CVH PROJECT: 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.
CVH PROJECT
Largest movements
- Cash +€142,973
up €142,973 (+54.8%), from €261,114 to €404,087
mainly Net result for the year (+€149,922) and Depreciation (+€10,078)
- Tangible fixed assets -€4,997
down €4,997 (-13.1%), from €38,150 to €33,153
of which Furniture and vehicles: -€4,212
- Reserves +€149,922
up €149,922 (+61.3%), from €244,641 to €394,563
of which Distributable reserves: +€149,922
- Tax, wage and social debts -€8,332
down €8,332 (-32.5%), from €25,612 to €17,280
- Gross operating margin +€124,263
up €124,263 (+119.9%), from €103,666 to €227,930
- Taxes +€39,453
up €39,453 (+121.2%), from €32,560 to €72,013
- Depreciation +€3,716
up €3,716 (+58.4%), from €6,363 to €10,078
- Financial income +€2,999
up €2,999 (+96.1%), from €3,120 to €6,119
of which Financial income: +€5,999
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 | €325,565 | €468,416 | +€142,851 | +43.9% |
| Fixed assets | 21/28 | €38,150 | €33,153 | -€4,997 | -13.1% |
| Tangible fixed assets | 22/27 | €38,150 | €33,153 | -€4,997 | -13.1% |
| Plant, machinery and equipment | 23 | €3,245 | €2,460 | -€785 | -24.2% |
| Furniture and vehicles | 24 | €34,905 | €30,692 | -€4,212 | -12.1% |
| Current assets | 29/58 | €287,415 | €435,263 | +€147,849 | +51.4% |
| Amounts receivable within one year | 40/41 | €24,820 | €29,335 | +€4,514 | +18.2% |
| Trade receivables | 40 | €24,321 | €28,835 | +€4,514 | +18.6% |
| Other amounts receivable | 41 | €499 | €499 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €261,114 | €404,087 | +€142,973 | +54.8% |
| Deferred charges and accrued income | 490/1 | €1,481 | €1,842 | +€361 | +24.4% |
| Total equity and liabilities | 10/49 | €325,565 | €468,416 | +€142,851 | +43.9% |
| Equity | 10/15 | €250,841 | €400,763 | +€149,922 | +59.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €244,641 | €394,563 | +€149,922 | +61.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €242,781 | €392,703 | +€149,922 | +61.8% |
| Amounts payable | 17/49 | €74,724 | €67,653 | -€7,071 | -9.5% |
| Amounts payable within one year | 42/48 | €74,724 | €67,653 | -€7,071 | -9.5% |
| Trade debts | 44 | €1,764 | €4,336 | +€2,572 | +145.8% |
| Suppliers | 440/4 | €1,764 | €4,336 | +€2,572 | +145.8% |
| Taxes, remuneration and social security | 45 | €25,612 | €17,280 | -€8,332 | -32.5% |
| Taxes | 450/3 | €25,612 | €17,280 | -€8,332 | -32.5% |
| Other amounts payable | 47/48 | €47,348 | €46,036 | -€1,311 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,363 | €10,078 | +€3,716 | +58.4% |
| Other operating charges | 640/8 | €2,536 | €1,329 | -€1,207 | -47.6% |
| Gross operating margin | 9900 | €103,666 | €227,930 | +€124,263 | +119.9% |
| Operating profit (loss) | 9901 | €94,768 | €216,522 | +€121,754 | +128.5% |
| Financial income | 75/76B | €3,120 | €6,119 | +€2,999 | +96.1% |
| Recurring financial income | 75 | €120 | €6,119 | +€5,999 | +5008.0% |
| Non-recurring financial income | 76B | €3,000 | - | -€3,000 | |
| Financial charges | 65/66B | €66 | €706 | +€641 | +978.0% |
| Recurring financial charges | 65 | €65 | €141 | +€75 | +115.8% |
| Non-recurring financial charges | 66B | €0 | €566 | +€565 | +188400.0% |
| Profit (loss) for the period before taxes | 9903 | €97,823 | €221,935 | +€124,113 | +126.9% |
| Income taxes | 67/77 | €32,560 | €72,013 | +€39,453 | +121.2% |
| Profit (loss) for the period | 9904 | €65,262 | €149,922 | +€84,660 | +129.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,262 | €149,922 | +€84,660 | +129.7% |
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 2 October 2026 via checked.be.