CUIS'ART: 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.
CUIS'ART
Largest movements
- Receivables within one year -€278,769
down €278,769 (-74.2%), from €375,783 to €97,014
of which Other amounts receivable: -€150,205
- Financial fixed assets +€200,000
up €200,000 (+66666.7%), from €300 to €200,300
- Cash -€138,124
down €138,124 (-50.4%), from €274,013 to €135,889
mainly Investment in fixed assets (net) (-€216,123) and Other debts (-€148,779)
- Intangible fixed assets +€8,443
up €8,443 (+922.7%), from €915 to €9,358
- Deferred charges and accrued income +€7,880
up €7,880 (+120.9%), from €6,517 to €14,397
- Other debts -€148,779
down €148,779 (-92.5%), from €160,889 to €12,110
- Debts after one year -€60,887
down €60,887 (-40.6%), from €149,937 to €89,050
- Short-term financial debts +€55,000
new in 2025: €55,000
- Profit (loss) carried forward -€34,703
down €34,703, from €28,970 to -€5,733
- Trade debts -€13,614
down €13,614 (-18.3%), from €74,322 to €60,708
- Gross operating margin -€311,607
down €311,607 (-31.4%), from €991,077 to €679,470
- Staff costs -€63,707
down €63,707 (-8.4%), from €756,878 to €693,171
- Taxes -€58,846
down €58,846 (-98.3%), from €59,861 to €1,016
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 | €685,633 | €477,426 | -€208,207 | -30.4% |
| Fixed assets | 21/28 | €22,293 | €228,662 | +€206,369 | +925.7% |
| Intangible fixed assets | 21 | €915 | €9,358 | +€8,443 | +922.7% |
| Tangible fixed assets | 22/27 | €21,078 | €19,004 | -€2,074 | -9.8% |
| Plant, machinery and equipment | 23 | €1,165 | €3,395 | +€2,230 | +191.5% |
| Furniture and vehicles | 24 | €12,318 | €12,816 | +€498 | +4.0% |
| Other tangible fixed assets | 26 | €7,595 | €2,793 | -€4,802 | -63.2% |
| Financial fixed assets | 28 | €300 | €200,300 | +€200,000 | +66666.7% |
| Current assets | 29/58 | €663,340 | €248,764 | -€414,576 | -62.5% |
| Stocks and contracts in progress | 3 | €7,027 | €1,464 | -€5,563 | -79.2% |
| Stocks | 30/36 | €7,027 | €1,464 | -€5,563 | -79.2% |
| Amounts receivable within one year | 40/41 | €375,783 | €97,014 | -€278,769 | -74.2% |
| Trade receivables | 40 | €224,640 | €96,076 | -€128,564 | -57.2% |
| Other amounts receivable | 41 | €151,143 | €938 | -€150,205 | -99.4% |
| Cash at bank and in hand | 54/58 | €274,013 | €135,889 | -€138,124 | -50.4% |
| Deferred charges and accrued income | 490/1 | €6,517 | €14,397 | +€7,880 | +120.9% |
| Total equity and liabilities | 10/49 | €685,633 | €477,426 | -€208,207 | -30.4% |
| Equity | 10/15 | €177,430 | €142,727 | -€34,703 | -19.6% |
| Contributions | 10/11 | €120,460 | €120,460 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,970 | -€5,733 | -€34,703 | |
| Amounts payable | 17/49 | €508,203 | €334,699 | -€173,504 | -34.1% |
| Amounts payable after more than one year | 17 | €149,937 | €89,050 | -€60,887 | -40.6% |
| Financial debts | 170/4 | €149,937 | €89,050 | -€60,887 | -40.6% |
| Amounts payable within one year | 42/48 | €358,266 | €245,649 | -€112,617 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €59,304 | €60,887 | +€1,583 | +2.7% |
| Financial debts | 43 | - | €55,000 | +€55,000 | |
| Credit institutions | 430/8 | - | €55,000 | +€55,000 | |
| Trade debts | 44 | €74,322 | €60,708 | -€13,614 | -18.3% |
| Suppliers | 440/4 | €74,322 | €60,708 | -€13,614 | -18.3% |
| Taxes, remuneration and social security | 45 | €63,751 | €56,944 | -€6,807 | -10.7% |
| Taxes | 450/3 | €44,776 | €43,190 | -€1,586 | -3.5% |
| Remuneration and social security | 454/9 | €18,975 | €13,754 | -€5,221 | -27.5% |
| Other amounts payable | 47/48 | €160,889 | €12,110 | -€148,779 | -92.5% |
| Non-recurring operating income | 76A | - | €11,833 | +€11,833 | |
| Remuneration, social security and pensions | 62 | €756,878 | €693,171 | -€63,707 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,956 | €9,754 | +€798 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €688 | -€688 | -€1,376 | |
| Other operating charges | 640/8 | €4,543 | €5,601 | +€1,058 | +23.3% |
| Non-recurring operating charges | 66A | - | €35 | +€35 | |
| Gross operating margin | 9900 | €991,077 | €679,470 | -€311,607 | -31.4% |
| Operating profit (loss) | 9901 | €220,012 | -€28,403 | -€248,415 | |
| Financial income | 75/76B | €1,542 | €5,373 | +€3,831 | +248.4% |
| Recurring financial income | 75 | €1,542 | €5,373 | +€3,831 | +248.4% |
| Financial charges | 65/66B | €9,356 | €10,657 | +€1,301 | +13.9% |
| Recurring financial charges | 65 | €9,356 | €10,657 | +€1,301 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €212,198 | -€33,688 | -€245,886 | |
| Income taxes | 67/77 | €59,861 | €1,016 | -€58,846 | -98.3% |
| Profit (loss) for the period | 9904 | €152,337 | -€34,704 | -€187,041 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,337 | -€34,704 | -€187,041 |
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 5 October 2026 via checked.be.