Cavali: 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.
Cavali
Largest movements
- Receivables within one year +€9,780
up €9,780 (+621.6%), from €1,573 to €11,353
of which Trade receivables: +€9,506
- Cash -€5,716
down €5,716 (-49.4%), from €11,562 to €5,845
mainly Debts after one year (-€19,144) and Investment in fixed assets (net) (-€13,027)
- Tangible fixed assets -€3,471
down €3,471 (-4.9%), from €71,077 to €67,606
of which Plant, machinery and equipment: -€12,267
- Stocks and contracts +€1,736
up €1,736 (+25.4%), from €6,842 to €8,578
- Debts after one year -€19,144
down €19,144 (-24.0%), from €79,733 to €60,589
- Profit (loss) carried forward +€11,797
up €11,797 (+87.3%), from -€13,513 to -€1,715
- Other debts +€5,234
up €5,234 (+4131.2%), from €127 to €5,361
- Current portion of long-term debt +€3,273
up €3,273 (+22.4%), from €14,581 to €17,854
- Trade debts +€1,497
up €1,497 (+65.2%), from €2,297 to €3,794
- Gross operating margin +€31,418
up €31,418, from -€2,092 to €29,326
- Depreciation +€5,842
up €5,842 (+54.8%), from €10,656 to €16,498
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 | €91,053 | €93,382 | +€2,328 | +2.6% |
| Fixed assets | 21/28 | €71,077 | €67,606 | -€3,471 | -4.9% |
| Tangible fixed assets | 22/27 | €71,077 | €67,606 | -€3,471 | -4.9% |
| Plant, machinery and equipment | 23 | €60,025 | €47,758 | -€12,267 | -20.4% |
| Furniture and vehicles | 24 | €11,052 | €8,579 | -€2,473 | -22.4% |
| Other tangible fixed assets | 26 | - | €11,269 | +€11,269 | |
| Current assets | 29/58 | €19,977 | €25,776 | +€5,800 | +29.0% |
| Stocks and contracts in progress | 3 | €6,842 | €8,578 | +€1,736 | +25.4% |
| Stocks | 30/36 | €6,842 | €8,578 | +€1,736 | +25.4% |
| Amounts receivable within one year | 40/41 | €1,573 | €11,353 | +€9,780 | +621.6% |
| Trade receivables | 40 | €1,573 | €11,080 | +€9,506 | +604.2% |
| Other amounts receivable | 41 | - | €273 | +€273 | |
| Cash at bank and in hand | 54/58 | €11,562 | €5,845 | -€5,716 | -49.4% |
| Total equity and liabilities | 10/49 | €91,053 | €93,382 | +€2,328 | +2.6% |
| Equity | 10/15 | -€6,013 | €5,785 | +€11,797 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,513 | -€1,715 | +€11,797 | +87.3% |
| Amounts payable | 17/49 | €97,066 | €87,597 | -€9,469 | -9.8% |
| Amounts payable after more than one year | 17 | €79,733 | €60,589 | -€19,144 | -24.0% |
| Financial debts | 170/4 | €79,733 | €60,589 | -€19,144 | -24.0% |
| Amounts payable within one year | 42/48 | €17,333 | €27,008 | +€9,675 | +55.8% |
| Current portion of amounts payable after more than one year | 42 | €14,581 | €17,854 | +€3,273 | +22.4% |
| Trade debts | 44 | €2,297 | €3,794 | +€1,497 | +65.2% |
| Suppliers | 440/4 | €2,297 | €3,794 | +€1,497 | +65.2% |
| Taxes, remuneration and social security | 45 | €329 | - | -€329 | |
| Taxes | 450/3 | €329 | - | -€329 | |
| Other amounts payable | 47/48 | €127 | €5,361 | +€5,234 | +4131.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,656 | €16,498 | +€5,842 | +54.8% |
| Other operating charges | 640/8 | €166 | €266 | +€100 | +60.5% |
| Gross operating margin | 9900 | -€2,092 | €29,326 | +€31,418 | |
| Operating profit (loss) | 9901 | -€12,914 | €12,562 | +€25,476 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €599 | €765 | +€166 | +27.7% |
| Recurring financial charges | 65 | €599 | €765 | +€166 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,513 | €11,797 | +€25,310 | |
| Profit (loss) for the period | 9904 | -€13,513 | €11,797 | +€25,310 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,513 | €11,797 | +€25,310 |
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 12 October 2026 via checked.be.