CAVALE: 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.
CAVALE
Largest movements
- Cash +€21,246
up €21,246 (+8381.2%), from €253 to €21,499
mainly Net result for the year (+€12,696) and Other debts (+€7,358)
- Receivables within one year -€1,564
down €1,564 (-8.4%), from €18,695 to €17,131
of which Other amounts receivable: -€13,392
- Tangible fixed assets +€1,557
up €1,557 (+105.1%), from €1,482 to €3,039
- Reserves +€10,500
up €10,500 (+245.7%), from €4,274 to €14,774
of which Distributable reserves: +€10,500
- Other debts +€7,358
new in 2025: €7,358
- Tax, wage and social debts +€6,601
up €6,601 (+201.7%), from €3,272 to €9,873
of which Taxes: +€8,101
- Trade debts -€5,415
down €5,415 (-48.8%), from €11,093 to €5,678
- Profit (loss) carried forward +€2,196
up €2,196, from -€709 to €1,487
- Gross operating margin +€19,420
up €19,420 (+645.2%), from €3,010 to €22,430
- Taxes +€4,550
up €4,550 (+2677.6%), from €170 to €4,720
- Depreciation +€742
up €742 (+76.6%), from €969 to €1,711
- Other operating charges +€409
up €409 (+22.2%), from €1,846 to €2,256
- Financial charges -€339
down €339 (-24.5%), from €1,385 to €1,046
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.
Cash bridge derived
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 | €20,431 | €41,670 | +€21,239 | +104.0% |
| Fixed assets | 21/28 | €1,482 | €3,039 | +€1,557 | +105.1% |
| Tangible fixed assets | 22/27 | €1,482 | €3,039 | +€1,557 | +105.1% |
| Furniture and vehicles | 24 | €1,482 | €3,039 | +€1,557 | +105.1% |
| Current assets | 29/58 | €18,949 | €38,630 | +€19,682 | +103.9% |
| Amounts receivable within one year | 40/41 | €18,695 | €17,131 | -€1,564 | -8.4% |
| Trade receivables | 40 | €4,999 | €16,828 | +€11,829 | +236.6% |
| Other amounts receivable | 41 | €13,696 | €303 | -€13,392 | -97.8% |
| Cash at bank and in hand | 54/58 | €253 | €21,499 | +€21,246 | +8381.2% |
| Total equity and liabilities | 10/49 | €20,431 | €41,670 | +€21,239 | +104.0% |
| Equity | 10/15 | €6,066 | €18,762 | +€12,696 | +209.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Other | 1109/19 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €4,274 | €14,774 | +€10,500 | +245.7% |
| Non-distributable reserves | 130/1 | €274 | €274 | = | 0.0% |
| Legal reserve | 130 | €274 | €274 | = | 0.0% |
| Distributable reserves | 133 | €4,000 | €14,500 | +€10,500 | +262.5% |
| Profit (loss) carried forward | 14 | -€709 | €1,487 | +€2,196 | |
| Amounts payable | 17/49 | €14,365 | €22,908 | +€8,543 | +59.5% |
| Amounts payable within one year | 42/48 | €14,365 | €22,908 | +€8,543 | +59.5% |
| Trade debts | 44 | €11,093 | €5,678 | -€5,415 | -48.8% |
| Suppliers | 440/4 | €11,093 | €5,678 | -€5,415 | -48.8% |
| Taxes, remuneration and social security | 45 | €3,272 | €9,873 | +€6,601 | +201.7% |
| Taxes | 450/3 | €1,772 | €9,873 | +€8,101 | +457.2% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | - | €7,358 | +€7,358 | |
| Remuneration, social security and pensions | 62 | €161 | - | -€161 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €1,711 | +€742 | +76.6% |
| Other operating charges | 640/8 | €1,846 | €2,256 | +€409 | +22.2% |
| Gross operating margin | 9900 | €3,010 | €22,430 | +€19,420 | +645.2% |
| Operating profit (loss) | 9901 | €34 | €18,463 | +€18,429 | +55012.7% |
| Financial charges | 65/66B | €1,385 | €1,046 | -€339 | -24.5% |
| Recurring financial charges | 65 | €1,385 | €1,046 | -€339 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,352 | €17,416 | +€18,768 | |
| Income taxes | 67/77 | €170 | €4,720 | +€4,550 | +2677.6% |
| Profit (loss) for the period | 9904 | -€1,522 | €12,696 | +€14,218 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,522 | €12,696 | +€14,218 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.