CuGo!: 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.
CuGo!
Largest movements
- Cash +€83,998
up €83,998 (+65.9%), from €127,474 to €211,472
mainly Trade debts (+€78,791) and Stocks and contracts (+€21,741)
- Stocks and contracts -€21,741
down €21,741 (-26.3%), from €82,820 to €61,079
- Tangible fixed assets -€14,668
down €14,668 (-2.5%), from €581,388 to €566,720
of which Land and buildings: -€16,000
- Receivables within one year +€13,079
up €13,079 (+28.1%), from €46,467 to €59,546
- Trade debts +€78,791
up €78,791 (+420.4%), from €18,743 to €97,534
of which Suppliers: +€78,660
- Tax, wage and social debts -€19,039
down €19,039 (-47.0%), from €40,538 to €21,499
- Advances received -€18,150
no longer reported in 2025 (was €18,150)
- Profit (loss) carried forward +€17,928
up €17,928 (+51.4%), from -€34,900 to -€16,972
- Other debts +€12,769
up €12,769 (+9.9%), from €129,393 to €142,162
- Depreciation -€26,417
down €26,417 (-62.2%), from €42,437 to €16,020
- Financial charges -€10,947
down €10,947 (-30.1%), from €36,407 to €25,460
- Gross operating margin +€9,108
up €9,108 (+16.4%), from €55,589 to €64,696
- Financial income +€1,453
new in 2025: €1,453
- Other operating charges +€772
up €772 (+14.5%), from €5,313 to €6,085
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 | €839,921 | €907,808 | +€67,887 | +8.1% |
| Fixed assets | 21/28 | €581,388 | €573,770 | -€7,618 | -1.3% |
| Tangible fixed assets | 22/27 | €581,388 | €566,720 | -€14,668 | -2.5% |
| Land and buildings | 22 | €581,388 | €565,388 | -€16,000 | -2.8% |
| Furniture and vehicles | 24 | - | €1,333 | +€1,333 | |
| Financial fixed assets | 28 | - | €7,050 | +€7,050 | |
| Current assets | 29/58 | €258,533 | €334,038 | +€75,505 | +29.2% |
| Stocks and contracts in progress | 3 | €82,820 | €61,079 | -€21,741 | -26.3% |
| Stocks | 30/36 | €82,820 | €61,079 | -€21,741 | -26.3% |
| Amounts receivable within one year | 40/41 | €46,467 | €59,546 | +€13,079 | +28.1% |
| Trade receivables | 40 | €46,467 | €59,546 | +€13,079 | +28.1% |
| Cash at bank and in hand | 54/58 | €127,474 | €211,472 | +€83,998 | +65.9% |
| Deferred charges and accrued income | 490/1 | €1,773 | €1,941 | +€168 | +9.5% |
| Total equity and liabilities | 10/49 | €839,921 | €907,808 | +€67,887 | +8.1% |
| Equity | 10/15 | -€29,900 | -€11,972 | +€17,928 | +60.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,900 | -€16,972 | +€17,928 | +51.4% |
| Amounts payable | 17/49 | €869,821 | €919,780 | +€49,959 | +5.7% |
| Amounts payable after more than one year | 17 | €633,585 | €631,631 | -€1,954 | -0.3% |
| Financial debts | 170/4 | €633,585 | €631,631 | -€1,954 | -0.3% |
| Amounts payable within one year | 42/48 | €232,738 | €288,149 | +€55,411 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €25,915 | €26,954 | +€1,040 | +4.0% |
| Trade debts | 44 | €18,743 | €97,534 | +€78,791 | +420.4% |
| Suppliers | 440/4 | €18,743 | €97,402 | +€78,660 | +419.7% |
| Bills of exchange payable | 441 | - | €131 | +€131 | |
| Advances received on contracts in progress | 46 | €18,150 | - | -€18,150 | |
| Taxes, remuneration and social security | 45 | €40,538 | €21,499 | -€19,039 | -47.0% |
| Taxes | 450/3 | €40,538 | €21,499 | -€19,039 | -47.0% |
| Other amounts payable | 47/48 | €129,393 | €142,162 | +€12,769 | +9.9% |
| Accrued charges and deferred income | 492/3 | €3,497 | - | -€3,497 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,437 | €16,020 | -€26,417 | -62.2% |
| Other operating charges | 640/8 | €5,313 | €6,085 | +€772 | +14.5% |
| Gross operating margin | 9900 | €55,589 | €64,696 | +€9,108 | +16.4% |
| Operating profit (loss) | 9901 | €7,838 | €42,591 | +€34,753 | +443.4% |
| Financial income | 75/76B | - | €1,453 | +€1,453 | |
| Recurring financial income | 75 | - | €1,453 | +€1,453 | |
| Financial charges | 65/66B | €36,407 | €25,460 | -€10,947 | -30.1% |
| Recurring financial charges | 65 | €36,407 | €25,460 | -€10,947 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | -€28,569 | €18,584 | +€47,153 | |
| Income taxes | 67/77 | €208 | €656 | +€448 | +215.1% |
| Profit (loss) for the period | 9904 | -€28,777 | €17,928 | +€46,705 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,777 | €17,928 | +€46,705 |
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 12 October 2026 via checked.be.