CUIRASS: what changed
Two fiscal 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.
CUIRASS
Largest movements
- Cash -€112,126
down €112,126 (-6.7%), from €1.7m to €1.5m
mainly Trade debts (-€68,116) and Net result for the year (-€31,871)
- Trade debts -€68,116
down €68,116 (-98.8%), from €68,932 to €816
- Profit (loss) carried forward -€31,871
new in 2025: -€31,871
- Tax, wage and social debts -€31,670
down €31,670 (-65.2%), from €48,544 to €16,874
- Turnover -€957,775
down €957,775 (-100.0%), from €957,775 to €0
- Gross operating margin -€862,768
down €862,768, from €814,324 to -€48,444
- Taxes -€212,969
down €212,969, from €201,733 to -€11,236
- Purchases and services -€95,006
down €95,006 (-66.2%), from €143,450 to €48,444
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 | €2,071,531 | €1,939,874 | -€131,657 | -6.4% |
| Fixed assets | 21/28 | €55,923 | €42,884 | -€13,039 | -23.3% |
| Tangible fixed assets | 22/27 | €55,923 | €42,884 | -€13,039 | -23.3% |
| Plant, machinery and equipment | 23 | €7,906 | €6,846 | -€1,060 | -13.4% |
| Furniture and vehicles | 24 | €48,017 | €36,038 | -€11,979 | -24.9% |
| Current assets | 29/58 | €2,015,608 | €1,896,990 | -€118,618 | -5.9% |
| Amounts receivable within one year | 40/41 | €354,100 | €347,608 | -€6,492 | -1.8% |
| Trade receivables | 40 | €350,958 | €342,678 | -€8,280 | -2.4% |
| Other amounts receivable | 41 | €3,142 | €4,930 | +€1,788 | +56.9% |
| Cash at bank and in hand | 54/58 | €1,661,508 | €1,549,382 | -€112,126 | -6.7% |
| Total equity and liabilities | 10/49 | €2,071,531 | €1,939,874 | -€131,657 | -6.4% |
| Equity | 10/15 | €1,954,055 | €1,922,184 | -€31,871 | -1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,947,855 | €1,947,855 | = | 0.0% |
| Distributable reserves | 133 | €1,947,855 | €1,947,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,871 | -€31,871 | |
| Amounts payable | 17/49 | €117,476 | €17,690 | -€99,786 | -84.9% |
| Amounts payable within one year | 42/48 | €117,476 | €17,690 | -€99,786 | -84.9% |
| Trade debts | 44 | €68,932 | €816 | -€68,116 | -98.8% |
| Suppliers | 440/4 | €68,932 | €816 | -€68,116 | -98.8% |
| Taxes, remuneration and social security | 45 | €48,544 | €16,874 | -€31,670 | -65.2% |
| Taxes | 450/3 | €48,544 | €16,874 | -€31,670 | -65.2% |
| Turnover | 70 | €957,775 | €0 | -€957,775 | -100.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €143,450 | €48,444 | -€95,006 | -66.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,653 | €13,038 | -€1,615 | -11.0% |
| Gross operating margin | 9900 | €814,324 | -€48,444 | -€862,768 | |
| Operating profit (loss) | 9901 | €799,671 | -€61,482 | -€861,153 | |
| Financial income | 75/76B | €12,500 | €18,375 | +€5,875 | +47.0% |
| Recurring financial income | 75 | €12,500 | €18,375 | +€5,875 | +47.0% |
| Profit (loss) for the period before taxes | 9903 | €812,171 | -€43,107 | -€855,278 | |
| Income taxes | 67/77 | €201,733 | -€11,236 | -€212,969 | |
| Profit (loss) for the period | 9904 | €610,438 | -€31,871 | -€642,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €610,438 | -€31,871 | -€642,309 |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.