C.VZK: 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.VZK
Largest movements
- Deferred charges and accrued income -€1,778
down €1,778 (-18.8%), from €9,470 to €7,692
- Cash +€168
new in 2025: €168
mainly Other debts (+€9,400) and Deferred charges and accrued income (+€1,778)
- Other debts +€9,400
up €9,400 (+83.2%), from €11,298 to €20,698
- Short-term financial debts -€4,882
no longer reported in 2025 (was €4,882)
- Trade debts -€3,260
down €3,260 (-21.4%), from €15,211 to €11,951
- Accrued charges and deferred income -€3,020
no longer reported in 2025 (was €3,020)
- Profit (loss) carried forward +€144
up €144 (+0.2%), from -€61,762 to -€61,618
- Staff costs -€50,899
down €50,899 (-61.6%), from €82,565 to €31,666
- Gross operating margin -€34,796
down €34,796 (-47.7%), from €72,979 to €38,183
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 | €10,765 | €9,227 | -€1,538 | -14.3% |
| Current assets | 29/58 | €10,765 | €9,227 | -€1,538 | -14.3% |
| Amounts receivable within one year | 40/41 | €1,295 | €1,367 | +€72 | +5.6% |
| Other amounts receivable | 41 | €1,295 | €1,367 | +€72 | +5.6% |
| Cash at bank and in hand | 54/58 | - | €168 | +€168 | |
| Deferred charges and accrued income | 490/1 | €9,470 | €7,692 | -€1,778 | -18.8% |
| Total equity and liabilities | 10/49 | €10,765 | €9,227 | -€1,538 | -14.3% |
| Equity | 10/15 | -€55,562 | -€55,418 | +€144 | +0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,762 | -€61,618 | +€144 | +0.2% |
| Amounts payable | 17/49 | €66,327 | €64,646 | -€1,681 | -2.5% |
| Amounts payable within one year | 42/48 | €63,307 | €64,646 | +€1,339 | +2.1% |
| Financial debts | 43 | €4,882 | - | -€4,882 | |
| Credit institutions | 430/8 | €4,882 | - | -€4,882 | |
| Trade debts | 44 | €15,211 | €11,951 | -€3,260 | -21.4% |
| Suppliers | 440/4 | €15,211 | €11,951 | -€3,260 | -21.4% |
| Taxes, remuneration and social security | 45 | €31,916 | €31,997 | +€80 | +0.3% |
| Taxes | 450/3 | €12,571 | €14,502 | +€1,931 | +15.4% |
| Remuneration and social security | 454/9 | €19,345 | €17,495 | -€1,850 | -9.6% |
| Other amounts payable | 47/48 | €11,298 | €20,698 | +€9,400 | +83.2% |
| Accrued charges and deferred income | 492/3 | €3,020 | - | -€3,020 | |
| Remuneration, social security and pensions | 62 | €82,565 | €31,666 | -€50,899 | -61.6% |
| Other operating charges | 640/8 | €539 | €827 | +€289 | +53.5% |
| Non-recurring operating charges | 66A | - | €3,357 | +€3,357 | |
| Gross operating margin | 9900 | €72,979 | €38,183 | -€34,796 | -47.7% |
| Operating profit (loss) | 9901 | -€10,125 | €2,332 | +€12,457 | |
| Financial income | 75/76B | €76 | €121 | +€45 | +59.3% |
| Recurring financial income | 75 | €76 | €121 | +€45 | +59.3% |
| Financial charges | 65/66B | €1,470 | €2,164 | +€694 | +47.2% |
| Recurring financial charges | 65 | €1,470 | €2,164 | +€694 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,519 | €290 | +€11,809 | |
| Income taxes | 67/77 | €174 | €146 | -€28 | -16.2% |
| Profit (loss) for the period | 9904 | -€11,693 | €144 | +€11,837 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,693 | €144 | +€11,837 |
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 21 October 2026 via checked.be.