CUNEGO: 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.
CUNEGO
Largest movements
- Cash +€20,753
up €20,753 (+55.0%), from €37,746 to €58,499
mainly Net result for the year (+€55,328) and Deferred charges and accrued income (+€14,841)
- Deferred charges and accrued income -€14,841
down €14,841 (-38.9%), from €38,175 to €23,334
- Receivables within one year -€12,652
down €12,652 (-2.7%), from €465,101 to €452,448
of which Trade receivables: -€10,563
- Tangible fixed assets -€10,246
down €10,246 (-20.9%), from €49,024 to €38,778
of which Furniture and vehicles: -€9,171
- Reserves +€37,471
up €37,471 (+9.3%), from €403,866 to €441,337
- Other debts -€34,686
down €34,686 (-100%), from €34,686 to €0
- Debts after one year -€11,347
down €11,347 (-45.1%), from €25,140 to €13,793
- Tax, wage and social debts -€9,179
down €9,179 (-66.3%), from €13,853 to €4,674
of which Taxes: -€6,744
- Depreciation +€3,177
up €3,177 (+29.0%), from €10,950 to €14,127
- Financial income -€2,815
down €2,815 (-11.3%), from €24,937 to €22,122
- Gross operating margin -€1,917
down €1,917 (-2.6%), from €73,261 to €71,344
- Taxes -€1,799
down €1,799 (-7.6%), from €23,568 to €21,769
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 | €590,046 | €573,059 | -€16,986 | -2.9% |
| Fixed assets | 21/28 | €49,024 | €38,778 | -€10,246 | -20.9% |
| Tangible fixed assets | 22/27 | €49,024 | €38,778 | -€10,246 | -20.9% |
| Plant, machinery and equipment | 23 | €2,957 | €1,882 | -€1,075 | -36.4% |
| Furniture and vehicles | 24 | €46,067 | €36,896 | -€9,171 | -19.9% |
| Current assets | 29/58 | €541,022 | €534,281 | -€6,740 | -1.2% |
| Amounts receivable within one year | 40/41 | €465,101 | €452,448 | -€12,652 | -2.7% |
| Trade receivables | 40 | €35,686 | €25,123 | -€10,563 | -29.6% |
| Other amounts receivable | 41 | €429,415 | €427,326 | -€2,089 | -0.5% |
| Cash at bank and in hand | 54/58 | €37,746 | €58,499 | +€20,753 | +55.0% |
| Deferred charges and accrued income | 490/1 | €38,175 | €23,334 | -€14,841 | -38.9% |
| Total equity and liabilities | 10/49 | €590,046 | €573,059 | -€16,986 | -2.9% |
| Equity | 10/15 | €422,466 | €459,937 | +€37,471 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €403,866 | €441,337 | +€37,471 | +9.3% |
| Distributable reserves | 133 | €403,866 | €441,337 | +€37,471 | +9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €77,791 | €77,791 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €77,791 | €77,791 | = | 0.0% |
| Pensions and similar obligations | 160 | €77,791 | €77,791 | = | 0.0% |
| Amounts payable | 17/49 | €89,789 | €35,332 | -€54,457 | -60.6% |
| Amounts payable after more than one year | 17 | €25,140 | €13,793 | -€11,347 | -45.1% |
| Financial debts | 170/4 | €25,140 | €13,793 | -€11,347 | -45.1% |
| Amounts payable within one year | 42/48 | €64,484 | €21,540 | -€42,945 | -66.6% |
| Current portion of amounts payable after more than one year | 42 | €12,623 | €15,127 | +€2,505 | +19.8% |
| Trade debts | 44 | €3,322 | €1,738 | -€1,584 | -47.7% |
| Suppliers | 440/4 | €3,322 | €1,738 | -€1,584 | -47.7% |
| Taxes, remuneration and social security | 45 | €13,853 | €4,674 | -€9,179 | -66.3% |
| Taxes | 450/3 | €11,418 | €4,674 | -€6,744 | -59.1% |
| Remuneration and social security | 454/9 | €2,435 | €0 | -€2,435 | -100% |
| Other amounts payable | 47/48 | €34,686 | €0 | -€34,686 | -100% |
| Accrued charges and deferred income | 492/3 | €165 | €0 | -€165 | -100% |
| Non-recurring operating income | 76A | €4,400 | €0 | -€4,400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,950 | €14,127 | +€3,177 | +29.0% |
| Other operating charges | 640/8 | €509 | €717 | +€208 | +40.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €73,261 | €71,344 | -€1,917 | -2.6% |
| Operating profit (loss) | 9901 | €61,802 | €56,500 | -€5,301 | -8.6% |
| Financial income | 75/76B | €24,937 | €22,122 | -€2,815 | -11.3% |
| Recurring financial income | 75 | €24,937 | €22,122 | -€2,815 | -11.3% |
| Financial charges | 65/66B | €2,255 | €1,525 | -€730 | -32.4% |
| Recurring financial charges | 65 | €2,255 | €1,525 | -€730 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €84,483 | €77,097 | -€7,386 | -8.7% |
| Income taxes | 67/77 | €23,568 | €21,769 | -€1,799 | -7.6% |
| Profit (loss) for the period | 9904 | €60,915 | €55,328 | -€5,588 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €60,915 | €55,328 | -€5,588 | -9.2% |
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 22 October 2026 via checked.be.