CV-ELEC: 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.
CV-ELEC
Largest movements
- Receivables within one year +€10,169
up €10,169 (+69.9%), from €14,543 to €24,713
of which Trade receivables: +€11,687
- Cash +€8,852
up €8,852 (+10.2%), from €87,078 to €95,929
mainly Net result for the year (+€20,240) and Depreciation (+€3,040)
- Intangible fixed assets -€2,294
down €2,294 (-50.0%), from €4,588 to €2,294
- Reserves +€20,240
up €20,240 (+42.9%), from €47,146 to €67,386
- Trade debts -€1,761
down €1,761 (-4.7%), from €37,215 to €35,454
- Other debts -€1,527
down €1,527 (-26.2%), from €5,824 to €4,298
- Turnover +€46,382
up €46,382 (+21.1%), from €220,108 to €266,490
- Purchases and services +€36,036
up €36,036 (+18.7%), from €192,710 to €228,745
- Gross operating margin +€27,902
up €27,902 (+194%), from €14,382 to €42,284
- Taxes +€9,245
up €9,245 (+400%), from €2,309 to €11,555
- Staff costs +€5,579
up €5,579 (+505%), from €1,104 to €6,683
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 | €109,036 | €125,262 | +€16,226 | +14.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €7,024 | €4,260 | -€2,764 | -39.3% |
| Intangible fixed assets | 21 | €4,588 | €2,294 | -€2,294 | -50.0% |
| Tangible fixed assets | 22/27 | €2,436 | €1,966 | -€470 | -19.3% |
| Plant, machinery and equipment | 23 | €1,928 | €1,315 | -€613 | -31.8% |
| Furniture and vehicles | 24 | €508 | €651 | +€143 | +28.2% |
| Current assets | 29/58 | €102,012 | €121,002 | +€18,990 | +18.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,543 | €24,713 | +€10,169 | +69.9% |
| Trade receivables | 40 | €10,237 | €21,924 | +€11,687 | +114% |
| Other amounts receivable | 41 | €4,306 | €2,788 | -€1,518 | -35.2% |
| Cash at bank and in hand | 54/58 | €87,078 | €95,929 | +€8,852 | +10.2% |
| Deferred charges and accrued income | 490/1 | €391 | €360 | -€32 | -8.1% |
| Total equity and liabilities | 10/49 | €109,036 | €125,262 | +€16,226 | +14.9% |
| Equity | 10/15 | €50,146 | €70,386 | +€20,240 | +40.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,146 | €67,386 | +€20,240 | +42.9% |
| Distributable reserves | 133 | €47,146 | €67,386 | +€20,240 | +42.9% |
| Amounts payable | 17/49 | €58,891 | €54,876 | -€4,014 | -6.8% |
| Amounts payable within one year | 42/48 | €58,837 | €54,876 | -€3,960 | -6.7% |
| Trade debts | 44 | €37,215 | €35,454 | -€1,761 | -4.7% |
| Suppliers | 440/4 | €37,215 | €35,454 | -€1,761 | -4.7% |
| Taxes, remuneration and social security | 45 | €15,797 | €15,124 | -€673 | -4.3% |
| Taxes | 450/3 | €15,797 | €14,348 | -€1,450 | -9.2% |
| Remuneration and social security | 454/9 | €0 | €777 | +€777 | |
| Other amounts payable | 47/48 | €5,824 | €4,298 | -€1,527 | -26.2% |
| Accrued charges and deferred income | 492/3 | €54 | €0 | -€54 | -100% |
| Turnover | 70 | €220,108 | €266,490 | +€46,382 | +21.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €192,710 | €228,745 | +€36,036 | +18.7% |
| Remuneration, social security and pensions | 62 | €1,104 | €6,683 | +€5,579 | +505% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,983 | €3,040 | +€57 | +1.9% |
| Other operating charges | 640/8 | €980 | €916 | -€64 | -6.5% |
| Non-recurring operating charges | 66A | €11 | €508 | +€497 | +4,371% |
| Gross operating margin | 9900 | €14,382 | €42,284 | +€27,902 | +194% |
| Operating profit (loss) | 9901 | €9,304 | €31,138 | +€21,833 | +235% |
| Financial income | 75/76B | €0 | €923 | +€923 | |
| Recurring financial income | 75 | €0 | €923 | +€923 | |
| Financial charges | 65/66B | €990 | €266 | -€724 | -73.1% |
| Recurring financial charges | 65 | €990 | €266 | -€724 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €8,315 | €31,795 | +€23,480 | +282% |
| Income taxes | 67/77 | €2,309 | €11,555 | +€9,245 | +400% |
| Profit (loss) for the period | 9904 | €6,005 | €20,240 | +€14,235 | +237% |
| Profit (loss) for the period to be appropriated | 9905 | €6,005 | €20,240 | +€14,235 | +237% |
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 19 October 2026 via checked.be.