CUVETRA: 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.
CUVETRA
Largest movements
- Receivables within one year +€195,045
up €195,045 (+176.5%), from €110,530 to €305,575
of which Trade receivables: +€189,697
- Tangible fixed assets -€175,775
down €175,775 (-95.3%), from €184,403 to €8,628
of which Leasing and similar rights: -€177,260
- Cash -€5,999
down €5,999 (-100.0%), from €5,999 to €0
mainly Receivables within one year (-€195,045) and Debts after one year (-€41,962)
- Debts after one year -€41,962
down €41,962 (-28.3%), from €148,076 to €106,114
- Tax, wage and social debts +€37,259
up €37,259 (+330.8%), from €11,262 to €48,521
of which Taxes: +€35,949
- Reserves +€14,267
up €14,267 (+25.2%), from €56,530 to €70,797
- Short-term financial debts +€12,603
new in 2024: €12,603
- Trade debts -€10,365
down €10,365 (-23.1%), from €44,776 to €34,411
- Depreciation -€21,146
down €21,146 (-87.6%), from €24,138 to €2,992
- Other operating charges -€19,146
down €19,146 (-64.6%), from €29,616 to €10,470
- Gross operating margin +€11,484
up €11,484 (+17.3%), from €66,563 to €78,047
- Financial charges -€6,478
down €6,478 (-34.2%), from €18,964 to €12,486
- Taxes +€4,814
up €4,814 (+464.0%), from €1,037 to €5,851
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 | €302,492 | €318,408 | +€15,916 | +5.3% |
| Fixed assets | 21/28 | €184,538 | €9,363 | -€175,175 | -94.9% |
| Tangible fixed assets | 22/27 | €184,403 | €8,628 | -€175,775 | -95.3% |
| Plant, machinery and equipment | 23 | €2,117 | €2,921 | +€804 | +38.0% |
| Furniture and vehicles | 24 | €5,026 | €5,707 | +€681 | +13.6% |
| Leasing and similar rights | 25 | €177,260 | €0 | -€177,260 | -100.0% |
| Financial fixed assets | 28 | €135 | €735 | +€600 | +444.4% |
| Current assets | 29/58 | €117,954 | €309,045 | +€191,091 | +162.0% |
| Amounts receivable within one year | 40/41 | €110,530 | €305,575 | +€195,045 | +176.5% |
| Trade receivables | 40 | €43,289 | €232,986 | +€189,697 | +438.2% |
| Other amounts receivable | 41 | €67,240 | €72,589 | +€5,349 | +8.0% |
| Cash at bank and in hand | 54/58 | €5,999 | €0 | -€5,999 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,425 | €3,470 | +€2,044 | +143.4% |
| Total equity and liabilities | 10/49 | €302,492 | €318,408 | +€15,916 | +5.3% |
| Equity | 10/15 | €57,530 | €71,797 | +€14,267 | +24.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €56,530 | €70,797 | +€14,267 | +25.2% |
| Distributable reserves | 133 | €56,530 | €70,797 | +€14,267 | +25.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €244,962 | €246,611 | +€1,649 | +0.7% |
| Amounts payable after more than one year | 17 | €148,076 | €106,114 | -€41,962 | -28.3% |
| Financial debts | 170/4 | €148,076 | €106,114 | -€41,962 | -28.3% |
| Amounts payable within one year | 42/48 | €96,887 | €140,497 | +€43,611 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €40,848 | €42,462 | +€1,614 | +4.0% |
| Financial debts | 43 | - | €12,603 | +€12,603 | |
| Credit institutions | 430/8 | - | €12,603 | +€12,603 | |
| Trade debts | 44 | €44,776 | €34,411 | -€10,365 | -23.1% |
| Suppliers | 440/4 | €44,776 | €34,411 | -€10,365 | -23.1% |
| Taxes, remuneration and social security | 45 | €11,262 | €48,521 | +€37,259 | +330.8% |
| Taxes | 450/3 | €11,262 | €47,211 | +€35,949 | +319.2% |
| Remuneration and social security | 454/9 | - | €1,310 | +€1,310 | |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Non-recurring operating income | 76A | €14,822 | - | -€14,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,138 | €2,992 | -€21,146 | -87.6% |
| Other operating charges | 640/8 | €29,616 | €10,470 | -€19,146 | -64.6% |
| Non-recurring operating charges | 66A | €7,708 | €32,260 | +€24,552 | +318.5% |
| Gross operating margin | 9900 | €66,563 | €78,047 | +€11,484 | +17.3% |
| Operating profit (loss) | 9901 | €5,100 | €32,324 | +€27,224 | +533.8% |
| Financial income | 75/76B | €5 | €2,780 | +€2,775 | +55064.3% |
| Recurring financial income | 75 | €5 | €2,780 | +€2,775 | +55064.3% |
| Financial charges | 65/66B | €18,964 | €12,486 | -€6,478 | -34.2% |
| Recurring financial charges | 65 | €18,964 | €12,486 | -€6,478 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,859 | €22,618 | +€36,478 | |
| Income taxes | 67/77 | €1,037 | €5,851 | +€4,814 | +464.0% |
| Profit (loss) for the period | 9904 | -€14,897 | €16,767 | +€31,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,897 | €16,767 | +€31,664 |
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 29 September 2026 via checked.be.