CUVELIER FRERES: 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 FRERES
Largest movements
- Stocks and contracts -€98,929
down €98,929 (-37.9%), from €261,276 to €162,347
- Receivables after one year -€72,593
down €72,593 (-19.6%), from €369,640 to €297,047
- Cash +€19,494
up €19,494 (+90.0%), from €21,671 to €41,165
mainly Other debts (+€317,958) and Stocks and contracts (+€98,929)
- Tangible fixed assets -€16,241
down €16,241 (-6.3%), from €257,307 to €241,066
of which Plant, machinery and equipment: -€10,960
- Profit (loss) carried forward -€368,422
down €368,422 (-75.7%), from €486,519 to €118,097
- Other debts +€317,958
new in 2024: €317,958
- Trade debts -€94,009
down €94,009 (-38.5%), from €243,924 to €149,915
- Tax, wage and social debts -€23,622
down €23,622 (-48.5%), from €48,745 to €25,123
of which Taxes: -€13,825
- Debts after one year -€15,257
down €15,257 (-14.3%), from €106,412 to €91,155
- Gross operating margin -€56,707
down €56,707 (-15.9%), from €356,749 to €300,042
- Depreciation +€10,768
up €10,768 (+47.3%), from €22,753 to €33,521
- Financial charges +€7,442
up €7,442 (+48.1%), from €15,479 to €22,921
- Taxes -€6,465
down €6,465 (-86.9%), from €7,440 to €975
- Write-downs -€5,345
new in 2024: -€5,345
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,093,919 | €925,412 | -€168,507 | -15.4% |
| Fixed assets | 21/28 | €257,307 | €241,066 | -€16,241 | -6.3% |
| Tangible fixed assets | 22/27 | €257,307 | €241,066 | -€16,241 | -6.3% |
| Land and buildings | 22 | €189,392 | €190,263 | +€871 | +0.5% |
| Plant, machinery and equipment | 23 | €48,362 | €37,402 | -€10,960 | -22.7% |
| Furniture and vehicles | 24 | €19,553 | €13,401 | -€6,152 | -31.5% |
| Current assets | 29/58 | €836,612 | €684,347 | -€152,266 | -18.2% |
| Amounts receivable after more than one year | 29 | €369,640 | €297,047 | -€72,593 | -19.6% |
| Other amounts receivable | 291 | €369,640 | €297,047 | -€72,593 | -19.6% |
| Stocks and contracts in progress | 3 | €261,276 | €162,347 | -€98,929 | -37.9% |
| Stocks | 30/36 | €261,276 | €162,347 | -€98,929 | -37.9% |
| Amounts receivable within one year | 40/41 | €178,688 | €178,515 | -€173 | -0.1% |
| Trade receivables | 40 | €31,054 | €23,150 | -€7,904 | -25.5% |
| Other amounts receivable | 41 | €147,635 | €155,365 | +€7,731 | +5.2% |
| Cash at bank and in hand | 54/58 | €21,671 | €41,165 | +€19,494 | +90.0% |
| Deferred charges and accrued income | 490/1 | €5,336 | €5,272 | -€64 | -1.2% |
| Total equity and liabilities | 10/49 | €1,093,919 | €925,412 | -€168,507 | -15.4% |
| Equity | 10/15 | €554,719 | €186,297 | -€368,422 | -66.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €486,519 | €118,097 | -€368,422 | -75.7% |
| Amounts payable | 17/49 | €539,200 | €739,116 | +€199,915 | +37.1% |
| Amounts payable after more than one year | 17 | €106,412 | €91,155 | -€15,257 | -14.3% |
| Financial debts | 170/4 | €106,412 | €91,155 | -€15,257 | -14.3% |
| Amounts payable within one year | 42/48 | €410,545 | €626,091 | +€215,546 | +52.5% |
| Current portion of amounts payable after more than one year | 42 | €27,436 | €28,257 | +€821 | +3.0% |
| Financial debts | 43 | €90,440 | €104,838 | +€14,398 | +15.9% |
| Credit institutions | 430/8 | €90,440 | €104,838 | +€14,398 | +15.9% |
| Trade debts | 44 | €243,924 | €149,915 | -€94,009 | -38.5% |
| Suppliers | 440/4 | €243,924 | €149,915 | -€94,009 | -38.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €48,745 | €25,123 | -€23,622 | -48.5% |
| Taxes | 450/3 | €13,825 | €0 | -€13,825 | -100.0% |
| Remuneration and social security | 454/9 | €34,920 | €25,123 | -€9,798 | -28.1% |
| Other amounts payable | 47/48 | - | €317,958 | +€317,958 | |
| Accrued charges and deferred income | 492/3 | €22,244 | €21,870 | -€373 | -1.7% |
| Remuneration, social security and pensions | 62 | €282,111 | €286,646 | +€4,535 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,753 | €33,521 | +€10,768 | +47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€5,345 | -€5,345 | |
| Other operating charges | 640/8 | €33,574 | €32,354 | -€1,220 | -3.6% |
| Non-recurring operating charges | 66A | €7,853 | €0 | -€7,853 | -100.0% |
| Gross operating margin | 9900 | €356,749 | €300,042 | -€56,707 | -15.9% |
| Operating profit (loss) | 9901 | €10,457 | -€47,134 | -€57,591 | |
| Financial income | 75/76B | €25,181 | €20,565 | -€4,616 | -18.3% |
| Recurring financial income | 75 | €25,181 | €20,565 | -€4,616 | -18.3% |
| Financial charges | 65/66B | €15,479 | €22,921 | +€7,442 | +48.1% |
| Recurring financial charges | 65 | €15,479 | €22,921 | +€7,442 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €20,159 | -€49,490 | -€69,649 | |
| Income taxes | 67/77 | €7,440 | €975 | -€6,465 | -86.9% |
| Profit (loss) for the period | 9904 | €12,719 | -€50,465 | -€63,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,719 | -€50,465 | -€63,184 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.