CUDRIG: 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.
CUDRIG
Largest movements
- Receivables within one year +€11,423
up €11,423 (+1,523%), from €750 to €12,173
- Tangible fixed assets -€134
down €134 (-25.0%), from €536 to €402
- Profit (loss) carried forward -€81,977
down €81,977 (-47.3%), from -€173,134 to -€255,111
- Tax, wage and social debts +€75,537
up €75,537 (+241%), from €31,374 to €106,911
- Debts after one year +€30,000
up €30,000 (+30.0%), from €100,000 to €130,000
- Other debts -€17,186
down €17,186 (-80.9%), from €21,250 to €4,064
- Trade debts +€5,003
up €5,003 (+378%), from €1,323 to €6,326
- Taxes +€74,566
new in 2025: €74,566
- Other operating charges +€7,796
new in 2025: €7,796
- Gross operating margin +€7,033
up €7,033, from -€6,038 to €995
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 | €1,286 | €12,650 | +€11,364 | +884% |
| Fixed assets | 21/28 | €536 | €402 | -€134 | -25.0% |
| Tangible fixed assets | 22/27 | €536 | €402 | -€134 | -25.0% |
| Other tangible fixed assets | 26 | €536 | €402 | -€134 | -25.0% |
| Current assets | 29/58 | €750 | €12,248 | +€11,498 | +1,533% |
| Amounts receivable within one year | 40/41 | €750 | €12,173 | +€11,423 | +1,523% |
| Trade receivables | 40 | €750 | €12,173 | +€11,423 | +1,523% |
| Cash at bank and in hand | 54/58 | - | €75 | +€75 | |
| Total equity and liabilities | 10/49 | €1,286 | €12,650 | +€11,364 | +884% |
| Equity | 10/15 | -€152,674 | -€234,651 | -€81,977 | -53.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,134 | -€255,111 | -€81,977 | -47.3% |
| Amounts payable | 17/49 | €153,960 | €247,301 | +€93,341 | +60.6% |
| Amounts payable after more than one year | 17 | €100,000 | €130,000 | +€30,000 | +30.0% |
| Other amounts payable | 178/9 | €100,000 | €130,000 | +€30,000 | +30.0% |
| Amounts payable within one year | 42/48 | €53,960 | €117,301 | +€63,341 | +117% |
| Financial debts | 43 | €13 | - | -€13 | |
| Other loans | 439 | €13 | - | -€13 | |
| Trade debts | 44 | €1,323 | €6,326 | +€5,003 | +378% |
| Suppliers | 440/4 | €1,323 | €6,326 | +€5,003 | +378% |
| Taxes, remuneration and social security | 45 | €31,374 | €106,911 | +€75,537 | +241% |
| Taxes | 450/3 | €31,374 | €106,911 | +€75,537 | +241% |
| Other amounts payable | 47/48 | €21,250 | €4,064 | -€17,186 | -80.9% |
| Non-recurring operating income | 76A | €1,583 | - | -€1,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134 | €134 | = | 0.0% |
| Other operating charges | 640/8 | - | €7,796 | +€7,796 | |
| Gross operating margin | 9900 | -€6,038 | €995 | +€7,033 | |
| Operating profit (loss) | 9901 | -€6,172 | -€6,935 | -€763 | -12.4% |
| Financial charges | 65/66B | €467 | €476 | +€8 | +1.8% |
| Recurring financial charges | 65 | €467 | €476 | +€8 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,640 | -€7,410 | -€771 | -11.6% |
| Income taxes | 67/77 | - | €74,566 | +€74,566 | |
| Profit (loss) for the period | 9904 | -€6,640 | -€81,977 | -€75,337 | -1,135% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,640 | -€81,977 | -€75,337 | -1,135% |
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 28 October 2026 via checked.be.