CUMUL: 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.
CUMUL
Largest movements
- Tangible fixed assets -€10,049
down €10,049 (-2.0%), from €513,113 to €503,064
- Short-term financial debts -€22,000
down €22,000 (-33.3%), from €66,000 to €44,000
- Profit (loss) carried forward +€16,319
up €16,319 (+85.2%), from €19,155 to €35,474
- Depreciation +€3,325
up €3,325 (+18.8%), from €17,732 to €21,057
- Taxes -€2,869
down €2,869 (-27.3%), from €10,518 to €7,649
- Purchases and services +€2,264
up €2,264 (+128.4%), from €1,763 to €4,027
From the 2010 result to the 2011 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.
Cash bridge derived
Derived from the 2010 and 2011 balance sheets and the 2011 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €532,653 | €526,684 | -€5,969 | -1.1% |
| Fixed assets | 21/28 | €513,113 | €503,064 | -€10,049 | -2.0% |
| Tangible fixed assets | 22/27 | €513,113 | €503,064 | -€10,049 | -2.0% |
| Land and buildings | 22 | €513,113 | €503,064 | -€10,049 | -2.0% |
| Current assets | 29/58 | €19,540 | €23,620 | +€4,080 | +20.9% |
| Amounts receivable within one year | 40/41 | - | €5,000 | +€5,000 | |
| Trade receivables | 40 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €19,540 | €18,620 | -€920 | -4.7% |
| Total equity and liabilities | 10/49 | €532,653 | €526,684 | -€5,969 | -1.1% |
| Equity | 10/15 | €89,155 | €107,374 | +€18,219 | +20.4% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | - | €1,900 | +€1,900 | |
| Legal reserve | 130 | - | €1,900 | +€1,900 | |
| Profit (loss) carried forward | 14 | €19,155 | €35,474 | +€16,319 | +85.2% |
| Amounts payable | 17/49 | €443,498 | €419,310 | -€24,188 | -5.5% |
| Amounts payable within one year | 42/48 | €440,437 | €416,330 | -€24,107 | -5.5% |
| Financial debts | 43 | €66,000 | €44,000 | -€22,000 | -33.3% |
| Credit institutions | 430/8 | €66,000 | €44,000 | -€22,000 | -33.3% |
| Trade debts | 44 | €844 | €1,604 | +€760 | +90.0% |
| Suppliers | 440/4 | €844 | €1,604 | +€760 | +90.0% |
| Taxes, remuneration and social security | 45 | €10,514 | €7,646 | -€2,868 | -27.3% |
| Taxes | 450/3 | €10,514 | €7,646 | -€2,868 | -27.3% |
| Other amounts payable | 47/48 | €363,079 | €363,080 | +€1 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,061 | €2,980 | -€81 | -2.6% |
| Turnover | 70 | €52,036 | €52,311 | +€275 | +0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,763 | €4,027 | +€2,264 | +128.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,732 | €21,057 | +€3,325 | +18.8% |
| Other operating charges | 640/8 | €4,025 | €4,030 | +€5 | +0.1% |
| Gross operating margin | 9900 | €52,497 | €52,190 | -€307 | -0.6% |
| Operating profit (loss) | 9901 | €30,740 | €27,103 | -€3,637 | -11.8% |
| Recurring financial income | 75 | €23 | €19 | -€4 | -17.4% |
| Recurring financial charges | 65 | €1,697 | €1,254 | -€443 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €35,341 | €25,868 | -€9,473 | -26.8% |
| Income taxes | 67/77 | €10,518 | €7,649 | -€2,869 | -27.3% |
| Profit (loss) for the period | 9904 | €24,823 | €18,219 | -€6,604 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,823 | €18,219 | -€6,604 | -26.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2010 and 30 June 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.