CYRIL COUCLET: 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.
CYRIL COUCLET
Largest movements
- Receivables within one year -€17,361
down €17,361 (-10.4%), from €166,751 to €149,390
of which Trade receivables: -€43,029
- Stocks and contracts +€16,843
up €16,843 (+16.2%), from €104,028 to €120,870
of which Contracts in progress: +€13,866
- Tangible fixed assets -€6,793
down €6,793 (-33.2%), from €20,452 to €13,659
of which Furniture and vehicles: -€5,984
- Tax, wage and social debts -€10,224
down €10,224 (-37.9%), from €26,963 to €16,739
of which Taxes: -€9,390
- Debts after one year -€7,745
down €7,745 (-74.5%), from €10,401 to €2,656
- Trade debts +€6,773
up €6,773 (+8.4%), from €80,926 to €87,699
- Gross operating margin -€100,417
down €100,417 (-38.1%), from €263,814 to €163,397
- Staff costs -€43,903
down €43,903 (-24.1%), from €181,922 to €138,020
- Taxes -€13,651
down €13,651 (-69.4%), from €19,659 to €6,008
- Other operating charges -€4,150
down €4,150 (-58.2%), from €7,130 to €2,980
- Depreciation -€3,082
down €3,082 (-31.2%), from €9,875 to €6,793
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 | €395,926 | €390,137 | -€5,789 | -1.5% |
| Fixed assets | 21/28 | €20,452 | €13,659 | -€6,793 | -33.2% |
| Tangible fixed assets | 22/27 | €20,452 | €13,659 | -€6,793 | -33.2% |
| Furniture and vehicles | 24 | €19,643 | €13,659 | -€5,984 | -30.5% |
| Leasing and similar rights | 25 | €808 | - | -€808 | |
| Current assets | 29/58 | €375,474 | €376,478 | +€1,004 | +0.3% |
| Amounts receivable after more than one year | 29 | €79,931 | €81,089 | +€1,159 | +1.4% |
| Other amounts receivable | 291 | €79,931 | €81,089 | +€1,159 | +1.4% |
| Stocks and contracts in progress | 3 | €104,028 | €120,870 | +€16,843 | +16.2% |
| Stocks | 30/36 | €69,421 | €72,397 | +€2,977 | +4.3% |
| Contracts in progress | 37 | €34,607 | €48,473 | +€13,866 | +40.1% |
| Amounts receivable within one year | 40/41 | €166,751 | €149,390 | -€17,361 | -10.4% |
| Trade receivables | 40 | €164,856 | €121,827 | -€43,029 | -26.1% |
| Other amounts receivable | 41 | €1,895 | €27,563 | +€25,668 | +1,354% |
| Cash at bank and in hand | 54/58 | €20,351 | €19,983 | -€368 | -1.8% |
| Deferred charges and accrued income | 490/1 | €4,414 | €5,145 | +€731 | +16.6% |
| Total equity and liabilities | 10/49 | €395,926 | €390,137 | -€5,789 | -1.5% |
| Equity | 10/15 | €208,752 | €211,050 | +€2,298 | +1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €203,752 | €206,050 | +€2,298 | +1.1% |
| Distributable reserves | 133 | €203,752 | €206,050 | +€2,298 | +1.1% |
| Amounts payable | 17/49 | €187,174 | €179,087 | -€8,087 | -4.3% |
| Amounts payable after more than one year | 17 | €10,401 | €2,656 | -€7,745 | -74.5% |
| Financial debts | 170/4 | €10,401 | €2,656 | -€7,745 | -74.5% |
| Amounts payable within one year | 42/48 | €176,640 | €172,973 | -€3,666 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €7,419 | €7,745 | +€325 | +4.4% |
| Financial debts | 43 | €10,043 | €10,044 | +€1 | 0.0% |
| Credit institutions | 430/8 | €10,043 | €10,044 | +€1 | 0.0% |
| Trade debts | 44 | €80,926 | €87,699 | +€6,773 | +8.4% |
| Suppliers | 440/4 | €80,926 | €87,699 | +€6,773 | +8.4% |
| Advances received on contracts in progress | 46 | €50,120 | €50,747 | +€627 | +1.3% |
| Taxes, remuneration and social security | 45 | €26,963 | €16,739 | -€10,224 | -37.9% |
| Taxes | 450/3 | €15,641 | €6,251 | -€9,390 | -60.0% |
| Remuneration and social security | 454/9 | €11,322 | €10,488 | -€834 | -7.4% |
| Other amounts payable | 47/48 | €1,168 | - | -€1,168 | |
| Accrued charges and deferred income | 492/3 | €134 | €3,458 | +€3,324 | +2,488% |
| Non-recurring operating income | 76A | €97 | - | -€97 | |
| Remuneration, social security and pensions | 62 | €181,922 | €138,020 | -€43,903 | -24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,875 | €6,793 | -€3,082 | -31.2% |
| Other operating charges | 640/8 | €7,130 | €2,980 | -€4,150 | -58.2% |
| Gross operating margin | 9900 | €263,814 | €163,397 | -€100,417 | -38.1% |
| Operating profit (loss) | 9901 | €64,886 | €15,604 | -€49,282 | -76.0% |
| Financial income | 75/76B | €2,048 | €1,468 | -€580 | -28.3% |
| Recurring financial income | 75 | €2,048 | €1,468 | -€580 | -28.3% |
| Financial charges | 65/66B | €8,978 | €8,766 | -€211 | -2.4% |
| Recurring financial charges | 65 | €8,978 | €8,766 | -€211 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €57,956 | €8,306 | -€49,651 | -85.7% |
| Income taxes | 67/77 | €19,659 | €6,008 | -€13,651 | -69.4% |
| Profit (loss) for the period | 9904 | €38,297 | €2,298 | -€36,000 | -94.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,297 | €2,298 | -€36,000 | -94.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.