CVME: what changed
CVME
Largest movements
- Receivables within one year +€101,864
up €101,864 (+37.8%), from €269,715 to €371,579
of which Trade receivables: +€87,958
- Stocks and contracts +€99,476
up €99,476 (+34.0%), from €292,329 to €391,805
- Tangible fixed assets -€34,645
down €34,645 (-25.5%), from €135,679 to €101,034
of which Furniture and vehicles: -€18,511
- Cash -€22,221
down €22,221 (-44.8%), from €49,608 to €27,387
mainly Contributions, distributions and other (-€105,409) and Receivables within one year (-€101,864)
- Trade debts +€195,543
up €195,543 (+120%), from €163,244 to €358,787
- Other debts +€108,252
up €108,252 (+244%), from €44,424 to €152,675
- Reserves -€90,837
down €90,837 (-42.2%), from €215,488 to €124,651
- Tax, wage and social debts -€48,562
down €48,562 (-49.2%), from €98,614 to €50,052
of which Taxes: -€27,387
- Debts after one year -€35,133
down €35,133 (-30.8%), from €113,950 to €78,817
- Gross operating margin -€52,276
down €52,276 (-9.1%), from €577,436 to €525,160
- Staff costs -€16,323
down €16,323 (-3.6%), from €457,817 to €441,495
- Taxes -€10,486
down €10,486 (-50.4%), from €20,813 to €10,327
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 | €776,929 | €921,854 | +€144,925 | +18.7% |
| Fixed assets | 21/28 | €148,289 | €113,643 | -€34,645 | -23.4% |
| Tangible fixed assets | 22/27 | €135,679 | €101,034 | -€34,645 | -25.5% |
| Plant, machinery and equipment | 23 | €856 | €342 | -€515 | -60.1% |
| Furniture and vehicles | 24 | €71,809 | €53,298 | -€18,511 | -25.8% |
| Leasing and similar rights | 25 | €20,508 | €13,577 | -€6,931 | -33.8% |
| Other tangible fixed assets | 26 | €42,505 | €33,817 | -€8,689 | -20.4% |
| Financial fixed assets | 28 | €12,610 | €12,610 | = | 0.0% |
| Current assets | 29/58 | €628,640 | €808,211 | +€179,571 | +28.6% |
| Stocks and contracts in progress | 3 | €292,329 | €391,805 | +€99,476 | +34.0% |
| Stocks | 30/36 | €292,329 | €391,805 | +€99,476 | +34.0% |
| Amounts receivable within one year | 40/41 | €269,715 | €371,579 | +€101,864 | +37.8% |
| Trade receivables | 40 | €247,110 | €335,067 | +€87,958 | +35.6% |
| Other amounts receivable | 41 | €22,605 | €36,511 | +€13,906 | +61.5% |
| Cash at bank and in hand | 54/58 | €49,608 | €27,387 | -€22,221 | -44.8% |
| Deferred charges and accrued income | 490/1 | €16,988 | €17,440 | +€452 | +2.7% |
| Total equity and liabilities | 10/49 | €776,929 | €921,854 | +€144,925 | +18.7% |
| Equity | 10/15 | €221,688 | €130,851 | -€90,837 | -41.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €215,488 | €124,651 | -€90,837 | -42.2% |
| Distributable reserves | 133 | €215,488 | €124,651 | -€90,837 | -42.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €555,241 | €791,003 | +€235,762 | +42.5% |
| Amounts payable after more than one year | 17 | €113,950 | €78,817 | -€35,133 | -30.8% |
| Financial debts | 170/4 | €113,950 | €78,817 | -€35,133 | -30.8% |
| Amounts payable within one year | 42/48 | €441,207 | €703,610 | +€262,402 | +59.5% |
| Current portion of amounts payable after more than one year | 42 | €34,926 | €32,068 | -€2,858 | -8.2% |
| Financial debts | 43 | €100,000 | €110,027 | +€10,027 | +10.0% |
| Credit institutions | 430/8 | €100,000 | €110,027 | +€10,027 | +10.0% |
| Trade debts | 44 | €163,244 | €358,787 | +€195,543 | +120% |
| Suppliers | 440/4 | €163,244 | €358,787 | +€195,543 | +120% |
| Taxes, remuneration and social security | 45 | €98,614 | €50,052 | -€48,562 | -49.2% |
| Taxes | 450/3 | €34,830 | €7,443 | -€27,387 | -78.6% |
| Remuneration and social security | 454/9 | €63,783 | €42,608 | -€21,175 | -33.2% |
| Other amounts payable | 47/48 | €44,424 | €152,675 | +€108,252 | +244% |
| Accrued charges and deferred income | 492/3 | €83 | €8,576 | +€8,493 | +10,246% |
| Remuneration, social security and pensions | 62 | €457,817 | €441,495 | -€16,323 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,223 | €34,645 | +€1,422 | +4.3% |
| Other operating charges | 640/8 | €7,542 | €9,172 | +€1,630 | +21.6% |
| Gross operating margin | 9900 | €577,436 | €525,160 | -€52,276 | -9.1% |
| Operating profit (loss) | 9901 | €78,853 | €39,847 | -€39,006 | -49.5% |
| Financial income | 75/76B | €279 | €178 | -€100 | -36.1% |
| Recurring financial income | 75 | €279 | €178 | -€100 | -36.1% |
| Financial charges | 65/66B | €12,449 | €15,127 | +€2,678 | +21.5% |
| Recurring financial charges | 65 | €12,449 | €15,127 | +€2,678 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €66,683 | €24,899 | -€41,784 | -62.7% |
| Income taxes | 67/77 | €20,813 | €10,327 | -€10,486 | -50.4% |
| Profit (loss) for the period | 9904 | €45,870 | €14,572 | -€31,299 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,870 | €14,572 | -€31,299 | -68.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.