CVO: 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.
CVO
Largest movements
- Receivables within one year +€24,457
up €24,457 (+72.4%), from €33,771 to €58,228
of which Other amounts receivable: +€23,931
- Tangible fixed assets +€11,990
up €11,990 (+45.1%), from €26,560 to €38,551
of which Plant, machinery and equipment: +€12,940
- Cash -€2,156
down €2,156 (-36.6%), from €5,897 to €3,741
mainly Receivables within one year (-€24,457) and Investment in fixed assets (net) (-€20,770)
- Profit (loss) carried forward +€21,493
up €21,493 (+47.5%), from €45,258 to €66,752
- Tax, wage and social debts +€6,449
up €6,449 (+82.2%), from €7,845 to €14,295
- Trade debts +€6,349
up €6,349 (+125.3%), from €5,068 to €11,417
- Gross operating margin +€15,155
up €15,155 (+57.4%), from €26,418 to €41,572
- Taxes +€3,505
up €3,505 (+72.7%), from €4,819 to €8,324
- Depreciation +€3,073
up €3,073 (+53.8%), from €5,707 to €8,780
- Other operating charges -€1,593
down €1,593 (-27.6%), from €5,776 to €4,183
- Financial income +€656
up €656 (+53.3%), from €1,232 to €1,887
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 | €66,229 | €100,520 | +€34,292 | +51.8% |
| Fixed assets | 21/28 | €26,560 | €38,551 | +€11,990 | +45.1% |
| Tangible fixed assets | 22/27 | €26,560 | €38,551 | +€11,990 | +45.1% |
| Plant, machinery and equipment | 23 | €24,200 | €37,140 | +€12,940 | +53.5% |
| Other tangible fixed assets | 26 | €2,361 | €1,411 | -€950 | -40.2% |
| Current assets | 29/58 | €39,668 | €61,969 | +€22,301 | +56.2% |
| Amounts receivable within one year | 40/41 | €33,771 | €58,228 | +€24,457 | +72.4% |
| Trade receivables | 40 | €14,690 | €15,216 | +€526 | +3.6% |
| Other amounts receivable | 41 | €19,082 | €43,012 | +€23,931 | +125.4% |
| Cash at bank and in hand | 54/58 | €5,897 | €3,741 | -€2,156 | -36.6% |
| Total equity and liabilities | 10/49 | €66,229 | €100,520 | +€34,292 | +51.8% |
| Equity | 10/15 | €53,316 | €74,809 | +€21,493 | +40.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 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 | €45,258 | €66,752 | +€21,493 | +47.5% |
| Amounts payable | 17/49 | €12,913 | €25,711 | +€12,799 | +99.1% |
| Amounts payable within one year | 42/48 | €12,913 | €25,711 | +€12,799 | +99.1% |
| Trade debts | 44 | €5,068 | €11,417 | +€6,349 | +125.3% |
| Suppliers | 440/4 | €5,068 | €11,417 | +€6,349 | +125.3% |
| Taxes, remuneration and social security | 45 | €7,845 | €14,295 | +€6,449 | +82.2% |
| Taxes | 450/3 | €7,845 | €14,295 | +€6,449 | +82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,707 | €8,780 | +€3,073 | +53.8% |
| Other operating charges | 640/8 | €5,776 | €4,183 | -€1,593 | -27.6% |
| Gross operating margin | 9900 | €26,418 | €41,572 | +€15,155 | +57.4% |
| Operating profit (loss) | 9901 | €14,935 | €28,609 | +€13,675 | +91.6% |
| Financial income | 75/76B | €1,232 | €1,887 | +€656 | +53.3% |
| Recurring financial income | 75 | €1,232 | €1,887 | +€656 | +53.3% |
| Financial charges | 65/66B | €705 | €751 | +€45 | +6.4% |
| Recurring financial charges | 65 | €705 | €751 | +€45 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €15,461 | €29,746 | +€14,286 | +92.4% |
| Income taxes | 67/77 | €4,819 | €8,324 | +€3,505 | +72.7% |
| Profit (loss) for the period | 9904 | €10,642 | €21,423 | +€10,781 | +101.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,642 | €21,423 | +€10,781 | +101.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.