CEVERTINVEST: 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.
CEVERTINVEST
Largest movements
- Receivables within one year +€198,391
up €198,391 (+73.1%), from €271,572 to €469,964
of which Other amounts receivable: +€138,391
- Tangible fixed assets -€69,192
down €69,192 (-5.3%), from €1.3m to €1.2m
- Stocks and contracts -€60,408
down €60,408 (-17.6%), from €343,692 to €283,284
- Debts after one year -€98,805
down €98,805 (-10.2%), from €967,158 to €868,353
- Reserves +€79,000
up €79,000 (+34.8%), from €227,000 to €306,000
- Other debts +€64,953
up €64,953 (+11.3%), from €575,070 to €640,023
- Gross operating margin -€48,891
down €48,891 (-17.0%), from €287,885 to €238,994
- Taxes -€17,546
down €17,546 (-32.1%), from €54,706 to €37,160
- Financial charges +€5,543
up €5,543 (+18.1%), from €30,606 to €36,149
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 | €1,971,430 | €2,056,648 | +€85,217 | +4.3% |
| Fixed assets | 21/28 | €1,317,374 | €1,248,182 | -€69,192 | -5.3% |
| Tangible fixed assets | 22/27 | €1,317,374 | €1,248,182 | -€69,192 | -5.3% |
| Land and buildings | 22 | €1,317,374 | €1,248,182 | -€69,192 | -5.3% |
| Current assets | 29/58 | €654,057 | €808,466 | +€154,409 | +23.6% |
| Stocks and contracts in progress | 3 | €343,692 | €283,284 | -€60,408 | -17.6% |
| Stocks | 30/36 | €343,692 | €283,284 | -€60,408 | -17.6% |
| Amounts receivable within one year | 40/41 | €271,572 | €469,964 | +€198,391 | +73.1% |
| Trade receivables | 40 | - | €60,000 | +€60,000 | |
| Other amounts receivable | 41 | €271,572 | €409,964 | +€138,391 | +51.0% |
| Cash at bank and in hand | 54/58 | €32,482 | €51,982 | +€19,500 | +60.0% |
| Deferred charges and accrued income | 490/1 | €6,310 | €3,236 | -€3,074 | -48.7% |
| Total equity and liabilities | 10/49 | €1,971,430 | €2,056,648 | +€85,217 | +4.3% |
| Equity | 10/15 | €262,968 | €342,790 | +€79,821 | +30.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €227,000 | €306,000 | +€79,000 | +34.8% |
| Distributable reserves | 133 | €227,000 | €306,000 | +€79,000 | +34.8% |
| Profit (loss) carried forward | 14 | €23,568 | €24,390 | +€821 | +3.5% |
| Amounts payable | 17/49 | €1,708,462 | €1,713,858 | +€5,396 | +0.3% |
| Amounts payable after more than one year | 17 | €967,158 | €868,353 | -€98,805 | -10.2% |
| Financial debts | 170/4 | €967,158 | €868,353 | -€98,805 | -10.2% |
| Amounts payable within one year | 42/48 | €722,372 | €807,531 | +€85,159 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €97,160 | €113,842 | +€16,682 | +17.2% |
| Trade debts | 44 | €9,691 | €13,961 | +€4,270 | +44.1% |
| Suppliers | 440/4 | €9,691 | €13,961 | +€4,270 | +44.1% |
| Taxes, remuneration and social security | 45 | €40,450 | €39,706 | -€744 | -1.8% |
| Taxes | 450/3 | €40,450 | €39,706 | -€744 | -1.8% |
| Other amounts payable | 47/48 | €575,070 | €640,023 | +€64,953 | +11.3% |
| Accrued charges and deferred income | 492/3 | €18,932 | €37,973 | +€19,041 | +101% |
| Non-recurring operating income | 76A | €88,112 | - | -€88,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,453 | €69,192 | -€261 | -0.4% |
| Other operating charges | 640/8 | €17,163 | €16,671 | -€491 | -2.9% |
| Gross operating margin | 9900 | €287,885 | €238,994 | -€48,891 | -17.0% |
| Operating profit (loss) | 9901 | €201,269 | €153,131 | -€48,138 | -23.9% |
| Financial charges | 65/66B | €30,606 | €36,149 | +€5,543 | +18.1% |
| Recurring financial charges | 65 | €30,606 | €36,149 | +€5,543 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €170,663 | €116,981 | -€53,681 | -31.5% |
| Income taxes | 67/77 | €54,706 | €37,160 | -€17,546 | -32.1% |
| Profit (loss) for the period | 9904 | €115,957 | €79,821 | -€36,136 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,957 | €79,821 | -€36,136 | -31.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.