CVVC: 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.
CVVC
Largest movements
- Financial fixed assets +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Current investments +€23,900
up €23,900 (+33.1%), from €72,193 to €96,093
- Cash +€23,355
up €23,355 (+13.3%), from €175,910 to €199,265
mainly Net result for the year (+€103,295) and Tax, wage and social debts (+€16,127)
- Tangible fixed assets -€11,044
down €11,044 (-29.1%), from €37,979 to €26,934
of which Furniture and vehicles: -€9,417
- Reserves +€65,295
up €65,295 (+22.2%), from €294,215 to €359,510
- Other debts -€17,100
down €17,100 (-32.1%), from €53,200 to €36,100
- Tax, wage and social debts +€16,127
up €16,127 (+146%), from €11,050 to €27,177
of which Taxes: +€15,949
- Gross operating margin +€25,876
up €25,876 (+20.6%), from €125,476 to €151,351
- Taxes +€9,542
up €9,542 (+28.7%), from €33,294 to €42,835
- Financial income +€3,420
up €3,420 (+107%), from €3,202 to €6,622
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 | €363,800 | €426,327 | +€62,527 | +17.2% |
| Fixed assets | 21/28 | €87,979 | €101,934 | +€13,956 | +15.9% |
| Tangible fixed assets | 22/27 | €37,979 | €26,934 | -€11,044 | -29.1% |
| Furniture and vehicles | 24 | €30,555 | €21,138 | -€9,417 | -30.8% |
| Other tangible fixed assets | 26 | €7,424 | €5,796 | -€1,628 | -21.9% |
| Financial fixed assets | 28 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Current assets | 29/58 | €275,821 | €324,392 | +€48,572 | +17.6% |
| Amounts receivable within one year | 40/41 | €20,816 | €22,098 | +€1,282 | +6.2% |
| Trade receivables | 40 | €18,899 | €20,181 | +€1,282 | +6.8% |
| Other amounts receivable | 41 | €1,917 | €1,917 | = | 0.0% |
| Current investments | 50/53 | €72,193 | €96,093 | +€23,900 | +33.1% |
| Cash at bank and in hand | 54/58 | €175,910 | €199,265 | +€23,355 | +13.3% |
| Deferred charges and accrued income | 490/1 | €6,901 | €6,937 | +€35 | +0.5% |
| Total equity and liabilities | 10/49 | €363,800 | €426,327 | +€62,527 | +17.2% |
| Equity | 10/15 | €296,874 | €362,169 | +€65,295 | +22.0% |
| Contributions | 10/11 | €2,550 | €2,550 | = | 0.0% |
| Reserves | 13 | €294,215 | €359,510 | +€65,295 | +22.2% |
| Distributable reserves | 133 | €294,215 | €359,510 | +€65,295 | +22.2% |
| Profit (loss) carried forward | 14 | €109 | €109 | = | 0.0% |
| Amounts payable | 17/49 | €66,926 | €64,158 | -€2,768 | -4.1% |
| Amounts payable within one year | 42/48 | €65,329 | €63,589 | -€1,740 | -2.7% |
| Trade debts | 44 | €1,079 | €312 | -€767 | -71.1% |
| Suppliers | 440/4 | €1,079 | €312 | -€767 | -71.1% |
| Taxes, remuneration and social security | 45 | €11,050 | €27,177 | +€16,127 | +146% |
| Taxes | 450/3 | €11,050 | €26,999 | +€15,949 | +144% |
| Remuneration and social security | 454/9 | - | €178 | +€178 | |
| Other amounts payable | 47/48 | €53,200 | €36,100 | -€17,100 | -32.1% |
| Accrued charges and deferred income | 492/3 | €1,597 | €569 | -€1,028 | -64.4% |
| Non-recurring operating income | 76A | - | €11,434 | +€11,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,346 | €11,044 | -€302 | -2.7% |
| Other operating charges | 640/8 | €803 | €551 | -€252 | -31.4% |
| Gross operating margin | 9900 | €125,476 | €151,351 | +€25,876 | +20.6% |
| Operating profit (loss) | 9901 | €113,327 | €139,756 | +€26,429 | +23.3% |
| Financial income | 75/76B | €3,202 | €6,622 | +€3,420 | +107% |
| Recurring financial income | 75 | €3,202 | €6,622 | +€3,420 | +107% |
| Financial charges | 65/66B | €723 | €248 | -€475 | -65.7% |
| Recurring financial charges | 65 | €723 | €248 | -€475 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €115,807 | €146,130 | +€30,324 | +26.2% |
| Income taxes | 67/77 | €33,294 | €42,835 | +€9,542 | +28.7% |
| Profit (loss) for the period | 9904 | €82,513 | €103,295 | +€20,782 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,513 | €103,295 | +€20,782 | +25.2% |
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 29 October 2026 via checked.be.