CA VA ALORS: 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.
CA VA ALORS
Largest movements
- Receivables within one year +€95,407
up €95,407 (+364%), from €26,223 to €121,630
of which Trade receivables: +€93,227
- Cash +€25,955
up €25,955 (+46.2%), from €56,147 to €82,101
mainly Trade debts (+€94,685) and Net result for the year (+€58,362)
- Trade debts +€94,685
up €94,685 (+49,287%), from €192 to €94,878
- Profit (loss) carried forward +€40,362
up €40,362 (+54.6%), from €73,926 to €114,288
- Debts after one year -€13,342
down €13,342 (-15.5%), from €86,055 to €72,713
- Gross operating margin +€47,067
up €47,067 (+133%), from €35,384 to €82,451
- Taxes +€6,858
up €6,858 (+76.6%), from €8,957 to €15,815
- Financial charges +€2,305
up €2,305 (+190%), from €1,210 to €3,515
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 | €492,354 | €612,425 | +€120,071 | +24.4% |
| Fixed assets | 21/28 | €409,906 | €408,694 | -€1,213 | -0.3% |
| Tangible fixed assets | 22/27 | €9,906 | €8,694 | -€1,213 | -12.2% |
| Furniture and vehicles | 24 | €9,906 | €8,694 | -€1,213 | -12.2% |
| Financial fixed assets | 28 | €400,000 | €400,000 | = | 0.0% |
| Current assets | 29/58 | €82,448 | €203,732 | +€121,284 | +147% |
| Amounts receivable within one year | 40/41 | €26,223 | €121,630 | +€95,407 | +364% |
| Trade receivables | 40 | €26,223 | €119,450 | +€93,227 | +356% |
| Other amounts receivable | 41 | - | €2,180 | +€2,180 | |
| Cash at bank and in hand | 54/58 | €56,147 | €82,101 | +€25,955 | +46.2% |
| Deferred charges and accrued income | 490/1 | €78 | - | -€78 | |
| Total equity and liabilities | 10/49 | €492,354 | €612,425 | +€120,071 | +24.4% |
| Equity | 10/15 | €77,426 | €117,788 | +€40,362 | +52.1% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,926 | €114,288 | +€40,362 | +54.6% |
| Amounts payable | 17/49 | €414,929 | €494,637 | +€79,709 | +19.2% |
| Amounts payable after more than one year | 17 | €86,055 | €72,713 | -€13,342 | -15.5% |
| Financial debts | 170/4 | €86,055 | €72,713 | -€13,342 | -15.5% |
| Amounts payable within one year | 42/48 | €328,874 | €421,924 | +€93,051 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €12,891 | €13,342 | +€451 | +3.5% |
| Trade debts | 44 | €192 | €94,878 | +€94,685 | +49,287% |
| Suppliers | 440/4 | €192 | €94,878 | +€94,685 | +49,287% |
| Taxes, remuneration and social security | 45 | €13,576 | €16,299 | +€2,723 | +20.1% |
| Taxes | 450/3 | €13,232 | €16,299 | +€3,067 | +23.2% |
| Remuneration and social security | 454/9 | €344 | - | -€344 | |
| Other amounts payable | 47/48 | €302,215 | €297,406 | -€4,809 | -1.6% |
| Remuneration, social security and pensions | 62 | €63 | €600 | +€537 | +858% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,921 | €3,026 | +€105 | +3.6% |
| Other operating charges | 640/8 | €387 | €456 | +€69 | +17.8% |
| Non-recurring operating charges | 66A | - | €676 | +€676 | |
| Gross operating margin | 9900 | €35,384 | €82,451 | +€47,067 | +133% |
| Operating profit (loss) | 9901 | €32,013 | €77,693 | +€45,680 | +143% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,210 | €3,515 | +€2,305 | +190% |
| Recurring financial charges | 65 | €1,210 | €3,515 | +€2,305 | +190% |
| Profit (loss) for the period before taxes | 9903 | €30,806 | €74,178 | +€43,372 | +141% |
| Income taxes | 67/77 | €8,957 | €15,815 | +€6,858 | +76.6% |
| Profit (loss) for the period | 9904 | €21,849 | €58,362 | +€36,514 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €21,849 | €58,362 | +€36,514 | +167% |
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 24 October 2026 via checked.be.