CAVEA: what changed
Two fiscal 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.
CAVEA
Largest movements
- Cash +€3,131
up €3,131 (+20.5%), from €15,293 to €18,425
mainly Net result for the year (+€9,066) and Tax, wage and social debts (+€1,774)
- Receivables within one year +€664
up €664 (+29.8%), from €2,228 to €2,892
of which Trade receivables: +€1,262
- Tangible fixed assets -€485
down €485 (-100.0%), from €485 to €0
of which Furniture and vehicles: -€485
- Deferred charges and accrued income -€241
down €241 (-34.0%), from €709 to €468
- Reserves +€8,164
new in 2025: €8,164
- Debts after one year -€5,353
down €5,353 (-100.0%), from €5,353 to €0
- Tax, wage and social debts +€1,774
up €1,774 (+318.4%), from €557 to €2,331
of which Taxes: +€1,774
- Trade debts -€1,024
down €1,024 (-33.6%), from €3,051 to €2,027
- Other debts -€1,013
down €1,013 (-21.0%), from €4,821 to €3,809
- Gross operating margin -€6,071
down €6,071 (-28.7%), from €21,116 to €15,046
- Taxes -€1,752
down €1,752 (-29.5%), from €5,936 to €4,184
- Depreciation -€1,339
down €1,339 (-73.4%), from €1,825 to €485
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 | €18,715 | €21,784 | +€3,069 | +16.4% |
| Fixed assets | 21/28 | €485 | €0 | -€485 | -100.0% |
| Tangible fixed assets | 22/27 | €485 | €0 | -€485 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €485 | €0 | -€485 | -100.0% |
| Current assets | 29/58 | €18,229 | €21,784 | +€3,555 | +19.5% |
| Amounts receivable within one year | 40/41 | €2,228 | €2,892 | +€664 | +29.8% |
| Trade receivables | 40 | €1,314 | €2,576 | +€1,262 | +96.0% |
| Other amounts receivable | 41 | €914 | €316 | -€598 | -65.4% |
| Cash at bank and in hand | 54/58 | €15,293 | €18,425 | +€3,131 | +20.5% |
| Deferred charges and accrued income | 490/1 | €709 | €468 | -€241 | -34.0% |
| Total equity and liabilities | 10/49 | €18,715 | €21,784 | +€3,069 | +16.4% |
| Equity | 10/15 | -€802 | €8,264 | +€9,066 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | - | €8,164 | +€8,164 | |
| Distributable reserves | 133 | - | €8,164 | +€8,164 | |
| Profit (loss) carried forward | 14 | -€902 | €0 | +€902 | |
| Amounts payable | 17/49 | €19,517 | €13,520 | -€5,997 | -30.7% |
| Amounts payable after more than one year | 17 | €5,353 | €0 | -€5,353 | -100.0% |
| Financial debts | 170/4 | €5,353 | €0 | -€5,353 | -100.0% |
| Amounts payable within one year | 42/48 | €14,164 | €13,520 | -€644 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €5,734 | €5,353 | -€381 | -6.6% |
| Trade debts | 44 | €3,051 | €2,027 | -€1,024 | -33.6% |
| Suppliers | 440/4 | €3,051 | €2,027 | -€1,024 | -33.6% |
| Taxes, remuneration and social security | 45 | €557 | €2,331 | +€1,774 | +318.4% |
| Taxes | 450/3 | €557 | €2,331 | +€1,774 | +318.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,821 | €3,809 | -€1,013 | -21.0% |
| Non-recurring operating income | 76A | €15,611 | €0 | -€15,611 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €485 | -€1,339 | -73.4% |
| Other operating charges | 640/8 | €1,029 | €1,007 | -€23 | -2.2% |
| Gross operating margin | 9900 | €21,116 | €15,046 | -€6,071 | -28.7% |
| Operating profit (loss) | 9901 | €18,262 | €13,553 | -€4,709 | -25.8% |
| Financial income | 75/76B | €0 | €18 | +€18 | |
| Recurring financial income | 75 | €0 | €18 | +€18 | |
| Financial charges | 65/66B | €441 | €321 | -€119 | -27.1% |
| Recurring financial charges | 65 | €441 | €321 | -€119 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €17,821 | €13,250 | -€4,571 | -25.7% |
| Income taxes | 67/77 | €5,936 | €4,184 | -€1,752 | -29.5% |
| Profit (loss) for the period | 9904 | €11,885 | €9,066 | -€2,819 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,885 | €9,066 | -€2,819 | -23.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.