CAVACO Projects: 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.
CAVACO Projects
Largest movements
- Receivables within one year +€20,305
up €20,305 (+15.3%), from €132,607 to €152,912
of which Trade receivables: +€10,948
- Cash -€18,681
down €18,681 (-62.2%), from €30,025 to €11,344
mainly Accrued charges and deferred income (-€42,146) and Debts after one year (-€36,413)
- Tax, wage and social debts +€47,797
up €47,797 (+50.7%), from €94,346 to €142,142
of which Remuneration and social security: +€80,961
- Accrued charges and deferred income -€42,146
down €42,146 (-100%), from €42,146 to €0
- Debts after one year -€36,413
down €36,413 (-100%), from €36,413 to €0
- Other debts +€16,000
up €16,000 (+1,111%), from €1,441 to €17,441
- Trade debts +€11,839
up €11,839 (+107%), from €11,027 to €22,866
- Gross operating margin +€166,962
up €166,962 (+21.6%), from €772,218 to €939,180
- Staff costs +€145,829
up €145,829 (+19.2%), from €759,274 to €905,103
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 | €163,369 | €164,256 | +€887 | +0.5% |
| Current assets | 29/58 | €163,369 | €164,256 | +€887 | +0.5% |
| Amounts receivable within one year | 40/41 | €132,607 | €152,912 | +€20,305 | +15.3% |
| Trade receivables | 40 | €119,751 | €130,699 | +€10,948 | +9.1% |
| Other amounts receivable | 41 | €12,856 | €22,213 | +€9,356 | +72.8% |
| Cash at bank and in hand | 54/58 | €30,025 | €11,344 | -€18,681 | -62.2% |
| Deferred charges and accrued income | 490/1 | €737 | €0 | -€737 | -100% |
| Total equity and liabilities | 10/49 | €163,369 | €164,256 | +€887 | +0.5% |
| Equity | 10/15 | -€22,003 | -€18,193 | +€3,811 | +17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,203 | -€24,393 | +€3,811 | +13.5% |
| Amounts payable | 17/49 | €185,372 | €182,449 | -€2,923 | -1.6% |
| Amounts payable after more than one year | 17 | €36,413 | €0 | -€36,413 | -100% |
| Other amounts payable | 178/9 | €36,413 | €0 | -€36,413 | -100% |
| Amounts payable within one year | 42/48 | €106,813 | €182,449 | +€75,636 | +70.8% |
| Trade debts | 44 | €11,027 | €22,866 | +€11,839 | +107% |
| Suppliers | 440/4 | €11,027 | €22,866 | +€11,839 | +107% |
| Taxes, remuneration and social security | 45 | €94,346 | €142,142 | +€47,797 | +50.7% |
| Taxes | 450/3 | €63,277 | €30,113 | -€33,165 | -52.4% |
| Remuneration and social security | 454/9 | €31,068 | €112,030 | +€80,961 | +261% |
| Other amounts payable | 47/48 | €1,441 | €17,441 | +€16,000 | +1,111% |
| Accrued charges and deferred income | 492/3 | €42,146 | €0 | -€42,146 | -100% |
| Remuneration, social security and pensions | 62 | €759,274 | €905,103 | +€145,829 | +19.2% |
| Other operating charges | 640/8 | €5,410 | €14,028 | +€8,618 | +159% |
| Gross operating margin | 9900 | €772,218 | €939,180 | +€166,962 | +21.6% |
| Operating profit (loss) | 9901 | €7,534 | €20,049 | +€12,514 | +166% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €541 | €3,094 | +€2,553 | +472% |
| Recurring financial charges | 65 | €541 | €3,094 | +€2,553 | +472% |
| Profit (loss) for the period before taxes | 9903 | €7,005 | €16,955 | +€9,950 | +142% |
| Income taxes | 67/77 | €9,850 | €13,144 | +€3,295 | +33.4% |
| Profit (loss) for the period | 9904 | -€2,845 | €3,811 | +€6,655 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,845 | €3,811 | +€6,655 |
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 14 October 2026 via checked.be.