CVS Projects: 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.
CVS Projects
Largest movements
- Cash -€29,896
down €29,896 (-76.8%), from €38,925 to €9,029
mainly Net result for the year (-€15,948) and Receivables within one year (-€12,795)
- Receivables within one year +€12,795
up €12,795 (+375%), from €3,408 to €16,203
- Tangible fixed assets -€4,802
down €4,802 (-12.0%), from €39,950 to €35,149
of which Furniture and vehicles: -€5,193
- Profit (loss) carried forward -€15,948
down €15,948 (-34.3%), from €46,540 to €30,592
- Tax, wage and social debts +€7,400
up €7,400 (+54.8%), from €13,503 to €20,903
of which Remuneration and social security: +€7,400
- Current portion of long-term debt -€6,155
down €6,155 (-55.1%), from €11,164 to €5,009
- Debts after one year -€5,456
no longer reported in 2025 (was €5,456)
- Trade debts -€1,247
down €1,247 (-47.6%), from €2,621 to €1,374
- Gross operating margin -€67,090
down €67,090 (-97.7%), from €68,696 to €1,606
- Taxes -€11,998
no longer reported in 2025 (was €11,998)
- Other operating charges +€4,500
up €4,500 (+208%), from €2,161 to €6,661
- Depreciation +€3,671
up €3,671 (+58.4%), from €6,289 to €9,960
- Staff costs -€721
down €721 (-73.2%), from €986 to €264
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 | €82,284 | €60,878 | -€21,405 | -26.0% |
| Fixed assets | 21/28 | €39,950 | €35,149 | -€4,802 | -12.0% |
| Tangible fixed assets | 22/27 | €39,950 | €35,149 | -€4,802 | -12.0% |
| Plant, machinery and equipment | 23 | €782 | €1,173 | +€391 | +50.0% |
| Furniture and vehicles | 24 | €39,168 | €33,975 | -€5,193 | -13.3% |
| Current assets | 29/58 | €42,333 | €25,729 | -€16,604 | -39.2% |
| Amounts receivable within one year | 40/41 | €3,408 | €16,203 | +€12,795 | +375% |
| Other amounts receivable | 41 | €3,408 | €16,203 | +€12,795 | +375% |
| Cash at bank and in hand | 54/58 | €38,925 | €9,029 | -€29,896 | -76.8% |
| Deferred charges and accrued income | 490/1 | - | €497 | +€497 | |
| Total equity and liabilities | 10/49 | €82,284 | €60,878 | -€21,405 | -26.0% |
| Equity | 10/15 | €49,540 | €33,592 | -€15,948 | -32.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,540 | €30,592 | -€15,948 | -34.3% |
| Amounts payable | 17/49 | €32,744 | €27,286 | -€5,457 | -16.7% |
| Amounts payable after more than one year | 17 | €5,456 | - | -€5,456 | |
| Financial debts | 170/4 | €5,456 | - | -€5,456 | |
| Amounts payable within one year | 42/48 | €27,288 | €27,286 | -€2 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €11,164 | €5,009 | -€6,155 | -55.1% |
| Trade debts | 44 | €2,621 | €1,374 | -€1,247 | -47.6% |
| Suppliers | 440/4 | €2,621 | €1,374 | -€1,247 | -47.6% |
| Taxes, remuneration and social security | 45 | €13,503 | €20,903 | +€7,400 | +54.8% |
| Taxes | 450/3 | €12,103 | €12,103 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,400 | €8,800 | +€7,400 | +529% |
| Remuneration, social security and pensions | 62 | €986 | €264 | -€721 | -73.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,289 | €9,960 | +€3,671 | +58.4% |
| Other operating charges | 640/8 | €2,161 | €6,661 | +€4,500 | +208% |
| Gross operating margin | 9900 | €68,696 | €1,606 | -€67,090 | -97.7% |
| Operating profit (loss) | 9901 | €59,260 | -€15,279 | -€74,539 | |
| Financial charges | 65/66B | €722 | €669 | -€53 | -7.3% |
| Recurring financial charges | 65 | €722 | €669 | -€53 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €58,538 | -€15,948 | -€74,486 | |
| Income taxes | 67/77 | €11,998 | - | -€11,998 | |
| Profit (loss) for the period | 9904 | €46,540 | -€15,948 | -€62,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,540 | -€15,948 | -€62,488 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.