CERVA: what changed
Two fiscal 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.
CERVA
Largest movements
- Tangible fixed assets -€5,624
down €5,624 (-4.3%), from €129,394 to €123,770
- Profit (loss) carried forward -€5,386
down €5,386 (-0.7%), from -€723,122 to -€728,508
- Gross operating margin +€2,909
up €2,909 (+35.8%), from €8,113 to €11,022
- Depreciation -€220
down €220 (-3.8%), from €5,844 to €5,624
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.
Cash bridge derived
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 | €277,313 | €271,939 | -€5,375 | -1.9% |
| Fixed assets | 21/28 | €129,394 | €123,770 | -€5,624 | -4.3% |
| Tangible fixed assets | 22/27 | €129,394 | €123,770 | -€5,624 | -4.3% |
| Land and buildings | 22 | €129,394 | €123,770 | -€5,624 | -4.3% |
| Current assets | 29/58 | €147,919 | €148,169 | +€250 | +0.2% |
| Amounts receivable after more than one year | 29 | €147,300 | €147,300 | = | 0.0% |
| Other amounts receivable | 291 | €147,300 | €147,300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €619 | €869 | +€250 | +40.3% |
| Total equity and liabilities | 10/49 | €277,313 | €271,939 | -€5,375 | -1.9% |
| Equity | 10/15 | €276,878 | €271,492 | -€5,386 | -1.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€723,122 | -€728,508 | -€5,386 | -0.7% |
| Amounts payable | 17/49 | €436 | €447 | +€11 | +2.6% |
| Amounts payable within one year | 42/48 | €436 | €447 | +€11 | +2.6% |
| Trade debts | 44 | €436 | €447 | +€11 | +2.6% |
| Suppliers | 440/4 | €436 | €447 | +€11 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,844 | €5,624 | -€220 | -3.8% |
| Other operating charges | 640/8 | €10,733 | €10,736 | +€4 | 0.0% |
| Gross operating margin | 9900 | €8,113 | €11,022 | +€2,909 | +35.8% |
| Operating profit (loss) | 9901 | -€8,464 | -€5,339 | +€3,125 | +36.9% |
| Financial charges | 65/66B | €43 | €47 | +€4 | +9.3% |
| Recurring financial charges | 65 | €43 | €47 | +€4 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,507 | -€5,386 | +€3,121 | +36.7% |
| Profit (loss) for the period | 9904 | -€8,507 | -€5,386 | +€3,121 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,507 | -€5,386 | +€3,121 | +36.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.