CPV MANAGEMENT: 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.
CPV MANAGEMENT
Largest movements
- Cash +€20,815
up €20,815 (+28.4%), from €73,376 to €94,192
mainly Net result for the year (+€110,368) and Other debts (+€20,000)
- Other debts +€20,000
up €20,000 (+22.2%), from €90,000 to €110,000
- Trade debts +€2,452
up €2,452 (+56.3%), from €4,352 to €6,804
- Gross operating margin +€29,170
up €29,170 (+24.0%), from €121,652 to €150,823
- Taxes +€7,262
up €7,262 (+28.1%), from €25,827 to €33,089
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,182 | €143,914 | +€21,732 | +17.8% |
| Fixed assets | 21/28 | €14,425 | €15,596 | +€1,171 | +8.1% |
| Tangible fixed assets | 22/27 | €14,425 | €15,596 | +€1,171 | +8.1% |
| Furniture and vehicles | 24 | €7,909 | €9,848 | +€1,939 | +24.5% |
| Other tangible fixed assets | 26 | €6,516 | €5,748 | -€768 | -11.8% |
| Current assets | 29/58 | €107,757 | €128,319 | +€20,561 | +19.1% |
| Amounts receivable within one year | 40/41 | €32,859 | €33,803 | +€944 | +2.9% |
| Trade receivables | 40 | €25,286 | €24,191 | -€1,095 | -4.3% |
| Other amounts receivable | 41 | €7,573 | €9,612 | +€2,039 | +26.9% |
| Cash at bank and in hand | 54/58 | €73,376 | €94,192 | +€20,815 | +28.4% |
| Deferred charges and accrued income | 490/1 | €1,522 | €324 | -€1,198 | -78.7% |
| Total equity and liabilities | 10/49 | €122,182 | €143,914 | +€21,732 | +17.8% |
| Equity | 10/15 | €18,653 | €19,021 | +€368 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53 | €421 | +€368 | +696.4% |
| Amounts payable | 17/49 | €103,529 | €124,894 | +€21,364 | +20.6% |
| Amounts payable within one year | 42/48 | €103,529 | €124,894 | +€21,364 | +20.6% |
| Trade debts | 44 | €4,352 | €6,804 | +€2,452 | +56.3% |
| Suppliers | 440/4 | €4,352 | €6,804 | +€2,452 | +56.3% |
| Taxes, remuneration and social security | 45 | €9,177 | €8,089 | -€1,088 | -11.9% |
| Taxes | 450/3 | €9,177 | €8,089 | -€1,088 | -11.9% |
| Other amounts payable | 47/48 | €90,000 | €110,000 | +€20,000 | +22.2% |
| Remuneration, social security and pensions | 62 | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,603 | €3,949 | +€346 | +9.6% |
| Other operating charges | 640/8 | €320 | €380 | +€60 | +18.8% |
| Gross operating margin | 9900 | €121,652 | €150,823 | +€29,170 | +24.0% |
| Operating profit (loss) | 9901 | €117,729 | €146,411 | +€28,682 | +24.4% |
| Financial income | 75/76B | €60 | €0 | -€60 | -100.0% |
| Recurring financial income | 75 | €60 | €0 | -€60 | -100.0% |
| Financial charges | 65/66B | €2,241 | €2,954 | +€713 | +31.8% |
| Recurring financial charges | 65 | €2,241 | €2,954 | +€713 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | €115,548 | €143,457 | +€27,909 | +24.2% |
| Income taxes | 67/77 | €25,827 | €33,089 | +€7,262 | +28.1% |
| Profit (loss) for the period | 9904 | €89,721 | €110,368 | +€20,647 | +23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,721 | €110,368 | +€20,647 | +23.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.