CVH INFI: 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.
CVH INFI
Largest movements
- Cash -€41,823
down €41,823 (-21.1%), from €198,448 to €156,625
mainly Other debts (-€70,408) and Tax, wage and social debts (-€12,000)
- Intangible fixed assets -€3,000
down €3,000 (-19.2%), from €15,631 to €12,631
- Deferred charges and accrued income -€2,840
down €2,840 (-22.1%), from €12,845 to €10,005
- Other debts -€70,408
down €70,408 (-90.6%), from €77,726 to €7,318
- Profit (loss) carried forward +€39,049
up €39,049 (+30.9%), from €126,214 to €165,264
- Tax, wage and social debts -€12,000
down €12,000 (-72.3%), from €16,600 to €4,600
of which Taxes: -€12,000
- Current portion of long-term debt -€3,962
down €3,962 (-100%), from €3,962 to €0
- Taxes -€11,251
down €11,251 (-93.8%), from €12,000 to €749
- Gross operating margin -€7,825
down €7,825 (-14.6%), from €53,564 to €45,740
- Financial charges -€1,527
down €1,527 (-48.8%), from €3,127 to €1,600
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 | €227,801 | €179,491 | -€48,310 | -21.2% |
| Fixed assets | 21/28 | €16,249 | €12,861 | -€3,388 | -20.9% |
| Intangible fixed assets | 21 | €15,631 | €12,631 | -€3,000 | -19.2% |
| Tangible fixed assets | 22/27 | €618 | €230 | -€388 | -62.8% |
| Furniture and vehicles | 24 | €618 | €230 | -€388 | -62.8% |
| Current assets | 29/58 | €211,552 | €166,630 | -€44,922 | -21.2% |
| Amounts receivable within one year | 40/41 | €259 | €0 | -€259 | -100% |
| Trade receivables | 40 | €259 | €0 | -€259 | -100% |
| Cash at bank and in hand | 54/58 | €198,448 | €156,625 | -€41,823 | -21.1% |
| Deferred charges and accrued income | 490/1 | €12,845 | €10,005 | -€2,840 | -22.1% |
| Total equity and liabilities | 10/49 | €227,801 | €179,491 | -€48,310 | -21.2% |
| Equity | 10/15 | €128,214 | €167,264 | +€39,049 | +30.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,214 | €165,264 | +€39,049 | +30.9% |
| Amounts payable | 17/49 | €99,587 | €12,227 | -€87,360 | -87.7% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €99,587 | €12,227 | -€87,360 | -87.7% |
| Current portion of amounts payable after more than one year | 42 | €3,962 | €0 | -€3,962 | -100% |
| Trade debts | 44 | €1,299 | €310 | -€990 | -76.2% |
| Suppliers | 440/4 | €1,299 | €310 | -€990 | -76.2% |
| Taxes, remuneration and social security | 45 | €16,600 | €4,600 | -€12,000 | -72.3% |
| Taxes | 450/3 | €14,700 | €2,700 | -€12,000 | -81.6% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €77,726 | €7,318 | -€70,408 | -90.6% |
| Non-recurring operating income | 76A | €7,325 | - | -€7,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,388 | €3,388 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,474 | €953 | -€521 | -35.4% |
| Gross operating margin | 9900 | €53,564 | €45,740 | -€7,825 | -14.6% |
| Operating profit (loss) | 9901 | €48,702 | €41,398 | -€7,303 | -15.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -96.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -96.7% |
| Financial charges | 65/66B | €3,127 | €1,600 | -€1,527 | -48.8% |
| Recurring financial charges | 65 | €3,127 | €1,600 | -€1,527 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €45,575 | €39,798 | -€5,777 | -12.7% |
| Income taxes | 67/77 | €12,000 | €749 | -€11,251 | -93.8% |
| Profit (loss) for the period | 9904 | €33,575 | €39,049 | +€5,474 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €33,575 | €39,049 | +€5,474 | +16.3% |
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 18 October 2026 via checked.be.