CAVIRAN: 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.
CAVIRAN
Largest movements
- Cash +€496,084
up €496,084 (+2,365%), from €20,975 to €517,059
mainly Net result for the year (+€349,412) and Tax, wage and social debts (+€126,230)
- Tangible fixed assets -€60,958
down €60,958 (-10.1%), from €605,494 to €544,536
of which Land and buildings: -€71,184
- Profit (loss) carried forward +€349,412
up €349,412 (+71.4%), from €489,155 to €838,566
- Tax, wage and social debts +€126,230
up €126,230 (+817%), from €15,454 to €141,684
- Trade debts -€26,252
down €26,252 (-87.4%), from €30,036 to €3,784
- Gross operating margin +€431,733
up €431,733 (+389%), from €111,124 to €542,857
- Taxes +€120,467
up €120,467 (+1,791%), from €6,727 to €127,194
- Financial charges -€11,480
down €11,480 (-70.4%), from €16,310 to €4,830
of which Financial charges: -€7,210
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 | €726,426 | €1,167,614 | +€441,188 | +60.7% |
| Fixed assets | 21/28 | €605,494 | €544,536 | -€60,958 | -10.1% |
| Tangible fixed assets | 22/27 | €605,494 | €544,536 | -€60,958 | -10.1% |
| Land and buildings | 22 | €603,273 | €532,090 | -€71,184 | -11.8% |
| Furniture and vehicles | 24 | €2,220 | €12,446 | +€10,226 | +461% |
| Current assets | 29/58 | €120,933 | €623,078 | +€502,145 | +415% |
| Amounts receivable within one year | 40/41 | €99,603 | €105,648 | +€6,045 | +6.1% |
| Trade receivables | 40 | €22,084 | €21,248 | -€836 | -3.8% |
| Other amounts receivable | 41 | €77,519 | €84,400 | +€6,881 | +8.9% |
| Cash at bank and in hand | 54/58 | €20,975 | €517,059 | +€496,084 | +2,365% |
| Deferred charges and accrued income | 490/1 | €354 | €371 | +€17 | +4.7% |
| Total equity and liabilities | 10/49 | €726,426 | €1,167,614 | +€441,188 | +60.7% |
| Equity | 10/15 | €560,105 | €909,516 | +€349,412 | +62.4% |
| Contributions | 10/11 | €64,500 | €64,500 | = | 0.0% |
| Capital | 10 | €64,500 | €64,500 | = | 0.0% |
| Issued capital | 100 | €64,500 | €64,500 | = | 0.0% |
| Reserves | 13 | €6,450 | €6,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,450 | €6,450 | = | 0.0% |
| Legal reserve | 130 | €6,450 | €6,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | €489,155 | €838,566 | +€349,412 | +71.4% |
| Amounts payable | 17/49 | €166,321 | €258,097 | +€91,776 | +55.2% |
| Amounts payable within one year | 42/48 | €166,321 | €258,097 | +€91,776 | +55.2% |
| Trade debts | 44 | €30,036 | €3,784 | -€26,252 | -87.4% |
| Suppliers | 440/4 | €30,036 | €3,784 | -€26,252 | -87.4% |
| Taxes, remuneration and social security | 45 | €15,454 | €141,684 | +€126,230 | +817% |
| Taxes | 450/3 | €15,454 | €141,684 | +€126,230 | +817% |
| Other amounts payable | 47/48 | €120,831 | €112,630 | -€8,202 | -6.8% |
| Non-recurring operating income | 76A | €3,563 | €1,770 | -€1,793 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,093 | €39,628 | -€2,464 | -5.9% |
| Other operating charges | 640/8 | €19,189 | €20,608 | +€1,419 | +7.4% |
| Non-recurring operating charges | 66A | €504 | €1,186 | +€682 | +135% |
| Gross operating margin | 9900 | €111,124 | €542,857 | +€431,733 | +389% |
| Operating profit (loss) | 9901 | €49,339 | €481,436 | +€432,097 | +876% |
| Financial income | 75/76B | €0 | €0 | +€0 | +600% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +600% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €16,310 | €4,830 | -€11,480 | -70.4% |
| Recurring financial charges | 65 | €12,040 | €4,830 | -€7,210 | -59.9% |
| Non-recurring financial charges | 66B | €4,270 | - | -€4,270 | |
| Profit (loss) for the period before taxes | 9903 | €33,029 | €476,606 | +€443,577 | +1,343% |
| Income taxes | 67/77 | €6,727 | €127,194 | +€120,467 | +1,791% |
| Profit (loss) for the period | 9904 | €26,302 | €349,412 | +€323,110 | +1,228% |
| Profit (loss) for the period to be appropriated | 9905 | €26,302 | €349,412 | +€323,110 | +1,228% |
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 22 October 2026 via checked.be.