CUSZCO: 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.
CUSZCO
Largest movements
- Receivables within one year -€64,913
down €64,913 (-21.7%), from €299,603 to €234,690
of which Other amounts receivable: -€64,913
- Cash +€10,395
up €10,395 (+102.0%), from €10,189 to €20,584
mainly Receivables within one year (+€64,913) and Depreciation (+€26,831)
- Tangible fixed assets -€10,312
down €10,312 (-1.9%), from €545,694 to €535,382
of which Land and buildings: -€22,649
- Reserves -€29,151
down €29,151 (-11.0%), from €264,283 to €235,132
of which Distributable reserves: -€23,231
- Debts after one year -€24,123
down €24,123 (-9.8%), from €246,810 to €222,687
- Financial income -€10,846
down €10,846 (-61.5%), from €17,646 to €6,800
- Gross operating margin -€8,428
down €8,428 (-26.8%), from €31,401 to €22,974
- Taxes -€5,647
down €5,647 (-69.5%), from €8,122 to €2,475
- Depreciation +€1,216
up €1,216 (+4.7%), from €25,616 to €26,831
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 | €856,252 | €791,421 | -€64,831 | -7.6% |
| Fixed assets | 21/28 | €546,460 | €536,148 | -€10,312 | -1.9% |
| Tangible fixed assets | 22/27 | €545,694 | €535,382 | -€10,312 | -1.9% |
| Land and buildings | 22 | €537,836 | €515,187 | -€22,649 | -4.2% |
| Plant, machinery and equipment | 23 | €3,924 | €16,261 | +€12,337 | +314.4% |
| Furniture and vehicles | 24 | €3,934 | €3,934 | = | 0.0% |
| Financial fixed assets | 28 | €766 | €766 | = | 0.0% |
| Current assets | 29/58 | €309,792 | €255,274 | -€54,518 | -17.6% |
| Amounts receivable within one year | 40/41 | €299,603 | €234,690 | -€64,913 | -21.7% |
| Trade receivables | 40 | €43,098 | €43,098 | = | 0.0% |
| Other amounts receivable | 41 | €256,505 | €191,592 | -€64,913 | -25.3% |
| Cash at bank and in hand | 54/58 | €10,189 | €20,584 | +€10,395 | +102.0% |
| Total equity and liabilities | 10/49 | €856,252 | €791,421 | -€64,831 | -7.6% |
| Equity | 10/15 | €411,002 | €383,699 | -€27,303 | -6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €264,283 | €235,132 | -€29,151 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,193 | €190,272 | -€5,920 | -3.0% |
| Distributable reserves | 133 | €66,231 | €43,000 | -€23,231 | -35.1% |
| Profit (loss) carried forward | 14 | €128,118 | €129,966 | +€1,848 | +1.4% |
| Provisions and deferred taxes | 16 | €101,024 | €97,975 | -€3,049 | -3.0% |
| Provisions for liabilities and charges | 160/5 | €101,024 | €97,975 | -€3,049 | -3.0% |
| Taxes | 161 | €101,024 | €97,975 | -€3,049 | -3.0% |
| Amounts payable | 17/49 | €344,226 | €309,748 | -€34,479 | -10.0% |
| Amounts payable after more than one year | 17 | €246,810 | €222,687 | -€24,123 | -9.8% |
| Financial debts | 170/4 | €246,810 | €222,687 | -€24,123 | -9.8% |
| Amounts payable within one year | 42/48 | €97,417 | €87,061 | -€10,356 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €23,543 | €22,686 | -€857 | -3.6% |
| Taxes, remuneration and social security | 45 | €13,855 | €9,145 | -€4,710 | -34.0% |
| Taxes | 450/3 | €13,855 | €9,145 | -€4,710 | -34.0% |
| Other amounts payable | 47/48 | €60,019 | €55,230 | -€4,789 | -8.0% |
| Non-recurring operating income | 76A | €39,000 | €39,052 | +€52 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,616 | €26,831 | +€1,216 | +4.7% |
| Other operating charges | 640/8 | €2,454 | €2,554 | +€100 | +4.1% |
| Gross operating margin | 9900 | €31,401 | €22,974 | -€8,428 | -26.8% |
| Operating profit (loss) | 9901 | €3,331 | -€6,412 | -€9,743 | |
| Financial income | 75/76B | €17,646 | €6,800 | -€10,846 | -61.5% |
| Recurring financial income | 75 | €17,646 | €6,800 | -€10,846 | -61.5% |
| Financial charges | 65/66B | €5,057 | €5,035 | -€22 | -0.4% |
| Recurring financial charges | 65 | €5,057 | €5,035 | -€22 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €15,921 | -€4,646 | -€20,567 | |
| Transfer from deferred taxes | 780 | €3,049 | €3,049 | = | 0.0% |
| Income taxes | 67/77 | €8,122 | €2,475 | -€5,647 | -69.5% |
| Profit (loss) for the period | 9904 | €10,847 | -€4,073 | -€14,920 | |
| Transfer from tax-exempt reserves | 789 | €5,920 | €5,920 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,768 | €1,848 | -€14,920 | -89.0% |
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 3 October 2026 via checked.be.