CAVEL INT.: 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.
CAVEL INT.
Largest movements
- Tangible fixed assets -€24,493
down €24,493 (-8.3%), from €295,967 to €271,474
of which Furniture and vehicles: -€23,649
- Cash -€10,422
down €10,422 (-78.9%), from €13,206 to €2,784
mainly Net result for the year (-€176,340) and Investment in fixed assets (net) (-€14,158)
- Profit (loss) carried forward -€176,340
down €176,340, from €18,273 to -€158,067
- Other debts +€71,984
up €71,984 (+19.0%), from €378,398 to €450,382
- Trade debts +€30,052
up €30,052 (+60.5%), from €49,666 to €79,718
- Debts after one year +€25,682
up €25,682 (+71.4%), from €35,972 to €61,654
of which Other amounts payable: +€40,800
- Tax, wage and social debts +€18,743
up €18,743 (+483%), from €3,882 to €22,625
of which Taxes: +€10,067
- Gross operating margin -€130,385
down €130,385, from €50,723 to -€79,662
- Staff costs +€54,227
new in 2025: €54,227
- Depreciation +€13,491
up €13,491 (+53.6%), from €25,161 to €38,651
- Taxes -€5,143
no longer reported in 2025 (was €5,143)
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 | €514,528 | €477,963 | -€36,565 | -7.1% |
| Fixed assets | 21/28 | €296,150 | €271,657 | -€24,493 | -8.3% |
| Tangible fixed assets | 22/27 | €295,967 | €271,474 | -€24,493 | -8.3% |
| Land and buildings | 22 | €200,008 | €191,858 | -€8,150 | -4.1% |
| Plant, machinery and equipment | 23 | €25,221 | €32,526 | +€7,305 | +29.0% |
| Furniture and vehicles | 24 | €70,738 | €47,089 | -€23,649 | -33.4% |
| Financial fixed assets | 28 | €183 | €183 | = | 0.0% |
| Current assets | 29/58 | €218,378 | €206,306 | -€12,072 | -5.5% |
| Stocks and contracts in progress | 3 | €184,525 | €184,300 | -€225 | -0.1% |
| Stocks | 30/36 | €184,525 | €184,300 | -€225 | -0.1% |
| Amounts receivable within one year | 40/41 | €20,646 | €19,222 | -€1,425 | -6.9% |
| Trade receivables | 40 | €20,646 | €14,898 | -€5,749 | -27.8% |
| Other amounts receivable | 41 | - | €4,324 | +€4,324 | |
| Cash at bank and in hand | 54/58 | €13,206 | €2,784 | -€10,422 | -78.9% |
| Total equity and liabilities | 10/49 | €514,528 | €477,963 | -€36,565 | -7.1% |
| Equity | 10/15 | €28,273 | -€148,067 | -€176,340 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,273 | -€158,067 | -€176,340 | |
| Amounts payable | 17/49 | €486,254 | €626,030 | +€139,775 | +28.7% |
| Amounts payable after more than one year | 17 | €35,972 | €61,654 | +€25,682 | +71.4% |
| Financial debts | 170/4 | €35,972 | €20,854 | -€15,118 | -42.0% |
| Other amounts payable | 178/9 | - | €40,800 | +€40,800 | |
| Amounts payable within one year | 42/48 | €450,282 | €564,376 | +€114,093 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €18,337 | €11,650 | -€6,686 | -36.5% |
| Trade debts | 44 | €49,666 | €79,718 | +€30,052 | +60.5% |
| Suppliers | 440/4 | €49,666 | €79,718 | +€30,052 | +60.5% |
| Taxes, remuneration and social security | 45 | €3,882 | €22,625 | +€18,743 | +483% |
| Taxes | 450/3 | €675 | €10,742 | +€10,067 | +1,492% |
| Remuneration and social security | 454/9 | €3,207 | €11,883 | +€8,676 | +271% |
| Other amounts payable | 47/48 | €378,398 | €450,382 | +€71,984 | +19.0% |
| Non-recurring operating income | 76A | €41,376 | - | -€41,376 | |
| Remuneration, social security and pensions | 62 | - | €54,227 | +€54,227 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,161 | €38,651 | +€13,491 | +53.6% |
| Other operating charges | 640/8 | €1,072 | €831 | -€241 | -22.5% |
| Gross operating margin | 9900 | €50,723 | -€79,662 | -€130,385 | |
| Operating profit (loss) | 9901 | €24,490 | -€173,372 | -€197,862 | |
| Financial income | 75/76B | €127 | €92 | -€35 | -27.9% |
| Recurring financial income | 75 | €127 | €92 | -€35 | -27.9% |
| Financial charges | 65/66B | €2,859 | €3,060 | +€202 | +7.1% |
| Recurring financial charges | 65 | €2,859 | €3,060 | +€202 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €21,759 | -€176,340 | -€198,099 | |
| Income taxes | 67/77 | €5,143 | - | -€5,143 | |
| Profit (loss) for the period | 9904 | €16,616 | -€176,340 | -€192,956 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,616 | -€176,340 | -€192,956 |
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.