CUTTING EDGE TECHNOLOGIES: 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.
CUTTING EDGE TECHNOLOGIES
Largest movements
- Cash -€101,162
down €101,162 (-92.1%), from €109,791 to €8,629
mainly Trade debts (-€149,424) and Tax, wage and social debts (-€71,034)
- Receivables within one year -€74,599
down €74,599 (-9.1%), from €817,522 to €742,923
of which Trade receivables: -€160,379
- Trade debts -€149,424
down €149,424 (-45.0%), from €331,841 to €182,417
- Profit (loss) carried forward +€94,942
up €94,942, from -€32,265 to €62,678
- Tax, wage and social debts -€71,034
down €71,034 (-53.3%), from €133,268 to €62,234
of which Remuneration and social security: -€75,624
- Debts after one year -€44,755
down €44,755 (-59.4%), from €75,302 to €30,548
- Gross operating margin +€129,951
up €129,951 (+19.6%), from €661,813 to €791,764
- Staff costs +€95,840
up €95,840 (+17.6%), from €544,225 to €640,065
- Financial income +€85,590
up €85,590 (+2079.5%), from €4,116 to €89,706
of which Non-recurring financial income: +€89,446
- Financial charges +€24,948
up €24,948 (+95.2%), from €26,194 to €51,142
- Taxes -€11,913
down €11,913 (-23.8%), from €50,000 to €38,087
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 | €1,177,832 | €1,009,426 | -€168,406 | -14.3% |
| Fixed assets | 21/28 | €177,726 | €178,779 | +€1,053 | +0.6% |
| Tangible fixed assets | 22/27 | €156,276 | €157,329 | +€1,053 | +0.7% |
| Plant, machinery and equipment | 23 | €74,485 | €51,993 | -€22,492 | -30.2% |
| Furniture and vehicles | 24 | €21,197 | €11,132 | -€10,064 | -47.5% |
| Other tangible fixed assets | 26 | €60,595 | €94,204 | +€33,609 | +55.5% |
| Financial fixed assets | 28 | €21,450 | €21,450 | = | 0.0% |
| Current assets | 29/58 | €1,000,106 | €830,646 | -€169,460 | -16.9% |
| Amounts receivable after more than one year | 29 | €69,008 | €69,008 | = | 0.0% |
| Other amounts receivable | 291 | €69,008 | €69,008 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,457 | €7,394 | +€3,938 | +113.9% |
| Stocks | 30/36 | €3,457 | €7,394 | +€3,938 | +113.9% |
| Amounts receivable within one year | 40/41 | €817,522 | €742,923 | -€74,599 | -9.1% |
| Trade receivables | 40 | €416,280 | €255,901 | -€160,379 | -38.5% |
| Other amounts receivable | 41 | €401,242 | €487,022 | +€85,780 | +21.4% |
| Cash at bank and in hand | 54/58 | €109,791 | €8,629 | -€101,162 | -92.1% |
| Deferred charges and accrued income | 490/1 | €329 | €2,692 | +€2,363 | +718.7% |
| Total equity and liabilities | 10/49 | €1,177,832 | €1,009,426 | -€168,406 | -14.3% |
| Equity | 10/15 | €411,295 | €506,237 | +€94,942 | +23.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €424,960 | €424,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,927 | €3,927 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,927 | €3,927 | = | 0.0% |
| Distributable reserves | 133 | €421,033 | €421,033 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,265 | €62,678 | +€94,942 | |
| Amounts payable | 17/49 | €766,537 | €503,189 | -€263,349 | -34.4% |
| Amounts payable after more than one year | 17 | €75,302 | €30,548 | -€44,755 | -59.4% |
| Financial debts | 170/4 | €75,302 | €30,548 | -€44,755 | -59.4% |
| Amounts payable within one year | 42/48 | €691,235 | €472,641 | -€218,594 | -31.6% |
| Current portion of amounts payable after more than one year | 42 | €46,895 | €46,440 | -€455 | -1.0% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €331,841 | €182,417 | -€149,424 | -45.0% |
| Suppliers | 440/4 | €331,841 | €182,417 | -€149,424 | -45.0% |
| Advances received on contracts in progress | 46 | €29,176 | €23,145 | -€6,031 | -20.7% |
| Taxes, remuneration and social security | 45 | €133,268 | €62,234 | -€71,034 | -53.3% |
| Taxes | 450/3 | €19,393 | €23,984 | +€4,590 | +23.7% |
| Remuneration and social security | 454/9 | €113,875 | €38,251 | -€75,624 | -66.4% |
| Other amounts payable | 47/48 | €100,055 | €108,404 | +€8,349 | +8.3% |
| Non-recurring operating income | 76A | - | €4,208 | +€4,208 | |
| Remuneration, social security and pensions | 62 | €544,225 | €640,065 | +€95,840 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,945 | €45,824 | +€3,879 | +9.2% |
| Other operating charges | 640/8 | €4,178 | €9,288 | +€5,111 | +122.3% |
| Non-recurring operating charges | 66A | €31,653 | €2,122 | -€29,531 | -93.3% |
| Gross operating margin | 9900 | €661,813 | €791,764 | +€129,951 | +19.6% |
| Operating profit (loss) | 9901 | €39,813 | €94,465 | +€54,652 | +137.3% |
| Financial income | 75/76B | €4,116 | €89,706 | +€85,590 | +2079.5% |
| Recurring financial income | 75 | €4,116 | €260 | -€3,856 | -93.7% |
| Non-recurring financial income | 76B | - | €89,446 | +€89,446 | |
| Financial charges | 65/66B | €26,194 | €51,142 | +€24,948 | +95.2% |
| Recurring financial charges | 65 | €26,194 | €51,142 | +€24,948 | +95.2% |
| Profit (loss) for the period before taxes | 9903 | €17,735 | €133,029 | +€115,294 | +650.1% |
| Income taxes | 67/77 | €50,000 | €38,087 | -€11,913 | -23.8% |
| Profit (loss) for the period | 9904 | -€32,265 | €94,942 | +€127,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€32,265 | €94,942 | +€127,207 |
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 1 October 2026 via checked.be.