CUTITECH VADOUD: 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.
CUTITECH VADOUD
Largest movements
- Cash +€124,942
up €124,942 (+142%), from €87,801 to €212,743
mainly Current investments (+€70,000) and Depreciation (+€53,233)
- Current investments -€70,000
no longer reported in 2025 (was €70,000)
- Tangible fixed assets -€51,633
down €51,633 (-10.4%), from €497,128 to €445,494
of which Land and buildings: -€32,513
- Reserves +€24,232
up €24,232 (+20.3%), from €119,510 to €143,742
of which Distributable reserves: +€25,783
- Other debts -€14,046
down €14,046 (-3.5%), from €399,311 to €385,265
- Depreciation -€10,027
down €10,027 (-15.8%), from €63,260 to €53,233
- Gross operating margin -€4,794
down €4,794 (-4.6%), from €103,784 to €98,990
- Taxes +€1,724
up €1,724 (+14.7%), from €11,718 to €13,441
- Financial income +€1,180
up €1,180 (+20,307%), from €6 to €1,186
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 | €660,667 | €660,138 | -€529 | -0.1% |
| Fixed assets | 21/28 | €497,128 | €445,494 | -€51,633 | -10.4% |
| Tangible fixed assets | 22/27 | €497,128 | €445,494 | -€51,633 | -10.4% |
| Land and buildings | 22 | €445,233 | €412,720 | -€32,513 | -7.3% |
| Furniture and vehicles | 24 | €51,895 | €32,775 | -€19,120 | -36.8% |
| Current assets | 29/58 | €163,539 | €214,643 | +€51,104 | +31.2% |
| Amounts receivable within one year | 40/41 | €756 | - | -€756 | |
| Trade receivables | 40 | €756 | - | -€756 | |
| Current investments | 50/53 | €70,000 | - | -€70,000 | |
| Cash at bank and in hand | 54/58 | €87,801 | €212,743 | +€124,942 | +142% |
| Deferred charges and accrued income | 490/1 | €4,982 | €1,900 | -€3,082 | -61.9% |
| Total equity and liabilities | 10/49 | €660,667 | €660,138 | -€529 | -0.1% |
| Equity | 10/15 | €225,722 | €249,121 | +€23,399 | +10.4% |
| Contributions | 10/11 | €103,300 | €103,300 | = | 0.0% |
| Reserves | 13 | €119,510 | €143,742 | +€24,232 | +20.3% |
| Tax-exempt reserves | 132 | €29,510 | €27,959 | -€1,551 | -5.3% |
| Distributable reserves | 133 | €90,000 | €115,783 | +€25,783 | +28.6% |
| Profit (loss) carried forward | 14 | €2,912 | €2,079 | -€833 | -28.6% |
| Provisions and deferred taxes | 16 | €15,195 | €14,397 | -€799 | -5.3% |
| Deferred taxes | 168 | €15,195 | €14,397 | -€799 | -5.3% |
| Amounts payable | 17/49 | €419,749 | €396,620 | -€23,129 | -5.5% |
| Amounts payable within one year | 42/48 | €419,749 | €396,620 | -€23,129 | -5.5% |
| Trade debts | 44 | €3,611 | €1,055 | -€2,556 | -70.8% |
| Suppliers | 440/4 | €3,611 | €1,055 | -€2,556 | -70.8% |
| Taxes, remuneration and social security | 45 | €16,827 | €10,301 | -€6,527 | -38.8% |
| Taxes | 450/3 | €16,827 | €10,301 | -€6,527 | -38.8% |
| Other amounts payable | 47/48 | €399,311 | €385,265 | -€14,046 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,260 | €53,233 | -€10,027 | -15.8% |
| Other operating charges | 640/8 | €10,400 | €9,798 | -€603 | -5.8% |
| Gross operating margin | 9900 | €103,784 | €98,990 | -€4,794 | -4.6% |
| Operating profit (loss) | 9901 | €30,124 | €35,959 | +€5,835 | +19.4% |
| Financial income | 75/76B | €6 | €1,186 | +€1,180 | +20,307% |
| Recurring financial income | 75 | €6 | €1,186 | +€1,180 | +20,307% |
| Financial charges | 65/66B | €541 | €270 | -€271 | -50.0% |
| Recurring financial charges | 65 | €541 | €270 | -€271 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €29,589 | €36,875 | +€7,286 | +24.6% |
| Transfer from deferred taxes | 780 | €799 | €799 | = | 0.0% |
| Income taxes | 67/77 | €11,718 | €13,441 | +€1,724 | +14.7% |
| Profit (loss) for the period | 9904 | €18,670 | €24,232 | +€5,562 | +29.8% |
| Transfer from tax-exempt reserves | 789 | €1,551 | €1,551 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,221 | €25,783 | +€5,562 | +27.5% |
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 27 October 2026 via checked.be.