CVRS Estate: 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.
CVRS Estate
Largest movements
- Stocks and contracts +€20,100
up €20,100 (+80.1%), from €25,100 to €45,200
- Receivables within one year +€5,881
up €5,881 (+78.4%), from €7,498 to €13,379
of which Trade receivables: +€3,048
- Cash +€3,299
up €3,299 (+280.2%), from €1,177 to €4,477
mainly Net result for the year (+€11,504) and Trade debts (+€11,372)
- Profit (loss) carried forward +€11,504
new in 2025: €11,504
- Trade debts +€11,372
up €11,372 (+91050.3%), from €12 to €11,385
- Other debts +€10,825
up €10,825 (+70.6%), from €15,337 to €26,163
- Debts after one year -€3,387
down €3,387 (-33.3%), from €10,161 to €6,773
- Short-term financial debts -€1,172
down €1,172 (-100.0%), from €1,172 to €0
- Gross operating margin +€13,748
up €13,748 (+819.9%), from €1,677 to €15,425
- Taxes +€2,915
up €2,915 (+1680.5%), from €173 to €3,088
- Financial charges -€957
down €957 (-60.3%), from €1,586 to €629
- Other operating charges +€387
up €387 (+212.2%), from €182 to €569
- Financial income -€234
down €234 (-39.0%), from €600 to €366
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 | €35,452 | €64,733 | +€29,281 | +82.6% |
| Fixed assets | 21/28 | €1,677 | €1,677 | = | 0.0% |
| Financial fixed assets | 28 | €1,677 | €1,677 | = | 0.0% |
| Current assets | 29/58 | €33,775 | €63,056 | +€29,281 | +86.7% |
| Stocks and contracts in progress | 3 | €25,100 | €45,200 | +€20,100 | +80.1% |
| Stocks | 30/36 | €25,100 | €45,200 | +€20,100 | +80.1% |
| Amounts receivable within one year | 40/41 | €7,498 | €13,379 | +€5,881 | +78.4% |
| Trade receivables | 40 | €5,998 | €9,046 | +€3,048 | +50.8% |
| Other amounts receivable | 41 | €1,500 | €4,333 | +€2,833 | +188.9% |
| Cash at bank and in hand | 54/58 | €1,177 | €4,477 | +€3,299 | +280.2% |
| Total equity and liabilities | 10/49 | €35,452 | €64,733 | +€29,281 | +82.6% |
| Equity | 10/15 | €1,835 | €13,339 | +€11,504 | +626.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | - | -€1,500 | |
| Other | 1109/19 | €1,500 | - | -€1,500 | |
| Reserves | 13 | €335 | €335 | = | 0.0% |
| Distributable reserves | 133 | €335 | €335 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €11,504 | +€11,504 | |
| Amounts payable | 17/49 | €33,617 | €51,394 | +€17,777 | +52.9% |
| Amounts payable after more than one year | 17 | €10,161 | €6,773 | -€3,387 | -33.3% |
| Financial debts | 170/4 | €10,161 | €6,773 | -€3,387 | -33.3% |
| Amounts payable within one year | 42/48 | €23,457 | €44,621 | +€21,164 | +90.2% |
| Current portion of amounts payable after more than one year | 42 | €2,816 | €3,335 | +€520 | +18.5% |
| Financial debts | 43 | €1,172 | €0 | -€1,172 | -100.0% |
| Credit institutions | 430/8 | €1,172 | €0 | -€1,172 | -100.0% |
| Trade debts | 44 | €12 | €11,385 | +€11,372 | +91050.3% |
| Suppliers | 440/4 | €12 | €11,385 | +€11,372 | +91050.3% |
| Taxes, remuneration and social security | 45 | €4,119 | €3,738 | -€381 | -9.3% |
| Taxes | 450/3 | €4,119 | €3,738 | -€381 | -9.3% |
| Other amounts payable | 47/48 | €15,337 | €26,163 | +€10,825 | +70.6% |
| Other operating charges | 640/8 | €182 | €569 | +€387 | +212.2% |
| Gross operating margin | 9900 | €1,677 | €15,425 | +€13,748 | +819.9% |
| Operating profit (loss) | 9901 | €1,494 | €14,856 | +€13,361 | +894.0% |
| Financial income | 75/76B | €600 | €366 | -€234 | -39.0% |
| Recurring financial income | 75 | €600 | €366 | -€234 | -39.0% |
| Financial charges | 65/66B | €1,586 | €629 | -€957 | -60.3% |
| Recurring financial charges | 65 | €1,586 | €629 | -€957 | -60.3% |
| Profit (loss) for the period before taxes | 9903 | €508 | €14,592 | +€14,084 | +2769.9% |
| Income taxes | 67/77 | €173 | €3,088 | +€2,915 | +1680.5% |
| Profit (loss) for the period | 9904 | €335 | €11,504 | +€11,169 | +3334.0% |
| Profit (loss) for the period to be appropriated | 9905 | €335 | €11,504 | +€11,169 | +3334.0% |
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 6 October 2026 via checked.be.