CUISIMAT: 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.
CUISIMAT
Largest movements
- Cash +€238,618
up €238,618 (+86.5%), from €275,998 to €514,616
mainly Other debts (+€230,700) and Net result for the year (+€127,651)
- Stocks and contracts -€100,169
down €100,169 (-25.3%), from €395,911 to €295,742
- Deferred charges and accrued income -€14,871
down €14,871 (-86.8%), from €17,140 to €2,269
- Other debts +€230,700
new in 2025: €230,700
- Advances received -€113,752
down €113,752 (-49.4%), from €230,038 to €116,286
- Reserves -€102,100
down €102,100 (-36.0%), from €283,500 to €181,400
- Tax, wage and social debts +€43,835
up €43,835 (+63.0%), from €69,599 to €113,434
of which Remuneration and social security: +€30,446
- Trade debts +€22,768
up €22,768 (+8.4%), from €270,314 to €293,082
- Gross operating margin +€130,451
up €130,451 (+30.4%), from €429,724 to €560,175
- Taxes +€37,217
up €37,217 (+175.9%), from €21,161 to €58,378
- Write-downs +€25,034
no longer reported in 2025 (was -€25,034)
- Other operating charges -€22,890
down €22,890 (-74.7%), from €30,636 to €7,746
- Staff costs +€21,201
up €21,201 (+6.6%), from €318,941 to €340,143
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 | €989,382 | €1,087,860 | +€98,478 | +10.0% |
| Fixed assets | 21/28 | €103,525 | €89,040 | -€14,485 | -14.0% |
| Tangible fixed assets | 22/27 | €65,801 | €58,103 | -€7,698 | -11.7% |
| Plant, machinery and equipment | 23 | €5,345 | €19,368 | +€14,023 | +262.4% |
| Furniture and vehicles | 24 | €37,661 | €25,597 | -€12,064 | -32.0% |
| Other tangible fixed assets | 26 | €22,794 | €13,138 | -€9,657 | -42.4% |
| Financial fixed assets | 28 | €37,724 | €30,937 | -€6,787 | -18.0% |
| Current assets | 29/58 | €885,857 | €998,820 | +€112,964 | +12.8% |
| Stocks and contracts in progress | 3 | €395,911 | €295,742 | -€100,169 | -25.3% |
| Stocks | 30/36 | €395,911 | €295,742 | -€100,169 | -25.3% |
| Amounts receivable within one year | 40/41 | €196,807 | €186,194 | -€10,613 | -5.4% |
| Trade receivables | 40 | €174,906 | €177,584 | +€2,678 | +1.5% |
| Other amounts receivable | 41 | €21,901 | €8,610 | -€13,291 | -60.7% |
| Cash at bank and in hand | 54/58 | €275,998 | €514,616 | +€238,618 | +86.5% |
| Deferred charges and accrued income | 490/1 | €17,140 | €2,269 | -€14,871 | -86.8% |
| Total equity and liabilities | 10/49 | €989,382 | €1,087,860 | +€98,478 | +10.0% |
| Equity | 10/15 | €419,399 | €317,158 | -€102,240 | -24.4% |
| Contributions | 10/11 | €14,360 | €14,360 | = | 0.0% |
| Reserves | 13 | €283,500 | €181,400 | -€102,100 | -36.0% |
| Distributable reserves | 133 | €283,500 | €181,400 | -€102,100 | -36.0% |
| Profit (loss) carried forward | 14 | €121,347 | €121,398 | +€51 | 0.0% |
| Investment grants | 15 | €191 | - | -€191 | |
| Amounts payable | 17/49 | €569,983 | €770,702 | +€200,719 | +35.2% |
| Amounts payable within one year | 42/48 | €569,951 | €753,502 | +€183,551 | +32.2% |
| Trade debts | 44 | €270,314 | €293,082 | +€22,768 | +8.4% |
| Suppliers | 440/4 | €270,314 | €293,082 | +€22,768 | +8.4% |
| Advances received on contracts in progress | 46 | €230,038 | €116,286 | -€113,752 | -49.4% |
| Taxes, remuneration and social security | 45 | €69,599 | €113,434 | +€43,835 | +63.0% |
| Taxes | 450/3 | €30,133 | €43,522 | +€13,389 | +44.4% |
| Remuneration and social security | 454/9 | €39,466 | €69,912 | +€30,446 | +77.1% |
| Other amounts payable | 47/48 | - | €230,700 | +€230,700 | |
| Accrued charges and deferred income | 492/3 | €32 | €17,200 | +€17,168 | +53382.6% |
| Remuneration, social security and pensions | 62 | €318,941 | €340,143 | +€21,201 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,875 | €25,583 | -€292 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25,034 | - | +€25,034 | |
| Other operating charges | 640/8 | €30,636 | €7,746 | -€22,890 | -74.7% |
| Gross operating margin | 9900 | €429,724 | €560,175 | +€130,451 | +30.4% |
| Operating profit (loss) | 9901 | €79,305 | €186,703 | +€107,398 | +135.4% |
| Financial income | 75/76B | €12,879 | €3,550 | -€9,329 | -72.4% |
| Recurring financial income | 75 | €12,879 | €3,550 | -€9,329 | -72.4% |
| Financial charges | 65/66B | €4,349 | €4,225 | -€124 | -2.8% |
| Recurring financial charges | 65 | €4,349 | €4,225 | -€124 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €87,835 | €186,028 | +€98,193 | +111.8% |
| Income taxes | 67/77 | €21,161 | €58,378 | +€37,217 | +175.9% |
| Profit (loss) for the period | 9904 | €66,674 | €127,651 | +€60,976 | +91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,674 | €127,651 | +€60,976 | +91.5% |
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 2 October 2026 via checked.be.