CERVIN: 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.
CERVIN
Largest movements
- Receivables within one year +€82,348
up €82,348 (+383.8%), from €21,458 to €103,806
of which Other amounts receivable: +€74,390
- Tangible fixed assets -€11,881
down €11,881 (-26.1%), from €45,506 to €33,625
of which Furniture and vehicles: -€9,772
- Deferred charges and accrued income -€5,326
down €5,326 (-68.7%), from €7,755 to €2,429
- Cash -€2,606
down €2,606 (-4.2%), from €61,733 to €59,126
mainly Receivables within one year (-€82,348) and Trade debts (-€51,652)
- Reserves +€105,152
up €105,152 (+201.0%), from €52,314 to €157,465
- Trade debts -€51,652
down €51,652 (-82.7%), from €62,422 to €10,770
- Other debts +€5,167
up €5,167 (+44.9%), from €11,503 to €16,670
- Tax, wage and social debts +€3,590
up €3,590 (+68.9%), from €5,213 to €8,802
of which Remuneration and social security: +€2,542
- Gross operating margin +€74,166
up €74,166 (+98.5%), from €75,290 to €149,456
- Taxes +€16,457
up €16,457 (+116.7%), from €14,101 to €30,557
- Depreciation +€6,046
up €6,046 (+84.4%), from €7,163 to €13,209
- Financial income +€2,091
up €2,091 (+6971600.0%), from €0 to €2,092
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 | €136,451 | €198,987 | +€62,536 | +45.8% |
| Fixed assets | 21/28 | €45,506 | €33,625 | -€11,881 | -26.1% |
| Tangible fixed assets | 22/27 | €45,506 | €33,625 | -€11,881 | -26.1% |
| Furniture and vehicles | 24 | €38,836 | €29,064 | -€9,772 | -25.2% |
| Other tangible fixed assets | 26 | €6,670 | €4,561 | -€2,108 | -31.6% |
| Current assets | 29/58 | €90,945 | €165,362 | +€74,416 | +81.8% |
| Amounts receivable within one year | 40/41 | €21,458 | €103,806 | +€82,348 | +383.8% |
| Trade receivables | 40 | €13,559 | €21,517 | +€7,959 | +58.7% |
| Other amounts receivable | 41 | €7,899 | €82,289 | +€74,390 | +941.7% |
| Cash at bank and in hand | 54/58 | €61,733 | €59,126 | -€2,606 | -4.2% |
| Deferred charges and accrued income | 490/1 | €7,755 | €2,429 | -€5,326 | -68.7% |
| Total equity and liabilities | 10/49 | €136,451 | €198,987 | +€62,536 | +45.8% |
| Equity | 10/15 | €57,314 | €162,465 | +€105,152 | +183.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €52,314 | €157,465 | +€105,152 | +201.0% |
| Distributable reserves | 133 | €52,314 | €157,465 | +€105,152 | +201.0% |
| Amounts payable | 17/49 | €79,137 | €36,521 | -€42,616 | -53.9% |
| Amounts payable within one year | 42/48 | €79,137 | €36,242 | -€42,895 | -54.2% |
| Trade debts | 44 | €62,422 | €10,770 | -€51,652 | -82.7% |
| Suppliers | 440/4 | €62,422 | €10,770 | -€51,652 | -82.7% |
| Taxes, remuneration and social security | 45 | €5,213 | €8,802 | +€3,590 | +68.9% |
| Taxes | 450/3 | €2,736 | €3,783 | +€1,047 | +38.3% |
| Remuneration and social security | 454/9 | €2,477 | €5,019 | +€2,542 | +102.6% |
| Other amounts payable | 47/48 | €11,503 | €16,670 | +€5,167 | +44.9% |
| Accrued charges and deferred income | 492/3 | - | €279 | +€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,163 | €13,209 | +€6,046 | +84.4% |
| Other operating charges | 640/8 | €564 | €1,011 | +€448 | +79.5% |
| Gross operating margin | 9900 | €75,290 | €149,456 | +€74,166 | +98.5% |
| Operating profit (loss) | 9901 | €67,563 | €135,236 | +€67,672 | +100.2% |
| Financial income | 75/76B | €0 | €2,092 | +€2,091 | +6971600.0% |
| Recurring financial income | 75 | €0 | €2,092 | +€2,091 | +6971600.0% |
| Financial charges | 65/66B | €290 | €786 | +€495 | +170.8% |
| Recurring financial charges | 65 | €290 | €786 | +€495 | +170.8% |
| Profit (loss) for the period before taxes | 9903 | €67,273 | €136,542 | +€69,268 | +103.0% |
| Income taxes | 67/77 | €14,101 | €30,557 | +€16,457 | +116.7% |
| Profit (loss) for the period | 9904 | €53,173 | €105,985 | +€52,812 | +99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €53,173 | €105,985 | +€52,812 | +99.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.