CURSOR SYSTEMS: 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.
CURSOR SYSTEMS
Largest movements
- Receivables within one year +€29,868
up €29,868 (+13.2%), from €226,492 to €256,361
- Cash +€10,632
up €10,632 (+229%), from €4,634 to €15,266
mainly Trade debts (+€38,701) and Net result for the year (+€38,340)
- Tangible fixed assets -€8,177
down €8,177 (-26.1%), from €31,283 to €23,107
of which Leasing and similar rights: -€7,665
- Stocks and contracts +€3,406
up €3,406 (+8.7%), from €39,100 to €42,506
- Trade debts +€38,701
up €38,701 (+41.8%), from €92,606 to €131,307
- Other debts +€10,000
up €10,000 (+40.0%), from €25,000 to €35,000
- Debts after one year -€9,867
down €9,867 (-54.5%), from €18,100 to €8,234
- Tax, wage and social debts -€5,914
down €5,914 (-28.6%), from €20,696 to €14,782
- Gross operating margin +€14,270
up €14,270 (+26.9%), from €53,034 to €67,305
- Taxes +€2,524
up €2,524 (+23.3%), from €10,833 to €13,357
- Staff costs +€1,626
up €1,626 (+38.3%), from €4,244 to €5,870
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 | €303,741 | €339,148 | +€35,407 | +11.7% |
| Fixed assets | 21/28 | €32,958 | €24,782 | -€8,177 | -24.8% |
| Tangible fixed assets | 22/27 | €31,283 | €23,107 | -€8,177 | -26.1% |
| Plant, machinery and equipment | 23 | €1,273 | €762 | -€511 | -40.2% |
| Leasing and similar rights | 25 | €30,010 | €22,345 | -€7,665 | -25.5% |
| Financial fixed assets | 28 | €1,675 | €1,675 | = | 0.0% |
| Current assets | 29/58 | €270,783 | €314,367 | +€43,584 | +16.1% |
| Stocks and contracts in progress | 3 | €39,100 | €42,506 | +€3,406 | +8.7% |
| Stocks | 30/36 | €39,100 | €42,506 | +€3,406 | +8.7% |
| Amounts receivable within one year | 40/41 | €226,492 | €256,361 | +€29,868 | +13.2% |
| Trade receivables | 40 | €226,492 | €256,361 | +€29,868 | +13.2% |
| Cash at bank and in hand | 54/58 | €4,634 | €15,266 | +€10,632 | +229% |
| Deferred charges and accrued income | 490/1 | €557 | €234 | -€323 | -58.0% |
| Total equity and liabilities | 10/49 | €303,741 | €339,148 | +€35,407 | +11.7% |
| Equity | 10/15 | €137,530 | €140,870 | +€3,340 | +2.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €75,557 | €78,897 | +€3,340 | +4.4% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €69,360 | €72,700 | +€3,340 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €166,210 | €198,278 | +€32,067 | +19.3% |
| Amounts payable after more than one year | 17 | €18,100 | €8,234 | -€9,867 | -54.5% |
| Financial debts | 170/4 | €18,100 | €8,234 | -€9,867 | -54.5% |
| Amounts payable within one year | 42/48 | €148,110 | €190,044 | +€41,934 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €9,808 | €8,956 | -€852 | -8.7% |
| Trade debts | 44 | €92,606 | €131,307 | +€38,701 | +41.8% |
| Suppliers | 440/4 | €92,606 | €131,307 | +€38,701 | +41.8% |
| Taxes, remuneration and social security | 45 | €20,696 | €14,782 | -€5,914 | -28.6% |
| Taxes | 450/3 | €20,696 | €14,782 | -€5,914 | -28.6% |
| Other amounts payable | 47/48 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €4,244 | €5,870 | +€1,626 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,192 | €8,177 | -€15 | -0.2% |
| Other operating charges | 640/8 | €859 | €868 | +€10 | +1.1% |
| Gross operating margin | 9900 | €53,034 | €67,305 | +€14,270 | +26.9% |
| Operating profit (loss) | 9901 | €39,740 | €52,390 | +€12,650 | +31.8% |
| Financial income | 75/76B | €19 | €55 | +€36 | +193% |
| Recurring financial income | 75 | €19 | €55 | +€36 | +193% |
| Financial charges | 65/66B | €935 | €747 | -€188 | -20.1% |
| Recurring financial charges | 65 | €935 | €747 | -€188 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €38,824 | €51,697 | +€12,873 | +33.2% |
| Income taxes | 67/77 | €10,833 | €13,357 | +€2,524 | +23.3% |
| Profit (loss) for the period | 9904 | €27,991 | €38,340 | +€10,349 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,991 | €38,340 | +€10,349 | +37.0% |
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.