CV Consultancy: 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.
What changed
CV Consultancy
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1,593
2024 · €54,582-€56,175
Equity
€926,808
2024 · €934,620-€7,811
Cash
€452
2024 · €7,099-€6,647
Balance sheet total
€1.9m
2024 · €2.6m-€756,128
Largest movements
Assets
- Receivables within one year -€692,313
down €692,313 (-47.4%), from €1.5m to €768,282
of which Other amounts receivable: -€712,944
- Tangible fixed assets -€57,063
down €57,063 (-4.9%), from €1.2m to €1.1m
of which Land and buildings: -€37,640
Equity and liabilities
- Debts after one year -€762,754
down €762,754 (-71.6%), from €1.1m to €302,304
of which Other amounts payable: -€601,800
- Trade debts +€168,927
up €168,927 (+147%), from €115,305 to €284,232
- Short-term financial debts -€100,280
down €100,280 (-99.7%), from €100,533 to €253
Income statement
- Gross operating margin -€58,144
down €58,144 (-26.3%), from €221,071 to €162,927
- Other operating charges +€38,989
up €38,989 (+192%), from €20,331 to €59,319
- Taxes -€19,938
down €19,938 (-77.2%), from €25,824 to €5,886
- Financial charges -€13,714
down €13,714 (-16.6%), from €82,676 to €68,962
- Financial income +€13,303
up €13,303 (+19.4%), from €68,497 to €81,800
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.
Result 2024
€54,582
Gross operating margin
-€58,144
Staff costs
-€8,578
Depreciation
+€882
Other operating charges
-€38,989
Financial income
+€13,303
Financial charges
+€13,714
Taxes
+€19,938
Deferred taxes and other
+€1,697
Result 2025
-€1,593
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€914,671
Investment
-€43,226
Financing
-€878,092
Cash 2024
€7,099
From operations (derived)
+€914,671
Net result for the year
-€1,593
Depreciation
+€100,786
Receivables within one year
+€692,313
Deferred charges and accrued income
-€392
Provisions
-€5,075
Trade debts
+€168,927
Tax, wage and social debts
-€4,448
Advances received
-€2,157
Other debts
-€23,389
Accrued charges and deferred income
-€10,300
Investment (derived)
-€43,226
Investment in fixed assets (net)
-€43,723
Current investments
+€497
Financing
-€878,092
Debts after one year
-€762,754
Current portion of long-term debt
-€8,840
Short-term financial debts
-€100,280
Contributions, distributions and other
-€6,218
Cash 2025
€452
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,641,602 | €1,885,474 | -€756,128 | -28.6% |
| Fixed assets | 21/28 | €1,168,923 | €1,111,860 | -€57,063 | -4.9% |
| Tangible fixed assets | 22/27 | €1,168,923 | €1,111,860 | -€57,063 | -4.9% |
| Land and buildings | 22 | €1,125,998 | €1,088,358 | -€37,640 | -3.3% |
| Plant, machinery and equipment | 23 | €3,788 | - | -€3,788 | |
| Furniture and vehicles | 24 | €39,137 | €23,502 | -€15,635 | -40.0% |
| Current assets | 29/58 | €1,472,680 | €773,614 | -€699,065 | -47.5% |
| Amounts receivable within one year | 40/41 | €1,460,595 | €768,282 | -€692,313 | -47.4% |
| Trade receivables | 40 | €30,482 | €51,113 | +€20,631 | +67.7% |
| Other amounts receivable | 41 | €1,430,114 | €717,170 | -€712,944 | -49.9% |
| Current investments | 50/53 | €861 | €364 | -€497 | -57.7% |
| Cash at bank and in hand | 54/58 | €7,099 | €452 | -€6,647 | -93.6% |
| Deferred charges and accrued income | 490/1 | €4,124 | €4,516 | +€392 | +9.5% |
| Total equity and liabilities | 10/49 | €2,641,602 | €1,885,474 | -€756,128 | -28.6% |
| Equity | 10/15 | €934,620 | €926,808 | -€7,811 | -0.8% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €794,620 | €786,808 | -€7,811 | -1.0% |
| Tax-exempt reserves | 132 | €70,889 | €55,663 | -€15,226 | -21.5% |
| Distributable reserves | 133 | €723,731 | €731,146 | +€7,415 | +1.0% |
| Provisions and deferred taxes | 16 | €23,630 | €18,554 | -€5,075 | -21.5% |
| Deferred taxes | 168 | €23,630 | €18,554 | -€5,075 | -21.5% |
| Amounts payable | 17/49 | €1,683,353 | €940,111 | -€743,241 | -44.2% |
| Amounts payable after more than one year | 17 | €1,065,058 | €302,304 | -€762,754 | -71.6% |
| Financial debts | 170/4 | €463,258 | €302,304 | -€160,954 | -34.7% |
| Other amounts payable | 178/9 | €601,800 | - | -€601,800 | |
| Amounts payable within one year | 42/48 | €569,514 | €599,327 | +€29,813 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €111,242 | €102,402 | -€8,840 | -7.9% |
| Financial debts | 43 | €100,533 | €253 | -€100,280 | -99.7% |
| Credit institutions | 430/8 | €100,533 | €253 | -€100,280 | -99.7% |
| Trade debts | 44 | €115,305 | €284,232 | +€168,927 | +147% |
| Suppliers | 440/4 | €115,305 | €284,232 | +€168,927 | +147% |
| Advances received on contracts in progress | 46 | €2,157 | - | -€2,157 | |
| Taxes, remuneration and social security | 45 | €30,282 | €25,834 | -€4,448 | -14.7% |
| Taxes | 450/3 | €26,798 | €18,569 | -€8,230 | -30.7% |
| Remuneration and social security | 454/9 | €3,484 | €7,265 | +€3,782 | +109% |
| Other amounts payable | 47/48 | €209,996 | €186,606 | -€23,389 | -11.1% |
| Accrued charges and deferred income | 492/3 | €48,781 | €38,481 | -€10,300 | -21.1% |
| Remuneration, social security and pensions | 62 | €7,865 | €16,443 | +€8,578 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,668 | €100,786 | -€882 | -0.9% |
| Other operating charges | 640/8 | €20,331 | €59,319 | +€38,989 | +192% |
| Gross operating margin | 9900 | €221,071 | €162,927 | -€58,144 | -26.3% |
| Operating profit (loss) | 9901 | €91,207 | -€13,621 | -€104,828 | |
| Financial income | 75/76B | €68,497 | €81,800 | +€13,303 | +19.4% |
| Recurring financial income | 75 | €68,497 | €81,800 | +€13,303 | +19.4% |
| Financial charges | 65/66B | €82,676 | €68,962 | -€13,714 | -16.6% |
| Recurring financial charges | 65 | €82,676 | €68,962 | -€13,714 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €77,028 | -€783 | -€77,811 | |
| Transfer from deferred taxes | 780 | €3,378 | €5,075 | +€1,697 | +50.2% |
| Income taxes | 67/77 | €25,824 | €5,886 | -€19,938 | -77.2% |
| Profit (loss) for the period | 9904 | €54,582 | -€1,593 | -€56,175 | |
| Transfer from tax-exempt reserves | 789 | €10,135 | €15,226 | +€5,091 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,717 | €13,633 | -€51,084 | -78.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.