CUSTO BOX: 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.
CUSTO BOX
Largest movements
- Intangible fixed assets +€36,988
up €36,988 (+5.8%), from €642,843 to €679,830
- Receivables within one year +€31,027
up €31,027 (+59.3%), from €52,305 to €83,332
of which Other amounts receivable: +€28,354
- Cash +€10,878
up €10,878 (+13.3%), from €82,093 to €92,971
mainly Contributions, distributions and other (+€360,518) and Depreciation (+€97,371)
- Contributions +€360,518
up €360,518 (+46.7%), from €772,636 to €1.1m
- Profit (loss) carried forward -€307,566
down €307,566 (-42.6%), from -€721,690 to -€1.0m
- Trade debts +€85,049
up €85,049 (+93.8%), from €90,718 to €175,767
- Debts after one year -€65,117
down €65,117 (-11.1%), from €589,120 to €524,003
- Accrued charges and deferred income -€17,751
no longer reported in 2025 (was €17,751)
- Gross operating margin -€42,943
down €42,943 (-56.0%), from -€76,669 to -€119,611
- Staff costs +€42,632
up €42,632 (+324.1%), from €13,153 to €55,785
- Depreciation +€15,661
up €15,661 (+19.2%), from €81,710 to €97,371
- Financial charges +€14,717
up €14,717 (+74.8%), from €19,667 to €34,385
of which Financial charges: +€15,327
- Other operating charges -€3,321
down €3,321 (-88.9%), from €3,737 to €416
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 | €798,550 | €877,241 | +€78,691 | +9.9% |
| Fixed assets | 21/28 | €644,353 | €681,138 | +€36,785 | +5.7% |
| Intangible fixed assets | 21 | €642,843 | €679,830 | +€36,988 | +5.8% |
| Tangible fixed assets | 22/27 | €355 | €153 | -€202 | -56.9% |
| Plant, machinery and equipment | 23 | €355 | €153 | -€202 | -56.9% |
| Financial fixed assets | 28 | €1,155 | €1,155 | = | 0.0% |
| Current assets | 29/58 | €154,198 | €196,103 | +€41,905 | +27.2% |
| Stocks and contracts in progress | 3 | €19,800 | €19,800 | = | 0.0% |
| Stocks | 30/36 | €19,800 | €19,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,305 | €83,332 | +€31,027 | +59.3% |
| Trade receivables | 40 | - | €2,674 | +€2,674 | |
| Other amounts receivable | 41 | €52,305 | €80,658 | +€28,354 | +54.2% |
| Cash at bank and in hand | 54/58 | €82,093 | €92,971 | +€10,878 | +13.3% |
| Total equity and liabilities | 10/49 | €798,550 | €877,241 | +€78,691 | +9.9% |
| Equity | 10/15 | €50,946 | €103,898 | +€52,952 | +103.9% |
| Contributions | 10/11 | €772,636 | €1,133,154 | +€360,518 | +46.7% |
| Profit (loss) carried forward | 14 | -€721,690 | -€1,029,255 | -€307,566 | -42.6% |
| Amounts payable | 17/49 | €747,604 | €773,343 | +€25,738 | +3.4% |
| Amounts payable after more than one year | 17 | €589,120 | €524,003 | -€65,117 | -11.1% |
| Financial debts | 170/4 | €589,120 | €524,003 | -€65,117 | -11.1% |
| Amounts payable within one year | 42/48 | €140,733 | €249,340 | +€108,607 | +77.2% |
| Current portion of amounts payable after more than one year | 42 | €31,102 | €38,244 | +€7,142 | +23.0% |
| Trade debts | 44 | €90,718 | €175,767 | +€85,049 | +93.8% |
| Suppliers | 440/4 | €90,718 | €175,767 | +€85,049 | +93.8% |
| Taxes, remuneration and social security | 45 | €17,913 | €27,783 | +€9,870 | +55.1% |
| Taxes | 450/3 | €13,169 | €17,661 | +€4,492 | +34.1% |
| Remuneration and social security | 454/9 | €4,744 | €10,122 | +€5,378 | +113.4% |
| Other amounts payable | 47/48 | €1,000 | €7,546 | +€6,546 | +654.6% |
| Accrued charges and deferred income | 492/3 | €17,751 | - | -€17,751 | |
| Remuneration, social security and pensions | 62 | €13,153 | €55,785 | +€42,632 | +324.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,710 | €97,371 | +€15,661 | +19.2% |
| Other operating charges | 640/8 | €3,737 | €416 | -€3,321 | -88.9% |
| Gross operating margin | 9900 | -€76,669 | -€119,611 | -€42,943 | -56.0% |
| Operating profit (loss) | 9901 | -€175,268 | -€273,183 | -€97,915 | -55.9% |
| Financial income | 75/76B | €46 | €2 | -€44 | -96.4% |
| Recurring financial income | 75 | €46 | €2 | -€44 | -96.4% |
| Financial charges | 65/66B | €19,667 | €34,385 | +€14,717 | +74.8% |
| Recurring financial charges | 65 | €19,058 | €34,385 | +€15,327 | +80.4% |
| Non-recurring financial charges | 66B | €610 | - | -€610 | |
| Profit (loss) for the period before taxes | 9903 | -€194,889 | -€307,566 | -€112,677 | -57.8% |
| Income taxes | 67/77 | €73 | - | -€73 | |
| Profit (loss) for the period | 9904 | -€194,963 | -€307,566 | -€112,603 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€194,963 | -€307,566 | -€112,603 | -57.8% |
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 11 October 2026 via checked.be.