CVZ: 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.
CVZ
Largest movements
- Cash -€38,491
down €38,491 (-65.9%), from €58,438 to €19,946
mainly Investment in fixed assets (net) (-€31,561) and Net result for the year (-€7,510)
- Tangible fixed assets +€21,544
up €21,544 (+216%), from €9,986 to €31,530
of which Other tangible fixed assets: +€30,787
- Stocks and contracts +€7,216
up €7,216 (+14.6%), from €49,507 to €56,722
- Receivables within one year +€6,491
up €6,491 (+44.6%), from €14,544 to €21,035
- Trade debts +€8,295
up €8,295 (+31.8%), from €26,123 to €34,418
- Profit (loss) carried forward -€5,150
down €5,150 (-7.6%), from €67,430 to €62,280
- Current portion of long-term debt -€4,732
down €4,732 (-57.9%), from €8,165 to €3,433
- Debts after one year -€3,433
down €3,433 (-100%), from €3,433 to €0
- Tax, wage and social debts +€1,653
up €1,653 (+480%), from €344 to €1,997
of which Taxes: +€1,613
- Gross operating margin -€40,765
down €40,765 (-77.7%), from €52,471 to €11,706
- Other operating charges +€5,332
up €5,332 (+963%), from €554 to €5,886
- Taxes +€2,330
up €2,330 (+345%), from €675 to €3,005
- Depreciation +€809
up €809 (+8.8%), from €9,209 to €10,018
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 | €139,466 | €136,225 | -€3,242 | -2.3% |
| Fixed assets | 21/28 | €16,978 | €38,521 | +€21,544 | +127% |
| Tangible fixed assets | 22/27 | €9,986 | €31,530 | +€21,544 | +216% |
| Plant, machinery and equipment | 23 | €791 | €342 | -€450 | -56.8% |
| Furniture and vehicles | 24 | €9,195 | €401 | -€8,794 | -95.6% |
| Other tangible fixed assets | 26 | - | €30,787 | +€30,787 | |
| Financial fixed assets | 28 | €6,992 | €6,992 | = | 0.0% |
| Current assets | 29/58 | €122,488 | €97,703 | -€24,785 | -20.2% |
| Stocks and contracts in progress | 3 | €49,507 | €56,722 | +€7,216 | +14.6% |
| Stocks | 30/36 | €49,507 | €56,722 | +€7,216 | +14.6% |
| Amounts receivable within one year | 40/41 | €14,544 | €21,035 | +€6,491 | +44.6% |
| Other amounts receivable | 41 | €14,544 | €21,035 | +€6,491 | +44.6% |
| Cash at bank and in hand | 54/58 | €58,438 | €19,946 | -€38,491 | -65.9% |
| Total equity and liabilities | 10/49 | €139,466 | €136,225 | -€3,242 | -2.3% |
| Equity | 10/15 | €92,248 | €87,098 | -€5,150 | -5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €6,218 | €6,218 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €4,358 | €4,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,430 | €62,280 | -€5,150 | -7.6% |
| Amounts payable | 17/49 | €47,218 | €49,127 | +€1,909 | +4.0% |
| Amounts payable after more than one year | 17 | €3,433 | €0 | -€3,433 | -100% |
| Financial debts | 170/4 | €3,433 | €0 | -€3,433 | -100% |
| Amounts payable within one year | 42/48 | €43,785 | €49,127 | +€5,342 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €8,165 | €3,433 | -€4,732 | -57.9% |
| Trade debts | 44 | €26,123 | €34,418 | +€8,295 | +31.8% |
| Suppliers | 440/4 | €26,123 | €34,418 | +€8,295 | +31.8% |
| Taxes, remuneration and social security | 45 | €344 | €1,997 | +€1,653 | +480% |
| Taxes | 450/3 | €344 | €1,957 | +€1,613 | +469% |
| Remuneration and social security | 454/9 | - | €40 | +€40 | |
| Other amounts payable | 47/48 | €9,153 | €9,279 | +€126 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,209 | €10,018 | +€809 | +8.8% |
| Other operating charges | 640/8 | €554 | €5,886 | +€5,332 | +963% |
| Gross operating margin | 9900 | €52,471 | €11,706 | -€40,765 | -77.7% |
| Operating profit (loss) | 9901 | €42,708 | -€4,198 | -€46,906 | |
| Financial income | 75/76B | €48 | €360 | +€313 | +659% |
| Recurring financial income | 75 | €48 | €360 | +€313 | +659% |
| Financial charges | 65/66B | €857 | €668 | -€190 | -22.1% |
| Recurring financial charges | 65 | €857 | €668 | -€190 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €41,899 | -€4,505 | -€46,404 | |
| Income taxes | 67/77 | €675 | €3,005 | +€2,330 | +345% |
| Profit (loss) for the period | 9904 | €41,224 | -€7,510 | -€48,733 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,224 | -€7,510 | -€48,733 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.