CvoorU: 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.
CvoorU
Largest movements
- Cash +€34,467
up €34,467 (+96.1%), from €35,881 to €70,348
mainly Net result for the year (+€53,224) and Receivables within one year (+€28,171)
- Receivables within one year -€28,171
down €28,171 (-61.8%), from €45,603 to €17,433
of which Trade receivables: -€23,531
- Tangible fixed assets -€13,083
down €13,083 (-34.8%), from €37,589 to €24,506
- Deferred charges and accrued income -€1,344
down €1,344 (-56.6%), from €2,374 to €1,030
- Current portion of long-term debt -€5,940
down €5,940 (-100%), from €5,940 to €0
- Other debts -€3,005
down €3,005 (-4.2%), from €70,727 to €67,722
- Gross operating margin -€17,635
down €17,635 (-18.2%), from €96,981 to €79,346
- Depreciation -€9,713
down €9,713 (-58.8%), from €16,504 to €6,792
- Taxes -€2,366
down €2,366 (-14.1%), from €16,754 to €14,388
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 | €121,446 | €113,316 | -€8,130 | -6.7% |
| Fixed assets | 21/28 | €37,589 | €24,506 | -€13,083 | -34.8% |
| Tangible fixed assets | 22/27 | €37,589 | €24,506 | -€13,083 | -34.8% |
| Plant, machinery and equipment | 23 | €1,584 | €874 | -€710 | -44.8% |
| Furniture and vehicles | 24 | €4,565 | €3,346 | -€1,220 | -26.7% |
| Leasing and similar rights | 25 | €6,291 | €0 | -€6,291 | -100% |
| Other tangible fixed assets | 26 | €25,149 | €20,286 | -€4,862 | -19.3% |
| Current assets | 29/58 | €83,858 | €88,810 | +€4,953 | +5.9% |
| Amounts receivable within one year | 40/41 | €45,603 | €17,433 | -€28,171 | -61.8% |
| Trade receivables | 40 | €36,351 | €12,820 | -€23,531 | -64.7% |
| Other amounts receivable | 41 | €9,252 | €4,612 | -€4,640 | -50.1% |
| Cash at bank and in hand | 54/58 | €35,881 | €70,348 | +€34,467 | +96.1% |
| Deferred charges and accrued income | 490/1 | €2,374 | €1,030 | -€1,344 | -56.6% |
| Total equity and liabilities | 10/49 | €121,446 | €113,316 | -€8,130 | -6.7% |
| Equity | 10/15 | €34,069 | €34,069 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €32,069 | €32,069 | = | 0.0% |
| Distributable reserves | 133 | €32,069 | €32,069 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,377 | €79,247 | -€8,130 | -9.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €87,377 | €79,247 | -€8,130 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €5,940 | €0 | -€5,940 | -100% |
| Trade debts | 44 | €4,801 | €5,518 | +€717 | +14.9% |
| Suppliers | 440/4 | €4,801 | €5,518 | +€717 | +14.9% |
| Taxes, remuneration and social security | 45 | €5,910 | €6,007 | +€97 | +1.6% |
| Taxes | 450/3 | €5,910 | €6,007 | +€97 | +1.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €70,727 | €67,722 | -€3,005 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,504 | €6,792 | -€9,713 | -58.8% |
| Other operating charges | 640/8 | €734 | €805 | +€70 | +9.6% |
| Non-recurring operating charges | 66A | - | €2,915 | +€2,915 | |
| Gross operating margin | 9900 | €96,981 | €79,346 | -€17,635 | -18.2% |
| Operating profit (loss) | 9901 | €79,742 | €68,835 | -€10,907 | -13.7% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100% |
| Financial charges | 65/66B | €403 | €1,223 | +€820 | +203% |
| Recurring financial charges | 65 | €403 | €1,223 | +€820 | +203% |
| Profit (loss) for the period before taxes | 9903 | €79,349 | €67,612 | -€11,738 | -14.8% |
| Income taxes | 67/77 | €16,754 | €14,388 | -€2,366 | -14.1% |
| Profit (loss) for the period | 9904 | €62,595 | €53,224 | -€9,371 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,595 | €53,224 | -€9,371 | -15.0% |
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 19 October 2026 via checked.be.