CAVANKO: 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.
CAVANKO
Largest movements
- Cash +€118,136
up €118,136 (+85.6%), from €137,987 to €256,123
mainly Other debts (+€109,369) and Net result for the year (+€53,425)
- Tangible fixed assets -€50,263
down €50,263 (-4.3%), from €1.2m to €1.1m
- Receivables within one year -€27,507
down €27,507 (-93.9%), from €29,307 to €1,800
- Other debts +€109,369
up €109,369 (+13,129%), from €833 to €110,202
- Profit (loss) carried forward -€46,575
down €46,575 (-12.8%), from €363,661 to €317,086
- Debts after one year -€23,937
down €23,937 (-7.7%), from €310,129 to €286,191
- Depreciation -€73,367
down €73,367 (-59.3%), from €123,630 to €50,263
- Taxes +€18,030
up €18,030 (+10,718%), from €168 to €18,198
- Financial charges -€5,948
down €5,948 (-20.5%), from €29,067 to €23,119
- Other operating charges +€3,158
up €3,158 (+79.8%), from €3,956 to €7,114
- Gross operating margin -€3,115
down €3,115 (-2.0%), from €155,097 to €151,982
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 | €1,347,962 | €1,387,956 | +€39,994 | +3.0% |
| Fixed assets | 21/28 | €1,179,885 | €1,129,623 | -€50,263 | -4.3% |
| Tangible fixed assets | 22/27 | €1,179,885 | €1,129,623 | -€50,263 | -4.3% |
| Land and buildings | 22 | €1,179,885 | €1,129,623 | -€50,263 | -4.3% |
| Current assets | 29/58 | €168,077 | €258,334 | +€90,257 | +53.7% |
| Amounts receivable within one year | 40/41 | €29,307 | €1,800 | -€27,507 | -93.9% |
| Other amounts receivable | 41 | €29,307 | €1,800 | -€27,507 | -93.9% |
| Cash at bank and in hand | 54/58 | €137,987 | €256,123 | +€118,136 | +85.6% |
| Deferred charges and accrued income | 490/1 | €783 | €410 | -€372 | -47.6% |
| Total equity and liabilities | 10/49 | €1,347,962 | €1,387,956 | +€39,994 | +3.0% |
| Equity | 10/15 | €495,661 | €449,086 | -€46,575 | -9.4% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €363,661 | €317,086 | -€46,575 | -12.8% |
| Amounts payable | 17/49 | €852,301 | €938,870 | +€86,569 | +10.2% |
| Amounts payable after more than one year | 17 | €310,129 | €286,191 | -€23,937 | -7.7% |
| Financial debts | 170/4 | €310,129 | €286,191 | -€23,937 | -7.7% |
| Amounts payable within one year | 42/48 | €536,140 | €645,645 | +€109,506 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €25,564 | €25,917 | +€353 | +1.4% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €994 | €506 | -€488 | -49.1% |
| Suppliers | 440/4 | €994 | €506 | -€488 | -49.1% |
| Taxes, remuneration and social security | 45 | €8,749 | €9,020 | +€271 | +3.1% |
| Taxes | 450/3 | €8,749 | €9,020 | +€271 | +3.1% |
| Other amounts payable | 47/48 | €833 | €110,202 | +€109,369 | +13,129% |
| Accrued charges and deferred income | 492/3 | €6,032 | €7,034 | +€1,001 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,630 | €50,263 | -€73,367 | -59.3% |
| Other operating charges | 640/8 | €3,956 | €7,114 | +€3,158 | +79.8% |
| Gross operating margin | 9900 | €155,097 | €151,982 | -€3,115 | -2.0% |
| Operating profit (loss) | 9901 | €27,511 | €94,606 | +€67,095 | +244% |
| Financial income | 75/76B | €803 | €136 | -€667 | -83.1% |
| Recurring financial income | 75 | €803 | €136 | -€667 | -83.1% |
| Financial charges | 65/66B | €29,067 | €23,119 | -€5,948 | -20.5% |
| Recurring financial charges | 65 | €29,067 | €23,119 | -€5,948 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | -€752 | €71,623 | +€72,375 | |
| Income taxes | 67/77 | €168 | €18,198 | +€18,030 | +10,718% |
| Profit (loss) for the period | 9904 | -€920 | €53,425 | +€54,345 | |
| Profit (loss) for the period to be appropriated | 9905 | -€920 | €53,425 | +€54,345 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.