De Cuyper Steven: 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.
De Cuyper Steven
Largest movements
- Cash +€12,102
up €12,102 (+62.4%), from €19,407 to €31,509
mainly Net result for the year (+€15,288) and Depreciation (+€6,999)
- Tangible fixed assets -€6,999
down €6,999 (-21.4%), from €32,700 to €25,701
- Stocks and contracts +€6,735
up €6,735 (+520%), from €1,294 to €8,029
of which Contracts in progress: +€3,583
- Receivables within one year -€3,477
down €3,477 (-17.6%), from €19,782 to €16,304
of which Trade receivables: -€5,393
- Reserves +€15,288
up €15,288 (+98.7%), from €15,497 to €30,785
- Debts after one year -€6,546
down €6,546 (-24.6%), from €26,637 to €20,092
- Other debts -€3,629
down €3,629 (-100%), from €3,629 to €0
- Trade debts +€3,467
up €3,467 (+106%), from €3,267 to €6,734
- Gross operating margin -€10,197
down €10,197 (-25.3%), from €40,374 to €30,177
- Depreciation +€4,704
up €4,704 (+205%), from €2,295 to €6,999
- Financial charges +€550
up €550 (+92.5%), from €594 to €1,144
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 | €74,652 | €82,756 | +€8,105 | +10.9% |
| Fixed assets | 21/28 | €32,700 | €25,701 | -€6,999 | -21.4% |
| Tangible fixed assets | 22/27 | €32,700 | €25,701 | -€6,999 | -21.4% |
| Furniture and vehicles | 24 | €32,700 | €25,701 | -€6,999 | -21.4% |
| Current assets | 29/58 | €41,951 | €57,055 | +€15,104 | +36.0% |
| Stocks and contracts in progress | 3 | €1,294 | €8,029 | +€6,735 | +520% |
| Stocks | 30/36 | €1,294 | €4,446 | +€3,151 | +243% |
| Contracts in progress | 37 | - | €3,583 | +€3,583 | |
| Amounts receivable within one year | 40/41 | €19,782 | €16,304 | -€3,477 | -17.6% |
| Trade receivables | 40 | €17,866 | €12,473 | -€5,393 | -30.2% |
| Other amounts receivable | 41 | €1,915 | €3,831 | +€1,916 | +100% |
| Cash at bank and in hand | 54/58 | €19,407 | €31,509 | +€12,102 | +62.4% |
| Deferred charges and accrued income | 490/1 | €1,469 | €1,213 | -€256 | -17.4% |
| Total equity and liabilities | 10/49 | €74,652 | €82,756 | +€8,105 | +10.9% |
| Equity | 10/15 | €34,097 | €49,385 | +€15,288 | +44.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,497 | €30,785 | +€15,288 | +98.7% |
| Distributable reserves | 133 | €15,497 | €30,785 | +€15,288 | +98.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €40,555 | €33,371 | -€7,183 | -17.7% |
| Amounts payable after more than one year | 17 | €26,637 | €20,092 | -€6,546 | -24.6% |
| Financial debts | 170/4 | €26,637 | €20,092 | -€6,546 | -24.6% |
| Amounts payable within one year | 42/48 | €13,917 | €13,279 | -€638 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €6,307 | €6,546 | +€239 | +3.8% |
| Trade debts | 44 | €3,267 | €6,734 | +€3,467 | +106% |
| Suppliers | 440/4 | €3,267 | €6,734 | +€3,467 | +106% |
| Taxes, remuneration and social security | 45 | €714 | €0 | -€714 | -100% |
| Taxes | 450/3 | €714 | €0 | -€714 | -100% |
| Other amounts payable | 47/48 | €3,629 | €0 | -€3,629 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,295 | €6,999 | +€4,704 | +205% |
| Other operating charges | 640/8 | €706 | €718 | +€12 | +1.7% |
| Non-recurring operating charges | 66A | €6,049 | €0 | -€6,049 | -100% |
| Gross operating margin | 9900 | €40,374 | €30,177 | -€10,197 | -25.3% |
| Operating profit (loss) | 9901 | €31,324 | €22,459 | -€8,865 | -28.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €594 | €1,144 | +€550 | +92.5% |
| Recurring financial charges | 65 | €594 | €1,144 | +€550 | +92.5% |
| Profit (loss) for the period before taxes | 9903 | €30,729 | €21,315 | -€9,414 | -30.6% |
| Income taxes | 67/77 | €5,714 | €6,028 | +€313 | +5.5% |
| Profit (loss) for the period | 9904 | €25,015 | €15,288 | -€9,727 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,015 | €15,288 | -€9,727 | -38.9% |
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 29 October 2026 via checked.be.