Cvs Concept: 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.
Cvs Concept
Largest movements
- Tangible fixed assets -€97,755
down €97,755 (-46.5%), from €210,259 to €112,504
of which Furniture and vehicles: -€87,344
- Cash -€31,554
down €31,554 (-64.3%), from €49,088 to €17,534
mainly Debts after one year (-€70,316) and Net result for the year (-€61,903)
- Deferred charges and accrued income -€14,706
down €14,706 (-94.2%), from €15,609 to €903
- Stocks and contracts -€11,640
down €11,640 (-44.3%), from €26,252 to €14,612
- Receivables within one year +€9,808
up €9,808 (+12.3%), from €79,743 to €89,551
of which Other amounts receivable: +€30,957
- Debts after one year -€70,316
down €70,316 (-55.8%), from €125,987 to €55,671
- Profit (loss) carried forward -€61,903
down €61,903, from €48,153 to -€13,750
- Tax, wage and social debts -€34,408
down €34,408 (-92.3%), from €37,270 to €2,862
of which Remuneration and social security: -€29,138
- Short-term financial debts +€22,518
up €22,518 (+39.5%), from €56,988 to €79,505
- Trade debts +€13,121
up €13,121 (+15.6%), from €83,845 to €96,966
- Staff costs +€99,628
up €99,628 (+30.3%), from €328,810 to €428,438
- Gross operating margin +€39,932
up €39,932 (+9.8%), from €407,724 to €447,655
- Other operating charges +€20,197
up €20,197 (+158.7%), from €12,730 to €32,927
- Taxes -€7,015
down €7,015 (-98.6%), from €7,114 to €99
- Financial charges +€4,679
up €4,679 (+60.5%), from €7,733 to €12,412
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 | €381,101 | €235,254 | -€145,847 | -38.3% |
| Fixed assets | 21/28 | €210,409 | €112,654 | -€97,755 | -46.5% |
| Tangible fixed assets | 22/27 | €210,259 | €112,504 | -€97,755 | -46.5% |
| Plant, machinery and equipment | 23 | €53,283 | €43,095 | -€10,188 | -19.1% |
| Furniture and vehicles | 24 | €156,246 | €68,902 | -€87,344 | -55.9% |
| Other tangible fixed assets | 26 | €730 | €507 | -€223 | -30.5% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €170,692 | €122,600 | -€48,092 | -28.2% |
| Stocks and contracts in progress | 3 | €26,252 | €14,612 | -€11,640 | -44.3% |
| Stocks | 30/36 | €26,252 | €14,612 | -€11,640 | -44.3% |
| Amounts receivable within one year | 40/41 | €79,743 | €89,551 | +€9,808 | +12.3% |
| Trade receivables | 40 | €50,655 | €29,507 | -€21,148 | -41.7% |
| Other amounts receivable | 41 | €29,088 | €60,045 | +€30,957 | +106.4% |
| Cash at bank and in hand | 54/58 | €49,088 | €17,534 | -€31,554 | -64.3% |
| Deferred charges and accrued income | 490/1 | €15,609 | €903 | -€14,706 | -94.2% |
| Total equity and liabilities | 10/49 | €381,101 | €235,254 | -€145,847 | -38.3% |
| Equity | 10/15 | €72,653 | €250 | -€72,403 | -99.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €20,500 | €10,000 | -€10,500 | -51.2% |
| Distributable reserves | 133 | €20,500 | €10,000 | -€10,500 | -51.2% |
| Profit (loss) carried forward | 14 | €48,153 | -€13,750 | -€61,903 | |
| Amounts payable | 17/49 | €308,448 | €235,004 | -€73,444 | -23.8% |
| Amounts payable after more than one year | 17 | €125,987 | €55,671 | -€70,316 | -55.8% |
| Financial debts | 170/4 | €125,987 | €55,671 | -€70,316 | -55.8% |
| Amounts payable within one year | 42/48 | €182,461 | €179,333 | -€3,127 | -1.7% |
| Financial debts | 43 | €56,988 | €79,505 | +€22,518 | +39.5% |
| Credit institutions | 430/8 | €56,988 | €79,505 | +€22,518 | +39.5% |
| Trade debts | 44 | €83,845 | €96,966 | +€13,121 | +15.6% |
| Suppliers | 440/4 | €83,845 | €96,966 | +€13,121 | +15.6% |
| Taxes, remuneration and social security | 45 | €37,270 | €2,862 | -€34,408 | -92.3% |
| Taxes | 450/3 | €6,114 | €844 | -€5,270 | -86.2% |
| Remuneration and social security | 454/9 | €31,156 | €2,018 | -€29,138 | -93.5% |
| Other amounts payable | 47/48 | €4,358 | - | -€4,358 | |
| Non-recurring operating income | 76A | €11,424 | - | -€11,424 | |
| Remuneration, social security and pensions | 62 | €328,810 | €428,438 | +€99,628 | +30.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,865 | €41,400 | -€465 | -1.1% |
| Other operating charges | 640/8 | €12,730 | €32,927 | +€20,197 | +158.7% |
| Non-recurring operating charges | 66A | €1,456 | - | -€1,456 | |
| Gross operating margin | 9900 | €407,724 | €447,655 | +€39,932 | +9.8% |
| Operating profit (loss) | 9901 | €22,862 | -€55,110 | -€77,973 | |
| Financial income | 75/76B | €2,734 | €5,718 | +€2,985 | +109.2% |
| Recurring financial income | 75 | €2,734 | €5,718 | +€2,985 | +109.2% |
| Financial charges | 65/66B | €7,733 | €12,412 | +€4,679 | +60.5% |
| Recurring financial charges | 65 | €7,733 | €12,412 | +€4,679 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €17,863 | -€61,804 | -€79,667 | |
| Income taxes | 67/77 | €7,114 | €99 | -€7,015 | -98.6% |
| Profit (loss) for the period | 9904 | €10,749 | -€61,903 | -€72,652 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,749 | -€61,903 | -€72,652 |
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 8 October 2026 via checked.be.