CVL 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.
CVL Projects
Largest movements
- Receivables within one year -€13,539
down €13,539 (-47.4%), from €28,557 to €15,017
of which Trade receivables: -€9,602
- Cash +€6,180
up €6,180 (+14582.5%), from €42 to €6,222
mainly Receivables within one year (+€13,539) and Depreciation (+€4,025)
- Stocks and contracts +€4,094
new in 2025: €4,094
- Tangible fixed assets -€4,025
down €4,025 (-58.0%), from €6,936 to €2,911
of which Furniture and vehicles: -€3,868
- Deferred charges and accrued income +€564
up €564 (+5.9%), from €9,496 to €10,060
- Other debts -€4,854
down €4,854 (-29.9%), from €16,217 to €11,363
- Tax, wage and social debts -€1,690
down €1,690 (-38.5%), from €4,385 to €2,696
- Trade debts -€948
down €948 (-22.1%), from €4,289 to €3,342
- Reserves +€945
up €945 (+5.1%), from €18,460 to €19,405
- Gross operating margin -€12,764
down €12,764 (-63.5%), from €20,094 to €7,331
- Taxes -€2,399
down €2,399 (-75.1%), from €3,196 to €797
- Other operating charges -€390
down €390 (-19.6%), from €1,994 to €1,604
- Depreciation -€299
down €299 (-6.9%), from €4,325 to €4,025
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 | €45,031 | €38,305 | -€6,726 | -14.9% |
| Fixed assets | 21/28 | €6,936 | €2,911 | -€4,025 | -58.0% |
| Tangible fixed assets | 22/27 | €6,936 | €2,911 | -€4,025 | -58.0% |
| Plant, machinery and equipment | 23 | €1,491 | €1,333 | -€157 | -10.6% |
| Furniture and vehicles | 24 | €5,446 | €1,578 | -€3,868 | -71.0% |
| Current assets | 29/58 | €38,095 | €35,394 | -€2,701 | -7.1% |
| Stocks and contracts in progress | 3 | - | €4,094 | +€4,094 | |
| Stocks | 30/36 | - | €4,094 | +€4,094 | |
| Amounts receivable within one year | 40/41 | €28,557 | €15,017 | -€13,539 | -47.4% |
| Trade receivables | 40 | €22,145 | €12,543 | -€9,602 | -43.4% |
| Other amounts receivable | 41 | €6,412 | €2,474 | -€3,937 | -61.4% |
| Cash at bank and in hand | 54/58 | €42 | €6,222 | +€6,180 | +14582.5% |
| Deferred charges and accrued income | 490/1 | €9,496 | €10,060 | +€564 | +5.9% |
| Total equity and liabilities | 10/49 | €45,031 | €38,305 | -€6,726 | -14.9% |
| Equity | 10/15 | €19,960 | €20,905 | +€945 | +4.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €18,460 | €19,405 | +€945 | +5.1% |
| Distributable reserves | 133 | €18,460 | €19,405 | +€945 | +5.1% |
| Amounts payable | 17/49 | €25,072 | €17,400 | -€7,671 | -30.6% |
| Amounts payable within one year | 42/48 | €25,072 | €17,400 | -€7,671 | -30.6% |
| Financial debts | 43 | €180 | €0 | -€180 | -100.0% |
| Credit institutions | 430/8 | €180 | €0 | -€180 | -100.0% |
| Trade debts | 44 | €4,289 | €3,342 | -€948 | -22.1% |
| Suppliers | 440/4 | €4,289 | €3,342 | -€948 | -22.1% |
| Taxes, remuneration and social security | 45 | €4,385 | €2,696 | -€1,690 | -38.5% |
| Taxes | 450/3 | €4,385 | €2,696 | -€1,690 | -38.5% |
| Other amounts payable | 47/48 | €16,217 | €11,363 | -€4,854 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,325 | €4,025 | -€299 | -6.9% |
| Other operating charges | 640/8 | €1,994 | €1,604 | -€390 | -19.6% |
| Gross operating margin | 9900 | €20,094 | €7,331 | -€12,764 | -63.5% |
| Operating profit (loss) | 9901 | €13,776 | €1,701 | -€12,075 | -87.6% |
| Financial income | 75/76B | €269 | €236 | -€33 | -12.3% |
| Recurring financial income | 75 | €269 | €236 | -€33 | -12.3% |
| Financial charges | 65/66B | €201 | €195 | -€6 | -3.0% |
| Recurring financial charges | 65 | €201 | €195 | -€6 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €13,844 | €1,742 | -€12,102 | -87.4% |
| Income taxes | 67/77 | €3,196 | €797 | -€2,399 | -75.1% |
| Profit (loss) for the period | 9904 | €10,648 | €945 | -€9,703 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,648 | €945 | -€9,703 | -91.1% |
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 12 October 2026 via checked.be.