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CUUB: 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.

What changed

CUUB

BE 0473.377.618
NACE 43.350, Other building finishing work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,263
2024 · €434,092-€411,829
Equity
€146,231
2024 · €123,968+€22,263
Cash
€124,002
2024 · €225,881-€101,879
Balance sheet total
€623,134
2024 · €727,420-€104,287

Largest movements

2024 to 2025
Assets
  • Cash -€101,879

    down €101,879 (-45.1%), from €225,881 to €124,002

    mainly Trade debts (-€116,603) and Stocks and contracts (-€22,735)

  • Stocks and contracts +€22,735

    up €22,735 (+1277.3%), from €1,780 to €24,515

  • Tangible fixed assets -€18,567

    down €18,567 (-45.8%), from €40,525 to €21,958

    of which Furniture and vehicles: -€13,048

Equity and liabilities
  • Trade debts -€116,603

    down €116,603 (-44.5%), from €262,126 to €145,523

  • Profit (loss) carried forward +€22,263

    up €22,263 (+5.7%), from -€392,545 to -€370,282

  • Tax, wage and social debts -€7,597

    down €7,597 (-13.4%), from €56,801 to €49,204

    of which Taxes: -€5,605

Income statement
  • Gross operating margin -€428,968

    down €428,968 (-38.1%), from €1.1m to €695,660

  • Staff costs -€13,734

    down €13,734 (-2.1%), from €642,746 to €629,013

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €434,092
Gross operating margin -€428,968
Staff costs +€13,734
Depreciation +€3,049
Other operating charges +€10,984
Other operating items -€2,806
Financial income -€4,142
Financial charges +€2,541
Taxes -€6,221
Result 2025 €22,263

Cash bridge derived

cash 2024 to 2025

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.

From operations -€104,685
Investment +€2,806
Financing €0
Cash 2024 €225,881
Net result for the year +€22,263
Depreciation +€15,761
Stocks and contracts -€22,735
Receivables within one year +€7,110
Deferred charges and accrued income -€534
Trade debts -€116,603
Tax, wage and social debts -€7,597
Accrued charges and deferred income -€2,350
Investment in fixed assets (net) +€2,806
Cash 2025 €124,002
Every line side by side 47 lines
Line Code 2024 2025 Change %
Total assets 20/58 €727,420 €623,134 -€104,287 -14.3%
Fixed assets 21/28 €44,275 €25,708 -€18,567 -41.9%
Tangible fixed assets 22/27 €40,525 €21,958 -€18,567 -45.8%
Plant, machinery and equipment 23 €12,053 €6,534 -€5,519 -45.8%
Furniture and vehicles 24 €28,472 €15,425 -€13,048 -45.8%
Financial fixed assets 28 €3,750 €3,750 = 0.0%
Current assets 29/58 €683,145 €597,425 -€85,720 -12.5%
Stocks and contracts in progress 3 €1,780 €24,515 +€22,735 +1277.3%
Stocks 30/36 €1,780 €24,515 +€22,735 +1277.3%
Amounts receivable within one year 40/41 €427,884 €420,774 -€7,110 -1.7%
Trade receivables 40 €409,021 €358,984 -€50,037 -12.2%
Other amounts receivable 41 €18,863 €61,789 +€42,926 +227.6%
Cash at bank and in hand 54/58 €225,881 €124,002 -€101,879 -45.1%
Deferred charges and accrued income 490/1 €27,601 €28,135 +€534 +1.9%
Total equity and liabilities 10/49 €727,420 €623,134 -€104,287 -14.3%
Equity 10/15 €123,968 €146,231 +€22,263 +18.0%
Contributions 10/11 €6,667 €6,667 = 0.0%
Reserves 13 €509,846 €509,846 = 0.0%
Non-distributable reserves 130/1 €2,000 - -€2,000
Reserves not available under the articles 1311 €2,000 - -€2,000
Tax-exempt reserves 132 €192,237 €192,237 = 0.0%
Distributable reserves 133 €315,609 €317,609 +€2,000 +0.6%
Profit (loss) carried forward 14 -€392,545 -€370,282 +€22,263 +5.7%
Amounts payable 17/49 €603,452 €476,903 -€126,550 -21.0%
Amounts payable within one year 42/48 €583,402 €459,203 -€124,200 -21.3%
Trade debts 44 €262,126 €145,523 -€116,603 -44.5%
Suppliers 440/4 €262,126 €145,523 -€116,603 -44.5%
Taxes, remuneration and social security 45 €56,801 €49,204 -€7,597 -13.4%
Taxes 450/3 €15,613 €10,008 -€5,605 -35.9%
Remuneration and social security 454/9 €41,188 €39,196 -€1,992 -4.8%
Other amounts payable 47/48 €264,475 €264,475 = 0.0%
Accrued charges and deferred income 492/3 €20,050 €17,700 -€2,350 -11.7%
Non-recurring operating income 76A €670,386 - -€670,386
Remuneration, social security and pensions 62 €642,746 €629,013 -€13,734 -2.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €18,810 €15,761 -€3,049 -16.2%
Other operating charges 640/8 €13,347 €2,363 -€10,984 -82.3%
Non-recurring operating charges 66A - €2,806 +€2,806
Gross operating margin 9900 €1,124,628 €695,660 -€428,968 -38.1%
Operating profit (loss) 9901 €449,725 €45,717 -€404,008 -89.8%
Financial income 75/76B €6,107 €1,966 -€4,142 -67.8%
Recurring financial income 75 €6,107 €1,966 -€4,142 -67.8%
Financial charges 65/66B €21,741 €19,199 -€2,541 -11.7%
Recurring financial charges 65 €21,741 €19,199 -€2,541 -11.7%
Profit (loss) for the period before taxes 9903 €434,092 €28,484 -€405,608 -93.4%
Income taxes 67/77 - €6,221 +€6,221
Profit (loss) for the period 9904 €434,092 €22,263 -€411,829 -94.9%
Profit (loss) for the period to be appropriated 9905 €434,092 €22,263 -€411,829 -94.9%

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.