CUMA DES WARETS: 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.
CUMA DES WARETS
Largest movements
- Tangible fixed assets -€12,341
down €12,341 (-13.1%), from €94,066 to €81,725
of which Furniture and vehicles: -€14,830
- Cash -€2,976
down €2,976 (-35.1%), from €8,472 to €5,495
mainly Investment in fixed assets (net) (-€24,000) and Trade debts (-€11,012)
- Trade debts -€11,012
down €11,012 (-40.1%), from €27,440 to €16,428
- Reserves -€2,387
down €2,387 (-40.9%), from €5,835 to €3,448
of which Tax-exempt reserves: -€2,387
- Tax, wage and social debts -€1,358
down €1,358 (-39.5%), from €3,436 to €2,078
- Gross operating margin -€12,269
down €12,269 (-26.6%), from €46,045 to €33,776
- Depreciation -€1,408
down €1,408 (-3.7%), from €37,749 to €36,341
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 | €112,537 | €97,054 | -€15,483 | -13.8% |
| Fixed assets | 21/28 | €94,066 | €81,725 | -€12,341 | -13.1% |
| Tangible fixed assets | 22/27 | €94,066 | €81,725 | -€12,341 | -13.1% |
| Plant, machinery and equipment | 23 | €79,236 | €81,725 | +€2,489 | +3.1% |
| Furniture and vehicles | 24 | €14,830 | €0 | -€14,830 | -100% |
| Current assets | 29/58 | €18,471 | €15,329 | -€3,142 | -17.0% |
| Stocks and contracts in progress | 3 | €655 | €322 | -€332 | -50.8% |
| Stocks | 30/36 | €655 | €322 | -€332 | -50.8% |
| Amounts receivable within one year | 40/41 | €8,623 | €8,767 | +€144 | +1.7% |
| Trade receivables | 40 | €8,623 | €8,767 | +€144 | +1.7% |
| Cash at bank and in hand | 54/58 | €8,472 | €5,495 | -€2,976 | -35.1% |
| Deferred charges and accrued income | 490/1 | €721 | €745 | +€24 | +3.3% |
| Total equity and liabilities | 10/49 | €112,537 | €97,054 | -€15,483 | -13.8% |
| Equity | 10/15 | €25,281 | €22,964 | -€2,317 | -9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €5,835 | €3,448 | -€2,387 | -40.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,975 | €1,588 | -€2,387 | -60.0% |
| Profit (loss) carried forward | 14 | €13,246 | €13,316 | +€70 | +0.5% |
| Provisions and deferred taxes | 16 | €1,325 | €529 | -€796 | -60.0% |
| Deferred taxes | 168 | €1,325 | €529 | -€796 | -60.0% |
| Amounts payable | 17/49 | €85,931 | €73,561 | -€12,370 | -14.4% |
| Amounts payable within one year | 42/48 | €85,931 | €73,561 | -€12,370 | -14.4% |
| Trade debts | 44 | €27,440 | €16,428 | -€11,012 | -40.1% |
| Suppliers | 440/4 | €27,440 | €16,428 | -€11,012 | -40.1% |
| Taxes, remuneration and social security | 45 | €3,436 | €2,078 | -€1,358 | -39.5% |
| Taxes | 450/3 | €3,436 | €2,078 | -€1,358 | -39.5% |
| Other amounts payable | 47/48 | €55,055 | €55,055 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,749 | €36,341 | -€1,408 | -3.7% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €46,045 | €33,776 | -€12,269 | -26.6% |
| Operating profit (loss) | 9901 | €7,845 | -€3,030 | -€10,876 | |
| Financial charges | 65/66B | €65 | €62 | -€3 | -4.7% |
| Recurring financial charges | 65 | €65 | €62 | -€3 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €7,781 | -€3,092 | -€10,873 | |
| Transfer from deferred taxes | 780 | €819 | €796 | -€24 | -2.9% |
| Income taxes | 67/77 | €81 | €21 | -€60 | -74.2% |
| Profit (loss) for the period | 9904 | €8,519 | -€2,317 | -€10,836 | |
| Transfer from tax-exempt reserves | 789 | €2,458 | €2,387 | -€72 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,978 | €70 | -€10,908 | -99.4% |
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 14 October 2026 via checked.be.