CVN: 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.
CVN
Largest movements
- Cash +€59,231
up €59,231 (+13.7%), from €432,263 to €491,494
mainly Net result for the year (+€51,612) and Tax, wage and social debts (+€44,893)
- Reserves +€51,612
up €51,612 (+141.7%), from €36,428 to €88,040
of which Distributable reserves: +€56,612
- Tax, wage and social debts +€44,893
up €44,893 (+94.5%), from €47,510 to €92,403
of which Remuneration and social security: +€50,434
- Trade debts -€41,066
down €41,066 (-27.5%), from €149,087 to €108,021
- Current portion of long-term debt +€12,379
up €12,379 (+46.9%), from €26,397 to €38,776
- Debts after one year -€6,831
down €6,831 (-10.6%), from €64,449 to €57,618
- Staff costs +€93,862
up €93,862 (+15.3%), from €613,155 to €707,018
- Gross operating margin +€68,113
up €68,113 (+9.0%), from €757,222 to €825,336
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 | €582,603 | €638,744 | +€56,142 | +9.6% |
| Fixed assets | 21/28 | €129,790 | €126,780 | -€3,011 | -2.3% |
| Tangible fixed assets | 22/27 | €128,290 | €125,280 | -€3,011 | -2.3% |
| Plant, machinery and equipment | 23 | €27,525 | €24,186 | -€3,339 | -12.1% |
| Furniture and vehicles | 24 | €3,559 | €2,329 | -€1,230 | -34.6% |
| Other tangible fixed assets | 26 | €97,206 | €98,765 | +€1,558 | +1.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €452,812 | €511,965 | +€59,152 | +13.1% |
| Stocks and contracts in progress | 3 | €19,375 | €19,375 | = | 0.0% |
| Stocks | 30/36 | €19,375 | €19,375 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €525 | €0 | -€525 | -100.0% |
| Other amounts receivable | 41 | €525 | €0 | -€525 | -100.0% |
| Cash at bank and in hand | 54/58 | €432,263 | €491,494 | +€59,231 | +13.7% |
| Deferred charges and accrued income | 490/1 | €649 | €1,095 | +€446 | +68.8% |
| Total equity and liabilities | 10/49 | €582,603 | €638,744 | +€56,142 | +9.6% |
| Equity | 10/15 | €86,428 | €138,040 | +€51,612 | +59.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €36,428 | €88,040 | +€51,612 | +141.7% |
| Non-distributable reserves | 130/1 | €5,000 | €0 | -€5,000 | -100.0% |
| Reserves not available under the articles | 1311 | €5,000 | €0 | -€5,000 | -100.0% |
| Distributable reserves | 133 | €31,428 | €88,040 | +€56,612 | +180.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €496,175 | €500,704 | +€4,529 | +0.9% |
| Amounts payable after more than one year | 17 | €64,449 | €57,618 | -€6,831 | -10.6% |
| Financial debts | 170/4 | €64,449 | €57,618 | -€6,831 | -10.6% |
| Amounts payable within one year | 42/48 | €431,726 | €443,087 | +€11,360 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €26,397 | €38,776 | +€12,379 | +46.9% |
| Financial debts | 43 | €133 | €114 | -€19 | -14.5% |
| Credit institutions | 430/8 | €133 | €114 | -€19 | -14.5% |
| Trade debts | 44 | €149,087 | €108,021 | -€41,066 | -27.5% |
| Suppliers | 440/4 | €149,087 | €108,021 | -€41,066 | -27.5% |
| Advances received on contracts in progress | 46 | €125 | €0 | -€125 | -100.0% |
| Taxes, remuneration and social security | 45 | €47,510 | €92,403 | +€44,893 | +94.5% |
| Taxes | 450/3 | €27,608 | €22,067 | -€5,541 | -20.1% |
| Remuneration and social security | 454/9 | €19,902 | €70,336 | +€50,434 | +253.4% |
| Other amounts payable | 47/48 | €208,474 | €203,773 | -€4,701 | -2.3% |
| Remuneration, social security and pensions | 62 | €613,155 | €707,018 | +€93,862 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,340 | €24,849 | +€6,509 | +35.5% |
| Other operating charges | 640/8 | €5,201 | €5,925 | +€724 | +13.9% |
| Gross operating margin | 9900 | €757,222 | €825,336 | +€68,113 | +9.0% |
| Operating profit (loss) | 9901 | €120,526 | €87,544 | -€32,982 | -27.4% |
| Financial income | 75/76B | €264 | €313 | +€50 | +18.9% |
| Recurring financial income | 75 | €264 | €313 | +€50 | +18.9% |
| Financial charges | 65/66B | €13,750 | €12,320 | -€1,430 | -10.4% |
| Recurring financial charges | 65 | €13,750 | €12,320 | -€1,430 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €107,039 | €75,537 | -€31,502 | -29.4% |
| Income taxes | 67/77 | €28,690 | €23,925 | -€4,764 | -16.6% |
| Profit (loss) for the period | 9904 | €78,349 | €51,612 | -€26,737 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,349 | €51,612 | -€26,737 | -34.1% |
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.