CVJ Projects: 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.
CVJ Projects
Largest movements
- Receivables within one year -€13,818
down €13,818 (-24.0%), from €57,588 to €43,770
of which Trade receivables: -€14,250
- Tangible fixed assets +€5,868
up €5,868 (+89.1%), from €6,583 to €12,451
of which Land and buildings: +€6,369
- Stocks and contracts +€2,850
new in 2025: €2,850
- Tax, wage and social debts -€6,772
down €6,772 (-94.9%), from €7,134 to €361
- Other debts +€5,747
up €5,747 (+28.4%), from €20,201 to €25,947
- Trade debts -€4,614
down €4,614 (-39.5%), from €11,671 to €7,058
- Gross operating margin -€17,021
down €17,021 (-75.2%), from €22,631 to €5,611
- Taxes -€3,395
down €3,395 (-90.4%), from €3,757 to €361
- Financial charges -€3,298
down €3,298 (-99.4%), from €3,317 to €19
- Depreciation +€2,242
up €2,242 (+81.9%), from €2,739 to €4,981
- Other operating charges -€423
down €423 (-67.9%), from €623 to €200
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,436 | €65,846 | -€5,590 | -7.8% |
| Formation expenses | 20 | €1,619 | €1,130 | -€490 | -30.2% |
| Fixed assets | 21/28 | €12,229 | €18,097 | +€5,868 | +48.0% |
| Tangible fixed assets | 22/27 | €6,583 | €12,451 | +€5,868 | +89.1% |
| Land and buildings | 22 | - | €6,369 | +€6,369 | |
| Plant, machinery and equipment | 23 | €6,583 | €6,082 | -€501 | -7.6% |
| Financial fixed assets | 28 | €5,646 | €5,646 | = | 0.0% |
| Current assets | 29/58 | €57,588 | €46,620 | -€10,968 | -19.0% |
| Stocks and contracts in progress | 3 | - | €2,850 | +€2,850 | |
| Stocks | 30/36 | - | €2,850 | +€2,850 | |
| Amounts receivable within one year | 40/41 | €57,588 | €43,770 | -€13,818 | -24.0% |
| Trade receivables | 40 | €15,474 | €1,224 | -€14,250 | -92.1% |
| Other amounts receivable | 41 | €42,114 | €42,546 | +€432 | +1.0% |
| Total equity and liabilities | 10/49 | €71,436 | €65,846 | -€5,590 | -7.8% |
| Equity | 10/15 | €26,210 | €26,259 | +€49 | +0.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €24,710 | €24,759 | +€49 | +0.2% |
| Distributable reserves | 133 | €24,710 | €24,759 | +€49 | +0.2% |
| Amounts payable | 17/49 | €45,226 | €39,587 | -€5,639 | -12.5% |
| Amounts payable after more than one year | 17 | €6,220 | €6,220 | = | 0.0% |
| Financial debts | 170/4 | €6,220 | €6,220 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,006 | €33,366 | -€5,639 | -14.5% |
| Trade debts | 44 | €11,671 | €7,058 | -€4,614 | -39.5% |
| Suppliers | 440/4 | €11,671 | €7,058 | -€4,614 | -39.5% |
| Taxes, remuneration and social security | 45 | €7,134 | €361 | -€6,772 | -94.9% |
| Taxes | 450/3 | €7,134 | €361 | -€6,772 | -94.9% |
| Other amounts payable | 47/48 | €20,201 | €25,947 | +€5,747 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,739 | €4,981 | +€2,242 | +81.9% |
| Other operating charges | 640/8 | €623 | €200 | -€423 | -67.9% |
| Gross operating margin | 9900 | €22,631 | €5,611 | -€17,021 | -75.2% |
| Operating profit (loss) | 9901 | €19,270 | €429 | -€18,840 | -97.8% |
| Financial charges | 65/66B | €3,317 | €19 | -€3,298 | -99.4% |
| Recurring financial charges | 65 | €3,317 | €19 | -€3,298 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €15,953 | €411 | -€15,542 | -97.4% |
| Income taxes | 67/77 | €3,757 | €361 | -€3,395 | -90.4% |
| Profit (loss) for the period | 9904 | €12,196 | €49 | -€12,147 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,196 | €49 | -€12,147 | -99.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.