CERVINO CONSULTING: what changed
What changed
CERVINO CONSULTING
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€83,964
2024 · €76,365+€7,599
Equity
€473,969
2024 · €390,004+€83,964
Cash
-
not filed
Balance sheet total
€924,432
2024 · €775,252+€149,180
Largest movements
Assets
- Receivables after one year +€124,305
up €124,305 (+36.1%), from €343,981 to €468,286
- Receivables within one year +€40,783
up €40,783 (+136%), from €29,900 to €70,683
of which Trade receivables: +€21,366
- Tangible fixed assets -€12,051
down €12,051 (-3.2%), from €381,386 to €369,335
of which Land and buildings: -€17,805
Equity and liabilities
- Reserves +€84,500
up €84,500 (+22.8%), from €370,860 to €455,360
of which Distributable reserves: +€84,500
- Accrued charges and deferred income +€44,090
new in 2025: €44,090
- Short-term financial debts -€20,015
down €20,015 (-41.6%), from €48,142 to €28,127
- Tax, wage and social debts +€17,483
up €17,483 (+68.0%), from €25,706 to €43,189
- Debts after one year +€16,083
up €16,083 (+6.3%), from €256,166 to €272,250
Income statement
- Gross operating margin +€19,162
up €19,162 (+13.0%), from €147,923 to €167,085
- Other operating charges +€3,135
up €3,135 (+89.4%), from €3,509 to €6,644
- Financial charges +€2,341
up €2,341 (+21.7%), from €10,806 to €13,147
- Staff costs +€2,202
new in 2025: €2,202
- Depreciation +€1,953
up €1,953 (+6.8%), from €28,808 to €30,761
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€76,365
Gross operating margin
+€19,162
Staff costs
-€2,202
Depreciation
-€1,953
Other operating charges
-€3,135
Financial income
-€684
Financial charges
-€2,341
Taxes
-€1,248
Result 2025
€83,964
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €775,252 | €924,432 | +€149,180 | +19.2% |
| Fixed assets | 21/28 | €381,386 | €369,335 | -€12,051 | -3.2% |
| Tangible fixed assets | 22/27 | €381,386 | €369,335 | -€12,051 | -3.2% |
| Land and buildings | 22 | €359,576 | €341,770 | -€17,805 | -5.0% |
| Plant, machinery and equipment | 23 | €15,054 | €13,220 | -€1,834 | -12.2% |
| Furniture and vehicles | 24 | €6,757 | €14,345 | +€7,588 | +112% |
| Current assets | 29/58 | €393,866 | €555,097 | +€161,231 | +40.9% |
| Amounts receivable after more than one year | 29 | €343,981 | €468,286 | +€124,305 | +36.1% |
| Other amounts receivable | 291 | €343,981 | €468,286 | +€124,305 | +36.1% |
| Amounts receivable within one year | 40/41 | €29,900 | €70,683 | +€40,783 | +136% |
| Trade receivables | 40 | - | €21,366 | +€21,366 | |
| Other amounts receivable | 41 | €29,900 | €49,317 | +€19,417 | +64.9% |
| Current investments | 50/53 | €13,428 | €9,571 | -€3,857 | -28.7% |
| Deferred charges and accrued income | 490/1 | €6,556 | €6,556 | = | 0.0% |
| Total equity and liabilities | 10/49 | €775,252 | €924,432 | +€149,180 | +19.2% |
| Equity | 10/15 | €390,004 | €473,969 | +€83,964 | +21.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Capital | 10 | €18,550 | €18,550 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €370,860 | €455,360 | +€84,500 | +22.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €369,000 | €453,500 | +€84,500 | +22.9% |
| Profit (loss) carried forward | 14 | €594 | €59 | -€536 | -90.2% |
| Amounts payable | 17/49 | €385,248 | €450,463 | +€65,216 | +16.9% |
| Amounts payable after more than one year | 17 | €256,166 | €272,250 | +€16,083 | +6.3% |
| Financial debts | 170/4 | €256,166 | €272,250 | +€16,083 | +6.3% |
| Amounts payable within one year | 42/48 | €129,081 | €134,124 | +€5,042 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €25,592 | €38,393 | +€12,801 | +50.0% |
| Financial debts | 43 | €48,142 | €28,127 | -€20,015 | -41.6% |
| Credit institutions | 430/8 | €48,142 | €28,127 | -€20,015 | -41.6% |
| Trade debts | 44 | €29,454 | €24,360 | -€5,094 | -17.3% |
| Suppliers | 440/4 | €29,454 | €24,360 | -€5,094 | -17.3% |
| Taxes, remuneration and social security | 45 | €25,706 | €43,189 | +€17,483 | +68.0% |
| Taxes | 450/3 | €25,706 | €43,189 | +€17,483 | +68.0% |
| Other amounts payable | 47/48 | €187 | €55 | -€132 | -70.7% |
| Accrued charges and deferred income | 492/3 | - | €44,090 | +€44,090 | |
| Remuneration, social security and pensions | 62 | - | €2,202 | +€2,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,808 | €30,761 | +€1,953 | +6.8% |
| Other operating charges | 640/8 | €3,509 | €6,644 | +€3,135 | +89.4% |
| Gross operating margin | 9900 | €147,923 | €167,085 | +€19,162 | +13.0% |
| Operating profit (loss) | 9901 | €115,607 | €127,478 | +€11,871 | +10.3% |
| Financial income | 75/76B | €1,578 | €895 | -€684 | -43.3% |
| Recurring financial income | 75 | €1,578 | €895 | -€684 | -43.3% |
| Financial charges | 65/66B | €10,806 | €13,147 | +€2,341 | +21.7% |
| Recurring financial charges | 65 | €10,806 | €13,147 | +€2,341 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €106,379 | €115,226 | +€8,847 | +8.3% |
| Income taxes | 67/77 | €30,014 | €31,262 | +€1,248 | +4.2% |
| Profit (loss) for the period | 9904 | €76,365 | €83,964 | +€7,599 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,365 | €83,964 | +€7,599 | +10.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.