Cavoletti: 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.
Cavoletti
Largest movements
- Cash +€29,063
up €29,063 (+326%), from €8,904 to €37,967
mainly Net result for the year (+€27,560) and Tax, wage and social debts (+€13,585)
- Receivables within one year +€8,026
up €8,026 (+2,262%), from €355 to €8,381
- Tangible fixed assets +€2,112
up €2,112 (+86.4%), from €2,445 to €4,556
of which Furniture and vehicles: +€1,827
- Profit (loss) carried forward +€27,560
up €27,560 (+1,124%), from €2,452 to €30,013
- Tax, wage and social debts +€13,585
up €13,585 (+228%), from €5,967 to €19,552
- Trade debts -€1,784
down €1,784 (-100%), from €1,784 to €0
- Gross operating margin +€33,452
up €33,452 (+716%), from €4,672 to €38,125
- Taxes +€7,310
up €7,310 (+401%), from €1,825 to €9,135
- Depreciation +€860
up €860 (+226%), from €380 to €1,241
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 | €11,704 | €51,064 | +€39,361 | +336% |
| Fixed assets | 21/28 | €2,445 | €4,556 | +€2,112 | +86.4% |
| Tangible fixed assets | 22/27 | €2,445 | €4,556 | +€2,112 | +86.4% |
| Plant, machinery and equipment | 23 | €718 | €1,003 | +€285 | +39.7% |
| Furniture and vehicles | 24 | €1,727 | €3,553 | +€1,827 | +106% |
| Current assets | 29/58 | €9,259 | €46,508 | +€37,249 | +402% |
| Amounts receivable within one year | 40/41 | €355 | €8,381 | +€8,026 | +2,262% |
| Other amounts receivable | 41 | €355 | €8,381 | +€8,026 | +2,262% |
| Cash at bank and in hand | 54/58 | €8,904 | €37,967 | +€29,063 | +326% |
| Deferred charges and accrued income | 490/1 | - | €160 | +€160 | |
| Total equity and liabilities | 10/49 | €11,704 | €51,064 | +€39,361 | +336% |
| Equity | 10/15 | €3,952 | €31,513 | +€27,560 | +697% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,452 | €30,013 | +€27,560 | +1,124% |
| Amounts payable | 17/49 | €7,751 | €19,552 | +€11,800 | +152% |
| Amounts payable within one year | 42/48 | €7,751 | €19,552 | +€11,800 | +152% |
| Trade debts | 44 | €1,784 | €0 | -€1,784 | -100% |
| Suppliers | 440/4 | €1,784 | €0 | -€1,784 | -100% |
| Taxes, remuneration and social security | 45 | €5,967 | €19,552 | +€13,585 | +228% |
| Taxes | 450/3 | €5,967 | €19,552 | +€13,585 | +228% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €1,241 | +€860 | +226% |
| Other operating charges | 640/8 | - | €150 | +€150 | |
| Gross operating margin | 9900 | €4,672 | €38,125 | +€33,452 | +716% |
| Operating profit (loss) | 9901 | €4,292 | €36,734 | +€32,442 | +756% |
| Financial charges | 65/66B | €15 | €39 | +€24 | +164% |
| Recurring financial charges | 65 | €15 | €39 | +€24 | +164% |
| Profit (loss) for the period before taxes | 9903 | €4,277 | €36,695 | +€32,418 | +758% |
| Income taxes | 67/77 | €1,825 | €9,135 | +€7,310 | +401% |
| Profit (loss) for the period | 9904 | €2,452 | €27,560 | +€25,108 | +1,024% |
| Profit (loss) for the period to be appropriated | 9905 | €2,452 | €27,560 | +€25,108 | +1,024% |
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 16 October 2026 via checked.be.