CavHens: 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.
CavHens
Largest movements
- Tangible fixed assets +€100,394
new in 2025: €100,394
of which Leasing and similar rights: +€99,735
- Cash +€72,549
up €72,549 (+360.6%), from €20,120 to €92,669
mainly Debts after one year (+€66,902) and Net result for the year (+€48,444)
- Receivables within one year -€27,188
down €27,188 (-41.1%), from €66,155 to €38,967
of which Trade receivables: -€27,225
- Debts after one year +€66,902
new in 2025: €66,902
- Reserves +€48,444
up €48,444 (+92.0%), from €52,658 to €101,102
- Current portion of long-term debt +€27,983
new in 2025: €27,983
- Depreciation +€15,508
new in 2025: €15,508
- Gross operating margin +€12,884
up €12,884 (+16.7%), from €77,097 to €89,981
- Financial charges +€3,229
up €3,229 (+1065.4%), from €303 to €3,533
- Other operating charges +€3,071
up €3,071 (+2602.3%), from €118 to €3,189
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 | €86,326 | €232,082 | +€145,755 | +168.8% |
| Fixed assets | 21/28 | €51 | €100,445 | +€100,394 | +196812.2% |
| Tangible fixed assets | 22/27 | - | €100,394 | +€100,394 | |
| Leasing and similar rights | 25 | - | €99,735 | +€99,735 | |
| Other tangible fixed assets | 26 | - | €659 | +€659 | |
| Financial fixed assets | 28 | €51 | €51 | = | 0.0% |
| Current assets | 29/58 | €86,275 | €131,637 | +€45,361 | +52.6% |
| Amounts receivable within one year | 40/41 | €66,155 | €38,967 | -€27,188 | -41.1% |
| Trade receivables | 40 | €60,500 | €33,275 | -€27,225 | -45.0% |
| Other amounts receivable | 41 | €5,655 | €5,692 | +€37 | +0.7% |
| Cash at bank and in hand | 54/58 | €20,120 | €92,669 | +€72,549 | +360.6% |
| Total equity and liabilities | 10/49 | €86,326 | €232,082 | +€145,755 | +168.8% |
| Equity | 10/15 | €71,250 | €119,694 | +€48,444 | +68.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €52,658 | €101,102 | +€48,444 | +92.0% |
| Distributable reserves | 133 | €52,658 | €101,102 | +€48,444 | +92.0% |
| Amounts payable | 17/49 | €15,077 | €112,388 | +€97,311 | +645.4% |
| Amounts payable after more than one year | 17 | - | €66,902 | +€66,902 | |
| Financial debts | 170/4 | - | €66,902 | +€66,902 | |
| Amounts payable within one year | 42/48 | €15,077 | €45,486 | +€30,409 | +201.7% |
| Current portion of amounts payable after more than one year | 42 | - | €27,983 | +€27,983 | |
| Trade debts | 44 | €7,107 | €8,906 | +€1,799 | +25.3% |
| Suppliers | 440/4 | €7,107 | €8,906 | +€1,799 | +25.3% |
| Taxes, remuneration and social security | 45 | €5,250 | €5,877 | +€627 | +11.9% |
| Taxes | 450/3 | €5,250 | €5,877 | +€627 | +11.9% |
| Other amounts payable | 47/48 | €2,720 | €2,720 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €15,508 | +€15,508 | |
| Other operating charges | 640/8 | €118 | €3,189 | +€3,071 | +2602.3% |
| Gross operating margin | 9900 | €77,097 | €89,981 | +€12,884 | +16.7% |
| Operating profit (loss) | 9901 | €76,979 | €71,284 | -€5,695 | -7.4% |
| Financial charges | 65/66B | €303 | €3,533 | +€3,229 | +1065.4% |
| Recurring financial charges | 65 | €303 | €3,533 | +€3,229 | +1065.4% |
| Profit (loss) for the period before taxes | 9903 | €76,676 | €67,752 | -€8,924 | -11.6% |
| Income taxes | 67/77 | €19,345 | €19,308 | -€37 | -0.2% |
| Profit (loss) for the period | 9904 | €57,331 | €48,444 | -€8,887 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,331 | €48,444 | -€8,887 | -15.5% |
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.