CUVENET: 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.
CUVENET
Largest movements
- Current investments -€7,291
down €7,291 (-10.0%), from €72,970 to €65,678
- Receivables within one year +€3,988
up €3,988 (+57.2%), from €6,975 to €10,963
of which Other amounts receivable: +€2,154
- Deferred charges and accrued income -€2,635
down €2,635 (-43.4%), from €6,070 to €3,435
- Cash -€2,567
down €2,567 (-6.0%), from €42,733 to €40,166
mainly Net result for the year (-€4,813) and Receivables within one year (-€3,988)
- Reserves -€4,813
down €4,813 (-5.7%), from €83,771 to €78,958
- Tax, wage and social debts -€2,200
down €2,200 (-85.8%), from €2,565 to €365
of which Remuneration and social security: -€2,200
- Gross operating margin +€9,303
up €9,303 (+85.4%), from -€10,892 to -€1,589
- Financial charges +€6,533
up €6,533, from -€3,015 to €3,518
- Depreciation -€6,485
down €6,485 (-84.7%), from €7,656 to €1,171
- Other operating charges -€597
down €597 (-52.9%), from €1,129 to €532
- Financial income +€579
up €579 (+29.8%), from €1,943 to €2,521
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 | €136,664 | €127,277 | -€9,388 | -6.9% |
| Fixed assets | 21/28 | €3,236 | €2,065 | -€1,171 | -36.2% |
| Tangible fixed assets | 22/27 | €3,176 | €2,005 | -€1,171 | -36.9% |
| Plant, machinery and equipment | 23 | €2,874 | €2,005 | -€869 | -30.2% |
| Furniture and vehicles | 24 | €301 | €0 | -€301 | -100.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €133,429 | €125,212 | -€8,217 | -6.2% |
| Stocks and contracts in progress | 3 | €4,682 | €4,969 | +€288 | +6.1% |
| Stocks | 30/36 | €4,682 | €4,969 | +€288 | +6.1% |
| Amounts receivable within one year | 40/41 | €6,975 | €10,963 | +€3,988 | +57.2% |
| Trade receivables | 40 | €0 | €1,833 | +€1,833 | |
| Other amounts receivable | 41 | €6,975 | €9,129 | +€2,154 | +30.9% |
| Current investments | 50/53 | €72,970 | €65,678 | -€7,291 | -10.0% |
| Cash at bank and in hand | 54/58 | €42,733 | €40,166 | -€2,567 | -6.0% |
| Deferred charges and accrued income | 490/1 | €6,070 | €3,435 | -€2,635 | -43.4% |
| Total equity and liabilities | 10/49 | €136,664 | €127,277 | -€9,388 | -6.9% |
| Equity | 10/15 | €102,363 | €97,550 | -€4,813 | -4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €83,771 | €78,958 | -€4,813 | -5.7% |
| Distributable reserves | 133 | €83,771 | €78,958 | -€4,813 | -5.7% |
| Amounts payable | 17/49 | €34,301 | €29,727 | -€4,574 | -13.3% |
| Amounts payable within one year | 42/48 | €28,324 | €24,958 | -€3,366 | -11.9% |
| Trade debts | 44 | €5,217 | €4,721 | -€496 | -9.5% |
| Suppliers | 440/4 | €5,217 | €4,721 | -€496 | -9.5% |
| Taxes, remuneration and social security | 45 | €2,565 | €365 | -€2,200 | -85.8% |
| Taxes | 450/3 | €365 | €365 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100.0% |
| Other amounts payable | 47/48 | €20,542 | €19,871 | -€670 | -3.3% |
| Accrued charges and deferred income | 492/3 | €5,978 | €4,770 | -€1,208 | -20.2% |
| Non-recurring operating income | 76A | - | €1,389 | +€1,389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,656 | €1,171 | -€6,485 | -84.7% |
| Other operating charges | 640/8 | €1,129 | €532 | -€597 | -52.9% |
| Gross operating margin | 9900 | -€10,892 | -€1,589 | +€9,303 | +85.4% |
| Operating profit (loss) | 9901 | -€19,677 | -€3,291 | +€16,385 | +83.3% |
| Financial income | 75/76B | €1,943 | €2,521 | +€579 | +29.8% |
| Recurring financial income | 75 | €1,943 | €2,521 | +€579 | +29.8% |
| Financial charges | 65/66B | -€3,015 | €3,518 | +€6,533 | |
| Recurring financial charges | 65 | -€3,015 | €3,518 | +€6,533 | |
| Profit (loss) for the period before taxes | 9903 | -€14,719 | -€4,288 | +€10,431 | +70.9% |
| Income taxes | 67/77 | €583 | €526 | -€57 | -9.8% |
| Profit (loss) for the period | 9904 | -€15,301 | -€4,813 | +€10,488 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,301 | -€4,813 | +€10,488 | +68.5% |
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 7 October 2026 via checked.be.