CUMERCO: 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.
CUMERCO
Largest movements
- Cash -€4,908
down €4,908 (-60.4%), from €8,131 to €3,222
mainly Short-term financial debts (-€23,500) and Contributions, distributions and other (-€7,000)
- Receivables within one year +€1,543
up €1,543 (+8.5%), from €18,088 to €19,632
of which Trade receivables: +€1,542
- Short-term financial debts -€23,500
no longer reported in 2025 (was €23,500)
- Other debts +€10,416
new in 2025: €10,416
- Trade debts +€8,408
up €8,408 (+43.0%), from €19,533 to €27,941
- Contributions -€7,000
down €7,000 (-70.0%), from €10,000 to €3,000
- Tax, wage and social debts +€5,401
up €5,401 (+197%), from €2,735 to €8,136
of which Taxes: +€5,921
- Staff costs +€5,011
up €5,011 (+180%), from €2,789 to €7,800
- Other operating charges +€1,984
up €1,984 (+214%), from €928 to €2,912
- Taxes +€1,210
up €1,210 (+88.8%), from €1,363 to €2,574
- Depreciation -€799
down €799 (-63.2%), from €1,263 to €464
- Financial charges -€790
down €790 (-22.5%), from €3,513 to €2,724
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 | €63,925 | €60,095 | -€3,830 | -6.0% |
| Fixed assets | 21/28 | €706 | €241 | -€464 | -65.8% |
| Tangible fixed assets | 22/27 | €706 | €241 | -€464 | -65.8% |
| Plant, machinery and equipment | 23 | €444 | €241 | -€203 | -45.7% |
| Furniture and vehicles | 24 | €261 | - | -€261 | |
| Current assets | 29/58 | €63,219 | €59,854 | -€3,365 | -5.3% |
| Stocks and contracts in progress | 3 | €37,000 | €37,000 | = | 0.0% |
| Stocks | 30/36 | €37,000 | €37,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,088 | €19,632 | +€1,543 | +8.5% |
| Trade receivables | 40 | €16,452 | €17,994 | +€1,542 | +9.4% |
| Other amounts receivable | 41 | €1,637 | €1,638 | +€1 | +0.1% |
| Cash at bank and in hand | 54/58 | €8,131 | €3,222 | -€4,908 | -60.4% |
| Total equity and liabilities | 10/49 | €63,925 | €60,095 | -€3,830 | -6.0% |
| Equity | 10/15 | €17,843 | €13,535 | -€4,308 | -24.1% |
| Contributions | 10/11 | €10,000 | €3,000 | -€7,000 | -70.0% |
| Reserves | 13 | €14,566 | €14,566 | = | 0.0% |
| Distributable reserves | 133 | €14,566 | €14,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,723 | -€4,031 | +€2,692 | +40.0% |
| Amounts payable | 17/49 | €46,082 | €46,560 | +€478 | +1.0% |
| Amounts payable within one year | 42/48 | €45,768 | €46,493 | +€725 | +1.6% |
| Financial debts | 43 | €23,500 | - | -€23,500 | |
| Credit institutions | 430/8 | €23,500 | - | -€23,500 | |
| Trade debts | 44 | €19,533 | €27,941 | +€8,408 | +43.0% |
| Suppliers | 440/4 | €19,533 | €27,941 | +€8,408 | +43.0% |
| Taxes, remuneration and social security | 45 | €2,735 | €8,136 | +€5,401 | +197% |
| Taxes | 450/3 | €1,612 | €7,533 | +€5,921 | +367% |
| Remuneration and social security | 454/9 | €1,124 | €603 | -€521 | -46.3% |
| Other amounts payable | 47/48 | - | €10,416 | +€10,416 | |
| Accrued charges and deferred income | 492/3 | €314 | €67 | -€247 | -78.6% |
| Remuneration, social security and pensions | 62 | €2,789 | €7,800 | +€5,011 | +180% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,263 | €464 | -€799 | -63.2% |
| Other operating charges | 640/8 | €928 | €2,912 | +€1,984 | +214% |
| Non-recurring operating charges | 66A | €575 | - | -€575 | |
| Gross operating margin | 9900 | €19,407 | €19,158 | -€248 | -1.3% |
| Operating profit (loss) | 9901 | €13,851 | €7,982 | -€5,869 | -42.4% |
| Financial income | 75/76B | €3 | €7 | +€4 | +142% |
| Recurring financial income | 75 | €3 | €7 | +€4 | +142% |
| Financial charges | 65/66B | €3,513 | €2,724 | -€790 | -22.5% |
| Recurring financial charges | 65 | €3,513 | €2,724 | -€790 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €10,341 | €5,266 | -€5,075 | -49.1% |
| Income taxes | 67/77 | €1,363 | €2,574 | +€1,210 | +88.8% |
| Profit (loss) for the period | 9904 | €8,978 | €2,692 | -€6,286 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,978 | €2,692 | -€6,286 | -70.0% |
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 18 October 2026 via checked.be.