CVB: 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.
CVB
Largest movements
- Receivables within one year -€42,844
down €42,844 (-72.0%), from €59,476 to €16,632
of which Other amounts receivable: -€35,305
- Stocks and contracts -€29,030
down €29,030 (-27.6%), from €105,053 to €76,023
- Cash +€27,440
up €27,440 (+233%), from €11,801 to €39,240
mainly Receivables within one year (+€42,844) and Stocks and contracts (+€29,030)
- Tangible fixed assets -€3,211
down €3,211 (-12.2%), from €26,378 to €23,167
of which Plant, machinery and equipment: -€2,315
- Trade debts -€66,677
no longer reported in 2025 (was €66,677)
- Tax, wage and social debts +€10,497
up €10,497 (+458%), from €2,291 to €12,788
- Profit (loss) carried forward +€9,085
up €9,085 (+29.3%), from -€31,037 to -€21,952
- Other debts +€7,658
new in 2025: €7,658
- Debts after one year -€4,974
down €4,974 (-37.3%), from €13,343 to €8,368
- Turnover +€354,738
new in 2025: €354,738
- Purchases and services +€319,511
new in 2025: €319,511
- Gross operating margin +€63,707
up €63,707, from -€24,705 to €39,002
- Depreciation +€7,690
up €7,690 (+229%), from €3,359 to €11,049
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 | €228,042 | €178,896 | -€49,146 | -21.6% |
| Fixed assets | 21/28 | €51,712 | €47,001 | -€4,711 | -9.1% |
| Intangible fixed assets | 21 | €14,234 | €12,734 | -€1,500 | -10.5% |
| Tangible fixed assets | 22/27 | €26,378 | €23,167 | -€3,211 | -12.2% |
| Plant, machinery and equipment | 23 | €11,056 | €8,741 | -€2,315 | -20.9% |
| Furniture and vehicles | 24 | €15,323 | €14,427 | -€896 | -5.8% |
| Financial fixed assets | 28 | €11,100 | €11,100 | = | 0.0% |
| Current assets | 29/58 | €176,330 | €131,895 | -€44,435 | -25.2% |
| Stocks and contracts in progress | 3 | €105,053 | €76,023 | -€29,030 | -27.6% |
| Stocks | 30/36 | €105,053 | €76,023 | -€29,030 | -27.6% |
| Amounts receivable within one year | 40/41 | €59,476 | €16,632 | -€42,844 | -72.0% |
| Trade receivables | 40 | €24,171 | €16,632 | -€7,539 | -31.2% |
| Other amounts receivable | 41 | €35,305 | - | -€35,305 | |
| Cash at bank and in hand | 54/58 | €11,801 | €39,240 | +€27,440 | +233% |
| Total equity and liabilities | 10/49 | €228,042 | €178,896 | -€49,146 | -21.6% |
| Equity | 10/15 | €118,963 | €128,048 | +€9,085 | +7.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,037 | -€21,952 | +€9,085 | +29.3% |
| Amounts payable | 17/49 | €109,079 | €50,848 | -€58,230 | -53.4% |
| Amounts payable after more than one year | 17 | €13,343 | €8,368 | -€4,974 | -37.3% |
| Financial debts | 170/4 | €13,343 | €8,368 | -€4,974 | -37.3% |
| Amounts payable within one year | 42/48 | €95,736 | €42,480 | -€53,256 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €4,747 | €4,974 | +€228 | +4.8% |
| Financial debts | 43 | €4,960 | - | -€4,960 | |
| Credit institutions | 430/8 | €4,960 | - | -€4,960 | |
| Trade debts | 44 | €66,677 | - | -€66,677 | |
| Suppliers | 440/4 | €66,677 | - | -€66,677 | |
| Advances received on contracts in progress | 46 | €17,060 | €17,060 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,291 | €12,788 | +€10,497 | +458% |
| Taxes | 450/3 | €2,291 | €12,788 | +€10,497 | +458% |
| Other amounts payable | 47/48 | - | €7,658 | +€7,658 | |
| Turnover | 70 | - | €354,738 | +€354,738 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €319,511 | +€319,511 | |
| Remuneration, social security and pensions | 62 | €2,146 | - | -€2,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,359 | €11,049 | +€7,690 | +229% |
| Other operating charges | 640/8 | €580 | €1,437 | +€857 | +148% |
| Gross operating margin | 9900 | -€24,705 | €39,002 | +€63,707 | |
| Operating profit (loss) | 9901 | -€30,790 | €26,516 | +€57,307 | |
| Financial income | 75/76B | €681 | €43 | -€638 | -93.7% |
| Recurring financial income | 75 | €681 | €43 | -€638 | -93.7% |
| Financial charges | 65/66B | €927 | €2,474 | +€1,546 | +167% |
| Recurring financial charges | 65 | €927 | €2,474 | +€1,546 | +167% |
| Profit (loss) for the period before taxes | 9903 | -€31,037 | €24,085 | +€55,123 | |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€31,037 | €24,085 | +€55,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,037 | €24,085 | +€55,122 |
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 15 October 2026 via checked.be.