Custers Kathleen: 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.
Custers Kathleen
Largest movements
- Current investments +€76,564
up €76,564 (+337%), from €22,705 to €99,269
- Cash -€70,494
down €70,494 (-85.4%), from €82,505 to €12,011
mainly Current investments (-€76,564) and Debts after one year (-€22,887)
- Tangible fixed assets -€22,830
down €22,830 (-19.2%), from €118,767 to €95,936
of which Land and buildings: -€20,711
- Receivables within one year -€7,475
down €7,475 (-71.1%), from €10,521 to €3,045
- Deferred charges and accrued income +€5,380
up €5,380 (+328%), from €1,638 to €7,018
- Debts after one year -€22,887
down €22,887 (-16.5%), from €138,769 to €115,882
- Reserves +€6,696
up €6,696 (+11.5%), from €58,251 to €64,947
- Tax, wage and social debts -€2,562
down €2,562 (-44.0%), from €5,824 to €3,261
of which Taxes: -€2,076
- Financial income -€3,805
down €3,805 (-90.0%), from €4,227 to €422
- Staff costs -€2,854
down €2,854 (-18.5%), from €15,456 to €12,603
- Gross operating margin +€2,169
up €2,169 (+4.2%), from €51,245 to €53,414
- Depreciation -€1,376
down €1,376 (-5.7%), from €24,206 to €22,830
- Other operating charges +€973
up €973 (+61.1%), from €1,593 to €2,566
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 | €236,135 | €217,280 | -€18,856 | -8.0% |
| Fixed assets | 21/28 | €118,767 | €95,936 | -€22,830 | -19.2% |
| Tangible fixed assets | 22/27 | €118,767 | €95,936 | -€22,830 | -19.2% |
| Land and buildings | 22 | €114,676 | €93,965 | -€20,711 | -18.1% |
| Plant, machinery and equipment | 23 | €3,344 | €1,971 | -€1,373 | -41.0% |
| Furniture and vehicles | 24 | €746 | - | -€746 | |
| Current assets | 29/58 | €117,369 | €121,343 | +€3,975 | +3.4% |
| Amounts receivable within one year | 40/41 | €10,521 | €3,045 | -€7,475 | -71.1% |
| Trade receivables | 40 | €10,521 | €3,045 | -€7,475 | -71.1% |
| Current investments | 50/53 | €22,705 | €99,269 | +€76,564 | +337% |
| Cash at bank and in hand | 54/58 | €82,505 | €12,011 | -€70,494 | -85.4% |
| Deferred charges and accrued income | 490/1 | €1,638 | €7,018 | +€5,380 | +328% |
| Total equity and liabilities | 10/49 | €236,135 | €217,280 | -€18,856 | -8.0% |
| Equity | 10/15 | €65,251 | €71,947 | +€6,696 | +10.3% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €58,251 | €64,947 | +€6,696 | +11.5% |
| Distributable reserves | 133 | €58,251 | €64,947 | +€6,696 | +11.5% |
| Amounts payable | 17/49 | €170,884 | €145,332 | -€25,552 | -15.0% |
| Amounts payable after more than one year | 17 | €138,769 | €115,882 | -€22,887 | -16.5% |
| Financial debts | 170/4 | €138,769 | €115,882 | -€22,887 | -16.5% |
| Amounts payable within one year | 42/48 | €32,115 | €29,300 | -€2,815 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €22,388 | €22,887 | +€499 | +2.2% |
| Trade debts | 44 | €745 | €206 | -€540 | -72.4% |
| Suppliers | 440/4 | €745 | €206 | -€540 | -72.4% |
| Taxes, remuneration and social security | 45 | €5,824 | €3,261 | -€2,562 | -44.0% |
| Taxes | 450/3 | €2,467 | €392 | -€2,076 | -84.1% |
| Remuneration and social security | 454/9 | €3,356 | €2,870 | -€486 | -14.5% |
| Other amounts payable | 47/48 | €3,159 | €2,946 | -€212 | -6.7% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Remuneration, social security and pensions | 62 | €15,456 | €12,603 | -€2,854 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,206 | €22,830 | -€1,376 | -5.7% |
| Other operating charges | 640/8 | €1,593 | €2,566 | +€973 | +61.1% |
| Gross operating margin | 9900 | €51,245 | €53,414 | +€2,169 | +4.2% |
| Operating profit (loss) | 9901 | €9,990 | €15,415 | +€5,426 | +54.3% |
| Financial income | 75/76B | €4,227 | €422 | -€3,805 | -90.0% |
| Recurring financial income | 75 | €4,227 | €422 | -€3,805 | -90.0% |
| Financial charges | 65/66B | €4,807 | €4,367 | -€440 | -9.1% |
| Recurring financial charges | 65 | €4,807 | €4,367 | -€440 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €9,410 | €11,470 | +€2,060 | +21.9% |
| Income taxes | 67/77 | €4,603 | €4,774 | +€170 | +3.7% |
| Profit (loss) for the period | 9904 | €4,806 | €6,696 | +€1,890 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,806 | €6,696 | +€1,890 | +39.3% |
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 25 October 2026 via checked.be.