Cavila: 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.
What changed
Cavila
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€180,899
2024 · -€73,078-€107,821
Equity
€13.4m
2024 · €13.6m-€180,899
Cash
€17,628
2024 · €124,449-€106,821
Balance sheet total
€20.0m
2024 · €19.3m+€677,037
Largest movements
Assets
- Receivables within one year +€328,349
up €328,349 (+197.5%), from €166,220 to €494,569
of which Other amounts receivable: +€288,904
- Tangible fixed assets +€296,104
up €296,104 (+2.1%), from €14.1m to €14.4m
of which Land and buildings: +€367,463
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+382.2%), from €495,787 to €2.4m
- Short-term financial debts -€1.4m
down €1.4m (-67.4%), from €2.0m to €658,333
- Other debts +€426,543
up €426,543 (+267.8%), from €159,266 to €585,808
- Provisions -€250,913
down €250,913 (-8.7%), from €2.9m to €2.6m
of which Provisions for liabilities and charges: -€140,000
Income statement
- Provisions -€140,000
new in 2025: -€140,000
- Financial charges +€109,192
up €109,192 (+261.0%), from €41,834 to €151,026
- Gross operating margin +€62,384
up €62,384 (+12.3%), from €506,094 to €568,478
- Depreciation +€56,349
up €56,349 (+9.7%), from €579,491 to €635,840
- Other operating charges +€28,510
up €28,510 (+43.5%), from €65,593 to €94,103
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.
Result 2024
-€73,078
Gross operating margin
+€62,384
Depreciation
-€56,349
Provisions
+€140,000
Other operating charges
-€28,510
Other operating items
-€94,713
Financial income
-€4,773
Financial charges
-€109,192
Taxes
-€23,844
Deferred taxes and other
+€7,178
Result 2025
-€180,899
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.
From operations
+€283,382
Investment
-€926,745
Financing
+€536,541
Cash 2024
€124,449
From operations (derived)
+€283,382
Net result for the year
-€180,899
Depreciation
+€635,840
Receivables after one year
-€150,000
Receivables within one year
-€328,349
Deferred charges and accrued income
-€14,604
Provisions
-€250,913
Trade debts
+€34,878
Tax, wage and social debts
+€22,928
Other debts
+€426,543
Accrued charges and deferred income
+€87,958
Investment (derived)
-€926,745
Investment in fixed assets (net)
-€926,745
Financing
+€536,541
Debts after one year
+€1.9m
Short-term financial debts
-€1.4m
Cash 2025
€17,628
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,303,674 | €19,980,711 | +€677,037 | +3.5% |
| Fixed assets | 21/28 | €17,080,152 | €17,371,057 | +€290,904 | +1.7% |
| Tangible fixed assets | 22/27 | €14,062,411 | €14,358,515 | +€296,104 | +2.1% |
| Land and buildings | 22 | €13,754,813 | €14,122,276 | +€367,463 | +2.7% |
| Plant, machinery and equipment | 23 | €34,922 | €30,548 | -€4,374 | -12.5% |
| Furniture and vehicles | 24 | €272,675 | €205,690 | -€66,985 | -24.6% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €3,017,742 | €3,012,542 | -€5,200 | -0.2% |
| Current assets | 29/58 | €2,223,522 | €2,609,654 | +€386,132 | +17.4% |
| Amounts receivable after more than one year | 29 | €1,789,994 | €1,939,994 | +€150,000 | +8.4% |
| Other amounts receivable | 291 | €1,789,994 | €1,939,994 | +€150,000 | +8.4% |
| Amounts receivable within one year | 40/41 | €166,220 | €494,569 | +€328,349 | +197.5% |
| Trade receivables | 40 | €11,323 | €50,768 | +€39,445 | +348.4% |
| Other amounts receivable | 41 | €154,897 | €443,801 | +€288,904 | +186.5% |
| Cash at bank and in hand | 54/58 | €124,449 | €17,628 | -€106,821 | -85.8% |
| Deferred charges and accrued income | 490/1 | €142,859 | €157,464 | +€14,604 | +10.2% |
| Total equity and liabilities | 10/49 | €19,303,674 | €19,980,711 | +€677,037 | +3.5% |
| Equity | 10/15 | €13,600,278 | €13,419,379 | -€180,899 | -1.3% |
| Contributions | 10/11 | €2,236,680 | €2,236,680 | = | 0.0% |
| Capital | 10 | €2,236,680 | €2,236,680 | = | 0.0% |
| Issued capital | 100 | €2,236,680 | €2,236,680 | = | 0.0% |
| Reserves | 13 | €8,653,912 | €8,473,013 | -€180,899 | -2.1% |
| Non-distributable reserves | 130/1 | €223,668 | €223,668 | = | 0.0% |
| Legal reserve | 130 | €223,668 | €223,668 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,192,118 | €7,859,380 | -€332,738 | -4.1% |
| Distributable reserves | 133 | €238,126 | €389,965 | +€151,839 | +63.8% |
| Profit (loss) carried forward | 14 | €2,709,685 | €2,709,685 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,870,706 | €2,619,793 | -€250,913 | -8.7% |
| Provisions for liabilities and charges | 160/5 | €140,000 | €0 | -€140,000 | -100.0% |
| Environmental obligations | 163 | €140,000 | €0 | -€140,000 | -100.0% |
| Deferred taxes | 168 | €2,730,706 | €2,619,793 | -€110,913 | -4.1% |
| Amounts payable | 17/49 | €2,832,690 | €3,941,539 | +€1.1m | +39.1% |
| Amounts payable after more than one year | 17 | €495,787 | €2,390,787 | +€1.9m | +382.2% |
| Financial debts | 170/4 | €495,787 | €2,390,787 | +€1.9m | +382.2% |
| Amounts payable within one year | 42/48 | €2,319,561 | €1,445,451 | -€874,109 | -37.7% |
| Financial debts | 43 | €2,016,792 | €658,333 | -€1.4m | -67.4% |
| Credit institutions | 430/8 | €2,016,792 | €658,333 | -€1.4m | -67.4% |
| Trade debts | 44 | €112,886 | €147,764 | +€34,878 | +30.9% |
| Suppliers | 440/4 | €112,886 | €147,764 | +€34,878 | +30.9% |
| Taxes, remuneration and social security | 45 | €30,617 | €53,545 | +€22,928 | +74.9% |
| Taxes | 450/3 | €30,617 | €53,545 | +€22,928 | +74.9% |
| Other amounts payable | 47/48 | €159,266 | €585,808 | +€426,543 | +267.8% |
| Accrued charges and deferred income | 492/3 | €17,343 | €105,300 | +€87,958 | +507.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579,491 | €635,840 | +€56,349 | +9.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€140,000 | -€140,000 | |
| Other operating charges | 640/8 | €65,593 | €94,103 | +€28,510 | +43.5% |
| Non-recurring operating charges | 66A | - | €94,713 | +€94,713 | |
| Gross operating margin | 9900 | €506,094 | €568,478 | +€62,384 | +12.3% |
| Operating profit (loss) | 9901 | -€138,990 | -€116,178 | +€22,812 | +16.4% |
| Financial income | 75/76B | €42,949 | €38,175 | -€4,773 | -11.1% |
| Recurring financial income | 75 | €42,949 | €38,175 | -€4,773 | -11.1% |
| Financial charges | 65/66B | €41,834 | €151,026 | +€109,192 | +261.0% |
| Recurring financial charges | 65 | €41,834 | €151,026 | +€109,192 | +261.0% |
| Profit (loss) for the period before taxes | 9903 | -€137,875 | -€229,028 | -€91,154 | -66.1% |
| Transfer from deferred taxes | 780 | €103,735 | €110,913 | +€7,178 | +6.9% |
| Income taxes | 67/77 | €38,939 | €62,783 | +€23,844 | +61.2% |
| Profit (loss) for the period | 9904 | -€73,078 | -€180,899 | -€107,821 | -147.5% |
| Transfer from tax-exempt reserves | 789 | €311,205 | €332,738 | +€21,533 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €238,126 | €151,839 | -€86,288 | -36.2% |
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.