CINVERDE: 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.
CINVERDE
Largest movements
- Receivables within one year -€1,142
down €1,142 (-43.5%), from €2,625 to €1,483
of which Trade receivables: -€1,150
- Deferred charges and accrued income -€402
down €402 (-76.1%), from €528 to €126
- Cash +€49
up €49 (+8.0%), from €614 to €663
mainly Net result for the year (+€3,447) and Trade debts (+€2,221)
- Profit (loss) carried forward +€3,447
up €3,447 (+9.6%), from -€35,829 to -€32,383
- Short-term financial debts -€3,420
down €3,420 (-28.9%), from €11,836 to €8,417
- Trade debts +€2,221
up €2,221 (+106.6%), from €2,084 to €4,305
- Debts after one year -€1,513
down €1,513 (-49.8%), from €3,039 to €1,526
- Other debts -€1,356
down €1,356 (-24.3%), from €5,579 to €4,223
- Gross operating margin +€4,932
up €4,932 (+299.4%), from €1,647 to €6,580
- Other operating charges -€289
down €289 (-31.6%), from €916 to €627
- Financial charges +€182
up €182 (+7.8%), from €2,329 to €2,511
- Taxes -€110
down €110, from €105 to -€5
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 | €3,767 | €2,272 | -€1,495 | -39.7% |
| Current assets | 29/58 | €3,767 | €2,272 | -€1,495 | -39.7% |
| Amounts receivable within one year | 40/41 | €2,625 | €1,483 | -€1,142 | -43.5% |
| Trade receivables | 40 | €2,625 | €1,475 | -€1,150 | -43.8% |
| Other amounts receivable | 41 | €0 | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €614 | €663 | +€49 | +8.0% |
| Deferred charges and accrued income | 490/1 | €528 | €126 | -€402 | -76.1% |
| Total equity and liabilities | 10/49 | €3,767 | €2,272 | -€1,495 | -39.7% |
| Equity | 10/15 | -€22,718 | -€19,272 | +€3,447 | +15.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €611 | €611 | = | 0.0% |
| Non-distributable reserves | 130/1 | €611 | €611 | = | 0.0% |
| Reserves not available under the articles | 1311 | €611 | €611 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,829 | -€32,383 | +€3,447 | +9.6% |
| Amounts payable | 17/49 | €26,486 | €21,544 | -€4,942 | -18.7% |
| Amounts payable after more than one year | 17 | €3,039 | €1,526 | -€1,513 | -49.8% |
| Financial debts | 170/4 | €3,039 | €1,526 | -€1,513 | -49.8% |
| Amounts payable within one year | 42/48 | €22,786 | €19,934 | -€2,852 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €1,500 | €1,513 | +€13 | +0.9% |
| Financial debts | 43 | €11,836 | €8,417 | -€3,420 | -28.9% |
| Credit institutions | 430/8 | €11,836 | €8,417 | -€3,420 | -28.9% |
| Trade debts | 44 | €2,084 | €4,305 | +€2,221 | +106.6% |
| Suppliers | 440/4 | €2,084 | €4,305 | +€2,221 | +106.6% |
| Taxes, remuneration and social security | 45 | €1,787 | €1,476 | -€310 | -17.4% |
| Taxes | 450/3 | €897 | €586 | -€310 | -34.6% |
| Remuneration and social security | 454/9 | €890 | €890 | = | 0.0% |
| Other amounts payable | 47/48 | €5,579 | €4,223 | -€1,356 | -24.3% |
| Accrued charges and deferred income | 492/3 | €660 | €84 | -€576 | -87.3% |
| Other operating charges | 640/8 | €916 | €627 | -€289 | -31.6% |
| Gross operating margin | 9900 | €1,647 | €6,580 | +€4,932 | +299.4% |
| Operating profit (loss) | 9901 | €732 | €5,953 | +€5,221 | +713.8% |
| Financial income | 75/76B | €7 | €0 | -€7 | -95.8% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -95.8% |
| Financial charges | 65/66B | €2,329 | €2,511 | +€182 | +7.8% |
| Recurring financial charges | 65 | €2,329 | €2,511 | +€182 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,591 | €3,442 | +€5,033 | |
| Income taxes | 67/77 | €105 | -€5 | -€110 | |
| Profit (loss) for the period | 9904 | -€1,696 | €3,447 | +€5,142 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,696 | €3,447 | +€5,142 |
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 30 September 2026 via checked.be.