CAVOCOM: 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.
CAVOCOM
Largest movements
- Cash +€147,298
up €147,298 (+81.7%), from €180,232 to €327,529
mainly Net result for the year (+€79,848) and Trade debts (+€51,003)
- Receivables within one year -€30,314
down €30,314 (-19.9%), from €152,112 to €121,798
of which Trade receivables: -€26,137
- Tangible fixed assets -€11,446
down €11,446 (-3.0%), from €383,870 to €372,424
of which Furniture and vehicles: -€6,420
- Financial fixed assets -€9,600
no longer reported in 2025 (was €9,600)
- Reserves +€380,239
new in 2025: €380,239
- Profit (loss) carried forward -€300,391
no longer reported in 2025 (was €300,391)
- Trade debts +€51,003
up €51,003 (+50.3%), from €101,305 to €152,308
- Debts after one year -€23,162
down €23,162 (-9.7%), from €238,396 to €215,235
- Tax, wage and social debts -€8,689
down €8,689 (-19.9%), from €43,582 to €34,893
of which Taxes: -€8,376
- Gross operating margin -€32,927
down €32,927 (-14.1%), from €233,437 to €200,510
- Depreciation -€17,288
down €17,288 (-52.5%), from €32,939 to €15,651
- Staff costs -€7,079
down €7,079 (-10.6%), from €67,024 to €59,945
- Financial income -€6,202
down €6,202 (-99.6%), from €6,224 to €22
- Taxes +€3,609
up €3,609 (+14.6%), from €24,758 to €28,368
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 | €731,706 | €827,836 | +€96,130 | +13.1% |
| Fixed assets | 21/28 | €393,470 | €372,424 | -€21,046 | -5.3% |
| Tangible fixed assets | 22/27 | €383,870 | €372,424 | -€11,446 | -3.0% |
| Land and buildings | 22 | €357,692 | €351,929 | -€5,762 | -1.6% |
| Plant, machinery and equipment | 23 | €6,898 | €7,635 | +€737 | +10.7% |
| Furniture and vehicles | 24 | €19,280 | €12,860 | -€6,420 | -33.3% |
| Financial fixed assets | 28 | €9,600 | - | -€9,600 | |
| Current assets | 29/58 | €338,236 | €455,412 | +€117,176 | +34.6% |
| Amounts receivable within one year | 40/41 | €152,112 | €121,798 | -€30,314 | -19.9% |
| Trade receivables | 40 | €147,934 | €121,798 | -€26,137 | -17.7% |
| Other amounts receivable | 41 | €4,178 | - | -€4,178 | |
| Cash at bank and in hand | 54/58 | €180,232 | €327,529 | +€147,298 | +81.7% |
| Deferred charges and accrued income | 490/1 | €5,893 | €6,085 | +€193 | +3.3% |
| Total equity and liabilities | 10/49 | €731,706 | €827,836 | +€96,130 | +13.1% |
| Equity | 10/15 | €302,391 | €382,239 | +€79,848 | +26.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €380,239 | +€380,239 | |
| Distributable reserves | 133 | - | €380,239 | +€380,239 | |
| Profit (loss) carried forward | 14 | €300,391 | - | -€300,391 | |
| Amounts payable | 17/49 | €429,315 | €445,597 | +€16,283 | +3.8% |
| Amounts payable after more than one year | 17 | €238,396 | €215,235 | -€23,162 | -9.7% |
| Financial debts | 170/4 | €238,396 | €215,235 | -€23,162 | -9.7% |
| Amounts payable within one year | 42/48 | €190,918 | €230,363 | +€39,444 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €26,031 | €23,162 | -€2,869 | -11.0% |
| Trade debts | 44 | €101,305 | €152,308 | +€51,003 | +50.3% |
| Suppliers | 440/4 | €101,305 | €152,308 | +€51,003 | +50.3% |
| Taxes, remuneration and social security | 45 | €43,582 | €34,893 | -€8,689 | -19.9% |
| Taxes | 450/3 | €37,043 | €28,667 | -€8,376 | -22.6% |
| Remuneration and social security | 454/9 | €6,539 | €6,226 | -€313 | -4.8% |
| Other amounts payable | 47/48 | €20,000 | €20,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €67,024 | €59,945 | -€7,079 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,939 | €15,651 | -€17,288 | -52.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,948 | +€1,948 | |
| Other operating charges | 640/8 | €2,760 | €2,733 | -€26 | -1.0% |
| Gross operating margin | 9900 | €233,437 | €200,510 | -€32,927 | -14.1% |
| Operating profit (loss) | 9901 | €130,715 | €120,233 | -€10,482 | -8.0% |
| Financial income | 75/76B | €6,224 | €22 | -€6,202 | -99.6% |
| Recurring financial income | 75 | €6,224 | €22 | -€6,202 | -99.6% |
| Financial charges | 65/66B | €11,468 | €12,040 | +€573 | +5.0% |
| Recurring financial charges | 65 | €11,468 | €12,040 | +€573 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €125,472 | €108,215 | -€17,256 | -13.8% |
| Income taxes | 67/77 | €24,758 | €28,368 | +€3,609 | +14.6% |
| Profit (loss) for the period | 9904 | €100,713 | €79,848 | -€20,866 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €100,713 | €79,848 | -€20,866 | -20.7% |
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 17 October 2026 via checked.be.