CUVELIER CONSULT: 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.
CUVELIER CONSULT
Largest movements
- Tangible fixed assets +€51,095
up €51,095 (+94.1%), from €54,314 to €105,409
of which Furniture and vehicles: +€54,587
- Cash +€28,819
up €28,819 (+40.3%), from €71,520 to €100,338
mainly Net result for the year (+€57,395) and Other debts (+€50,908)
- Receivables within one year +€14,896
up €14,896 (+584.8%), from €2,547 to €17,443
of which Other amounts receivable: +€8,388
- Current investments +€11,722
up €11,722 (+54.1%), from €21,686 to €33,409
- Reserves +€55,000
up €55,000 (+57.9%), from €95,000 to €150,000
- Other debts +€50,908
up €50,908 (+166.1%), from €30,643 to €81,551
- Tax, wage and social debts -€6,406
down €6,406 (-48.5%), from €13,221 to €6,815
of which Taxes: -€5,656
- Accrued charges and deferred income +€4,103
up €4,103 (+214.2%), from €1,916 to €6,019
- Gross operating margin -€42,170
down €42,170 (-31.4%), from €134,097 to €91,927
- Taxes -€11,920
down €11,920 (-44.6%), from €26,717 to €14,797
- Financial charges +€4,380
up €4,380 (+2868.9%), from €153 to €4,533
- Depreciation +€4,017
up €4,017 (+32.5%), from €12,373 to €16,390
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 | €153,303 | €260,740 | +€107,438 | +70.1% |
| Fixed assets | 21/28 | €54,314 | €105,409 | +€51,095 | +94.1% |
| Tangible fixed assets | 22/27 | €54,314 | €105,409 | +€51,095 | +94.1% |
| Furniture and vehicles | 24 | €24,640 | €79,228 | +€54,587 | +221.5% |
| Other tangible fixed assets | 26 | €29,674 | €26,181 | -€3,493 | -11.8% |
| Current assets | 29/58 | €98,988 | €155,331 | +€56,343 | +56.9% |
| Amounts receivable within one year | 40/41 | €2,547 | €17,443 | +€14,896 | +584.8% |
| Trade receivables | 40 | €2,547 | €9,055 | +€6,508 | +255.5% |
| Other amounts receivable | 41 | - | €8,388 | +€8,388 | |
| Current investments | 50/53 | €21,686 | €33,409 | +€11,722 | +54.1% |
| Cash at bank and in hand | 54/58 | €71,520 | €100,338 | +€28,819 | +40.3% |
| Deferred charges and accrued income | 490/1 | €3,235 | €4,141 | +€906 | +28.0% |
| Total equity and liabilities | 10/49 | €153,303 | €260,740 | +€107,438 | +70.1% |
| Equity | 10/15 | €107,356 | €164,752 | +€57,395 | +53.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €95,000 | €150,000 | +€55,000 | +57.9% |
| Distributable reserves | 133 | €95,000 | €150,000 | +€55,000 | +57.9% |
| Profit (loss) carried forward | 14 | €356 | €2,752 | +€2,395 | +672.1% |
| Amounts payable | 17/49 | €45,946 | €95,989 | +€50,042 | +108.9% |
| Amounts payable within one year | 42/48 | €44,030 | €89,969 | +€45,939 | +104.3% |
| Trade debts | 44 | €166 | €1,603 | +€1,437 | +865.9% |
| Suppliers | 440/4 | €166 | €1,603 | +€1,437 | +865.9% |
| Taxes, remuneration and social security | 45 | €13,221 | €6,815 | -€6,406 | -48.5% |
| Taxes | 450/3 | €12,471 | €6,815 | -€5,656 | -45.4% |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Other amounts payable | 47/48 | €30,643 | €81,551 | +€50,908 | +166.1% |
| Accrued charges and deferred income | 492/3 | €1,916 | €6,019 | +€4,103 | +214.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,373 | €16,390 | +€4,017 | +32.5% |
| Other operating charges | 640/8 | €1,544 | €957 | -€587 | -38.0% |
| Gross operating margin | 9900 | €134,097 | €91,927 | -€42,170 | -31.4% |
| Operating profit (loss) | 9901 | €120,180 | €74,579 | -€45,600 | -37.9% |
| Financial income | 75/76B | €2,047 | €2,146 | +€99 | +4.9% |
| Recurring financial income | 75 | €2,047 | €2,146 | +€99 | +4.9% |
| Financial charges | 65/66B | €153 | €4,533 | +€4,380 | +2868.9% |
| Recurring financial charges | 65 | €153 | €4,533 | +€4,380 | +2868.9% |
| Profit (loss) for the period before taxes | 9903 | €122,074 | €72,193 | -€49,881 | -40.9% |
| Income taxes | 67/77 | €26,717 | €14,797 | -€11,920 | -44.6% |
| Profit (loss) for the period | 9904 | €95,356 | €57,395 | -€37,961 | -39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €95,356 | €57,395 | -€37,961 | -39.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.