Cunina: 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.
Cunina
Largest movements
- Deferred charges and accrued income +€534,240
up €534,240 (+451.9%), from €118,213 to €652,453
- Cash -€116,089
down €116,089 (-41.0%), from €283,473 to €167,385
mainly Deferred charges and accrued income (-€534,240) and Investment in fixed assets (net) (-€125,632)
- Tangible fixed assets +€80,171
up €80,171 (+28.4%), from €282,729 to €362,900
of which Plant, machinery and equipment: +€104,967
- Profit (loss) carried forward +€283,674
up €283,674 (+32.6%), from €869,681 to €1.2m
- Accrued charges and deferred income +€76,181
up €76,181 (+68.4%), from €111,296 to €187,477
- Debts after one year +€55,742
new in 2025: €55,742
- Trade debts +€52,121
up €52,121 (+664.5%), from €7,844 to €59,965
- Gross operating margin +€425,053
up €425,053 (+24.4%), from €1.7m to €2.2m
- Other operating charges +€234,465
up €234,465 (+20.0%), from €1.2m to €1.4m
- Staff costs +€39,867
up €39,867 (+10.4%), from €383,620 to €423,487
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 | €1,169,266 | €1,653,402 | +€484,136 | +41.4% |
| Fixed assets | 21/28 | €282,729 | €362,900 | +€80,171 | +28.4% |
| Tangible fixed assets | 22/27 | €282,729 | €362,900 | +€80,171 | +28.4% |
| Plant, machinery and equipment | 23 | €61,954 | €166,920 | +€104,967 | +169.4% |
| Furniture and vehicles | 24 | €25,536 | €13,239 | -€12,298 | -48.2% |
| Other tangible fixed assets | 26 | €195,239 | €182,740 | -€12,498 | -6.4% |
| Current assets | 29/58 | €886,537 | €1,290,502 | +€403,966 | +45.6% |
| Amounts receivable within one year | 40/41 | €19,851 | €5,665 | -€14,186 | -71.5% |
| Trade receivables | 40 | €19,851 | €4,815 | -€15,036 | -75.7% |
| Other amounts receivable | 41 | - | €850 | +€850 | |
| Current investments | 50/53 | €465,000 | €465,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €283,473 | €167,385 | -€116,089 | -41.0% |
| Deferred charges and accrued income | 490/1 | €118,213 | €652,453 | +€534,240 | +451.9% |
| Total equity and liabilities | 10/49 | €1,169,266 | €1,653,402 | +€484,136 | +41.4% |
| Equity | 10/15 | €1,006,249 | €1,289,923 | +€283,674 | +28.2% |
| Contributions | 10/11 | €136,568 | €136,568 | = | 0.0% |
| Capital | 10 | €136,568 | €136,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €869,681 | €1,153,355 | +€283,674 | +32.6% |
| Amounts payable | 17/49 | €163,017 | €363,479 | +€200,462 | +123.0% |
| Amounts payable after more than one year | 17 | - | €55,742 | +€55,742 | |
| Financial debts | 170/4 | - | €55,742 | +€55,742 | |
| Amounts payable within one year | 42/48 | €51,721 | €120,260 | +€68,539 | +132.5% |
| Current portion of amounts payable after more than one year | 42 | - | €12,513 | +€12,513 | |
| Trade debts | 44 | €7,844 | €59,965 | +€52,121 | +664.5% |
| Suppliers | 440/4 | €7,844 | €59,965 | +€52,121 | +664.5% |
| Taxes, remuneration and social security | 45 | €43,877 | €47,782 | +€3,905 | +8.9% |
| Taxes | 450/3 | €2,127 | €168 | -€1,959 | -92.1% |
| Remuneration and social security | 454/9 | €41,750 | €47,614 | +€5,864 | +14.0% |
| Accrued charges and deferred income | 492/3 | €111,296 | €187,477 | +€76,181 | +68.4% |
| Remuneration, social security and pensions | 62 | €383,620 | €423,487 | +€39,867 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,799 | €45,461 | -€3,338 | -6.8% |
| Other operating charges | 640/8 | €1,171,083 | €1,405,548 | +€234,465 | +20.0% |
| Non-recurring operating charges | 66A | - | €15,547 | +€15,547 | |
| Gross operating margin | 9900 | €1,743,533 | €2,168,586 | +€425,053 | +24.4% |
| Operating profit (loss) | 9901 | €140,031 | €278,543 | +€138,512 | +98.9% |
| Financial income | 75/76B | €1,053 | €11,076 | +€10,023 | +952.2% |
| Recurring financial income | 75 | €1,053 | €11,076 | +€10,023 | +952.2% |
| Financial charges | 65/66B | €14,535 | €4,142 | -€10,393 | -71.5% |
| Recurring financial charges | 65 | €14,535 | €4,142 | -€10,393 | -71.5% |
| Profit (loss) for the period before taxes | 9903 | €126,549 | €285,477 | +€158,928 | +125.6% |
| Income taxes | 67/77 | €268 | €1,803 | +€1,534 | +571.7% |
| Profit (loss) for the period | 9904 | €126,281 | €283,674 | +€157,394 | +124.6% |
| Profit (loss) for the period to be appropriated | 9905 | €126,281 | €283,674 | +€157,394 | +124.6% |
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 8 October 2026 via checked.be.