CUYCKENS: 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.
CUYCKENS
Largest movements
- Cash +€587,207
up €587,207 (+164%), from €358,057 to €945,264
mainly Net result for the year (+€1.4m) and Receivables within one year (+€293,877)
- Receivables within one year -€293,877
down €293,877 (-23.2%), from €1.3m to €973,118
of which Trade receivables: -€332,971
- Profit (loss) carried forward +€1.4m
up €1.4m, from -€1.2m to €150,965
- Short-term financial debts -€551,941
down €551,941 (-94.0%), from €587,423 to €35,482
- Advances received -€520,101
no longer reported in 2023 (was €520,101)
- Debts after one year -€194,151
down €194,151 (-46.1%), from €420,993 to €226,842
- Accrued charges and deferred income +€185,231
up €185,231 (+115%), from €161,645 to €346,876
- Gross operating margin +€1.7m
up €1.7m (+1,199%), from €141,026 to €1.8m
- Purchases and services -€248,056
no longer reported in 2023 (was €248,056)
- Other operating charges +€239,029
up €239,029 (+3,070%), from €7,786 to €246,815
- Staff costs +€75,969
up €75,969 (+325%), from €23,399 to €99,368
- Taxes +€58,003
new in 2023: €58,003
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,704,983 | €1,995,958 | +€290,975 | +17.1% |
| Fixed assets | 21/28 | €4,750 | €2,395 | -€2,355 | -49.6% |
| Intangible fixed assets | 21 | €3,140 | €785 | -€2,355 | -75.0% |
| Financial fixed assets | 28 | €1,610 | €1,610 | = | 0.0% |
| Current assets | 29/58 | €1,700,233 | €1,993,563 | +€293,330 | +17.3% |
| Stocks and contracts in progress | 3 | €75,181 | €75,181 | = | 0.0% |
| Stocks | 30/36 | €75,181 | €75,181 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,266,995 | €973,118 | -€293,877 | -23.2% |
| Trade receivables | 40 | €1,071,148 | €738,177 | -€332,971 | -31.1% |
| Other amounts receivable | 41 | €195,847 | €234,941 | +€39,094 | +20.0% |
| Cash at bank and in hand | 54/58 | €358,057 | €945,264 | +€587,207 | +164% |
| Total equity and liabilities | 10/49 | €1,704,983 | €1,995,958 | +€290,975 | +17.1% |
| Equity | 10/15 | -€615,368 | €735,440 | +€1.4m | |
| Contributions | 10/11 | €562,489 | €562,489 | = | 0.0% |
| Capital | 10 | €562,489 | - | -€562,489 | |
| Issued capital | 100 | €562,489 | - | -€562,489 | |
| Reserves | 13 | €21,986 | €21,986 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,250 | €15,250 | = | 0.0% |
| Legal reserve | 130 | €15,250 | - | -€15,250 | |
| Reserves not available under the articles | 1311 | - | €15,250 | +€15,250 | |
| Tax-exempt reserves | 132 | €6,675 | €6,675 | = | 0.0% |
| Distributable reserves | 133 | €61 | €61 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,199,843 | €150,965 | +€1.4m | |
| Amounts payable | 17/49 | €2,320,351 | €1,260,518 | -€1.1m | -45.7% |
| Amounts payable after more than one year | 17 | €420,993 | €226,842 | -€194,151 | -46.1% |
| Financial debts | 170/4 | €420,993 | €226,842 | -€194,151 | -46.1% |
| Amounts payable within one year | 42/48 | €1,737,713 | €686,800 | -€1.1m | -60.5% |
| Current portion of amounts payable after more than one year | 42 | €119,730 | €47,061 | -€72,669 | -60.7% |
| Financial debts | 43 | €587,423 | €35,482 | -€551,941 | -94.0% |
| Credit institutions | 430/8 | €587,423 | €35,482 | -€551,941 | -94.0% |
| Trade debts | 44 | €432,616 | €501,405 | +€68,789 | +15.9% |
| Suppliers | 440/4 | €432,616 | €501,405 | +€68,789 | +15.9% |
| Advances received on contracts in progress | 46 | €520,101 | - | -€520,101 | |
| Taxes, remuneration and social security | 45 | €33,084 | €78,890 | +€45,806 | +138% |
| Taxes | 450/3 | €4,728 | €43,902 | +€39,174 | +829% |
| Remuneration and social security | 454/9 | €28,356 | €34,988 | +€6,632 | +23.4% |
| Other amounts payable | 47/48 | €44,759 | €23,962 | -€20,797 | -46.5% |
| Accrued charges and deferred income | 492/3 | €161,645 | €346,876 | +€185,231 | +115% |
| Turnover | 70 | €57,318 | - | -€57,318 | |
| Non-recurring operating income | 76A | €331,764 | €2,634,000 | +€2.3m | +694% |
| Goods, raw materials, services and sundry goods | 60/61 | €248,056 | - | -€248,056 | |
| Remuneration, social security and pensions | 62 | €23,399 | €99,368 | +€75,969 | +325% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,250 | €2,355 | -€895 | -27.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €19,181 | - | -€19,181 | |
| Other operating charges | 640/8 | €7,786 | €246,815 | +€239,029 | +3,070% |
| Non-recurring operating charges | 66A | - | €28,520 | +€28,520 | |
| Gross operating margin | 9900 | €141,026 | €1,831,726 | +€1.7m | +1,199% |
| Operating profit (loss) | 9901 | €87,410 | €1,454,668 | +€1.4m | +1,564% |
| Financial charges | 65/66B | €66,424 | €45,857 | -€20,567 | -31.0% |
| Recurring financial charges | 65 | €66,424 | €45,857 | -€20,567 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €20,986 | €1,408,811 | +€1.4m | +6,613% |
| Income taxes | 67/77 | - | €58,003 | +€58,003 | |
| Profit (loss) for the period | 9904 | €20,986 | €1,350,808 | +€1.3m | +6,337% |
| Profit (loss) for the period to be appropriated | 9905 | €20,986 | €1,350,808 | +€1.3m | +6,337% |
Source: filed annual accounts (NBB), financial years ended 31 March 2022 and 31 March 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.