CVD CONSULTING: 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 CONSULTING
Largest movements
- Cash -€18,616
down €18,616 (-11.6%), from €160,981 to €142,365
mainly Contributions, distributions and other (-€51,994) and Other debts (-€42,423)
- Receivables within one year +€16,704
up €16,704 (+65.3%), from €25,582 to €42,287
of which Trade receivables: +€16,725
- Reserves +€87,657
up €87,657 (+27.5%), from €318,954 to €406,611
of which Distributable reserves: +€87,657
- Profit (loss) carried forward -€51,994
no longer reported in 2025 (was €51,994)
- Other debts -€42,423
down €42,423 (-44.8%), from €94,689 to €52,266
- Gross operating margin -€66,245
down €66,245 (-36.1%), from €183,412 to €117,167
- Taxes -€8,375
down €8,375 (-19.2%), from €43,678 to €35,303
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 | €493,339 | €489,117 | -€4,222 | -0.9% |
| Fixed assets | 21/28 | €121 | - | -€121 | |
| Tangible fixed assets | 22/27 | €121 | - | -€121 | |
| Furniture and vehicles | 24 | €121 | - | -€121 | |
| Current assets | 29/58 | €493,218 | €489,117 | -€4,101 | -0.8% |
| Amounts receivable within one year | 40/41 | €25,582 | €42,287 | +€16,704 | +65.3% |
| Trade receivables | 40 | €24,700 | €41,425 | +€16,725 | +67.7% |
| Other amounts receivable | 41 | €882 | €862 | -€21 | -2.3% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €160,981 | €142,365 | -€18,616 | -11.6% |
| Deferred charges and accrued income | 490/1 | €6,655 | €4,465 | -€2,190 | -32.9% |
| Total equity and liabilities | 10/49 | €493,339 | €489,117 | -€4,222 | -0.9% |
| Equity | 10/15 | €389,548 | €425,211 | +€35,663 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €318,954 | €406,611 | +€87,657 | +27.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €317,094 | €404,751 | +€87,657 | +27.6% |
| Profit (loss) carried forward | 14 | €51,994 | - | -€51,994 | |
| Amounts payable | 17/49 | €103,791 | €63,906 | -€39,885 | -38.4% |
| Amounts payable within one year | 42/48 | €103,519 | €63,514 | -€40,005 | -38.6% |
| Trade debts | 44 | €3,374 | €2,984 | -€390 | -11.5% |
| Suppliers | 440/4 | €3,374 | €2,984 | -€390 | -11.5% |
| Taxes, remuneration and social security | 45 | €5,456 | €8,264 | +€2,808 | +51.5% |
| Taxes | 450/3 | €5,456 | €6,374 | +€918 | +16.8% |
| Remuneration and social security | 454/9 | - | €1,890 | +€1,890 | |
| Other amounts payable | 47/48 | €94,689 | €52,266 | -€42,423 | -44.8% |
| Accrued charges and deferred income | 492/3 | €272 | €392 | +€120 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153 | €121 | -€32 | -21.0% |
| Other operating charges | 640/8 | €597 | €615 | +€18 | +3.1% |
| Gross operating margin | 9900 | €183,412 | €117,167 | -€66,245 | -36.1% |
| Operating profit (loss) | 9901 | €182,663 | €116,431 | -€66,231 | -36.3% |
| Financial income | 75/76B | €7,729 | €6,774 | -€955 | -12.4% |
| Recurring financial income | 75 | €7,729 | €6,774 | -€955 | -12.4% |
| Financial charges | 65/66B | €520 | €245 | -€275 | -52.9% |
| Recurring financial charges | 65 | €520 | €245 | -€275 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €189,872 | €122,960 | -€66,911 | -35.2% |
| Income taxes | 67/77 | €43,678 | €35,303 | -€8,375 | -19.2% |
| Profit (loss) for the period | 9904 | €146,194 | €87,657 | -€58,537 | -40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €146,194 | €87,657 | -€58,537 | -40.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.