CVV MANAGEMENT: 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.
CVV MANAGEMENT
Largest movements
- Receivables within one year -€82,558
down €82,558 (-43.6%), from €189,403 to €106,846
of which Trade receivables: -€75,168
- Tangible fixed assets -€57,851
down €57,851 (-13.0%), from €443,543 to €385,692
of which Land and buildings: -€53,840
- Profit (loss) carried forward -€215,448
down €215,448 (-134%), from -€160,872 to -€376,320
- Other debts +€179,364
up €179,364 (+47.7%), from €376,186 to €555,550
- Trade debts -€54,082
down €54,082 (-51.3%), from €105,498 to €51,416
- Debts after one year -€41,174
down €41,174 (-15.7%), from €262,730 to €221,557
- Tax, wage and social debts -€14,751
no longer reported in 2024 (was €14,751)
- Purchases and services +€193,639
new in 2024: €193,639
- Gross operating margin -€81,520
down €81,520 (-96.3%), from -€84,630 to -€166,150
- Write-downs -€25,000
down €25,000 (-100%), from €25,000 to €0
- Financial charges +€24,251
up €24,251 (+129%), from €18,744 to €42,995
of which Financial charges: +€29,500
- Turnover +€12,250
new in 2024: €12,250
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.
Derived cash bridge
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 | €639,029 | €497,951 | -€141,078 | -22.1% |
| Formation expenses | 20 | €152 | €0 | -€152 | -100% |
| Fixed assets | 21/28 | €443,543 | €385,692 | -€57,851 | -13.0% |
| Tangible fixed assets | 22/27 | €443,543 | €385,692 | -€57,851 | -13.0% |
| Land and buildings | 22 | €427,987 | €374,147 | -€53,840 | -12.6% |
| Furniture and vehicles | 24 | €14,156 | €10,844 | -€3,311 | -23.4% |
| Other tangible fixed assets | 26 | €1,400 | €700 | -€700 | -50.0% |
| Current assets | 29/58 | €195,334 | €112,259 | -€83,074 | -42.5% |
| Amounts receivable within one year | 40/41 | €189,403 | €106,846 | -€82,558 | -43.6% |
| Trade receivables | 40 | €81,080 | €5,913 | -€75,168 | -92.7% |
| Other amounts receivable | 41 | €108,323 | €100,933 | -€7,390 | -6.8% |
| Current investments | 50/53 | - | €101 | +€101 | |
| Cash at bank and in hand | 54/58 | €5,930 | €12 | -€5,918 | -99.8% |
| Deferred charges and accrued income | 490/1 | - | €5,300 | +€5,300 | |
| Total equity and liabilities | 10/49 | €639,029 | €497,951 | -€141,078 | -22.1% |
| Equity | 10/15 | -€140,412 | -€355,860 | -€215,448 | -153% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€160,872 | -€376,320 | -€215,448 | -134% |
| Amounts payable | 17/49 | €779,441 | €853,811 | +€74,370 | +9.5% |
| Amounts payable after more than one year | 17 | €262,730 | €221,557 | -€41,174 | -15.7% |
| Financial debts | 170/4 | €262,730 | €221,557 | -€41,174 | -15.7% |
| Amounts payable within one year | 42/48 | €516,710 | €632,254 | +€115,544 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €20,274 | €20,274 | = | 0.0% |
| Financial debts | 43 | - | €5,014 | +€5,014 | |
| Credit institutions | 430/8 | - | €5,014 | +€5,014 | |
| Trade debts | 44 | €105,498 | €51,416 | -€54,082 | -51.3% |
| Suppliers | 440/4 | €105,498 | €51,416 | -€54,082 | -51.3% |
| Taxes, remuneration and social security | 45 | €14,751 | - | -€14,751 | |
| Taxes | 450/3 | €14,751 | - | -€14,751 | |
| Other amounts payable | 47/48 | €376,186 | €555,550 | +€179,364 | +47.7% |
| Turnover | 70 | - | €12,250 | +€12,250 | |
| Non-recurring operating income | 76A | €515 | €15,239 | +€14,724 | +2,861% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €193,639 | +€193,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,101 | €4,164 | +€1,063 | +34.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,000 | €0 | -€25,000 | -100% |
| Other operating charges | 640/8 | €3,729 | €1,950 | -€1,778 | -47.7% |
| Non-recurring operating charges | 66A | €35,434 | - | -€35,434 | |
| Gross operating margin | 9900 | -€84,630 | -€166,150 | -€81,520 | -96.3% |
| Operating profit (loss) | 9901 | -€151,893 | -€172,264 | -€20,371 | -13.4% |
| Financial income | 75/76B | €4,608 | €1,129 | -€3,478 | -75.5% |
| Recurring financial income | 75 | €4,608 | €1,129 | -€3,478 | -75.5% |
| Financial charges | 65/66B | €18,744 | €42,995 | +€24,251 | +129% |
| Recurring financial charges | 65 | €13,494 | €42,995 | +€29,500 | +219% |
| Non-recurring financial charges | 66B | €5,250 | - | -€5,250 | |
| Profit (loss) for the period before taxes | 9903 | -€166,029 | -€214,129 | -€48,100 | -29.0% |
| Income taxes | 67/77 | - | €1,470 | +€1,470 | |
| Profit (loss) for the period | 9904 | -€166,029 | -€215,600 | -€49,571 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€166,029 | -€215,600 | -€49,571 | -29.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.