CUSIBATI: 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.
CUSIBATI
Largest movements
- Tangible fixed assets +€106,403
up €106,403 (+2681.7%), from €3,968 to €110,371
of which Land and buildings: +€99,034
- Cash +€60,863
up €60,863 (+37.2%), from €163,540 to €224,403
mainly Net result for the year (+€76,225) and Debts after one year (+€64,579)
- Receivables within one year +€4,963
up €4,963 (+29.2%), from €17,003 to €21,966
of which Trade receivables: +€13,749
- Profit (loss) carried forward +€76,225
up €76,225 (+56.5%), from €134,813 to €211,038
- Debts after one year +€64,579
new in 2025: €64,579
- Advances received +€20,000
new in 2025: €20,000
- Current portion of long-term debt +€18,090
up €18,090 (+86.1%), from €21,000 to €39,090
- Accrued charges and deferred income -€17,648
down €17,648 (-98.6%), from €17,899 to €251
- Gross operating margin +€53,720
up €53,720 (+46.5%), from €115,523 to €169,243
- Staff costs +€13,384
up €13,384 (+29.7%), from €45,032 to €58,416
- Taxes +€8,649
up €8,649 (+64.8%), from €13,351 to €22,000
- Depreciation +€6,170
up €6,170 (+240.5%), from €2,566 to €8,736
- Financial charges +€2,109
up €2,109 (+289.0%), from €730 to €2,839
of which Financial charges: +€2,109
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 | €186,494 | €362,417 | +€175,923 | +94.3% |
| Formation expenses | 20 | €562 | €2,752 | +€2,189 | +389.5% |
| Fixed assets | 21/28 | €4,148 | €110,551 | +€106,403 | +2565.3% |
| Tangible fixed assets | 22/27 | €3,968 | €110,371 | +€106,403 | +2681.7% |
| Land and buildings | 22 | - | €99,034 | +€99,034 | |
| Furniture and vehicles | 24 | €3,968 | €11,337 | +€7,369 | +185.7% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €181,784 | €249,115 | +€67,331 | +37.0% |
| Amounts receivable within one year | 40/41 | €17,003 | €21,966 | +€4,963 | +29.2% |
| Trade receivables | 40 | €8,216 | €21,966 | +€13,749 | +167.3% |
| Other amounts receivable | 41 | €8,787 | - | -€8,787 | |
| Cash at bank and in hand | 54/58 | €163,540 | €224,403 | +€60,863 | +37.2% |
| Deferred charges and accrued income | 490/1 | €1,241 | €2,746 | +€1,505 | +121.3% |
| Total equity and liabilities | 10/49 | €186,494 | €362,417 | +€175,923 | +94.3% |
| Equity | 10/15 | €139,813 | €216,038 | +€76,225 | +54.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,813 | €211,038 | +€76,225 | +56.5% |
| Amounts payable | 17/49 | €46,681 | €146,379 | +€99,698 | +213.6% |
| Amounts payable after more than one year | 17 | - | €64,579 | +€64,579 | |
| Financial debts | 170/4 | - | €64,579 | +€64,579 | |
| Amounts payable within one year | 42/48 | €28,783 | €81,549 | +€52,767 | +183.3% |
| Current portion of amounts payable after more than one year | 42 | €21,000 | €39,090 | +€18,090 | +86.1% |
| Trade debts | 44 | - | €1,944 | +€1,944 | |
| Suppliers | 440/4 | - | €1,944 | +€1,944 | |
| Advances received on contracts in progress | 46 | - | €20,000 | +€20,000 | |
| Taxes, remuneration and social security | 45 | - | €14,509 | +€14,509 | |
| Taxes | 450/3 | - | €14,509 | +€14,509 | |
| Other amounts payable | 47/48 | €7,783 | €6,006 | -€1,776 | -22.8% |
| Accrued charges and deferred income | 492/3 | €17,899 | €251 | -€17,648 | -98.6% |
| Non-recurring operating income | 76A | €299 | - | -€299 | |
| Remuneration, social security and pensions | 62 | €45,032 | €58,416 | +€13,384 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,566 | €8,736 | +€6,170 | +240.5% |
| Other operating charges | 640/8 | €454 | €1,000 | +€545 | +120.0% |
| Non-recurring operating charges | 66A | €126 | €63 | -€63 | -49.7% |
| Gross operating margin | 9900 | €115,523 | €169,243 | +€53,720 | +46.5% |
| Operating profit (loss) | 9901 | €67,345 | €101,028 | +€33,683 | +50.0% |
| Financial income | 75/76B | €15 | €37 | +€22 | +149.5% |
| Recurring financial income | 75 | €15 | €37 | +€22 | +149.5% |
| Financial charges | 65/66B | €730 | €2,839 | +€2,109 | +289.0% |
| Recurring financial charges | 65 | €530 | €2,639 | +€2,109 | +398.0% |
| Non-recurring financial charges | 66B | €200 | €200 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €66,630 | €98,225 | +€31,596 | +47.4% |
| Income taxes | 67/77 | €13,351 | €22,000 | +€8,649 | +64.8% |
| Profit (loss) for the period | 9904 | €53,279 | €76,225 | +€22,947 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,279 | €76,225 | +€22,947 | +43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.