CAVISO: 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.
CAVISO
Largest movements
- Receivables within one year -€950
down €950 (-9.6%), from €9,935 to €8,985
- Profit (loss) carried forward -€934
down €934 (-0.1%), from -€1.8m to -€1.8m
- Other operating charges -€210
down €210 (-21.0%), from €1,002 to €792
- Gross operating margin -€3
down €3 (-3.1%), from -€85 to -€88
- Financial charges +€2
up €2 (+2.9%), from €53 to €54
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 | €9,935 | €9,002 | -€934 | -9.4% |
| Current assets | 29/58 | €9,935 | €9,002 | -€934 | -9.4% |
| Amounts receivable within one year | 40/41 | €9,935 | €8,985 | -€950 | -9.6% |
| Other amounts receivable | 41 | €9,935 | €8,985 | -€950 | -9.6% |
| Cash at bank and in hand | 54/58 | €0 | €16 | +€16 | +13,642% |
| Total equity and liabilities | 10/49 | €9,935 | €9,002 | -€934 | -9.4% |
| Equity | 10/15 | €9,935 | €9,002 | -€934 | -9.4% |
| Contributions | 10/11 | €1,823,800 | €1,823,800 | = | 0.0% |
| Capital | 10 | €1,823,800 | €1,823,800 | = | 0.0% |
| Issued capital | 100 | €1,823,800 | €1,823,800 | = | 0.0% |
| Reserves | 13 | €610 | €610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €610 | €610 | = | 0.0% |
| Legal reserve | 130 | €610 | €610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,814,474 | -€1,815,408 | -€934 | -0.1% |
| Other operating charges | 640/8 | €1,002 | €792 | -€210 | -21.0% |
| Gross operating margin | 9900 | -€85 | -€88 | -€3 | -3.1% |
| Operating profit (loss) | 9901 | -€1,087 | -€880 | +€207 | +19.1% |
| Financial charges | 65/66B | €53 | €54 | +€2 | +2.9% |
| Recurring financial charges | 65 | €53 | €54 | +€2 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,139 | -€934 | +€206 | +18.1% |
| Profit (loss) for the period | 9904 | -€1,139 | -€934 | +€206 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,139 | -€934 | +€206 | +18.1% |
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 18 October 2026 via checked.be.