Cuco: 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.
Cuco
Largest movements
- Current investments +€35,380
up €35,380 (+21.8%), from €162,039 to €197,419
- Receivables after one year -€30,000
down €30,000 (-12.0%), from €250,000 to €220,000
- Tangible fixed assets +€18,864
up €18,864 (+54.1%), from €34,857 to €53,721
of which Plant, machinery and equipment: +€23,872
- Cash +€8,779
up €8,779 (+8.3%), from €105,883 to €114,662
mainly Net result for the year (+€88,164) and Receivables after one year (+€30,000)
- Reserves +€25,500
up €25,500 (+4.9%), from €516,250 to €541,750
of which Distributable reserves: +€25,500
- Gross operating margin +€11,443
up €11,443 (+9.4%), from €122,228 to €133,670
- Taxes +€3,839
up €3,839 (+12.1%), from €31,816 to €35,654
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 | €576,950 | €605,114 | +€28,164 | +4.9% |
| Fixed assets | 21/28 | €34,857 | €53,721 | +€18,864 | +54.1% |
| Tangible fixed assets | 22/27 | €34,857 | €53,721 | +€18,864 | +54.1% |
| Land and buildings | 22 | €28,750 | €24,150 | -€4,600 | -16.0% |
| Plant, machinery and equipment | 23 | €4,274 | €28,146 | +€23,872 | +558.5% |
| Furniture and vehicles | 24 | €1,833 | €1,425 | -€408 | -22.3% |
| Current assets | 29/58 | €542,093 | €551,393 | +€9,300 | +1.7% |
| Amounts receivable after more than one year | 29 | €250,000 | €220,000 | -€30,000 | -12.0% |
| Other amounts receivable | 291 | €250,000 | €220,000 | -€30,000 | -12.0% |
| Amounts receivable within one year | 40/41 | €23,426 | €18,559 | -€4,867 | -20.8% |
| Trade receivables | 40 | €17,045 | €16,456 | -€589 | -3.5% |
| Other amounts receivable | 41 | €6,381 | €2,103 | -€4,278 | -67.0% |
| Current investments | 50/53 | €162,039 | €197,419 | +€35,380 | +21.8% |
| Cash at bank and in hand | 54/58 | €105,883 | €114,662 | +€8,779 | +8.3% |
| Deferred charges and accrued income | 490/1 | €746 | €753 | +€7 | +1.0% |
| Total equity and liabilities | 10/49 | €576,950 | €605,114 | +€28,164 | +4.9% |
| Equity | 10/15 | €550,615 | €576,115 | +€25,500 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €516,250 | €541,750 | +€25,500 | +4.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €516,250 | €541,750 | +€25,500 | +4.9% |
| Profit (loss) carried forward | 14 | €28,165 | €28,165 | = | 0.0% |
| Amounts payable | 17/49 | €26,335 | €28,999 | +€2,664 | +10.1% |
| Amounts payable within one year | 42/48 | €26,335 | €28,996 | +€2,661 | +10.1% |
| Trade debts | 44 | €370 | €2,841 | +€2,471 | +667.3% |
| Suppliers | 440/4 | €370 | €2,841 | +€2,471 | +667.3% |
| Taxes, remuneration and social security | 45 | €25,965 | €26,155 | +€190 | +0.7% |
| Taxes | 450/3 | €25,965 | €26,155 | +€190 | +0.7% |
| Accrued charges and deferred income | 492/3 | - | €3 | +€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,638 | €7,285 | +€647 | +9.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €122,228 | €133,670 | +€11,443 | +9.4% |
| Operating profit (loss) | 9901 | €115,085 | €125,866 | +€10,781 | +9.4% |
| Financial income | 75/76B | €1,145 | €1,656 | +€511 | +44.6% |
| Recurring financial income | 75 | €1,145 | €1,656 | +€511 | +44.6% |
| Financial charges | 65/66B | €2,846 | €3,704 | +€859 | +30.2% |
| Recurring financial charges | 65 | €2,846 | €3,704 | +€859 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €113,384 | €123,818 | +€10,434 | +9.2% |
| Income taxes | 67/77 | €31,816 | €35,654 | +€3,839 | +12.1% |
| Profit (loss) for the period | 9904 | €81,568 | €88,164 | +€6,595 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,568 | €88,164 | +€6,595 | +8.1% |
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 11 October 2026 via checked.be.