CVGO: 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.
CVGO
Largest movements
- Cash +€65,450
up €65,450 (+41.3%), from €158,297 to €223,747
mainly Net result for the year (+€58,248) and Depreciation (+€21,864)
- Tangible fixed assets -€21,864
down €21,864 (-12.4%), from €175,979 to €154,115
of which Furniture and vehicles: -€11,012
- Receivables within one year -€7,800
down €7,800 (-94.0%), from €8,300 to €500
of which Other amounts receivable: -€7,800
- Profit (loss) carried forward +€58,248
up €58,248 (+55.4%), from -€105,207 to -€46,959
- Debts after one year -€21,619
down €21,619 (-32.1%), from €67,322 to €45,703
- Trade debts -€17,651
down €17,651 (-54.9%), from €32,148 to €14,497
- Other debts +€15,953
up €15,953 (+6.3%), from €251,238 to €267,191
- Financial charges -€51,889
down €51,889 (-92.7%), from €56,002 to €4,113
- Gross operating margin +€32,542
up €32,542 (+57.9%), from €56,233 to €88,775
- Other operating charges +€2,522
up €2,522 (+132%), from €1,908 to €4,430
- Depreciation +€895
up €895 (+4.3%), from €20,969 to €21,864
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 | €349,471 | €385,441 | +€35,970 | +10.3% |
| Fixed assets | 21/28 | €176,174 | €154,310 | -€21,864 | -12.4% |
| Tangible fixed assets | 22/27 | €175,979 | €154,115 | -€21,864 | -12.4% |
| Land and buildings | 22 | €91,051 | €86,157 | -€4,894 | -5.4% |
| Plant, machinery and equipment | 23 | €41,986 | €36,029 | -€5,957 | -14.2% |
| Furniture and vehicles | 24 | €42,942 | €31,930 | -€11,012 | -25.6% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €173,297 | €231,131 | +€57,834 | +33.4% |
| Amounts receivable within one year | 40/41 | €8,300 | €500 | -€7,800 | -94.0% |
| Trade receivables | 40 | €500 | €500 | = | 0.0% |
| Other amounts receivable | 41 | €7,800 | - | -€7,800 | |
| Cash at bank and in hand | 54/58 | €158,297 | €223,747 | +€65,450 | +41.3% |
| Deferred charges and accrued income | 490/1 | €6,700 | €6,884 | +€184 | +2.7% |
| Total equity and liabilities | 10/49 | €349,471 | €385,441 | +€35,970 | +10.3% |
| Equity | 10/15 | -€21,947 | €36,301 | +€58,248 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €70,860 | €70,860 | = | 0.0% |
| Distributable reserves | 133 | €70,860 | €70,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,207 | -€46,959 | +€58,248 | +55.4% |
| Amounts payable | 17/49 | €371,418 | €349,140 | -€22,278 | -6.0% |
| Amounts payable after more than one year | 17 | €67,322 | €45,703 | -€21,619 | -32.1% |
| Financial debts | 170/4 | €67,322 | €45,703 | -€21,619 | -32.1% |
| Amounts payable within one year | 42/48 | €304,096 | €303,436 | -€660 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €20,710 | €21,619 | +€909 | +4.4% |
| Trade debts | 44 | €32,148 | €14,497 | -€17,651 | -54.9% |
| Suppliers | 440/4 | €32,148 | €14,497 | -€17,651 | -54.9% |
| Taxes, remuneration and social security | 45 | - | €130 | +€130 | |
| Taxes | 450/3 | - | €130 | +€130 | |
| Other amounts payable | 47/48 | €251,238 | €267,191 | +€15,953 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,969 | €21,864 | +€895 | +4.3% |
| Other operating charges | 640/8 | €1,908 | €4,430 | +€2,522 | +132% |
| Gross operating margin | 9900 | €56,233 | €88,775 | +€32,542 | +57.9% |
| Operating profit (loss) | 9901 | €33,356 | €62,481 | +€29,125 | +87.3% |
| Financial income | 75/76B | €18 | €5 | -€13 | -73.5% |
| Recurring financial income | 75 | €18 | €5 | -€13 | -73.5% |
| Financial charges | 65/66B | €56,002 | €4,113 | -€51,889 | -92.7% |
| Recurring financial charges | 65 | €56,002 | €4,113 | -€51,889 | -92.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,628 | €58,373 | +€81,001 | |
| Income taxes | 67/77 | €154 | €125 | -€29 | -19.1% |
| Profit (loss) for the period | 9904 | -€22,782 | €58,248 | +€81,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,782 | €58,248 | +€81,030 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.