CAVARA: 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.
CAVARA
Largest movements
- Tangible fixed assets +€79,698
up €79,698 (+215%), from €37,127 to €116,825
of which Land and buildings: +€95,134
- Cash +€38,326
up €38,326 (+34.1%), from €112,310 to €150,637
mainly Net result for the year (+€123,127) and Debts after one year (+€64,500)
- Financial fixed assets +€33,163
up €33,163 (+3.8%), from €865,800 to €898,963
- Receivables within one year -€14,822
down €14,822 (-80.9%), from €18,328 to €3,506
of which Other amounts receivable: -€8,822
- Profit (loss) carried forward +€88,127
up €88,127 (+15.7%), from €559,619 to €647,747
- Debts after one year +€64,500
new in 2025: €64,500
- Other debts -€38,292
down €38,292 (-52.2%), from €73,292 to €35,000
- Trade debts +€16,925
up €16,925 (+466%), from €3,632 to €20,557
- Financial income -€240,000
down €240,000 (-71.4%), from €336,000 to €96,000
- Gross operating margin +€40,485
up €40,485 (+142%), from €28,474 to €68,959
- Staff costs +€14,972
new in 2025: €14,972
- Financial charges -€11,946
down €11,946 (-95.6%), from €12,494 to €548
- Taxes +€9,120
up €9,120 (+341%), from €2,672 to €11,792
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 | €1,033,594 | €1,170,012 | +€136,418 | +13.2% |
| Fixed assets | 21/28 | €902,927 | €1,015,788 | +€112,861 | +12.5% |
| Tangible fixed assets | 22/27 | €37,127 | €116,825 | +€79,698 | +215% |
| Land and buildings | 22 | - | €95,134 | +€95,134 | |
| Furniture and vehicles | 24 | €37,127 | €21,691 | -€15,436 | -41.6% |
| Financial fixed assets | 28 | €865,800 | €898,963 | +€33,163 | +3.8% |
| Current assets | 29/58 | €130,667 | €154,224 | +€23,556 | +18.0% |
| Amounts receivable within one year | 40/41 | €18,328 | €3,506 | -€14,822 | -80.9% |
| Trade receivables | 40 | €6,000 | - | -€6,000 | |
| Other amounts receivable | 41 | €12,328 | €3,506 | -€8,822 | -71.6% |
| Cash at bank and in hand | 54/58 | €112,310 | €150,637 | +€38,326 | +34.1% |
| Deferred charges and accrued income | 490/1 | €29 | €81 | +€52 | +182% |
| Total equity and liabilities | 10/49 | €1,033,594 | €1,170,012 | +€136,418 | +13.2% |
| Equity | 10/15 | €955,619 | €1,043,747 | +€88,127 | +9.2% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Capital | 10 | €360,000 | €360,000 | = | 0.0% |
| Issued capital | 100 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,000 | €36,000 | = | 0.0% |
| Legal reserve | 130 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €559,619 | €647,747 | +€88,127 | +15.7% |
| Amounts payable | 17/49 | €77,975 | €126,265 | +€48,290 | +61.9% |
| Amounts payable after more than one year | 17 | - | €64,500 | +€64,500 | |
| Financial debts | 170/4 | - | €64,500 | +€64,500 | |
| Amounts payable within one year | 42/48 | €77,975 | €61,765 | -€16,210 | -20.8% |
| Trade debts | 44 | €3,632 | €20,557 | +€16,925 | +466% |
| Suppliers | 440/4 | €3,632 | €20,557 | +€16,925 | +466% |
| Taxes, remuneration and social security | 45 | €1,051 | €6,208 | +€5,157 | +491% |
| Taxes | 450/3 | €1,051 | €3,367 | +€2,316 | +220% |
| Remuneration and social security | 454/9 | - | €2,841 | +€2,841 | |
| Other amounts payable | 47/48 | €73,292 | €35,000 | -€38,292 | -52.2% |
| Remuneration, social security and pensions | 62 | - | €14,972 | +€14,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,998 | €9,154 | -€844 | -8.4% |
| Other operating charges | 640/8 | €1,438 | €5,365 | +€3,928 | +273% |
| Gross operating margin | 9900 | €28,474 | €68,959 | +€40,485 | +142% |
| Operating profit (loss) | 9901 | €17,038 | €39,468 | +€22,430 | +132% |
| Financial income | 75/76B | €336,000 | €96,000 | -€240,000 | -71.4% |
| Recurring financial income | 75 | €336,000 | €96,000 | -€240,000 | -71.4% |
| Financial charges | 65/66B | €12,494 | €548 | -€11,946 | -95.6% |
| Recurring financial charges | 65 | €12,494 | €548 | -€11,946 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | €340,544 | €134,920 | -€205,624 | -60.4% |
| Income taxes | 67/77 | €2,672 | €11,792 | +€9,120 | +341% |
| Profit (loss) for the period | 9904 | €337,872 | €123,127 | -€214,744 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €337,872 | €123,127 | -€214,744 | -63.6% |
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 25 October 2026 via checked.be.