Cumuco: 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.
Cumuco
Largest movements
- Cash -€88,095
down €88,095 (-65.6%), from €134,366 to €46,271
mainly Debts after one year (-€93,110) and Net result for the year (-€41,159)
- Stocks and contracts +€8,724
up €8,724 (+16.0%), from €54,404 to €63,128
- Receivables within one year +€6,548
up €6,548 (+23.5%), from €27,819 to €34,367
of which Trade receivables: +€8,901
- Deferred charges and accrued income -€2,364
down €2,364 (-77.3%), from €3,058 to €694
- Debts after one year -€93,110
down €93,110 (-26.2%), from €354,965 to €261,855
- Current portion of long-term debt +€64,048
up €64,048 (+241%), from €26,573 to €90,621
- Profit (loss) carried forward -€41,159
down €41,159 (-11.4%), from -€362,169 to -€403,328
- Trade debts -€16,828
down €16,828 (-58.7%), from €28,692 to €11,863
- Other debts +€9,680
up €9,680 (+176%), from €5,494 to €15,174
- Gross operating margin +€21,582
up €21,582 (+70.1%), from -€30,796 to -€9,215
- Write-downs -€20,277
no longer reported in 2025 (was €20,277)
- Depreciation +€440
up €440 (+13.4%), from €3,291 to €3,731
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 | €230,119 | €153,115 | -€77,004 | -33.5% |
| Fixed assets | 21/28 | €10,471 | €8,655 | -€1,816 | -17.3% |
| Tangible fixed assets | 22/27 | €10,471 | €8,655 | -€1,816 | -17.3% |
| Plant, machinery and equipment | 23 | €1,327 | €857 | -€470 | -35.4% |
| Furniture and vehicles | 24 | €9,144 | €7,798 | -€1,346 | -14.7% |
| Current assets | 29/58 | €219,648 | €144,460 | -€75,188 | -34.2% |
| Stocks and contracts in progress | 3 | €54,404 | €63,128 | +€8,724 | +16.0% |
| Stocks | 30/36 | €54,404 | €63,128 | +€8,724 | +16.0% |
| Amounts receivable within one year | 40/41 | €27,819 | €34,367 | +€6,548 | +23.5% |
| Trade receivables | 40 | €20,941 | €29,842 | +€8,901 | +42.5% |
| Other amounts receivable | 41 | €6,879 | €4,526 | -€2,353 | -34.2% |
| Cash at bank and in hand | 54/58 | €134,366 | €46,271 | -€88,095 | -65.6% |
| Deferred charges and accrued income | 490/1 | €3,058 | €694 | -€2,364 | -77.3% |
| Total equity and liabilities | 10/49 | €230,119 | €153,115 | -€77,004 | -33.5% |
| Equity | 10/15 | -€186,619 | -€227,778 | -€41,159 | -22.1% |
| Contributions | 10/11 | €175,550 | €175,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,169 | -€403,328 | -€41,159 | -11.4% |
| Amounts payable | 17/49 | €416,738 | €380,893 | -€35,845 | -8.6% |
| Amounts payable after more than one year | 17 | €354,965 | €261,855 | -€93,110 | -26.2% |
| Financial debts | 170/4 | €354,965 | €261,855 | -€93,110 | -26.2% |
| Amounts payable within one year | 42/48 | €61,774 | €119,038 | +€57,265 | +92.7% |
| Current portion of amounts payable after more than one year | 42 | €26,573 | €90,621 | +€64,048 | +241% |
| Financial debts | 43 | €526 | €45 | -€481 | -91.5% |
| Credit institutions | 430/8 | €526 | €45 | -€481 | -91.5% |
| Trade debts | 44 | €28,692 | €11,863 | -€16,828 | -58.7% |
| Suppliers | 440/4 | €28,692 | €11,863 | -€16,828 | -58.7% |
| Taxes, remuneration and social security | 45 | €489 | €1,335 | +€847 | +173% |
| Taxes | 450/3 | €489 | €1,335 | +€847 | +173% |
| Other amounts payable | 47/48 | €5,494 | €15,174 | +€9,680 | +176% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,291 | €3,731 | +€440 | +13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,277 | - | -€20,277 | |
| Other operating charges | 640/8 | €12,430 | €12,123 | -€307 | -2.5% |
| Gross operating margin | 9900 | -€30,796 | -€9,215 | +€21,582 | +70.1% |
| Operating profit (loss) | 9901 | -€66,794 | -€25,068 | +€41,725 | +62.5% |
| Financial income | 75/76B | €16 | €1 | -€15 | -91.6% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -91.6% |
| Financial charges | 65/66B | €15,984 | €16,091 | +€107 | +0.7% |
| Recurring financial charges | 65 | €15,984 | €16,091 | +€107 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€82,762 | -€41,159 | +€41,603 | +50.3% |
| Profit (loss) for the period | 9904 | -€82,762 | -€41,159 | +€41,603 | +50.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,762 | -€41,159 | +€41,603 | +50.3% |
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 28 October 2026 via checked.be.