CIVETTA: 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.
CIVETTA
Largest movements
- Cash +€25,387
up €25,387 (+108.1%), from €23,494 to €48,880
mainly Net result for the year (+€13,885) and Depreciation (+€4,880)
- Tangible fixed assets -€4,880
down €4,880 (-84.3%), from €5,792 to €912
- Deferred charges and accrued income -€4,475
down €4,475 (-100.0%), from €4,475 to €0
- Reserves +€13,885
up €13,885 (+778.6%), from €1,783 to €15,668
- Tax, wage and social debts +€1,270
up €1,270 (+131.9%), from €963 to €2,233
- Other debts +€1,248
up €1,248 (+12.4%), from €10,052 to €11,300
- Trade debts -€560
down €560 (-45.3%), from €1,238 to €678
- Gross operating margin +€21,071
up €21,071, from -€538 to €20,533
- Other operating charges -€1,070
down €1,070 (-44.5%), from €2,406 to €1,336
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 | €34,036 | €49,878 | +€15,842 | +46.5% |
| Fixed assets | 21/28 | €5,792 | €912 | -€4,880 | -84.3% |
| Tangible fixed assets | 22/27 | €5,792 | €912 | -€4,880 | -84.3% |
| Furniture and vehicles | 24 | €5,792 | €912 | -€4,880 | -84.3% |
| Current assets | 29/58 | €28,244 | €48,966 | +€20,722 | +73.4% |
| Amounts receivable within one year | 40/41 | €276 | €86 | -€190 | -68.7% |
| Other amounts receivable | 41 | €276 | €86 | -€190 | -68.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €23,494 | €48,880 | +€25,387 | +108.1% |
| Deferred charges and accrued income | 490/1 | €4,475 | €0 | -€4,475 | -100.0% |
| Total equity and liabilities | 10/49 | €34,036 | €49,878 | +€15,842 | +46.5% |
| Equity | 10/15 | €21,783 | €35,668 | +€13,885 | +63.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,783 | €15,668 | +€13,885 | +778.6% |
| Distributable reserves | 133 | €1,783 | €15,668 | +€13,885 | +778.6% |
| Amounts payable | 17/49 | €12,253 | €14,211 | +€1,958 | +16.0% |
| Amounts payable within one year | 42/48 | €12,253 | €14,211 | +€1,958 | +16.0% |
| Trade debts | 44 | €1,238 | €678 | -€560 | -45.3% |
| Suppliers | 440/4 | €1,238 | €678 | -€560 | -45.3% |
| Taxes, remuneration and social security | 45 | €963 | €2,233 | +€1,270 | +131.9% |
| Taxes | 450/3 | €963 | €2,233 | +€1,270 | +131.9% |
| Other amounts payable | 47/48 | €10,052 | €11,300 | +€1,248 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,722 | €4,880 | +€158 | +3.3% |
| Other operating charges | 640/8 | €2,406 | €1,336 | -€1,070 | -44.5% |
| Gross operating margin | 9900 | -€538 | €20,533 | +€21,071 | |
| Operating profit (loss) | 9901 | -€7,666 | €14,317 | +€21,983 | |
| Financial charges | 65/66B | €108 | €177 | +€69 | +63.4% |
| Recurring financial charges | 65 | €108 | €177 | +€69 | +63.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,774 | €14,140 | +€21,914 | |
| Income taxes | 67/77 | €248 | €256 | +€8 | +3.2% |
| Profit (loss) for the period | 9904 | -€8,022 | €13,885 | +€21,906 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,022 | €13,885 | +€21,906 |
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 10 October 2026 via checked.be.