CUMALA: 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.
CUMALA
Largest movements
- Cash -€74,150
down €74,150 (-99.7%), from €74,387 to €237
mainly Trade debts (-€118,800) and Net result for the year (-€18,973)
- Receivables within one year -€70,316
down €70,316 (-96.9%), from €72,600 to €2,284
of which Trade receivables: -€72,600
- Tangible fixed assets -€23,552
down €23,552 (-21.9%), from €107,726 to €84,174
of which Plant, machinery and equipment: -€23,552
- Trade debts -€118,800
down €118,800 (-96.0%), from €123,795 to €4,995
of which Suppliers: -€118,800
- Profit (loss) carried forward -€18,973
down €18,973, from €179 to -€18,794
- Other debts -€14,397
down €14,397 (-30.6%), from €47,022 to €32,625
- Debts after one year -€9,900
down €9,900 (-100%), from €9,900 to €0
- Reserves -€2,724
down €2,724 (-100%), from €2,724 to €0
- Gross operating margin -€56,835
down €56,835, from €54,679 to -€2,156
- Depreciation +€4,430
up €4,430 (+44.3%), from €9,996 to €14,426
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 | €255,551 | €88,022 | -€167,529 | -65.6% |
| Fixed assets | 21/28 | €107,726 | €84,174 | -€23,552 | -21.9% |
| Tangible fixed assets | 22/27 | €107,726 | €84,174 | -€23,552 | -21.9% |
| Plant, machinery and equipment | 23 | €107,726 | €84,174 | -€23,552 | -21.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €147,826 | €3,848 | -€143,977 | -97.4% |
| Stocks and contracts in progress | 3 | €839 | €1,327 | +€489 | +58.3% |
| Stocks | 30/36 | €839 | €1,327 | +€489 | +58.3% |
| Amounts receivable within one year | 40/41 | €72,600 | €2,284 | -€70,316 | -96.9% |
| Trade receivables | 40 | €72,600 | €0 | -€72,600 | -100% |
| Other amounts receivable | 41 | €0 | €2,284 | +€2,284 | |
| Cash at bank and in hand | 54/58 | €74,387 | €237 | -€74,150 | -99.7% |
| Total equity and liabilities | 10/49 | €255,551 | €88,022 | -€167,529 | -65.6% |
| Equity | 10/15 | €12,199 | -€9,498 | -€21,697 | |
| Contributions | 10/11 | €9,296 | €9,296 | = | 0.0% |
| Reserves | 13 | €2,724 | €0 | -€2,724 | -100% |
| Tax-exempt reserves | 132 | €2,724 | €0 | -€2,724 | -100% |
| Profit (loss) carried forward | 14 | €179 | -€18,794 | -€18,973 | |
| Provisions and deferred taxes | 16 | €698 | €0 | -€698 | -100% |
| Deferred taxes | 168 | €698 | €0 | -€698 | -100% |
| Amounts payable | 17/49 | €242,654 | €97,520 | -€145,134 | -59.8% |
| Amounts payable after more than one year | 17 | €9,900 | €0 | -€9,900 | -100% |
| Financial debts | 170/4 | €9,900 | €0 | -€9,900 | -100% |
| Amounts payable within one year | 42/48 | €232,754 | €97,520 | -€135,234 | -58.1% |
| Current portion of amounts payable after more than one year | 42 | €9,900 | €9,900 | = | 0.0% |
| Trade debts | 44 | €123,795 | €4,995 | -€118,800 | -96.0% |
| Suppliers | 440/4 | €123,012 | €4,213 | -€118,800 | -96.6% |
| Bills of exchange payable | 441 | €783 | €783 | = | 0.0% |
| Advances received on contracts in progress | 46 | €50,000 | €50,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,037 | €0 | -€2,037 | -100% |
| Taxes | 450/3 | €2,037 | €0 | -€2,037 | -100% |
| Other amounts payable | 47/48 | €47,022 | €32,625 | -€14,397 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,996 | €14,426 | +€4,430 | +44.3% |
| Other operating charges | 640/8 | €384 | €417 | +€33 | +8.6% |
| Non-recurring operating charges | 66A | - | €4,994 | +€4,994 | |
| Gross operating margin | 9900 | €54,679 | -€2,156 | -€56,835 | |
| Operating profit (loss) | 9901 | €44,299 | -€21,994 | -€66,292 | |
| Financial charges | 65/66B | €485 | €402 | -€83 | -17.1% |
| Recurring financial charges | 65 | €485 | €402 | -€83 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €43,814 | -€22,395 | -€66,210 | |
| Transfer from deferred taxes | 780 | €3,430 | €3,422 | -€7 | -0.2% |
| Profit (loss) for the period | 9904 | €47,244 | -€18,973 | -€66,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,244 | -€18,973 | -€66,217 |
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 26 October 2026 via checked.be.