CIVES: 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.
CIVES
Largest movements
- Cash +€91,613
up €91,613 (+32.5%), from €282,084 to €373,697
mainly Net result for the year (+€109,034) and Depreciation (+€46,315)
- Receivables after one year -€40,000
down €40,000 (-47.1%), from €85,000 to €45,000
- Tangible fixed assets -€29,054
down €29,054 (-4.6%), from €626,524 to €597,471
of which Furniture and vehicles: -€39,380
- Receivables within one year +€11,799
up €11,799 (+10.1%), from €116,301 to €128,100
of which Trade receivables: +€87,647
- Reserves +€88,434
up €88,434 (+11.9%), from €742,806 to €831,240
of which Distributable reserves: +€88,434
- Debts after one year -€32,218
down €32,218 (-18.4%), from €174,969 to €142,751
- Trade debts -€18,546
down €18,546 (-90.0%), from €20,597 to €2,052
- Tax, wage and social debts +€11,810
up €11,810 (+85.8%), from €13,764 to €25,574
of which Taxes: +€8,330
- Gross operating margin +€62,954
up €62,954 (+37.5%), from €167,715 to €230,670
- Taxes +€21,409
up €21,409 (+57.0%), from €37,584 to €58,993
- Depreciation +€14,003
up €14,003 (+43.3%), from €32,313 to €46,315
- Other operating charges +€3,471
up €3,471 (+37.0%), from €9,383 to €12,854
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 | €1,121,848 | €1,167,629 | +€45,782 | +4.1% |
| Fixed assets | 21/28 | €626,524 | €597,471 | -€29,054 | -4.6% |
| Tangible fixed assets | 22/27 | €626,524 | €597,471 | -€29,054 | -4.6% |
| Land and buildings | 22 | €518,129 | €528,456 | +€10,327 | +2.0% |
| Furniture and vehicles | 24 | €108,395 | €69,015 | -€39,380 | -36.3% |
| Current assets | 29/58 | €495,324 | €570,159 | +€74,835 | +15.1% |
| Amounts receivable after more than one year | 29 | €85,000 | €45,000 | -€40,000 | -47.1% |
| Other amounts receivable | 291 | €85,000 | €45,000 | -€40,000 | -47.1% |
| Stocks and contracts in progress | 3 | €3,520 | €14,884 | +€11,364 | +322.8% |
| Stocks | 30/36 | €3,520 | €14,884 | +€11,364 | +322.8% |
| Amounts receivable within one year | 40/41 | €116,301 | €128,100 | +€11,799 | +10.1% |
| Trade receivables | 40 | €15,408 | €103,055 | +€87,647 | +568.8% |
| Other amounts receivable | 41 | €100,893 | €25,045 | -€75,847 | -75.2% |
| Cash at bank and in hand | 54/58 | €282,084 | €373,697 | +€91,613 | +32.5% |
| Deferred charges and accrued income | 490/1 | €8,419 | €8,478 | +€59 | +0.7% |
| Total equity and liabilities | 10/49 | €1,121,848 | €1,167,629 | +€45,782 | +4.1% |
| Equity | 10/15 | €852,979 | €941,414 | +€88,434 | +10.4% |
| Contributions | 10/11 | €110,173 | €110,173 | = | 0.0% |
| Reserves | 13 | €742,806 | €831,240 | +€88,434 | +11.9% |
| Non-distributable reserves | 130/1 | €3,646 | €3,646 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,646 | €3,646 | = | 0.0% |
| Distributable reserves | 133 | €739,160 | €827,595 | +€88,434 | +12.0% |
| Amounts payable | 17/49 | €268,868 | €226,216 | -€42,653 | -15.9% |
| Amounts payable after more than one year | 17 | €174,969 | €142,751 | -€32,218 | -18.4% |
| Financial debts | 170/4 | €174,969 | €142,751 | -€32,218 | -18.4% |
| Amounts payable within one year | 42/48 | €93,899 | €83,465 | -€10,435 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €31,711 | €32,218 | +€507 | +1.6% |
| Trade debts | 44 | €20,597 | €2,052 | -€18,546 | -90.0% |
| Suppliers | 440/4 | €20,597 | €2,052 | -€18,546 | -90.0% |
| Taxes, remuneration and social security | 45 | €13,764 | €25,574 | +€11,810 | +85.8% |
| Taxes | 450/3 | €12,944 | €21,274 | +€8,330 | +64.4% |
| Remuneration and social security | 454/9 | €820 | €4,300 | +€3,480 | +424.4% |
| Other amounts payable | 47/48 | €27,827 | €23,621 | -€4,206 | -15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,313 | €46,315 | +€14,003 | +43.3% |
| Other operating charges | 640/8 | €9,383 | €12,854 | +€3,471 | +37.0% |
| Gross operating margin | 9900 | €167,715 | €230,670 | +€62,954 | +37.5% |
| Operating profit (loss) | 9901 | €126,020 | €171,501 | +€45,481 | +36.1% |
| Financial income | 75/76B | €1,016 | €857 | -€159 | -15.6% |
| Recurring financial income | 75 | €1,016 | €857 | -€159 | -15.6% |
| Financial charges | 65/66B | €4,371 | €4,331 | -€39 | -0.9% |
| Recurring financial charges | 65 | €4,371 | €4,331 | -€39 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €122,666 | €168,027 | +€45,361 | +37.0% |
| Income taxes | 67/77 | €37,584 | €58,993 | +€21,409 | +57.0% |
| Profit (loss) for the period | 9904 | €85,081 | €109,034 | +€23,952 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €85,081 | €109,034 | +€23,952 | +28.2% |
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 5 October 2026 via checked.be.