CVD DIGITAL: 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.
CVD DIGITAL
Largest movements
- Receivables within one year +€19,813
up €19,813 (+160.5%), from €12,347 to €32,160
of which Other amounts receivable: +€13,260
- Cash +€19,648
up €19,648 (+228.3%), from €8,606 to €28,254
mainly Net result for the year (+€47,438) and Tax, wage and social debts (+€17,410)
- Tangible fixed assets +€14,160
up €14,160 (+1587.6%), from €892 to €15,051
- Stocks and contracts +€3,600
new in 2025: €3,600
- Profit (loss) carried forward +€47,438
up €47,438 (+384.8%), from €12,328 to €59,766
- Tax, wage and social debts +€17,410
up €17,410 (+1443.8%), from €1,206 to €18,616
of which Taxes: +€17,260
- Other debts -€5,587
no longer reported in 2025 (was €5,587)
- Trade debts -€1,781
down €1,781 (-82.2%), from €2,166 to €385
- Gross operating margin +€46,648
up €46,648 (+254.3%), from €18,342 to €64,989
- Taxes +€9,605
up €9,605 (+267.9%), from €3,585 to €13,190
- Depreciation +€2,467
up €2,467 (+10023.3%), from €25 to €2,491
- Financial charges +€873
up €873 (+114.2%), from €764 to €1,637
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 | €22,287 | €79,767 | +€57,480 | +257.9% |
| Fixed assets | 21/28 | €892 | €15,051 | +€14,160 | +1587.6% |
| Tangible fixed assets | 22/27 | €892 | €15,051 | +€14,160 | +1587.6% |
| Furniture and vehicles | 24 | €892 | €15,051 | +€14,160 | +1587.6% |
| Current assets | 29/58 | €21,395 | €64,715 | +€43,320 | +202.5% |
| Stocks and contracts in progress | 3 | - | €3,600 | +€3,600 | |
| Stocks | 30/36 | - | €3,600 | +€3,600 | |
| Amounts receivable within one year | 40/41 | €12,347 | €32,160 | +€19,813 | +160.5% |
| Trade receivables | 40 | €11,682 | €18,235 | +€6,554 | +56.1% |
| Other amounts receivable | 41 | €665 | €13,925 | +€13,260 | +1993.9% |
| Cash at bank and in hand | 54/58 | €8,606 | €28,254 | +€19,648 | +228.3% |
| Deferred charges and accrued income | 490/1 | €442 | €702 | +€260 | +58.7% |
| Total equity and liabilities | 10/49 | €22,287 | €79,767 | +€57,480 | +257.9% |
| Equity | 10/15 | €13,328 | €60,766 | +€47,438 | +355.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,328 | €59,766 | +€47,438 | +384.8% |
| Amounts payable | 17/49 | €8,959 | €19,001 | +€10,042 | +112.1% |
| Amounts payable within one year | 42/48 | €8,959 | €19,001 | +€10,042 | +112.1% |
| Trade debts | 44 | €2,166 | €385 | -€1,781 | -82.2% |
| Suppliers | 440/4 | €2,166 | €385 | -€1,781 | -82.2% |
| Taxes, remuneration and social security | 45 | €1,206 | €18,616 | +€17,410 | +1443.8% |
| Taxes | 450/3 | €1,206 | €18,466 | +€17,260 | +1431.4% |
| Remuneration and social security | 454/9 | - | €150 | +€150 | |
| Other amounts payable | 47/48 | €5,587 | - | -€5,587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25 | €2,491 | +€2,467 | +10023.3% |
| Other operating charges | 640/8 | €781 | €233 | -€548 | -70.2% |
| Gross operating margin | 9900 | €18,342 | €64,989 | +€46,648 | +254.3% |
| Operating profit (loss) | 9901 | €17,536 | €62,265 | +€44,729 | +255.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €764 | €1,637 | +€873 | +114.2% |
| Recurring financial charges | 65 | €764 | €1,637 | +€873 | +114.2% |
| Profit (loss) for the period before taxes | 9903 | €16,772 | €60,628 | +€43,856 | +261.5% |
| Income taxes | 67/77 | €3,585 | €13,190 | +€9,605 | +267.9% |
| Profit (loss) for the period | 9904 | €13,187 | €47,438 | +€34,251 | +259.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,187 | €47,438 | +€34,251 | +259.7% |
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 5 October 2026 via checked.be.