CVDD: 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.
CVDD
Largest movements
- Cash -€30,417
down €30,417 (-45.1%), from €67,433 to €37,017
mainly Contributions, distributions and other (-€580,000) and Tax, wage and social debts (-€40,868)
- Receivables within one year -€24,428
down €24,428 (-41.3%), from €59,167 to €34,739
of which Trade receivables: -€16,824
- Current investments +€8,129
up €8,129 (+2.0%), from €407,655 to €415,784
- Reserves -€402,616
down €402,616 (-81.1%), from €496,536 to €93,921
- Other debts +€399,575
up €399,575 (+46,516%), from €859 to €400,434
- Tax, wage and social debts -€40,868
down €40,868 (-33.8%), from €120,815 to €79,948
- Financial income +€16,568
up €16,568 (+212%), from €7,801 to €24,369
- Gross operating margin -€5,237
down €5,237 (-2.4%), from €221,793 to €216,556
- Taxes +€2,719
up €2,719 (+5.0%), from €54,005 to €56,724
- Financial charges +€2,605
up €2,605 (+383%), from €681 to €3,286
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €625,033 | €579,172 | -€45,861 | -7.3% |
| Fixed assets | 21/28 | €90,743 | €91,589 | +€846 | +0.9% |
| Tangible fixed assets | 22/27 | €15,743 | €16,589 | +€846 | +5.4% |
| Furniture and vehicles | 24 | €9,948 | €11,456 | +€1,507 | +15.2% |
| Other tangible fixed assets | 26 | €5,795 | €5,133 | -€662 | -11.4% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €534,290 | €487,583 | -€46,707 | -8.7% |
| Amounts receivable within one year | 40/41 | €59,167 | €34,739 | -€24,428 | -41.3% |
| Trade receivables | 40 | €51,563 | €34,739 | -€16,824 | -32.6% |
| Other amounts receivable | 41 | €7,604 | - | -€7,604 | |
| Current investments | 50/53 | €407,655 | €415,784 | +€8,129 | +2.0% |
| Cash at bank and in hand | 54/58 | €67,433 | €37,017 | -€30,417 | -45.1% |
| Deferred charges and accrued income | 490/1 | €34 | €43 | +€9 | +25.4% |
| Total equity and liabilities | 10/49 | €625,033 | €579,172 | -€45,861 | -7.3% |
| Equity | 10/15 | €499,036 | €96,421 | -€402,616 | -80.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €496,536 | €93,921 | -€402,616 | -81.1% |
| Distributable reserves | 133 | €496,536 | €93,921 | -€402,616 | -81.1% |
| Amounts payable | 17/49 | €125,996 | €482,751 | +€356,755 | +283% |
| Amounts payable within one year | 42/48 | €125,996 | €482,751 | +€356,755 | +283% |
| Trade debts | 44 | €4,322 | €2,369 | -€1,953 | -45.2% |
| Suppliers | 440/4 | €4,322 | €2,369 | -€1,953 | -45.2% |
| Taxes, remuneration and social security | 45 | €120,815 | €79,948 | -€40,868 | -33.8% |
| Taxes | 450/3 | €120,815 | €79,948 | -€40,868 | -33.8% |
| Other amounts payable | 47/48 | €859 | €400,434 | +€399,575 | +46,516% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,068 | €3,069 | +€1,000 | +48.4% |
| Other operating charges | 640/8 | €62 | €462 | +€400 | +645% |
| Gross operating margin | 9900 | €221,793 | €216,556 | -€5,237 | -2.4% |
| Operating profit (loss) | 9901 | €219,663 | €213,026 | -€6,638 | -3.0% |
| Financial income | 75/76B | €7,801 | €24,369 | +€16,568 | +212% |
| Recurring financial income | 75 | €7,801 | €24,369 | +€16,568 | +212% |
| Financial charges | 65/66B | €681 | €3,286 | +€2,605 | +383% |
| Recurring financial charges | 65 | €681 | €3,286 | +€2,605 | +383% |
| Profit (loss) for the period before taxes | 9903 | €226,783 | €234,109 | +€7,325 | +3.2% |
| Income taxes | 67/77 | €54,005 | €56,724 | +€2,719 | +5.0% |
| Profit (loss) for the period | 9904 | €172,778 | €177,384 | +€4,606 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €172,778 | €177,384 | +€4,606 | +2.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.