B. CUYPERS: 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.
B. CUYPERS
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Cash -€60,124
down €60,124 (-39.4%), from €152,506 to €92,383
mainly Current investments (-€75,000) and Contributions, distributions and other (-€20,300)
- Tangible fixed assets +€12,791
up €12,791 (+79.2%), from €16,144 to €28,935
of which Furniture and vehicles: +€17,042
- Debts after one year +€13,953
new in 2025: €13,953
- Reserves +€8,125
up €8,125 (+4.9%), from €167,480 to €175,605
- Current portion of long-term debt +€3,792
new in 2025: €3,792
- Gross operating margin +€10,308
up €10,308 (+27.8%), from €37,056 to €47,364
- Taxes +€2,263
up €2,263 (+25.3%), from €8,946 to €11,210
- Depreciation +€2,061
up €2,061 (+40.8%), from €5,048 to €7,109
- Financial charges +€637
up €637 (+367.0%), from €173 to €810
- Financial income +€477
new in 2025: €477
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 | €173,707 | €200,496 | +€26,790 | +15.4% |
| Fixed assets | 21/28 | €17,944 | €30,735 | +€12,791 | +71.3% |
| Tangible fixed assets | 22/27 | €16,144 | €28,935 | +€12,791 | +79.2% |
| Land and buildings | 22 | €929 | €619 | -€310 | -33.3% |
| Plant, machinery and equipment | 23 | €14,715 | €10,774 | -€3,942 | -26.8% |
| Furniture and vehicles | 24 | €500 | €17,542 | +€17,042 | +3410.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €155,763 | €169,762 | +€13,999 | +9.0% |
| Amounts receivable within one year | 40/41 | €2,648 | €790 | -€1,857 | -70.1% |
| Other amounts receivable | 41 | €2,648 | €790 | -€1,857 | -70.1% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €152,506 | €92,383 | -€60,124 | -39.4% |
| Deferred charges and accrued income | 490/1 | €609 | €1,589 | +€980 | +161.0% |
| Total equity and liabilities | 10/49 | €173,707 | €200,496 | +€26,790 | +15.4% |
| Equity | 10/15 | €170,542 | €178,683 | +€8,141 | +4.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €167,480 | €175,605 | +€8,125 | +4.9% |
| Distributable reserves | 133 | €167,480 | €175,605 | +€8,125 | +4.9% |
| Profit (loss) carried forward | 14 | €63 | €78 | +€16 | +25.1% |
| Amounts payable | 17/49 | €3,165 | €21,814 | +€18,649 | +589.3% |
| Amounts payable after more than one year | 17 | - | €13,953 | +€13,953 | |
| Financial debts | 170/4 | - | €13,953 | +€13,953 | |
| Amounts payable within one year | 42/48 | €3,165 | €7,861 | +€4,696 | +148.4% |
| Current portion of amounts payable after more than one year | 42 | - | €3,792 | +€3,792 | |
| Trade debts | 44 | €2,365 | €1,867 | -€498 | -21.1% |
| Suppliers | 440/4 | €2,365 | €1,867 | -€498 | -21.1% |
| Taxes, remuneration and social security | 45 | €240 | €240 | = | 0.0% |
| Taxes | 450/3 | €240 | €240 | = | 0.0% |
| Other amounts payable | 47/48 | €560 | €1,962 | +€1,402 | +250.3% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,048 | €7,109 | +€2,061 | +40.8% |
| Other operating charges | 640/8 | €262 | €272 | +€10 | +3.8% |
| Gross operating margin | 9900 | €37,056 | €47,364 | +€10,308 | +27.8% |
| Operating profit (loss) | 9901 | €31,746 | €39,983 | +€8,237 | +25.9% |
| Financial income | 75/76B | - | €477 | +€477 | |
| Recurring financial income | 75 | - | €477 | +€477 | |
| Financial charges | 65/66B | €173 | €810 | +€637 | +367.0% |
| Recurring financial charges | 65 | €173 | €810 | +€637 | +367.0% |
| Profit (loss) for the period before taxes | 9903 | €31,572 | €39,650 | +€8,078 | +25.6% |
| Income taxes | 67/77 | €8,946 | €11,210 | +€2,263 | +25.3% |
| Profit (loss) for the period | 9904 | €22,626 | €28,441 | +€5,814 | +25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,626 | €28,441 | +€5,814 | +25.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.