CAVALCO: what changed
Two fiscal 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.
CAVALCO
Largest movements
- Receivables within one year +€4,475
up €4,475 (+15.7%), from €28,586 to €33,061
- Tax, wage and social debts +€17,471
up €17,471 (+977.2%), from €1,788 to €19,259
- Profit (loss) carried forward -€12,107
down €12,107 (-67.8%), from €17,848 to €5,741
- Accrued charges and deferred income -€890
no longer reported in 2025 (was €890)
- Gross operating margin +€890
up €890, from -€890 to €0
- Purchases and services -€890
no longer reported in 2025 (was €890)
- Taxes +€282
up €282 (+102.1%), from €277 to €559
- Financial income +€168
up €168 (+8.7%), from €1,926 to €2,094
From the 2022 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €28,586 | €33,061 | +€4,475 | +15.7% |
| Current assets | 29/58 | €28,586 | €33,061 | +€4,475 | +15.7% |
| Amounts receivable within one year | 40/41 | €28,586 | €33,061 | +€4,475 | +15.7% |
| Other amounts receivable | 41 | €28,586 | €33,061 | +€4,475 | +15.7% |
| Total equity and liabilities | 10/49 | €28,586 | €33,061 | +€4,475 | +15.7% |
| Equity | 10/15 | €25,908 | €13,801 | -€12,107 | -46.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,848 | €5,741 | -€12,107 | -67.8% |
| Amounts payable | 17/49 | €2,678 | €19,259 | +€16,582 | +619.3% |
| Amounts payable within one year | 42/48 | €1,788 | €19,259 | +€17,471 | +977.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,788 | €19,259 | +€17,471 | +977.2% |
| Taxes | 450/3 | €1,788 | €19,259 | +€17,471 | +977.2% |
| Accrued charges and deferred income | 492/3 | €890 | - | -€890 | |
| Goods, raw materials, services and sundry goods | 60/61 | €890 | - | -€890 | |
| Gross operating margin | 9900 | -€890 | €0 | +€890 | |
| Operating profit (loss) | 9901 | -€890 | €0 | +€890 | |
| Financial income | 75/76B | €1,926 | €2,094 | +€168 | +8.7% |
| Recurring financial income | 75 | €1,926 | €2,094 | +€168 | +8.7% |
| Profit (loss) for the period before taxes | 9903 | €1,036 | €2,094 | +€1,058 | +102.1% |
| Income taxes | 67/77 | €277 | €559 | +€282 | +102.1% |
| Profit (loss) for the period | 9904 | €760 | €1,535 | +€776 | +102.1% |
| Profit (loss) for the period to be appropriated | 9905 | €760 | €1,535 | +€776 | +102.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.