C.V.L.: 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.L.
Largest movements
- Tangible fixed assets -€38,750
down €38,750 (-5.0%), from €775,000 to €736,250
- Cash +€26,794
up €26,794 (+30.2%), from €88,734 to €115,528
mainly Depreciation (+€38,750)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation +€38,750
new in 2025: €38,750
- Turnover -€3,745
down €3,745 (-5.1%), from €73,441 to €69,696
- Gross operating margin -€3,626
down €3,626 (-7.5%), from €48,074 to €44,448
- Other operating charges +€2,706
up €2,706 (+43.3%), from €6,249 to €8,955
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 | €869,303 | €857,787 | -€11,516 | -1.3% |
| Fixed assets | 21/28 | €780,569 | €742,259 | -€38,310 | -4.9% |
| Tangible fixed assets | 22/27 | €775,000 | €736,250 | -€38,750 | -5.0% |
| Land and buildings | 22 | €775,000 | €736,250 | -€38,750 | -5.0% |
| Financial fixed assets | 28 | €5,569 | €6,009 | +€440 | +7.9% |
| Current assets | 29/58 | €88,734 | €115,528 | +€26,794 | +30.2% |
| Cash at bank and in hand | 54/58 | €88,734 | €115,528 | +€26,794 | +30.2% |
| Total equity and liabilities | 10/49 | €869,303 | €857,787 | -€11,516 | -1.3% |
| Equity | 10/15 | €847,327 | €843,007 | -€4,320 | -0.5% |
| Contributions | 10/11 | €836,973 | €836,973 | = | 0.0% |
| Capital | 10 | €836,973 | €836,973 | = | 0.0% |
| Issued capital | 100 | €836,973 | €836,973 | = | 0.0% |
| Reserves | 13 | €8,264 | €8,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,264 | €8,264 | = | 0.0% |
| Legal reserve | 130 | €8,264 | €8,264 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,090 | -€2,230 | -€4,320 | |
| Amounts payable | 17/49 | €21,976 | €14,780 | -€7,196 | -32.7% |
| Amounts payable after more than one year | 17 | €13,800 | €13,800 | = | 0.0% |
| Other amounts payable | 178/9 | €13,800 | €13,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,176 | €980 | -€7,196 | -88.0% |
| Trade debts | 44 | €6,239 | - | -€6,239 | |
| Suppliers | 440/4 | €6,239 | - | -€6,239 | |
| Other amounts payable | 47/48 | €1,937 | €980 | -€957 | -49.4% |
| Turnover | 70 | €73,441 | €69,696 | -€3,745 | -5.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €25,367 | €25,248 | -€119 | -0.5% |
| Remuneration, social security and pensions | 62 | €419 | €986 | +€567 | +135% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €38,750 | +€38,750 | |
| Other operating charges | 640/8 | €6,249 | €8,955 | +€2,706 | +43.3% |
| Gross operating margin | 9900 | €48,074 | €44,448 | -€3,626 | -7.5% |
| Operating profit (loss) | 9901 | €41,406 | -€4,243 | -€45,649 | |
| Financial charges | 65/66B | €69 | €77 | +€8 | +11.6% |
| Recurring financial charges | 65 | €69 | €77 | +€8 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €41,337 | -€4,320 | -€45,657 | |
| Profit (loss) for the period | 9904 | €41,337 | -€4,320 | -€45,657 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,337 | -€4,320 | -€45,657 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.