CRV CONCEPT: 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.
CRV CONCEPT
Largest movements
- Receivables within one year +€29,816
up €29,816 (+162.0%), from €18,403 to €48,218
of which Trade receivables: +€24,694
- Cash -€10,962
down €10,962 (-46.8%), from €23,424 to €12,462
mainly Receivables within one year (-€29,816) and Investment in fixed assets (net) (-€14,477)
- Tangible fixed assets -€6,625
down €6,625 (-15.1%), from €43,955 to €37,331
of which Leasing and similar rights: -€11,712
- Intangible fixed assets -€4,000
down €4,000 (-50.0%), from €7,997 to €3,997
- Deferred charges and accrued income +€2,325
new in 2025: €2,325
- Trade debts +€16,740
up €16,740 (+5364.2%), from €312 to €17,052
- Profit (loss) carried forward -€12,758
down €12,758 (-45.1%), from €28,290 to €15,532
- Other debts +€7,839
up €7,839 (+964.2%), from €813 to €8,652
- Advances received -€4,704
no longer reported in 2025 (was €4,704)
- Tax, wage and social debts +€4,539
up €4,539 (+103.3%), from €4,396 to €8,935
of which Remuneration and social security: +€4,636
- Staff costs +€15,278
up €15,278 (+828.6%), from €1,844 to €17,122
- Gross operating margin -€13,589
down €13,589 (-23.4%), from €58,026 to €44,438
- Taxes -€3,122
down €3,122 (-89.2%), from €3,500 to €378
- Financial charges +€2,086
up €2,086 (+66.9%), from €3,117 to €5,202
- Other operating charges -€1,694
down €1,694 (-27.8%), from €6,087 to €4,393
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 | €93,779 | €104,333 | +€10,555 | +11.3% |
| Fixed assets | 21/28 | €51,952 | €41,328 | -€10,625 | -20.5% |
| Intangible fixed assets | 21 | €7,997 | €3,997 | -€4,000 | -50.0% |
| Tangible fixed assets | 22/27 | €43,955 | €37,331 | -€6,625 | -15.1% |
| Plant, machinery and equipment | 23 | €7,027 | €17,477 | +€10,451 | +148.7% |
| Furniture and vehicles | 24 | €8,960 | €3,597 | -€5,363 | -59.9% |
| Leasing and similar rights | 25 | €27,969 | €16,257 | -€11,712 | -41.9% |
| Current assets | 29/58 | €41,827 | €63,006 | +€21,179 | +50.6% |
| Amounts receivable within one year | 40/41 | €18,403 | €48,218 | +€29,816 | +162.0% |
| Trade receivables | 40 | €15,720 | €40,414 | +€24,694 | +157.1% |
| Other amounts receivable | 41 | €2,683 | €7,805 | +€5,122 | +190.9% |
| Cash at bank and in hand | 54/58 | €23,424 | €12,462 | -€10,962 | -46.8% |
| Deferred charges and accrued income | 490/1 | - | €2,325 | +€2,325 | |
| Total equity and liabilities | 10/49 | €93,779 | €104,333 | +€10,555 | +11.3% |
| Equity | 10/15 | €53,290 | €40,532 | -€12,758 | -23.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,290 | €15,532 | -€12,758 | -45.1% |
| Amounts payable | 17/49 | €40,489 | €63,802 | +€23,313 | +57.6% |
| Amounts payable after more than one year | 17 | €17,477 | €13,294 | -€4,183 | -23.9% |
| Financial debts | 170/4 | €17,477 | €13,294 | -€4,183 | -23.9% |
| Amounts payable within one year | 42/48 | €23,011 | €50,507 | +€27,496 | +119.5% |
| Current portion of amounts payable after more than one year | 42 | €12,786 | €15,868 | +€3,082 | +24.1% |
| Trade debts | 44 | €312 | €17,052 | +€16,740 | +5364.2% |
| Suppliers | 440/4 | €312 | €17,052 | +€16,740 | +5364.2% |
| Advances received on contracts in progress | 46 | €4,704 | - | -€4,704 | |
| Taxes, remuneration and social security | 45 | €4,396 | €8,935 | +€4,539 | +103.3% |
| Taxes | 450/3 | €2,385 | €2,288 | -€97 | -4.1% |
| Remuneration and social security | 454/9 | €2,011 | €6,647 | +€4,636 | +230.6% |
| Other amounts payable | 47/48 | €813 | €8,652 | +€7,839 | +964.2% |
| Remuneration, social security and pensions | 62 | €1,844 | €17,122 | +€15,278 | +828.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,721 | €25,102 | +€1,381 | +5.8% |
| Other operating charges | 640/8 | €6,087 | €4,393 | -€1,694 | -27.8% |
| Gross operating margin | 9900 | €58,026 | €44,438 | -€13,589 | -23.4% |
| Operating profit (loss) | 9901 | €26,375 | -€2,180 | -€28,554 | |
| Financial income | 75/76B | €4 | €1 | -€2 | -66.6% |
| Recurring financial income | 75 | €4 | €1 | -€2 | -66.6% |
| Financial charges | 65/66B | €3,117 | €5,202 | +€2,086 | +66.9% |
| Recurring financial charges | 65 | €3,117 | €5,202 | +€2,086 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | €23,262 | -€7,381 | -€30,642 | |
| Income taxes | 67/77 | €3,500 | €378 | -€3,122 | -89.2% |
| Profit (loss) for the period | 9904 | €19,762 | -€7,758 | -€27,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,762 | -€7,758 | -€27,520 |
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 11 October 2026 via checked.be.