CUCU: 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.
CUCU
Largest movements
- Tangible fixed assets -€53,766
down €53,766 (-7.2%), from €746,985 to €693,218
of which Plant, machinery and equipment: -€34,042
- Cash +€48,669
up €48,669 (+344%), from €14,162 to €62,831
mainly Depreciation (+€97,587) and Net result for the year (+€84,699)
- Deferred charges and accrued income -€10,174
down €10,174 (-81.4%), from €12,505 to €2,331
- Debts after one year -€56,895
down €56,895 (-36.5%), from €156,054 to €99,159
- Other debts +€37,385
up €37,385 (+1,192%), from €3,135 to €40,520
- Reserves +€19,101
up €19,101 (+3.6%), from €533,674 to €552,775
of which Distributable reserves: +€22,412
- Short-term financial debts -€8,451
down €8,451 (-100%), from €8,451 to €0
- Gross operating margin +€76,098
up €76,098 (+50.2%), from €151,608 to €227,707
- Taxes +€21,363
up €21,363 (+158%), from €13,483 to €34,847
- Depreciation +€10,659
up €10,659 (+12.3%), from €86,928 to €97,587
- Financial charges -€2,828
down €2,828 (-25.6%), from €11,052 to €8,223
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 | €792,168 | €770,264 | -€21,904 | -2.8% |
| Fixed assets | 21/28 | €746,985 | €693,218 | -€53,766 | -7.2% |
| Tangible fixed assets | 22/27 | €746,985 | €693,218 | -€53,766 | -7.2% |
| Land and buildings | 22 | €491,297 | €477,856 | -€13,441 | -2.7% |
| Plant, machinery and equipment | 23 | €206,581 | €172,540 | -€34,042 | -16.5% |
| Furniture and vehicles | 24 | €49,106 | €42,822 | -€6,284 | -12.8% |
| Current assets | 29/58 | €45,183 | €77,045 | +€31,862 | +70.5% |
| Amounts receivable within one year | 40/41 | €18,516 | €11,884 | -€6,632 | -35.8% |
| Trade receivables | 40 | €11,833 | €9,084 | -€2,749 | -23.2% |
| Other amounts receivable | 41 | €6,683 | €2,800 | -€3,884 | -58.1% |
| Cash at bank and in hand | 54/58 | €14,162 | €62,831 | +€48,669 | +344% |
| Deferred charges and accrued income | 490/1 | €12,505 | €2,331 | -€10,174 | -81.4% |
| Total equity and liabilities | 10/49 | €792,168 | €770,264 | -€21,904 | -2.8% |
| Equity | 10/15 | €546,074 | €565,175 | +€19,101 | +3.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €533,674 | €552,775 | +€19,101 | +3.6% |
| Tax-exempt reserves | 132 | €3,310 | €0 | -€3,310 | -100% |
| Distributable reserves | 133 | €530,364 | €552,775 | +€22,412 | +4.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €828 | €0 | -€828 | -100% |
| Deferred taxes | 168 | €828 | €0 | -€828 | -100% |
| Amounts payable | 17/49 | €245,266 | €205,088 | -€40,178 | -16.4% |
| Amounts payable after more than one year | 17 | €156,054 | €99,159 | -€56,895 | -36.5% |
| Financial debts | 170/4 | €156,054 | €99,159 | -€56,895 | -36.5% |
| Amounts payable within one year | 42/48 | €87,890 | €103,857 | +€15,967 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €64,714 | €56,895 | -€7,820 | -12.1% |
| Financial debts | 43 | €8,451 | €0 | -€8,451 | -100% |
| Credit institutions | 430/8 | €8,451 | €0 | -€8,451 | -100% |
| Trade debts | 44 | €1,140 | €893 | -€247 | -21.7% |
| Suppliers | 440/4 | €1,140 | €893 | -€247 | -21.7% |
| Taxes, remuneration and social security | 45 | €10,450 | €5,549 | -€4,900 | -46.9% |
| Taxes | 450/3 | €7,825 | €5,549 | -€2,275 | -29.1% |
| Remuneration and social security | 454/9 | €2,625 | €0 | -€2,625 | -100% |
| Other amounts payable | 47/48 | €3,135 | €40,520 | +€37,385 | +1,192% |
| Accrued charges and deferred income | 492/3 | €1,322 | €2,072 | +€750 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,928 | €97,587 | +€10,659 | +12.3% |
| Other operating charges | 640/8 | €2,687 | €2,546 | -€141 | -5.2% |
| Non-recurring operating charges | 66A | €768 | €745 | -€23 | -3.0% |
| Gross operating margin | 9900 | €151,608 | €227,707 | +€76,098 | +50.2% |
| Operating profit (loss) | 9901 | €61,225 | €126,829 | +€65,603 | +107% |
| Financial income | 75/76B | €39 | €112 | +€74 | +191% |
| Recurring financial income | 75 | €39 | €112 | +€74 | +191% |
| Financial charges | 65/66B | €11,052 | €8,223 | -€2,828 | -25.6% |
| Recurring financial charges | 65 | €11,052 | €8,223 | -€2,828 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | €50,212 | €118,718 | +€68,506 | +136% |
| Transfer from deferred taxes | 780 | €932 | €828 | -€104 | -11.2% |
| Income taxes | 67/77 | €13,483 | €34,847 | +€21,363 | +158% |
| Profit (loss) for the period | 9904 | €37,661 | €84,699 | +€47,038 | +125% |
| Transfer from tax-exempt reserves | 789 | €3,728 | €3,310 | -€418 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,389 | €88,009 | +€46,620 | +113% |
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 22 October 2026 via checked.be.