CuvelArr Medical: 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.
CuvelArr Medical
Largest movements
- Intangible fixed assets -€22,500
down €22,500 (-23.7%), from €94,932 to €72,432
- Receivables within one year -€5,564
down €5,564 (-20.7%), from €26,920 to €21,355
of which Trade receivables: -€5,316
- Tangible fixed assets +€4,714
up €4,714 (+201%), from €2,343 to €7,058
- Cash +€3,104
up €3,104 (+3.5%), from €89,507 to €92,611
mainly Net result for the year (+€92,107) and Depreciation (+€23,231)
- Debts after one year -€12,306
down €12,306 (-62.8%), from €19,587 to €7,281
- Other debts -€8,251
down €8,251 (-4.8%), from €173,359 to €165,108
No income-statement line moved by more than 1% of the activity.
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 | €214,318 | €193,650 | -€20,668 | -9.6% |
| Fixed assets | 21/28 | €97,275 | €79,489 | -€17,786 | -18.3% |
| Intangible fixed assets | 21 | €94,932 | €72,432 | -€22,500 | -23.7% |
| Tangible fixed assets | 22/27 | €2,343 | €7,058 | +€4,714 | +201% |
| Furniture and vehicles | 24 | €2,343 | €7,058 | +€4,714 | +201% |
| Current assets | 29/58 | €117,043 | €114,161 | -€2,882 | -2.5% |
| Amounts receivable within one year | 40/41 | €26,920 | €21,355 | -€5,564 | -20.7% |
| Trade receivables | 40 | €26,671 | €21,355 | -€5,316 | -19.9% |
| Other amounts receivable | 41 | €248 | - | -€248 | |
| Cash at bank and in hand | 54/58 | €89,507 | €92,611 | +€3,104 | +3.5% |
| Deferred charges and accrued income | 490/1 | €617 | €195 | -€422 | -68.4% |
| Total equity and liabilities | 10/49 | €214,318 | €193,650 | -€20,668 | -9.6% |
| Equity | 10/15 | €5,496 | €5,603 | +€107 | +2.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,496 | €1,603 | +€107 | +7.2% |
| Amounts payable | 17/49 | €208,822 | €188,047 | -€20,775 | -9.9% |
| Amounts payable after more than one year | 17 | €19,587 | €7,281 | -€12,306 | -62.8% |
| Financial debts | 170/4 | €19,587 | €7,281 | -€12,306 | -62.8% |
| Amounts payable within one year | 42/48 | €189,235 | €180,765 | -€8,469 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €12,086 | €12,306 | +€219 | +1.8% |
| Trade debts | 44 | €2,304 | €722 | -€1,582 | -68.7% |
| Suppliers | 440/4 | €2,304 | €722 | -€1,582 | -68.7% |
| Taxes, remuneration and social security | 45 | €1,486 | €2,630 | +€1,145 | +77.0% |
| Taxes | 450/3 | - | €1,192 | +€1,192 | |
| Remuneration and social security | 454/9 | €1,486 | €1,438 | -€47 | -3.2% |
| Other amounts payable | 47/48 | €173,359 | €165,108 | -€8,251 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,111 | €23,231 | -€880 | -3.6% |
| Other operating charges | 640/8 | €531 | €400 | -€132 | -24.8% |
| Gross operating margin | 9900 | €146,809 | €147,629 | +€820 | +0.6% |
| Operating profit (loss) | 9901 | €122,167 | €123,998 | +€1,832 | +1.5% |
| Financial charges | 65/66B | €1,023 | €699 | -€324 | -31.7% |
| Recurring financial charges | 65 | €1,023 | €699 | -€324 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €121,144 | €123,299 | +€2,156 | +1.8% |
| Income taxes | 67/77 | €31,752 | €31,192 | -€560 | -1.8% |
| Profit (loss) for the period | 9904 | €89,392 | €92,107 | +€2,715 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,392 | €92,107 | +€2,715 | +3.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.