CEDIVET: 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.
CEDIVET
Largest movements
- Current investments +€56,876
up €56,876 (+45.6%), from €124,703 to €181,579
- Receivables within one year +€20,652
up €20,652, from €0 to €20,652
of which Trade receivables: +€20,576
- Receivables after one year -€17,276
down €17,276 (-100%), from €17,276 to €0
- Tangible fixed assets +€11,826
up €11,826 (+37.1%), from €31,852 to €43,677
of which Furniture and vehicles: +€12,238
- Cash +€6,025
up €6,025 (+54.0%), from €11,153 to €17,178
mainly Net result for the year (+€69,340) and Tax, wage and social debts (+€17,296)
- Profit (loss) carried forward +€69,340
up €69,340 (+234%), from €29,601 to €98,941
- Reserves -€23,199
down €23,199 (-19.3%), from €120,441 to €97,242
of which Distributable reserves: -€23,199
- Tax, wage and social debts +€17,296
up €17,296 (+92.5%), from €18,693 to €35,989
- Trade debts +€13,534
up €13,534 (+390%), from €3,470 to €17,004
- Accrued charges and deferred income +€4,000
new in 2025: €4,000
- Gross operating margin +€50,358
up €50,358 (+116%), from €43,274 to €93,632
- Taxes +€10,714
up €10,714 (+81.5%), from €13,139 to €23,854
- Financial income -€8,831
down €8,831 (-71.6%), from €12,331 to €3,500
- Depreciation +€1,374
up €1,374 (+156%), from €879 to €2,253
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 | €187,196 | €265,575 | +€78,379 | +41.9% |
| Fixed assets | 21/28 | €31,852 | €43,677 | +€11,826 | +37.1% |
| Tangible fixed assets | 22/27 | €31,852 | €43,677 | +€11,826 | +37.1% |
| Land and buildings | 22 | €30,000 | €30,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €654 | €241 | -€413 | -63.1% |
| Furniture and vehicles | 24 | €1,198 | €13,436 | +€12,238 | +1,022% |
| Current assets | 29/58 | €155,345 | €221,898 | +€66,553 | +42.8% |
| Amounts receivable after more than one year | 29 | €17,276 | €0 | -€17,276 | -100% |
| Trade receivables | 290 | €17,276 | €0 | -€17,276 | -100% |
| Amounts receivable within one year | 40/41 | €0 | €20,652 | +€20,652 | |
| Trade receivables | 40 | €0 | €20,576 | +€20,576 | |
| Other amounts receivable | 41 | €0 | €76 | +€76 | |
| Current investments | 50/53 | €124,703 | €181,579 | +€56,876 | +45.6% |
| Cash at bank and in hand | 54/58 | €11,153 | €17,178 | +€6,025 | +54.0% |
| Deferred charges and accrued income | 490/1 | €2,213 | €2,489 | +€276 | +12.5% |
| Total equity and liabilities | 10/49 | €187,196 | €265,575 | +€78,379 | +41.9% |
| Equity | 10/15 | €162,442 | €208,583 | +€46,141 | +28.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €120,441 | €97,242 | -€23,199 | -19.3% |
| 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 | €118,581 | €95,382 | -€23,199 | -19.6% |
| Profit (loss) carried forward | 14 | €29,601 | €98,941 | +€69,340 | +234% |
| Amounts payable | 17/49 | €24,754 | €56,993 | +€32,238 | +130% |
| Amounts payable within one year | 42/48 | €24,754 | €52,993 | +€28,238 | +114% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,470 | €17,004 | +€13,534 | +390% |
| Suppliers | 440/4 | €3,470 | €17,004 | +€13,534 | +390% |
| Taxes, remuneration and social security | 45 | €18,693 | €35,989 | +€17,296 | +92.5% |
| Taxes | 450/3 | €18,693 | €35,989 | +€17,296 | +92.5% |
| Other amounts payable | 47/48 | €2,592 | €0 | -€2,592 | -100% |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €2,253 | +€1,374 | +156% |
| Other operating charges | 640/8 | €1,959 | €1,173 | -€786 | -40.1% |
| Gross operating margin | 9900 | €43,274 | €93,632 | +€50,358 | +116% |
| Operating profit (loss) | 9901 | €40,436 | €90,206 | +€49,771 | +123% |
| Financial income | 75/76B | €12,331 | €3,500 | -€8,831 | -71.6% |
| Recurring financial income | 75 | €12,331 | €3,500 | -€8,831 | -71.6% |
| Financial charges | 65/66B | €542 | €513 | -€30 | -5.5% |
| Recurring financial charges | 65 | €542 | €513 | -€30 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €52,224 | €93,194 | +€40,970 | +78.4% |
| Income taxes | 67/77 | €13,139 | €23,854 | +€10,714 | +81.5% |
| Profit (loss) for the period | 9904 | €39,085 | €69,340 | +€30,255 | +77.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,085 | €69,340 | +€30,255 | +77.4% |
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 30 October 2026 via checked.be.