CVD-AL: 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.
CVD-AL
Largest movements
- Receivables within one year -€87,062
down €87,062 (-25.7%), from €338,500 to €251,438
of which Trade receivables: -€172,329
- Tax, wage and social debts -€146,881
down €146,881 (-97.9%), from €149,979 to €3,098
- Profit (loss) carried forward +€119,199
new in 2025: €119,199
- Other debts -€108,250
down €108,250 (-8.4%), from €1.3m to €1.2m
- Short-term financial debts +€52,431
new in 2025: €52,431
- Gross operating margin -€311,233
down €311,233 (-65.9%), from €472,559 to €161,326
- Taxes -€85,954
down €85,954 (-68.4%), from €125,687 to €39,733
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 | €1,516,812 | €1,433,970 | -€82,842 | -5.5% |
| Fixed assets | 21/28 | €1,175,280 | €1,175,280 | = | 0.0% |
| Financial fixed assets | 28 | €1,175,280 | €1,175,280 | = | 0.0% |
| Current assets | 29/58 | €341,532 | €258,690 | -€82,842 | -24.3% |
| Amounts receivable within one year | 40/41 | €338,500 | €251,438 | -€87,062 | -25.7% |
| Trade receivables | 40 | €338,500 | €166,171 | -€172,329 | -50.9% |
| Other amounts receivable | 41 | - | €85,267 | +€85,267 | |
| Cash at bank and in hand | 54/58 | €3,032 | €7,252 | +€4,220 | +139% |
| Total equity and liabilities | 10/49 | €1,516,812 | €1,433,970 | -€82,842 | -5.5% |
| Equity | 10/15 | €83,136 | €202,335 | +€119,199 | +143% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €62,676 | €62,676 | = | 0.0% |
| Distributable reserves | 133 | €62,676 | €62,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €119,199 | +€119,199 | |
| Amounts payable | 17/49 | €1,433,676 | €1,231,634 | -€202,041 | -14.1% |
| Amounts payable within one year | 42/48 | €1,433,676 | €1,231,634 | -€202,041 | -14.1% |
| Financial debts | 43 | - | €52,431 | +€52,431 | |
| Credit institutions | 430/8 | - | €52,431 | +€52,431 | |
| Trade debts | 44 | €1,189 | €1,847 | +€658 | +55.3% |
| Suppliers | 440/4 | €1,189 | €1,847 | +€658 | +55.3% |
| Taxes, remuneration and social security | 45 | €149,979 | €3,098 | -€146,881 | -97.9% |
| Taxes | 450/3 | €149,979 | €3,098 | -€146,881 | -97.9% |
| Other amounts payable | 47/48 | €1,282,508 | €1,174,258 | -€108,250 | -8.4% |
| Other operating charges | 640/8 | €1,078 | €1,088 | +€9 | +0.9% |
| Gross operating margin | 9900 | €472,559 | €161,326 | -€311,233 | -65.9% |
| Operating profit (loss) | 9901 | €471,481 | €160,239 | -€311,242 | -66.0% |
| Financial charges | 65/66B | €522 | €1,306 | +€785 | +150% |
| Recurring financial charges | 65 | €522 | €1,306 | +€785 | +150% |
| Profit (loss) for the period before taxes | 9903 | €470,959 | €158,932 | -€312,027 | -66.3% |
| Income taxes | 67/77 | €125,687 | €39,733 | -€85,954 | -68.4% |
| Profit (loss) for the period | 9904 | €345,272 | €119,199 | -€226,073 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €345,272 | €119,199 | -€226,073 | -65.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.