CUNCTATOR: 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.
CUNCTATOR
Largest movements
- Cash -€169,994
down €169,994 (-86.8%), from €195,911 to €25,917
mainly Net result for the year (-€81,504) and Receivables within one year (-€80,007)
- Receivables within one year +€80,007
new in 2025: €80,007
of which Other amounts receivable: +€78,431
- Tangible fixed assets +€26,055
up €26,055 (+29.3%), from €88,863 to €114,918
of which Other tangible fixed assets: +€26,055
- Deferred charges and accrued income +€3,720
up €3,720 (+157.9%), from €2,356 to €6,076
- Reserves -€80,000
down €80,000 (-52.2%), from €153,200 to €73,200
of which Distributable reserves: -€80,000
- Trade debts +€21,292
new in 2025: €21,292
- Gross operating margin -€48,481
down €48,481 (-316.6%), from -€15,313 to -€63,793
- Financial income +€1,614
new in 2025: €1,614
- Depreciation -€1,065
down €1,065 (-9.1%), from €11,733 to €10,668
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 | €287,130 | €226,918 | -€60,212 | -21.0% |
| Fixed assets | 21/28 | €88,863 | €114,918 | +€26,055 | +29.3% |
| Tangible fixed assets | 22/27 | €88,863 | €114,918 | +€26,055 | +29.3% |
| Land and buildings | 22 | €54,014 | €54,014 | = | 0.0% |
| Other tangible fixed assets | 26 | €34,850 | €60,904 | +€26,055 | +74.8% |
| Current assets | 29/58 | €198,267 | €112,000 | -€86,267 | -43.5% |
| Amounts receivable within one year | 40/41 | - | €80,007 | +€80,007 | |
| Trade receivables | 40 | - | €1,576 | +€1,576 | |
| Other amounts receivable | 41 | - | €78,431 | +€78,431 | |
| Cash at bank and in hand | 54/58 | €195,911 | €25,917 | -€169,994 | -86.8% |
| Deferred charges and accrued income | 490/1 | €2,356 | €6,076 | +€3,720 | +157.9% |
| Total equity and liabilities | 10/49 | €287,130 | €226,918 | -€60,212 | -21.0% |
| Equity | 10/15 | €287,130 | €205,626 | -€81,504 | -28.4% |
| Contributions | 10/11 | €132,000 | €132,000 | = | 0.0% |
| Capital | 10 | €132,000 | €132,000 | = | 0.0% |
| Issued capital | 100 | €132,000 | €132,000 | = | 0.0% |
| Reserves | 13 | €153,200 | €73,200 | -€80,000 | -52.2% |
| Non-distributable reserves | 130/1 | €13,200 | €13,200 | = | 0.0% |
| Legal reserve | 130 | €13,200 | €13,200 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €60,000 | -€80,000 | -57.1% |
| Profit (loss) carried forward | 14 | €1,930 | €426 | -€1,504 | -77.9% |
| Amounts payable | 17/49 | - | €21,292 | +€21,292 | |
| Amounts payable within one year | 42/48 | - | €21,292 | +€21,292 | |
| Trade debts | 44 | - | €21,292 | +€21,292 | |
| Suppliers | 440/4 | - | €21,292 | +€21,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,733 | €10,668 | -€1,065 | -9.1% |
| Other operating charges | 640/8 | €8,367 | €8,573 | +€206 | +2.5% |
| Gross operating margin | 9900 | -€15,313 | -€63,793 | -€48,481 | -316.6% |
| Operating profit (loss) | 9901 | -€35,413 | -€83,034 | -€47,622 | -134.5% |
| Financial income | 75/76B | - | €1,614 | +€1,614 | |
| Recurring financial income | 75 | - | €1,614 | +€1,614 | |
| Financial charges | 65/66B | €49 | €84 | +€35 | +70.0% |
| Recurring financial charges | 65 | €49 | €84 | +€35 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | -€35,462 | -€81,504 | -€46,042 | -129.8% |
| Profit (loss) for the period | 9904 | -€35,462 | -€81,504 | -€46,042 | -129.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,462 | -€81,504 | -€46,042 | -129.8% |
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 28 September 2026 via checked.be.