Cusher: 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.
Cusher
Largest movements
- Tangible fixed assets -€6,499
down €6,499 (-6.8%), from €95,983 to €89,484
of which Land and buildings: -€4,416
- Receivables after one year -€6,000
down €6,000 (-17.1%), from €35,000 to €29,000
- Deferred charges and accrued income +€2,277
up €2,277, from €0 to €2,277
- Receivables within one year -€1,734
down €1,734 (-9.1%), from €18,999 to €17,265
of which Trade receivables: -€2,022
- Profit (loss) carried forward -€8,888
down €8,888 (-45.0%), from -€19,740 to -€28,628
- Debts after one year -€7,308
down €7,308 (-10.4%), from €70,440 to €63,132
- Tax, wage and social debts +€1,864
up €1,864 (+36.5%), from €5,104 to €6,967
of which Remuneration and social security: +€3,693
- Short-term financial debts +€1,591
up €1,591 (+18.2%), from €8,732 to €10,322
- Gross operating margin +€10,134
up €10,134, from -€4,427 to €5,708
- Other operating charges +€626
up €626 (+19.7%), from €3,180 to €3,806
- Depreciation -€580
down €580 (-8.2%), from €7,079 to €6,499
- Taxes +€577
up €577 (+782.9%), from €74 to €651
- Financial charges -€392
down €392 (-9.7%), from €4,032 to €3,640
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 | €151,114 | €138,143 | -€12,971 | -8.6% |
| Fixed assets | 21/28 | €96,078 | €89,579 | -€6,499 | -6.8% |
| Tangible fixed assets | 22/27 | €95,983 | €89,484 | -€6,499 | -6.8% |
| Land and buildings | 22 | €84,869 | €80,452 | -€4,416 | -5.2% |
| Plant, machinery and equipment | 23 | €6,500 | €6,500 | = | 0.0% |
| Furniture and vehicles | 24 | €890 | €438 | -€452 | -50.8% |
| Leasing and similar rights | 25 | €3,724 | €2,094 | -€1,630 | -43.8% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €55,037 | €48,564 | -€6,472 | -11.8% |
| Amounts receivable after more than one year | 29 | €35,000 | €29,000 | -€6,000 | -17.1% |
| Other amounts receivable | 291 | €35,000 | €29,000 | -€6,000 | -17.1% |
| Amounts receivable within one year | 40/41 | €18,999 | €17,265 | -€1,734 | -9.1% |
| Trade receivables | 40 | €8,243 | €6,221 | -€2,022 | -24.5% |
| Other amounts receivable | 41 | €10,756 | €11,044 | +€288 | +2.7% |
| Cash at bank and in hand | 54/58 | €1,038 | €22 | -€1,015 | -97.8% |
| Deferred charges and accrued income | 490/1 | €0 | €2,277 | +€2,277 | |
| Total equity and liabilities | 10/49 | €151,114 | €138,143 | -€12,971 | -8.6% |
| Equity | 10/15 | €15,257 | €6,369 | -€8,888 | -58.3% |
| Contributions | 10/11 | €28,110 | €28,110 | = | 0.0% |
| Reserves | 13 | €6,887 | €6,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,387 | €4,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,740 | -€28,628 | -€8,888 | -45.0% |
| Amounts payable | 17/49 | €135,857 | €131,774 | -€4,083 | -3.0% |
| Amounts payable after more than one year | 17 | €70,440 | €63,132 | -€7,308 | -10.4% |
| Financial debts | 170/4 | €70,440 | €63,132 | -€7,308 | -10.4% |
| Amounts payable within one year | 42/48 | €65,417 | €68,642 | +€3,226 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €8,366 | €7,308 | -€1,058 | -12.6% |
| Financial debts | 43 | €8,732 | €10,322 | +€1,591 | +18.2% |
| Credit institutions | 430/8 | €8,732 | €10,322 | +€1,591 | +18.2% |
| Trade debts | 44 | €6,009 | €5,469 | -€540 | -9.0% |
| Suppliers | 440/4 | €6,009 | €5,469 | -€540 | -9.0% |
| Taxes, remuneration and social security | 45 | €5,104 | €6,967 | +€1,864 | +36.5% |
| Taxes | 450/3 | €5,104 | €3,274 | -€1,830 | -35.9% |
| Remuneration and social security | 454/9 | - | €3,693 | +€3,693 | |
| Other amounts payable | 47/48 | €37,206 | €38,575 | +€1,369 | +3.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €396 | +€396 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,079 | €6,499 | -€580 | -8.2% |
| Other operating charges | 640/8 | €3,180 | €3,806 | +€626 | +19.7% |
| Gross operating margin | 9900 | -€4,427 | €5,708 | +€10,134 | |
| Operating profit (loss) | 9901 | -€14,685 | -€4,597 | +€10,088 | +68.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,032 | €3,640 | -€392 | -9.7% |
| Recurring financial charges | 65 | €4,032 | €3,640 | -€392 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,717 | -€8,237 | +€10,481 | +56.0% |
| Income taxes | 67/77 | €74 | €651 | +€577 | +782.9% |
| Profit (loss) for the period | 9904 | -€18,791 | -€8,888 | +€9,903 | +52.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,791 | -€8,888 | +€9,903 | +52.7% |
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 9 October 2026 via checked.be.