CVLAW: 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.
CVLAW
Largest movements
- Cash +€21,753
up €21,753 (+72.3%), from €30,098 to €51,852
mainly Net result for the year (+€18,950) and Trade debts (+€7,110)
- Tangible fixed assets +€11,037
up €11,037 (+1131.0%), from €976 to €12,013
of which Other tangible fixed assets: +€11,340
- Deferred charges and accrued income -€2,173
down €2,173 (-72.9%), from €2,979 to €806
- Receivables within one year +€1,256
up €1,256 (+7.7%), from €16,300 to €17,556
- Reserves +€18,950
up €18,950 (+72.4%), from €26,173 to €45,123
- Trade debts +€7,110
up €7,110 (+1860.7%), from €382 to €7,492
- Tax, wage and social debts +€3,989
up €3,989 (+23.3%), from €17,098 to €21,087
- Accrued charges and deferred income +€1,132
up €1,132 (+130.5%), from €868 to €2,000
- Gross operating margin -€7,626
down €7,626 (-21.9%), from €34,757 to €27,131
- Taxes -€764
down €764 (-10.3%), from €7,425 to €6,661
- Depreciation +€377
up €377 (+36.6%), from €1,029 to €1,406
- Financial income +€363
up €363 (+3629900.0%), from €0 to €363
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 | €50,951 | €82,381 | +€31,431 | +61.7% |
| Formation expenses | 20 | €598 | €155 | -€443 | -74.0% |
| Fixed assets | 21/28 | €976 | €12,013 | +€11,037 | +1131.0% |
| Tangible fixed assets | 22/27 | €976 | €12,013 | +€11,037 | +1131.0% |
| Plant, machinery and equipment | 23 | €387 | €300 | -€87 | -22.4% |
| Furniture and vehicles | 24 | €589 | €373 | -€216 | -36.7% |
| Other tangible fixed assets | 26 | - | €11,340 | +€11,340 | |
| Current assets | 29/58 | €49,377 | €70,213 | +€20,836 | +42.2% |
| Amounts receivable within one year | 40/41 | €16,300 | €17,556 | +€1,256 | +7.7% |
| Trade receivables | 40 | €16,300 | €17,556 | +€1,256 | +7.7% |
| Cash at bank and in hand | 54/58 | €30,098 | €51,852 | +€21,753 | +72.3% |
| Deferred charges and accrued income | 490/1 | €2,979 | €806 | -€2,173 | -72.9% |
| Total equity and liabilities | 10/49 | €50,951 | €82,381 | +€31,431 | +61.7% |
| Equity | 10/15 | €29,173 | €48,123 | +€18,950 | +65.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €26,173 | €45,123 | +€18,950 | +72.4% |
| Distributable reserves | 133 | €26,173 | €45,123 | +€18,950 | +72.4% |
| Amounts payable | 17/49 | €21,778 | €34,258 | +€12,480 | +57.3% |
| Amounts payable within one year | 42/48 | €20,910 | €32,258 | +€11,348 | +54.3% |
| Trade debts | 44 | €382 | €7,492 | +€7,110 | +1860.7% |
| Suppliers | 440/4 | €382 | €7,492 | +€7,110 | +1860.7% |
| Taxes, remuneration and social security | 45 | €17,098 | €21,087 | +€3,989 | +23.3% |
| Taxes | 450/3 | €17,098 | €21,087 | +€3,989 | +23.3% |
| Other amounts payable | 47/48 | €3,430 | €3,679 | +€250 | +7.3% |
| Accrued charges and deferred income | 492/3 | €868 | €2,000 | +€1,132 | +130.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029 | €1,406 | +€377 | +36.6% |
| Other operating charges | 640/8 | €404 | €175 | -€228 | -56.6% |
| Gross operating margin | 9900 | €34,757 | €27,131 | -€7,626 | -21.9% |
| Operating profit (loss) | 9901 | €33,325 | €25,550 | -€7,775 | -23.3% |
| Financial income | 75/76B | €0 | €363 | +€363 | +3629900.0% |
| Recurring financial income | 75 | €0 | €363 | +€363 | +3629900.0% |
| Financial charges | 65/66B | €344 | €302 | -€42 | -12.2% |
| Recurring financial charges | 65 | €344 | €302 | -€42 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €32,981 | €25,611 | -€7,370 | -22.3% |
| Income taxes | 67/77 | €7,425 | €6,661 | -€764 | -10.3% |
| Profit (loss) for the period | 9904 | €25,556 | €18,950 | -€6,606 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,556 | €18,950 | -€6,606 | -25.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.