CAVELIN: 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.
CAVELIN
Largest movements
- Cash +€25,977
up €25,977 (+65.8%), from €39,487 to €65,464
mainly Net result for the year (+€33,372) and Trade debts (+€10,188)
- Receivables within one year +€18,286
up €18,286 (+189.3%), from €9,660 to €27,946
of which Trade receivables: +€18,044
- Stocks and contracts +€9,352
up €9,352 (+31.4%), from €29,828 to €39,180
- Tangible fixed assets -€3,921
down €3,921 (-14.2%), from €27,561 to €23,640
of which Furniture and vehicles: -€3,037
- Deferred charges and accrued income +€3,130
up €3,130 (+1701.2%), from €184 to €3,314
- Reserves +€14,000
up €14,000 (+752.7%), from €1,860 to €15,860
- Trade debts +€10,188
up €10,188 (+34.1%), from €29,846 to €40,034
- Other debts +€10,000
new in 2025: €10,000
- Profit (loss) carried forward +€9,371
up €9,371 (+20.1%), from €46,547 to €55,918
- Tax, wage and social debts +€9,264
up €9,264 (+58.4%), from €15,867 to €25,131
of which Taxes: +€5,484
- Turnover -€521,429
no longer reported in 2025 (was €521,429)
- Purchases and services -€404,429
no longer reported in 2025 (was €404,429)
- Gross operating margin +€56,108
up €56,108 (+48.0%), from €117,000 to €173,108
- Taxes +€15,809
up €15,809 (+491.7%), from €3,215 to €19,024
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 | €106,770 | €159,594 | +€52,824 | +49.5% |
| Fixed assets | 21/28 | €27,611 | €23,690 | -€3,921 | -14.2% |
| Tangible fixed assets | 22/27 | €27,561 | €23,640 | -€3,921 | -14.2% |
| Plant, machinery and equipment | 23 | €5,595 | €4,711 | -€884 | -15.8% |
| Furniture and vehicles | 24 | €11,280 | €8,243 | -€3,037 | -26.9% |
| Other tangible fixed assets | 26 | €10,686 | €10,686 | +€0 | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €79,159 | €135,904 | +€56,745 | +71.7% |
| Stocks and contracts in progress | 3 | €29,828 | €39,180 | +€9,352 | +31.4% |
| Stocks | 30/36 | €29,828 | €39,180 | +€9,352 | +31.4% |
| Amounts receivable within one year | 40/41 | €9,660 | €27,946 | +€18,286 | +189.3% |
| Trade receivables | 40 | €2,910 | €20,954 | +€18,044 | +620.1% |
| Other amounts receivable | 41 | €6,750 | €6,992 | +€242 | +3.6% |
| Cash at bank and in hand | 54/58 | €39,487 | €65,464 | +€25,977 | +65.8% |
| Deferred charges and accrued income | 490/1 | €184 | €3,314 | +€3,130 | +1701.2% |
| Total equity and liabilities | 10/49 | €106,770 | €159,594 | +€52,824 | +49.5% |
| Equity | 10/15 | €60,807 | €84,178 | +€23,371 | +38.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €15,860 | +€14,000 | +752.7% |
| Distributable reserves | 133 | €1,860 | €15,860 | +€14,000 | +752.7% |
| Profit (loss) carried forward | 14 | €46,547 | €55,918 | +€9,371 | +20.1% |
| Amounts payable | 17/49 | €45,963 | €75,416 | +€29,453 | +64.1% |
| Amounts payable within one year | 42/48 | €45,963 | €75,416 | +€29,453 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | - | €250 | +€250 | |
| Financial debts | 43 | €250 | - | -€250 | |
| Credit institutions | 430/8 | €250 | - | -€250 | |
| Trade debts | 44 | €29,846 | €40,034 | +€10,188 | +34.1% |
| Suppliers | 440/4 | €29,846 | €40,034 | +€10,188 | +34.1% |
| Taxes, remuneration and social security | 45 | €15,867 | €25,131 | +€9,264 | +58.4% |
| Taxes | 450/3 | €1,686 | €7,170 | +€5,484 | +325.2% |
| Remuneration and social security | 454/9 | €14,181 | €17,962 | +€3,781 | +26.7% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Turnover | 70 | €521,429 | - | -€521,429 | |
| Goods, raw materials, services and sundry goods | 60/61 | €404,429 | - | -€404,429 | |
| Remuneration, social security and pensions | 62 | €107,146 | €104,837 | -€2,309 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,141 | €7,931 | -€1,210 | -13.2% |
| Other operating charges | 640/8 | €1,243 | €1,935 | +€692 | +55.7% |
| Gross operating margin | 9900 | €117,000 | €173,108 | +€56,108 | +48.0% |
| Operating profit (loss) | 9901 | -€530 | €58,406 | +€58,936 | |
| Financial income | 75/76B | €107 | €55 | -€52 | -48.6% |
| Recurring financial income | 75 | €107 | €55 | -€52 | -48.6% |
| Financial charges | 65/66B | €1,204 | €6,065 | +€4,861 | +403.7% |
| Recurring financial charges | 65 | €1,204 | €6,065 | +€4,861 | +403.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,627 | €52,396 | +€54,023 | |
| Income taxes | 67/77 | €3,215 | €19,024 | +€15,809 | +491.7% |
| Profit (loss) for the period | 9904 | -€4,842 | €33,372 | +€38,214 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,842 | €33,372 | +€38,214 |
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 3 October 2026 via checked.be.