CVBA: 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.
CVBA
Largest movements
- Cash +€36,865
up €36,865 (+36.0%), from €102,451 to €139,316
mainly Trade debts (+€63,992) and Depreciation (+€13,713)
- Tangible fixed assets +€31,870
up €31,870 (+127.3%), from €25,045 to €56,915
- Stocks and contracts +€14,705
up €14,705 (+28.8%), from €51,060 to €65,765
- Receivables within one year -€9,600
down €9,600 (-25.7%), from €37,342 to €27,742
of which Other amounts receivable: -€9,666
- Trade debts +€63,992
up €63,992 (+119.4%), from €53,617 to €117,609
- Profit (loss) carried forward +€5,763
up €5,763 (+4.1%), from €139,875 to €145,639
- Tax, wage and social debts +€3,706
up €3,706 (+53.8%), from €6,894 to €10,600
- Gross operating margin +€4,953
up €4,953 (+5.4%), from €92,073 to €97,026
- Other operating charges -€2,344
down €2,344 (-24.7%), from €9,496 to €7,152
- Taxes +€2,157
up €2,157 (+86.7%), from €2,488 to €4,646
- Staff costs -€1,865
down €1,865 (-2.7%), from €69,127 to €67,262
- Financial income -€1,326
down €1,326 (-45.4%), from €2,921 to €1,595
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 | €219,881 | €292,835 | +€72,953 | +33.2% |
| Fixed assets | 21/28 | €25,045 | €56,915 | +€31,870 | +127.3% |
| Tangible fixed assets | 22/27 | €25,045 | €56,915 | +€31,870 | +127.3% |
| Land and buildings | 22 | €891 | €14,857 | +€13,966 | +1567.2% |
| Plant, machinery and equipment | 23 | €19,852 | €26,328 | +€6,476 | +32.6% |
| Furniture and vehicles | 24 | €4,302 | €4,522 | +€221 | +5.1% |
| Other tangible fixed assets | 26 | - | €11,207 | +€11,207 | |
| Current assets | 29/58 | €194,837 | €235,920 | +€41,083 | +21.1% |
| Stocks and contracts in progress | 3 | €51,060 | €65,765 | +€14,705 | +28.8% |
| Stocks | 30/36 | €51,060 | €65,765 | +€14,705 | +28.8% |
| Amounts receivable within one year | 40/41 | €37,342 | €27,742 | -€9,600 | -25.7% |
| Trade receivables | 40 | €3,205 | €3,272 | +€67 | +2.1% |
| Other amounts receivable | 41 | €34,137 | €24,470 | -€9,666 | -28.3% |
| Cash at bank and in hand | 54/58 | €102,451 | €139,316 | +€36,865 | +36.0% |
| Deferred charges and accrued income | 490/1 | €3,984 | €3,097 | -€887 | -22.3% |
| Total equity and liabilities | 10/49 | €219,881 | €292,835 | +€72,953 | +33.2% |
| Equity | 10/15 | €158,862 | €164,626 | +€5,763 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €387 | €387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €84 | €84 | = | 0.0% |
| Reserves not available under the articles | 1311 | €84 | €84 | = | 0.0% |
| Tax-exempt reserves | 132 | €303 | €303 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,875 | €145,639 | +€5,763 | +4.1% |
| Amounts payable | 17/49 | €61,019 | €128,209 | +€67,190 | +110.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €61,019 | €128,209 | +€67,190 | +110.1% |
| Current portion of amounts payable after more than one year | 42 | €508 | €0 | -€508 | -100.0% |
| Trade debts | 44 | €53,617 | €117,609 | +€63,992 | +119.4% |
| Suppliers | 440/4 | €53,617 | €117,609 | +€63,992 | +119.4% |
| Taxes, remuneration and social security | 45 | €6,894 | €10,600 | +€3,706 | +53.8% |
| Remuneration and social security | 454/9 | €6,894 | €10,600 | +€3,706 | +53.8% |
| Remuneration, social security and pensions | 62 | €69,127 | €67,262 | -€1,865 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,859 | €13,713 | +€854 | +6.6% |
| Other operating charges | 640/8 | €9,496 | €7,152 | -€2,344 | -24.7% |
| Gross operating margin | 9900 | €92,073 | €97,026 | +€4,953 | +5.4% |
| Operating profit (loss) | 9901 | €591 | €8,898 | +€8,307 | +1405.7% |
| Financial income | 75/76B | €2,921 | €1,595 | -€1,326 | -45.4% |
| Recurring financial income | 75 | €2,921 | €1,595 | -€1,326 | -45.4% |
| Financial charges | 65/66B | €141 | €85 | -€57 | -40.2% |
| Recurring financial charges | 65 | €141 | €85 | -€57 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €3,371 | €10,409 | +€7,038 | +208.8% |
| Income taxes | 67/77 | €2,488 | €4,646 | +€2,157 | +86.7% |
| Profit (loss) for the period | 9904 | €882 | €5,763 | +€4,881 | +553.1% |
| Profit (loss) for the period to be appropriated | 9905 | €882 | €5,763 | +€4,881 | +553.1% |
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 29 September 2026 via checked.be.