CAVOY GOBIN: 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.
CAVOY GOBIN
Largest movements
- Cash +€147,776
up €147,776 (+41.3%), from €358,142 to €505,918
mainly Other debts (+€332,610) and Net result for the year (+€196,377)
- Tangible fixed assets -€25,686
down €25,686 (-7.5%), from €343,285 to €317,600
of which Furniture and vehicles: -€14,284
- Deferred charges and accrued income +€17,689
up €17,689 (+39.2%), from €45,087 to €62,777
- Other debts +€332,610
up €332,610 (+145%), from €229,917 to €562,527
- Profit (loss) carried forward -€187,844
no longer reported in 2025 (was €187,844)
- Debts after one year -€23,144
down €23,144 (-18.2%), from €127,039 to €103,895
- Reserves +€20,000
up €20,000 (+16.7%), from €120,000 to €140,000
- Gross operating margin -€13,830
down €13,830 (-3.8%), from €367,750 to €353,920
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 | €830,718 | €976,098 | +€145,380 | +17.5% |
| Fixed assets | 21/28 | €343,285 | €317,600 | -€25,686 | -7.5% |
| Tangible fixed assets | 22/27 | €343,285 | €317,600 | -€25,686 | -7.5% |
| Land and buildings | 22 | €276,748 | €268,669 | -€8,080 | -2.9% |
| Plant, machinery and equipment | 23 | €31,196 | €27,874 | -€3,322 | -10.6% |
| Furniture and vehicles | 24 | €35,341 | €21,057 | -€14,284 | -40.4% |
| Current assets | 29/58 | €487,433 | €658,499 | +€171,065 | +35.1% |
| Amounts receivable within one year | 40/41 | €14,224 | €19,823 | +€5,600 | +39.4% |
| Trade receivables | 40 | €14,066 | €9,291 | -€4,776 | -34.0% |
| Other amounts receivable | 41 | €158 | €10,533 | +€10,375 | +6,587% |
| Current investments | 50/53 | €69,980 | €69,980 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €358,142 | €505,918 | +€147,776 | +41.3% |
| Deferred charges and accrued income | 490/1 | €45,087 | €62,777 | +€17,689 | +39.2% |
| Total equity and liabilities | 10/49 | €830,718 | €976,098 | +€145,380 | +17.5% |
| Equity | 10/15 | €400,844 | €233,000 | -€167,844 | -41.9% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €120,000 | €140,000 | +€20,000 | +16.7% |
| Distributable reserves | 133 | €120,000 | €140,000 | +€20,000 | +16.7% |
| Profit (loss) carried forward | 14 | €187,844 | - | -€187,844 | |
| Amounts payable | 17/49 | €429,874 | €743,098 | +€313,224 | +72.9% |
| Amounts payable after more than one year | 17 | €127,039 | €103,895 | -€23,144 | -18.2% |
| Financial debts | 170/4 | €127,039 | €103,895 | -€23,144 | -18.2% |
| Amounts payable within one year | 42/48 | €302,836 | €639,203 | +€336,368 | +111% |
| Current portion of amounts payable after more than one year | 42 | €22,490 | €23,144 | +€654 | +2.9% |
| Trade debts | 44 | €9,923 | €11,370 | +€1,448 | +14.6% |
| Suppliers | 440/4 | €9,923 | €11,370 | +€1,448 | +14.6% |
| Taxes, remuneration and social security | 45 | €40,506 | €42,162 | +€1,656 | +4.1% |
| Taxes | 450/3 | €38,987 | €40,629 | +€1,642 | +4.2% |
| Remuneration and social security | 454/9 | €1,519 | €1,533 | +€14 | +0.9% |
| Other amounts payable | 47/48 | €229,917 | €562,527 | +€332,610 | +145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,388 | €25,686 | +€1,298 | +5.3% |
| Other operating charges | 640/8 | €3,011 | €2,751 | -€260 | -8.6% |
| Gross operating margin | 9900 | €367,750 | €353,920 | -€13,830 | -3.8% |
| Operating profit (loss) | 9901 | €340,351 | €325,484 | -€14,867 | -4.4% |
| Financial income | 75/76B | €2,765 | €3,374 | +€608 | +22.0% |
| Recurring financial income | 75 | €2,765 | €3,374 | +€608 | +22.0% |
| Financial charges | 65/66B | €65,562 | €66,444 | +€881 | +1.3% |
| Recurring financial charges | 65 | €65,562 | €66,444 | +€881 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €277,554 | €262,414 | -€15,140 | -5.5% |
| Income taxes | 67/77 | €69,710 | €66,037 | -€3,674 | -5.3% |
| Profit (loss) for the period | 9904 | €207,844 | €196,377 | -€11,467 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €207,844 | €196,377 | -€11,467 | -5.5% |
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 30 October 2026 via checked.be.