CVP MANAGEMENT: 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.
CVP MANAGEMENT
Largest movements
- Cash -€9,607
down €9,607 (-7.5%), from €127,692 to €118,085
mainly Investment in fixed assets (net) (-€28,811) and Debts after one year (-€6,968)
- Receivables within one year +€6,690
up €6,690 (+104%), from €6,427 to €13,117
- Tangible fixed assets +€5,739
up €5,739 (+2.4%), from €241,716 to €247,455
of which Furniture and vehicles: +€18,695
- Reserves +€15,694
up €15,694 (+6.2%), from €251,970 to €267,664
- Debts after one year -€6,968
down €6,968 (-16.3%), from €42,722 to €35,754
- Gross operating margin +€20,816
up €20,816 (+68.7%), from €30,317 to €51,133
- Depreciation +€7,391
up €7,391 (+47.1%), from €15,681 to €23,072
- Taxes +€5,057
up €5,057 (+115%), from €4,395 to €9,452
- Financial income +€3,127
up €3,127 (+593%), from €527 to €3,654
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 | €378,734 | €380,427 | +€1,693 | +0.4% |
| Fixed assets | 21/28 | €241,966 | €247,705 | +€5,739 | +2.4% |
| Tangible fixed assets | 22/27 | €241,716 | €247,455 | +€5,739 | +2.4% |
| Land and buildings | 22 | €238,217 | €225,261 | -€12,956 | -5.4% |
| Furniture and vehicles | 24 | €3,499 | €22,194 | +€18,695 | +534% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €136,768 | €132,722 | -€4,046 | -3.0% |
| Amounts receivable within one year | 40/41 | €6,427 | €13,117 | +€6,690 | +104% |
| Trade receivables | 40 | €6,427 | €13,117 | +€6,690 | +104% |
| Cash at bank and in hand | 54/58 | €127,692 | €118,085 | -€9,607 | -7.5% |
| Deferred charges and accrued income | 490/1 | €2,649 | €1,520 | -€1,129 | -42.6% |
| Total equity and liabilities | 10/49 | €378,734 | €380,427 | +€1,693 | +0.4% |
| Equity | 10/15 | €281,970 | €297,664 | +€15,694 | +5.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €251,970 | €267,664 | +€15,694 | +6.2% |
| Distributable reserves | 133 | €251,970 | €267,664 | +€15,694 | +6.2% |
| Amounts payable | 17/49 | €96,764 | €82,763 | -€14,001 | -14.5% |
| Amounts payable after more than one year | 17 | €42,722 | €35,754 | -€6,968 | -16.3% |
| Financial debts | 170/4 | €42,722 | €35,754 | -€6,968 | -16.3% |
| Amounts payable within one year | 42/48 | €54,042 | €47,009 | -€7,033 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €6,908 | €6,968 | +€60 | +0.9% |
| Trade debts | 44 | €1,297 | €287 | -€1,010 | -77.9% |
| Suppliers | 440/4 | €1,297 | €287 | -€1,010 | -77.9% |
| Taxes, remuneration and social security | 45 | €8,346 | €4,621 | -€3,725 | -44.6% |
| Taxes | 450/3 | €8,346 | €4,621 | -€3,725 | -44.6% |
| Other amounts payable | 47/48 | €37,491 | €35,133 | -€2,358 | -6.3% |
| Non-recurring operating income | 76A | - | €1,901 | +€1,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,681 | €23,072 | +€7,391 | +47.1% |
| Other operating charges | 640/8 | €2,707 | €3,083 | +€376 | +13.9% |
| Gross operating margin | 9900 | €30,317 | €51,133 | +€20,816 | +68.7% |
| Operating profit (loss) | 9901 | €11,929 | €24,978 | +€13,049 | +109% |
| Financial income | 75/76B | €527 | €3,654 | +€3,127 | +593% |
| Recurring financial income | 75 | €527 | €3,654 | +€3,127 | +593% |
| Financial charges | 65/66B | €3,018 | €3,486 | +€468 | +15.5% |
| Recurring financial charges | 65 | €3,018 | €3,486 | +€468 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €9,438 | €25,146 | +€15,708 | +166% |
| Income taxes | 67/77 | €4,395 | €9,452 | +€5,057 | +115% |
| Profit (loss) for the period | 9904 | €5,043 | €15,694 | +€10,651 | +211% |
| Profit (loss) for the period to be appropriated | 9905 | €5,043 | €15,694 | +€10,651 | +211% |
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 29 October 2026 via checked.be.