CNVCO: 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.
CNVCO
Largest movements
- Cash -€72,615
down €72,615 (-75.0%), from €96,759 to €24,144
mainly Other debts (-€83,583) and Contributions, distributions and other (-€23,880)
- Receivables within one year -€6,577
down €6,577 (-33.3%), from €19,768 to €13,191
of which Trade receivables: -€8,861
- Tangible fixed assets -€5,131
down €5,131 (-24.8%), from €20,700 to €15,570
- Other debts -€83,583
down €83,583 (-65.3%), from €127,919 to €44,336
- Tax, wage and social debts +€2,484
up €2,484 (+35.7%), from €6,953 to €9,437
- Profit (loss) carried forward -€2,235
down €2,235 (-99.9%), from €2,238 to €3
- Gross operating margin -€25,492
down €25,492 (-42.4%), from €60,192 to €34,700
- Taxes -€6,059
down €6,059 (-49.0%), from €12,375 to €6,316
- Financial income -€1,166
no longer reported in 2025 (was €1,166)
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 | €138,084 | €53,820 | -€84,264 | -61.0% |
| Fixed assets | 21/28 | €20,700 | €15,570 | -€5,131 | -24.8% |
| Tangible fixed assets | 22/27 | €20,700 | €15,570 | -€5,131 | -24.8% |
| Furniture and vehicles | 24 | €20,700 | €15,570 | -€5,131 | -24.8% |
| Current assets | 29/58 | €117,384 | €38,251 | -€79,133 | -67.4% |
| Amounts receivable within one year | 40/41 | €19,768 | €13,191 | -€6,577 | -33.3% |
| Trade receivables | 40 | €19,151 | €10,290 | -€8,861 | -46.3% |
| Other amounts receivable | 41 | €617 | €2,901 | +€2,284 | +370% |
| Cash at bank and in hand | 54/58 | €96,759 | €24,144 | -€72,615 | -75.0% |
| Deferred charges and accrued income | 490/1 | €857 | €916 | +€59 | +6.9% |
| Total equity and liabilities | 10/49 | €138,084 | €53,820 | -€84,264 | -61.0% |
| Equity | 10/15 | €2,239 | €4 | -€2,235 | -99.8% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,238 | €3 | -€2,235 | -99.9% |
| Amounts payable | 17/49 | €135,845 | €53,817 | -€82,028 | -60.4% |
| Amounts payable within one year | 42/48 | €135,845 | €53,817 | -€82,028 | -60.4% |
| Trade debts | 44 | €973 | €44 | -€930 | -95.5% |
| Suppliers | 440/4 | €973 | €44 | -€930 | -95.5% |
| Taxes, remuneration and social security | 45 | €6,953 | €9,437 | +€2,484 | +35.7% |
| Taxes | 450/3 | €6,953 | €9,437 | +€2,484 | +35.7% |
| Other amounts payable | 47/48 | €127,919 | €44,336 | -€83,583 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,811 | €5,131 | +€320 | +6.7% |
| Other operating charges | 640/8 | €937 | €1,407 | +€470 | +50.2% |
| Gross operating margin | 9900 | €60,192 | €34,700 | -€25,492 | -42.4% |
| Operating profit (loss) | 9901 | €54,445 | €28,163 | -€26,282 | -48.3% |
| Financial income | 75/76B | €1,166 | - | -€1,166 | |
| Recurring financial income | 75 | €1,166 | - | -€1,166 | |
| Financial charges | 65/66B | €689 | €202 | -€487 | -70.6% |
| Recurring financial charges | 65 | €689 | €202 | -€487 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | €54,921 | €27,960 | -€26,961 | -49.1% |
| Income taxes | 67/77 | €12,375 | €6,316 | -€6,059 | -49.0% |
| Profit (loss) for the period | 9904 | €42,546 | €21,645 | -€20,902 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,546 | €21,645 | -€20,902 | -49.1% |
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 22 October 2026 via checked.be.