CAVAST: 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.
CAVAST
Largest movements
- Cash -€86,231
down €86,231 (-78.1%), from €110,412 to €24,181
mainly Current investments (-€75,000) and Contributions, distributions and other (-€12,524)
- Current investments +€75,000
new in 2025: €75,000
- Tangible fixed assets -€5,925
down €5,925 (-20.5%), from €28,837 to €22,912
of which Furniture and vehicles: -€3,785
- Deferred charges and accrued income +€3,532
up €3,532 (+5,698%), from €62 to €3,594
- Reserves -€12,524
down €12,524 (-24.8%), from €50,495 to €37,971
- Profit (loss) carried forward -€8,004
down €8,004 (-10.4%), from €77,038 to €69,034
- Other debts +€5,879
up €5,879 (+15,483%), from €38 to €5,917
- Current portion of long-term debt -€3,609
down €3,609 (-40.1%), from €9,000 to €5,391
- Debts after one year +€3,519
up €3,519 (+78.2%), from €4,500 to €8,019
- Gross operating margin +€15,079
up €15,079, from -€8,295 to €6,784
- Financial charges -€627
down €627 (-45.0%), from €1,391 to €765
- Depreciation -€278
down €278 (-1.7%), from €16,466 to €16,188
- Financial income +€124
up €124 (+4.6%), from €2,701 to €2,825
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 | €144,024 | €130,636 | -€13,387 | -9.3% |
| Fixed assets | 21/28 | €28,837 | €22,912 | -€5,925 | -20.5% |
| Tangible fixed assets | 22/27 | €28,837 | €22,912 | -€5,925 | -20.5% |
| Land and buildings | 22 | €4,347 | €3,019 | -€1,327 | -30.5% |
| Plant, machinery and equipment | 23 | €2,662 | €1,849 | -€814 | -30.6% |
| Furniture and vehicles | 24 | €21,828 | €18,044 | -€3,785 | -17.3% |
| Current assets | 29/58 | €115,186 | €107,724 | -€7,462 | -6.5% |
| Amounts receivable within one year | 40/41 | €4,713 | €4,950 | +€237 | +5.0% |
| Other amounts receivable | 41 | €4,713 | €4,950 | +€237 | +5.0% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €110,412 | €24,181 | -€86,231 | -78.1% |
| Deferred charges and accrued income | 490/1 | €62 | €3,594 | +€3,532 | +5,698% |
| Total equity and liabilities | 10/49 | €144,024 | €130,636 | -€13,387 | -9.3% |
| Equity | 10/15 | €130,033 | €109,505 | -€20,528 | -15.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €50,495 | €37,971 | -€12,524 | -24.8% |
| Distributable reserves | 133 | €50,495 | €37,971 | -€12,524 | -24.8% |
| Profit (loss) carried forward | 14 | €77,038 | €69,034 | -€8,004 | -10.4% |
| Amounts payable | 17/49 | €13,991 | €21,132 | +€7,141 | +51.0% |
| Amounts payable after more than one year | 17 | €4,500 | €8,019 | +€3,519 | +78.2% |
| Financial debts | 170/4 | €4,500 | €8,019 | +€3,519 | +78.2% |
| Amounts payable within one year | 42/48 | €9,491 | €13,113 | +€3,622 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €9,000 | €5,391 | -€3,609 | -40.1% |
| Trade debts | 44 | €453 | €1,805 | +€1,352 | +299% |
| Suppliers | 440/4 | €453 | €1,805 | +€1,352 | +299% |
| Other amounts payable | 47/48 | €38 | €5,917 | +€5,879 | +15,483% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,466 | €16,188 | -€278 | -1.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€8,295 | €6,784 | +€15,079 | |
| Operating profit (loss) | 9901 | -€25,266 | -€9,923 | +€15,343 | +60.7% |
| Financial income | 75/76B | €2,701 | €2,825 | +€124 | +4.6% |
| Recurring financial income | 75 | €2,701 | €2,825 | +€124 | +4.6% |
| Financial charges | 65/66B | €1,391 | €765 | -€627 | -45.0% |
| Recurring financial charges | 65 | €1,391 | €765 | -€627 | -45.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,956 | -€7,863 | +€16,093 | +67.2% |
| Income taxes | 67/77 | €152 | €141 | -€11 | -7.1% |
| Profit (loss) for the period | 9904 | -€24,108 | -€8,004 | +€16,104 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,108 | -€8,004 | +€16,104 | +66.8% |
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 16 October 2026 via checked.be.