CVS WILLEMS: 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 WILLEMS
Largest movements
- Receivables within one year -€16,169
down €16,169 (-82.3%), from €19,655 to €3,486
of which Trade receivables: -€16,667
- Cash +€14,757
up €14,757 (+497%), from €2,971 to €17,728
mainly Receivables within one year (+€16,169) and Net result for the year (+€9,791)
- Deferred charges and accrued income +€3,023
new in 2025: €3,023
- Stocks and contracts -€1,430
down €1,430 (-11.0%), from €12,971 to €11,541
- Tangible fixed assets -€1,193
down €1,193 (-25.9%), from €4,601 to €3,408
of which Plant, machinery and equipment: -€2,160
- Profit (loss) carried forward +€9,791
up €9,791 (+26.2%), from -€37,347 to -€27,556
- Trade debts -€7,271
down €7,271 (-59.3%), from €12,266 to €4,995
- Other debts -€2,435
down €2,435 (-5.4%), from €45,468 to €43,033
- Tax, wage and social debts -€1,097
down €1,097 (-62.3%), from €1,760 to €663
of which Remuneration and social security: -€1,760
- Financial charges -€47,362
down €47,362 (-99.8%), from €47,453 to €90
of which Non-recurring financial charges: -€47,286
- Gross operating margin +€26,522
up €26,522, from -€18,619 to €7,904
- Financial income +€5,199
up €5,199 (+422%), from €1,232 to €6,431
of which Non-recurring financial income: +€6,421
- Staff costs -€4,926
no longer reported in 2025 (was €4,926)
- Other operating charges +€762
up €762 (+94.5%), from €807 to €1,569
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 | €40,198 | €39,186 | -€1,012 | -2.5% |
| Fixed assets | 21/28 | €4,601 | €3,408 | -€1,193 | -25.9% |
| Tangible fixed assets | 22/27 | €4,601 | €3,408 | -€1,193 | -25.9% |
| Plant, machinery and equipment | 23 | €4,601 | €2,441 | -€2,160 | -46.9% |
| Furniture and vehicles | 24 | - | €967 | +€967 | |
| Current assets | 29/58 | €35,597 | €35,778 | +€181 | +0.5% |
| Stocks and contracts in progress | 3 | €12,971 | €11,541 | -€1,430 | -11.0% |
| Stocks | 30/36 | €12,971 | €11,541 | -€1,430 | -11.0% |
| Amounts receivable within one year | 40/41 | €19,655 | €3,486 | -€16,169 | -82.3% |
| Trade receivables | 40 | €16,667 | - | -€16,667 | |
| Other amounts receivable | 41 | €2,988 | €3,486 | +€498 | +16.7% |
| Cash at bank and in hand | 54/58 | €2,971 | €17,728 | +€14,757 | +497% |
| Deferred charges and accrued income | 490/1 | - | €3,023 | +€3,023 | |
| Total equity and liabilities | 10/49 | €40,198 | €39,186 | -€1,012 | -2.5% |
| Equity | 10/15 | -€19,295 | -€9,504 | +€9,791 | +50.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,652 | €5,652 | = | 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% |
| Distributable reserves | 133 | €3,792 | €3,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,347 | -€27,556 | +€9,791 | +26.2% |
| Amounts payable | 17/49 | €59,493 | €48,690 | -€10,803 | -18.2% |
| Amounts payable within one year | 42/48 | €59,493 | €48,690 | -€10,803 | -18.2% |
| Trade debts | 44 | €12,266 | €4,995 | -€7,271 | -59.3% |
| Suppliers | 440/4 | €12,266 | €4,995 | -€7,271 | -59.3% |
| Taxes, remuneration and social security | 45 | €1,760 | €663 | -€1,097 | -62.3% |
| Taxes | 450/3 | - | €663 | +€663 | |
| Remuneration and social security | 454/9 | €1,760 | - | -€1,760 | |
| Other amounts payable | 47/48 | €45,468 | €43,033 | -€2,435 | -5.4% |
| Remuneration, social security and pensions | 62 | €4,926 | - | -€4,926 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,210 | €2,884 | -€326 | -10.1% |
| Other operating charges | 640/8 | €807 | €1,569 | +€762 | +94.5% |
| Gross operating margin | 9900 | -€18,619 | €7,904 | +€26,522 | |
| Operating profit (loss) | 9901 | -€27,561 | €3,450 | +€31,011 | |
| Financial income | 75/76B | €1,232 | €6,431 | +€5,199 | +422% |
| Recurring financial income | 75 | €1,232 | €10 | -€1,221 | -99.2% |
| Non-recurring financial income | 76B | - | €6,421 | +€6,421 | |
| Financial charges | 65/66B | €47,453 | €90 | -€47,362 | -99.8% |
| Recurring financial charges | 65 | €166 | €90 | -€76 | -45.7% |
| Non-recurring financial charges | 66B | €47,286 | - | -€47,286 | |
| Profit (loss) for the period before taxes | 9903 | -€73,782 | €9,791 | +€83,573 | |
| Income taxes | 67/77 | €264 | - | -€264 | |
| Profit (loss) for the period | 9904 | -€74,047 | €9,791 | +€83,837 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,047 | €9,791 | +€83,837 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.