CVI: 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.
CVI
Largest movements
- Cash +€47,491
up €47,491 (+18.5%), from €256,335 to €303,826
mainly Net result for the year (+€20,606) and Depreciation (+€18,547)
- Tangible fixed assets -€18,547
down €18,547 (-9.4%), from €196,627 to €178,080
of which Land and buildings: -€16,410
- Stocks and contracts +€17,552
new in 2025: €17,552
- Receivables within one year -€13,664
down €13,664 (-41.1%), from €33,239 to €19,575
of which Other amounts receivable: -€11,949
- Reserves +€20,606
up €20,606 (+16.2%), from €127,427 to €148,034
of which Distributable reserves: +€20,606
- Other debts +€16,453
up €16,453 (+7.8%), from €209,711 to €226,165
- Gross operating margin -€9,465
down €9,465 (-12.4%), from €76,167 to €66,703
- Taxes -€2,525
down €2,525 (-23.3%), from €10,836 to €8,311
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €487,687 | €520,366 | +€32,679 | +6.7% |
| Fixed assets | 21/28 | €196,627 | €178,080 | -€18,547 | -9.4% |
| Tangible fixed assets | 22/27 | €196,627 | €178,080 | -€18,547 | -9.4% |
| Land and buildings | 22 | €190,062 | €173,652 | -€16,410 | -8.6% |
| Plant, machinery and equipment | 23 | €1,552 | €653 | -€899 | -57.9% |
| Furniture and vehicles | 24 | €5,013 | €3,775 | -€1,238 | -24.7% |
| Current assets | 29/58 | €291,060 | €342,286 | +€51,226 | +17.6% |
| Stocks and contracts in progress | 3 | - | €17,552 | +€17,552 | |
| Stocks | 30/36 | - | €17,552 | +€17,552 | |
| Amounts receivable within one year | 40/41 | €33,239 | €19,575 | -€13,664 | -41.1% |
| Trade receivables | 40 | €2,026 | €312 | -€1,714 | -84.6% |
| Other amounts receivable | 41 | €31,213 | €19,263 | -€11,949 | -38.3% |
| Cash at bank and in hand | 54/58 | €256,335 | €303,826 | +€47,491 | +18.5% |
| Deferred charges and accrued income | 490/1 | €1,487 | €1,334 | -€154 | -10.3% |
| Total equity and liabilities | 10/49 | €487,687 | €520,366 | +€32,679 | +6.7% |
| Equity | 10/15 | €265,041 | €285,647 | +€20,606 | +7.8% |
| Contributions | 10/11 | €135,000 | €135,000 | = | 0.0% |
| Reserves | 13 | €127,427 | €148,034 | +€20,606 | +16.2% |
| Tax-exempt reserves | 132 | €99 | €99 | = | 0.0% |
| Distributable reserves | 133 | €127,329 | €147,935 | +€20,606 | +16.2% |
| Profit (loss) carried forward | 14 | €2,614 | €2,614 | = | 0.0% |
| Amounts payable | 17/49 | €222,647 | €234,719 | +€12,072 | +5.4% |
| Amounts payable within one year | 42/48 | €222,647 | €234,719 | +€12,072 | +5.4% |
| Trade debts | 44 | €3,198 | €1,872 | -€1,326 | -41.5% |
| Suppliers | 440/4 | €3,198 | €1,872 | -€1,326 | -41.5% |
| Advances received on contracts in progress | 46 | €720 | €360 | -€360 | -50.0% |
| Taxes, remuneration and social security | 45 | €9,017 | €6,322 | -€2,695 | -29.9% |
| Taxes | 450/3 | €6,955 | €6,322 | -€632 | -9.1% |
| Remuneration and social security | 454/9 | €2,063 | €0 | -€2,063 | -100% |
| Other amounts payable | 47/48 | €209,711 | €226,165 | +€16,453 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,475 | €18,547 | +€72 | +0.4% |
| Other operating charges | 640/8 | €5,607 | €5,619 | +€12 | +0.2% |
| Gross operating margin | 9900 | €76,167 | €66,703 | -€9,465 | -12.4% |
| Operating profit (loss) | 9901 | €52,085 | €42,537 | -€9,548 | -18.3% |
| Financial income | 75/76B | €1,150 | €1,379 | +€229 | +19.9% |
| Recurring financial income | 75 | €1,150 | €1,379 | +€229 | +19.9% |
| Financial charges | 65/66B | €14,654 | €14,998 | +€344 | +2.3% |
| Recurring financial charges | 65 | €14,654 | €14,998 | +€344 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €38,581 | €28,918 | -€9,664 | -25.0% |
| Income taxes | 67/77 | €10,836 | €8,311 | -€2,525 | -23.3% |
| Profit (loss) for the period | 9904 | €27,746 | €20,606 | -€7,139 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,746 | €20,606 | -€7,139 | -25.7% |
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 25 October 2026 via checked.be.