CAVANOS: 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.
CAVANOS
Largest movements
- Receivables within one year +€62,387
up €62,387 (+75.6%), from €82,534 to €144,921
of which Trade receivables: +€71,559
- Cash -€7,189
down €7,189 (-21.5%), from €33,398 to €26,209
mainly Receivables within one year (-€62,387) and Investment in fixed assets (net) (-€36,350)
- Trade debts +€54,400
up €54,400 (+165.1%), from €32,949 to €87,349
- Profit (loss) carried forward +€5,864
up €5,864 (+5.1%), from €114,087 to €119,951
- Tax, wage and social debts -€5,792
down €5,792 (-17.4%), from €33,383 to €27,591
of which Taxes: -€8,062
- Staff costs +€23,578
up €23,578 (+10.1%), from €233,980 to €257,558
- Taxes -€10,987
down €10,987 (-67.4%), from €16,305 to €5,319
- Other operating charges +€9,725
up €9,725 (+229.9%), from €4,230 to €13,955
- Depreciation +€8,032
up €8,032 (+31.1%), from €25,789 to €33,821
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 | €199,473 | €255,715 | +€56,242 | +28.2% |
| Fixed assets | 21/28 | €76,541 | €79,070 | +€2,529 | +3.3% |
| Tangible fixed assets | 22/27 | €75,310 | €77,839 | +€2,529 | +3.4% |
| Plant, machinery and equipment | 23 | €12,897 | €14,009 | +€1,112 | +8.6% |
| Furniture and vehicles | 24 | €28,804 | €22,675 | -€6,128 | -21.3% |
| Leasing and similar rights | 25 | €1,412 | €12,751 | +€11,339 | +802.8% |
| Other tangible fixed assets | 26 | €32,197 | €28,403 | -€3,794 | -11.8% |
| Financial fixed assets | 28 | €1,232 | €1,232 | = | 0.0% |
| Current assets | 29/58 | €122,932 | €176,645 | +€53,713 | +43.7% |
| Stocks and contracts in progress | 3 | €7,000 | €5,450 | -€1,550 | -22.1% |
| Stocks | 30/36 | €7,000 | €5,450 | -€1,550 | -22.1% |
| Amounts receivable within one year | 40/41 | €82,534 | €144,921 | +€62,387 | +75.6% |
| Trade receivables | 40 | €19,286 | €90,845 | +€71,559 | +371.0% |
| Other amounts receivable | 41 | €63,248 | €54,075 | -€9,172 | -14.5% |
| Cash at bank and in hand | 54/58 | €33,398 | €26,209 | -€7,189 | -21.5% |
| Deferred charges and accrued income | 490/1 | - | €65 | +€65 | |
| Total equity and liabilities | 10/49 | €199,473 | €255,715 | +€56,242 | +28.2% |
| Equity | 10/15 | €132,687 | €138,551 | +€5,864 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €114,087 | €119,951 | +€5,864 | +5.1% |
| Amounts payable | 17/49 | €66,786 | €117,164 | +€50,378 | +75.4% |
| Amounts payable within one year | 42/48 | €66,786 | €117,164 | +€50,378 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,224 | +€2,224 | |
| Trade debts | 44 | €32,949 | €87,349 | +€54,400 | +165.1% |
| Suppliers | 440/4 | €32,949 | €87,349 | +€54,400 | +165.1% |
| Taxes, remuneration and social security | 45 | €33,383 | €27,591 | -€5,792 | -17.4% |
| Taxes | 450/3 | €20,517 | €12,455 | -€8,062 | -39.3% |
| Remuneration and social security | 454/9 | €12,866 | €15,136 | +€2,270 | +17.6% |
| Other amounts payable | 47/48 | €454 | - | -€454 | |
| Remuneration, social security and pensions | 62 | €233,980 | €257,558 | +€23,578 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,789 | €33,821 | +€8,032 | +31.1% |
| Other operating charges | 640/8 | €4,230 | €13,955 | +€9,725 | +229.9% |
| Gross operating margin | 9900 | €318,724 | €319,669 | +€945 | +0.3% |
| Operating profit (loss) | 9901 | €54,725 | €14,335 | -€40,390 | -73.8% |
| Financial income | 75/76B | €2,066 | €111 | -€1,955 | -94.6% |
| Recurring financial income | 75 | €2,066 | €111 | -€1,955 | -94.6% |
| Financial charges | 65/66B | €4,124 | €3,263 | -€861 | -20.9% |
| Recurring financial charges | 65 | €4,124 | €3,263 | -€861 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €52,667 | €11,183 | -€41,484 | -78.8% |
| Income taxes | 67/77 | €16,305 | €5,319 | -€10,987 | -67.4% |
| Profit (loss) for the period | 9904 | €36,362 | €5,864 | -€30,498 | -83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,362 | €5,864 | -€30,498 | -83.9% |
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 10 October 2026 via checked.be.