CEVAN: 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.
CEVAN
Largest movements
- Tangible fixed assets -€8,280
down €8,280 (-21.9%), from €37,869 to €29,589
- Stocks and contracts -€4,698
down €4,698 (-33.9%), from €13,842 to €9,144
- Receivables within one year +€1,118
up €1,118 (+1107.4%), from €101 to €1,219
of which Trade receivables: +€1,169
- Profit (loss) carried forward -€8,573
down €8,573 (-18.0%), from -€47,520 to -€56,093
- Short-term financial debts -€2,669
down €2,669 (-18.7%), from €14,275 to €11,606
- Tax, wage and social debts -€962
down €962 (-35.7%), from €2,698 to €1,736
of which Taxes: -€969
- Other debts +€924
up €924 (+1.5%), from €60,349 to €61,273
- Trade debts -€711
down €711 (-16.8%), from €4,235 to €3,523
- Gross operating margin -€13,085
down €13,085 (-84.4%), from €15,505 to €2,420
- Depreciation -€1,819
down €1,819 (-18.0%), from €10,099 to €8,280
- Financial charges -€1,600
down €1,600 (-41.4%), from €3,865 to €2,265
- Financial income -€239
no longer reported in 2025 (was €239)
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 | €54,827 | €42,836 | -€11,992 | -21.9% |
| Fixed assets | 21/28 | €37,869 | €29,589 | -€8,280 | -21.9% |
| Tangible fixed assets | 22/27 | €37,869 | €29,589 | -€8,280 | -21.9% |
| Plant, machinery and equipment | 23 | €37,869 | €29,589 | -€8,280 | -21.9% |
| Current assets | 29/58 | €16,958 | €13,247 | -€3,711 | -21.9% |
| Stocks and contracts in progress | 3 | €13,842 | €9,144 | -€4,698 | -33.9% |
| Stocks | 30/36 | €13,842 | €9,144 | -€4,698 | -33.9% |
| Amounts receivable within one year | 40/41 | €101 | €1,219 | +€1,118 | +1107.4% |
| Trade receivables | 40 | €44 | €1,212 | +€1,169 | +2680.5% |
| Other amounts receivable | 41 | €57 | €7 | -€51 | -88.5% |
| Cash at bank and in hand | 54/58 | €2,845 | €2,656 | -€189 | -6.6% |
| Deferred charges and accrued income | 490/1 | €170 | €227 | +€58 | +34.0% |
| Total equity and liabilities | 10/49 | €54,827 | €42,836 | -€11,992 | -21.9% |
| Equity | 10/15 | -€26,730 | -€35,303 | -€8,573 | -32.1% |
| Contributions | 10/11 | €18,900 | €18,900 | = | 0.0% |
| Reserves | 13 | €1,890 | €1,890 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,890 | €1,890 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,890 | €1,890 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,520 | -€56,093 | -€8,573 | -18.0% |
| Amounts payable | 17/49 | €81,557 | €78,139 | -€3,418 | -4.2% |
| Amounts payable within one year | 42/48 | €81,557 | €78,139 | -€3,418 | -4.2% |
| Financial debts | 43 | €14,275 | €11,606 | -€2,669 | -18.7% |
| Credit institutions | 430/8 | €14,275 | €11,606 | -€2,669 | -18.7% |
| Trade debts | 44 | €4,235 | €3,523 | -€711 | -16.8% |
| Suppliers | 440/4 | €4,235 | €3,523 | -€711 | -16.8% |
| Taxes, remuneration and social security | 45 | €2,698 | €1,736 | -€962 | -35.7% |
| Taxes | 450/3 | €1,098 | €128 | -€969 | -88.3% |
| Remuneration and social security | 454/9 | €1,600 | €1,608 | +€8 | +0.5% |
| Other amounts payable | 47/48 | €60,349 | €61,273 | +€924 | +1.5% |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,099 | €8,280 | -€1,819 | -18.0% |
| Other operating charges | 640/8 | €301 | €359 | +€58 | +19.3% |
| Gross operating margin | 9900 | €15,505 | €2,420 | -€13,085 | -84.4% |
| Operating profit (loss) | 9901 | €5,105 | -€6,220 | -€11,324 | |
| Financial income | 75/76B | €239 | - | -€239 | |
| Recurring financial income | 75 | €239 | - | -€239 | |
| Financial charges | 65/66B | €3,865 | €2,265 | -€1,600 | -41.4% |
| Recurring financial charges | 65 | €3,865 | €2,265 | -€1,600 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €1,478 | -€8,485 | -€9,963 | |
| Income taxes | 67/77 | - | €89 | +€89 | |
| Profit (loss) for the period | 9904 | €1,478 | -€8,573 | -€10,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,478 | -€8,573 | -€10,052 |
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 3 October 2026 via checked.be.