CVDBK: 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.
CVDBK
Largest movements
- Cash -€44,349
down €44,349 (-60.0%), from €73,886 to €29,537
mainly Investment in fixed assets (net) (-€51,576) and Other debts (-€44,060)
- Tangible fixed assets +€40,844
up €40,844 (+31.6%), from €129,296 to €170,140
of which Furniture and vehicles: +€47,182
- Deferred charges and accrued income -€14,604
down €14,604 (-84.4%), from €17,305 to €2,701
- Receivables within one year +€9,136
up €9,136 (+13.8%), from €66,114 to €75,250
of which Other amounts receivable: +€10,999
- Other debts -€44,060
down €44,060 (-89.4%), from €49,298 to €5,238
- Debts after one year +€19,302
up €19,302 (+22.8%), from €84,644 to €103,946
- Reserves +€8,600
up €8,600 (+6.9%), from €124,769 to €133,369
- Current portion of long-term debt +€7,757
up €7,757 (+66.2%), from €11,723 to €19,480
- Gross operating margin -€51,564
down €51,564 (-65.3%), from €78,963 to €27,399
- Taxes -€12,418
down €12,418 (-83.7%), from €14,829 to €2,412
- Depreciation +€1,438
up €1,438 (+15.5%), from €9,293 to €10,731
- Financial income -€1,286
down €1,286 (-81.4%), from €1,579 to €293
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 | €286,600 | €277,628 | -€8,973 | -3.1% |
| Fixed assets | 21/28 | €129,296 | €170,140 | +€40,844 | +31.6% |
| Tangible fixed assets | 22/27 | €129,296 | €170,140 | +€40,844 | +31.6% |
| Land and buildings | 22 | €123,400 | €116,950 | -€6,450 | -5.2% |
| Plant, machinery and equipment | 23 | €2,502 | €2,614 | +€112 | +4.5% |
| Furniture and vehicles | 24 | €3,394 | €50,576 | +€47,182 | +1,390% |
| Current assets | 29/58 | €157,305 | €107,488 | -€49,817 | -31.7% |
| Amounts receivable within one year | 40/41 | €66,114 | €75,250 | +€9,136 | +13.8% |
| Trade receivables | 40 | €63,336 | €61,473 | -€1,863 | -2.9% |
| Other amounts receivable | 41 | €2,778 | €13,777 | +€10,999 | +396% |
| Cash at bank and in hand | 54/58 | €73,886 | €29,537 | -€44,349 | -60.0% |
| Deferred charges and accrued income | 490/1 | €17,305 | €2,701 | -€14,604 | -84.4% |
| Total equity and liabilities | 10/49 | €286,600 | €277,628 | -€8,973 | -3.1% |
| Equity | 10/15 | €131,100 | €139,669 | +€8,569 | +6.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €124,769 | €133,369 | +€8,600 | +6.9% |
| Distributable reserves | 133 | €124,769 | €133,369 | +€8,600 | +6.9% |
| Profit (loss) carried forward | 14 | €131 | €101 | -€31 | -23.3% |
| Amounts payable | 17/49 | €155,500 | €137,958 | -€17,542 | -11.3% |
| Amounts payable after more than one year | 17 | €84,644 | €103,946 | +€19,302 | +22.8% |
| Financial debts | 170/4 | €84,644 | €103,946 | +€19,302 | +22.8% |
| Amounts payable within one year | 42/48 | €70,179 | €33,332 | -€36,847 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | €11,723 | €19,480 | +€7,757 | +66.2% |
| Trade debts | 44 | €1,388 | €844 | -€544 | -39.2% |
| Suppliers | 440/4 | €1,388 | €844 | -€544 | -39.2% |
| Taxes, remuneration and social security | 45 | €7,770 | €7,770 | = | 0.0% |
| Taxes | 450/3 | €7,770 | €7,770 | = | 0.0% |
| Other amounts payable | 47/48 | €49,298 | €5,238 | -€44,060 | -89.4% |
| Accrued charges and deferred income | 492/3 | €678 | €680 | +€3 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,293 | €10,731 | +€1,438 | +15.5% |
| Other operating charges | 640/8 | €1,318 | €1,506 | +€188 | +14.3% |
| Gross operating margin | 9900 | €78,963 | €27,399 | -€51,564 | -65.3% |
| Operating profit (loss) | 9901 | €68,351 | €15,161 | -€53,190 | -77.8% |
| Financial income | 75/76B | €1,579 | €293 | -€1,286 | -81.4% |
| Recurring financial income | 75 | €1,579 | €293 | -€1,286 | -81.4% |
| Financial charges | 65/66B | €2,659 | €2,807 | +€149 | +5.6% |
| Recurring financial charges | 65 | €2,659 | €2,807 | +€149 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €67,271 | €12,647 | -€54,624 | -81.2% |
| Income taxes | 67/77 | €14,829 | €2,412 | -€12,418 | -83.7% |
| Profit (loss) for the period | 9904 | €52,442 | €10,235 | -€42,207 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,442 | €10,235 | -€42,207 | -80.5% |
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 13 October 2026 via checked.be.