CUVELIER - DEHEEGHER: 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 - DEHEEGHER
Largest movements
- Cash -€9,057
down €9,057 (-32.3%), from €28,075 to €19,018
mainly Debts after one year (-€18,412) and Tax, wage and social debts (-€2,548)
- Tangible fixed assets -€2,711
down €2,711 (-6.5%), from €41,529 to €38,818
of which Land and buildings: -€1,357
- Debts after one year -€18,412
no longer reported in 2025 (was €18,412)
- Other debts +€9,442
up €9,442 (+1,574%), from €600 to €10,042
- Tax, wage and social debts -€2,548
no longer reported in 2025 (was €2,548)
- Gross operating margin +€2,612
up €2,612 (+105%), from €2,480 to €5,091
- Depreciation -€1,712
down €1,712 (-38.7%), from €4,423 to €2,711
- Write-downs -€790
no longer reported in 2025 (was €790)
- Other operating charges -€548
down €548 (-20.3%), from €2,701 to €2,154
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 | €69,604 | €57,836 | -€11,768 | -16.9% |
| Fixed assets | 21/28 | €41,529 | €38,818 | -€2,711 | -6.5% |
| Tangible fixed assets | 22/27 | €41,529 | €38,818 | -€2,711 | -6.5% |
| Land and buildings | 22 | €38,966 | €37,608 | -€1,357 | -3.5% |
| Plant, machinery and equipment | 23 | €106 | - | -€106 | |
| Furniture and vehicles | 24 | €2,457 | €1,210 | -€1,247 | -50.8% |
| Current assets | 29/58 | €28,075 | €19,018 | -€9,057 | -32.3% |
| Cash at bank and in hand | 54/58 | €28,075 | €19,018 | -€9,057 | -32.3% |
| Total equity and liabilities | 10/49 | €69,604 | €57,836 | -€11,768 | -16.9% |
| Equity | 10/15 | €47,315 | €47,333 | +€18 | 0.0% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €10,131 | €10,149 | +€18 | +0.2% |
| Distributable reserves | 133 | €10,131 | €10,149 | +€18 | +0.2% |
| Amounts payable | 17/49 | €22,290 | €10,503 | -€11,786 | -52.9% |
| Amounts payable after more than one year | 17 | €18,412 | - | -€18,412 | |
| Other amounts payable | 178/9 | €18,412 | - | -€18,412 | |
| Amounts payable within one year | 42/48 | €3,878 | €10,503 | +€6,626 | +171% |
| Current portion of amounts payable after more than one year | 42 | €375 | - | -€375 | |
| Trade debts | 44 | €355 | €461 | +€106 | +30.0% |
| Suppliers | 440/4 | €355 | €461 | +€106 | +30.0% |
| Taxes, remuneration and social security | 45 | €2,548 | - | -€2,548 | |
| Taxes | 450/3 | €2,548 | - | -€2,548 | |
| Other amounts payable | 47/48 | €600 | €10,042 | +€9,442 | +1,574% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,423 | €2,711 | -€1,712 | -38.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €790 | - | -€790 | |
| Other operating charges | 640/8 | €2,701 | €2,154 | -€548 | -20.3% |
| Gross operating margin | 9900 | €2,480 | €5,091 | +€2,612 | +105% |
| Operating profit (loss) | 9901 | -€5,434 | €227 | +€5,661 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €160 | €208 | +€49 | +30.4% |
| Recurring financial charges | 65 | €160 | €208 | +€49 | +30.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,593 | €18 | +€5,611 | |
| Profit (loss) for the period | 9904 | -€5,593 | €18 | +€5,611 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,593 | €18 | +€5,611 |
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 26 October 2026 via checked.be.