CVH: 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.
CVH
Largest movements
- Cash -€7,739
down €7,739 (-95.8%), from €8,074 to €335
mainly Net result for the year (-€19,461) and Tax, wage and social debts (-€5,908)
- Tangible fixed assets +€1,454
up €1,454 (+1.3%), from €110,714 to €112,168
of which Furniture and vehicles: +€1,454
- Other debts +€23,419
up €23,419 (+38.0%), from €61,619 to €85,037
- Reserves -€12,000
no longer reported in 2025 (was €12,000)
- Profit (loss) carried forward -€7,461
down €7,461 (-25.9%), from -€28,766 to -€36,227
- Tax, wage and social debts -€5,908
down €5,908 (-99.6%), from €5,930 to €23
- Trade debts -€3,680
down €3,680 (-94.8%), from €3,882 to €203
- Gross operating margin -€9,223
down €9,223 (-199.7%), from -€4,618 to -€13,841
- Taxes +€3,021
up €3,021 (+232400.0%), from €1 to €3,023
- Financial charges -€408
down €408 (-95.0%), from €429 to €21
- Depreciation +€145
new in 2025: €145
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 | €119,822 | €112,760 | -€7,062 | -5.9% |
| Fixed assets | 21/28 | €110,714 | €112,168 | +€1,454 | +1.3% |
| Tangible fixed assets | 22/27 | €110,714 | €112,168 | +€1,454 | +1.3% |
| Land and buildings | 22 | €110,714 | €110,714 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | €1,454 | +€1,454 | |
| Current assets | 29/58 | €9,108 | €591 | -€8,517 | -93.5% |
| Amounts receivable within one year | 40/41 | - | €256 | +€256 | |
| Other amounts receivable | 41 | - | €256 | +€256 | |
| Cash at bank and in hand | 54/58 | €8,074 | €335 | -€7,739 | -95.8% |
| Deferred charges and accrued income | 490/1 | €1,034 | - | -€1,034 | |
| Total equity and liabilities | 10/49 | €119,822 | €112,760 | -€7,062 | -5.9% |
| Equity | 10/15 | €45,234 | €25,773 | -€19,461 | -43.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €12,000 | - | -€12,000 | |
| Tax-exempt reserves | 132 | €12,000 | - | -€12,000 | |
| Profit (loss) carried forward | 14 | -€28,766 | -€36,227 | -€7,461 | -25.9% |
| Amounts payable | 17/49 | €74,588 | €86,987 | +€12,399 | +16.6% |
| Amounts payable within one year | 42/48 | €71,431 | €85,263 | +€13,832 | +19.4% |
| Trade debts | 44 | €3,882 | €203 | -€3,680 | -94.8% |
| Suppliers | 440/4 | €3,882 | €203 | -€3,680 | -94.8% |
| Taxes, remuneration and social security | 45 | €5,930 | €23 | -€5,908 | -99.6% |
| Taxes | 450/3 | €5,930 | €23 | -€5,908 | -99.6% |
| Other amounts payable | 47/48 | €61,619 | €85,037 | +€23,419 | +38.0% |
| Accrued charges and deferred income | 492/3 | €3,157 | €1,724 | -€1,433 | -45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €145 | +€145 | |
| Other operating charges | 640/8 | €2,405 | €2,432 | +€27 | +1.1% |
| Gross operating margin | 9900 | -€4,618 | -€13,841 | -€9,223 | -199.7% |
| Operating profit (loss) | 9901 | -€7,023 | -€16,418 | -€9,394 | -133.8% |
| Financial income | 75/76B | €74 | - | -€74 | |
| Recurring financial income | 75 | €74 | - | -€74 | |
| Financial charges | 65/66B | €429 | €21 | -€408 | -95.0% |
| Recurring financial charges | 65 | €429 | €21 | -€408 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,379 | -€16,439 | -€9,060 | -122.8% |
| Income taxes | 67/77 | €1 | €3,023 | +€3,021 | +232400.0% |
| Profit (loss) for the period | 9904 | -€7,380 | -€19,461 | -€12,081 | -163.7% |
| Transfer from tax-exempt reserves | 789 | - | €12,000 | +€12,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,380 | -€7,461 | -€81 | -1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.