CERV INVEST: 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.
CERV INVEST
Largest movements
- Tangible fixed assets -€10,788
down €10,788 (-3.4%), from €321,348 to €310,560
of which Land and buildings: -€9,550
- Cash +€7,473
up €7,473 (+69.6%), from €10,735 to €18,208
mainly Depreciation (+€10,788) and Net result for the year (+€2,969)
- Other debts -€7,396
down €7,396 (-3.8%), from €193,937 to €186,541
- Other operating charges -€41,634
down €41,634 (-91.7%), from €45,426 to €3,792
- Gross operating margin +€13,854
up €13,854 (+310%), from €4,464 to €18,318
- Depreciation +€5,022
up €5,022 (+87.1%), from €5,766 to €10,788
- Financial charges +€242
up €242 (+43.6%), from €555 to €797
- Taxes +€212
up €212 (+88.2%), from -€240 to -€28
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 | €332,083 | €328,769 | -€3,314 | -1.0% |
| Fixed assets | 21/28 | €321,348 | €310,560 | -€10,788 | -3.4% |
| Tangible fixed assets | 22/27 | €321,348 | €310,560 | -€10,788 | -3.4% |
| Land and buildings | 22 | €312,281 | €302,731 | -€9,550 | -3.1% |
| Plant, machinery and equipment | 23 | €9,067 | €7,829 | -€1,238 | -13.7% |
| Current assets | 29/58 | €10,735 | €18,208 | +€7,473 | +69.6% |
| Cash at bank and in hand | 54/58 | €10,735 | €18,208 | +€7,473 | +69.6% |
| Total equity and liabilities | 10/49 | €332,083 | €328,769 | -€3,314 | -1.0% |
| Equity | 10/15 | €137,358 | €140,328 | +€2,970 | +2.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,158 | €72,128 | +€2,970 | +4.3% |
| Amounts payable | 17/49 | €194,725 | €188,441 | -€6,284 | -3.2% |
| Amounts payable within one year | 42/48 | €194,300 | €186,541 | -€7,759 | -4.0% |
| Trade debts | 44 | €363 | - | -€363 | |
| Suppliers | 440/4 | €363 | - | -€363 | |
| Other amounts payable | 47/48 | €193,937 | €186,541 | -€7,396 | -3.8% |
| Accrued charges and deferred income | 492/3 | €425 | €1,900 | +€1,475 | +347% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,766 | €10,788 | +€5,022 | +87.1% |
| Other operating charges | 640/8 | €45,426 | €3,792 | -€41,634 | -91.7% |
| Gross operating margin | 9900 | €4,464 | €18,318 | +€13,854 | +310% |
| Operating profit (loss) | 9901 | -€46,728 | €3,738 | +€50,466 | |
| Financial charges | 65/66B | €555 | €797 | +€242 | +43.6% |
| Recurring financial charges | 65 | €555 | €797 | +€242 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | -€47,283 | €2,941 | +€50,224 | |
| Income taxes | 67/77 | -€240 | -€28 | +€212 | +88.2% |
| Profit (loss) for the period | 9904 | -€47,043 | €2,969 | +€50,012 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,043 | €2,969 | +€50,012 |
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 29 October 2026 via checked.be.