Cunning Plan: 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.
Cunning Plan
Largest movements
- Receivables within one year +€53,842
up €53,842 (+98.6%), from €54,627 to €108,469
of which Trade receivables: +€62,006
- Cash +€33,521
up €33,521 (+15.4%), from €217,813 to €251,334
mainly Net result for the year (+€88,549) and Accrued charges and deferred income (+€65,646)
- Tangible fixed assets -€6,825
down €6,825 (-3.7%), from €183,968 to €177,143
- Accrued charges and deferred income +€65,646
up €65,646 (+11,835%), from €555 to €66,200
- Reserves +€56,599
up €56,599 (+29.3%), from €193,277 to €249,876
- Trade debts -€30,837
down €30,837 (-99.4%), from €31,025 to €188
- Debts after one year -€23,879
down €23,879 (-11.9%), from €199,929 to €176,050
- Tax, wage and social debts +€13,455
up €13,455 (+65.6%), from €20,519 to €33,974
of which Taxes: +€13,455
- Other operating charges -€35,319
down €35,319 (-97.6%), from €36,177 to €858
- Gross operating margin +€32,156
up €32,156 (+32.4%), from €99,118 to €131,273
- Taxes +€11,940
up €11,940 (+104%), from €11,495 to €23,435
- Financial charges +€7,850
up €7,850 (+248%), from €3,165 to €11,015
- Depreciation +€2,997
up €2,997 (+67.8%), from €4,418 to €7,415
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 | €459,001 | €541,549 | +€82,549 | +18.0% |
| Fixed assets | 21/28 | €186,468 | €181,643 | -€4,825 | -2.6% |
| Tangible fixed assets | 22/27 | €183,968 | €177,143 | -€6,825 | -3.7% |
| Land and buildings | 22 | €177,075 | €173,851 | -€3,224 | -1.8% |
| Plant, machinery and equipment | 23 | €5,340 | €2,438 | -€2,901 | -54.3% |
| Furniture and vehicles | 24 | €1,553 | €854 | -€699 | -45.0% |
| Financial fixed assets | 28 | €2,500 | €4,500 | +€2,000 | +80.0% |
| Current assets | 29/58 | €272,533 | €359,906 | +€87,373 | +32.1% |
| Amounts receivable within one year | 40/41 | €54,627 | €108,469 | +€53,842 | +98.6% |
| Trade receivables | 40 | €42,327 | €104,333 | +€62,006 | +146% |
| Other amounts receivable | 41 | €12,299 | €4,135 | -€8,164 | -66.4% |
| Cash at bank and in hand | 54/58 | €217,813 | €251,334 | +€33,521 | +15.4% |
| Deferred charges and accrued income | 490/1 | €93 | €103 | +€10 | +11.1% |
| Total equity and liabilities | 10/49 | €459,001 | €541,549 | +€82,549 | +18.0% |
| Equity | 10/15 | €194,027 | €250,626 | +€56,599 | +29.2% |
| Contributions | 10/11 | €750 | €750 | = | 0.0% |
| Reserves | 13 | €193,277 | €249,876 | +€56,599 | +29.3% |
| Distributable reserves | 133 | €193,277 | €249,876 | +€56,599 | +29.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €264,974 | €290,923 | +€25,950 | +9.8% |
| Amounts payable after more than one year | 17 | €199,929 | €176,050 | -€23,879 | -11.9% |
| Financial debts | 170/4 | €199,929 | €176,050 | -€23,879 | -11.9% |
| Amounts payable within one year | 42/48 | €64,490 | €48,673 | -€15,817 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | - | €11,940 | +€11,940 | |
| Trade debts | 44 | €31,025 | €188 | -€30,837 | -99.4% |
| Suppliers | 440/4 | €31,025 | €188 | -€30,837 | -99.4% |
| Taxes, remuneration and social security | 45 | €20,519 | €33,974 | +€13,455 | +65.6% |
| Taxes | 450/3 | €19,019 | €32,474 | +€13,455 | +70.7% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €12,947 | €2,572 | -€10,375 | -80.1% |
| Accrued charges and deferred income | 492/3 | €555 | €66,200 | +€65,646 | +11,835% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,418 | €7,415 | +€2,997 | +67.8% |
| Other operating charges | 640/8 | €36,177 | €858 | -€35,319 | -97.6% |
| Gross operating margin | 9900 | €99,118 | €131,273 | +€32,156 | +32.4% |
| Operating profit (loss) | 9901 | €58,522 | €123,000 | +€64,478 | +110% |
| Financial income | 75/76B | €0 | €0 | -€0 | -92.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -92.5% |
| Financial charges | 65/66B | €3,165 | €11,015 | +€7,850 | +248% |
| Recurring financial charges | 65 | €3,165 | €11,015 | +€7,850 | +248% |
| Profit (loss) for the period before taxes | 9903 | €55,357 | €111,985 | +€56,628 | +102% |
| Income taxes | 67/77 | €11,495 | €23,435 | +€11,940 | +104% |
| Profit (loss) for the period | 9904 | €43,862 | €88,549 | +€44,688 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €43,862 | €88,549 | +€44,688 | +102% |
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 13 October 2026 via checked.be.