CVK INVEST: what changed
CVK INVEST
Largest movements
- Cash +€23,983
up €23,983 (+122%), from €19,724 to €43,706
mainly Net result for the year (+€33,186) and Current portion of long-term debt (+€5,000)
- Tangible fixed assets +€12,120
up €12,120 (+12.7%), from €95,137 to €107,257
of which Land and buildings: +€6,881
- Receivables within one year -€2,035
down €2,035 (-26.8%), from €7,605 to €5,570
of which Other amounts receivable: -€4,093
- Profit (loss) carried forward +€33,186
up €33,186 (+32.0%), from -€103,853 to -€70,667
- Current portion of long-term debt +€5,000
up €5,000 (+35.7%), from €14,000 to €19,000
- Tax, wage and social debts -€2,906
down €2,906 (-23.2%), from €12,514 to €9,609
of which Remuneration and social security: -€12,514
- Staff costs -€63,399
down €63,399 (-70.2%), from €90,330 to €26,931
- Taxes +€16,337
up €16,337 (+6,014%), from €272 to €16,609
- Gross operating margin -€5,628
down €5,628 (-6.2%), from €90,186 to €84,558
- Other operating charges +€1,159
up €1,159 (+45.5%), from €2,549 to €3,708
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €122,465 | €157,846 | +€35,381 | +28.9% |
| Fixed assets | 21/28 | €95,137 | €107,257 | +€12,120 | +12.7% |
| Tangible fixed assets | 22/27 | €95,137 | €107,257 | +€12,120 | +12.7% |
| Land and buildings | 22 | €94,639 | €101,520 | +€6,881 | +7.3% |
| Furniture and vehicles | 24 | €498 | €5,737 | +€5,239 | +1,051% |
| Current assets | 29/58 | €27,328 | €50,590 | +€23,261 | +85.1% |
| Amounts receivable within one year | 40/41 | €7,605 | €5,570 | -€2,035 | -26.8% |
| Trade receivables | 40 | €928 | €2,987 | +€2,058 | +222% |
| Other amounts receivable | 41 | €6,676 | €2,583 | -€4,093 | -61.3% |
| Cash at bank and in hand | 54/58 | €19,724 | €43,706 | +€23,983 | +122% |
| Deferred charges and accrued income | 490/1 | - | €1,313 | +€1,313 | |
| Total equity and liabilities | 10/49 | €122,465 | €157,846 | +€35,381 | +28.9% |
| Equity | 10/15 | €92,367 | €125,553 | +€33,186 | +35.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,620 | €177,620 | = | 0.0% |
| Distributable reserves | 133 | €177,620 | €177,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,853 | -€70,667 | +€33,186 | +32.0% |
| Amounts payable | 17/49 | €30,098 | €32,293 | +€2,195 | +7.3% |
| Amounts payable within one year | 42/48 | €28,648 | €30,843 | +€2,195 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €14,000 | €19,000 | +€5,000 | +35.7% |
| Trade debts | 44 | €2,067 | €1,792 | -€275 | -13.3% |
| Suppliers | 440/4 | €2,067 | €1,792 | -€275 | -13.3% |
| Taxes, remuneration and social security | 45 | €12,514 | €9,609 | -€2,906 | -23.2% |
| Taxes | 450/3 | - | €9,609 | +€9,609 | |
| Remuneration and social security | 454/9 | €12,514 | - | -€12,514 | |
| Other amounts payable | 47/48 | €67 | €443 | +€376 | +563% |
| Accrued charges and deferred income | 492/3 | €1,450 | €1,450 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €90,330 | €26,931 | -€63,399 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,555 | €3,945 | +€390 | +11.0% |
| Other operating charges | 640/8 | €2,549 | €3,708 | +€1,159 | +45.5% |
| Gross operating margin | 9900 | €90,186 | €84,558 | -€5,628 | -6.2% |
| Operating profit (loss) | 9901 | -€6,247 | €49,974 | +€56,221 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €152 | €180 | +€28 | +18.7% |
| Recurring financial charges | 65 | €152 | €180 | +€28 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,399 | €49,795 | +€56,194 | |
| Income taxes | 67/77 | €272 | €16,609 | +€16,337 | +6,014% |
| Profit (loss) for the period | 9904 | -€6,671 | €33,186 | +€39,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,671 | €33,186 | +€39,857 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.