CUMMINS: 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.
What changed
CUMMINS
NACE 46.720, Wholesale of motor vehicle parts and accessories
financial year 2025 compared with 2022not consecutivefiled annual accounts (NBB)
Net result for the year
€13.8m
2022 · €71.4m-€57.5m
Equity
€186.7m
2022 · €421.3m-€234.6m
Cash
€202.1m
2022 · €377.8m-€175.7m
Balance sheet total
€577.8m
2022 · €692.6m-€114.8m
Largest movements
Assets
- Cash -€175.7m
down €175.7m (-46.5%), from €377.8m to €202.1m
- Receivables within one year +€55.9m
up €55.9m (+31.0%), from €180.6m to €236.5m
of which Trade receivables: +€43.7m
- Financial fixed assets +€23.9m
up €23.9m (+3,228%), from €739,136 to €24.6m
- Stocks and contracts -€19.7m
down €19.7m (-16.0%), from €123.1m to €103.4m
Equity and liabilities
- Profit (loss) carried forward -€234.6m
down €234.6m (-58.5%), from €401.2m to €166.6m
- Other debts +€149.4m
up €149.4m (+27,135%), from €550,772 to €150.0m
- Tax, wage and social debts -€21.0m
down €21.0m (-66.3%), from €31.7m to €10.7m
of which Taxes: -€22.2m
- Trade debts -€17.2m
down €17.2m (-7.9%), from €217.0m to €199.7m
- Accrued charges and deferred income +€8.8m
up €8.8m (+40.4%), from €21.9m to €30.7m
Income statement
- Financial charges +€35.7m
up €35.7m (+11,478%), from €311,372 to €36.0m
- Goods and materials +€19.6m
up €19.6m (+2.9%), from €680.3m to €699.9m
of which Change in stocks: decrease (increase): +€19.6m
- Taxes -€18.9m
down €18.9m (-73.7%), from €25.7m to €6.8m
- Financial income -€11.3m
down €11.3m (-55.3%), from €20.4m to €9.1m
From the 2022 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.
Result 2022
€71.4m
Turnover
-€4.4m
Other operating income
-€7.2m
Goods and materials
-€19.6m
Services and other goods
+€8.2m
Staff costs
-€7.7m
Depreciation
-€383,412
Write-downs
+€1.9m
Other operating charges
-€377,337
Financial income
-€11.3m
Financial charges
-€35.7m
Taxes
+€18.9m
Result 2025
€13.8m
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €692,586,535 | €577,823,147 | -€114.8m | -16.6% |
| Fixed assets | 21/28 | €7,411,115 | €29,059,849 | +€21.6m | +292% |
| Tangible fixed assets | 22/27 | €6,671,979 | €4,462,930 | -€2.2m | -33.1% |
| Land and buildings | 22 | €314,866 | €238,804 | -€76,062 | -24.2% |
| Plant, machinery and equipment | 23 | €3,204,922 | €2,572,678 | -€632,244 | -19.7% |
| Furniture and vehicles | 24 | €1,041,661 | €353,165 | -€688,496 | -66.1% |
| Other tangible fixed assets | 26 | €1,591,450 | €345,684 | -€1.2m | -78.3% |
| Assets under construction and advance payments | 27 | €519,080 | €952,599 | +€433,519 | +83.5% |
| Financial fixed assets | 28 | €739,136 | €24,596,919 | +€23.9m | +3,228% |
| Affiliated companies | 280/1 | €739,136 | €24,596,919 | +€23.9m | +3,228% |
| Participating interests | 280 | €739,136 | €24,596,919 | +€23.9m | +3,228% |
| Current assets | 29/58 | €685,175,420 | €548,763,298 | -€136.4m | -19.9% |
| Stocks and contracts in progress | 3 | €123,074,198 | €103,414,226 | -€19.7m | -16.0% |
| Stocks | 30/36 | €123,074,198 | €103,414,226 | -€19.7m | -16.0% |
| Goods purchased for resale | 34 | €123,074,198 | €103,414,226 | -€19.7m | -16.0% |
| Amounts receivable within one year | 40/41 | €180,568,716 | €236,476,540 | +€55.9m | +31.0% |
| Trade receivables | 40 | €177,717,005 | €221,417,536 | +€43.7m | +24.6% |
| Other amounts receivable | 41 | €2,851,711 | €15,059,004 | +€12.2m | +428% |
| Cash at bank and in hand | 54/58 | €377,847,120 | €202,134,003 | -€175.7m | -46.5% |
| Deferred charges and accrued income | 490/1 | €3,685,386 | €6,738,529 | +€3.1m | +82.8% |
| Total equity and liabilities | 10/49 | €692,586,535 | €577,823,147 | -€114.8m | -16.6% |
| Equity | 10/15 | €421,284,352 | €186,708,732 | -€234.6m | -55.7% |
| Contributions | 10/11 | €18,276,552 | €18,276,552 | = | 0.0% |
| Capital | 10 | €18,276,552 | €18,276,552 | = | 0.0% |
| Issued capital | 100 | €18,276,552 | €18,276,552 | = | 0.0% |
| Reserves | 13 | €1,827,655 | €1,827,656 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €1,827,655 | €1,827,656 | +€1 | 0.0% |
| Legal reserve | 130 | €1,827,655 | €1,827,656 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | €401,180,145 | €166,604,524 | -€234.6m | -58.5% |
| Amounts payable | 17/49 | €271,302,183 | €391,114,415 | +€119.8m | +44.2% |
| Amounts payable within one year | 42/48 | €249,442,922 | €360,418,075 | +€111.0m | +44.5% |
| Trade debts | 44 | €216,984,108 | €199,742,986 | -€17.2m | -7.9% |
| Suppliers | 440/4 | €216,984,108 | €199,742,986 | -€17.2m | -7.9% |
| Advances received on contracts in progress | 46 | €230,415 | €8,734 | -€221,681 | -96.2% |
| Taxes, remuneration and social security | 45 | €31,677,627 | €10,666,354 | -€21.0m | -66.3% |
| Taxes | 450/3 | €27,348,758 | €5,151,017 | -€22.2m | -81.2% |
| Remuneration and social security | 454/9 | €4,328,869 | €5,515,337 | +€1.2m | +27.4% |
| Other amounts payable | 47/48 | €550,772 | €150,000,001 | +€149.4m | +27,135% |
| Accrued charges and deferred income | 492/3 | €21,859,261 | €30,696,340 | +€8.8m | +40.4% |
| Operating income | 70/76A | €841,139,490 | €829,588,342 | -€11.6m | -1.4% |
| Turnover | 70 | €824,326,969 | €819,961,075 | -€4.4m | -0.5% |
| Other operating income | 74 | €16,812,521 | €9,627,267 | -€7.2m | -42.7% |
| Operating charges | 60/66A | €764,096,430 | €782,033,841 | +€17.9m | +2.3% |
| Goods for resale, raw materials and consumables | 60 | €680,318,172 | €699,885,244 | +€19.6m | +2.9% |
| Purchases | 600/8 | €684,666,954 | €684,638,176 | -€28,778 | 0.0% |
| Change in stocks: decrease (increase) | 609 | -€4,348,782 | €15,247,068 | +€19.6m | |
| Services and other goods | 61 | €54,942,346 | €46,772,427 | -€8.2m | -14.9% |
| Remuneration, social security and pensions | 62 | €23,024,327 | €30,727,916 | +€7.7m | +33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,373,780 | €1,757,192 | +€383,412 | +27.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,253,401 | €2,329,321 | -€1.9m | -45.2% |
| Other operating charges | 640/8 | €184,404 | €561,741 | +€377,337 | +205% |
| Operating profit (loss) | 9901 | €77,043,060 | €47,554,501 | -€29.5m | -38.3% |
| Financial income | 75/76B | €20,364,123 | €9,108,230 | -€11.3m | -55.3% |
| Recurring financial income | 75 | €20,364,123 | €9,108,230 | -€11.3m | -55.3% |
| Income from current assets | 751 | €4,880,338 | €9,108,230 | +€4.2m | +86.6% |
| Other financial income | 752/9 | €15,483,785 | - | -€15.5m | |
| Financial charges | 65/66B | €311,372 | €36,049,566 | +€35.7m | +11,478% |
| Recurring financial charges | 65 | €311,372 | €36,049,566 | +€35.7m | +11,478% |
| Debt charges | 650 | €172,533 | - | -€172,533 | |
| Other financial charges | 652/9 | €138,839 | €36,049,566 | +€35.9m | +25,865% |
| Profit (loss) for the period before taxes | 9903 | €97,095,811 | €20,613,165 | -€76.5m | -78.8% |
| Income taxes | 67/77 | €25,711,320 | €6,771,776 | -€18.9m | -73.7% |
| Taxes | 670/3 | €25,711,320 | €6,771,776 | -€18.9m | -73.7% |
| Profit (loss) for the period | 9904 | €71,384,491 | €13,841,389 | -€57.5m | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,384,491 | €13,841,389 | -€57.5m | -80.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.