CVVS: 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.
CVVS
Largest movements
- Current investments -€45,000
down €45,000 (-100.0%), from €45,000 to €0
- Cash +€27,464
up €27,464 (+39.1%), from €70,253 to €97,717
mainly Current investments (+€45,000) and Other debts (+€20,096)
- Stocks and contracts -€5,158
down €5,158 (-47.4%), from €10,891 to €5,733
of which Contracts in progress: -€6,248
- Receivables within one year +€4,729
up €4,729 (+86.3%), from €5,483 to €10,212
of which Trade receivables: +€6,901
- Reserves -€31,585
down €31,585 (-41.7%), from €75,811 to €44,227
of which Distributable reserves: -€31,585
- Other debts +€20,096
up €20,096 (+397.7%), from €5,053 to €25,149
- Trade debts -€9,533
down €9,533 (-50.7%), from €18,794 to €9,261
- Tax, wage and social debts +€2,590
up €2,590 (+261.8%), from €989 to €3,579
of which Remuneration and social security: +€1,610
- Gross operating margin -€8,818
down €8,818 (-29.8%), from €29,603 to €20,785
- Depreciation -€3,119
down €3,119 (-82.7%), from €3,770 to €651
- Taxes -€1,677
down €1,677 (-61.3%), from €2,737 to €1,061
- Staff costs +€565
up €565 (+3.7%), from €15,461 to €16,026
- Financial charges -€396
down €396 (-20.3%), from €1,955 to €1,559
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 | €133,722 | €115,117 | -€18,605 | -13.9% |
| Fixed assets | 21/28 | €1,787 | €1,136 | -€651 | -36.4% |
| Tangible fixed assets | 22/27 | €1,759 | €1,109 | -€651 | -37.0% |
| Plant, machinery and equipment | 23 | €131 | €0 | -€131 | -100.0% |
| Furniture and vehicles | 24 | €333 | €0 | -€333 | -100.0% |
| Other tangible fixed assets | 26 | €1,295 | €1,109 | -€186 | -14.4% |
| Financial fixed assets | 28 | €27 | €27 | = | 0.0% |
| Current assets | 29/58 | €131,936 | €113,981 | -€17,955 | -13.6% |
| Stocks and contracts in progress | 3 | €10,891 | €5,733 | -€5,158 | -47.4% |
| Stocks | 30/36 | €4,643 | €5,733 | +€1,090 | +23.5% |
| Contracts in progress | 37 | €6,248 | €0 | -€6,248 | -100.0% |
| Amounts receivable within one year | 40/41 | €5,483 | €10,212 | +€4,729 | +86.3% |
| Trade receivables | 40 | €121 | €7,022 | +€6,901 | +5698.4% |
| Other amounts receivable | 41 | €5,362 | €3,190 | -€2,172 | -40.5% |
| Current investments | 50/53 | €45,000 | €0 | -€45,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,253 | €97,717 | +€27,464 | +39.1% |
| Deferred charges and accrued income | 490/1 | €309 | €319 | +€10 | +3.2% |
| Total equity and liabilities | 10/49 | €133,722 | €115,117 | -€18,605 | -13.9% |
| Equity | 10/15 | €94,411 | €62,827 | -€31,585 | -33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,811 | €44,227 | -€31,585 | -41.7% |
| Tax-exempt reserves | 132 | €22,283 | €22,283 | = | 0.0% |
| Distributable reserves | 133 | €53,529 | €21,944 | -€31,585 | -59.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €39,311 | €52,290 | +€12,979 | +33.0% |
| Amounts payable after more than one year | 17 | €13,000 | €13,000 | = | 0.0% |
| Other amounts payable | 178/9 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,836 | €37,990 | +€13,153 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €18,794 | €9,261 | -€9,533 | -50.7% |
| Suppliers | 440/4 | €18,794 | €9,261 | -€9,533 | -50.7% |
| Taxes, remuneration and social security | 45 | €989 | €3,579 | +€2,590 | +261.8% |
| Taxes | 450/3 | €24 | €1,005 | +€980 | +4018.9% |
| Remuneration and social security | 454/9 | €965 | €2,575 | +€1,610 | +166.8% |
| Other amounts payable | 47/48 | €5,053 | €25,149 | +€20,096 | +397.7% |
| Accrued charges and deferred income | 492/3 | €1,474 | €1,300 | -€174 | -11.8% |
| Remuneration, social security and pensions | 62 | €15,461 | €16,026 | +€565 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,770 | €651 | -€3,119 | -82.7% |
| Other operating charges | 640/8 | €962 | €1,324 | +€363 | +37.7% |
| Gross operating margin | 9900 | €29,603 | €20,785 | -€8,818 | -29.8% |
| Operating profit (loss) | 9901 | €9,411 | €2,785 | -€6,626 | -70.4% |
| Financial income | 75/76B | €731 | €534 | -€197 | -26.9% |
| Recurring financial income | 75 | €731 | €534 | -€197 | -26.9% |
| Financial charges | 65/66B | €1,955 | €1,559 | -€396 | -20.3% |
| Recurring financial charges | 65 | €1,955 | €1,559 | -€396 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €8,186 | €1,760 | -€6,426 | -78.5% |
| Income taxes | 67/77 | €2,737 | €1,061 | -€1,677 | -61.3% |
| Profit (loss) for the period | 9904 | €5,449 | €700 | -€4,750 | -87.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,449 | €700 | -€4,750 | -87.2% |
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 9 October 2026 via checked.be.