CV 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.
CV MANAGEMENT
Largest movements
- Cash +€40,867
up €40,867 (+69.3%), from €58,940 to €99,807
mainly Net result for the year (+€81,849) and Trade debts (+€2,638)
- Receivables within one year +€38,131
up €38,131 (+33.9%), from €112,463 to €150,594
of which Other amounts receivable: +€43,875
- Reserves +€60,000
up €60,000 (+39.3%), from €152,622 to €212,622
- Profit (loss) carried forward +€21,849
new in 2025: €21,849
- Gross operating margin +€26,078
up €26,078 (+29.8%), from €87,575 to €113,654
- Financial income -€25,000
down €25,000 (-83.3%), from €30,000 to €5,000
- Taxes +€9,676
up €9,676 (+37.3%), from €25,937 to €35,613
- Other operating charges -€2,106
down €2,106 (-64.6%), from €3,261 to €1,156
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 | €351,260 | €434,377 | +€83,117 | +23.7% |
| Fixed assets | 21/28 | €175,000 | €175,000 | = | 0.0% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €176,260 | €259,377 | +€83,117 | +47.2% |
| Amounts receivable within one year | 40/41 | €112,463 | €150,594 | +€38,131 | +33.9% |
| Trade receivables | 40 | €17,825 | €12,082 | -€5,743 | -32.2% |
| Other amounts receivable | 41 | €94,638 | €138,512 | +€43,875 | +46.4% |
| Cash at bank and in hand | 54/58 | €58,940 | €99,807 | +€40,867 | +69.3% |
| Deferred charges and accrued income | 490/1 | €4,857 | €8,976 | +€4,119 | +84.8% |
| Total equity and liabilities | 10/49 | €351,260 | €434,377 | +€83,117 | +23.7% |
| Equity | 10/15 | €157,622 | €239,470 | +€81,849 | +51.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €152,622 | €212,622 | +€60,000 | +39.3% |
| Distributable reserves | 133 | €152,622 | €212,622 | +€60,000 | +39.3% |
| Profit (loss) carried forward | 14 | - | €21,849 | +€21,849 | |
| Amounts payable | 17/49 | €193,638 | €194,906 | +€1,268 | +0.7% |
| Amounts payable after more than one year | 17 | €175,000 | €175,000 | = | 0.0% |
| Financial debts | 170/4 | €175,000 | €175,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,638 | €19,906 | +€1,268 | +6.8% |
| Trade debts | 44 | €12 | €2,649 | +€2,638 | +22,837% |
| Suppliers | 440/4 | €12 | €2,649 | +€2,638 | +22,837% |
| Taxes, remuneration and social security | 45 | €18,626 | €17,257 | -€1,370 | -7.4% |
| Taxes | 450/3 | €15,976 | €14,507 | -€1,470 | -9.2% |
| Remuneration and social security | 454/9 | €2,650 | €2,750 | +€100 | +3.8% |
| Other operating charges | 640/8 | €3,261 | €1,156 | -€2,106 | -64.6% |
| Gross operating margin | 9900 | €87,575 | €113,654 | +€26,078 | +29.8% |
| Operating profit (loss) | 9901 | €84,314 | €112,498 | +€28,184 | +33.4% |
| Financial income | 75/76B | €30,000 | €5,000 | -€25,000 | -83.3% |
| Recurring financial income | 75 | €30,000 | €5,000 | -€25,000 | -83.3% |
| Financial charges | 65/66B | €110 | €36 | -€74 | -67.4% |
| Recurring financial charges | 65 | €110 | €36 | -€74 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €114,204 | €117,462 | +€3,258 | +2.9% |
| Income taxes | 67/77 | €25,937 | €35,613 | +€9,676 | +37.3% |
| Profit (loss) for the period | 9904 | €88,267 | €81,849 | -€6,418 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,267 | €81,849 | -€6,418 | -7.3% |
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 16 October 2026 via checked.be.