diff --git a/packages/svelte/src/internal/client/reactivity/deriveds.js b/packages/svelte/src/internal/client/reactivity/deriveds.js
index d1a5e2fbfa..82cb215e75 100644
--- a/packages/svelte/src/internal/client/reactivity/deriveds.js
+++ b/packages/svelte/src/internal/client/reactivity/deriveds.js
@@ -386,11 +386,11 @@ export function execute_derived(derived) {
  * @returns {void}
  */
 export function update_derived(derived) {
-	derived.cv = write_version;
-
 	var old_value = derived.v;
 	var value = execute_derived(derived);
 
+	derived.cv = write_version;
+
 	if (!derived.equals(value)) {
 		derived.wv = write_version;