CUTICO: 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.
CUTICO
Largest movements
- Cash -€22,817
down €22,817 (-74.1%), from €30,808 to €7,991
mainly Receivables within one year (-€21,675) and Investment in fixed assets (net) (-€18,081)
- Receivables within one year +€21,675
new in 2025: €21,675
of which Trade receivables: +€12,926
- Tangible fixed assets +€15,396
new in 2025: €15,396
- Profit (loss) carried forward +€19,355
up €19,355 (+175.3%), from €11,040 to €30,395
- Trade debts -€11,014
down €11,014 (-81.7%), from €13,486 to €2,472
- Other debts +€3,500
new in 2025: €3,500
- Tax, wage and social debts +€2,414
up €2,414 (+45.7%), from €5,281 to €7,695
- Gross operating margin +€13,056
up €13,056 (+85.6%), from €15,256 to €28,312
- Taxes +€1,983
up €1,983 (+69.4%), from €2,856 to €4,839
- Depreciation +€1,427
up €1,427 (+113.4%), from €1,258 to €2,685
- Other operating charges +€1,231
new in 2025: €1,231
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 | €30,808 | €45,062 | +€14,254 | +46.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | - | €15,396 | +€15,396 | |
| Tangible fixed assets | 22/27 | - | €15,396 | +€15,396 | |
| Furniture and vehicles | 24 | - | €15,396 | +€15,396 | |
| Current assets | 29/58 | €30,808 | €29,666 | -€1,142 | -3.7% |
| Amounts receivable within one year | 40/41 | - | €21,675 | +€21,675 | |
| Trade receivables | 40 | - | €12,926 | +€12,926 | |
| Other amounts receivable | 41 | - | €8,749 | +€8,749 | |
| Cash at bank and in hand | 54/58 | €30,808 | €7,991 | -€22,817 | -74.1% |
| Total equity and liabilities | 10/49 | €30,808 | €45,062 | +€14,254 | +46.3% |
| Equity | 10/15 | €12,040 | €31,395 | +€19,355 | +160.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,040 | €30,395 | +€19,355 | +175.3% |
| Amounts payable | 17/49 | €18,767 | €13,667 | -€5,101 | -27.2% |
| Amounts payable within one year | 42/48 | €18,767 | €13,667 | -€5,101 | -27.2% |
| Trade debts | 44 | €13,486 | €2,472 | -€11,014 | -81.7% |
| Suppliers | 440/4 | €13,486 | €2,472 | -€11,014 | -81.7% |
| Taxes, remuneration and social security | 45 | €5,281 | €7,695 | +€2,414 | +45.7% |
| Taxes | 450/3 | €5,281 | €7,695 | +€2,414 | +45.7% |
| Other amounts payable | 47/48 | - | €3,500 | +€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | €2,685 | +€1,427 | +113.4% |
| Other operating charges | 640/8 | - | €1,231 | +€1,231 | |
| Gross operating margin | 9900 | €15,256 | €28,312 | +€13,056 | +85.6% |
| Operating profit (loss) | 9901 | €13,998 | €24,396 | +€10,398 | +74.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €102 | €206 | +€104 | +102.2% |
| Recurring financial charges | 65 | €102 | €206 | +€104 | +102.2% |
| Profit (loss) for the period before taxes | 9903 | €13,896 | €24,193 | +€10,297 | +74.1% |
| Income taxes | 67/77 | €2,856 | €4,839 | +€1,983 | +69.4% |
| Profit (loss) for the period | 9904 | €11,040 | €19,355 | +€8,314 | +75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,040 | €19,355 | +€8,314 | +75.3% |
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 30 September 2026 via checked.be.