CVC: 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.
CVC
Largest movements
- Cash +€35,468
up €35,468 (+206.6%), from €17,166 to €52,634
mainly Debts after one year (+€21,875) and Stocks and contracts (+€15,940)
- Stocks and contracts -€15,940
down €15,940 (-16.9%), from €94,584 to €78,643
- Tangible fixed assets -€3,800
down €3,800 (-43.6%), from €8,708 to €4,909
- Debts after one year +€21,875
new in 2025: €21,875
- Current portion of long-term debt -€7,460
down €7,460 (-70.5%), from €10,585 to €3,125
- Tax, wage and social debts -€6,876
down €6,876 (-35.5%), from €19,357 to €12,481
of which Taxes: -€3,987
- Trade debts +€5,947
up €5,947 (+116.7%), from €5,097 to €11,044
- Profit (loss) carried forward +€2,771
up €2,771 (+3.5%), from €80,299 to €83,070
- Gross operating margin -€16,563
down €16,563 (-35.9%), from €46,192 to €29,628
- Staff costs -€4,512
down €4,512 (-18.0%), from €25,001 to €20,489
- Taxes -€2,700
down €2,700, from €2,208 to -€491
- Depreciation +€608
up €608 (+18.5%), from €3,292 to €3,900
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 | €130,338 | €146,595 | +€16,257 | +12.5% |
| Fixed assets | 21/28 | €9,208 | €5,308 | -€3,900 | -42.4% |
| Intangible fixed assets | 21 | €500 | €400 | -€100 | -20.0% |
| Tangible fixed assets | 22/27 | €8,708 | €4,909 | -€3,800 | -43.6% |
| Furniture and vehicles | 24 | €8,708 | €4,909 | -€3,800 | -43.6% |
| Current assets | 29/58 | €121,130 | €141,286 | +€20,157 | +16.6% |
| Stocks and contracts in progress | 3 | €94,584 | €78,643 | -€15,940 | -16.9% |
| Stocks | 30/36 | €94,584 | €78,643 | -€15,940 | -16.9% |
| Amounts receivable within one year | 40/41 | €9,380 | €9,804 | +€425 | +4.5% |
| Trade receivables | 40 | €5,788 | €9,127 | +€3,339 | +57.7% |
| Other amounts receivable | 41 | €3,592 | €678 | -€2,915 | -81.1% |
| Cash at bank and in hand | 54/58 | €17,166 | €52,634 | +€35,468 | +206.6% |
| Deferred charges and accrued income | 490/1 | - | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €130,338 | €146,595 | +€16,257 | +12.5% |
| Equity | 10/15 | €95,299 | €98,070 | +€2,771 | +2.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,299 | €83,070 | +€2,771 | +3.5% |
| Amounts payable | 17/49 | €35,039 | €48,525 | +€13,486 | +38.5% |
| Amounts payable after more than one year | 17 | - | €21,875 | +€21,875 | |
| Financial debts | 170/4 | - | €21,875 | +€21,875 | |
| Amounts payable within one year | 42/48 | €35,039 | €26,650 | -€8,389 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €10,585 | €3,125 | -€7,460 | -70.5% |
| Trade debts | 44 | €5,097 | €11,044 | +€5,947 | +116.7% |
| Suppliers | 440/4 | €5,097 | €11,044 | +€5,947 | +116.7% |
| Taxes, remuneration and social security | 45 | €19,357 | €12,481 | -€6,876 | -35.5% |
| Taxes | 450/3 | €12,006 | €8,019 | -€3,987 | -33.2% |
| Remuneration and social security | 454/9 | €7,351 | €4,462 | -€2,889 | -39.3% |
| Remuneration, social security and pensions | 62 | €25,001 | €20,489 | -€4,512 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,292 | €3,900 | +€608 | +18.5% |
| Other operating charges | 640/8 | €1,919 | €2,327 | +€408 | +21.3% |
| Gross operating margin | 9900 | €46,192 | €29,628 | -€16,563 | -35.9% |
| Operating profit (loss) | 9901 | €15,980 | €2,912 | -€13,067 | -81.8% |
| Financial income | 75/76B | €510 | €392 | -€118 | -23.1% |
| Recurring financial income | 75 | €510 | €392 | -€118 | -23.1% |
| Financial charges | 65/66B | €1,271 | €1,025 | -€246 | -19.3% |
| Recurring financial charges | 65 | €1,271 | €1,025 | -€246 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €15,219 | €2,279 | -€12,939 | -85.0% |
| Income taxes | 67/77 | €2,208 | -€491 | -€2,700 | |
| Profit (loss) for the period | 9904 | €13,011 | €2,771 | -€10,240 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,011 | €2,771 | -€10,240 | -78.7% |
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 8 October 2026 via checked.be.