Cavian: 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.
Cavian
Largest movements
- Cash -€51,929
down €51,929 (-58.9%), from €88,142 to €36,212
mainly Debts after one year (-€51,230) and Stocks and contracts (-€20,091)
- Tangible fixed assets -€50,299
down €50,299 (-15.5%), from €324,413 to €274,114
of which Other tangible fixed assets: -€52,421
- Stocks and contracts +€20,091
up €20,091 (+44.7%), from €44,945 to €65,036
- Receivables within one year +€7,938
up €7,938 (+12.3%), from €64,371 to €72,309
of which Other amounts receivable: +€10,969
- Debts after one year -€51,230
down €51,230 (-20.4%), from €250,584 to €199,354
- Trade debts -€15,104
down €15,104 (-9.4%), from €161,395 to €146,291
- Profit (loss) carried forward -€10,835
down €10,835 (-26.3%), from €41,189 to €30,354
- Staff costs +€52,574
up €52,574 (+42.9%), from €122,449 to €175,023
- Gross operating margin +€7,292
up €7,292 (+3.1%), from €237,721 to €245,013
- Taxes -€4,557
down €4,557 (-83.7%), from €5,442 to €885
- Financial income +€2,510
up €2,510 (+197.0%), from €1,274 to €3,785
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 | €527,091 | €455,007 | -€72,083 | -13.7% |
| Fixed assets | 21/28 | €324,798 | €274,249 | -€50,549 | -15.6% |
| Tangible fixed assets | 22/27 | €324,413 | €274,114 | -€50,299 | -15.5% |
| Plant, machinery and equipment | 23 | €6,726 | €10,747 | +€4,021 | +59.8% |
| Furniture and vehicles | 24 | €22,115 | €20,216 | -€1,900 | -8.6% |
| Other tangible fixed assets | 26 | €295,572 | €243,151 | -€52,421 | -17.7% |
| Financial fixed assets | 28 | €385 | €135 | -€250 | -64.9% |
| Current assets | 29/58 | €202,293 | €180,758 | -€21,534 | -10.6% |
| Stocks and contracts in progress | 3 | €44,945 | €65,036 | +€20,091 | +44.7% |
| Stocks | 30/36 | €44,945 | €65,036 | +€20,091 | +44.7% |
| Amounts receivable within one year | 40/41 | €64,371 | €72,309 | +€7,938 | +12.3% |
| Trade receivables | 40 | €11,531 | €8,500 | -€3,031 | -26.3% |
| Other amounts receivable | 41 | €52,840 | €63,809 | +€10,969 | +20.8% |
| Cash at bank and in hand | 54/58 | €88,142 | €36,212 | -€51,929 | -58.9% |
| Deferred charges and accrued income | 490/1 | €4,835 | €7,201 | +€2,366 | +48.9% |
| Total equity and liabilities | 10/49 | €527,091 | €455,007 | -€72,083 | -13.7% |
| Equity | 10/15 | €41,189 | €30,354 | -€10,835 | -26.3% |
| Profit (loss) carried forward | 14 | €41,189 | €30,354 | -€10,835 | -26.3% |
| Amounts payable | 17/49 | €485,902 | €424,653 | -€61,249 | -12.6% |
| Amounts payable after more than one year | 17 | €250,584 | €199,354 | -€51,230 | -20.4% |
| Financial debts | 170/4 | €250,584 | €199,354 | -€51,230 | -20.4% |
| Amounts payable within one year | 42/48 | €235,318 | €225,300 | -€10,018 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €49,379 | €51,230 | +€1,852 | +3.8% |
| Trade debts | 44 | €161,395 | €146,291 | -€15,104 | -9.4% |
| Suppliers | 440/4 | €161,395 | €146,291 | -€15,104 | -9.4% |
| Taxes, remuneration and social security | 45 | €24,544 | €27,778 | +€3,234 | +13.2% |
| Taxes | 450/3 | €5,033 | €190 | -€4,843 | -96.2% |
| Remuneration and social security | 454/9 | €19,511 | €27,588 | +€8,077 | +41.4% |
| Remuneration, social security and pensions | 62 | €122,449 | €175,023 | +€52,574 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,122 | €63,027 | +€1,905 | +3.1% |
| Other operating charges | 640/8 | €2,961 | €2,798 | -€164 | -5.5% |
| Gross operating margin | 9900 | €237,721 | €245,013 | +€7,292 | +3.1% |
| Operating profit (loss) | 9901 | €51,189 | €4,166 | -€47,023 | -91.9% |
| Financial income | 75/76B | €1,274 | €3,785 | +€2,510 | +197.0% |
| Recurring financial income | 75 | €1,274 | €3,785 | +€2,510 | +197.0% |
| Financial charges | 65/66B | €16,584 | €17,901 | +€1,316 | +7.9% |
| Recurring financial charges | 65 | €16,584 | €17,901 | +€1,316 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €35,879 | -€9,950 | -€45,829 | |
| Income taxes | 67/77 | €5,442 | €885 | -€4,557 | -83.7% |
| Profit (loss) for the period | 9904 | €30,437 | -€10,835 | -€41,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,437 | -€10,835 | -€41,271 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.