CéVéGé: 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.
CéVéGé
Largest movements
- Tangible fixed assets +€702,642
up €702,642 (+41.9%), from €1.7m to €2.4m
of which Land and buildings: +€1.4m
- Cash -€568,128
down €568,128 (-87.5%), from €649,220 to €81,092
mainly Investment in fixed assets (net) (-€795,207) and Current investments (-€242,367)
- Current investments +€242,367
up €242,367 (+4.5%), from €5.4m to €5.7m
- Receivables within one year -€133,488
down €133,488 (-63.2%), from €211,220 to €77,732
of which Other amounts receivable: -€178,489
- Other debts +€142,307
new in 2025: €142,307
- Other operating charges +€273,332
up €273,332 (+4732.3%), from €5,776 to €279,108
- Financial income +€273,013
up €273,013 (+141.1%), from €193,548 to €466,561
of which Non-recurring financial income: +€139,869
- Gross operating margin -€108,753
down €108,753 (-47.4%), from €229,317 to €120,564
- Taxes -€20,695
down €20,695 (-19.3%), from €107,353 to €86,657
- Depreciation +€18,112
up €18,112 (+24.3%), from €74,452 to €92,565
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 | €11,351,307 | €11,595,449 | +€244,141 | +2.2% |
| Fixed assets | 21/28 | €1,675,579 | €2,378,222 | +€702,642 | +41.9% |
| Tangible fixed assets | 22/27 | €1,675,579 | €2,378,222 | +€702,642 | +41.9% |
| Land and buildings | 22 | €671,019 | €2,070,360 | +€1.4m | +208.5% |
| Plant, machinery and equipment | 23 | €252,305 | €209,365 | -€42,941 | -17.0% |
| Furniture and vehicles | 24 | €44,988 | €98,497 | +€53,508 | +118.9% |
| Assets under construction and advance payments | 27 | €707,266 | - | -€707,266 | |
| Current assets | 29/58 | €9,675,728 | €9,217,227 | -€458,501 | -4.7% |
| Amounts receivable after more than one year | 29 | €3,375,000 | €3,375,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,375,000 | €3,375,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €211,220 | €77,732 | -€133,488 | -63.2% |
| Trade receivables | 40 | €646 | €45,647 | +€45,001 | +6964.6% |
| Other amounts receivable | 41 | €210,574 | €32,085 | -€178,489 | -84.8% |
| Current investments | 50/53 | €5,437,960 | €5,680,327 | +€242,367 | +4.5% |
| Cash at bank and in hand | 54/58 | €649,220 | €81,092 | -€568,128 | -87.5% |
| Deferred charges and accrued income | 490/1 | €2,327 | €3,076 | +€748 | +32.1% |
| Total equity and liabilities | 10/49 | €11,351,307 | €11,595,449 | +€244,141 | +2.2% |
| Equity | 10/15 | €11,273,219 | €11,384,520 | +€111,301 | +1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,260,819 | €11,372,120 | +€111,301 | +1.0% |
| Distributable reserves | 133 | €11,260,819 | €11,372,120 | +€111,301 | +1.0% |
| Amounts payable | 17/49 | €78,088 | €210,929 | +€132,841 | +170.1% |
| Amounts payable within one year | 42/48 | €78,088 | €210,929 | +€132,841 | +170.1% |
| Financial debts | 43 | - | €0 | +€0 | |
| Credit institutions | 430/8 | - | €0 | +€0 | |
| Trade debts | 44 | €43,538 | €11,252 | -€32,286 | -74.2% |
| Suppliers | 440/4 | €43,538 | €11,252 | -€32,286 | -74.2% |
| Taxes, remuneration and social security | 45 | €34,551 | €57,370 | +€22,819 | +66.0% |
| Taxes | 450/3 | €34,551 | €36,046 | +€1,495 | +4.3% |
| Remuneration and social security | 454/9 | - | €21,324 | +€21,324 | |
| Other amounts payable | 47/48 | - | €142,307 | +€142,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,452 | €92,565 | +€18,112 | +24.3% |
| Other operating charges | 640/8 | €5,776 | €279,108 | +€273,332 | +4732.3% |
| Gross operating margin | 9900 | €229,317 | €120,564 | -€108,753 | -47.4% |
| Operating profit (loss) | 9901 | €149,089 | -€251,108 | -€400,198 | |
| Financial income | 75/76B | €193,548 | €466,561 | +€273,013 | +141.1% |
| Recurring financial income | 75 | €193,548 | €326,693 | +€133,144 | +68.8% |
| Non-recurring financial income | 76B | - | €139,869 | +€139,869 | |
| Financial charges | 65/66B | €2,608 | €17,495 | +€14,887 | +570.8% |
| Recurring financial charges | 65 | €2,608 | €17,495 | +€14,887 | +570.8% |
| Profit (loss) for the period before taxes | 9903 | €340,030 | €197,958 | -€142,072 | -41.8% |
| Income taxes | 67/77 | €107,353 | €86,657 | -€20,695 | -19.3% |
| Profit (loss) for the period | 9904 | €232,677 | €111,301 | -€121,376 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €232,677 | €111,301 | -€121,376 | -52.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.