CUMA FAGNOUR: what changed
CUMA FAGNOUR
Largest movements
- Receivables within one year -€8,024
down €8,024 (-47.3%), from €16,947 to €8,923
of which Trade receivables: -€8,120
- Tangible fixed assets -€5,371
down €5,371 (-20.2%), from €26,529 to €21,158
of which Furniture and vehicles: -€5,300
- Cash +€1,236
up €1,236 (+787%), from €157 to €1,393
mainly Depreciation (+€10,371) and Receivables within one year (+€8,024)
- Debts after one year -€7,871
down €7,871 (-82.1%), from €9,587 to €1,716
- Current portion of long-term debt -€2,500
down €2,500 (-23.1%), from €10,800 to €8,300
- Profit (loss) carried forward -€1,112
down €1,112 (-93.7%), from -€1,187 to -€2,299
- Trade debts -€862
down €862 (-15.1%), from €5,710 to €4,848
- Gross operating margin -€2,008
down €2,008 (-16.3%), from €12,293 to €10,285
- Purchases and services +€1,833
up €1,833 (+24.9%), from €7,356 to €9,189
- Other operating charges -€1,694
down €1,694 (-80.9%), from €2,093 to €399
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 | €43,633 | €31,474 | -€12,159 | -27.9% |
| Fixed assets | 21/28 | €26,529 | €21,158 | -€5,371 | -20.2% |
| Tangible fixed assets | 22/27 | €26,529 | €21,158 | -€5,371 | -20.2% |
| Plant, machinery and equipment | 23 | €15,929 | €15,858 | -€71 | -0.4% |
| Furniture and vehicles | 24 | €10,600 | €5,300 | -€5,300 | -50.0% |
| Current assets | 29/58 | €17,104 | €10,316 | -€6,788 | -39.7% |
| Amounts receivable within one year | 40/41 | €16,947 | €8,923 | -€8,024 | -47.3% |
| Trade receivables | 40 | €16,947 | €8,827 | -€8,120 | -47.9% |
| Other amounts receivable | 41 | - | €96 | +€96 | |
| Cash at bank and in hand | 54/58 | €157 | €1,393 | +€1,236 | +787% |
| Total equity and liabilities | 10/49 | €43,633 | €31,474 | -€12,159 | -27.9% |
| Equity | 10/15 | €16,873 | €15,761 | -€1,112 | -6.6% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,187 | -€2,299 | -€1,112 | -93.7% |
| Amounts payable | 17/49 | €26,760 | €15,713 | -€11,047 | -41.3% |
| Amounts payable after more than one year | 17 | €9,587 | €1,716 | -€7,871 | -82.1% |
| Financial debts | 170/4 | €9,587 | €1,716 | -€7,871 | -82.1% |
| Amounts payable within one year | 42/48 | €17,173 | €13,997 | -€3,176 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €10,800 | €8,300 | -€2,500 | -23.1% |
| Trade debts | 44 | €5,710 | €4,848 | -€862 | -15.1% |
| Suppliers | 440/4 | €5,710 | €4,848 | -€862 | -15.1% |
| Taxes, remuneration and social security | 45 | €44 | - | -€44 | |
| Taxes | 450/3 | €44 | - | -€44 | |
| Other amounts payable | 47/48 | €619 | €849 | +€230 | +37.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,356 | €9,189 | +€1,833 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,371 | €10,371 | = | 0.0% |
| Other operating charges | 640/8 | €2,093 | €399 | -€1,694 | -80.9% |
| Gross operating margin | 9900 | €12,293 | €10,285 | -€2,008 | -16.3% |
| Operating profit (loss) | 9901 | -€171 | -€485 | -€314 | -184% |
| Financial charges | 65/66B | €593 | €627 | +€34 | +5.7% |
| Recurring financial charges | 65 | €593 | €627 | +€34 | +5.7% |
| Profit (loss) for the period before taxes | 9903 | -€764 | -€1,112 | -€348 | -45.5% |
| Profit (loss) for the period | 9904 | -€764 | -€1,112 | -€348 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€764 | -€1,112 | -€348 | -45.5% |
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 2 November 2026 via checked.be.