CVRAM: 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.
CVRAM
Largest movements
- Cash +€29,466
up €29,466 (+5.9%), from €499,824 to €529,290
mainly Other debts (+€79,985) and Depreciation (+€65,246)
- Tangible fixed assets +€15,545
up €15,545 (+8.1%), from €190,933 to €206,477
of which Land and buildings: +€36,587
- Intangible fixed assets -€14,700
down €14,700 (-27.2%), from €53,969 to €39,269
- Receivables within one year -€12,611
down €12,611 (-5.5%), from €229,421 to €216,810
of which Other amounts receivable: -€14,525
- Other debts +€79,985
up €79,985 (+58.9%), from €135,823 to €215,808
- Reserves -€65,782
down €65,782 (-20.8%), from €316,136 to €250,354
of which Distributable reserves: -€65,782
- Debts after one year -€20,630
down €20,630 (-53.7%), from €38,408 to €17,778
- Tax, wage and social debts +€19,957
up €19,957 (+151.7%), from €13,156 to €33,112
of which Taxes: +€18,196
- Turnover +€35,000
up €35,000 (+18.4%), from €190,000 to €225,000
- Gross operating margin +€34,799
up €34,799 (+36.9%), from €94,277 to €129,075
- Taxes +€12,602
up €12,602 (+217.5%), from €5,794 to €18,396
- Depreciation +€2,295
up €2,295 (+3.6%), from €62,952 to €65,246
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 | €974,146 | €991,845 | +€17,699 | +1.8% |
| Fixed assets | 21/28 | €244,901 | €245,746 | +€845 | +0.3% |
| Intangible fixed assets | 21 | €53,969 | €39,269 | -€14,700 | -27.2% |
| Tangible fixed assets | 22/27 | €190,933 | €206,477 | +€15,545 | +8.1% |
| Land and buildings | 22 | €154,331 | €190,918 | +€36,587 | +23.7% |
| Plant, machinery and equipment | 23 | €17,484 | €11,657 | -€5,827 | -33.3% |
| Furniture and vehicles | 24 | €19,118 | €3,902 | -€15,216 | -79.6% |
| Current assets | 29/58 | €729,245 | €746,099 | +€16,855 | +2.3% |
| Amounts receivable within one year | 40/41 | €229,421 | €216,810 | -€12,611 | -5.5% |
| Trade receivables | 40 | - | €1,914 | +€1,914 | |
| Other amounts receivable | 41 | €229,421 | €214,896 | -€14,525 | -6.3% |
| Cash at bank and in hand | 54/58 | €499,824 | €529,290 | +€29,466 | +5.9% |
| Total equity and liabilities | 10/49 | €974,146 | €991,845 | +€17,699 | +1.8% |
| Equity | 10/15 | €746,088 | €680,306 | -€65,782 | -8.8% |
| Contributions | 10/11 | €255,000 | €255,000 | = | 0.0% |
| Reserves | 13 | €316,136 | €250,354 | -€65,782 | -20.8% |
| Non-distributable reserves | 130/1 | €25,500 | €25,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,500 | €25,500 | = | 0.0% |
| Distributable reserves | 133 | €290,636 | €224,854 | -€65,782 | -22.6% |
| Profit (loss) carried forward | 14 | €174,952 | €174,952 | = | 0.0% |
| Amounts payable | 17/49 | €228,059 | €311,540 | +€83,481 | +36.6% |
| Amounts payable after more than one year | 17 | €38,408 | €17,778 | -€20,630 | -53.7% |
| Financial debts | 170/4 | €38,408 | €17,778 | -€20,630 | -53.7% |
| Amounts payable within one year | 42/48 | €189,651 | €293,762 | +€104,111 | +54.9% |
| Financial debts | 43 | - | €227 | +€227 | |
| Credit institutions | 430/8 | - | €227 | +€227 | |
| Trade debts | 44 | €40,672 | €44,615 | +€3,943 | +9.7% |
| Suppliers | 440/4 | €40,672 | €44,615 | +€3,943 | +9.7% |
| Taxes, remuneration and social security | 45 | €13,156 | €33,112 | +€19,957 | +151.7% |
| Taxes | 450/3 | €10,283 | €28,479 | +€18,196 | +176.9% |
| Remuneration and social security | 454/9 | €2,872 | €4,633 | +€1,761 | +61.3% |
| Other amounts payable | 47/48 | €135,823 | €215,808 | +€79,985 | +58.9% |
| Turnover | 70 | €190,000 | €225,000 | +€35,000 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,952 | €65,246 | +€2,295 | +3.6% |
| Other operating charges | 640/8 | €5,197 | €5,240 | +€43 | +0.8% |
| Gross operating margin | 9900 | €94,277 | €129,075 | +€34,799 | +36.9% |
| Operating profit (loss) | 9901 | €26,128 | €58,589 | +€32,461 | +124.2% |
| Financial income | 75/76B | - | €485 | +€485 | |
| Recurring financial income | 75 | - | €485 | +€485 | |
| Financial charges | 65/66B | €2,504 | €1,156 | -€1,349 | -53.9% |
| Recurring financial charges | 65 | €2,504 | €1,156 | -€1,349 | -53.9% |
| Profit (loss) for the period before taxes | 9903 | €23,624 | €57,919 | +€34,295 | +145.2% |
| Income taxes | 67/77 | €5,794 | €18,396 | +€12,602 | +217.5% |
| Profit (loss) for the period | 9904 | €17,829 | €39,523 | +€21,693 | +121.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,829 | €39,523 | +€21,693 | +121.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.