CVR GROUP: 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.
CVR GROUP
Largest movements
- Receivables after one year +€200,000
new in 2025: €200,000
- Receivables within one year +€78,317
up €78,317 (+21.6%), from €363,004 to €441,322
of which Trade receivables: +€76,042
- Cash +€60,418
up €60,418 (+19.5%), from €310,602 to €371,020
mainly Net result for the year (+€198,285) and Accrued charges and deferred income (+€171,941)
- Deferred charges and accrued income -€22,062
down €22,062 (-65.1%), from €33,913 to €11,851
- Profit (loss) carried forward +€198,285
up €198,285 (+772%), from €25,669 to €223,954
- Accrued charges and deferred income +€171,941
up €171,941 (+166%), from €103,827 to €275,768
- Trade debts -€43,209
down €43,209 (-11.5%), from €376,355 to €333,146
- Other debts -€37,770
no longer reported in 2025 (was €37,770)
- Tax, wage and social debts +€35,558
up €35,558 (+89.3%), from €39,798 to €75,357
of which Taxes: +€21,584
- Gross operating margin +€966,620
up €966,620 (+183%), from €526,833 to €1.5m
- Staff costs +€923,080
up €923,080 (+336%), from €275,018 to €1.2m
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 | €787,117 | €1,097,979 | +€310,862 | +39.5% |
| Fixed assets | 21/28 | €79,598 | €73,787 | -€5,811 | -7.3% |
| Tangible fixed assets | 22/27 | €79,378 | €73,567 | -€5,811 | -7.3% |
| Plant, machinery and equipment | 23 | €51,192 | €43,306 | -€7,886 | -15.4% |
| Furniture and vehicles | 24 | €6,016 | €13,751 | +€7,735 | +129% |
| Leasing and similar rights | 25 | €22,170 | €16,510 | -€5,660 | -25.5% |
| Financial fixed assets | 28 | €220 | €220 | = | 0.0% |
| Current assets | 29/58 | €707,519 | €1,024,192 | +€316,673 | +44.8% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €363,004 | €441,322 | +€78,317 | +21.6% |
| Trade receivables | 40 | €268,806 | €344,848 | +€76,042 | +28.3% |
| Other amounts receivable | 41 | €94,198 | €96,474 | +€2,276 | +2.4% |
| Cash at bank and in hand | 54/58 | €310,602 | €371,020 | +€60,418 | +19.5% |
| Deferred charges and accrued income | 490/1 | €33,913 | €11,851 | -€22,062 | -65.1% |
| Total equity and liabilities | 10/49 | €787,117 | €1,097,979 | +€310,862 | +39.5% |
| Equity | 10/15 | €177,669 | €375,954 | +€198,285 | +112% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,669 | €223,954 | +€198,285 | +772% |
| Amounts payable | 17/49 | €609,448 | €722,025 | +€112,577 | +18.5% |
| Amounts payable after more than one year | 17 | €37,755 | €23,574 | -€14,181 | -37.6% |
| Financial debts | 170/4 | €37,755 | €23,574 | -€14,181 | -37.6% |
| Amounts payable within one year | 42/48 | €467,867 | €422,684 | -€45,183 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €13,943 | €14,181 | +€237 | +1.7% |
| Trade debts | 44 | €376,355 | €333,146 | -€43,209 | -11.5% |
| Suppliers | 440/4 | €376,355 | €333,146 | -€43,209 | -11.5% |
| Taxes, remuneration and social security | 45 | €39,798 | €75,357 | +€35,558 | +89.3% |
| Taxes | 450/3 | €12,570 | €34,155 | +€21,584 | +172% |
| Remuneration and social security | 454/9 | €27,228 | €41,202 | +€13,974 | +51.3% |
| Other amounts payable | 47/48 | €37,770 | - | -€37,770 | |
| Accrued charges and deferred income | 492/3 | €103,827 | €275,768 | +€171,941 | +166% |
| Remuneration, social security and pensions | 62 | €275,018 | €1,198,098 | +€923,080 | +336% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,250 | €16,913 | +€6,663 | +65.0% |
| Other operating charges | 640/8 | €2,173 | €1,815 | -€357 | -16.5% |
| Gross operating margin | 9900 | €526,833 | €1,493,453 | +€966,620 | +183% |
| Operating profit (loss) | 9901 | €239,392 | €276,627 | +€37,235 | +15.6% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €3,411 | €5,789 | +€2,377 | +69.7% |
| Recurring financial charges | 65 | €3,411 | €5,789 | +€2,377 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €235,981 | €270,856 | +€34,876 | +14.8% |
| Income taxes | 67/77 | €70,570 | €72,571 | +€2,001 | +2.8% |
| Profit (loss) for the period | 9904 | €165,411 | €198,285 | +€32,874 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €165,411 | €198,285 | +€32,874 | +19.9% |
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 22 October 2026 via checked.be.