CUMA DES FRONTIERES: what changed
CUMA DES FRONTIERES
Largest movements
- Receivables within one year +€103,379
up €103,379 (+5,067%), from €2,040 to €105,419
of which Trade receivables: +€96,025
- Cash -€19,912
down €19,912 (-79.0%), from €25,216 to €5,304
mainly Receivables within one year (-€103,379) and Investment in fixed assets (net) (-€37,500)
- Tangible fixed assets -€3,657
down €3,657 (-5.5%), from €66,636 to €62,978
- Trade debts +€69,541
up €69,541 (+946%), from €7,347 to €76,888
- Debts after one year +€12,786
up €12,786 (+55.1%), from €23,214 to €36,000
- Current portion of long-term debt -€8,929
down €8,929 (-26.5%), from €33,643 to €24,714
- Profit (loss) carried forward +€8,864
up €8,864 (+60.2%), from €14,729 to €23,593
- Other debts -€3,600
down €3,600 (-73.4%), from €4,906 to €1,306
- Turnover -€80,990
no longer reported in 2025 (was €80,990)
- Purchases and services -€39,531
no longer reported in 2025 (was €39,531)
- Gross operating margin +€9,880
up €9,880 (+23.8%), from €41,459 to €51,339
- Depreciation +€986
up €986 (+2.5%), from €40,171 to €41,157
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,891 | €173,701 | +€79,810 | +85.0% |
| Fixed assets | 21/28 | €66,636 | €62,978 | -€3,657 | -5.5% |
| Tangible fixed assets | 22/27 | €66,636 | €62,978 | -€3,657 | -5.5% |
| Plant, machinery and equipment | 23 | €66,636 | €62,978 | -€3,657 | -5.5% |
| Current assets | 29/58 | €27,256 | €110,723 | +€83,467 | +306% |
| Amounts receivable within one year | 40/41 | €2,040 | €105,419 | +€103,379 | +5,067% |
| Trade receivables | 40 | - | €96,025 | +€96,025 | |
| Other amounts receivable | 41 | €2,040 | €9,394 | +€7,354 | +360% |
| Cash at bank and in hand | 54/58 | €25,216 | €5,304 | -€19,912 | -79.0% |
| Total equity and liabilities | 10/49 | €93,891 | €173,701 | +€79,810 | +85.0% |
| Equity | 10/15 | €24,729 | €33,593 | +€8,864 | +35.8% |
| Contributions | 10/11 | €8,000 | €10,000 | +€2,000 | +25.0% |
| Reserves | 13 | €2,000 | - | -€2,000 | |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €14,729 | €23,593 | +€8,864 | +60.2% |
| Amounts payable | 17/49 | €69,163 | €140,108 | +€70,946 | +103% |
| Amounts payable after more than one year | 17 | €23,214 | €36,000 | +€12,786 | +55.1% |
| Financial debts | 170/4 | €23,214 | €36,000 | +€12,786 | +55.1% |
| Amounts payable within one year | 42/48 | €45,949 | €104,108 | +€58,160 | +127% |
| Current portion of amounts payable after more than one year | 42 | €33,643 | €24,714 | -€8,929 | -26.5% |
| Trade debts | 44 | €7,347 | €76,888 | +€69,541 | +946% |
| Suppliers | 440/4 | €7,347 | €76,888 | +€69,541 | +946% |
| Taxes, remuneration and social security | 45 | €52 | €1,200 | +€1,148 | +2,205% |
| Taxes | 450/3 | €52 | - | -€52 | |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | €4,906 | €1,306 | -€3,600 | -73.4% |
| Turnover | 70 | €80,990 | - | -€80,990 | |
| Goods, raw materials, services and sundry goods | 60/61 | €39,531 | - | -€39,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,171 | €41,157 | +€986 | +2.5% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €41,459 | €51,339 | +€9,880 | +23.8% |
| Operating profit (loss) | 9901 | €901 | €9,782 | +€8,882 | +986% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €829 | €940 | +€111 | +13.4% |
| Recurring financial charges | 65 | €829 | €940 | +€111 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €72 | €8,861 | +€8,788 | +12,162% |
| Profit (loss) for the period | 9904 | €72 | €8,861 | +€8,788 | +12,162% |
| Profit (loss) for the period to be appropriated | 9905 | €72 | €8,861 | +€8,788 | +12,162% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.