CVG: 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.
CVG
Largest movements
- Receivables within one year -€15,011
down €15,011 (-61.6%), from €24,376 to €9,365
of which Trade receivables: -€9,171
- Intangible fixed assets -€13,666
down €13,666 (-21.6%), from €63,246 to €49,580
- Cash -€9,284
down €9,284 (-21.9%), from €42,302 to €33,018
mainly Trade debts (-€62,768)
- Trade debts -€62,768
down €62,768 (-62.5%), from €100,377 to €37,610
- Profit (loss) carried forward +€17,250
up €17,250 (+78.2%), from €22,060 to €39,310
- Tax, wage and social debts +€6,461
new in 2025: €6,461
- Gross operating margin +€57,208
up €57,208 (+434.6%), from €13,162 to €70,370
- Other operating charges +€29,085
up €29,085 (+1221.3%), from €2,381 to €31,467
- Taxes +€6,461
new in 2025: €6,461
- Depreciation +€757
up €757 (+5.9%), from €12,909 to €13,666
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 | €130,497 | €92,281 | -€38,215 | -29.3% |
| Fixed assets | 21/28 | €63,246 | €49,580 | -€13,666 | -21.6% |
| Intangible fixed assets | 21 | €63,246 | €49,580 | -€13,666 | -21.6% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €67,251 | €42,702 | -€24,549 | -36.5% |
| Amounts receivable within one year | 40/41 | €24,376 | €9,365 | -€15,011 | -61.6% |
| Trade receivables | 40 | €17,803 | €8,633 | -€9,171 | -51.5% |
| Other amounts receivable | 41 | €6,573 | €732 | -€5,841 | -88.9% |
| Cash at bank and in hand | 54/58 | €42,302 | €33,018 | -€9,284 | -21.9% |
| Deferred charges and accrued income | 490/1 | €573 | €318 | -€254 | -44.4% |
| Total equity and liabilities | 10/49 | €130,497 | €92,281 | -€38,215 | -29.3% |
| Equity | 10/15 | €30,120 | €47,370 | +€17,250 | +57.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,060 | €39,310 | +€17,250 | +78.2% |
| Amounts payable | 17/49 | €100,377 | €44,912 | -€55,465 | -55.3% |
| Amounts payable within one year | 42/48 | €100,377 | €44,912 | -€55,465 | -55.3% |
| Trade debts | 44 | €100,377 | €37,610 | -€62,768 | -62.5% |
| Suppliers | 440/4 | €100,377 | €37,610 | -€62,768 | -62.5% |
| Taxes, remuneration and social security | 45 | - | €6,461 | +€6,461 | |
| Taxes | 450/3 | - | €6,461 | +€6,461 | |
| Other amounts payable | 47/48 | - | €841 | +€841 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,909 | €13,666 | +€757 | +5.9% |
| Other operating charges | 640/8 | €2,381 | €31,467 | +€29,085 | +1221.3% |
| Gross operating margin | 9900 | €13,162 | €70,370 | +€57,208 | +434.6% |
| Operating profit (loss) | 9901 | -€2,129 | €25,237 | +€27,366 | |
| Financial income | 75/76B | €2 | €65 | +€63 | +3022.2% |
| Recurring financial income | 75 | €2 | €65 | +€63 | +3022.2% |
| Financial charges | 65/66B | €1,122 | €1,590 | +€469 | +41.8% |
| Recurring financial charges | 65 | €1,122 | €1,590 | +€469 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,248 | €23,711 | +€26,960 | |
| Income taxes | 67/77 | - | €6,461 | +€6,461 | |
| Profit (loss) for the period | 9904 | -€3,248 | €17,250 | +€20,498 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,248 | €17,250 | +€20,498 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.