C.V.K. TRANS: what changed
What changed
C.V.K. TRANS
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
-€30,619
2025 · -€45,056+€14,437
Equity
€263,250
2025 · €293,869-€30,619
Cash
€47,592
2025 · €30,154+€17,438
Balance sheet total
€739,553
2025 · €907,939-€168,385
Largest movements
Assets
- Tangible fixed assets -€110,535
down €110,535 (-22.5%), from €491,812 to €381,277
of which Leasing and similar rights: -€65,625
- Receivables within one year -€89,931
down €89,931 (-26.9%), from €334,842 to €244,911
- Cash +€17,438
up €17,438 (+57.8%), from €30,154 to €47,592
mainly Depreciation (+€188,152) and Receivables within one year (+€89,931)
- Deferred charges and accrued income +€14,542
up €14,542 (+29.9%), from €48,656 to €63,198
Equity and liabilities
- Debts after one year -€77,834
down €77,834 (-36.7%), from €211,835 to €134,001
- Current portion of long-term debt -€33,696
down €33,696 (-20.1%), from €167,442 to €133,746
- Profit (loss) carried forward -€30,619
down €30,619 (-55.0%), from -€55,667 to -€86,286
- Trade debts -€29,744
down €29,744 (-33.0%), from €90,202 to €60,458
- Tax, wage and social debts +€24,482
up €24,482 (+36.7%), from €66,711 to €91,193
of which Remuneration and social security: +€26,160
Income statement
- Depreciation -€52,716
down €52,716 (-21.9%), from €240,868 to €188,152
- Gross operating margin -€46,277
down €46,277 (-5.7%), from €814,184 to €767,907
- Financial charges -€11,627
down €11,627 (-56.6%), from €20,538 to €8,911
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
-€45,056
Gross operating margin
-€46,277
Staff costs
-€7,044
Depreciation
+€52,716
Other operating charges
-€521
Other operating items
+€3,927
Financial income
+€6
Financial charges
+€11,627
Taxes
+€2
Result 2026
-€30,619
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€206,717
Investment
-€77,717
Financing
-€111,562
Cash 2025
€30,154
From operations (derived)
+€206,717
Net result for the year
-€30,619
Depreciation
+€188,152
Receivables within one year
+€89,931
Deferred charges and accrued income
-€14,542
Trade debts
-€29,744
Tax, wage and social debts
+€24,482
Other debts
-€20,943
Investment (derived)
-€77,717
Investment in fixed assets (net)
-€77,717
Financing
-€111,562
Debts after one year
-€77,834
Current portion of long-term debt
-€33,696
Short-term financial debts
-€32
Cash 2026
€47,592
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €907,939 | €739,553 | -€168,385 | -18.5% |
| Fixed assets | 21/28 | €494,287 | €383,852 | -€110,435 | -22.3% |
| Tangible fixed assets | 22/27 | €491,812 | €381,277 | -€110,535 | -22.5% |
| Land and buildings | 22 | €66,677 | €55,207 | -€11,470 | -17.2% |
| Plant, machinery and equipment | 23 | €10,560 | €11,342 | +€783 | +7.4% |
| Furniture and vehicles | 24 | €138,268 | €104,472 | -€33,795 | -24.4% |
| Leasing and similar rights | 25 | €275,026 | €209,401 | -€65,625 | -23.9% |
| Other tangible fixed assets | 26 | €1,281 | €854 | -€427 | -33.3% |
| Financial fixed assets | 28 | €2,475 | €2,575 | +€100 | +4.0% |
| Current assets | 29/58 | €413,652 | €355,701 | -€57,951 | -14.0% |
| Amounts receivable within one year | 40/41 | €334,842 | €244,911 | -€89,931 | -26.9% |
| Trade receivables | 40 | €334,842 | €244,911 | -€89,931 | -26.9% |
| Cash at bank and in hand | 54/58 | €30,154 | €47,592 | +€17,438 | +57.8% |
| Deferred charges and accrued income | 490/1 | €48,656 | €63,198 | +€14,542 | +29.9% |
| Total equity and liabilities | 10/49 | €907,939 | €739,553 | -€168,385 | -18.5% |
| Equity | 10/15 | €293,869 | €263,250 | -€30,619 | -10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €330,936 | €330,936 | = | 0.0% |
| Tax-exempt reserves | 132 | €119,312 | €119,312 | = | 0.0% |
| Distributable reserves | 133 | €211,624 | €211,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,667 | -€86,286 | -€30,619 | -55.0% |
| Amounts payable | 17/49 | €614,069 | €476,303 | -€137,766 | -22.4% |
| Amounts payable after more than one year | 17 | €211,835 | €134,001 | -€77,834 | -36.7% |
| Financial debts | 170/4 | €211,835 | €134,001 | -€77,834 | -36.7% |
| Amounts payable within one year | 42/48 | €402,234 | €342,302 | -€59,933 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €167,442 | €133,746 | -€33,696 | -20.1% |
| Financial debts | 43 | €2,678 | €2,646 | -€32 | -1.2% |
| Credit institutions | 430/8 | €2,678 | €2,646 | -€32 | -1.2% |
| Trade debts | 44 | €90,202 | €60,458 | -€29,744 | -33.0% |
| Suppliers | 440/4 | €90,202 | €60,458 | -€29,744 | -33.0% |
| Taxes, remuneration and social security | 45 | €66,711 | €91,193 | +€24,482 | +36.7% |
| Taxes | 450/3 | €22,284 | €20,606 | -€1,678 | -7.5% |
| Remuneration and social security | 454/9 | €44,427 | €70,587 | +€26,160 | +58.9% |
| Other amounts payable | 47/48 | €75,201 | €54,259 | -€20,943 | -27.8% |
| Non-recurring operating income | 76A | €40,314 | €39,000 | -€1,314 | -3.3% |
| Remuneration, social security and pensions | 62 | €578,154 | €585,198 | +€7,044 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,868 | €188,152 | -€52,716 | -21.9% |
| Other operating charges | 640/8 | €15,637 | €16,158 | +€521 | +3.3% |
| Non-recurring operating charges | 66A | €3,927 | - | -€3,927 | |
| Gross operating margin | 9900 | €814,184 | €767,907 | -€46,277 | -5.7% |
| Operating profit (loss) | 9901 | -€24,401 | -€21,600 | +€2,801 | +11.5% |
| Financial income | 75/76B | €0 | €7 | +€6 | +5,836% |
| Recurring financial income | 75 | €0 | €7 | +€6 | +5,836% |
| Financial charges | 65/66B | €20,538 | €8,911 | -€11,627 | -56.6% |
| Recurring financial charges | 65 | €20,538 | €8,911 | -€11,627 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | -€44,939 | -€30,504 | +€14,434 | +32.1% |
| Income taxes | 67/77 | €117 | €114 | -€2 | -2.1% |
| Profit (loss) for the period | 9904 | -€45,056 | -€30,619 | +€14,437 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,056 | -€30,619 | +€14,437 | +32.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.