C.V.S.E.: 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.S.E.
Largest movements
- Tangible fixed assets -€13,408
down €13,408 (-33.3%), from €40,264 to €26,855
of which Furniture and vehicles: -€8,221
- Cash -€5,301
down €5,301 (-5.8%), from €90,658 to €85,357
mainly Net result for the year (-€19,568) and Receivables within one year (-€1,007)
- Profit (loss) carried forward -€19,568
down €19,568 (-6.2%), from €313,545 to €293,977
- Gross operating margin +€1,578
up €1,578 (+23.0%), from -€6,874 to -€5,296
- Financial income +€421
up €421 (+343.3%), from €123 to €543
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 | €478,824 | €462,148 | -€16,676 | -3.5% |
| Fixed assets | 21/28 | €40,264 | €26,855 | -€13,408 | -33.3% |
| Tangible fixed assets | 22/27 | €40,264 | €26,855 | -€13,408 | -33.3% |
| Plant, machinery and equipment | 23 | €2,900 | €1,209 | -€1,691 | -58.3% |
| Furniture and vehicles | 24 | €33,179 | €24,958 | -€8,221 | -24.8% |
| Other tangible fixed assets | 26 | €4,185 | €688 | -€3,497 | -83.6% |
| Current assets | 29/58 | €438,561 | €435,293 | -€3,268 | -0.7% |
| Amounts receivable after more than one year | 29 | €272,000 | €272,000 | = | 0.0% |
| Other amounts receivable | 291 | €272,000 | €272,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | - | €744 | +€744 | |
| Stocks | 30/36 | - | €744 | +€744 | |
| Amounts receivable within one year | 40/41 | €74,953 | €75,960 | +€1,007 | +1.3% |
| Trade receivables | 40 | €1,924 | €3,146 | +€1,222 | +63.5% |
| Other amounts receivable | 41 | €73,029 | €72,815 | -€215 | -0.3% |
| Cash at bank and in hand | 54/58 | €90,658 | €85,357 | -€5,301 | -5.8% |
| Deferred charges and accrued income | 490/1 | €949 | €1,231 | +€282 | +29.7% |
| Total equity and liabilities | 10/49 | €478,824 | €462,148 | -€16,676 | -3.5% |
| Equity | 10/15 | €463,668 | €444,100 | -€19,568 | -4.2% |
| Contributions | 10/11 | €21,930 | €21,930 | = | 0.0% |
| Reserves | 13 | €128,193 | €128,193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,193 | €2,193 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,193 | €2,193 | = | 0.0% |
| Distributable reserves | 133 | €126,000 | €126,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €313,545 | €293,977 | -€19,568 | -6.2% |
| Amounts payable | 17/49 | €15,157 | €18,048 | +€2,892 | +19.1% |
| Amounts payable within one year | 42/48 | €15,157 | €18,048 | +€2,892 | +19.1% |
| Trade debts | 44 | €1,658 | €2,284 | +€626 | +37.7% |
| Suppliers | 440/4 | €1,658 | €2,284 | +€626 | +37.7% |
| Taxes, remuneration and social security | 45 | €527 | €304 | -€223 | -42.3% |
| Taxes | 450/3 | €527 | €304 | -€223 | -42.3% |
| Other amounts payable | 47/48 | €12,971 | €15,460 | +€2,489 | +19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,819 | €13,821 | +€2 | 0.0% |
| Other operating charges | 640/8 | €639 | €673 | +€34 | +5.3% |
| Gross operating margin | 9900 | -€6,874 | -€5,296 | +€1,578 | +23.0% |
| Operating profit (loss) | 9901 | -€21,332 | -€19,790 | +€1,543 | +7.2% |
| Financial income | 75/76B | €123 | €543 | +€421 | +343.3% |
| Recurring financial income | 75 | €123 | €543 | +€421 | +343.3% |
| Financial charges | 65/66B | €146 | €156 | +€10 | +6.8% |
| Recurring financial charges | 65 | €146 | €156 | +€10 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,356 | -€19,403 | +€1,953 | +9.1% |
| Income taxes | 67/77 | €176 | €165 | -€10 | -5.9% |
| Profit (loss) for the period | 9904 | -€21,532 | -€19,568 | +€1,964 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,532 | -€19,568 | +€1,964 | +9.1% |
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 9 October 2026 via checked.be.