CERVANTEC: 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.
CERVANTEC
Largest movements
- Receivables within one year +€70,391
up €70,391 (+280%), from €25,106 to €95,497
of which Other amounts receivable: +€63,797
- Current investments -€35,527
down €35,527 (-13.2%), from €269,679 to €234,152
- Tangible fixed assets +€26,832
up €26,832 (+350%), from €7,675 to €34,507
of which Furniture and vehicles: +€24,772
- Reserves +€62,858
up €62,858 (+23.7%), from €265,747 to €328,605
of which Distributable reserves: +€62,858
- Gross operating margin +€14,185
up €14,185 (+18.9%), from €74,960 to €89,145
- Depreciation +€3,411
up €3,411 (+61.1%), from €5,581 to €8,992
- Taxes +€3,026
up €3,026 (+15.1%), from €20,067 to €23,093
- Financial income +€2,821
up €2,821 (+94.7%), from €2,979 to €5,800
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,600 | €365,812 | +€60,212 | +19.7% |
| Fixed assets | 21/28 | €7,675 | €34,507 | +€26,832 | +350% |
| Tangible fixed assets | 22/27 | €7,675 | €34,507 | +€26,832 | +350% |
| Plant, machinery and equipment | 23 | €426 | €2,486 | +€2,060 | +483% |
| Furniture and vehicles | 24 | €7,249 | €32,021 | +€24,772 | +342% |
| Current assets | 29/58 | €297,925 | €331,305 | +€33,380 | +11.2% |
| Amounts receivable within one year | 40/41 | €25,106 | €95,497 | +€70,391 | +280% |
| Trade receivables | 40 | €13,499 | €20,093 | +€6,594 | +48.9% |
| Other amounts receivable | 41 | €11,607 | €75,404 | +€63,797 | +550% |
| Current investments | 50/53 | €269,679 | €234,152 | -€35,527 | -13.2% |
| Deferred charges and accrued income | 490/1 | €3,140 | €1,656 | -€1,483 | -47.2% |
| Total equity and liabilities | 10/49 | €305,600 | €365,812 | +€60,212 | +19.7% |
| Equity | 10/15 | €278,147 | €341,005 | +€62,858 | +22.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €265,747 | €328,605 | +€62,858 | +23.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €263,892 | €326,750 | +€62,858 | +23.8% |
| Amounts payable | 17/49 | €27,453 | €24,807 | -€2,646 | -9.6% |
| Amounts payable within one year | 42/48 | €27,453 | €24,807 | -€2,646 | -9.6% |
| Trade debts | 44 | €3,441 | €1,419 | -€2,022 | -58.8% |
| Suppliers | 440/4 | €3,441 | €1,419 | -€2,022 | -58.8% |
| Taxes, remuneration and social security | 45 | €24,012 | €23,389 | -€624 | -2.6% |
| Taxes | 450/3 | €24,012 | €23,389 | -€624 | -2.6% |
| Non-recurring operating income | 76A | - | €7,716 | +€7,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,581 | €8,992 | +€3,411 | +61.1% |
| Other operating charges | 640/8 | €1,025 | €207 | -€818 | -79.8% |
| Gross operating margin | 9900 | €74,960 | €89,145 | +€14,185 | +18.9% |
| Operating profit (loss) | 9901 | €68,354 | €79,946 | +€11,592 | +17.0% |
| Financial income | 75/76B | €2,979 | €5,800 | +€2,821 | +94.7% |
| Recurring financial income | 75 | €2,979 | €5,800 | +€2,821 | +94.7% |
| Financial charges | 65/66B | €362 | -€205 | -€567 | |
| Recurring financial charges | 65 | €362 | -€205 | -€567 | |
| Profit (loss) for the period before taxes | 9903 | €70,971 | €85,951 | +€14,979 | +21.1% |
| Income taxes | 67/77 | €20,067 | €23,093 | +€3,026 | +15.1% |
| Profit (loss) for the period | 9904 | €50,905 | €62,858 | +€11,953 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,905 | €62,858 | +€11,953 | +23.5% |
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.