CVO CONSULT: 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 CONSULT
Largest movements
- Receivables within one year +€30,892
up €30,892 (+18.3%), from €169,212 to €200,104
of which Other amounts receivable: +€25,806
- Cash +€27,748
up €27,748 (+25.5%), from €108,693 to €136,442
mainly Other debts (+€137,273) and Net result for the year (+€71,466)
- Tangible fixed assets -€8,827
down €8,827 (-44.8%), from €19,714 to €10,887
of which Furniture and vehicles: -€8,653
- Deferred charges and accrued income +€4,376
up €4,376 (+95.7%), from €4,574 to €8,950
- Other debts +€137,273
up €137,273 (+711.4%), from €19,295 to €156,568
- Reserves -€85,102
down €85,102 (-32.2%), from €264,633 to €179,530
of which Distributable reserves: -€85,102
- Gross operating margin +€26,479
up €26,479 (+34.7%), from €76,283 to €102,762
- Taxes +€8,248
up €8,248 (+40.2%), from €20,530 to €28,778
- Financial income +€5,043
up €5,043 (+149.2%), from €3,380 to €8,423
- Depreciation -€3,465
down €3,465 (-28.1%), from €12,333 to €8,867
- Other operating charges +€1,810
up €1,810 (+1573.6%), from €115 to €1,925
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 | €302,218 | €356,409 | +€54,190 | +17.9% |
| Fixed assets | 21/28 | €19,739 | €10,912 | -€8,827 | -44.7% |
| Tangible fixed assets | 22/27 | €19,714 | €10,887 | -€8,827 | -44.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €18,314 | €9,660 | -€8,653 | -47.3% |
| Other tangible fixed assets | 26 | €1,400 | €1,227 | -€173 | -12.4% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €282,479 | €345,496 | +€63,017 | +22.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €169,212 | €200,104 | +€30,892 | +18.3% |
| Trade receivables | 40 | €39,118 | €44,204 | +€5,086 | +13.0% |
| Other amounts receivable | 41 | €130,094 | €155,900 | +€25,806 | +19.8% |
| Cash at bank and in hand | 54/58 | €108,693 | €136,442 | +€27,748 | +25.5% |
| Deferred charges and accrued income | 490/1 | €4,574 | €8,950 | +€4,376 | +95.7% |
| Total equity and liabilities | 10/49 | €302,218 | €356,409 | +€54,190 | +17.9% |
| Equity | 10/15 | €264,733 | €179,630 | -€85,102 | -32.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €264,633 | €179,530 | -€85,102 | -32.2% |
| Tax-exempt reserves | 132 | €215 | €215 | = | 0.0% |
| Distributable reserves | 133 | €264,418 | €179,316 | -€85,102 | -32.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,486 | €176,778 | +€139,293 | +371.6% |
| Amounts payable within one year | 42/48 | €37,486 | €176,778 | +€139,293 | +371.6% |
| Trade debts | 44 | €3,375 | €1,879 | -€1,497 | -44.3% |
| Suppliers | 440/4 | €3,375 | €1,879 | -€1,497 | -44.3% |
| Taxes, remuneration and social security | 45 | €14,815 | €18,331 | +€3,516 | +23.7% |
| Taxes | 450/3 | €14,545 | €18,331 | +€3,786 | +26.0% |
| Remuneration and social security | 454/9 | €270 | €0 | -€270 | -100.0% |
| Other amounts payable | 47/48 | €19,295 | €156,568 | +€137,273 | +711.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,333 | €8,867 | -€3,465 | -28.1% |
| Other operating charges | 640/8 | €115 | €1,925 | +€1,810 | +1573.6% |
| Gross operating margin | 9900 | €76,283 | €102,762 | +€26,479 | +34.7% |
| Operating profit (loss) | 9901 | €63,835 | €91,970 | +€28,134 | +44.1% |
| Financial income | 75/76B | €3,380 | €8,423 | +€5,043 | +149.2% |
| Recurring financial income | 75 | €3,380 | €8,423 | +€5,043 | +149.2% |
| Financial charges | 65/66B | €69 | €148 | +€79 | +114.7% |
| Recurring financial charges | 65 | €69 | €148 | +€79 | +114.7% |
| Profit (loss) for the period before taxes | 9903 | €67,146 | €100,244 | +€33,098 | +49.3% |
| Income taxes | 67/77 | €20,530 | €28,778 | +€8,248 | +40.2% |
| Profit (loss) for the period | 9904 | €46,617 | €71,466 | +€24,849 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,617 | €71,466 | +€24,849 | +53.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.