CVDW Stables: 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.
CVDW Stables
Largest movements
- Tangible fixed assets -€800
down €800 (-49.4%), from €1,619 to €819
of which Plant, machinery and equipment: -€620
- Other debts +€25,199
up €25,199 (+17.8%), from €141,475 to €166,674
- Profit (loss) carried forward -€24,227
down €24,227 (-25.0%), from -€96,733 to -€120,960
- Trade debts -€1,620
down €1,620 (-51.2%), from €3,167 to €1,547
- Gross operating margin -€7,526
down €7,526 (-49.6%), from -€15,165 to -€22,690
- Depreciation -€3,673
down €3,673 (-82.1%), from €4,473 to €800
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 | €49,909 | €49,261 | -€648 | -1.3% |
| Fixed assets | 21/28 | €1,619 | €819 | -€800 | -49.4% |
| Tangible fixed assets | 22/27 | €1,619 | €819 | -€800 | -49.4% |
| Land and buildings | 22 | €975 | €795 | -€180 | -18.5% |
| Plant, machinery and equipment | 23 | €644 | €24 | -€620 | -96.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €48,290 | €48,442 | +€152 | +0.3% |
| Stocks and contracts in progress | 3 | €47,765 | €47,765 | = | 0.0% |
| Stocks | 30/36 | €47,765 | €47,765 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €473 | €581 | +€108 | +22.9% |
| Other amounts receivable | 41 | €473 | €581 | +€108 | +22.9% |
| Cash at bank and in hand | 54/58 | €2 | €1 | -€1 | -40.0% |
| Deferred charges and accrued income | 490/1 | €51 | €96 | +€45 | +87.6% |
| Total equity and liabilities | 10/49 | €49,909 | €49,261 | -€648 | -1.3% |
| Equity | 10/15 | -€94,733 | -€118,960 | -€24,227 | -25.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,733 | -€120,960 | -€24,227 | -25.0% |
| Amounts payable | 17/49 | €144,642 | €168,221 | +€23,579 | +16.3% |
| Amounts payable within one year | 42/48 | €144,642 | €168,221 | +€23,579 | +16.3% |
| Trade debts | 44 | €3,167 | €1,547 | -€1,620 | -51.2% |
| Suppliers | 440/4 | €3,167 | €1,547 | -€1,620 | -51.2% |
| Other amounts payable | 47/48 | €141,475 | €166,674 | +€25,199 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,473 | €800 | -€3,673 | -82.1% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€15,165 | -€22,690 | -€7,526 | -49.6% |
| Operating profit (loss) | 9901 | -€20,165 | -€24,034 | -€3,869 | -19.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €189 | €192 | +€3 | +1.8% |
| Recurring financial charges | 65 | €189 | €192 | +€3 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,354 | -€24,227 | -€3,873 | -19.0% |
| Profit (loss) for the period | 9904 | -€20,354 | -€24,227 | -€3,873 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,354 | -€24,227 | -€3,873 | -19.0% |
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 10 October 2026 via checked.be.