CUI: 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.
What changed
CUI
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€51,045
2024 · -€32,344-€18,701
Equity
€1.1m
2024 · €1.2m-€51,045
Cash
€89,366
2024 · €152,175-€62,809
Balance sheet total
€6.2m
2024 · €6.5m-€278,486
Largest movements
Assets
- Tangible fixed assets -€194,532
down €194,532 (-3.1%), from €6.3m to €6.1m
of which Land and buildings: -€195,611
Equity and liabilities
- Debts after one year -€317,912
down €317,912 (-6.8%), from €4.7m to €4.4m
of which Financial debts: -€317,912
- Other debts +€153,000
new in 2025: €153,000
Income statement
- Gross operating margin +€37,473
up €37,473 (+8.9%), from €421,387 to €458,860
- Depreciation +€27,659
up €27,659 (+8.3%), from €333,680 to €361,339
- Staff costs +€20,339
up €20,339 (+47.9%), from €42,433 to €62,772
- Financial charges +€7,324
up €7,324 (+9.6%), from €76,448 to €83,772
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.
Result 2024
-€32,344
Gross operating margin
+€37,473
Staff costs
-€20,339
Depreciation
-€27,659
Other operating charges
-€1,336
Financial income
+€484
Financial charges
-€7,324
Result 2025
-€51,045
raises the resultlowers the result
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.
From operations
+€417,618
Investment
-€166,415
Financing
-€314,011
Cash 2024
€152,175
From operations (derived)
+€417,618
Net result for the year
-€51,045
Depreciation
+€361,339
Receivables within one year
+€22,630
Deferred charges and accrued income
-€1,876
Trade debts
-€14,061
Tax, wage and social debts
-€31,675
Advances received
-€40,321
Other debts
+€153,000
Accrued charges and deferred income
+€19,626
Investment (derived)
-€166,415
Investment in fixed assets (net)
-€166,415
Financing
-€314,011
Debts after one year
-€317,912
Current portion of long-term debt
+€3,900
Cash 2025
€89,366
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,476,694 | €6,198,208 | -€278,486 | -4.3% |
| Fixed assets | 21/28 | €6,262,119 | €6,067,196 | -€194,923 | -3.1% |
| Intangible fixed assets | 21 | €1,453 | €1,061 | -€391 | -26.9% |
| Tangible fixed assets | 22/27 | €6,260,667 | €6,066,135 | -€194,532 | -3.1% |
| Land and buildings | 22 | €6,260,667 | €6,065,056 | -€195,611 | -3.1% |
| Plant, machinery and equipment | 23 | - | €1,079 | +€1,079 | |
| Current assets | 29/58 | €214,575 | €131,012 | -€83,563 | -38.9% |
| Amounts receivable within one year | 40/41 | €56,861 | €34,231 | -€22,630 | -39.8% |
| Trade receivables | 40 | €55,547 | €34,231 | -€21,316 | -38.4% |
| Other amounts receivable | 41 | €1,314 | - | -€1,314 | |
| Cash at bank and in hand | 54/58 | €152,175 | €89,366 | -€62,809 | -41.3% |
| Deferred charges and accrued income | 490/1 | €5,538 | €7,414 | +€1,876 | +33.9% |
| Total equity and liabilities | 10/49 | €6,476,694 | €6,198,208 | -€278,486 | -4.3% |
| Equity | 10/15 | €1,186,960 | €1,135,915 | -€51,045 | -4.3% |
| Contributions | 10/11 | €1,650,000 | €1,650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€463,040 | -€514,085 | -€51,045 | -11.0% |
| Amounts payable | 17/49 | €5,289,734 | €5,062,293 | -€227,441 | -4.3% |
| Amounts payable after more than one year | 17 | €4,698,130 | €4,380,218 | -€317,912 | -6.8% |
| Financial debts | 170/4 | €4,428,130 | €4,110,218 | -€317,912 | -7.2% |
| Other amounts payable | 178/9 | €270,000 | €270,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €579,426 | €650,271 | +€70,844 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €264,011 | €267,912 | +€3,900 | +1.5% |
| Trade debts | 44 | €224,067 | €210,007 | -€14,061 | -6.3% |
| Suppliers | 440/4 | €224,067 | €210,007 | -€14,061 | -6.3% |
| Advances received on contracts in progress | 46 | €40,321 | - | -€40,321 | |
| Taxes, remuneration and social security | 45 | €51,027 | €19,352 | -€31,675 | -62.1% |
| Taxes | 450/3 | €51,027 | €19,352 | -€31,675 | -62.1% |
| Other amounts payable | 47/48 | - | €153,000 | +€153,000 | |
| Accrued charges and deferred income | 492/3 | €12,177 | €31,803 | +€19,626 | +161% |
| Remuneration, social security and pensions | 62 | €42,433 | €62,772 | +€20,339 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €333,680 | €361,339 | +€27,659 | +8.3% |
| Other operating charges | 640/8 | €1,171 | €2,506 | +€1,336 | +114% |
| Gross operating margin | 9900 | €421,387 | €458,860 | +€37,473 | +8.9% |
| Operating profit (loss) | 9901 | €44,104 | €32,243 | -€11,861 | -26.9% |
| Financial income | 75/76B | - | €484 | +€484 | |
| Recurring financial income | 75 | - | €484 | +€484 | |
| Financial charges | 65/66B | €76,448 | €83,772 | +€7,324 | +9.6% |
| Recurring financial charges | 65 | €76,448 | €83,772 | +€7,324 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,344 | -€51,045 | -€18,701 | -57.8% |
| Profit (loss) for the period | 9904 | -€32,344 | -€51,045 | -€18,701 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,344 | -€51,045 | -€18,701 | -57.8% |
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 31 October 2026 via checked.be.