CNUDDE GEERT: 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.
CNUDDE GEERT
Largest movements
- Current investments +€2.7m
new in 2024: €2.7m
- Cash -€2.6m
down €2.6m (-63.8%), from €4.1m to €1.5m
mainly Current investments (-€2.7m) and Provisions (-€252,529)
- Tangible fixed assets -€77,813
down €77,813 (-6.5%), from €1.2m to €1.1m
of which Land and buildings: -€59,013
- Tax, wage and social debts +€286,891
up €286,891 (+414.2%), from €69,261 to €356,152
- Provisions -€252,529
down €252,529 (-80.5%), from €313,639 to €61,110
- Taxes +€291,123
up €291,123 (+416.6%), from €69,882 to €361,005
- Gross operating margin -€37,634
down €37,634 (-20.1%), from €187,666 to €150,031
- Financial income +€32,272
up €32,272, from €0 to €32,272
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 | €6,158,903 | €6,156,941 | -€1,962 | 0.0% |
| Fixed assets | 21/28 | €1,193,875 | €1,116,063 | -€77,813 | -6.5% |
| Tangible fixed assets | 22/27 | €1,193,875 | €1,116,063 | -€77,813 | -6.5% |
| Land and buildings | 22 | €1,163,569 | €1,104,557 | -€59,013 | -5.1% |
| Furniture and vehicles | 24 | €30,306 | €11,506 | -€18,800 | -62.0% |
| Current assets | 29/58 | €4,965,027 | €5,040,878 | +€75,851 | +1.5% |
| Amounts receivable within one year | 40/41 | €839,294 | €853,993 | +€14,699 | +1.8% |
| Trade receivables | 40 | €30,147 | €44,846 | +€14,699 | +48.8% |
| Other amounts receivable | 41 | €809,147 | €809,147 | = | 0.0% |
| Current investments | 50/53 | - | €2,659,678 | +€2.7m | |
| Cash at bank and in hand | 54/58 | €4,075,706 | €1,477,045 | -€2.6m | -63.8% |
| Deferred charges and accrued income | 490/1 | €50,028 | €50,162 | +€134 | +0.3% |
| Total equity and liabilities | 10/49 | €6,158,903 | €6,156,941 | -€1,962 | 0.0% |
| Equity | 10/15 | €5,504,326 | €5,446,671 | -€57,655 | -1.0% |
| Contributions | 10/11 | €571,796 | €571,796 | = | 0.0% |
| Capital | 10 | €565,197 | €565,197 | = | 0.0% |
| Issued capital | 100 | €565,197 | €565,197 | = | 0.0% |
| Outside capital | 11 | €6,599 | €6,599 | = | 0.0% |
| Share premium | 1100/10 | €6,599 | €6,599 | = | 0.0% |
| Reserves | 13 | €4,932,530 | €4,874,875 | -€57,655 | -1.2% |
| Non-distributable reserves | 130/1 | €56,550 | €56,550 | = | 0.0% |
| Legal reserve | 130 | €56,550 | €56,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €883,683 | €126,095 | -€757,588 | -85.7% |
| Distributable reserves | 133 | €3,992,297 | €4,692,230 | +€699,934 | +17.5% |
| Provisions and deferred taxes | 16 | €313,639 | €61,110 | -€252,529 | -80.5% |
| Deferred taxes | 168 | €313,639 | €61,110 | -€252,529 | -80.5% |
| Amounts payable | 17/49 | €340,938 | €649,160 | +€308,222 | +90.4% |
| Amounts payable after more than one year | 17 | €15,859 | €16,009 | +€150 | +0.9% |
| Other amounts payable | 178/9 | €15,859 | €16,009 | +€150 | +0.9% |
| Amounts payable within one year | 42/48 | €325,079 | €628,099 | +€303,020 | +93.2% |
| Trade debts | 44 | €4,614 | €5,743 | +€1,129 | +24.5% |
| Suppliers | 440/4 | €4,614 | €5,743 | +€1,129 | +24.5% |
| Taxes, remuneration and social security | 45 | €69,261 | €356,152 | +€286,891 | +414.2% |
| Taxes | 450/3 | €69,261 | €356,152 | +€286,891 | +414.2% |
| Other amounts payable | 47/48 | €251,205 | €266,205 | +€15,000 | +6.0% |
| Accrued charges and deferred income | 492/3 | €0 | €5,052 | +€5,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,813 | €77,813 | = | 0.0% |
| Other operating charges | 640/8 | €51,520 | €52,860 | +€1,340 | +2.6% |
| Gross operating margin | 9900 | €187,666 | €150,031 | -€37,634 | -20.1% |
| Operating profit (loss) | 9901 | €58,333 | €19,359 | -€38,975 | -66.8% |
| Financial income | 75/76B | €0 | €32,272 | +€32,272 | |
| Recurring financial income | 75 | €0 | €32,272 | +€32,272 | |
| Financial charges | 65/66B | €2,307 | €809 | -€1,497 | -64.9% |
| Recurring financial charges | 65 | €2,307 | €809 | -€1,497 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €56,026 | €50,821 | -€5,206 | -9.3% |
| Transfer from deferred taxes | 780 | €40,498 | €252,529 | +€212,031 | +523.6% |
| Income taxes | 67/77 | €69,882 | €361,005 | +€291,123 | +416.6% |
| Profit (loss) for the period | 9904 | €26,643 | -€57,655 | -€84,297 | |
| Transfer from tax-exempt reserves | 789 | €157,604 | €757,588 | +€599,984 | +380.7% |
| Profit (loss) for the period to be appropriated | 9905 | €184,247 | €699,934 | +€515,687 | +279.9% |
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 8 October 2026 via checked.be.