CUYTENBERG: 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.
CUYTENBERG
Largest movements
- Cash -€80,989
down €80,989 (-38.5%), from €210,188 to €129,198
mainly Contributions, distributions and other (-€91,362) and Other debts (-€20,050)
- Tangible fixed assets -€21,943
down €21,943 (-29.0%), from €75,746 to €53,803
- Receivables within one year +€7,291
up €7,291 (+44.1%), from €16,516 to €23,807
of which Trade receivables: +€10,939
- Reserves -€75,936
down €75,936 (-27.5%), from €276,371 to €200,434
- Other debts -€20,050
down €20,050 (-100%), from €20,050 to €0
- Gross operating margin -€46,153
down €46,153 (-51.2%), from €90,186 to €44,033
- Taxes -€11,352
down €11,352 (-67.4%), from €16,851 to €5,499
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 | €304,544 | €206,808 | -€97,736 | -32.1% |
| Fixed assets | 21/28 | €75,786 | €53,803 | -€21,983 | -29.0% |
| Tangible fixed assets | 22/27 | €75,746 | €53,803 | -€21,943 | -29.0% |
| Furniture and vehicles | 24 | €75,746 | €53,803 | -€21,943 | -29.0% |
| Financial fixed assets | 28 | €40 | €0 | -€40 | -100% |
| Current assets | 29/58 | €228,758 | €153,005 | -€75,753 | -33.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €16,516 | €23,807 | +€7,291 | +44.1% |
| Trade receivables | 40 | €11,867 | €22,806 | +€10,939 | +92.2% |
| Other amounts receivable | 41 | €4,649 | €1,001 | -€3,648 | -78.5% |
| Cash at bank and in hand | 54/58 | €210,188 | €129,198 | -€80,989 | -38.5% |
| Deferred charges and accrued income | 490/1 | €2,054 | €0 | -€2,054 | -100% |
| Total equity and liabilities | 10/49 | €304,544 | €206,808 | -€97,736 | -32.1% |
| Equity | 10/15 | €279,411 | €203,474 | -€75,936 | -27.2% |
| Contributions | 10/11 | €3,040 | €3,040 | = | 0.0% |
| Reserves | 13 | €276,371 | €200,434 | -€75,936 | -27.5% |
| Distributable reserves | 133 | €276,371 | €200,434 | -€75,936 | -27.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,133 | €3,334 | -€21,799 | -86.7% |
| Amounts payable within one year | 42/48 | €24,190 | €3,334 | -€20,856 | -86.2% |
| Trade debts | 44 | - | €357 | +€357 | |
| Suppliers | 440/4 | - | €357 | +€357 | |
| Taxes, remuneration and social security | 45 | €4,140 | €2,977 | -€1,163 | -28.1% |
| Taxes | 450/3 | €4,140 | €2,977 | -€1,163 | -28.1% |
| Other amounts payable | 47/48 | €20,050 | €0 | -€20,050 | -100% |
| Accrued charges and deferred income | 492/3 | €944 | €0 | -€944 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,157 | €21,943 | -€214 | -1.0% |
| Other operating charges | 640/8 | €1,057 | €1,091 | +€34 | +3.2% |
| Gross operating margin | 9900 | €90,186 | €44,033 | -€46,153 | -51.2% |
| Operating profit (loss) | 9901 | €66,972 | €20,999 | -€45,973 | -68.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €74 | €75 | +€1 | +1.0% |
| Recurring financial charges | 65 | €74 | €75 | +€1 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €66,901 | €20,924 | -€45,976 | -68.7% |
| Income taxes | 67/77 | €16,851 | €5,499 | -€11,352 | -67.4% |
| Profit (loss) for the period | 9904 | €50,050 | €15,426 | -€34,624 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,050 | €15,426 | -€34,624 | -69.2% |
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 14 October 2026 via checked.be.