CUVELIER: 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.
CUVELIER
Largest movements
- Receivables within one year +€1,369
up €1,369 (+5.0%), from €27,128 to €28,498
of which Other amounts receivable: +€11,893
- Deferred charges and accrued income +€1,185
up €1,185 (+535.6%), from €221 to €1,407
- Tangible fixed assets +€599
up €599 (+6.1%), from €9,787 to €10,386
of which Furniture and vehicles: +€2,710
- Reserves +€3,235
up €3,235 (+1928.3%), from €168 to €3,403
- Short-term financial debts -€2,473
down €2,473 (-81.7%), from €3,027 to €554
- Tax, wage and social debts +€2,248
up €2,248 (+46.9%), from €4,793 to €7,041
- Gross operating margin +€5,741
up €5,741 (+166.5%), from €3,448 to €9,189
- Taxes +€1,262
up €1,262 (+199.3%), from €633 to €1,896
- Financial income +€1,047
up €1,047 (+1708.9%), from €61 to €1,109
- Depreciation -€585
down €585 (-13.3%), from €4,388 to €3,803
- Other operating charges +€151
up €151 (+20.0%), from €754 to €905
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 | €37,136 | €40,290 | +€3,154 | +8.5% |
| Fixed assets | 21/28 | €9,787 | €10,386 | +€599 | +6.1% |
| Tangible fixed assets | 22/27 | €9,787 | €10,386 | +€599 | +6.1% |
| Plant, machinery and equipment | 23 | €7,822 | €5,711 | -€2,111 | -27.0% |
| Furniture and vehicles | 24 | €1,965 | €4,675 | +€2,710 | +137.9% |
| Current assets | 29/58 | €27,350 | €29,904 | +€2,555 | +9.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €27,128 | €28,498 | +€1,369 | +5.0% |
| Trade receivables | 40 | €10,524 | €0 | -€10,524 | -100.0% |
| Other amounts receivable | 41 | €16,605 | €28,498 | +€11,893 | +71.6% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €221 | €1,407 | +€1,185 | +535.6% |
| Total equity and liabilities | 10/49 | €37,136 | €40,290 | +€3,154 | +8.5% |
| Equity | 10/15 | €28,663 | €31,898 | +€3,235 | +11.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €168 | €3,403 | +€3,235 | +1928.3% |
| Distributable reserves | 133 | €168 | €3,403 | +€3,235 | +1928.3% |
| Profit (loss) carried forward | 14 | €9,903 | €9,903 | = | 0.0% |
| Amounts payable | 17/49 | €8,474 | €8,392 | -€81 | -1.0% |
| Amounts payable within one year | 42/48 | €8,474 | €8,194 | -€280 | -3.3% |
| Financial debts | 43 | €3,027 | €554 | -€2,473 | -81.7% |
| Credit institutions | 430/8 | €3,027 | €554 | -€2,473 | -81.7% |
| Trade debts | 44 | €653 | €599 | -€55 | -8.4% |
| Suppliers | 440/4 | €653 | €599 | -€55 | -8.4% |
| Taxes, remuneration and social security | 45 | €4,793 | €7,041 | +€2,248 | +46.9% |
| Taxes | 450/3 | €4,793 | €7,041 | +€2,248 | +46.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €199 | +€199 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,388 | €3,803 | -€585 | -13.3% |
| Other operating charges | 640/8 | €754 | €905 | +€151 | +20.0% |
| Gross operating margin | 9900 | €3,448 | €9,189 | +€5,741 | +166.5% |
| Operating profit (loss) | 9901 | -€1,695 | €4,481 | +€6,176 | |
| Financial income | 75/76B | €61 | €1,109 | +€1,047 | +1708.9% |
| Recurring financial income | 75 | €61 | €1,109 | +€1,047 | +1708.9% |
| Financial charges | 65/66B | €527 | €459 | -€68 | -12.9% |
| Recurring financial charges | 65 | €527 | €459 | -€68 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,160 | €5,131 | +€7,291 | |
| Income taxes | 67/77 | €633 | €1,896 | +€1,262 | +199.3% |
| Profit (loss) for the period | 9904 | -€2,794 | €3,235 | +€6,029 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,794 | €3,235 | +€6,029 |
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 8 October 2026 via checked.be.