CAVELLE: 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.
CAVELLE
Largest movements
- Cash -€30,172
down €30,172 (-71.1%), from €42,462 to €12,289
mainly Net result for the year (-€22,622) and Trade debts (-€11,958)
- Receivables within one year -€5,432
down €5,432 (-26.1%), from €20,779 to €15,347
of which Trade receivables: -€9,646
- Profit (loss) carried forward -€22,622
new in 2025: -€22,622
- Trade debts -€11,958
down €11,958 (-63.6%), from €18,799 to €6,841
- Gross operating margin -€65,576
down €65,576, from €47,414 to -€18,162
- Taxes -€14,296
down €14,296 (-98.4%), from €14,533 to €238
- Depreciation +€1,030
up €1,030 (+54.5%), from €1,891 to €2,921
- Write-downs +€944
new in 2025: €944
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 | €73,526 | €38,949 | -€34,577 | -47.0% |
| Fixed assets | 21/28 | €9,724 | €10,459 | +€735 | +7.6% |
| Tangible fixed assets | 22/27 | €9,724 | €10,459 | +€735 | +7.6% |
| Plant, machinery and equipment | 23 | €6,688 | €5,904 | -€785 | -11.7% |
| Furniture and vehicles | 24 | €737 | €2,400 | +€1,663 | +225.6% |
| Other tangible fixed assets | 26 | €2,299 | €2,155 | -€143 | -6.2% |
| Current assets | 29/58 | €63,802 | €28,490 | -€35,312 | -55.3% |
| Amounts receivable within one year | 40/41 | €20,779 | €15,347 | -€5,432 | -26.1% |
| Trade receivables | 40 | €9,646 | - | -€9,646 | |
| Other amounts receivable | 41 | €11,133 | €15,347 | +€4,214 | +37.9% |
| Cash at bank and in hand | 54/58 | €42,462 | €12,289 | -€30,172 | -71.1% |
| Deferred charges and accrued income | 490/1 | €561 | €854 | +€293 | +52.3% |
| Total equity and liabilities | 10/49 | €73,526 | €38,949 | -€34,577 | -47.0% |
| Equity | 10/15 | €51,496 | €28,874 | -€22,622 | -43.9% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €45,196 | €45,196 | = | 0.0% |
| Distributable reserves | 133 | €45,196 | €45,196 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,622 | -€22,622 | |
| Amounts payable | 17/49 | €22,030 | €10,076 | -€11,954 | -54.3% |
| Amounts payable within one year | 42/48 | €22,030 | €10,076 | -€11,954 | -54.3% |
| Trade debts | 44 | €18,799 | €6,841 | -€11,958 | -63.6% |
| Suppliers | 440/4 | €18,799 | €6,841 | -€11,958 | -63.6% |
| Taxes, remuneration and social security | 45 | €3,231 | €3,235 | +€4 | +0.1% |
| Taxes | 450/3 | €3,231 | €3,235 | +€4 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,891 | €2,921 | +€1,030 | +54.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €944 | +€944 | |
| Other operating charges | 640/8 | €522 | €545 | +€23 | +4.4% |
| Gross operating margin | 9900 | €47,414 | -€18,162 | -€65,576 | |
| Operating profit (loss) | 9901 | €45,001 | -€22,572 | -€67,573 | |
| Financial income | 75/76B | €442 | €381 | -€60 | -13.7% |
| Recurring financial income | 75 | €442 | €381 | -€60 | -13.7% |
| Financial charges | 65/66B | €284 | €194 | -€90 | -31.7% |
| Recurring financial charges | 65 | €284 | €194 | -€90 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €45,159 | -€22,385 | -€67,544 | |
| Income taxes | 67/77 | €14,533 | €238 | -€14,296 | -98.4% |
| Profit (loss) for the period | 9904 | €30,626 | -€22,622 | -€53,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,626 | -€22,622 | -€53,248 |
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 10 October 2026 via checked.be.