CUVELIER & Co: 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 & Co
Largest movements
- Tangible fixed assets -€24,339
down €24,339 (-7.4%), from €328,597 to €304,258
of which Land and buildings: -€21,313
- Receivables within one year -€14,997
no longer reported in 2025 (was €14,997)
- Cash -€13,721
down €13,721 (-76.9%), from €17,842 to €4,121
mainly Trade debts (-€17,109) and Debts after one year (-€12,702)
- Trade debts -€17,109
down €17,109 (-60.6%), from €28,216 to €11,107
- Debts after one year -€12,702
down €12,702 (-25.7%), from €49,413 to €36,711
- Provisions -€9,914
down €9,914 (-15.5%), from €63,847 to €53,933
of which Provisions for liabilities and charges: -€7,500
- Other debts -€7,908
down €7,908 (-95.5%), from €8,281 to €373
- Reserves -€7,241
down €7,241 (-4.4%), from €163,908 to €156,666
of which Tax-exempt reserves: -€7,241
- Gross operating margin -€8,595
down €8,595 (-19.4%), from €44,387 to €35,791
- Other operating charges -€2,436
down €2,436 (-56.0%), from €4,353 to €1,917
- Taxes -€1,110
down €1,110 (-43.0%), from €2,579 to €1,469
- Depreciation -€794
down €794 (-2.4%), from €33,717 to €32,924
- Financial charges -€639
down €639 (-11.4%), from €5,606 to €4,967
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 | €362,865 | €309,042 | -€53,823 | -14.8% |
| Fixed assets | 21/28 | €329,260 | €304,921 | -€24,339 | -7.4% |
| Tangible fixed assets | 22/27 | €328,597 | €304,258 | -€24,339 | -7.4% |
| Land and buildings | 22 | €269,017 | €247,704 | -€21,313 | -7.9% |
| Plant, machinery and equipment | 23 | €21,376 | €18,945 | -€2,431 | -11.4% |
| Furniture and vehicles | 24 | €2,031 | €6,066 | +€4,036 | +198.7% |
| Other tangible fixed assets | 26 | €36,174 | €31,542 | -€4,631 | -12.8% |
| Financial fixed assets | 28 | €663 | €663 | = | 0.0% |
| Current assets | 29/58 | €33,605 | €4,121 | -€29,484 | -87.7% |
| Amounts receivable within one year | 40/41 | €14,997 | - | -€14,997 | |
| Trade receivables | 40 | €14,997 | - | -€14,997 | |
| Cash at bank and in hand | 54/58 | €17,842 | €4,121 | -€13,721 | -76.9% |
| Deferred charges and accrued income | 490/1 | €766 | - | -€766 | |
| Total equity and liabilities | 10/49 | €362,865 | €309,042 | -€53,823 | -14.8% |
| Equity | 10/15 | €193,006 | €189,934 | -€3,072 | -1.6% |
| Contributions | 10/11 | €26,250 | €26,250 | = | 0.0% |
| Reserves | 13 | €163,908 | €156,666 | -€7,241 | -4.4% |
| Non-distributable reserves | 130/1 | €2,804 | €2,804 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,804 | €2,804 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,104 | €33,863 | -€7,241 | -17.6% |
| Distributable reserves | 133 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,848 | €7,017 | +€4,169 | +146.4% |
| Provisions and deferred taxes | 16 | €63,847 | €53,933 | -€9,914 | -15.5% |
| Provisions for liabilities and charges | 160/5 | €48,655 | €41,155 | -€7,500 | -15.4% |
| Pensions and similar obligations | 160 | €28,780 | €28,780 | = | 0.0% |
| Other liabilities and charges | 164/5 | €19,875 | €12,375 | -€7,500 | -37.7% |
| Deferred taxes | 168 | €15,192 | €12,778 | -€2,414 | -15.9% |
| Amounts payable | 17/49 | €106,012 | €65,175 | -€40,837 | -38.5% |
| Amounts payable after more than one year | 17 | €49,413 | €36,711 | -€12,702 | -25.7% |
| Financial debts | 170/4 | €49,413 | €36,711 | -€12,702 | -25.7% |
| Amounts payable within one year | 42/48 | €56,493 | €28,464 | -€28,029 | -49.6% |
| Current portion of amounts payable after more than one year | 42 | €14,283 | €12,702 | -€1,581 | -11.1% |
| Financial debts | 43 | €784 | - | -€784 | |
| Credit institutions | 430/8 | €784 | - | -€784 | |
| Trade debts | 44 | €28,216 | €11,107 | -€17,109 | -60.6% |
| Suppliers | 440/4 | €28,216 | €11,107 | -€17,109 | -60.6% |
| Taxes, remuneration and social security | 45 | €4,929 | €4,282 | -€647 | -13.1% |
| Taxes | 450/3 | €4,929 | €4,282 | -€647 | -13.1% |
| Other amounts payable | 47/48 | €8,281 | €373 | -€7,908 | -95.5% |
| Accrued charges and deferred income | 492/3 | €106 | - | -€106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,717 | €32,924 | -€794 | -2.4% |
| Other operating charges | 640/8 | €4,353 | €1,917 | -€2,436 | -56.0% |
| Gross operating margin | 9900 | €44,387 | €35,791 | -€8,595 | -19.4% |
| Operating profit (loss) | 9901 | €6,316 | €950 | -€5,366 | -85.0% |
| Financial charges | 65/66B | €5,606 | €4,967 | -€639 | -11.4% |
| Recurring financial charges | 65 | €5,606 | €4,967 | -€639 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €710 | -€4,017 | -€4,727 | |
| Transfer from deferred taxes | 780 | €2,414 | €2,414 | = | 0.0% |
| Income taxes | 67/77 | €2,579 | €1,469 | -€1,110 | -43.0% |
| Profit (loss) for the period | 9904 | €545 | -€3,072 | -€3,617 | |
| Transfer from tax-exempt reserves | 789 | €7,241 | €7,241 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,786 | €4,169 | -€3,617 | -46.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.