CAVATO: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
CAVATO
Largest movements
- Cash -€48,720
down €48,720 (-52.6%), from €92,684 to €43,964
mainly Contributions, distributions and other (-€108,979) and Receivables within one year (-€10,144)
- Tangible fixed assets -€10,321
down €10,321 (-42.5%), from €24,297 to €13,976
of which Furniture and vehicles: -€9,613
- Receivables within one year +€10,144
up €10,144 (+44.4%), from €22,852 to €32,996
of which Trade receivables: +€17,804
- Reserves -€47,859
down €47,859 (-43.9%), from €108,979 to €61,121
- Debts after one year -€8,927
down €8,927 (-74.7%), from €11,950 to €3,024
- Tax, wage and social debts +€5,480
up €5,480 (+79.8%), from €6,869 to €12,349
- Other debts +€2,272
up €2,272, from €0 to €2,272
- Gross operating margin +€30,436
up €30,436 (+52.0%), from €58,512 to €88,948
- Taxes +€6,361
up €6,361 (+64.4%), from €9,883 to €16,244
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,435 | €91,955 | -€48,480 | -34.5% |
| Fixed assets | 21/28 | €24,297 | €13,976 | -€10,321 | -42.5% |
| Tangible fixed assets | 22/27 | €24,297 | €13,976 | -€10,321 | -42.5% |
| Plant, machinery and equipment | 23 | €2,582 | €1,873 | -€709 | -27.4% |
| Furniture and vehicles | 24 | €21,715 | €12,102 | -€9,613 | -44.3% |
| Current assets | 29/58 | €116,138 | €77,980 | -€38,159 | -32.9% |
| Amounts receivable within one year | 40/41 | €22,852 | €32,996 | +€10,144 | +44.4% |
| Trade receivables | 40 | €15,176 | €32,980 | +€17,804 | +117% |
| Other amounts receivable | 41 | €7,676 | €16 | -€7,661 | -99.8% |
| Cash at bank and in hand | 54/58 | €92,684 | €43,964 | -€48,720 | -52.6% |
| Deferred charges and accrued income | 490/1 | €602 | €1,019 | +€418 | +69.4% |
| Total equity and liabilities | 10/49 | €140,435 | €91,955 | -€48,480 | -34.5% |
| Equity | 10/15 | €110,979 | €63,121 | -€47,859 | -43.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €108,979 | €61,121 | -€47,859 | -43.9% |
| Distributable reserves | 133 | €108,979 | €61,121 | -€47,859 | -43.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,456 | €28,834 | -€621 | -2.1% |
| Amounts payable after more than one year | 17 | €11,950 | €3,024 | -€8,927 | -74.7% |
| Financial debts | 170/4 | €11,950 | €3,024 | -€8,927 | -74.7% |
| Amounts payable within one year | 42/48 | €17,506 | €25,811 | +€8,305 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €8,714 | €8,927 | +€213 | +2.4% |
| Financial debts | 43 | €19 | €0 | -€19 | -100% |
| Other loans | 439 | €19 | €0 | -€19 | -100% |
| Trade debts | 44 | €1,903 | €2,263 | +€360 | +18.9% |
| Suppliers | 440/4 | €1,903 | €2,263 | +€360 | +18.9% |
| Taxes, remuneration and social security | 45 | €6,869 | €12,349 | +€5,480 | +79.8% |
| Taxes | 450/3 | €6,869 | €12,349 | +€5,480 | +79.8% |
| Other amounts payable | 47/48 | €0 | €2,272 | +€2,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,213 | €10,321 | +€109 | +1.1% |
| Other operating charges | 640/8 | €848 | €732 | -€115 | -13.6% |
| Gross operating margin | 9900 | €58,512 | €88,948 | +€30,436 | +52.0% |
| Operating profit (loss) | 9901 | €47,452 | €77,894 | +€30,443 | +64.2% |
| Financial income | 75/76B | €563 | €270 | -€293 | -52.1% |
| Recurring financial income | 75 | €563 | €270 | -€293 | -52.1% |
| Financial charges | 65/66B | €1,015 | €799 | -€215 | -21.2% |
| Recurring financial charges | 65 | €1,015 | €799 | -€215 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €47,000 | €77,365 | +€30,365 | +64.6% |
| Income taxes | 67/77 | €9,883 | €16,244 | +€6,361 | +64.4% |
| Profit (loss) for the period | 9904 | €37,117 | €61,121 | +€24,004 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,117 | €61,121 | +€24,004 | +64.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.