CAVACO: what changed
CAVACO
Largest movements
- Receivables within one year -€7,283
down €7,283 (-39.6%), from €18,385 to €11,102
of which Trade receivables: -€4,967
- Cash +€2,660
up €2,660 (+8.0%), from €33,183 to €35,843
mainly Receivables within one year (+€7,283) and Depreciation (+€1,943)
- Tangible fixed assets -€1,943
down €1,943 (-25.4%), from €7,639 to €5,696
of which Land and buildings: -€1,122
- Reserves -€4,097
down €4,097 (-6.9%), from €59,063 to €54,966
of which Distributable reserves: -€4,097
- Tax, wage and social debts -€2,648
down €2,648 (-27.1%), from €9,755 to €7,107
- Gross operating margin +€19,443
up €19,443 (+321%), from €6,052 to €25,495
- Staff costs +€12,409
new in 2024: €12,409
- Other operating charges +€2,608
up €2,608 (+20.8%), from €12,511 to €15,120
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €94,210 | €87,601 | -€6,610 | -7.0% |
| Fixed assets | 21/28 | €11,839 | €9,896 | -€1,943 | -16.4% |
| Tangible fixed assets | 22/27 | €7,639 | €5,696 | -€1,943 | -25.4% |
| Land and buildings | 22 | €4,537 | €3,415 | -€1,122 | -24.7% |
| Plant, machinery and equipment | 23 | €1,370 | €942 | -€428 | -31.3% |
| Furniture and vehicles | 24 | €1,731 | €1,338 | -€393 | -22.7% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €82,372 | €77,705 | -€4,667 | -5.7% |
| Stocks and contracts in progress | 3 | €30,368 | €29,508 | -€860 | -2.8% |
| Stocks | 30/36 | €30,368 | €29,508 | -€860 | -2.8% |
| Amounts receivable within one year | 40/41 | €18,385 | €11,102 | -€7,283 | -39.6% |
| Trade receivables | 40 | €6,362 | €1,396 | -€4,967 | -78.1% |
| Other amounts receivable | 41 | €12,023 | €9,706 | -€2,317 | -19.3% |
| Cash at bank and in hand | 54/58 | €33,183 | €35,843 | +€2,660 | +8.0% |
| Deferred charges and accrued income | 490/1 | €435 | €1,252 | +€817 | +188% |
| Total equity and liabilities | 10/49 | €94,210 | €87,601 | -€6,610 | -7.0% |
| Equity | 10/15 | €77,663 | €73,566 | -€4,097 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,063 | €54,966 | -€4,097 | -6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,203 | €53,106 | -€4,097 | -7.2% |
| Amounts payable | 17/49 | €16,547 | €14,035 | -€2,512 | -15.2% |
| Amounts payable within one year | 42/48 | €16,547 | €14,035 | -€2,512 | -15.2% |
| Trade debts | 44 | €6,792 | €6,927 | +€136 | +2.0% |
| Suppliers | 440/4 | €6,792 | €6,927 | +€136 | +2.0% |
| Taxes, remuneration and social security | 45 | €9,755 | €7,107 | -€2,648 | -27.1% |
| Taxes | 450/3 | €9,755 | €7,107 | -€2,648 | -27.1% |
| Remuneration, social security and pensions | 62 | - | €12,409 | +€12,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,925 | €1,943 | +€18 | +0.9% |
| Other operating charges | 640/8 | €12,511 | €15,120 | +€2,608 | +20.8% |
| Gross operating margin | 9900 | €6,052 | €25,495 | +€19,443 | +321% |
| Operating profit (loss) | 9901 | -€8,384 | -€3,977 | +€4,407 | +52.6% |
| Financial income | 75/76B | €5 | €120 | +€115 | +2,335% |
| Recurring financial income | 75 | €5 | €120 | +€115 | +2,335% |
| Financial charges | 65/66B | €374 | €277 | -€97 | -25.9% |
| Recurring financial charges | 65 | €374 | €277 | -€97 | -25.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,753 | -€4,133 | +€4,619 | +52.8% |
| Income taxes | 67/77 | - | -€36 | -€36 | |
| Profit (loss) for the period | 9904 | -€8,753 | -€4,097 | +€4,655 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,753 | -€4,097 | +€4,655 | +53.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.