CUP28: 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.
CUP28
Largest movements
- Tangible fixed assets -€14,542
down €14,542 (-32.0%), from €45,409 to €30,866
- Cash +€6,333
up €6,333 (+46.2%), from €13,712 to €20,045
mainly Depreciation (+€21,716) and Trade debts (+€6,653)
- Intangible fixed assets -€6,000
down €6,000 (-33.3%), from €18,000 to €12,000
- Tax, wage and social debts -€15,625
down €15,625 (-51.2%), from €30,506 to €14,881
of which Remuneration and social security: -€8,566
- Debts after one year -€7,132
down €7,132 (-59.7%), from €11,938 to €4,806
- Other debts -€6,826
down €6,826 (-11.1%), from €61,391 to €54,565
- Trade debts +€6,653
up €6,653 (+30.7%), from €21,693 to €28,346
- Reserves +€6,173
up €6,173 (+84.6%), from €7,297 to €13,470
of which Distributable reserves: +€6,173
- Gross operating margin -€75,654
down €75,654 (-25.7%), from €294,180 to €218,526
- Staff costs -€69,133
down €69,133 (-27.1%), from €255,539 to €186,406
- Other operating charges -€6,282
down €6,282 (-86.4%), from €7,270 to €989
- Financial charges -€3,497
down €3,497 (-76.8%), from €4,556 to €1,059
- Depreciation -€3,376
down €3,376 (-13.5%), from €25,093 to €21,716
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,903 | €159,381 | -€12,522 | -7.3% |
| Fixed assets | 21/28 | €70,409 | €49,866 | -€20,542 | -29.2% |
| Intangible fixed assets | 21 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Tangible fixed assets | 22/27 | €45,409 | €30,866 | -€14,542 | -32.0% |
| Plant, machinery and equipment | 23 | €16,873 | €10,354 | -€6,519 | -38.6% |
| Furniture and vehicles | 24 | €7,966 | €6,075 | -€1,892 | -23.7% |
| Other tangible fixed assets | 26 | €20,569 | €14,438 | -€6,131 | -29.8% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €101,495 | €109,515 | +€8,020 | +7.9% |
| Stocks and contracts in progress | 3 | €6,107 | €6,107 | = | 0.0% |
| Stocks | 30/36 | €6,107 | €6,107 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €81,675 | €83,362 | +€1,687 | +2.1% |
| Trade receivables | 40 | €81,675 | - | -€81,675 | |
| Other amounts receivable | 41 | - | €83,362 | +€83,362 | |
| Cash at bank and in hand | 54/58 | €13,712 | €20,045 | +€6,333 | +46.2% |
| Total equity and liabilities | 10/49 | €171,903 | €159,381 | -€12,522 | -7.3% |
| Equity | 10/15 | €39,243 | €45,416 | +€6,173 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,297 | €13,470 | +€6,173 | +84.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,437 | €11,610 | +€6,173 | +113.5% |
| Profit (loss) carried forward | 14 | €13,345 | €13,345 | = | 0.0% |
| Amounts payable | 17/49 | €132,660 | €113,965 | -€18,695 | -14.1% |
| Amounts payable after more than one year | 17 | €11,938 | €4,806 | -€7,132 | -59.7% |
| Financial debts | 170/4 | €11,938 | €4,806 | -€7,132 | -59.7% |
| Amounts payable within one year | 42/48 | €120,722 | €109,159 | -€11,563 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €7,132 | €11,367 | +€4,235 | +59.4% |
| Trade debts | 44 | €21,693 | €28,346 | +€6,653 | +30.7% |
| Suppliers | 440/4 | €21,693 | €28,346 | +€6,653 | +30.7% |
| Taxes, remuneration and social security | 45 | €30,506 | €14,881 | -€15,625 | -51.2% |
| Taxes | 450/3 | €10,860 | €3,802 | -€7,059 | -65.0% |
| Remuneration and social security | 454/9 | €19,646 | €11,079 | -€8,566 | -43.6% |
| Other amounts payable | 47/48 | €61,391 | €54,565 | -€6,826 | -11.1% |
| Remuneration, social security and pensions | 62 | €255,539 | €186,406 | -€69,133 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,093 | €21,716 | -€3,376 | -13.5% |
| Other operating charges | 640/8 | €7,270 | €989 | -€6,282 | -86.4% |
| Gross operating margin | 9900 | €294,180 | €218,526 | -€75,654 | -25.7% |
| Operating profit (loss) | 9901 | €6,278 | €9,415 | +€3,137 | +50.0% |
| Financial charges | 65/66B | €4,556 | €1,059 | -€3,497 | -76.8% |
| Recurring financial charges | 65 | €4,556 | €1,059 | -€3,497 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €1,722 | €8,357 | +€6,635 | +385.3% |
| Income taxes | 67/77 | €157 | €2,184 | +€2,027 | +1295.2% |
| Profit (loss) for the period | 9904 | €1,565 | €6,173 | +€4,607 | +294.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,565 | €6,173 | +€4,607 | +294.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.