CAVADA: 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.
CAVADA
Largest movements
- Receivables after one year +€17,929
up €17,929 (+4.4%), from €409,317 to €427,246
- Cash -€4,674
down €4,674 (-17.5%), from €26,699 to €22,025
mainly Receivables after one year (-€17,929) and Trade debts (-€1,504)
- Profit (loss) carried forward +€10,304
up €10,304 (+2.5%), from €410,620 to €420,924
- Financial income +€7,231
up €7,231 (+67.6%), from €10,698 to €17,929
- Taxes +€2,223
up €2,223 (+177%), from €1,256 to €3,479
- Gross operating margin +€2,084
up €2,084 (+36.7%), from -€5,685 to -€3,602
- Financial charges +€361
up €361 (+363%), from €100 to €461
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 | €437,716 | €449,272 | +€11,555 | +2.6% |
| Current assets | 29/58 | €437,716 | €449,272 | +€11,555 | +2.6% |
| Amounts receivable after more than one year | 29 | €409,317 | €427,246 | +€17,929 | +4.4% |
| Other amounts receivable | 291 | €409,317 | €427,246 | +€17,929 | +4.4% |
| Amounts receivable within one year | 40/41 | €1,699 | €0 | -€1,699 | -100% |
| Trade receivables | 40 | €1,493 | €0 | -€1,493 | -100% |
| Other amounts receivable | 41 | €206 | €0 | -€206 | -100% |
| Cash at bank and in hand | 54/58 | €26,699 | €22,025 | -€4,674 | -17.5% |
| Total equity and liabilities | 10/49 | €437,716 | €449,272 | +€11,555 | +2.6% |
| Equity | 10/15 | €435,147 | €445,451 | +€10,304 | +2.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €5,527 | €5,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,627 | €3,627 | = | 0.0% |
| Profit (loss) carried forward | 14 | €410,620 | €420,924 | +€10,304 | +2.5% |
| Amounts payable | 17/49 | €2,570 | €3,821 | +€1,251 | +48.7% |
| Amounts payable within one year | 42/48 | €2,570 | €3,737 | +€1,167 | +45.4% |
| Trade debts | 44 | €2,125 | €621 | -€1,504 | -70.8% |
| Suppliers | 440/4 | €2,125 | €621 | -€1,504 | -70.8% |
| Taxes, remuneration and social security | 45 | €256 | €1,234 | +€979 | +382% |
| Taxes | 450/3 | €256 | €1,234 | +€979 | +382% |
| Other amounts payable | 47/48 | €189 | €1,881 | +€1,693 | +898% |
| Accrued charges and deferred income | 492/3 | - | €84 | +€84 | |
| Other operating charges | 640/8 | €84 | €84 | = | 0.0% |
| Gross operating margin | 9900 | -€5,685 | -€3,602 | +€2,084 | +36.7% |
| Operating profit (loss) | 9901 | -€5,769 | -€3,686 | +€2,084 | +36.1% |
| Financial income | 75/76B | €10,698 | €17,929 | +€7,231 | +67.6% |
| Recurring financial income | 75 | €10,698 | €17,929 | +€7,231 | +67.6% |
| Financial charges | 65/66B | €100 | €461 | +€361 | +363% |
| Recurring financial charges | 65 | €100 | €461 | +€361 | +363% |
| Profit (loss) for the period before taxes | 9903 | €4,829 | €13,782 | +€8,954 | +185% |
| Income taxes | 67/77 | €1,256 | €3,479 | +€2,223 | +177% |
| Profit (loss) for the period | 9904 | €3,573 | €10,304 | +€6,731 | +188% |
| Profit (loss) for the period to be appropriated | 9905 | €3,573 | €10,304 | +€6,731 | +188% |
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 16 October 2026 via checked.be.