CVB: what changed
CVB
Largest movements
- Receivables within one year -€42,844
down €42,844 (-72.0%), from €59,476 to €16,632
of which Other amounts receivable: -€35,305
- Stocks and contracts -€29,030
down €29,030 (-27.6%), from €105,053 to €76,023
- Cash +€27,440
up €27,440 (+233%), from €11,801 to €39,240
mainly Receivables within one year (+€42,844) and Stocks and contracts (+€29,030)
- Tangible fixed assets -€3,211
down €3,211 (-12.2%), from €26,378 to €23,167
of which Plant, machinery and equipment: -€2,315
- Trade debts -€66,677
no longer reported in 2025 (was €66,677)
- Tax, wage and social debts +€10,497
up €10,497 (+458%), from €2,291 to €12,788
- Profit (loss) carried forward +€9,085
up €9,085 (+29.3%), from -€31,037 to -€21,952
- Other debts +€7,658
new in 2025: €7,658
- Debts after one year -€4,974
down €4,974 (-37.3%), from €13,343 to €8,368
- Turnover +€354,738
new in 2025: €354,738
- Purchases and services +€319,511
new in 2025: €319,511
- Gross operating margin +€63,707
up €63,707, from -€24,705 to €39,002
- Depreciation +€7,690
up €7,690 (+229%), from €3,359 to €11,049
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,042 | €178,896 | -€49,146 | -21.6% |
| Fixed assets | 21/28 | €51,712 | €47,001 | -€4,711 | -9.1% |
| Intangible fixed assets | 21 | €14,234 | €12,734 | -€1,500 | -10.5% |
| Tangible fixed assets | 22/27 | €26,378 | €23,167 | -€3,211 | -12.2% |
| Plant, machinery and equipment | 23 | €11,056 | €8,741 | -€2,315 | -20.9% |
| Furniture and vehicles | 24 | €15,323 | €14,427 | -€896 | -5.8% |
| Financial fixed assets | 28 | €11,100 | €11,100 | = | 0.0% |
| Current assets | 29/58 | €176,330 | €131,895 | -€44,435 | -25.2% |
| Stocks and contracts in progress | 3 | €105,053 | €76,023 | -€29,030 | -27.6% |
| Stocks | 30/36 | €105,053 | €76,023 | -€29,030 | -27.6% |
| Amounts receivable within one year | 40/41 | €59,476 | €16,632 | -€42,844 | -72.0% |
| Trade receivables | 40 | €24,171 | €16,632 | -€7,539 | -31.2% |
| Other amounts receivable | 41 | €35,305 | - | -€35,305 | |
| Cash at bank and in hand | 54/58 | €11,801 | €39,240 | +€27,440 | +233% |
| Total equity and liabilities | 10/49 | €228,042 | €178,896 | -€49,146 | -21.6% |
| Equity | 10/15 | €118,963 | €128,048 | +€9,085 | +7.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,037 | -€21,952 | +€9,085 | +29.3% |
| Amounts payable | 17/49 | €109,079 | €50,848 | -€58,230 | -53.4% |
| Amounts payable after more than one year | 17 | €13,343 | €8,368 | -€4,974 | -37.3% |
| Financial debts | 170/4 | €13,343 | €8,368 | -€4,974 | -37.3% |
| Amounts payable within one year | 42/48 | €95,736 | €42,480 | -€53,256 | -55.6% |
| Current portion of amounts payable after more than one year | 42 | €4,747 | €4,974 | +€228 | +4.8% |
| Financial debts | 43 | €4,960 | - | -€4,960 | |
| Credit institutions | 430/8 | €4,960 | - | -€4,960 | |
| Trade debts | 44 | €66,677 | - | -€66,677 | |
| Suppliers | 440/4 | €66,677 | - | -€66,677 | |
| Advances received on contracts in progress | 46 | €17,060 | €17,060 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,291 | €12,788 | +€10,497 | +458% |
| Taxes | 450/3 | €2,291 | €12,788 | +€10,497 | +458% |
| Other amounts payable | 47/48 | - | €7,658 | +€7,658 | |
| Turnover | 70 | - | €354,738 | +€354,738 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €319,511 | +€319,511 | |
| Remuneration, social security and pensions | 62 | €2,146 | - | -€2,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,359 | €11,049 | +€7,690 | +229% |
| Other operating charges | 640/8 | €580 | €1,437 | +€857 | +148% |
| Gross operating margin | 9900 | -€24,705 | €39,002 | +€63,707 | |
| Operating profit (loss) | 9901 | -€30,790 | €26,516 | +€57,307 | |
| Financial income | 75/76B | €681 | €43 | -€638 | -93.7% |
| Recurring financial income | 75 | €681 | €43 | -€638 | -93.7% |
| Financial charges | 65/66B | €927 | €2,474 | +€1,546 | +167% |
| Recurring financial charges | 65 | €927 | €2,474 | +€1,546 | +167% |
| Profit (loss) for the period before taxes | 9903 | -€31,037 | €24,085 | +€55,123 | |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€31,037 | €24,085 | +€55,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,037 | €24,085 | +€55,122 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.