Cuvimo: 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.
What changed
Cuvimo
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€39,473
2023 · -€26,364-€13,109
Equity
€2.9m
2023 · €2.9m-€39,473
Cash
€42,288
2023 · €51,358-€9,070
Balance sheet total
€3.3m
2023 · €3.4m-€63,722
Largest movements
Assets
- Tangible fixed assets -€84,532
down €84,532 (-2.9%), from €2.9m to €2.8m
of which Land and buildings: -€86,431
- Current investments +€40,926
up €40,926 (+11.0%), from €373,609 to €414,536
Equity and liabilities
- Reserves -€39,473
down €39,473 (-1.6%), from €2.5m to €2.4m
of which Tax-exempt reserves: -€51,068
Income statement
- Gross operating margin -€45,574
down €45,574 (-54.3%), from €83,992 to €38,418
- Financial income +€29,981
up €29,981 (+280.2%), from €10,699 to €40,680
- Financial charges -€1,750
down €1,750 (-25.8%), from €6,777 to €5,027
- Taxes -€1,294
down €1,294 (-47.0%), from €2,754 to €1,460
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.
Result 2023
-€26,364
Gross operating margin
-€45,574
Depreciation
+€106
Other operating charges
-€375
Financial income
+€29,981
Financial charges
+€1,750
Taxes
+€1,294
Deferred taxes and other
-€291
Result 2024
-€39,473
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.
From operations
+€47,166
Investment
-€56,336
Financing
+€100
Cash 2023
€51,358
From operations (derived)
+€47,166
Net result for the year
-€39,473
Depreciation
+€99,941
Receivables within one year
-€1,547
Deferred charges and accrued income
+€12,593
Provisions
-€20,859
Trade debts
-€7,297
Tax, wage and social debts
+€4,232
Accrued charges and deferred income
-€424
Investment (derived)
-€56,336
Investment in fixed assets (net)
-€15,409
Current investments
-€40,926
Financing
+€100
Debts after one year
+€100
Cash 2024
€42,288
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,406,014 | €3,342,293 | -€63,722 | -1.9% |
| Fixed assets | 21/28 | €2,933,551 | €2,849,019 | -€84,532 | -2.9% |
| Tangible fixed assets | 22/27 | €2,933,551 | €2,849,019 | -€84,532 | -2.9% |
| Land and buildings | 22 | €2,931,001 | €2,844,571 | -€86,431 | -2.9% |
| Plant, machinery and equipment | 23 | €2,345 | €2,345 | = | 0.0% |
| Furniture and vehicles | 24 | €204 | €2,103 | +€1,899 | +931.4% |
| Current assets | 29/58 | €472,464 | €493,274 | +€20,810 | +4.4% |
| Amounts receivable within one year | 40/41 | - | €1,547 | +€1,547 | |
| Trade receivables | 40 | - | €479 | +€479 | |
| Other amounts receivable | 41 | - | €1,068 | +€1,068 | |
| Current investments | 50/53 | €373,609 | €414,536 | +€40,926 | +11.0% |
| Cash at bank and in hand | 54/58 | €51,358 | €42,288 | -€9,070 | -17.7% |
| Deferred charges and accrued income | 490/1 | €47,497 | €34,904 | -€12,593 | -26.5% |
| Total equity and liabilities | 10/49 | €3,406,014 | €3,342,293 | -€63,722 | -1.9% |
| Equity | 10/15 | €2,926,123 | €2,886,650 | -€39,473 | -1.3% |
| Contributions | 10/11 | €437,731 | €437,731 | = | 0.0% |
| Capital | 10 | €437,731 | €437,731 | = | 0.0% |
| Issued capital | 100 | €437,731 | €437,731 | = | 0.0% |
| Reserves | 13 | €2,488,393 | €2,448,919 | -€39,473 | -1.6% |
| Non-distributable reserves | 130/1 | €232,300 | €232,300 | = | 0.0% |
| Legal reserve | 130 | €232,300 | €232,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,203,873 | €2,152,805 | -€51,068 | -2.3% |
| Distributable reserves | 133 | €52,220 | €63,815 | +€11,595 | +22.2% |
| Provisions and deferred taxes | 16 | €459,856 | €438,997 | -€20,859 | -4.5% |
| Deferred taxes | 168 | €459,856 | €438,997 | -€20,859 | -4.5% |
| Amounts payable | 17/49 | €20,035 | €16,646 | -€3,390 | -16.9% |
| Amounts payable after more than one year | 17 | €1,900 | €2,000 | +€100 | +5.3% |
| Other amounts payable | 178/9 | €1,900 | €2,000 | +€100 | +5.3% |
| Amounts payable within one year | 42/48 | €14,066 | €11,000 | -€3,066 | -21.8% |
| Trade debts | 44 | €7,297 | - | -€7,297 | |
| Suppliers | 440/4 | €7,297 | - | -€7,297 | |
| Taxes, remuneration and social security | 45 | €6,768 | €11,000 | +€4,232 | +62.5% |
| Taxes | 450/3 | €6,768 | €11,000 | +€4,232 | +62.5% |
| Accrued charges and deferred income | 492/3 | €4,070 | €3,646 | -€424 | -10.4% |
| Non-recurring operating income | 76A | €28,800 | - | -€28,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,047 | €99,941 | -€106 | -0.1% |
| Other operating charges | 640/8 | €32,627 | €33,002 | +€375 | +1.1% |
| Gross operating margin | 9900 | €83,992 | €38,418 | -€45,574 | -54.3% |
| Operating profit (loss) | 9901 | -€48,682 | -€94,525 | -€45,843 | -94.2% |
| Financial income | 75/76B | €10,699 | €40,680 | +€29,981 | +280.2% |
| Recurring financial income | 75 | €10,699 | €40,680 | +€29,981 | +280.2% |
| Financial charges | 65/66B | €6,777 | €5,027 | -€1,750 | -25.8% |
| Recurring financial charges | 65 | €6,777 | €5,027 | -€1,750 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€44,760 | -€58,872 | -€14,112 | -31.5% |
| Transfer from deferred taxes | 780 | €21,150 | €20,859 | -€291 | -1.4% |
| Income taxes | 67/77 | €2,754 | €1,460 | -€1,294 | -47.0% |
| Profit (loss) for the period | 9904 | -€26,364 | -€39,473 | -€13,109 | -49.7% |
| Transfer from tax-exempt reserves | 789 | €51,781 | €51,068 | -€713 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,417 | €11,595 | -€13,822 | -54.4% |
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 28 September 2026 via checked.be.