CAVALIARA: 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.
CAVALIARA
Largest movements
- Tangible fixed assets -€9,132
down €9,132 (-67.3%), from €13,574 to €4,443
of which Furniture and vehicles: -€7,820
- Receivables within one year +€1,920
up €1,920 (+56.9%), from €3,372 to €5,292
- Debts after one year -€8,269
down €8,269 (-62.6%), from €13,207 to €4,939
- Other debts -€1,970
down €1,970 (-85.1%), from €2,315 to €345
- Tax, wage and social debts +€1,773
up €1,773 (+7.3%), from €24,344 to €26,116
of which Remuneration and social security: +€6,260
- Profit (loss) carried forward +€1,182
up €1,182 (+3.7%), from €31,617 to €32,799
- Staff costs +€46,407
up €46,407 (+650.0%), from €7,139 to €53,546
- Gross operating margin +€30,681
up €30,681 (+78.7%), from €38,979 to €69,660
- Depreciation -€7,708
down €7,708 (-45.8%), from €16,840 to €9,132
- Taxes -€1,430
down €1,430 (-26.8%), from €5,333 to €3,903
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 | €101,664 | €95,301 | -€6,364 | -6.3% |
| Fixed assets | 21/28 | €13,634 | €4,503 | -€9,132 | -67.0% |
| Tangible fixed assets | 22/27 | €13,574 | €4,443 | -€9,132 | -67.3% |
| Furniture and vehicles | 24 | €8,316 | €496 | -€7,820 | -94.0% |
| Other tangible fixed assets | 26 | €5,259 | €3,947 | -€1,312 | -24.9% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €88,030 | €90,798 | +€2,768 | +3.1% |
| Amounts receivable within one year | 40/41 | €3,372 | €5,292 | +€1,920 | +56.9% |
| Trade receivables | 40 | €3,372 | €5,292 | +€1,920 | +56.9% |
| Cash at bank and in hand | 54/58 | €84,106 | €84,910 | +€804 | +1.0% |
| Deferred charges and accrued income | 490/1 | €552 | €597 | +€45 | +8.1% |
| Total equity and liabilities | 10/49 | €101,664 | €95,301 | -€6,364 | -6.3% |
| Equity | 10/15 | €52,077 | €53,259 | +€1,182 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,617 | €32,799 | +€1,182 | +3.7% |
| Amounts payable | 17/49 | €49,588 | €42,042 | -€7,546 | -15.2% |
| Amounts payable after more than one year | 17 | €13,207 | €4,939 | -€8,269 | -62.6% |
| Financial debts | 170/4 | €13,207 | €4,939 | -€8,269 | -62.6% |
| Amounts payable within one year | 42/48 | €36,380 | €37,103 | +€723 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €8,025 | €8,269 | +€243 | +3.0% |
| Trade debts | 44 | €1,697 | €2,373 | +€677 | +39.9% |
| Suppliers | 440/4 | €1,697 | €2,373 | +€677 | +39.9% |
| Taxes, remuneration and social security | 45 | €24,344 | €26,116 | +€1,773 | +7.3% |
| Taxes | 450/3 | €24,344 | €19,856 | -€4,487 | -18.4% |
| Remuneration and social security | 454/9 | - | €6,260 | +€6,260 | |
| Other amounts payable | 47/48 | €2,315 | €345 | -€1,970 | -85.1% |
| Remuneration, social security and pensions | 62 | €7,139 | €53,546 | +€46,407 | +650.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,840 | €9,132 | -€7,708 | -45.8% |
| Other operating charges | 640/8 | €820 | €975 | +€155 | +19.0% |
| Gross operating margin | 9900 | €38,979 | €69,660 | +€30,681 | +78.7% |
| Operating profit (loss) | 9901 | €14,181 | €6,007 | -€8,174 | -57.6% |
| Financial income | 75/76B | €11 | €0 | -€11 | -97.6% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -97.6% |
| Financial charges | 65/66B | €1,087 | €923 | -€164 | -15.1% |
| Recurring financial charges | 65 | €1,087 | €923 | -€164 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €13,105 | €5,085 | -€8,020 | -61.2% |
| Income taxes | 67/77 | €5,333 | €3,903 | -€1,430 | -26.8% |
| Profit (loss) for the period | 9904 | €7,772 | €1,182 | -€6,591 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,772 | €1,182 | -€6,591 | -84.8% |
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 8 October 2026 via checked.be.