C.U. ONBOARD: 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. ONBOARD
Largest movements
- Cash -€97,681
down €97,681 (-31.6%), from €308,713 to €211,033
mainly Net result for the year (-€48,381) and Debts after one year (-€43,333)
- Tangible fixed assets -€34,644
down €34,644 (-8.0%), from €432,933 to €398,289
of which Land and buildings: -€32,821
- Receivables within one year +€27,345
up €27,345 (+16.3%), from €167,448 to €194,793
of which Other amounts receivable: +€27,510
- Receivables after one year +€15,000
up €15,000 (+30.0%), from €50,000 to €65,000
- Profit (loss) carried forward -€48,381
down €48,381 (-11.9%), from €407,954 to €359,573
- Debts after one year -€43,333
down €43,333 (-17.9%), from €241,943 to €198,610
- Gross operating margin -€10,947
down €10,947 (-95.3%), from €11,486 to €539
- Financial charges -€5,025
down €5,025 (-33.2%), from €15,154 to €10,129
- Other operating charges +€1,134
up €1,134 (+38.3%), from €2,963 to €4,098
- Financial income +€990
up €990 (+82.4%), from €1,202 to €2,192
- Taxes -€128
no longer reported in 2025 (was €128)
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 | €967,010 | €877,404 | -€89,605 | -9.3% |
| Fixed assets | 21/28 | €438,793 | €402,977 | -€35,816 | -8.2% |
| Intangible fixed assets | 21 | €5,860 | €4,688 | -€1,172 | -20.0% |
| Tangible fixed assets | 22/27 | €432,933 | €398,289 | -€34,644 | -8.0% |
| Land and buildings | 22 | €368,343 | €335,522 | -€32,821 | -8.9% |
| Plant, machinery and equipment | 23 | €2,865 | €1,721 | -€1,143 | -39.9% |
| Furniture and vehicles | 24 | €9,819 | €8,070 | -€1,749 | -17.8% |
| Other tangible fixed assets | 26 | €51,906 | €52,976 | +€1,070 | +2.1% |
| Current assets | 29/58 | €528,216 | €474,427 | -€53,789 | -10.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €65,000 | +€15,000 | +30.0% |
| Other amounts receivable | 291 | €50,000 | €65,000 | +€15,000 | +30.0% |
| Amounts receivable within one year | 40/41 | €167,448 | €194,793 | +€27,345 | +16.3% |
| Trade receivables | 40 | €8,245 | €8,080 | -€165 | -2.0% |
| Other amounts receivable | 41 | €159,203 | €186,713 | +€27,510 | +17.3% |
| Current investments | 50/53 | €323 | €323 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €308,713 | €211,033 | -€97,681 | -31.6% |
| Deferred charges and accrued income | 490/1 | €1,732 | €3,279 | +€1,547 | +89.3% |
| Total equity and liabilities | 10/49 | €967,010 | €877,404 | -€89,605 | -9.3% |
| Equity | 10/15 | €671,734 | €623,353 | -€48,381 | -7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €251,380 | €251,380 | = | 0.0% |
| Distributable reserves | 133 | €251,380 | €251,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | €407,954 | €359,573 | -€48,381 | -11.9% |
| Amounts payable | 17/49 | €295,276 | €254,052 | -€41,224 | -14.0% |
| Amounts payable after more than one year | 17 | €241,943 | €198,610 | -€43,333 | -17.9% |
| Financial debts | 170/4 | €241,943 | €198,610 | -€43,333 | -17.9% |
| Amounts payable within one year | 42/48 | €53,332 | €55,442 | +€2,109 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €43,333 | €43,333 | = | 0.0% |
| Trade debts | 44 | €9,999 | €11,937 | +€1,938 | +19.4% |
| Suppliers | 440/4 | €9,999 | €11,937 | +€1,938 | +19.4% |
| Taxes, remuneration and social security | 45 | - | €172 | +€172 | |
| Taxes | 450/3 | - | €172 | +€172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,814 | €36,886 | +€72 | +0.2% |
| Other operating charges | 640/8 | €2,963 | €4,098 | +€1,134 | +38.3% |
| Gross operating margin | 9900 | €11,486 | €539 | -€10,947 | -95.3% |
| Operating profit (loss) | 9901 | -€28,292 | -€40,444 | -€12,153 | -43.0% |
| Financial income | 75/76B | €1,202 | €2,192 | +€990 | +82.4% |
| Recurring financial income | 75 | €1,202 | €2,192 | +€990 | +82.4% |
| Financial charges | 65/66B | €15,154 | €10,129 | -€5,025 | -33.2% |
| Recurring financial charges | 65 | €15,154 | €10,129 | -€5,025 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | -€42,244 | -€48,381 | -€6,138 | -14.5% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€42,372 | -€48,381 | -€6,010 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,372 | -€48,381 | -€6,010 | -14.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.