CVBK: 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.
CVBK
Largest movements
- Stocks and contracts -€11,564
down €11,564 (-23.1%), from €50,024 to €38,460
- Cash +€10,648
up €10,648 (+343%), from €3,109 to €13,757
mainly Debts after one year (+€35,000) and Net result for the year (+€22,948)
- Receivables within one year -€2,795
down €2,795 (-83.2%), from €3,360 to €565
of which Other amounts receivable: -€2,479
- Current portion of long-term debt -€70,000
down €70,000 (-100%), from €70,000 to €0
- Debts after one year +€35,000
new in 2025: €35,000
- Profit (loss) carried forward +€22,948
up €22,948 (+95.0%), from -€24,153 to -€1,205
- Tax, wage and social debts +€6,895
up €6,895 (+47,983%), from €14 to €6,910
- Trade debts +€1,266
up €1,266 (+156%), from €811 to €2,077
- Gross operating margin +€48,180
up €48,180, from -€19,360 to €28,820
- Other operating charges +€1,552
up €1,552 (+2,039%), from €76 to €1,628
- Depreciation -€1,039
down €1,039 (-100%), from €1,039 to €0
- Financial charges +€471
up €471 (+12.8%), from €3,677 to €4,148
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 | €56,673 | €52,782 | -€3,891 | -6.9% |
| Current assets | 29/58 | €56,673 | €52,782 | -€3,891 | -6.9% |
| Stocks and contracts in progress | 3 | €50,024 | €38,460 | -€11,564 | -23.1% |
| Stocks | 30/36 | €50,024 | €38,460 | -€11,564 | -23.1% |
| Amounts receivable within one year | 40/41 | €3,360 | €565 | -€2,795 | -83.2% |
| Trade receivables | 40 | €316 | €0 | -€316 | -100% |
| Other amounts receivable | 41 | €3,044 | €565 | -€2,479 | -81.4% |
| Cash at bank and in hand | 54/58 | €3,109 | €13,757 | +€10,648 | +343% |
| Deferred charges and accrued income | 490/1 | €180 | €0 | -€180 | -100% |
| Total equity and liabilities | 10/49 | €56,673 | €52,782 | -€3,891 | -6.9% |
| Equity | 10/15 | -€14,153 | €8,795 | +€22,948 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,153 | -€1,205 | +€22,948 | +95.0% |
| Amounts payable | 17/49 | €70,826 | €43,987 | -€26,839 | -37.9% |
| Amounts payable after more than one year | 17 | - | €35,000 | +€35,000 | |
| Financial debts | 170/4 | - | €35,000 | +€35,000 | |
| Amounts payable within one year | 42/48 | €70,826 | €8,987 | -€61,839 | -87.3% |
| Current portion of amounts payable after more than one year | 42 | €70,000 | €0 | -€70,000 | -100% |
| Trade debts | 44 | €811 | €2,077 | +€1,266 | +156% |
| Suppliers | 440/4 | €811 | €2,077 | +€1,266 | +156% |
| Taxes, remuneration and social security | 45 | €14 | €6,910 | +€6,895 | +47,983% |
| Taxes | 450/3 | €14 | €6,910 | +€6,895 | +47,983% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,039 | €0 | -€1,039 | -100% |
| Other operating charges | 640/8 | €76 | €1,628 | +€1,552 | +2,039% |
| Gross operating margin | 9900 | -€19,360 | €28,820 | +€48,180 | |
| Operating profit (loss) | 9901 | -€20,476 | €27,192 | +€47,668 | |
| Financial charges | 65/66B | €3,677 | €4,148 | +€471 | +12.8% |
| Recurring financial charges | 65 | €3,677 | €4,148 | +€471 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,153 | €23,043 | +€47,197 | |
| Income taxes | 67/77 | - | €95 | +€95 | |
| Profit (loss) for the period | 9904 | -€24,153 | €22,948 | +€47,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,153 | €22,948 | +€47,101 |
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 23 October 2026 via checked.be.