C.U.M.A. SYSTEME D.: 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.
C.U.M.A. SYSTEME D.
Largest movements
- Tangible fixed assets -€21,708
down €21,708 (-56.2%), from €38,646 to €16,938
of which Furniture and vehicles: -€13,113
- Receivables within one year -€2,872
down €2,872 (-36.7%), from €7,835 to €4,963
of which Trade receivables: -€2,867
- Cash +€2,605
up €2,605 (+68.9%), from €3,779 to €6,384
mainly Depreciation (+€21,708) and Receivables within one year (+€2,872)
- Deferred charges and accrued income -€1,084
down €1,084 (-65.4%), from €1,658 to €574
- Profit (loss) carried forward -€15,970
down €15,970 (-64.4%), from €24,788 to €8,818
- Other debts -€3,200
down €3,200 (-50.4%), from €6,350 to €3,150
- Trade debts -€2,211
down €2,211 (-39.2%), from €5,636 to €3,425
- Investment grants -€1,678
down €1,678 (-50.0%), from €3,355 to €1,678
- Gross operating margin -€12,843
down €12,843 (-75.6%), from €16,978 to €4,135
- Depreciation -€967
down €967 (-4.3%), from €22,675 to €21,708
- Financial charges -€694
down €694 (-92.3%), from €752 to €58
- Financial income -€306
down €306 (-12.9%), from €2,367 to €2,060
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 | €51,918 | €28,860 | -€23,059 | -44.4% |
| Fixed assets | 21/28 | €38,646 | €16,938 | -€21,708 | -56.2% |
| Tangible fixed assets | 22/27 | €38,646 | €16,938 | -€21,708 | -56.2% |
| Plant, machinery and equipment | 23 | €24,399 | €15,804 | -€8,596 | -35.2% |
| Furniture and vehicles | 24 | €14,247 | €1,134 | -€13,113 | -92.0% |
| Current assets | 29/58 | €13,273 | €11,922 | -€1,351 | -10.2% |
| Amounts receivable within one year | 40/41 | €7,835 | €4,963 | -€2,872 | -36.7% |
| Trade receivables | 40 | €6,145 | €3,278 | -€2,867 | -46.7% |
| Other amounts receivable | 41 | €1,691 | €1,686 | -€5 | -0.3% |
| Cash at bank and in hand | 54/58 | €3,779 | €6,384 | +€2,605 | +68.9% |
| Deferred charges and accrued income | 490/1 | €1,658 | €574 | -€1,084 | -65.4% |
| Total equity and liabilities | 10/49 | €51,918 | €28,860 | -€23,059 | -44.4% |
| Equity | 10/15 | €39,933 | €22,285 | -€17,648 | -44.2% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €1,874 | €1,874 | = | 0.0% |
| Distributable reserves | 133 | €1,874 | €1,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,788 | €8,818 | -€15,970 | -64.4% |
| Investment grants | 15 | €3,355 | €1,678 | -€1,678 | -50.0% |
| Amounts payable | 17/49 | €11,986 | €6,575 | -€5,411 | -45.1% |
| Amounts payable within one year | 42/48 | €11,986 | €6,575 | -€5,411 | -45.1% |
| Trade debts | 44 | €5,636 | €3,425 | -€2,211 | -39.2% |
| Suppliers | 440/4 | €5,636 | €3,425 | -€2,211 | -39.2% |
| Other amounts payable | 47/48 | €6,350 | €3,150 | -€3,200 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,675 | €21,708 | -€967 | -4.3% |
| Other operating charges | 640/8 | €451 | €400 | -€51 | -11.4% |
| Gross operating margin | 9900 | €16,978 | €4,135 | -€12,843 | -75.6% |
| Operating profit (loss) | 9901 | -€6,148 | -€17,973 | -€11,825 | -192% |
| Financial income | 75/76B | €2,367 | €2,060 | -€306 | -12.9% |
| Recurring financial income | 75 | €2,367 | €2,060 | -€306 | -12.9% |
| Financial charges | 65/66B | €752 | €58 | -€694 | -92.3% |
| Recurring financial charges | 65 | €752 | €58 | -€694 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,533 | -€15,970 | -€11,437 | -252% |
| Profit (loss) for the period | 9904 | -€4,533 | -€15,970 | -€11,437 | -252% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,533 | -€15,970 | -€11,437 | -252% |
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 14 October 2026 via checked.be.