CERVUS INVEST: what changed
CERVUS INVEST
Largest movements
- Current investments +€60,600
new in 2025: €60,600
- Receivables within one year -€13,061
down €13,061 (-86.1%), from €15,168 to €2,108
- Cash +€9,054
up €9,054 (+2,857%), from €317 to €9,371
mainly Other debts (+€56,145) and Receivables within one year (+€13,061)
- Tangible fixed assets -€896
down €896 (-12.5%), from €7,179 to €6,282
of which Furniture and vehicles: -€573
- Other debts +€56,145
up €56,145 (+110%), from €50,973 to €107,118
- Profit (loss) carried forward +€6,379
up €6,379 (+9.0%), from -€71,071 to -€64,692
- Tax, wage and social debts -€4,469
down €4,469 (-19.6%), from €22,805 to €18,336
- Trade debts -€2,859
down €2,859 (-37.1%), from €7,708 to €4,849
- Gross operating margin +€88,679
up €88,679, from -€59,253 to €29,426
- Write-downs +€10,036
new in 2025: €10,036
- Taxes -€3,571
down €3,571 (-85.7%), from €4,167 to €596
- Other operating charges +€2,514
up €2,514 (+32.0%), from €7,852 to €10,366
- Financial charges -€1,219
down €1,219 (-51.4%), from €2,371 to €1,152
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.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,914 | €82,111 | +€55,197 | +205% |
| Fixed assets | 21/28 | €10,929 | €10,032 | -€896 | -8.2% |
| Tangible fixed assets | 22/27 | €7,179 | €6,282 | -€896 | -12.5% |
| Furniture and vehicles | 24 | €4,297 | €3,724 | -€573 | -13.3% |
| Other tangible fixed assets | 26 | €2,881 | €2,558 | -€323 | -11.2% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €15,986 | €72,078 | +€56,093 | +351% |
| Amounts receivable within one year | 40/41 | €15,168 | €2,108 | -€13,061 | -86.1% |
| Trade receivables | 40 | €15,168 | €2,108 | -€13,061 | -86.1% |
| Current investments | 50/53 | - | €60,600 | +€60,600 | |
| Cash at bank and in hand | 54/58 | €317 | €9,371 | +€9,054 | +2,857% |
| Deferred charges and accrued income | 490/1 | €500 | - | -€500 | |
| Total equity and liabilities | 10/49 | €26,914 | €82,111 | +€55,197 | +205% |
| Equity | 10/15 | -€54,571 | -€48,192 | +€6,379 | +11.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,500 | €14,500 | = | 0.0% |
| Distributable reserves | 133 | €14,500 | €14,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,071 | -€64,692 | +€6,379 | +9.0% |
| Amounts payable | 17/49 | €81,486 | €130,303 | +€48,817 | +59.9% |
| Amounts payable within one year | 42/48 | €81,486 | €130,303 | +€48,817 | +59.9% |
| Trade debts | 44 | €7,708 | €4,849 | -€2,859 | -37.1% |
| Suppliers | 440/4 | €7,708 | €4,849 | -€2,859 | -37.1% |
| Taxes, remuneration and social security | 45 | €22,805 | €18,336 | -€4,469 | -19.6% |
| Taxes | 450/3 | €22,805 | €18,336 | -€4,469 | -19.6% |
| Other amounts payable | 47/48 | €50,973 | €107,118 | +€56,145 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €602 | €896 | +€294 | +48.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,036 | +€10,036 | |
| Other operating charges | 640/8 | €7,852 | €10,366 | +€2,514 | +32.0% |
| Gross operating margin | 9900 | -€59,253 | €29,426 | +€88,679 | |
| Operating profit (loss) | 9901 | -€67,708 | €8,127 | +€75,835 | |
| Financial income | 75/76B | €1,117 | €0 | -€1,116 | -100.0% |
| Recurring financial income | 75 | €1,117 | €0 | -€1,116 | -100.0% |
| Financial charges | 65/66B | €2,371 | €1,152 | -€1,219 | -51.4% |
| Recurring financial charges | 65 | €2,371 | €1,152 | -€1,219 | -51.4% |
| Profit (loss) for the period before taxes | 9903 | -€68,962 | €6,976 | +€75,938 | |
| Income taxes | 67/77 | €4,167 | €596 | -€3,571 | -85.7% |
| Profit (loss) for the period | 9904 | -€73,129 | €6,379 | +€79,508 | |
| Profit (loss) for the period to be appropriated | 9905 | -€73,129 | €6,379 | +€79,508 |
Next steps
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 7 November 2026 via checked.be.