CUYPERS: 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.
CUYPERS
Largest movements
- Current investments +€98,577
up €98,577 (+49.3%), from €199,778 to €298,355
- Tangible fixed assets -€22,300
down €22,300 (-34.7%), from €64,358 to €42,058
of which Furniture and vehicles: -€15,786
- Receivables within one year -€15,026
down €15,026 (-23.1%), from €65,060 to €50,034
of which Trade receivables: -€7,845
- Stocks and contracts -€11,867
down €11,867 (-63.1%), from €18,801 to €6,934
- Other debts +€53,953
up €53,953, from €0 to €53,953
- Reserves -€23,210
down €23,210 (-6.3%), from €369,023 to €345,812
of which Distributable reserves: -€23,210
- Debts after one year -€17,880
down €17,880 (-53.6%), from €33,364 to €15,484
- Trade debts +€17,633
up €17,633 (+89.3%), from €19,748 to €37,381
- Accrued charges and deferred income +€16,200
new in 2025: €16,200
- Gross operating margin +€40,151
up €40,151 (+22.7%), from €177,263 to €217,415
- Taxes +€9,201
up €9,201 (+87.0%), from €10,573 to €19,774
- Staff costs +€6,555
up €6,555 (+5.3%), from €123,295 to €129,850
- Depreciation -€5,514
down €5,514 (-25.9%), from €21,300 to €15,786
- Financial income +€3,645
up €3,645 (+40.4%), from €9,022 to €12,666
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 | €556,843 | €606,368 | +€49,524 | +8.9% |
| Fixed assets | 21/28 | €64,358 | €42,058 | -€22,300 | -34.7% |
| Tangible fixed assets | 22/27 | €64,358 | €42,058 | -€22,300 | -34.7% |
| Land and buildings | 22 | €6,514 | €0 | -€6,514 | -100.0% |
| Furniture and vehicles | 24 | €57,844 | €42,058 | -€15,786 | -27.3% |
| Current assets | 29/58 | €492,486 | €564,310 | +€71,825 | +14.6% |
| Stocks and contracts in progress | 3 | €18,801 | €6,934 | -€11,867 | -63.1% |
| Stocks | 30/36 | €18,801 | €6,934 | -€11,867 | -63.1% |
| Amounts receivable within one year | 40/41 | €65,060 | €50,034 | -€15,026 | -23.1% |
| Trade receivables | 40 | €57,146 | €49,301 | -€7,845 | -13.7% |
| Other amounts receivable | 41 | €7,914 | €734 | -€7,181 | -90.7% |
| Current investments | 50/53 | €199,778 | €298,355 | +€98,577 | +49.3% |
| Cash at bank and in hand | 54/58 | €202,411 | €201,539 | -€872 | -0.4% |
| Deferred charges and accrued income | 490/1 | €6,436 | €7,449 | +€1,012 | +15.7% |
| Total equity and liabilities | 10/49 | €556,843 | €606,368 | +€49,524 | +8.9% |
| Equity | 10/15 | €469,023 | €445,812 | -€23,210 | -4.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €369,023 | €345,812 | -€23,210 | -6.3% |
| Tax-exempt reserves | 132 | €27,500 | €27,500 | = | 0.0% |
| Distributable reserves | 133 | €341,523 | €318,312 | -€23,210 | -6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,821 | €160,556 | +€72,735 | +82.8% |
| Amounts payable after more than one year | 17 | €33,364 | €15,484 | -€17,880 | -53.6% |
| Financial debts | 170/4 | €33,364 | €15,484 | -€17,880 | -53.6% |
| Amounts payable within one year | 42/48 | €54,457 | €128,871 | +€74,414 | +136.6% |
| Current portion of amounts payable after more than one year | 42 | €17,144 | €17,880 | +€735 | +4.3% |
| Trade debts | 44 | €19,748 | €37,381 | +€17,633 | +89.3% |
| Suppliers | 440/4 | €19,748 | €37,381 | +€17,633 | +89.3% |
| Taxes, remuneration and social security | 45 | €17,565 | €19,658 | +€2,093 | +11.9% |
| Taxes | 450/3 | €11,587 | €13,466 | +€1,879 | +16.2% |
| Remuneration and social security | 454/9 | €5,978 | €6,192 | +€214 | +3.6% |
| Other amounts payable | 47/48 | €0 | €53,953 | +€53,953 | |
| Accrued charges and deferred income | 492/3 | - | €16,200 | +€16,200 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €123,295 | €129,850 | +€6,555 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,300 | €15,786 | -€5,514 | -25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€433 | €0 | +€433 | |
| Other operating charges | 640/8 | €1,765 | €3,541 | +€1,776 | +100.6% |
| Non-recurring operating charges | 66A | - | €6,514 | +€6,514 | |
| Gross operating margin | 9900 | €177,263 | €217,415 | +€40,151 | +22.7% |
| Operating profit (loss) | 9901 | €31,335 | €61,723 | +€30,388 | +97.0% |
| Financial income | 75/76B | €9,022 | €12,666 | +€3,645 | +40.4% |
| Recurring financial income | 75 | €9,022 | €12,666 | +€3,645 | +40.4% |
| Financial charges | 65/66B | €4,311 | €5,433 | +€1,122 | +26.0% |
| Recurring financial charges | 65 | €4,311 | €5,433 | +€1,122 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €36,046 | €68,957 | +€32,911 | +91.3% |
| Income taxes | 67/77 | €10,573 | €19,774 | +€9,201 | +87.0% |
| Profit (loss) for the period | 9904 | €25,473 | €49,182 | +€23,709 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,473 | €49,182 | +€23,709 | +93.1% |
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 6 October 2026 via checked.be.