CMVO: 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.
CMVO
Largest movements
- Deferred charges and accrued income -€12,707
down €12,707 (-17.0%), from €74,664 to €61,957
- Tangible fixed assets -€12,671
down €12,671 (-27.5%), from €45,998 to €33,327
of which Furniture and vehicles: -€8,971
- Intangible fixed assets -€10,000
down €10,000 (-14.3%), from €70,060 to €60,060
- Receivables within one year +€5,331
new in 2024: €5,331
- Cash -€3,972
down €3,972 (-2.1%), from €191,819 to €187,847
mainly Contributions, distributions and other (-€194,698) and Debts after one year (-€19,144)
- Profit (loss) carried forward -€96,062
no longer reported in 2024 (was €96,062)
- Other debts +€88,120
up €88,120 (+347.5%), from €25,358 to €113,477
- Debts after one year -€19,144
down €19,144 (-23.3%), from €82,206 to €63,062
of which Financial debts: -€13,468
- Current portion of long-term debt -€12,562
down €12,562 (-48.3%), from €26,029 to €13,468
- Tax, wage and social debts +€6,492
up €6,492 (+34.0%), from €19,111 to €25,603
- Financial charges -€1,802
down €1,802 (-44.6%), from €4,037 to €2,234
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 | €382,541 | €348,522 | -€34,019 | -8.9% |
| Fixed assets | 21/28 | €116,058 | €93,387 | -€22,671 | -19.5% |
| Intangible fixed assets | 21 | €70,060 | €60,060 | -€10,000 | -14.3% |
| Tangible fixed assets | 22/27 | €45,998 | €33,327 | -€12,671 | -27.5% |
| Plant, machinery and equipment | 23 | €28,028 | €24,328 | -€3,700 | -13.2% |
| Furniture and vehicles | 24 | €17,970 | €8,999 | -€8,971 | -49.9% |
| Current assets | 29/58 | €266,483 | €255,135 | -€11,348 | -4.3% |
| Amounts receivable within one year | 40/41 | - | €5,331 | +€5,331 | |
| Other amounts receivable | 41 | - | €5,331 | +€5,331 | |
| Cash at bank and in hand | 54/58 | €191,819 | €187,847 | -€3,972 | -2.1% |
| Deferred charges and accrued income | 490/1 | €74,664 | €61,957 | -€12,707 | -17.0% |
| Total equity and liabilities | 10/49 | €382,541 | €348,522 | -€34,019 | -8.9% |
| Equity | 10/15 | €221,889 | €125,827 | -€96,062 | -43.3% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €125,826 | €125,826 | = | 0.0% |
| Distributable reserves | 133 | €125,826 | €125,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,062 | - | -€96,062 | |
| Amounts payable | 17/49 | €160,652 | €222,695 | +€62,042 | +38.6% |
| Amounts payable after more than one year | 17 | €82,206 | €63,062 | -€19,144 | -23.3% |
| Financial debts | 170/4 | €33,199 | €19,731 | -€13,468 | -40.6% |
| Other amounts payable | 178/9 | €49,007 | €43,331 | -€5,676 | -11.6% |
| Amounts payable within one year | 42/48 | €78,383 | €159,632 | +€81,250 | +103.7% |
| Current portion of amounts payable after more than one year | 42 | €26,029 | €13,468 | -€12,562 | -48.3% |
| Trade debts | 44 | €7,885 | €7,084 | -€800 | -10.2% |
| Suppliers | 440/4 | €7,885 | €7,084 | -€800 | -10.2% |
| Taxes, remuneration and social security | 45 | €19,111 | €25,603 | +€6,492 | +34.0% |
| Taxes | 450/3 | €19,111 | €25,603 | +€6,492 | +34.0% |
| Other amounts payable | 47/48 | €25,358 | €113,477 | +€88,120 | +347.5% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,016 | €22,671 | -€344 | -1.5% |
| Other operating charges | 640/8 | €663 | €678 | +€15 | +2.2% |
| Gross operating margin | 9900 | €150,141 | €151,388 | +€1,247 | +0.8% |
| Operating profit (loss) | 9901 | €126,463 | €128,039 | +€1,576 | +1.2% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €4,037 | €2,234 | -€1,802 | -44.6% |
| Recurring financial charges | 65 | €4,037 | €2,234 | -€1,802 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €122,429 | €125,805 | +€3,375 | +2.8% |
| Income taxes | 67/77 | €26,367 | €27,169 | +€801 | +3.0% |
| Profit (loss) for the period | 9904 | €96,062 | €98,636 | +€2,574 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €96,062 | €98,636 | +€2,574 | +2.7% |
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.