CVR SHUTTLE SERVICE: what changed
What changed
CVR SHUTTLE SERVICE
NACE 53.200, Other postal and courier activities
filed annual accounts (NBB)
Net result for the year
€4,215
2024 · -€364+€4,579
Equity
€12,900
2024 · €8,686+€4,215
Cash
€26,008
2024 · €18,947+€7,061
Balance sheet total
€57,011
2024 · €59,844-€2,833
Largest movements
Assets
- Tangible fixed assets -€11,134
down €11,134 (-28.4%), from €39,187 to €28,053
- Cash +€7,061
up €7,061 (+37.3%), from €18,947 to €26,008
mainly Depreciation (+€11,332) and Net result for the year (+€4,215)
- Intangible fixed assets +€802
new in 2025: €802
Equity and liabilities
- Debts after one year -€8,414
down €8,414 (-32.6%), from €25,831 to €17,417
- Profit (loss) carried forward +€4,215
up €4,215 (+35.8%), from -€11,774 to -€7,560
- Other debts +€2,354
up €2,354 (+23.6%), from €9,978 to €12,333
- Trade debts -€936
down €936 (-53.6%), from €1,747 to €812
Income statement
- Other operating charges -€2,758
down €2,758 (-63.2%), from €4,366 to €1,608
- Gross operating margin +€1,625
up €1,625 (+8.9%), from €18,328 to €19,953
- Financial charges -€411
down €411 (-13.4%), from €3,064 to €2,653
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€364
Gross operating margin
+€1,625
Depreciation
-€198
Other operating charges
+€2,758
Financial income
+€0
Financial charges
+€411
Taxes
-€18
Result 2025
€4,215
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€16,573
Investment
-€1,000
Financing
-€8,513
Cash 2024
€18,947
From operations (derived)
+€16,573
Net result for the year
+€4,215
Depreciation
+€11,332
Receivables within one year
-€439
Trade debts
-€936
Tax, wage and social debts
+€47
Other debts
+€2,354
Investment (derived)
-€1,000
Investment in fixed assets (net)
-€1,000
Financing
-€8,513
Debts after one year
-€8,414
Current portion of long-term debt
-€178
Short-term financial debts
+€79
Cash 2025
€26,008
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,844 | €57,011 | -€2,833 | -4.7% |
| Fixed assets | 21/28 | €39,187 | €28,855 | -€10,332 | -26.4% |
| Intangible fixed assets | 21 | - | €802 | +€802 | |
| Tangible fixed assets | 22/27 | €39,187 | €28,053 | -€11,134 | -28.4% |
| Furniture and vehicles | 24 | €39,187 | €28,053 | -€11,134 | -28.4% |
| Current assets | 29/58 | €20,657 | €28,156 | +€7,500 | +36.3% |
| Amounts receivable within one year | 40/41 | €1,710 | €2,148 | +€439 | +25.7% |
| Trade receivables | 40 | €760 | €1,210 | +€450 | +59.3% |
| Other amounts receivable | 41 | €950 | €938 | -€12 | -1.2% |
| Cash at bank and in hand | 54/58 | €18,947 | €26,008 | +€7,061 | +37.3% |
| Total equity and liabilities | 10/49 | €59,844 | €57,011 | -€2,833 | -4.7% |
| Equity | 10/15 | €8,686 | €12,900 | +€4,215 | +48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,774 | -€7,560 | +€4,215 | +35.8% |
| Amounts payable | 17/49 | €51,158 | €44,111 | -€7,047 | -13.8% |
| Amounts payable after more than one year | 17 | €25,831 | €17,417 | -€8,414 | -32.6% |
| Financial debts | 170/4 | €25,831 | €17,417 | -€8,414 | -32.6% |
| Amounts payable within one year | 42/48 | €25,328 | €26,694 | +€1,366 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €8,591 | €8,414 | -€178 | -2.1% |
| Financial debts | 43 | €42 | €121 | +€79 | +188% |
| Credit institutions | 430/8 | €42 | €121 | +€79 | +188% |
| Trade debts | 44 | €1,747 | €812 | -€936 | -53.6% |
| Suppliers | 440/4 | €1,747 | €812 | -€936 | -53.6% |
| Taxes, remuneration and social security | 45 | €4,969 | €5,015 | +€47 | +0.9% |
| Taxes | 450/3 | €216 | €240 | +€24 | +11.2% |
| Remuneration and social security | 454/9 | €4,753 | €4,775 | +€22 | +0.5% |
| Other amounts payable | 47/48 | €9,978 | €12,333 | +€2,354 | +23.6% |
| Non-recurring operating income | 76A | €1,446 | €0 | -€1,446 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,135 | €11,332 | +€198 | +1.8% |
| Other operating charges | 640/8 | €4,366 | €1,608 | -€2,758 | -63.2% |
| Gross operating margin | 9900 | €18,328 | €19,953 | +€1,625 | +8.9% |
| Operating profit (loss) | 9901 | €2,828 | €7,013 | +€4,186 | +148% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,064 | €2,653 | -€411 | -13.4% |
| Recurring financial charges | 65 | €3,064 | €2,653 | -€411 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€236 | €4,361 | +€4,597 | |
| Income taxes | 67/77 | €128 | €146 | +€18 | +14.2% |
| Profit (loss) for the period | 9904 | -€364 | €4,215 | +€4,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€364 | €4,215 | +€4,579 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.