CvM Econ Consulting: 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.
CvM Econ Consulting
Largest movements
- Cash +€627,954
up €627,954 (+164%), from €382,904 to €1.0m
mainly Other debts (+€1.2m) and Net result for the year (+€573,875)
- Receivables within one year +€130,337
up €130,337 (+18.7%), from €698,292 to €828,629
of which Other amounts receivable: +€119,921
- Other debts +€1.2m
new in 2025: €1.2m
- Profit (loss) carried forward -€884,936
no longer reported in 2025 (was €884,936)
- Tax, wage and social debts +€477,293
up €477,293 (+252%), from €189,070 to €666,363
of which Taxes: +€477,275
- Gross operating margin +€20,600
up €20,600 (+2.8%), from €732,752 to €753,352
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.
Derived cash bridge
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 | €1,081,196 | €1,840,651 | +€759,456 | +70.2% |
| Fixed assets | 21/28 | - | €1,165 | +€1,165 | |
| Tangible fixed assets | 22/27 | - | €1,165 | +€1,165 | |
| Plant, machinery and equipment | 23 | - | €1,165 | +€1,165 | |
| Current assets | 29/58 | €1,081,196 | €1,839,486 | +€758,291 | +70.1% |
| Amounts receivable within one year | 40/41 | €698,292 | €828,629 | +€130,337 | +18.7% |
| Trade receivables | 40 | €650,000 | €660,416 | +€10,416 | +1.6% |
| Other amounts receivable | 41 | €48,292 | €168,213 | +€119,921 | +248% |
| Cash at bank and in hand | 54/58 | €382,904 | €1,010,857 | +€627,954 | +164% |
| Total equity and liabilities | 10/49 | €1,081,196 | €1,840,651 | +€759,456 | +70.2% |
| Equity | 10/15 | €889,936 | €5,000 | -€884,936 | -99.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €884,936 | - | -€884,936 | |
| Amounts payable | 17/49 | €191,260 | €1,835,651 | +€1.6m | +860% |
| Amounts payable within one year | 42/48 | €191,260 | €1,835,651 | +€1.6m | +860% |
| Trade debts | 44 | €2,190 | €2,240 | +€50 | +2.3% |
| Suppliers | 440/4 | €2,190 | €2,240 | +€50 | +2.3% |
| Taxes, remuneration and social security | 45 | €189,070 | €666,363 | +€477,293 | +252% |
| Taxes | 450/3 | €186,274 | €663,549 | +€477,275 | +256% |
| Remuneration and social security | 454/9 | €2,796 | €2,814 | +€18 | +0.6% |
| Other amounts payable | 47/48 | - | €1,167,049 | +€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €379 | +€379 | |
| Gross operating margin | 9900 | €732,752 | €753,352 | +€20,600 | +2.8% |
| Operating profit (loss) | 9901 | €732,752 | €752,973 | +€20,221 | +2.8% |
| Financial income | 75/76B | €1,395 | €5,866 | +€4,471 | +320% |
| Recurring financial income | 75 | €1,395 | €5,866 | +€4,471 | +320% |
| Financial charges | 65/66B | €255 | €160 | -€95 | -37.3% |
| Recurring financial charges | 65 | €255 | €160 | -€95 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €733,892 | €758,679 | +€24,787 | +3.4% |
| Income taxes | 67/77 | €178,579 | €184,804 | +€6,225 | +3.5% |
| Profit (loss) for the period | 9904 | €555,313 | €573,875 | +€18,562 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €555,313 | €573,875 | +€18,562 | +3.3% |
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 24 October 2026 via checked.be.