CUSPIDATI: 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.
CUSPIDATI
Largest movements
- Current investments -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Cash +€45,504
up €45,504 (+14.6%), from €310,647 to €356,151
mainly Net result for the year (+€54,733) and Current investments (+€50,000)
- Tangible fixed assets +€12,354
up €12,354 (+24.5%), from €50,370 to €62,724
of which Plant, machinery and equipment: +€12,416
- Reserves +€28,578
up €28,578 (+7.1%), from €402,888 to €431,466
- Other debts -€8,986
down €8,986 (-13.0%), from €68,932 to €59,946
- Tax, wage and social debts -€5,934
down €5,934 (-39.1%), from €15,159 to €9,226
of which Remuneration and social security: -€4,807
- Gross operating margin +€8,509
up €8,509 (+5.9%), from €145,105 to €153,614
- Staff costs +€6,986
up €6,986 (+12.2%), from €57,276 to €64,262
- Depreciation +€2,426
up €2,426 (+37.7%), from €6,428 to €8,855
- Financial income +€1,800
up €1,800 (+535.3%), from €336 to €2,136
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €513,457 | €523,053 | +€9,596 | +1.9% |
| Fixed assets | 21/28 | €50,370 | €62,724 | +€12,354 | +24.5% |
| Tangible fixed assets | 22/27 | €50,370 | €62,724 | +€12,354 | +24.5% |
| Plant, machinery and equipment | 23 | €43,851 | €56,266 | +€12,416 | +28.3% |
| Furniture and vehicles | 24 | €6,519 | €6,458 | -€61 | -0.9% |
| Current assets | 29/58 | €463,087 | €460,329 | -€2,759 | -0.6% |
| Amounts receivable within one year | 40/41 | €1,285 | €2,206 | +€921 | +71.6% |
| Trade receivables | 40 | - | €2,206 | +€2,206 | |
| Other amounts receivable | 41 | €1,285 | €0 | -€1,285 | -100.0% |
| Current investments | 50/53 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €310,647 | €356,151 | +€45,504 | +14.6% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,972 | +€816 | +70.7% |
| Total equity and liabilities | 10/49 | €513,457 | €523,053 | +€9,596 | +1.9% |
| Equity | 10/15 | €421,488 | €450,066 | +€28,578 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €402,888 | €431,466 | +€28,578 | +7.1% |
| Distributable reserves | 133 | €402,888 | €431,466 | +€28,578 | +7.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,969 | €72,987 | -€18,982 | -20.6% |
| Amounts payable within one year | 42/48 | €89,969 | €70,987 | -€18,982 | -21.1% |
| Trade debts | 44 | €5,878 | €1,815 | -€4,063 | -69.1% |
| Suppliers | 440/4 | €5,878 | €1,815 | -€4,063 | -69.1% |
| Taxes, remuneration and social security | 45 | €15,159 | €9,226 | -€5,934 | -39.1% |
| Taxes | 450/3 | €2,921 | €1,795 | -€1,126 | -38.6% |
| Remuneration and social security | 454/9 | €12,238 | €7,431 | -€4,807 | -39.3% |
| Other amounts payable | 47/48 | €68,932 | €59,946 | -€8,986 | -13.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €57,276 | €64,262 | +€6,986 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,428 | €8,855 | +€2,426 | +37.7% |
| Other operating charges | 640/8 | €1,049 | €693 | -€355 | -33.9% |
| Gross operating margin | 9900 | €145,105 | €153,614 | +€8,509 | +5.9% |
| Operating profit (loss) | 9901 | €80,351 | €79,804 | -€547 | -0.7% |
| Financial income | 75/76B | €336 | €2,136 | +€1,800 | +535.3% |
| Recurring financial income | 75 | €336 | €2,136 | +€1,800 | +535.3% |
| Financial charges | 65/66B | €858 | €772 | -€86 | -10.0% |
| Recurring financial charges | 65 | €858 | €772 | -€86 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €79,830 | €81,168 | +€1,338 | +1.7% |
| Income taxes | 67/77 | €26,032 | €26,435 | +€403 | +1.5% |
| Profit (loss) for the period | 9904 | €53,798 | €54,733 | +€935 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,798 | €54,733 | +€935 | +1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.