CMDWAVE: 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.
CMDWAVE
Largest movements
- Tangible fixed assets -€14,224
down €14,224 (-28.1%), from €50,689 to €36,465
of which Furniture and vehicles: -€12,324
- Receivables within one year +€6,730
up €6,730 (+8.9%), from €75,952 to €82,683
of which Other amounts receivable: +€8,000
- Debts after one year -€7,345
down €7,345 (-56.6%), from €12,977 to €5,632
- Other debts -€5,402
down €5,402 (-47.0%), from €11,482 to €6,080
- Profit (loss) carried forward +€4,643
up €4,643 (+10.4%), from €44,504 to €49,147
- Tax, wage and social debts +€1,433
up €1,433 (+6.8%), from €20,935 to €22,367
- Gross operating margin -€41,114
down €41,114 (-66.0%), from €62,301 to €21,187
- Taxes -€9,979
down €9,979 (-83.2%), from €11,988 to €2,008
- Other operating charges +€6,303
new in 2022: €6,303
- Depreciation +€2,063
up €2,063 (+37.2%), from €5,549 to €7,613
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,223 | €121,538 | -€6,685 | -5.2% |
| Fixed assets | 21/28 | €50,689 | €36,465 | -€14,224 | -28.1% |
| Tangible fixed assets | 22/27 | €50,689 | €36,465 | -€14,224 | -28.1% |
| Furniture and vehicles | 24 | €31,840 | €19,516 | -€12,324 | -38.7% |
| Other tangible fixed assets | 26 | €18,849 | €16,949 | -€1,900 | -10.1% |
| Current assets | 29/58 | €77,534 | €85,073 | +€7,539 | +9.7% |
| Amounts receivable within one year | 40/41 | €75,952 | €82,683 | +€6,730 | +8.9% |
| Trade receivables | 40 | €36,302 | €35,033 | -€1,270 | -3.5% |
| Other amounts receivable | 41 | €39,650 | €47,650 | +€8,000 | +20.2% |
| Cash at bank and in hand | 54/58 | €1,582 | €2,391 | +€809 | +51.1% |
| Total equity and liabilities | 10/49 | €128,223 | €121,538 | -€6,685 | -5.2% |
| Equity | 10/15 | €46,004 | €50,647 | +€4,643 | +10.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,504 | €49,147 | +€4,643 | +10.4% |
| Amounts payable | 17/49 | €82,219 | €70,892 | -€11,328 | -13.8% |
| Amounts payable after more than one year | 17 | €12,977 | €5,632 | -€7,345 | -56.6% |
| Financial debts | 170/4 | €12,977 | €5,632 | -€7,345 | -56.6% |
| Amounts payable within one year | 42/48 | €59,537 | €55,897 | -€3,640 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €7,161 | €7,345 | +€184 | +2.6% |
| Trade debts | 44 | €19,959 | €20,105 | +€146 | +0.7% |
| Suppliers | 440/4 | €19,959 | €20,105 | +€146 | +0.7% |
| Taxes, remuneration and social security | 45 | €20,935 | €22,367 | +€1,433 | +6.8% |
| Taxes | 450/3 | €20,935 | €22,367 | +€1,433 | +6.8% |
| Other amounts payable | 47/48 | €11,482 | €6,080 | -€5,402 | -47.0% |
| Accrued charges and deferred income | 492/3 | €9,706 | €9,363 | -€343 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,549 | €7,613 | +€2,063 | +37.2% |
| Other operating charges | 640/8 | - | €6,303 | +€6,303 | |
| Gross operating margin | 9900 | €62,301 | €21,187 | -€41,114 | -66.0% |
| Operating profit (loss) | 9901 | €56,752 | €7,271 | -€49,481 | -87.2% |
| Financial charges | 65/66B | €261 | €620 | +€359 | +137.9% |
| Recurring financial charges | 65 | €261 | €620 | +€359 | +137.9% |
| Profit (loss) for the period before taxes | 9903 | €56,491 | €6,651 | -€49,840 | -88.2% |
| Income taxes | 67/77 | €11,988 | €2,008 | -€9,979 | -83.2% |
| Profit (loss) for the period | 9904 | €44,504 | €4,643 | -€39,861 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,504 | €4,643 | -€39,861 | -89.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.