CAUVALL: 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.
CAUVALL
Largest movements
- Cash +€39,962
up €39,962 (+60.9%), from €65,625 to €105,588
mainly Net result for the year (+€107,048) and Other debts (+€18,124)
- Current investments -€16,408
down €16,408 (-100%), from €16,408 to €0
- Receivables within one year +€10,971
up €10,971 (+45.5%), from €24,089 to €35,060
of which Trade receivables: +€13,177
- Tangible fixed assets -€5,510
down €5,510 (-86.2%), from €6,392 to €882
of which Furniture and vehicles: -€5,510
- Other debts +€18,124
up €18,124 (+18.5%), from €98,024 to €116,148
- Tax, wage and social debts +€12,269
up €12,269 (+123%), from €9,979 to €22,248
- Gross operating margin +€31,631
up €31,631 (+27.8%), from €113,848 to €145,479
- Taxes +€9,025
up €9,025 (+40.4%), from €22,319 to €31,344
- Financial charges +€7,203
up €7,203, from -€6,290 to €913
- Depreciation -€1,766
down €1,766 (-24.3%), from €7,276 to €5,510
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,267 | €142,269 | +€29,002 | +25.6% |
| Fixed assets | 21/28 | €6,392 | €882 | -€5,510 | -86.2% |
| Tangible fixed assets | 22/27 | €6,392 | €882 | -€5,510 | -86.2% |
| Furniture and vehicles | 24 | €6,392 | €882 | -€5,510 | -86.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €106,876 | €141,387 | +€34,512 | +32.3% |
| Amounts receivable within one year | 40/41 | €24,089 | €35,060 | +€10,971 | +45.5% |
| Trade receivables | 40 | €21,883 | €35,060 | +€13,177 | +60.2% |
| Other amounts receivable | 41 | €2,206 | €0 | -€2,206 | -100% |
| Current investments | 50/53 | €16,408 | €0 | -€16,408 | -100% |
| Cash at bank and in hand | 54/58 | €65,625 | €105,588 | +€39,962 | +60.9% |
| Deferred charges and accrued income | 490/1 | €753 | €740 | -€13 | -1.7% |
| Total equity and liabilities | 10/49 | €113,267 | €142,269 | +€29,002 | +25.6% |
| Equity | 10/15 | €4,047 | €3,000 | -€1,047 | -25.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €1,047 | €0 | -€1,047 | -100% |
| Amounts payable | 17/49 | €109,220 | €139,269 | +€30,049 | +27.5% |
| Amounts payable within one year | 42/48 | €109,220 | €139,269 | +€30,049 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,217 | €873 | -€344 | -28.3% |
| Suppliers | 440/4 | €1,217 | €873 | -€344 | -28.3% |
| Taxes, remuneration and social security | 45 | €9,979 | €22,248 | +€12,269 | +123% |
| Taxes | 450/3 | €9,979 | €22,248 | +€12,269 | +123% |
| Other amounts payable | 47/48 | €98,024 | €116,148 | +€18,124 | +18.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,276 | €5,510 | -€1,766 | -24.3% |
| Other operating charges | 640/8 | €1,125 | €669 | -€456 | -40.5% |
| Gross operating margin | 9900 | €113,848 | €145,479 | +€31,631 | +27.8% |
| Operating profit (loss) | 9901 | €105,447 | €139,300 | +€33,853 | +32.1% |
| Financial income | 75/76B | €685 | €5 | -€680 | -99.3% |
| Recurring financial income | 75 | €685 | €5 | -€680 | -99.3% |
| Financial charges | 65/66B | -€6,290 | €913 | +€7,203 | |
| Recurring financial charges | 65 | -€6,290 | €913 | +€7,203 | |
| Profit (loss) for the period before taxes | 9903 | €112,423 | €138,392 | +€25,969 | +23.1% |
| Income taxes | 67/77 | €22,319 | €31,344 | +€9,025 | +40.4% |
| Profit (loss) for the period | 9904 | €90,104 | €107,048 | +€16,944 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €90,104 | €107,048 | +€16,944 | +18.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.