CUSHFIELD DEVELOPMENT: 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.
CUSHFIELD DEVELOPMENT
Largest movements
- Receivables within one year -€160,813
down €160,813 (-30.3%), from €531,457 to €370,644
of which Trade receivables: -€163,077
- Debts after one year -€182,991
down €182,991 (-26.0%), from €702,835 to €519,845
- Profit (loss) carried forward +€47,553
up €47,553 (+16.1%), from -€296,002 to -€248,449
- Trade debts -€20,275
down €20,275 (-24.5%), from €82,863 to €62,589
- Gross operating margin -€6,009
down €6,009 (-10.5%), from €57,499 to €51,490
- Other operating charges +€1,228
up €1,228 (+178.1%), from €689 to €1,918
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 | €680,483 | €523,774 | -€156,709 | -23.0% |
| Fixed assets | 21/28 | €87,129 | €86,159 | -€969 | -1.1% |
| Tangible fixed assets | 22/27 | €2,129 | €1,159 | -€969 | -45.5% |
| Plant, machinery and equipment | 23 | €2,129 | €1,159 | -€969 | -45.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €593,355 | €437,615 | -€155,740 | -26.2% |
| Stocks and contracts in progress | 3 | €30,929 | €36,975 | +€6,046 | +19.5% |
| Stocks | 30/36 | €30,929 | €36,975 | +€6,046 | +19.5% |
| Amounts receivable within one year | 40/41 | €531,457 | €370,644 | -€160,813 | -30.3% |
| Trade receivables | 40 | €497,779 | €334,702 | -€163,077 | -32.8% |
| Other amounts receivable | 41 | €33,678 | €35,942 | +€2,264 | +6.7% |
| Cash at bank and in hand | 54/58 | €2,121 | €1,148 | -€973 | -45.9% |
| Deferred charges and accrued income | 490/1 | €28,848 | €28,848 | = | 0.0% |
| Total equity and liabilities | 10/49 | €680,483 | €523,774 | -€156,709 | -23.0% |
| Equity | 10/15 | -€289,802 | -€242,249 | +€47,553 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€296,002 | -€248,449 | +€47,553 | +16.1% |
| Amounts payable | 17/49 | €970,286 | €766,024 | -€204,262 | -21.1% |
| Amounts payable after more than one year | 17 | €702,835 | €519,845 | -€182,991 | -26.0% |
| Financial debts | 170/4 | €702,835 | €519,845 | -€182,991 | -26.0% |
| Amounts payable within one year | 42/48 | €227,238 | €205,966 | -€21,272 | -9.4% |
| Trade debts | 44 | €82,863 | €62,589 | -€20,275 | -24.5% |
| Suppliers | 440/4 | €82,863 | €62,589 | -€20,275 | -24.5% |
| Taxes, remuneration and social security | 45 | €5,247 | €8,862 | +€3,614 | +68.9% |
| Taxes | 450/3 | €5,247 | €8,862 | +€3,614 | +68.9% |
| Other amounts payable | 47/48 | €139,127 | €134,516 | -€4,612 | -3.3% |
| Accrued charges and deferred income | 492/3 | €40,213 | €40,213 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,217 | €969 | -€248 | -20.4% |
| Other operating charges | 640/8 | €689 | €1,918 | +€1,228 | +178.1% |
| Gross operating margin | 9900 | €57,499 | €51,490 | -€6,009 | -10.5% |
| Operating profit (loss) | 9901 | €55,592 | €48,603 | -€6,989 | -12.6% |
| Financial charges | 65/66B | €1,621 | €1,049 | -€572 | -35.3% |
| Recurring financial charges | 65 | €1,621 | €1,049 | -€572 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €53,971 | €47,553 | -€6,418 | -11.9% |
| Profit (loss) for the period | 9904 | €53,971 | €47,553 | -€6,418 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €53,971 | €47,553 | -€6,418 | -11.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.