Cuyvers HVAC: 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.
Cuyvers HVAC
Largest movements
- Tangible fixed assets -€45,158
down €45,158 (-33.8%), from €133,423 to €88,265
of which Furniture and vehicles: -€31,736
- Receivables within one year -€18,393
down €18,393 (-8.0%), from €229,880 to €211,488
of which Trade receivables: -€25,105
- Cash +€15,664
up €15,664 (+76,337%), from €21 to €15,685
mainly Depreciation (+€45,158) and Receivables within one year (+€18,393)
- Deferred charges and accrued income +€6,087
up €6,087 (+75.4%), from €8,077 to €14,164
- Debts after one year -€28,009
down €28,009 (-53.5%), from €52,351 to €24,341
- Other debts -€9,652
down €9,652 (-90.4%), from €10,682 to €1,030
- Short-term financial debts -€7,977
down €7,977 (-100%), from €7,977 to €0
- Current portion of long-term debt -€6,553
down €6,553 (-19.0%), from €34,562 to €28,009
- Trade debts +€5,528
up €5,528 (+7.0%), from €79,510 to €85,038
- Staff costs +€36,504
up €36,504 (+64.5%), from €56,572 to €93,076
- Taxes -€14,788
down €14,788 (-73.6%), from €20,104 to €5,316
- Gross operating margin -€12,208
down €12,208 (-7.3%), from €168,226 to €156,018
- Financial charges -€2,479
down €2,479 (-38.9%), from €6,374 to €3,894
- Depreciation -€2,035
down €2,035 (-4.3%), from €47,193 to €45,158
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 | €435,999 | €395,848 | -€40,151 | -9.2% |
| Fixed assets | 21/28 | €133,423 | €88,265 | -€45,158 | -33.8% |
| Tangible fixed assets | 22/27 | €133,423 | €88,265 | -€45,158 | -33.8% |
| Land and buildings | 22 | €9,879 | €6,851 | -€3,028 | -30.7% |
| Plant, machinery and equipment | 23 | €12,736 | €8,236 | -€4,500 | -35.3% |
| Furniture and vehicles | 24 | €100,770 | €69,034 | -€31,736 | -31.5% |
| Leasing and similar rights | 25 | €5,288 | €736 | -€4,552 | -86.1% |
| Other tangible fixed assets | 26 | €4,750 | €3,408 | -€1,342 | -28.3% |
| Current assets | 29/58 | €302,577 | €307,584 | +€5,007 | +1.7% |
| Stocks and contracts in progress | 3 | €64,599 | €66,247 | +€1,648 | +2.6% |
| Stocks | 30/36 | €35,790 | €40,790 | +€5,000 | +14.0% |
| Contracts in progress | 37 | €28,809 | €25,457 | -€3,352 | -11.6% |
| Amounts receivable within one year | 40/41 | €229,880 | €211,488 | -€18,393 | -8.0% |
| Trade receivables | 40 | €65,671 | €40,567 | -€25,105 | -38.2% |
| Other amounts receivable | 41 | €164,209 | €170,921 | +€6,712 | +4.1% |
| Cash at bank and in hand | 54/58 | €21 | €15,685 | +€15,664 | +76,337% |
| Deferred charges and accrued income | 490/1 | €8,077 | €14,164 | +€6,087 | +75.4% |
| Total equity and liabilities | 10/49 | €435,999 | €395,848 | -€40,151 | -9.2% |
| Equity | 10/15 | €246,075 | €251,308 | +€5,233 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €239,875 | €245,108 | +€5,233 | +2.2% |
| Distributable reserves | 133 | €239,875 | €245,108 | +€5,233 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €189,924 | €144,540 | -€45,384 | -23.9% |
| Amounts payable after more than one year | 17 | €52,351 | €24,341 | -€28,009 | -53.5% |
| Financial debts | 170/4 | €52,351 | €24,341 | -€28,009 | -53.5% |
| Amounts payable within one year | 42/48 | €137,574 | €120,199 | -€17,375 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €34,562 | €28,009 | -€6,553 | -19.0% |
| Financial debts | 43 | €7,977 | €0 | -€7,977 | -100% |
| Credit institutions | 430/8 | €7,977 | €0 | -€7,977 | -100% |
| Trade debts | 44 | €79,510 | €85,038 | +€5,528 | +7.0% |
| Suppliers | 440/4 | €79,510 | €85,038 | +€5,528 | +7.0% |
| Taxes, remuneration and social security | 45 | €4,842 | €6,121 | +€1,279 | +26.4% |
| Taxes | 450/3 | €2,357 | €508 | -€1,848 | -78.4% |
| Remuneration and social security | 454/9 | €2,486 | €5,613 | +€3,128 | +126% |
| Other amounts payable | 47/48 | €10,682 | €1,030 | -€9,652 | -90.4% |
| Non-recurring operating income | 76A | €5,624 | €4,061 | -€1,563 | -27.8% |
| Remuneration, social security and pensions | 62 | €56,572 | €93,076 | +€36,504 | +64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,193 | €45,158 | -€2,035 | -4.3% |
| Other operating charges | 640/8 | €5,086 | €3,393 | -€1,693 | -33.3% |
| Gross operating margin | 9900 | €168,226 | €156,018 | -€12,208 | -7.3% |
| Operating profit (loss) | 9901 | €59,375 | €14,391 | -€44,984 | -75.8% |
| Financial income | 75/76B | €872 | €52 | -€819 | -94.0% |
| Recurring financial income | 75 | €872 | €52 | -€819 | -94.0% |
| Financial charges | 65/66B | €6,374 | €3,894 | -€2,479 | -38.9% |
| Recurring financial charges | 65 | €6,374 | €3,894 | -€2,479 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €53,873 | €10,549 | -€43,324 | -80.4% |
| Income taxes | 67/77 | €20,104 | €5,316 | -€14,788 | -73.6% |
| Profit (loss) for the period | 9904 | €33,769 | €5,233 | -€28,536 | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,769 | €5,233 | -€28,536 | -84.5% |
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 28 October 2026 via checked.be.