracts +€1.4m
up €1.4m (+236.2%), from €579,850 to €1.9m
- Cash +€73,949
up €73,949 (+846.7%), from €8,734 to €82,683
mainly Short-term financial debts (+€1.2m) and Advances received (+€446,089)
- Short-term financial debts +€1.2m
new in 2024: €1.2m
- Advances received +€446,089
new in 2024: €446,089
- Other debts -€220,901
down €220,901 (-28.4%), from €777,817 to €556,917
- Profit (loss) carried forward -€89,263
down €89,263 (-46.9%), from -€190,135 to -€279,399
- Tax, wage and social debts +€84,070
up €84,070 (+41172.3%), from €204 to €84,274
- Financial charges +€57,465
up €57,465 (+2634.3%), from €2,181 to €59,646
- Depreciation +€7,481
up €7,481 (+68.8%), from €10,870 to €18,352
- Other operating charges -€4,929
down €4,929 (-84.6%), from €5,827 to €899
- Gross operating margin -€1,793
down €1,793 (-24.4%), from -€7,344 to -€9,137
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 | €672,165 | €2,094,804 | +€1.4m | +211.7% |
| Fixed assets | 21/28 | €80,860 | €61,308 | -€19,552 | -24.2% |
| Tangible fixed assets | 22/27 | €79,660 | €61,308 | -€18,352 | -23.0% |
| Furniture and vehicles | 24 | €79,660 | €61,308 | -€18,352 | -23.0% |
| Financial fixed assets | 28 | €1,200 | - | -€1,200 | |
| Current assets | 29/58 | €591,305 | €2,033,496 | +€1.4m | +243.9% |
| Stocks and contracts in progress | 3 | €579,850 | €1,949,519 | +€1.4m | +236.2% |
| Stocks | 30/36 | €579,850 | €1,949,519 | +€1.4m | +236.2% |
| Amounts receivable within one year | 40/41 | €1,487 | - | -€1,487 | |
| Other amounts receivable | 41 | €1,487 | - | -€1,487 | |
| Cash at bank and in hand | 54/58 | €8,734 | €82,683 | +€73,949 | +846.7% |
| Deferred charges and accrued income | 490/1 | €1,234 | €1,294 | +€60 | +4.9% |
| Total equity and liabilities | 10/49 | €672,165 | €2,094,804 | +€1.4m | +211.7% |
| Equity | 10/15 | -€182,075 | -€271,339 | -€89,263 | -49.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,135 | -€279,399 | -€89,263 | -46.9% |
| Amounts payable | 17/49 | €854,240 | €2,366,143 | +€1.5m | +177.0% |
| Amounts payable after more than one year | 17 | €51,571 | €31,593 | -€19,978 | -38.7% |
| Financial debts | 170/4 | €51,571 | €31,593 | -€19,978 | -38.7% |
| Amounts payable within one year | 42/48 | €802,669 | €2,334,550 | +€1.5m | +190.8% |
| Current portion of amounts payable after more than one year | 42 | €19,152 | €19,978 | +€826 | +4.3% |
| Financial debts | 43 | - | €1,222,713 | +€1.2m | |
| Credit institutions | 430/8 | - | €1,222,713 | +€1.2m | |
| Trade debts | 44 | €5,496 | €4,579 | -€916 | -16.7% |
| Suppliers | 440/4 | €5,496 | €4,579 | -€916 | -16.7% |
| Advances received on contracts in progress | 46 | - | €446,089 | +€446,089 | |
| Taxes, remuneration and social security | 45 | €204 | €84,274 | +€84,070 | +41172.3% |
| Taxes | 450/3 | €204 | €84,274 | +€84,070 | +41172.3% |
| Other amounts payable | 47/48 | €777,817 | €556,917 | -€220,901 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,870 | €18,352 | +€7,481 | +68.8% |
| Other operating charges | 640/8 | €5,827 | €899 | -€4,929 | -84.6% |
| Non-recurring operating charges | 66A | - | €950 | +€950 | |
| Gross operating margin | 9900 | -€7,344 | -€9,137 | -€1,793 | -24.4% |
| Operating profit (loss) | 9901 | -€24,042 | -€29,337 | -€5,295 | -22.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +700.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +700.0% |
| Financial charges | 65/66B | €2,181 | €59,646 | +€57,465 | +2634.3% |
| Recurring financial charges | 65 | €2,181 | €59,646 | +€57,465 | +2634.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,223 | -€88,983 | -€62,760 | -239.3% |
| Income taxes | 67/77 | €204 | €281 | +€76 | +37.4% |
| Profit (loss) for the period | 9904 | -€26,427 | -€89,263 | -€62,836 | -237.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,427 | -€89,263 | -€62,836 | -237.8% |
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.