C & V CONSTRUCT: 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.
What changed
C & V CONSTRUCT
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€80,217
2024 · €53,295+€26,922
Equity
€371,112
2024 · €290,895+€80,217
Cash
€9,940
2024 · €49,854-€39,914
Balance sheet total
€6.4m
2024 · €1.5m+€4.8m
Largest movements
Assets
- Tangible fixed assets +€4.4m
up €4.4m (+1353.9%), from €324,151 to €4.7m
of which Land and buildings: +€4.3m
- Receivables within one year +€447,803
up €447,803 (+79.5%), from €563,499 to €1.0m
of which Trade receivables: +€434,375
Equity and liabilities
- Debts after one year +€2.7m
up €2.7m (+1151.6%), from €234,467 to €2.9m
- Trade debts +€1.9m
up €1.9m (+525.0%), from €368,231 to €2.3m
- Current portion of long-term debt +€133,591
up €133,591 (+188.0%), from €71,059 to €204,650
- Reserves +€80,217
up €80,217 (+29.6%), from €270,895 to €351,112
Income statement
- Gross operating margin +€377,073
up €377,073 (+35.5%), from €1.1m to €1.4m
- Staff costs +€274,158
up €274,158 (+31.8%), from €863,316 to €1.1m
- Financial charges +€30,439
up €30,439 (+85.5%), from €35,604 to €66,043
- Depreciation +€30,120
up €30,120 (+42.6%), from €70,635 to €100,755
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.
Result 2024
€53,295
Gross operating margin
+€377,073
Staff costs
-€274,158
Depreciation
-€30,120
Other operating charges
-€5,154
Other operating items
-€6,200
Financial income
+€5
Financial charges
-€30,439
Taxes
-€4,085
Result 2025
€80,217
Cash bridge derived
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.
From operations
+€1.7m
Investment
-€4.5m
Financing
+€2.8m
Cash 2024
€49,854
From operations (derived)
+€1.7m
Net result for the year
+€80,217
Depreciation
+€100,755
Stocks and contracts
+€47,729
Receivables within one year
-€447,803
Smaller working-capital items
-€4,880
Trade debts
+€1.9m
Other debts
-€38,537
Investment (derived)
-€4.5m
Investment in fixed assets (net)
-€4.5m
Financing
+€2.8m
Debts after one year
+€2.7m
Current portion of long-term debt
+€133,591
Short-term financial debts
-€3,377
Cash 2025
€9,940
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,543,858 | €6,351,202 | +€4.8m | +311.4% |
| Fixed assets | 21/28 | €324,286 | €4,764,447 | +€4.4m | +1369.2% |
| Intangible fixed assets | 21 | - | €41,103 | +€41,103 | |
| Tangible fixed assets | 22/27 | €324,151 | €4,712,859 | +€4.4m | +1353.9% |
| Land and buildings | 22 | €211,425 | €4,464,679 | +€4.3m | +2011.7% |
| Plant, machinery and equipment | 23 | €5,959 | €104,164 | +€98,205 | +1647.9% |
| Furniture and vehicles | 24 | €55,240 | €58,307 | +€3,067 | +5.6% |
| Leasing and similar rights | 25 | €51,526 | €85,709 | +€34,183 | +66.3% |
| Financial fixed assets | 28 | €135 | €10,485 | +€10,350 | +7666.7% |
| Current assets | 29/58 | €1,219,572 | €1,586,755 | +€367,183 | +30.1% |
| Stocks and contracts in progress | 3 | €598,212 | €550,483 | -€47,729 | -8.0% |
| Stocks | 30/36 | €342,284 | €495,483 | +€153,199 | +44.8% |
| Contracts in progress | 37 | €255,928 | €55,000 | -€200,928 | -78.5% |
| Amounts receivable within one year | 40/41 | €563,499 | €1,011,302 | +€447,803 | +79.5% |
| Trade receivables | 40 | €491,203 | €925,578 | +€434,375 | +88.4% |
| Other amounts receivable | 41 | €72,295 | €85,724 | +€13,428 | +18.6% |
| Cash at bank and in hand | 54/58 | €49,854 | €9,940 | -€39,914 | -80.1% |
| Deferred charges and accrued income | 490/1 | €8,007 | €15,030 | +€7,023 | +87.7% |
| Total equity and liabilities | 10/49 | €1,543,858 | €6,351,202 | +€4.8m | +311.4% |
| Equity | 10/15 | €290,895 | €371,112 | +€80,217 | +27.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €270,895 | €351,112 | +€80,217 | +29.6% |
| Distributable reserves | 133 | €270,895 | €351,112 | +€80,217 | +29.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,252,963 | €5,980,091 | +€4.7m | +377.3% |
| Amounts payable after more than one year | 17 | €234,467 | €2,934,630 | +€2.7m | +1151.6% |
| Financial debts | 170/4 | €234,467 | €2,934,630 | +€2.7m | +1151.6% |
| Amounts payable within one year | 42/48 | €1,018,496 | €3,041,518 | +€2.0m | +198.6% |
| Current portion of amounts payable after more than one year | 42 | €71,059 | €204,650 | +€133,591 | +188.0% |
| Financial debts | 43 | €407,604 | €404,227 | -€3,377 | -0.8% |
| Credit institutions | 430/8 | €407,604 | €404,227 | -€3,377 | -0.8% |
| Trade debts | 44 | €368,231 | €2,301,375 | +€1.9m | +525.0% |
| Suppliers | 440/4 | €368,231 | €2,301,375 | +€1.9m | +525.0% |
| Taxes, remuneration and social security | 45 | €67,751 | €65,951 | -€1,799 | -2.7% |
| Taxes | 450/3 | €5,874 | €34,331 | +€28,457 | +484.5% |
| Remuneration and social security | 454/9 | €61,877 | €31,621 | -€30,256 | -48.9% |
| Other amounts payable | 47/48 | €103,852 | €65,315 | -€38,537 | -37.1% |
| Accrued charges and deferred income | 492/3 | - | €3,943 | +€3,943 | |
| Non-recurring operating income | 76A | €222 | €700 | +€478 | +214.6% |
| Remuneration, social security and pensions | 62 | €863,316 | €1,137,474 | +€274,158 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,635 | €100,755 | +€30,120 | +42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €9,525 | €14,678 | +€5,154 | +54.1% |
| Non-recurring operating charges | 66A | - | €6,200 | +€6,200 | |
| Gross operating margin | 9900 | €1,060,706 | €1,437,779 | +€377,073 | +35.5% |
| Operating profit (loss) | 9901 | €117,231 | €178,671 | +€61,441 | +52.4% |
| Financial income | 75/76B | €862 | €867 | +€5 | +0.6% |
| Recurring financial income | 75 | €862 | €867 | +€5 | +0.6% |
| Financial charges | 65/66B | €35,604 | €66,043 | +€30,439 | +85.5% |
| Recurring financial charges | 65 | €35,604 | €66,043 | +€30,439 | +85.5% |
| Profit (loss) for the period before taxes | 9903 | €82,489 | €113,496 | +€31,007 | +37.6% |
| Income taxes | 67/77 | €29,194 | €33,279 | +€4,085 | +14.0% |
| Profit (loss) for the period | 9904 | €53,295 | €80,217 | +€26,922 | +50.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,295 | €80,217 | +€26,922 | +50.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.