Cusa Consulting: 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.
Cusa Consulting
Largest movements
- Tangible fixed assets -€29,173
down €29,173 (-5.9%), from €493,701 to €464,528
of which Land and buildings: -€14,696
- Cash +€25,043
up €25,043 (+18.2%), from €137,447 to €162,490
mainly Other debts (+€106,200) and Net result for the year (+€49,011)
- Receivables within one year +€15,223
up €15,223 (+80.8%), from €18,839 to €34,062
of which Trade receivables: +€20,933
- Other debts +€106,200
new in 2025: €106,200
- Reserves -€57,189
down €57,189 (-13.3%), from €429,319 to €372,130
- Debts after one year -€30,720
down €30,720 (-19.8%), from €155,074 to €124,353
- Current portion of long-term debt -€15,350
down €15,350 (-33.3%), from €46,071 to €30,720
- Tax, wage and social debts +€6,644
up €6,644 (+170%), from €3,913 to €10,558
- Gross operating margin +€2,725
up €2,725 (+2.7%), from €99,836 to €102,562
- Taxes +€1,866
up €1,866 (+10.4%), from €17,929 to €19,795
- Financial income +€1,432
up €1,432 (+744%), from €193 to €1,625
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 | €651,400 | €662,572 | +€11,171 | +1.7% |
| Fixed assets | 21/28 | €493,701 | €464,528 | -€29,173 | -5.9% |
| Tangible fixed assets | 22/27 | €493,701 | €464,528 | -€29,173 | -5.9% |
| Land and buildings | 22 | €442,207 | €427,511 | -€14,696 | -3.3% |
| Plant, machinery and equipment | 23 | €8,567 | €6,514 | -€2,052 | -24.0% |
| Furniture and vehicles | 24 | €42,927 | €30,502 | -€12,425 | -28.9% |
| Current assets | 29/58 | €157,699 | €198,044 | +€40,344 | +25.6% |
| Amounts receivable within one year | 40/41 | €18,839 | €34,062 | +€15,223 | +80.8% |
| Trade receivables | 40 | - | €20,933 | +€20,933 | |
| Other amounts receivable | 41 | €18,839 | €13,129 | -€5,710 | -30.3% |
| Cash at bank and in hand | 54/58 | €137,447 | €162,490 | +€25,043 | +18.2% |
| Deferred charges and accrued income | 490/1 | €1,413 | €1,491 | +€78 | +5.5% |
| Total equity and liabilities | 10/49 | €651,400 | €662,572 | +€11,171 | +1.7% |
| Equity | 10/15 | €441,719 | €384,530 | -€57,189 | -12.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €429,319 | €372,130 | -€57,189 | -13.3% |
| Distributable reserves | 133 | €429,319 | €372,130 | -€57,189 | -13.3% |
| Amounts payable | 17/49 | €209,681 | €278,041 | +€68,360 | +32.6% |
| Amounts payable after more than one year | 17 | €155,074 | €124,353 | -€30,720 | -19.8% |
| Financial debts | 170/4 | €155,074 | €124,353 | -€30,720 | -19.8% |
| Amounts payable within one year | 42/48 | €52,667 | €151,708 | +€99,041 | +188% |
| Current portion of amounts payable after more than one year | 42 | €46,071 | €30,720 | -€15,350 | -33.3% |
| Trade debts | 44 | €2,683 | €4,230 | +€1,547 | +57.6% |
| Suppliers | 440/4 | €2,683 | €4,230 | +€1,547 | +57.6% |
| Taxes, remuneration and social security | 45 | €3,913 | €10,558 | +€6,644 | +170% |
| Taxes | 450/3 | €3,913 | €10,558 | +€6,644 | +170% |
| Other amounts payable | 47/48 | - | €106,200 | +€106,200 | |
| Accrued charges and deferred income | 492/3 | €1,940 | €1,980 | +€40 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,167 | €29,173 | -€994 | -3.3% |
| Other operating charges | 640/8 | €2,414 | €2,383 | -€31 | -1.3% |
| Gross operating margin | 9900 | €99,836 | €102,562 | +€2,725 | +2.7% |
| Operating profit (loss) | 9901 | €67,256 | €71,006 | +€3,750 | +5.6% |
| Financial income | 75/76B | €193 | €1,625 | +€1,432 | +744% |
| Recurring financial income | 75 | €193 | €1,625 | +€1,432 | +744% |
| Financial charges | 65/66B | €4,824 | €3,825 | -€999 | -20.7% |
| Recurring financial charges | 65 | €4,824 | €3,825 | -€999 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €62,624 | €68,806 | +€6,182 | +9.9% |
| Income taxes | 67/77 | €17,929 | €19,795 | +€1,866 | +10.4% |
| Profit (loss) for the period | 9904 | €44,695 | €49,011 | +€4,316 | +9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,695 | €49,011 | +€4,316 | +9.7% |
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 17 October 2026 via checked.be.