C.V.S. GROUP: 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.S. GROUP
Largest movements
- Tangible fixed assets -€16,695
down €16,695 (-13.0%), from €127,996 to €111,301
- Cash +€16,417
up €16,417 (+62.2%), from €26,384 to €42,801
mainly Net result for the year (+€26,732) and Depreciation (+€16,928)
- Short-term financial debts -€27,982
down €27,982 (-5.6%), from €497,158 to €469,176
- Profit (loss) carried forward +€26,732
up €26,732 (+9.9%), from -€268,762 to -€242,030
- Gross operating margin +€41,474
up €41,474 (+676.5%), from €6,131 to €47,604
- Purchases and services -€15,619
no longer reported in 2025 (was €15,619)
- Turnover -€2,170
no longer reported in 2025 (was €2,170)
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 | €252,949 | €252,222 | -€726 | -0.3% |
| Formation expenses | 20 | €699 | €466 | -€233 | -33.3% |
| Fixed assets | 21/28 | €127,996 | €111,301 | -€16,695 | -13.0% |
| Tangible fixed assets | 22/27 | €127,996 | €111,301 | -€16,695 | -13.0% |
| Land and buildings | 22 | €127,996 | €111,301 | -€16,695 | -13.0% |
| Current assets | 29/58 | €124,254 | €140,455 | +€16,202 | +13.0% |
| Amounts receivable within one year | 40/41 | €97,870 | €97,655 | -€215 | -0.2% |
| Trade receivables | 40 | €215 | - | -€215 | |
| Other amounts receivable | 41 | €97,655 | €97,655 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €26,384 | €42,801 | +€16,417 | +62.2% |
| Total equity and liabilities | 10/49 | €252,949 | €252,222 | -€726 | -0.3% |
| Equity | 10/15 | -€250,162 | -€223,430 | +€26,732 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€268,762 | -€242,030 | +€26,732 | +9.9% |
| Amounts payable | 17/49 | €503,111 | €475,652 | -€27,458 | -5.5% |
| Amounts payable within one year | 42/48 | €503,111 | €475,652 | -€27,458 | -5.5% |
| Financial debts | 43 | €497,158 | €469,176 | -€27,982 | -5.6% |
| Other loans | 439 | €497,158 | €469,176 | -€27,982 | -5.6% |
| Trade debts | 44 | €152 | €1,836 | +€1,684 | +1106.7% |
| Suppliers | 440/4 | €152 | €1,836 | +€1,684 | +1106.7% |
| Taxes, remuneration and social security | 45 | €3,575 | €2,415 | -€1,160 | -32.5% |
| Taxes | 450/3 | €3,575 | €2,415 | -€1,160 | -32.5% |
| Other amounts payable | 47/48 | €2,225 | €2,225 | = | 0.0% |
| Turnover | 70 | €2,170 | - | -€2,170 | |
| Goods, raw materials, services and sundry goods | 60/61 | €15,619 | - | -€15,619 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,928 | €16,928 | = | 0.0% |
| Other operating charges | 640/8 | €3,833 | €3,914 | +€81 | +2.1% |
| Gross operating margin | 9900 | €6,131 | €47,604 | +€41,474 | +676.5% |
| Operating profit (loss) | 9901 | -€14,630 | €26,762 | +€41,392 | |
| Financial charges | 65/66B | €128 | €30 | -€98 | -76.5% |
| Recurring financial charges | 65 | €128 | €30 | -€98 | -76.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,758 | €26,732 | +€41,490 | |
| Profit (loss) for the period | 9904 | -€14,758 | €26,732 | +€41,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,758 | €26,732 | +€41,490 |
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 1 October 2026 via checked.be.