CAVICA: 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.
CAVICA
Largest movements
- Current investments +€63,313
up €63,313 (+127%), from €50,000 to €113,313
- Cash +€18,030
up €18,030 (+81.0%), from €22,264 to €40,295
mainly Net result for the year (+€61,172) and Depreciation (+€17,402)
- Tangible fixed assets -€15,648
down €15,648 (-24.3%), from €64,496 to €48,848
of which Furniture and vehicles: -€12,926
- Receivables within one year -€5,068
down €5,068 (-17.5%), from €28,975 to €23,907
of which Trade receivables: -€6,044
- Deferred charges and accrued income -€2,364
down €2,364 (-88.7%), from €2,664 to €300
- Profit (loss) carried forward +€61,172
up €61,172 (+59.2%), from €103,376 to €164,548
- Debts after one year -€13,262
down €13,262 (-49.2%), from €26,934 to €13,672
- Tax, wage and social debts +€9,120
up €9,120 (+41.0%), from €22,255 to €31,376
- Gross operating margin +€3,366
up €3,366 (+3.6%), from €92,902 to €96,268
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 | €168,399 | €226,662 | +€58,263 | +34.6% |
| Fixed assets | 21/28 | €64,496 | €48,848 | -€15,648 | -24.3% |
| Tangible fixed assets | 22/27 | €64,496 | €48,848 | -€15,648 | -24.3% |
| Furniture and vehicles | 24 | €42,070 | €29,144 | -€12,926 | -30.7% |
| Other tangible fixed assets | 26 | €22,426 | €19,704 | -€2,722 | -12.1% |
| Current assets | 29/58 | €103,903 | €177,814 | +€73,911 | +71.1% |
| Amounts receivable within one year | 40/41 | €28,975 | €23,907 | -€5,068 | -17.5% |
| Trade receivables | 40 | €28,386 | €22,342 | -€6,044 | -21.3% |
| Other amounts receivable | 41 | €589 | €1,565 | +€976 | +166% |
| Current investments | 50/53 | €50,000 | €113,313 | +€63,313 | +127% |
| Cash at bank and in hand | 54/58 | €22,264 | €40,295 | +€18,030 | +81.0% |
| Deferred charges and accrued income | 490/1 | €2,664 | €300 | -€2,364 | -88.7% |
| Total equity and liabilities | 10/49 | €168,399 | €226,662 | +€58,263 | +34.6% |
| Equity | 10/15 | €104,376 | €165,548 | +€61,172 | +58.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,376 | €164,548 | +€61,172 | +59.2% |
| Amounts payable | 17/49 | €64,024 | €61,114 | -€2,909 | -4.5% |
| Amounts payable after more than one year | 17 | €26,934 | €13,672 | -€13,262 | -49.2% |
| Financial debts | 170/4 | €26,934 | €13,672 | -€13,262 | -49.2% |
| Amounts payable within one year | 42/48 | €37,025 | €47,305 | +€10,280 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €12,864 | €13,262 | +€398 | +3.1% |
| Trade debts | 44 | €1,906 | €2,668 | +€762 | +40.0% |
| Suppliers | 440/4 | €1,906 | €2,668 | +€762 | +40.0% |
| Taxes, remuneration and social security | 45 | €22,255 | €31,376 | +€9,120 | +41.0% |
| Taxes | 450/3 | €22,255 | €31,376 | +€9,120 | +41.0% |
| Accrued charges and deferred income | 492/3 | €64 | €137 | +€72 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,269 | €17,402 | +€133 | +0.8% |
| Other operating charges | 640/8 | €277 | €528 | +€251 | +90.5% |
| Gross operating margin | 9900 | €92,902 | €96,268 | +€3,366 | +3.6% |
| Operating profit (loss) | 9901 | €75,356 | €78,338 | +€2,982 | +4.0% |
| Financial income | 75/76B | €324 | €699 | +€376 | +116% |
| Recurring financial income | 75 | €324 | €699 | +€376 | +116% |
| Financial charges | 65/66B | €1,695 | €1,245 | -€450 | -26.6% |
| Recurring financial charges | 65 | €1,695 | €1,245 | -€450 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €73,984 | €77,792 | +€3,808 | +5.1% |
| Income taxes | 67/77 | €16,044 | €16,620 | +€576 | +3.6% |
| Profit (loss) for the period | 9904 | €57,940 | €61,172 | +€3,232 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,940 | €61,172 | +€3,232 | +5.6% |
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 28 October 2026 via checked.be.