CUYL PROJECTS: 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.
CUYL PROJECTS
Largest movements
- Receivables within one year -€10,027
down €10,027 (-16.8%), from €59,751 to €49,724
of which Other amounts receivable: -€12,163
- Cash -€8,440
down €8,440 (-67.1%), from €12,584 to €4,143
mainly Contributions, distributions and other (-€28,611) and Investment in fixed assets (net) (-€7,272)
- Tangible fixed assets +€5,936
up €5,936 (+531%), from €1,118 to €7,054
- Reserves -€15,320
down €15,320 (-29.3%), from €52,328 to €37,008
- Tax, wage and social debts +€3,690
up €3,690 (+134%), from €2,754 to €6,443
- Trade debts -€983
down €983 (-58.6%), from €1,678 to €695
- Gross operating margin +€16,291
up €16,291 (+204%), from €7,967 to €24,258
- Taxes +€5,413
up €5,413 (+263%), from €2,058 to €7,471
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.
Derived cash bridge
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 | €75,313 | €62,747 | -€12,567 | -16.7% |
| Fixed assets | 21/28 | €1,118 | €7,054 | +€5,936 | +531% |
| Tangible fixed assets | 22/27 | €1,118 | €7,054 | +€5,936 | +531% |
| Furniture and vehicles | 24 | €1,118 | €7,054 | +€5,936 | +531% |
| Current assets | 29/58 | €74,195 | €55,693 | -€18,502 | -24.9% |
| Amounts receivable within one year | 40/41 | €59,751 | €49,724 | -€10,027 | -16.8% |
| Trade receivables | 40 | €3,777 | €5,912 | +€2,136 | +56.5% |
| Other amounts receivable | 41 | €55,974 | €43,811 | -€12,163 | -21.7% |
| Cash at bank and in hand | 54/58 | €12,584 | €4,143 | -€8,440 | -67.1% |
| Deferred charges and accrued income | 490/1 | €1,860 | €1,825 | -€35 | -1.9% |
| Total equity and liabilities | 10/49 | €75,313 | €62,747 | -€12,567 | -16.7% |
| Equity | 10/15 | €70,881 | €55,608 | -€15,273 | -21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €52,328 | €37,008 | -€15,320 | -29.3% |
| Distributable reserves | 133 | €52,328 | €37,008 | -€15,320 | -29.3% |
| Profit (loss) carried forward | 14 | -€47 | - | +€47 | |
| Amounts payable | 17/49 | €4,432 | €7,138 | +€2,706 | +61.1% |
| Amounts payable within one year | 42/48 | €4,432 | €7,138 | +€2,706 | +61.1% |
| Trade debts | 44 | €1,678 | €695 | -€983 | -58.6% |
| Suppliers | 440/4 | €1,678 | €695 | -€983 | -58.6% |
| Taxes, remuneration and social security | 45 | €2,754 | €6,443 | +€3,690 | +134% |
| Taxes | 450/3 | €2,754 | €6,443 | +€3,690 | +134% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,127 | €1,337 | +€210 | +18.7% |
| Other operating charges | 640/8 | €1,651 | €1,698 | +€48 | +2.9% |
| Non-recurring operating charges | 66A | - | €361 | +€361 | |
| Gross operating margin | 9900 | €7,967 | €24,258 | +€16,291 | +204% |
| Operating profit (loss) | 9901 | €5,190 | €20,861 | +€15,671 | +302% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €72 | €52 | -€20 | -27.5% |
| Recurring financial charges | 65 | €72 | €52 | -€20 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €5,119 | €20,810 | +€15,691 | +307% |
| Income taxes | 67/77 | €2,058 | €7,471 | +€5,413 | +263% |
| Profit (loss) for the period | 9904 | €3,060 | €13,338 | +€10,278 | +336% |
| Profit (loss) for the period to be appropriated | 9905 | €3,060 | €13,338 | +€10,278 | +336% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.