C.V.H.: 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.H.
Largest movements
- Cash -€24,278
down €24,278 (-76.3%), from €31,831 to €7,553
mainly Tax, wage and social debts (-€22,009) and Receivables within one year (-€2,560)
- Receivables within one year +€2,560
up €2,560 (+2.7%), from €93,516 to €96,076
of which Other amounts receivable: +€3,287
- Tangible fixed assets -€1,720
down €1,720 (-15.2%), from €11,292 to €9,572
- Tax, wage and social debts -€22,009
down €22,009 (-49.8%), from €44,228 to €22,219
of which Taxes: -€20,509
- Profit (loss) carried forward -€1,755
down €1,755 (-2.9%), from €61,184 to €59,430
- Gross operating margin -€42,518
down €42,518 (-100.0%), from €42,531 to €13
- Taxes -€9,420
down €9,420 (-93.2%), from €10,103 to €683
- Depreciation +€2,003
up €2,003 (+207%), from €967 to €2,970
- Financial charges +€1,702
up €1,702 (+39.1%), from €4,347 to €6,049
- Financial income +€689
up €689 (+8.4%), from €8,229 to €8,919
of which Non-recurring financial income: +€925
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 | €137,391 | €113,736 | -€23,655 | -17.2% |
| Fixed assets | 21/28 | €11,292 | €9,572 | -€1,720 | -15.2% |
| Tangible fixed assets | 22/27 | €11,292 | €9,572 | -€1,720 | -15.2% |
| Furniture and vehicles | 24 | €11,292 | €9,572 | -€1,720 | -15.2% |
| Current assets | 29/58 | €126,099 | €104,164 | -€21,936 | -17.4% |
| Amounts receivable within one year | 40/41 | €93,516 | €96,076 | +€2,560 | +2.7% |
| Trade receivables | 40 | €25,375 | €24,648 | -€727 | -2.9% |
| Other amounts receivable | 41 | €68,141 | €71,429 | +€3,287 | +4.8% |
| Cash at bank and in hand | 54/58 | €31,831 | €7,553 | -€24,278 | -76.3% |
| Deferred charges and accrued income | 490/1 | €752 | €535 | -€217 | -28.9% |
| Total equity and liabilities | 10/49 | €137,391 | €113,736 | -€23,655 | -17.2% |
| Equity | 10/15 | €91,266 | €89,512 | -€1,755 | -1.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €82 | €82 | = | 0.0% |
| Non-distributable reserves | 130/1 | €82 | €82 | = | 0.0% |
| Reserves not available under the articles | 1311 | €82 | €82 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,184 | €59,430 | -€1,755 | -2.9% |
| Amounts payable | 17/49 | €46,125 | €24,224 | -€21,901 | -47.5% |
| Amounts payable within one year | 42/48 | €46,125 | €24,224 | -€21,901 | -47.5% |
| Trade debts | 44 | €1,897 | €2,005 | +€108 | +5.7% |
| Suppliers | 440/4 | €1,897 | €2,005 | +€108 | +5.7% |
| Taxes, remuneration and social security | 45 | €44,228 | €22,219 | -€22,009 | -49.8% |
| Taxes | 450/3 | €42,728 | €22,219 | -€20,509 | -48.0% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €967 | €2,970 | +€2,003 | +207% |
| Other operating charges | 640/8 | €1,043 | €985 | -€58 | -5.5% |
| Gross operating margin | 9900 | €42,531 | €13 | -€42,518 | -100.0% |
| Operating profit (loss) | 9901 | €40,522 | -€3,941 | -€44,463 | |
| Financial income | 75/76B | €8,229 | €8,919 | +€689 | +8.4% |
| Recurring financial income | 75 | €254 | €19 | -€236 | -92.6% |
| Non-recurring financial income | 76B | €7,975 | €8,900 | +€925 | +11.6% |
| Financial charges | 65/66B | €4,347 | €6,049 | +€1,702 | +39.1% |
| Recurring financial charges | 65 | €4,347 | €6,049 | +€1,702 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €44,404 | -€1,071 | -€45,476 | |
| Income taxes | 67/77 | €10,103 | €683 | -€9,420 | -93.2% |
| Profit (loss) for the period | 9904 | €34,301 | -€1,755 | -€36,056 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,301 | -€1,755 | -€36,056 |
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 17 October 2026 via checked.be.