CVMDD: 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.
CVMDD
Largest movements
- Intangible fixed assets -€20,674
down €20,674 (-14.8%), from €139,550 to €118,876
- Cash +€16,016
up €16,016 (+24.4%), from €65,605 to €81,622
mainly Net result for the year (+€70,458) and Depreciation (+€21,436)
- Deferred charges and accrued income +€8,588
up €8,588 (+358.1%), from €2,398 to €10,986
- Other debts -€19,088
down €19,088 (-93.4%), from €20,442 to €1,354
- Tax, wage and social debts +€10,484
new in 2024: €10,484
- Reserves +€10,000
up €10,000 (+5.6%), from €178,000 to €188,000
- Trade debts +€2,746
up €2,746 (+90.2%), from €3,044 to €5,790
- Gross operating margin +€47,474
up €47,474 (+63.5%), from €74,782 to €122,256
- Taxes +€11,848
up €11,848 (+75.8%), from €15,636 to €27,484
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 | €212,833 | €217,432 | +€4,600 | +2.2% |
| Fixed assets | 21/28 | €142,699 | €121,263 | -€21,436 | -15.0% |
| Intangible fixed assets | 21 | €139,550 | €118,876 | -€20,674 | -14.8% |
| Tangible fixed assets | 22/27 | €3,149 | €2,387 | -€762 | -24.2% |
| Furniture and vehicles | 24 | €3,149 | €2,387 | -€762 | -24.2% |
| Current assets | 29/58 | €70,133 | €96,169 | +€26,036 | +37.1% |
| Amounts receivable within one year | 40/41 | €2,130 | €3,562 | +€1,432 | +67.2% |
| Trade receivables | 40 | €1,766 | €3,562 | +€1,796 | +101.7% |
| Other amounts receivable | 41 | €364 | €0 | -€364 | -100.0% |
| Cash at bank and in hand | 54/58 | €65,605 | €81,622 | +€16,016 | +24.4% |
| Deferred charges and accrued income | 490/1 | €2,398 | €10,986 | +€8,588 | +358.1% |
| Total equity and liabilities | 10/49 | €212,833 | €217,432 | +€4,600 | +2.2% |
| Equity | 10/15 | €189,347 | €199,805 | +€10,458 | +5.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €178,000 | €188,000 | +€10,000 | +5.6% |
| Distributable reserves | 133 | €178,000 | €188,000 | +€10,000 | +5.6% |
| Profit (loss) carried forward | 14 | €1,347 | €1,805 | +€458 | +34.0% |
| Amounts payable | 17/49 | €23,486 | €17,628 | -€5,858 | -24.9% |
| Amounts payable within one year | 42/48 | €23,486 | €17,628 | -€5,858 | -24.9% |
| Trade debts | 44 | €3,044 | €5,790 | +€2,746 | +90.2% |
| Suppliers | 440/4 | €3,044 | €5,790 | +€2,746 | +90.2% |
| Taxes, remuneration and social security | 45 | - | €10,484 | +€10,484 | |
| Taxes | 450/3 | - | €10,484 | +€10,484 | |
| Other amounts payable | 47/48 | €20,442 | €1,354 | -€19,088 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,336 | €21,436 | +€100 | +0.5% |
| Other operating charges | 640/8 | €1,289 | €1,265 | -€24 | -1.9% |
| Gross operating margin | 9900 | €74,782 | €122,256 | +€47,474 | +63.5% |
| Operating profit (loss) | 9901 | €52,157 | €99,556 | +€47,398 | +90.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €986 | €1,614 | +€628 | +63.6% |
| Recurring financial charges | 65 | €986 | €1,614 | +€628 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €51,171 | €97,942 | +€46,771 | +91.4% |
| Income taxes | 67/77 | €15,636 | €27,484 | +€11,848 | +75.8% |
| Profit (loss) for the period | 9904 | €35,535 | €70,458 | +€34,923 | +98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €35,535 | €70,458 | +€34,923 | +98.3% |
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 28 September 2026 via checked.be.