CVDW gdw: what changed
Two financial 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.
What changed
CVDW gdw
NACE 69.103, Activities of bailiffs
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€62,597
2024 · €66,199-€3,602
Equity
€232,867
2024 · €170,270+€62,597
Cash
€61,817
2024 · €59,084+€2,733
Balance sheet total
€567,675
2024 · €564,405+€3,270
Largest movements
Assets
- Current investments +€16,238
up €16,238 (+259%), from €6,270 to €22,508
- Receivables within one year -€13,793
down €13,793 (-16.5%), from €83,463 to €69,670
of which Trade receivables: -€13,794
Equity and liabilities
- Reserves +€62,597
up €62,597 (+37.9%), from €165,270 to €227,867
- Debts after one year -€55,539
down €55,539 (-19.7%), from €281,875 to €226,336
Income statement
- Gross operating margin -€8,035
down €8,035 (-6.8%), from €117,822 to €109,787
- Financial charges -€3,191
down €3,191 (-22.3%), from €14,324 to €11,133
- Purchases and services -€1,571
down €1,571 (-1.9%), from €80,742 to €79,171
From the 2024 result to the 2025 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.
Result 2024
€66,199
Gross operating margin
-€8,035
Staff costs
+€384
Depreciation
-€233
Other operating charges
-€146
Financial income
+€467
Financial charges
+€3,191
Taxes
+€771
Result 2025
€62,597
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€72,613
Investment
-€16,238
Financing
-€53,642
Cash 2024
€59,084
From operations (derived)
+€72,613
Net result for the year
+€62,597
Depreciation
+€2,246
Receivables within one year
+€13,793
Deferred charges and accrued income
-€338
Trade debts
-€1,729
Tax, wage and social debts
-€5,652
Other debts
+€1,957
Accrued charges and deferred income
-€261
Investment (derived)
-€16,238
Current investments
-€16,238
Financing
-€53,642
Debts after one year
-€55,539
Current portion of long-term debt
+€1,897
Cash 2025
€61,817
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €564,405 | €567,675 | +€3,270 | +0.6% |
| Fixed assets | 21/28 | €415,251 | €413,005 | -€2,246 | -0.5% |
| Tangible fixed assets | 22/27 | €15,251 | €13,005 | -€2,246 | -14.7% |
| Plant, machinery and equipment | 23 | €15,251 | €13,005 | -€2,246 | -14.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €149,154 | €154,670 | +€5,516 | +3.7% |
| Amounts receivable within one year | 40/41 | €83,463 | €69,670 | -€13,793 | -16.5% |
| Trade receivables | 40 | €83,463 | €69,669 | -€13,794 | -16.5% |
| Other amounts receivable | 41 | €0 | €1 | +€1 | |
| Current investments | 50/53 | €6,270 | €22,508 | +€16,238 | +259% |
| Cash at bank and in hand | 54/58 | €59,084 | €61,817 | +€2,733 | +4.6% |
| Deferred charges and accrued income | 490/1 | €338 | €675 | +€338 | +100% |
| Total equity and liabilities | 10/49 | €564,405 | €567,675 | +€3,270 | +0.6% |
| Equity | 10/15 | €170,270 | €232,867 | +€62,597 | +36.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €165,270 | €227,867 | +€62,597 | +37.9% |
| Distributable reserves | 133 | €165,270 | €227,867 | +€62,597 | +37.9% |
| Amounts payable | 17/49 | €394,135 | €334,808 | -€59,327 | -15.1% |
| Amounts payable after more than one year | 17 | €281,875 | €226,336 | -€55,539 | -19.7% |
| Financial debts | 170/4 | €281,875 | €226,336 | -€55,539 | -19.7% |
| Amounts payable within one year | 42/48 | €106,627 | €103,100 | -€3,527 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €53,642 | €55,539 | +€1,897 | +3.5% |
| Trade debts | 44 | €6,626 | €4,897 | -€1,729 | -26.1% |
| Suppliers | 440/4 | €6,626 | €4,897 | -€1,729 | -26.1% |
| Taxes, remuneration and social security | 45 | €46,223 | €40,571 | -€5,652 | -12.2% |
| Taxes | 450/3 | €46,163 | €40,571 | -€5,592 | -12.1% |
| Remuneration and social security | 454/9 | €60 | €0 | -€60 | -100% |
| Other amounts payable | 47/48 | €136 | €2,093 | +€1,957 | +1,440% |
| Accrued charges and deferred income | 492/3 | €5,634 | €5,372 | -€261 | -4.6% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €80,742 | €79,171 | -€1,571 | -1.9% |
| Remuneration, social security and pensions | 62 | €384 | €0 | -€384 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,013 | €2,246 | +€233 | +11.6% |
| Other operating charges | 640/8 | €470 | €617 | +€146 | +31.1% |
| Gross operating margin | 9900 | €117,822 | €109,787 | -€8,035 | -6.8% |
| Operating profit (loss) | 9901 | €114,954 | €106,924 | -€8,031 | -7.0% |
| Financial income | 75/76B | €253 | €720 | +€467 | +184% |
| Recurring financial income | 75 | €253 | €720 | +€467 | +184% |
| Financial charges | 65/66B | €14,324 | €11,133 | -€3,191 | -22.3% |
| Recurring financial charges | 65 | €14,324 | €11,133 | -€3,191 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €100,883 | €96,511 | -€4,372 | -4.3% |
| Income taxes | 67/77 | €34,685 | €33,914 | -€771 | -2.2% |
| Profit (loss) for the period | 9904 | €66,199 | €62,597 | -€3,602 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,199 | €62,597 | -€3,602 | -5.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.