CeVaSco: 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.
CeVaSco
Largest movements
- Cash -€8,280
down €8,280 (-86.4%), from €9,583 to €1,302
mainly Stocks and contracts (-€7,024) and Net result for the year (-€5,894)
- Stocks and contracts +€7,024
up €7,024 (+18.7%), from €37,530 to €44,555
- Tangible fixed assets -€2,950
down €2,950 (-26.3%), from €11,220 to €8,270
- Receivables within one year +€2,212
up €2,212 (+287%), from €771 to €2,983
of which Trade receivables: +€1,207
- Profit (loss) carried forward -€5,894
down €5,894 (-1.7%), from -€341,731 to -€347,625
- Trade debts +€4,746
up €4,746 (+54.0%), from €8,785 to €13,532
- Tax, wage and social debts -€824
no longer reported in 2025 (was €824)
- Other operating charges +€209
up €209 (+36.6%), from €570 to €778
- Financial charges +€143
up €143 (+48.6%), from €295 to €438
- Depreciation -€114
down €114 (-3.7%), from €3,064 to €2,950
- Gross operating margin -€41
down €41 (-2.4%), from -€1,686 to -€1,727
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
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 | €60,722 | €58,728 | -€1,994 | -3.3% |
| Fixed assets | 21/28 | €12,838 | €9,888 | -€2,950 | -23.0% |
| Tangible fixed assets | 22/27 | €11,220 | €8,270 | -€2,950 | -26.3% |
| Plant, machinery and equipment | 23 | €11,220 | €8,270 | -€2,950 | -26.3% |
| Financial fixed assets | 28 | €1,618 | €1,618 | = | 0.0% |
| Current assets | 29/58 | €47,884 | €48,840 | +€956 | +2.0% |
| Stocks and contracts in progress | 3 | €37,530 | €44,555 | +€7,024 | +18.7% |
| Stocks | 30/36 | €37,530 | €44,555 | +€7,024 | +18.7% |
| Amounts receivable within one year | 40/41 | €771 | €2,983 | +€2,212 | +287% |
| Trade receivables | 40 | €771 | €1,978 | +€1,207 | +157% |
| Other amounts receivable | 41 | - | €1,005 | +€1,005 | |
| Cash at bank and in hand | 54/58 | €9,583 | €1,302 | -€8,280 | -86.4% |
| Total equity and liabilities | 10/49 | €60,722 | €58,728 | -€1,994 | -3.3% |
| Equity | 10/15 | -€73,181 | -€79,075 | -€5,894 | -8.1% |
| Contributions | 10/11 | €268,550 | €268,550 | = | 0.0% |
| Contributions outside capital | 11 | €268,550 | - | -€268,550 | |
| Other | 1109/19 | €268,550 | - | -€268,550 | |
| Profit (loss) carried forward | 14 | -€341,731 | -€347,625 | -€5,894 | -1.7% |
| Amounts payable | 17/49 | €133,903 | €137,803 | +€3,900 | +2.9% |
| Amounts payable within one year | 42/48 | €133,878 | €137,800 | +€3,922 | +2.9% |
| Trade debts | 44 | €8,785 | €13,532 | +€4,746 | +54.0% |
| Suppliers | 440/4 | €8,785 | €13,532 | +€4,746 | +54.0% |
| Taxes, remuneration and social security | 45 | €824 | - | -€824 | |
| Taxes | 450/3 | €824 | - | -€824 | |
| Other amounts payable | 47/48 | €124,268 | €124,268 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €25 | €3 | -€22 | -89.1% |
| Non-recurring operating income | 76A | €331 | - | -€331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,064 | €2,950 | -€114 | -3.7% |
| Other operating charges | 640/8 | €570 | €778 | +€209 | +36.6% |
| Gross operating margin | 9900 | -€1,686 | -€1,727 | -€41 | -2.4% |
| Operating profit (loss) | 9901 | -€5,320 | -€5,456 | -€136 | -2.6% |
| Financial charges | 65/66B | €295 | €438 | +€143 | +48.6% |
| Recurring financial charges | 65 | €295 | €438 | +€143 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,615 | -€5,894 | -€279 | -5.0% |
| Profit (loss) for the period | 9904 | -€5,615 | -€5,894 | -€279 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,615 | -€5,894 | -€279 | -5.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.