C&V DEFENCE: 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.
C&V DEFENCE
Largest movements
- Cash +€510,705
up €510,705 (+899%), from €56,816 to €567,521
mainly Accrued charges and deferred income (+€712,538) and Contributions, distributions and other (+€50,000)
- Receivables within one year +€305,391
up €305,391 (+525%), from €58,153 to €363,544
of which Trade receivables: +€320,283
- Accrued charges and deferred income +€712,538
new in 2025: €712,538
- Contributions +€50,000
up €50,000 (+1,000%), from €5,000 to €55,000
- Trade debts +€28,114
up €28,114 (+550%), from €5,111 to €33,225
- Profit (loss) carried forward +€17,754
up €17,754 (+22.6%), from €78,633 to €96,387
- Tax, wage and social debts +€9,473
up €9,473 (+32.7%), from €28,932 to €38,405
- Staff costs +€107,594
up €107,594 (+49.0%), from €219,375 to €326,968
- Gross operating margin +€31,969
up €31,969 (+9.6%), from €332,728 to €364,698
- Taxes -€16,056
down €16,056 (-58.6%), from €27,419 to €11,363
- Other operating charges -€11,449
down €11,449 (-67.0%), from €17,086 to €5,637
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 | €118,976 | €936,854 | +€817,878 | +687% |
| Fixed assets | 21/28 | €4,007 | €5,789 | +€1,783 | +44.5% |
| Tangible fixed assets | 22/27 | €4,007 | €3,889 | -€117 | -2.9% |
| Furniture and vehicles | 24 | €4,007 | €3,889 | -€117 | -2.9% |
| Financial fixed assets | 28 | - | €1,900 | +€1,900 | |
| Current assets | 29/58 | €114,969 | €931,065 | +€816,096 | +710% |
| Amounts receivable within one year | 40/41 | €58,153 | €363,544 | +€305,391 | +525% |
| Trade receivables | 40 | €26,632 | €346,915 | +€320,283 | +1,203% |
| Other amounts receivable | 41 | €31,521 | €16,629 | -€14,892 | -47.2% |
| Cash at bank and in hand | 54/58 | €56,816 | €567,521 | +€510,705 | +899% |
| Total equity and liabilities | 10/49 | €118,976 | €936,854 | +€817,878 | +687% |
| Equity | 10/15 | €83,633 | €151,387 | +€67,754 | +81.0% |
| Contributions | 10/11 | €5,000 | €55,000 | +€50,000 | +1,000% |
| Capital | 10 | €5,000 | €55,000 | +€50,000 | +1,000% |
| Issued capital | 100 | €5,000 | €55,000 | +€50,000 | +1,000% |
| Profit (loss) carried forward | 14 | €78,633 | €96,387 | +€17,754 | +22.6% |
| Amounts payable | 17/49 | €35,343 | €785,467 | +€750,124 | +2,122% |
| Amounts payable within one year | 42/48 | €35,343 | €72,929 | +€37,586 | +106% |
| Trade debts | 44 | €5,111 | €33,225 | +€28,114 | +550% |
| Suppliers | 440/4 | €5,111 | €33,225 | +€28,114 | +550% |
| Taxes, remuneration and social security | 45 | €28,932 | €38,405 | +€9,473 | +32.7% |
| Taxes | 450/3 | €28,932 | €38,405 | +€9,473 | +32.7% |
| Other amounts payable | 47/48 | €1,300 | €1,300 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €712,538 | +€712,538 | |
| Remuneration, social security and pensions | 62 | €219,375 | €326,968 | +€107,594 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,716 | €2,515 | +€799 | +46.6% |
| Other operating charges | 640/8 | €17,086 | €5,637 | -€11,449 | -67.0% |
| Gross operating margin | 9900 | €332,728 | €364,698 | +€31,969 | +9.6% |
| Operating profit (loss) | 9901 | €94,552 | €29,577 | -€64,975 | -68.7% |
| Financial charges | 65/66B | €494 | €460 | -€34 | -7.0% |
| Recurring financial charges | 65 | €494 | €460 | -€34 | -7.0% |
| Non-recurring financial charges | 66B | €494 | €460 | -€34 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €94,057 | €29,117 | -€64,941 | -69.0% |
| Income taxes | 67/77 | €27,419 | €11,363 | -€16,056 | -58.6% |
| Profit (loss) for the period | 9904 | €66,638 | €17,754 | -€48,884 | -73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,638 | €17,754 | -€48,884 | -73.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.