CVW: 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.
CVW
Largest movements
- Cash +€94,188
up €94,188 (+395.4%), from €23,819 to €118,008
mainly Receivables within one year (+€57,875) and Net result for the year (+€30,714)
- Receivables within one year -€57,875
down €57,875 (-91.1%), from €63,496 to €5,621
- Reserves +€30,714
up €30,714 (+40.1%), from €76,666 to €107,381
- Other debts +€3,986
up €3,986 (+7897.2%), from €50 to €4,037
- Trade debts +€1,600
up €1,600 (+444.6%), from €360 to €1,960
- Gross operating margin -€55,203
down €55,203 (-56.0%), from €98,656 to €43,453
- Taxes -€11,579
down €11,579 (-55.0%), from €21,036 to €9,458
- Financial charges +€1,650
up €1,650 (+280.1%), from €589 to €2,239
- Financial income -€1,064
down €1,064 (-80.3%), from €1,325 to €261
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 | €88,855 | €125,256 | +€36,401 | +41.0% |
| Current assets | 29/58 | €88,855 | €125,256 | +€36,401 | +41.0% |
| Amounts receivable within one year | 40/41 | €63,496 | €5,621 | -€57,875 | -91.1% |
| Other amounts receivable | 41 | €63,496 | €5,621 | -€57,875 | -91.1% |
| Cash at bank and in hand | 54/58 | €23,819 | €118,008 | +€94,188 | +395.4% |
| Deferred charges and accrued income | 490/1 | €1,539 | €1,627 | +€88 | +5.7% |
| Total equity and liabilities | 10/49 | €88,855 | €125,256 | +€36,401 | +41.0% |
| Equity | 10/15 | €81,666 | €112,381 | +€30,714 | +37.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,666 | €107,381 | +€30,714 | +40.1% |
| Distributable reserves | 133 | €76,666 | €107,381 | +€30,714 | +40.1% |
| Amounts payable | 17/49 | €7,188 | €12,875 | +€5,687 | +79.1% |
| Amounts payable within one year | 42/48 | €7,188 | €12,875 | +€5,687 | +79.1% |
| Trade debts | 44 | €360 | €1,960 | +€1,600 | +444.6% |
| Suppliers | 440/4 | €360 | €1,960 | +€1,600 | +444.6% |
| Taxes, remuneration and social security | 45 | €6,778 | €6,878 | +€100 | +1.5% |
| Taxes | 450/3 | €6,681 | €6,878 | +€197 | +3.0% |
| Remuneration and social security | 454/9 | €97 | - | -€97 | |
| Other amounts payable | 47/48 | €50 | €4,037 | +€3,986 | +7897.2% |
| Other operating charges | 640/8 | €1,690 | €1,303 | -€387 | -22.9% |
| Gross operating margin | 9900 | €98,656 | €43,453 | -€55,203 | -56.0% |
| Operating profit (loss) | 9901 | €96,966 | €42,150 | -€54,817 | -56.5% |
| Financial income | 75/76B | €1,325 | €261 | -€1,064 | -80.3% |
| Recurring financial income | 75 | €1,325 | €261 | -€1,064 | -80.3% |
| Financial charges | 65/66B | €589 | €2,239 | +€1,650 | +280.1% |
| Recurring financial charges | 65 | €589 | €2,239 | +€1,650 | +280.1% |
| Profit (loss) for the period before taxes | 9903 | €97,703 | €40,172 | -€57,531 | -58.9% |
| Income taxes | 67/77 | €21,036 | €9,458 | -€11,579 | -55.0% |
| Profit (loss) for the period | 9904 | €76,666 | €30,714 | -€45,952 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,666 | €30,714 | -€45,952 | -59.9% |
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 11 October 2026 via checked.be.