2CUGINI: 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.
2CUGINI
Largest movements
- Cash +€59,957
up €59,957 (+59,240%), from €101 to €60,058
mainly Other debts (+€70,123) and Net result for the year (+€16,720)
- Tangible fixed assets +€14,560
up €14,560 (+80.1%), from €18,180 to €32,740
of which Furniture and vehicles: +€8,875
- Receivables within one year +€10,493
up €10,493 (+5,924%), from €177 to €10,670
of which Trade receivables: +€10,670
- Stocks and contracts +€6,435
new in 2025: €6,435
- Deferred charges and accrued income +€1,525
up €1,525 (+96.7%), from €1,577 to €3,102
- Other debts +€70,123
up €70,123 (+443%), from €15,818 to €85,940
- Profit (loss) carried forward +€16,720
up €16,720 (+79.0%), from -€21,169 to -€4,450
- Tax, wage and social debts +€8,015
new in 2025: €8,015
of which Taxes: +€4,490
- Trade debts -€1,387
down €1,387 (-6.8%), from €20,387 to €19,000
of which Suppliers: -€10,141
- Gross operating margin +€96,070
up €96,070, from -€20,301 to €75,769
- Staff costs +€46,511
new in 2025: €46,511
- Depreciation +€6,341
up €6,341 (+2,613%), from €243 to €6,584
- Other operating charges +€5,438
up €5,438 (+1,243%), from €437 to €5,876
- Financial income +€3,935
new in 2025: €3,935
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 | €20,036 | €113,506 | +€93,470 | +467% |
| Fixed assets | 21/28 | €18,180 | €33,240 | +€15,060 | +82.8% |
| Tangible fixed assets | 22/27 | €18,180 | €32,740 | +€14,560 | +80.1% |
| Furniture and vehicles | 24 | €16,681 | €25,557 | +€8,875 | +53.2% |
| Other tangible fixed assets | 26 | €1,499 | €7,184 | +€5,685 | +379% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €1,855 | €80,265 | +€78,410 | +4,227% |
| Stocks and contracts in progress | 3 | - | €6,435 | +€6,435 | |
| Stocks | 30/36 | - | €6,435 | +€6,435 | |
| Amounts receivable within one year | 40/41 | €177 | €10,670 | +€10,493 | +5,924% |
| Trade receivables | 40 | - | €10,670 | +€10,670 | |
| Other amounts receivable | 41 | €177 | - | -€177 | |
| Cash at bank and in hand | 54/58 | €101 | €60,058 | +€59,957 | +59,240% |
| Deferred charges and accrued income | 490/1 | €1,577 | €3,102 | +€1,525 | +96.7% |
| Total equity and liabilities | 10/49 | €20,036 | €113,506 | +€93,470 | +467% |
| Equity | 10/15 | -€16,169 | €550 | +€16,720 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,169 | -€4,450 | +€16,720 | +79.0% |
| Amounts payable | 17/49 | €36,205 | €112,955 | +€76,750 | +212% |
| Amounts payable within one year | 42/48 | €36,205 | €112,955 | +€76,750 | +212% |
| Trade debts | 44 | €20,387 | €19,000 | -€1,387 | -6.8% |
| Suppliers | 440/4 | €20,387 | €10,246 | -€10,141 | -49.7% |
| Bills of exchange payable | 441 | - | €8,754 | +€8,754 | |
| Taxes, remuneration and social security | 45 | - | €8,015 | +€8,015 | |
| Taxes | 450/3 | - | €4,490 | +€4,490 | |
| Remuneration and social security | 454/9 | - | €3,525 | +€3,525 | |
| Other amounts payable | 47/48 | €15,818 | €85,940 | +€70,123 | +443% |
| Remuneration, social security and pensions | 62 | - | €46,511 | +€46,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243 | €6,584 | +€6,341 | +2,613% |
| Other operating charges | 640/8 | €437 | €5,876 | +€5,438 | +1,243% |
| Gross operating margin | 9900 | -€20,301 | €75,769 | +€96,070 | |
| Operating profit (loss) | 9901 | -€20,981 | €16,799 | +€37,780 | |
| Financial income | 75/76B | - | €3,935 | +€3,935 | |
| Recurring financial income | 75 | - | €3,935 | +€3,935 | |
| Financial charges | 65/66B | €188 | €4,015 | +€3,826 | +2,032% |
| Recurring financial charges | 65 | €188 | €4,015 | +€3,826 | +2,032% |
| Profit (loss) for the period before taxes | 9903 | -€21,169 | €16,720 | +€37,889 | |
| Profit (loss) for the period | 9904 | -€21,169 | €16,720 | +€37,889 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,169 | €16,720 | +€37,889 |
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 18 October 2026 via checked.be.