CU3E: what changed
Two fiscal 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.
CU3E
Largest movements
- Cash +€27,673
up €27,673 (+22.0%), from €125,655 to €153,328
mainly Net result for the year (+€29,072) and Depreciation (+€6,986)
- Receivables within one year -€6,608
down €6,608 (-48.5%), from €13,627 to €7,018
of which Trade receivables: -€8,908
- Tangible fixed assets -€5,870
down €5,870 (-32.5%), from €18,065 to €12,195
of which Furniture and vehicles: -€5,018
- Reserves +€15,072
up €15,072 (+17.1%), from €87,906 to €102,978
of which Distributable reserves: +€15,072
- Tax, wage and social debts -€7,430
down €7,430 (-45.8%), from €16,223 to €8,792
of which Taxes: -€7,430
- Trade debts +€5,213
up €5,213 (+156.1%), from €3,339 to €8,552
- Other debts +€3,497
up €3,497 (+33.3%), from €10,503 to €14,000
- Gross operating margin +€20,964
up €20,964 (+77.6%), from €27,027 to €47,990
- Taxes +€5,345
up €5,345 (+86.5%), from €6,177 to €11,522
- Depreciation +€1,493
up €1,493 (+27.2%), from €5,493 to €6,986
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 | €160,682 | €177,033 | +€16,351 | +10.2% |
| Fixed assets | 21/28 | €18,473 | €12,602 | -€5,870 | -31.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €18,065 | €12,195 | -€5,870 | -32.5% |
| Plant, machinery and equipment | 23 | €2,342 | €1,782 | -€560 | -23.9% |
| Furniture and vehicles | 24 | €15,222 | €10,203 | -€5,018 | -33.0% |
| Other tangible fixed assets | 26 | €502 | €209 | -€292 | -58.3% |
| Financial fixed assets | 28 | €407 | €407 | = | 0.0% |
| Current assets | 29/58 | €142,209 | €164,431 | +€22,222 | +15.6% |
| Amounts receivable within one year | 40/41 | €13,627 | €7,018 | -€6,608 | -48.5% |
| Trade receivables | 40 | €10,260 | €1,352 | -€8,908 | -86.8% |
| Other amounts receivable | 41 | €3,367 | €5,666 | +€2,299 | +68.3% |
| Cash at bank and in hand | 54/58 | €125,655 | €153,328 | +€27,673 | +22.0% |
| Deferred charges and accrued income | 490/1 | €2,928 | €4,085 | +€1,157 | +39.5% |
| Total equity and liabilities | 10/49 | €160,682 | €177,033 | +€16,351 | +10.2% |
| Equity | 10/15 | €130,617 | €145,689 | +€15,072 | +11.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,906 | €102,978 | +€15,072 | +17.1% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Reserves not available under the articles | 1311 | €0 | €0 | = | |
| Distributable reserves | 133 | €87,906 | €102,978 | +€15,072 | +17.1% |
| Profit (loss) carried forward | 14 | €24,111 | €24,111 | = | 0.0% |
| Amounts payable | 17/49 | €30,065 | €31,344 | +€1,279 | +4.3% |
| Amounts payable within one year | 42/48 | €30,065 | €31,344 | +€1,279 | +4.3% |
| Trade debts | 44 | €3,339 | €8,552 | +€5,213 | +156.1% |
| Suppliers | 440/4 | €3,339 | €8,552 | +€5,213 | +156.1% |
| Taxes, remuneration and social security | 45 | €16,223 | €8,792 | -€7,430 | -45.8% |
| Taxes | 450/3 | €14,100 | €6,669 | -€7,430 | -52.7% |
| Remuneration and social security | 454/9 | €2,123 | €2,123 | = | 0.0% |
| Other amounts payable | 47/48 | €10,503 | €14,000 | +€3,497 | +33.3% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,493 | €6,986 | +€1,493 | +27.2% |
| Other operating charges | 640/8 | €757 | €417 | -€341 | -45.0% |
| Gross operating margin | 9900 | €27,027 | €47,990 | +€20,964 | +77.6% |
| Operating profit (loss) | 9901 | €20,776 | €40,587 | +€19,811 | +95.4% |
| Financial income | 75/76B | €0 | €153 | +€153 | |
| Recurring financial income | 75 | €0 | €153 | +€153 | |
| Financial charges | 65/66B | €245 | €146 | -€99 | -40.3% |
| Recurring financial charges | 65 | €245 | €146 | -€99 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €20,531 | €40,594 | +€20,063 | +97.7% |
| Income taxes | 67/77 | €6,177 | €11,522 | +€5,345 | +86.5% |
| Profit (loss) for the period | 9904 | €14,354 | €29,072 | +€14,718 | +102.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,354 | €29,072 | +€14,718 | +102.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.