çavaria: 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.
çavaria
Largest movements
- Current investments +€4.1m
up €4.1m (+786%), from €525,000 to €4.7m
- Cash +€413,776
up €413,776 (+775%), from €53,405 to €467,181
mainly Contributions, distributions and other (+€4.4m) and Accrued charges and deferred income (+€247,212)
- Receivables within one year -€169,668
down €169,668 (-35.0%), from €484,157 to €314,489
of which Other amounts receivable: -€172,506
- Reserves +€2.6m
up €2.6m (+324%), from €815,188 to €3.5m
- Profit (loss) carried forward +€1.5m
new in 2025: €1.5m
- Accrued charges and deferred income +€247,212
up €247,212 (+41,594%), from €594 to €247,806
- Staff costs +€513,765
up €513,765 (+41.2%), from €1.2m to €1.8m
- Gross operating margin +€203,331
up €203,331 (+14.7%), from €1.4m to €1.6m
- Other operating charges +€24,197
up €24,197 (+1,984%), from €1,220 to €25,416
- Financial income +€18,642
up €18,642 (+143%), from €13,058 to €31,700
of which Financial income: +€17,465
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 | €1,160,251 | €5,521,284 | +€4.4m | +376% |
| Fixed assets | 21/28 | €68,945 | €56,098 | -€12,846 | -18.6% |
| Tangible fixed assets | 22/27 | €63,888 | €51,042 | -€12,846 | -20.1% |
| Plant, machinery and equipment | 23 | €1,876 | €1,371 | -€505 | -26.9% |
| Furniture and vehicles | 24 | €62,012 | €49,671 | -€12,341 | -19.9% |
| Financial fixed assets | 28 | €5,056 | €5,056 | = | 0.0% |
| Current assets | 29/58 | €1,091,306 | €5,465,186 | +€4.4m | +401% |
| Stocks and contracts in progress | 3 | €16,507 | €18,519 | +€2,013 | +12.2% |
| Stocks | 30/36 | €16,507 | €18,519 | +€2,013 | +12.2% |
| Amounts receivable within one year | 40/41 | €484,157 | €314,489 | -€169,668 | -35.0% |
| Trade receivables | 40 | €5,168 | €8,007 | +€2,839 | +54.9% |
| Other amounts receivable | 41 | €478,989 | €306,482 | -€172,506 | -36.0% |
| Current investments | 50/53 | €525,000 | €4,650,334 | +€4.1m | +786% |
| Cash at bank and in hand | 54/58 | €53,405 | €467,181 | +€413,776 | +775% |
| Deferred charges and accrued income | 490/1 | €12,238 | €14,662 | +€2,424 | +19.8% |
| Total equity and liabilities | 10/49 | €1,160,251 | €5,521,284 | +€4.4m | +376% |
| Equity | 10/15 | €815,188 | €4,946,483 | +€4.1m | +507% |
| Reserves | 13 | €815,188 | €3,455,713 | +€2.6m | +324% |
| Profit (loss) carried forward | 14 | - | €1,490,770 | +€1.5m | |
| Provisions and deferred taxes | 16 | €88,376 | €110,515 | +€22,139 | +25.1% |
| Provisions for liabilities and charges | 160/5 | €88,376 | €110,515 | +€22,139 | +25.1% |
| Major repairs and maintenance | 162 | - | €26,311 | +€26,311 | |
| Other liabilities and charges | 164/5 | €88,376 | €84,204 | -€4,172 | -4.7% |
| Amounts payable | 17/49 | €256,687 | €464,286 | +€207,599 | +80.9% |
| Amounts payable within one year | 42/48 | €256,092 | €216,480 | -€39,613 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €2,252 | - | -€2,252 | |
| Trade debts | 44 | €60,040 | €12,390 | -€47,650 | -79.4% |
| Suppliers | 440/4 | €60,040 | €12,390 | -€47,650 | -79.4% |
| Taxes, remuneration and social security | 45 | €116,027 | €187,165 | +€71,138 | +61.3% |
| Taxes | 450/3 | - | €3,646 | +€3,646 | |
| Remuneration and social security | 454/9 | €116,027 | €183,519 | +€67,492 | +58.2% |
| Accrued charges and deferred income | 492/3 | €594 | €247,806 | +€247,212 | +41,594% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Remuneration, social security and pensions | 62 | €1,246,090 | €1,759,855 | +€513,765 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,438 | €36,986 | -€10,452 | -22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,124 | -€1,550 | -€2,675 | |
| Other operating charges | 640/8 | €1,220 | €25,416 | +€24,197 | +1,984% |
| Non-recurring operating charges | 66A | €1,361 | €44,852 | +€43,492 | +3,196% |
| Gross operating margin | 9900 | €1,386,849 | €1,590,179 | +€203,331 | +14.7% |
| Operating profit (loss) | 9901 | €109,617 | -€285,319 | -€394,936 | |
| Financial income | 75/76B | €13,058 | €31,700 | +€18,642 | +143% |
| Recurring financial income | 75 | €13,058 | €30,523 | +€17,465 | +134% |
| Non-recurring financial income | 76B | - | €1,177 | +€1,177 | |
| Financial charges | 65/66B | €1,657 | €5,553 | +€3,896 | +235% |
| Recurring financial charges | 65 | €1,657 | €5,553 | +€3,896 | +235% |
| Profit (loss) for the period before taxes | 9903 | €121,018 | -€259,172 | -€380,190 | |
| Profit (loss) for the period | 9904 | €121,018 | -€259,172 | -€380,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €121,018 | -€259,172 | -€380,190 |
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 15 October 2026 via checked.be.