CSVAL Consulting: 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.
CSVAL Consulting
Largest movements
- Cash +€37,319
up €37,319 (+63.4%), from €58,846 to €96,165
mainly Net result for the year (+€24,414) and Receivables within one year (+€12,673)
- Receivables within one year -€12,673
down €12,673 (-44.5%), from €28,455 to €15,782
of which Trade receivables: -€12,692
- Profit (loss) carried forward +€24,414
up €24,414 (+33.2%), from €73,481 to €97,895
- Tax, wage and social debts +€1,285
up €1,285 (+9.2%), from €13,977 to €15,262
- Gross operating margin +€3,401
up €3,401 (+9.7%), from €35,238 to €38,639
- Staff costs +€1,800
up €1,800 (+89.6%), from €2,010 to €3,810
- Financial charges -€825
down €825 (-30.4%), from €2,717 to €1,892
- Taxes +€586
up €586 (+8.2%), from €7,177 to €7,763
- Other operating charges +€400
new in 2025: €400
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 | €88,744 | €114,225 | +€25,481 | +28.7% |
| Fixed assets | 21/28 | €1,376 | €2,209 | +€833 | +60.5% |
| Tangible fixed assets | 22/27 | €1,376 | €2,209 | +€833 | +60.5% |
| Plant, machinery and equipment | 23 | €1,062 | €741 | -€321 | -30.2% |
| Furniture and vehicles | 24 | €314 | €1,468 | +€1,154 | +367.5% |
| Current assets | 29/58 | €87,368 | €112,016 | +€24,648 | +28.2% |
| Amounts receivable within one year | 40/41 | €28,455 | €15,782 | -€12,673 | -44.5% |
| Trade receivables | 40 | €28,387 | €15,695 | -€12,692 | -44.7% |
| Other amounts receivable | 41 | €68 | €87 | +€19 | +27.9% |
| Cash at bank and in hand | 54/58 | €58,846 | €96,165 | +€37,319 | +63.4% |
| Deferred charges and accrued income | 490/1 | €67 | €69 | +€2 | +3.0% |
| Total equity and liabilities | 10/49 | €88,744 | €114,225 | +€25,481 | +28.7% |
| Equity | 10/15 | €74,481 | €98,895 | +€24,414 | +32.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,481 | €97,895 | +€24,414 | +33.2% |
| Amounts payable | 17/49 | €14,263 | €15,330 | +€1,067 | +7.5% |
| Amounts payable within one year | 42/48 | €14,263 | €15,330 | +€1,067 | +7.5% |
| Trade debts | 44 | €286 | €68 | -€218 | -76.2% |
| Suppliers | 440/4 | €286 | €68 | -€218 | -76.2% |
| Taxes, remuneration and social security | 45 | €13,977 | €15,262 | +€1,285 | +9.2% |
| Taxes | 450/3 | €13,977 | €15,262 | +€1,285 | +9.2% |
| Remuneration, social security and pensions | 62 | €2,010 | €3,810 | +€1,800 | +89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €679 | €650 | -€29 | -4.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €35,238 | €38,639 | +€3,401 | +9.7% |
| Operating profit (loss) | 9901 | €32,549 | €33,779 | +€1,230 | +3.8% |
| Financial income | 75/76B | €227 | €290 | +€63 | +27.8% |
| Recurring financial income | 75 | €227 | €290 | +€63 | +27.8% |
| Financial charges | 65/66B | €2,717 | €1,892 | -€825 | -30.4% |
| Recurring financial charges | 65 | €2,717 | €1,892 | -€825 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €30,059 | €32,177 | +€2,118 | +7.0% |
| Income taxes | 67/77 | €7,177 | €7,763 | +€586 | +8.2% |
| Profit (loss) for the period | 9904 | €22,882 | €24,414 | +€1,532 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,882 | €24,414 | +€1,532 | +6.7% |
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 8 October 2026 via checked.be.