CVG SERVICES: 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.
CVG SERVICES
Largest movements
- Receivables within one year +€41,593
up €41,593 (+17.8%), from €233,991 to €275,584
of which Trade receivables: +€25,789
- Tangible fixed assets -€16,964
down €16,964 (-37.5%), from €45,227 to €28,263
of which Furniture and vehicles: -€12,585
- Cash -€16,070
down €16,070 (-70.8%), from €22,698 to €6,628
mainly Trade debts (-€78,696) and Receivables within one year (-€41,593)
- Trade debts -€78,696
down €78,696 (-73.7%), from €106,785 to €28,089
- Other debts +€70,186
up €70,186 (+57.6%), from €121,836 to €192,022
- Reserves +€14,022
up €14,022 (+24.3%), from €57,768 to €71,789
- Tax, wage and social debts +€4,012
up €4,012 (+69.7%), from €5,757 to €9,769
of which Taxes: +€5,842
- Gross operating margin +€17,638
up €17,638 (+37.5%), from €47,021 to €64,659
- Other operating charges -€3,992
down €3,992 (-41.2%), from €9,700 to €5,709
- Taxes +€3,122
up €3,122 (+122%), from €2,558 to €5,681
- Staff costs +€2,676
up €2,676 (+11.4%), from €23,523 to €26,199
- Depreciation +€1,583
up €1,583 (+10.3%), from €15,381 to €16,964
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 | €312,146 | €321,670 | +€9,524 | +3.1% |
| Fixed assets | 21/28 | €45,227 | €28,263 | -€16,964 | -37.5% |
| Tangible fixed assets | 22/27 | €45,227 | €28,263 | -€16,964 | -37.5% |
| Land and buildings | 22 | €6,614 | €4,733 | -€1,881 | -28.4% |
| Plant, machinery and equipment | 23 | €5,085 | €2,587 | -€2,498 | -49.1% |
| Furniture and vehicles | 24 | €33,527 | €20,942 | -€12,585 | -37.5% |
| Current assets | 29/58 | €266,919 | €293,407 | +€26,487 | +9.9% |
| Amounts receivable within one year | 40/41 | €233,991 | €275,584 | +€41,593 | +17.8% |
| Trade receivables | 40 | €43,301 | €69,091 | +€25,789 | +59.6% |
| Other amounts receivable | 41 | €190,690 | €206,494 | +€15,804 | +8.3% |
| Cash at bank and in hand | 54/58 | €22,698 | €6,628 | -€16,070 | -70.8% |
| Deferred charges and accrued income | 490/1 | €10,230 | €11,194 | +€964 | +9.4% |
| Total equity and liabilities | 10/49 | €312,146 | €321,670 | +€9,524 | +3.1% |
| Equity | 10/15 | €77,768 | €91,789 | +€14,022 | +18.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €57,768 | €71,789 | +€14,022 | +24.3% |
| Distributable reserves | 133 | €57,768 | €71,789 | +€14,022 | +24.3% |
| Amounts payable | 17/49 | €234,378 | €229,880 | -€4,498 | -1.9% |
| Amounts payable within one year | 42/48 | €234,378 | €229,880 | -€4,498 | -1.9% |
| Trade debts | 44 | €106,785 | €28,089 | -€78,696 | -73.7% |
| Suppliers | 440/4 | €106,785 | €28,089 | -€78,696 | -73.7% |
| Taxes, remuneration and social security | 45 | €5,757 | €9,769 | +€4,012 | +69.7% |
| Taxes | 450/3 | €2,130 | €7,972 | +€5,842 | +274% |
| Remuneration and social security | 454/9 | €3,628 | €1,798 | -€1,830 | -50.4% |
| Other amounts payable | 47/48 | €121,836 | €192,022 | +€70,186 | +57.6% |
| Remuneration, social security and pensions | 62 | €23,523 | €26,199 | +€2,676 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,381 | €16,964 | +€1,583 | +10.3% |
| Other operating charges | 640/8 | €9,700 | €5,709 | -€3,992 | -41.2% |
| Gross operating margin | 9900 | €47,021 | €64,659 | +€17,638 | +37.5% |
| Operating profit (loss) | 9901 | -€1,583 | €15,788 | +€17,371 | |
| Financial income | 75/76B | €4,784 | €3,975 | -€809 | -16.9% |
| Recurring financial income | 75 | €4,784 | €3,975 | -€809 | -16.9% |
| Financial charges | 65/66B | €63 | €61 | -€2 | -2.5% |
| Recurring financial charges | 65 | €63 | €61 | -€2 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €3,138 | €19,702 | +€16,564 | +528% |
| Income taxes | 67/77 | €2,558 | €5,681 | +€3,122 | +122% |
| Profit (loss) for the period | 9904 | €580 | €14,022 | +€13,442 | +2,319% |
| Profit (loss) for the period to be appropriated | 9905 | €580 | €14,022 | +€13,442 | +2,319% |
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 16 October 2026 via checked.be.