CVL CONSTRUCT: 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.
CVL CONSTRUCT
Largest movements
- Receivables within one year +€117,366
up €117,366 (+301.1%), from €38,976 to €156,342
of which Trade receivables: +€114,001
- Cash +€6,533
up €6,533 (+22.2%), from €29,397 to €35,929
mainly Trade debts (+€68,941) and Net result for the year (+€29,206)
- Tangible fixed assets -€3,162
down €3,162 (-17.4%), from €18,125 to €14,963
of which Furniture and vehicles: -€1,815
- Trade debts +€68,941
up €68,941 (+306.7%), from €22,476 to €91,417
of which Bills of exchange payable: +€76,288
- Tax, wage and social debts +€22,589
up €22,589 (+220.0%), from €10,270 to €32,859
of which Remuneration and social security: +€18,322
- Other debts +€15,000
new in 2025: €15,000
- Profit (loss) carried forward +€14,206
up €14,206 (+31.1%), from €45,691 to €59,898
- Other operating charges -€11,076
down €11,076 (-85.9%), from €12,901 to €1,824
- Gross operating margin +€5,953
up €5,953 (+14.4%), from €41,373 to €47,325
- Depreciation +€2,736
up €2,736 (+30.4%), from €9,008 to €11,744
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 | €86,497 | €207,234 | +€120,737 | +139.6% |
| Fixed assets | 21/28 | €18,125 | €14,963 | -€3,162 | -17.4% |
| Tangible fixed assets | 22/27 | €18,125 | €14,963 | -€3,162 | -17.4% |
| Plant, machinery and equipment | 23 | €3,095 | €1,748 | -€1,347 | -43.5% |
| Furniture and vehicles | 24 | €15,030 | €13,215 | -€1,815 | -12.1% |
| Current assets | 29/58 | €68,372 | €192,271 | +€123,899 | +181.2% |
| Amounts receivable within one year | 40/41 | €38,976 | €156,342 | +€117,366 | +301.1% |
| Trade receivables | 40 | €31,251 | €145,253 | +€114,001 | +364.8% |
| Other amounts receivable | 41 | €7,724 | €11,089 | +€3,365 | +43.6% |
| Cash at bank and in hand | 54/58 | €29,397 | €35,929 | +€6,533 | +22.2% |
| Total equity and liabilities | 10/49 | €86,497 | €207,234 | +€120,737 | +139.6% |
| Equity | 10/15 | €53,751 | €67,958 | +€14,206 | +26.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,691 | €59,898 | +€14,206 | +31.1% |
| Amounts payable | 17/49 | €32,746 | €139,277 | +€106,531 | +325.3% |
| Amounts payable within one year | 42/48 | €32,746 | €139,277 | +€106,531 | +325.3% |
| Trade debts | 44 | €22,476 | €91,417 | +€68,941 | +306.7% |
| Suppliers | 440/4 | €9,626 | €2,279 | -€7,347 | -76.3% |
| Bills of exchange payable | 441 | €12,850 | €89,138 | +€76,288 | +593.7% |
| Taxes, remuneration and social security | 45 | €10,270 | €32,859 | +€22,589 | +220.0% |
| Taxes | 450/3 | €4,170 | €8,437 | +€4,267 | +102.3% |
| Remuneration and social security | 454/9 | €6,100 | €24,422 | +€18,322 | +300.4% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,008 | €11,744 | +€2,736 | +30.4% |
| Other operating charges | 640/8 | €12,901 | €1,824 | -€11,076 | -85.9% |
| Gross operating margin | 9900 | €41,373 | €47,325 | +€5,953 | +14.4% |
| Operating profit (loss) | 9901 | €19,464 | €33,757 | +€14,293 | +73.4% |
| Financial charges | 65/66B | €255 | €283 | +€28 | +11.0% |
| Recurring financial charges | 65 | €255 | €283 | +€28 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €19,208 | €33,473 | +€14,265 | +74.3% |
| Income taxes | 67/77 | €4,398 | €4,267 | -€130 | -3.0% |
| Profit (loss) for the period | 9904 | €14,811 | €29,206 | +€14,395 | +97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,811 | €29,206 | +€14,395 | +97.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.