CUDDY: 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.
CUDDY
Largest movements
- Cash +€25,599
up €25,599 (+133%), from €19,288 to €44,887
mainly Depreciation (+€17,491) and Net result for the year (+€14,873)
- Tangible fixed assets -€12,284
down €12,284 (-20.5%), from €59,942 to €47,657
of which Leasing and similar rights: -€10,353
- Stocks and contracts +€9,148
up €9,148 (+76.1%), from €12,019 to €21,166
- Receivables within one year -€6,450
down €6,450 (-78.6%), from €8,202 to €1,751
of which Other amounts receivable: -€7,004
- Reserves +€14,873
up €14,873 (+64.2%), from €23,181 to €38,054
- Other debts +€7,903
up €7,903 (+32.7%), from €24,143 to €32,045
- Debts after one year -€7,613
down €7,613 (-25.1%), from €30,296 to €22,683
- Trade debts +€1,688
up €1,688 (+31.5%), from €5,357 to €7,046
- Current portion of long-term debt -€1,666
down €1,666 (-18.0%), from €9,279 to €7,613
- Depreciation +€7,004
up €7,004 (+66.8%), from €10,487 to €17,491
- Gross operating margin +€3,459
up €3,459 (+4.2%), from €82,008 to €85,467
- Financial charges +€1,870
up €1,870 (+169%), from €1,109 to €2,979
- Staff costs +€1,262
up €1,262 (+2.9%), from €43,496 to €44,758
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 | €111,060 | €125,872 | +€14,812 | +13.3% |
| Fixed assets | 21/28 | €71,551 | €58,067 | -€13,484 | -18.8% |
| Intangible fixed assets | 21 | €11,610 | €10,410 | -€1,200 | -10.3% |
| Tangible fixed assets | 22/27 | €59,942 | €47,657 | -€12,284 | -20.5% |
| Plant, machinery and equipment | 23 | €553 | €1,236 | +€684 | +124% |
| Furniture and vehicles | 24 | €10,536 | €7,921 | -€2,615 | -24.8% |
| Leasing and similar rights | 25 | €48,853 | €38,500 | -€10,353 | -21.2% |
| Current assets | 29/58 | €39,509 | €67,805 | +€28,296 | +71.6% |
| Stocks and contracts in progress | 3 | €12,019 | €21,166 | +€9,148 | +76.1% |
| Stocks | 30/36 | €12,019 | €21,166 | +€9,148 | +76.1% |
| Amounts receivable within one year | 40/41 | €8,202 | €1,751 | -€6,450 | -78.6% |
| Trade receivables | 40 | €1,197 | €1,751 | +€554 | +46.3% |
| Other amounts receivable | 41 | €7,004 | - | -€7,004 | |
| Cash at bank and in hand | 54/58 | €19,288 | €44,887 | +€25,599 | +133% |
| Total equity and liabilities | 10/49 | €111,060 | €125,872 | +€14,812 | +13.3% |
| Equity | 10/15 | €30,681 | €45,554 | +€14,873 | +48.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €23,181 | €38,054 | +€14,873 | +64.2% |
| Distributable reserves | 133 | €23,181 | €38,054 | +€14,873 | +64.2% |
| Amounts payable | 17/49 | €80,379 | €80,318 | -€60 | -0.1% |
| Amounts payable after more than one year | 17 | €30,296 | €22,683 | -€7,613 | -25.1% |
| Financial debts | 170/4 | €30,296 | €22,683 | -€7,613 | -25.1% |
| Amounts payable within one year | 42/48 | €50,083 | €57,635 | +€7,552 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €9,279 | €7,613 | -€1,666 | -18.0% |
| Trade debts | 44 | €5,357 | €7,046 | +€1,688 | +31.5% |
| Suppliers | 440/4 | €5,357 | €7,046 | +€1,688 | +31.5% |
| Taxes, remuneration and social security | 45 | €11,304 | €10,931 | -€373 | -3.3% |
| Taxes | 450/3 | €4,870 | €8,573 | +€3,703 | +76.0% |
| Remuneration and social security | 454/9 | €6,434 | €2,358 | -€4,076 | -63.3% |
| Other amounts payable | 47/48 | €24,143 | €32,045 | +€7,903 | +32.7% |
| Remuneration, social security and pensions | 62 | €43,496 | €44,758 | +€1,262 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,487 | €17,491 | +€7,004 | +66.8% |
| Other operating charges | 640/8 | €1,005 | €772 | -€233 | -23.2% |
| Gross operating margin | 9900 | €82,008 | €85,467 | +€3,459 | +4.2% |
| Operating profit (loss) | 9901 | €27,020 | €22,445 | -€4,574 | -16.9% |
| Financial income | 75/76B | €196 | €346 | +€150 | +76.4% |
| Recurring financial income | 75 | €196 | €346 | +€150 | +76.4% |
| Financial charges | 65/66B | €1,109 | €2,979 | +€1,870 | +169% |
| Recurring financial charges | 65 | €1,109 | €2,979 | +€1,870 | +169% |
| Profit (loss) for the period before taxes | 9903 | €26,108 | €19,813 | -€6,295 | -24.1% |
| Income taxes | 67/77 | €4,870 | €4,940 | +€70 | +1.4% |
| Profit (loss) for the period | 9904 | €21,238 | €14,873 | -€6,365 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,238 | €14,873 | -€6,365 | -30.0% |
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.