CUVATRA: 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.
CUVATRA
Largest movements
- Tangible fixed assets -€39,546
down €39,546 (-45.1%), from €87,638 to €48,092
- Cash +€20,170
up €20,170 (+52.2%), from €38,654 to €58,823
mainly Depreciation (+€40,302) and Net result for the year (+€12,032)
- Receivables within one year -€11,418
down €11,418 (-12.6%), from €90,438 to €79,020
of which Trade receivables: -€15,319
- Debts after one year -€19,775
down €19,775 (-44.8%), from €44,101 to €24,327
- Other debts -€15,083
no longer reported in 2025 (was €15,083)
- Reserves +€12,032
up €12,032 (+9.3%), from €129,266 to €141,298
of which Distributable reserves: +€12,032
- Current portion of long-term debt -€6,119
down €6,119 (-23.6%), from €25,894 to €19,775
- Gross operating margin +€6,425
up €6,425 (+11.3%), from €56,814 to €63,239
- Depreciation -€2,382
down €2,382 (-5.6%), from €42,683 to €40,302
- Financial charges -€1,207
down €1,207 (-33.5%), from €3,608 to €2,400
- Other operating charges +€1,064
up €1,064 (+34.3%), from €3,102 to €4,166
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 | €255,990 | €225,832 | -€30,158 | -11.8% |
| Fixed assets | 21/28 | €87,997 | €48,452 | -€39,546 | -44.9% |
| Tangible fixed assets | 22/27 | €87,638 | €48,092 | -€39,546 | -45.1% |
| Furniture and vehicles | 24 | €87,638 | €48,092 | -€39,546 | -45.1% |
| Financial fixed assets | 28 | €359 | €359 | = | 0.0% |
| Current assets | 29/58 | €167,993 | €177,380 | +€9,388 | +5.6% |
| Amounts receivable within one year | 40/41 | €90,438 | €79,020 | -€11,418 | -12.6% |
| Trade receivables | 40 | €78,928 | €63,609 | -€15,319 | -19.4% |
| Other amounts receivable | 41 | €11,510 | €15,410 | +€3,901 | +33.9% |
| Current investments | 50/53 | €31,698 | €31,831 | +€134 | +0.4% |
| Cash at bank and in hand | 54/58 | €38,654 | €58,823 | +€20,170 | +52.2% |
| Deferred charges and accrued income | 490/1 | €7,203 | €7,706 | +€503 | +7.0% |
| Total equity and liabilities | 10/49 | €255,990 | €225,832 | -€30,158 | -11.8% |
| Equity | 10/15 | €137,950 | €149,983 | +€12,032 | +8.7% |
| Contributions | 10/11 | €8,684 | €8,684 | = | 0.0% |
| Reserves | 13 | €129,266 | €141,298 | +€12,032 | +9.3% |
| Tax-exempt reserves | 132 | €17,496 | €17,496 | = | 0.0% |
| Distributable reserves | 133 | €111,770 | €123,802 | +€12,032 | +10.8% |
| Amounts payable | 17/49 | €118,040 | €75,849 | -€42,190 | -35.7% |
| Amounts payable after more than one year | 17 | €44,101 | €24,327 | -€19,775 | -44.8% |
| Financial debts | 170/4 | €44,101 | €24,327 | -€19,775 | -44.8% |
| Amounts payable within one year | 42/48 | €73,938 | €51,523 | -€22,415 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €25,894 | €19,775 | -€6,119 | -23.6% |
| Trade debts | 44 | €21,314 | €22,073 | +€759 | +3.6% |
| Suppliers | 440/4 | €21,314 | €22,073 | +€759 | +3.6% |
| Taxes, remuneration and social security | 45 | €11,647 | €9,675 | -€1,972 | -16.9% |
| Taxes | 450/3 | €11,647 | €9,675 | -€1,972 | -16.9% |
| Other amounts payable | 47/48 | €15,083 | - | -€15,083 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,683 | €40,302 | -€2,382 | -5.6% |
| Other operating charges | 640/8 | €3,102 | €4,166 | +€1,064 | +34.3% |
| Gross operating margin | 9900 | €56,814 | €63,239 | +€6,425 | +11.3% |
| Operating profit (loss) | 9901 | €11,029 | €18,772 | +€7,743 | +70.2% |
| Financial income | 75/76B | €210 | €212 | +€2 | +0.8% |
| Recurring financial income | 75 | €210 | €212 | +€2 | +0.8% |
| Financial charges | 65/66B | €3,608 | €2,400 | -€1,207 | -33.5% |
| Recurring financial charges | 65 | €3,608 | €2,400 | -€1,207 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €7,631 | €16,583 | +€8,952 | +117% |
| Income taxes | 67/77 | €4,730 | €4,551 | -€179 | -3.8% |
| Profit (loss) for the period | 9904 | €2,901 | €12,032 | +€9,131 | +315% |
| Profit (loss) for the period to be appropriated | 9905 | €2,901 | €12,032 | +€9,131 | +315% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.