CUMA DU BAILLY: 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 DU BAILLY
Largest movements
- Tangible fixed assets +€471,877
up €471,877 (+89.2%), from €529,294 to €1.0m
of which Plant, machinery and equipment: +€472,154
- Cash -€81,859
down €81,859 (-79.4%), from €103,071 to €21,212
mainly Investment in fixed assets (net) (-€616,964) and Trade debts (-€259,635)
- Receivables within one year +€79,840
up €79,840 (+118%), from €67,781 to €147,620
of which Trade receivables: +€130,373
- Debts after one year +€495,804
up €495,804 (+377%), from €131,429 to €627,233
- Trade debts -€259,635
down €259,635 (-99.8%), from €260,059 to €424
- Investment grants +€109,010
up €109,010 (+291%), from €37,413 to €146,423
- Current portion of long-term debt +€86,232
up €86,232 (+299%), from €28,857 to €115,089
- Advances received +€32,000
new in 2025: €32,000
- Depreciation +€69,045
up €69,045 (+90.8%), from €76,042 to €145,087
- Gross operating margin +€55,135
up €55,135 (+56.4%), from €97,722 to €152,857
- Financial charges +€21,096
up €21,096 (+996%), from €2,117 to €23,214
- Financial income +€13,150
up €13,150 (+172%), from €7,625 to €20,775
- Taxes -€2,000
down €2,000 (-81.3%), from €2,460 to €460
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 | €711,654 | €1,179,247 | +€467,593 | +65.7% |
| Fixed assets | 21/28 | €529,294 | €1,001,171 | +€471,877 | +89.2% |
| Tangible fixed assets | 22/27 | €529,294 | €1,001,171 | +€471,877 | +89.2% |
| Plant, machinery and equipment | 23 | €529,017 | €1,001,171 | +€472,154 | +89.3% |
| Furniture and vehicles | 24 | €277 | - | -€277 | |
| Current assets | 29/58 | €182,360 | €178,076 | -€4,284 | -2.3% |
| Stocks and contracts in progress | 3 | €8,304 | €6,326 | -€1,978 | -23.8% |
| Stocks | 30/36 | €8,304 | €6,326 | -€1,978 | -23.8% |
| Amounts receivable within one year | 40/41 | €67,781 | €147,620 | +€79,840 | +118% |
| Trade receivables | 40 | €12,389 | €142,762 | +€130,373 | +1,052% |
| Other amounts receivable | 41 | €55,392 | €4,858 | -€50,534 | -91.2% |
| Cash at bank and in hand | 54/58 | €103,071 | €21,212 | -€81,859 | -79.4% |
| Deferred charges and accrued income | 490/1 | €3,205 | €2,918 | -€287 | -8.9% |
| Total equity and liabilities | 10/49 | €711,654 | €1,179,247 | +€467,593 | +65.7% |
| Equity | 10/15 | €150,370 | €264,061 | +€113,691 | +75.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €42,610 | €47,210 | +€4,600 | +10.8% |
| Distributable reserves | 133 | €42,610 | €47,210 | +€4,600 | +10.8% |
| Profit (loss) carried forward | 14 | €64,142 | €64,223 | +€81 | +0.1% |
| Investment grants | 15 | €37,413 | €146,423 | +€109,010 | +291% |
| Amounts payable | 17/49 | €561,284 | €915,186 | +€353,902 | +63.1% |
| Amounts payable after more than one year | 17 | €131,429 | €627,233 | +€495,804 | +377% |
| Financial debts | 170/4 | €131,429 | €627,233 | +€495,804 | +377% |
| Amounts payable within one year | 42/48 | €429,855 | €287,952 | -€141,903 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €28,857 | €115,089 | +€86,232 | +299% |
| Trade debts | 44 | €260,059 | €424 | -€259,635 | -99.8% |
| Suppliers | 440/4 | €260,059 | €424 | -€259,635 | -99.8% |
| Advances received on contracts in progress | 46 | - | €32,000 | +€32,000 | |
| Taxes, remuneration and social security | 45 | €2,674 | €674 | -€2,000 | -74.8% |
| Taxes | 450/3 | €2,674 | €674 | -€2,000 | -74.8% |
| Other amounts payable | 47/48 | €138,265 | €139,765 | +€1,500 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,042 | €145,087 | +€69,045 | +90.8% |
| Other operating charges | 640/8 | €128 | €191 | +€63 | +49.5% |
| Gross operating margin | 9900 | €97,722 | €152,857 | +€55,135 | +56.4% |
| Operating profit (loss) | 9901 | €21,552 | €7,579 | -€13,973 | -64.8% |
| Financial income | 75/76B | €7,625 | €20,775 | +€13,150 | +172% |
| Recurring financial income | 75 | €7,625 | €20,775 | +€13,150 | +172% |
| Financial charges | 65/66B | €2,117 | €23,214 | +€21,096 | +996% |
| Recurring financial charges | 65 | €2,117 | €23,214 | +€21,096 | +996% |
| Profit (loss) for the period before taxes | 9903 | €27,060 | €5,141 | -€21,919 | -81.0% |
| Income taxes | 67/77 | €2,460 | €460 | -€2,000 | -81.3% |
| Profit (loss) for the period | 9904 | €24,600 | €4,681 | -€19,919 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,600 | €4,681 | -€19,919 | -81.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.