C.V.H.: 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.
C.V.H.
Largest movements
- Cash -€157,328
down €157,328 (-97.7%), from €161,044 to €3,716
mainly Contributions, distributions and other (-€622,500) and Receivables within one year (-€50,229)
- Receivables within one year +€50,229
up €50,229 (+23.7%), from €212,358 to €262,587
- Profit (loss) carried forward -€109,523
down €109,523 (-6.6%), from €1.7m to €1.5m
- Short-term financial debts -€45,084
no longer reported in 2025 (was €45,084)
- Other debts +€43,500
up €43,500 (+14.3%), from €305,000 to €348,500
- Taxes +€24,058
up €24,058 (+20.9%), from €115,164 to €139,221
- Financial income -€17,454
down €17,454 (-16.2%), from €107,454 to €90,000
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,136,590 | €2,029,491 | -€107,099 | -5.0% |
| Fixed assets | 21/28 | €613,187 | €613,187 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €613,187 | €613,187 | = | 0.0% |
| Current assets | 29/58 | €1,523,403 | €1,416,303 | -€107,099 | -7.0% |
| Amounts receivable after more than one year | 29 | €1,150,000 | €1,150,000 | = | 0.0% |
| Trade receivables | 290 | €1,150,000 | €1,150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €212,358 | €262,587 | +€50,229 | +23.7% |
| Other amounts receivable | 41 | €212,358 | €262,587 | +€50,229 | +23.7% |
| Cash at bank and in hand | 54/58 | €161,044 | €3,716 | -€157,328 | -97.7% |
| Total equity and liabilities | 10/49 | €2,136,590 | €2,029,491 | -€107,099 | -5.0% |
| Equity | 10/15 | €1,750,292 | €1,640,769 | -€109,523 | -6.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €36,506 | €36,506 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,506 | €36,506 | = | 0.0% |
| Reserves not available under the articles | 1311 | €36,506 | €36,506 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,651,787 | €1,542,264 | -€109,523 | -6.6% |
| Amounts payable | 17/49 | €386,298 | €388,721 | +€2,424 | +0.6% |
| Amounts payable within one year | 42/48 | €386,298 | €388,721 | +€2,424 | +0.6% |
| Financial debts | 43 | €45,084 | - | -€45,084 | |
| Credit institutions | 430/8 | €45,084 | - | -€45,084 | |
| Trade debts | 44 | €36,213 | €36,000 | -€213 | -0.6% |
| Suppliers | 440/4 | €36,213 | €36,000 | -€213 | -0.6% |
| Taxes, remuneration and social security | 45 | - | €4,221 | +€4,221 | |
| Taxes | 450/3 | - | €4,221 | +€4,221 | |
| Other amounts payable | 47/48 | €305,000 | €348,500 | +€43,500 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,146 | €0 | -€1,146 | -100.0% |
| Other operating charges | 640/8 | €998 | €151 | -€847 | -84.9% |
| Gross operating margin | 9900 | €561,157 | €562,845 | +€1,688 | +0.3% |
| Operating profit (loss) | 9901 | €559,013 | €562,694 | +€3,681 | +0.7% |
| Financial income | 75/76B | €107,454 | €90,000 | -€17,454 | -16.2% |
| Recurring financial income | 75 | €107,454 | €90,000 | -€17,454 | -16.2% |
| Financial charges | 65/66B | €1,223 | €496 | -€727 | -59.5% |
| Recurring financial charges | 65 | €1,223 | €496 | -€727 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €665,244 | €652,198 | -€13,046 | -2.0% |
| Income taxes | 67/77 | €115,164 | €139,221 | +€24,058 | +20.9% |
| Profit (loss) for the period | 9904 | €550,081 | €512,977 | -€37,104 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €550,081 | €512,977 | -€37,104 | -6.7% |
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 4 October 2026 via checked.be.