CUMULUS: what changed
Two fiscal 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.
CUMULUS
Largest movements
- Tangible fixed assets -€172,778
down €172,778 (-6.4%), from €2.7m to €2.5m
- Cash +€89,722
up €89,722 (+847.0%), from €10,593 to €100,315
mainly Depreciation (+€177,594) and Net result for the year (+€83,303)
- Receivables within one year +€57,500
up €57,500 (+500.7%), from €11,483 to €68,983
of which Trade receivables: +€57,500
- Profit (loss) carried forward +€83,303
up €83,303 (+16.2%), from €514,824 to €598,127
- Other debts -€66,500
down €66,500 (-3.1%), from €2.1m to €2.1m
- Tax, wage and social debts -€33,636
down €33,636 (-92.4%), from €36,403 to €2,768
- Other operating charges -€10,588
down €10,588 (-49.1%), from €21,554 to €10,967
- Gross operating margin +€9,287
up €9,287 (+3.2%), from €290,549 to €299,835
- Taxes +€4,236
up €4,236 (+18.0%), from €23,535 to €27,772
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.
Cash bridge derived
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 | €2,708,421 | €2,682,878 | -€25,543 | -0.9% |
| Fixed assets | 21/28 | €2,686,027 | €2,513,249 | -€172,778 | -6.4% |
| Tangible fixed assets | 22/27 | €2,686,027 | €2,513,249 | -€172,778 | -6.4% |
| Land and buildings | 22 | €2,686,027 | €2,513,249 | -€172,778 | -6.4% |
| Current assets | 29/58 | €22,394 | €169,629 | +€147,235 | +657.5% |
| Amounts receivable within one year | 40/41 | €11,483 | €68,983 | +€57,500 | +500.7% |
| Trade receivables | 40 | - | €57,500 | +€57,500 | |
| Other amounts receivable | 41 | €11,483 | €11,483 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,593 | €100,315 | +€89,722 | +847.0% |
| Deferred charges and accrued income | 490/1 | €318 | €330 | +€13 | +4.0% |
| Total equity and liabilities | 10/49 | €2,708,421 | €2,682,878 | -€25,543 | -0.9% |
| Equity | 10/15 | €533,424 | €616,727 | +€83,303 | +15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €514,824 | €598,127 | +€83,303 | +16.2% |
| Amounts payable | 17/49 | €2,174,997 | €2,066,151 | -€108,846 | -5.0% |
| Amounts payable within one year | 42/48 | €2,174,997 | €2,066,151 | -€108,846 | -5.0% |
| Trade debts | 44 | €4,218 | €1,507 | -€2,711 | -64.3% |
| Suppliers | 440/4 | €4,218 | €1,507 | -€2,711 | -64.3% |
| Advances received on contracts in progress | 46 | €6,000 | - | -€6,000 | |
| Taxes, remuneration and social security | 45 | €36,403 | €2,768 | -€33,636 | -92.4% |
| Taxes | 450/3 | €36,403 | €2,768 | -€33,636 | -92.4% |
| Other amounts payable | 47/48 | €2,128,376 | €2,061,876 | -€66,500 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,768 | €177,594 | +€2,826 | +1.6% |
| Other operating charges | 640/8 | €21,554 | €10,967 | -€10,588 | -49.1% |
| Gross operating margin | 9900 | €290,549 | €299,835 | +€9,287 | +3.2% |
| Operating profit (loss) | 9901 | €94,226 | €111,274 | +€17,048 | +18.1% |
| Financial income | 75/76B | €63 | €14 | -€49 | -77.5% |
| Recurring financial income | 75 | €63 | €14 | -€49 | -77.5% |
| Financial charges | 65/66B | €222 | €214 | -€9 | -3.8% |
| Recurring financial charges | 65 | €222 | €214 | -€9 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €94,067 | €111,075 | +€17,008 | +18.1% |
| Income taxes | 67/77 | €23,535 | €27,772 | +€4,236 | +18.0% |
| Profit (loss) for the period | 9904 | €70,531 | €83,303 | +€12,772 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,531 | €83,303 | +€12,772 | +18.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.