CVR: what changed
Two fiscal 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.
CVR
Largest movements
- Stocks and contracts -€283,423
no longer reported in 2025 (was €283,423)
of which Stocks: -€279,515
- Receivables within one year +€121,580
up €121,580 (+1234.1%), from €9,851 to €131,431
- Cash +€5,269
up €5,269 (+157.7%), from €3,340 to €8,609
mainly Stocks and contracts (+€283,423) and Net result for the year (+€49,400)
- Short-term financial debts -€180,803
no longer reported in 2025 (was €180,803)
- Profit (loss) carried forward +€49,400
up €49,400, from -€19,341 to €30,058
- Debts after one year -€40,000
down €40,000 (-36.4%), from €110,000 to €70,000
- Other debts +€8,133
up €8,133 (+406.6%), from €2,000 to €10,133
- Tax, wage and social debts +€7,829
up €7,829 (+1511.6%), from €518 to €8,346
- Gross operating margin +€83,713
up €83,713, from -€13,439 to €70,274
- Taxes +€7,515
new in 2025: €7,515
- Financial charges +€4,172
up €4,172 (+78.7%), from €5,300 to €9,472
- Other operating charges +€3,285
up €3,285 (+545.5%), from €602 to €3,887
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 | €297,061 | €140,040 | -€157,021 | -52.9% |
| Current assets | 29/58 | €297,061 | €140,040 | -€157,021 | -52.9% |
| Stocks and contracts in progress | 3 | €283,423 | - | -€283,423 | |
| Stocks | 30/36 | €279,515 | - | -€279,515 | |
| Contracts in progress | 37 | €3,908 | - | -€3,908 | |
| Amounts receivable within one year | 40/41 | €9,851 | €131,431 | +€121,580 | +1234.1% |
| Other amounts receivable | 41 | €9,851 | €131,431 | +€121,580 | +1234.1% |
| Cash at bank and in hand | 54/58 | €3,340 | €8,609 | +€5,269 | +157.7% |
| Deferred charges and accrued income | 490/1 | €447 | - | -€447 | |
| Total equity and liabilities | 10/49 | €297,061 | €140,040 | -€157,021 | -52.9% |
| Equity | 10/15 | €2,161 | €51,561 | +€49,400 | +2285.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €17,503 | €17,503 | = | 0.0% |
| Distributable reserves | 133 | €17,503 | €17,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,341 | €30,058 | +€49,400 | |
| Amounts payable | 17/49 | €294,900 | €88,479 | -€206,421 | -70.0% |
| Amounts payable after more than one year | 17 | €110,000 | €70,000 | -€40,000 | -36.4% |
| Other amounts payable | 178/9 | €110,000 | €70,000 | -€40,000 | -36.4% |
| Amounts payable within one year | 42/48 | €184,900 | €18,479 | -€166,421 | -90.0% |
| Financial debts | 43 | €180,803 | - | -€180,803 | |
| Credit institutions | 430/8 | €180,803 | - | -€180,803 | |
| Trade debts | 44 | €1,579 | - | -€1,579 | |
| Suppliers | 440/4 | €1,579 | - | -€1,579 | |
| Taxes, remuneration and social security | 45 | €518 | €8,346 | +€7,829 | +1511.6% |
| Taxes | 450/3 | €518 | €8,346 | +€7,829 | +1511.6% |
| Other amounts payable | 47/48 | €2,000 | €10,133 | +€8,133 | +406.6% |
| Other operating charges | 640/8 | €602 | €3,887 | +€3,285 | +545.5% |
| Gross operating margin | 9900 | -€13,439 | €70,274 | +€83,713 | |
| Operating profit (loss) | 9901 | -€14,041 | €66,386 | +€80,428 | |
| Financial charges | 65/66B | €5,300 | €9,472 | +€4,172 | +78.7% |
| Recurring financial charges | 65 | €5,300 | €9,472 | +€4,172 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,341 | €56,914 | +€76,255 | |
| Income taxes | 67/77 | - | €7,515 | +€7,515 | |
| Profit (loss) for the period | 9904 | -€19,341 | €49,400 | +€68,741 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,341 | €49,400 | +€68,741 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.