CUIZIEN: 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.
CUIZIEN
Largest movements
- Formation expenses -€29,105
down €29,105 (-22.2%), from €130,892 to €101,787
- Cash +€9,935
up €9,935 (+64.1%), from €15,498 to €25,433
mainly Advances received (+€60,975) and Other debts (+€40,000)
- Deferred charges and accrued income +€3,105
up €3,105 (+1,021%), from €304 to €3,409
- Profit (loss) carried forward -€129,045
down €129,045 (-2,669%), from -€4,834 to -€133,879
- Advances received +€60,975
new in 2025: €60,975
- Other debts +€40,000
up €40,000 (+28.6%), from €140,000 to €180,000
- Trade debts +€18,462
up €18,462 (+418%), from €4,413 to €22,875
- Tax, wage and social debts -€4,018
down €4,018 (-23.1%), from €17,357 to €13,339
of which Remuneration and social security: -€7,097
- Staff costs -€35,319
down €35,319 (-33.2%), from €106,265 to €70,946
- Depreciation +€15,127
up €15,127 (+100%), from €15,060 to €30,187
- Gross operating margin +€1,885
up €1,885 (+7.3%), from -€25,808 to -€23,923
- Financial charges +€600
up €600 (+20.9%), from €2,871 to €3,471
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,936 | €148,310 | -€13,626 | -8.4% |
| Formation expenses | 20 | €130,892 | €101,787 | -€29,105 | -22.2% |
| Fixed assets | 21/28 | €3,072 | €4,199 | +€1,127 | +36.7% |
| Tangible fixed assets | 22/27 | €3,072 | €4,199 | +€1,127 | +36.7% |
| Plant, machinery and equipment | 23 | €3,072 | €4,199 | +€1,127 | +36.7% |
| Current assets | 29/58 | €27,972 | €42,324 | +€14,352 | +51.3% |
| Amounts receivable within one year | 40/41 | €12,170 | €13,482 | +€1,312 | +10.8% |
| Trade receivables | 40 | €12,170 | €11,951 | -€219 | -1.8% |
| Other amounts receivable | 41 | - | €1,531 | +€1,531 | |
| Cash at bank and in hand | 54/58 | €15,498 | €25,433 | +€9,935 | +64.1% |
| Deferred charges and accrued income | 490/1 | €304 | €3,409 | +€3,105 | +1,021% |
| Total equity and liabilities | 10/49 | €161,936 | €148,310 | -€13,626 | -8.4% |
| Equity | 10/15 | €166 | -€128,879 | -€129,045 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,834 | -€133,879 | -€129,045 | -2,669% |
| Amounts payable | 17/49 | €161,770 | €277,189 | +€115,419 | +71.3% |
| Amounts payable within one year | 42/48 | €161,770 | €277,189 | +€115,419 | +71.3% |
| Trade debts | 44 | €4,413 | €22,875 | +€18,462 | +418% |
| Suppliers | 440/4 | €4,413 | €22,875 | +€18,462 | +418% |
| Advances received on contracts in progress | 46 | - | €60,975 | +€60,975 | |
| Taxes, remuneration and social security | 45 | €17,357 | €13,339 | -€4,018 | -23.1% |
| Taxes | 450/3 | €980 | €4,059 | +€3,079 | +314% |
| Remuneration and social security | 454/9 | €16,378 | €9,280 | -€7,097 | -43.3% |
| Other amounts payable | 47/48 | €140,000 | €180,000 | +€40,000 | +28.6% |
| Remuneration, social security and pensions | 62 | €106,265 | €70,946 | -€35,319 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,060 | €30,187 | +€15,127 | +100% |
| Other operating charges | 640/8 | €409 | €428 | +€19 | +4.6% |
| Operating charges capitalised as restructuring costs | 649 | -€145,524 | - | +€145,524 | |
| Gross operating margin | 9900 | -€25,808 | -€23,923 | +€1,885 | +7.3% |
| Operating profit (loss) | 9901 | -€2,019 | -€125,485 | -€123,466 | -6,117% |
| Financial income | 75/76B | €168 | - | -€168 | |
| Recurring financial income | 75 | €168 | - | -€168 | |
| Financial charges | 65/66B | €2,871 | €3,471 | +€600 | +20.9% |
| Recurring financial charges | 65 | €2,871 | €3,471 | +€600 | +20.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,721 | -€128,955 | -€124,235 | -2,632% |
| Income taxes | 67/77 | €113 | €90 | -€24 | -21.0% |
| Profit (loss) for the period | 9904 | -€4,834 | -€129,045 | -€124,211 | -2,569% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,834 | -€129,045 | -€124,211 | -2,569% |
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 19 October 2026 via checked.be.