Dr Cuffaro Wilson: 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.
Dr Cuffaro Wilson
Largest movements
- Cash +€128,966
up €128,966 (+125%), from €102,948 to €231,914
mainly Net result for the year (+€176,389) and Depreciation (+€51,327)
- Tangible fixed assets +€72,267
up €72,267 (+20.8%), from €348,072 to €420,339
of which Furniture and vehicles: +€92,518
- Receivables within one year -€48,732
down €48,732 (-16.7%), from €291,326 to €242,594
- Profit (loss) carried forward +€76,389
up €76,389 (+31.9%), from €239,577 to €315,966
- Debts after one year +€49,601
up €49,601 (+20.1%), from €246,991 to €296,592
of which Financial debts: +€49,601
- Current portion of long-term debt +€19,957
up €19,957 (+54.0%), from €36,960 to €56,917
- Tax, wage and social debts +€19,293
up €19,293 (+84.9%), from €22,723 to €42,016
- Other debts -€17,500
down €17,500 (-33.3%), from €52,500 to €35,000
- Turnover +€107,548
up €107,548 (+23.7%), from €454,133 to €561,680
- Gross operating margin +€66,001
up €66,001 (+30.4%), from €216,847 to €282,848
- Purchases and services +€33,782
up €33,782 (+13.8%), from €245,051 to €278,833
- Depreciation +€20,147
up €20,147 (+64.6%), from €31,180 to €51,327
- Taxes +€11,819
up €11,819 (+26.9%), from €43,973 to €55,793
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 | €745,877 | €896,485 | +€150,608 | +20.2% |
| Fixed assets | 21/28 | €348,072 | €420,339 | +€72,267 | +20.8% |
| Tangible fixed assets | 22/27 | €348,072 | €420,339 | +€72,267 | +20.8% |
| Land and buildings | 22 | €303,511 | €281,791 | -€21,720 | -7.2% |
| Furniture and vehicles | 24 | €8,596 | €101,114 | +€92,518 | +1,076% |
| Other tangible fixed assets | 26 | €35,965 | €37,435 | +€1,470 | +4.1% |
| Current assets | 29/58 | €397,805 | €476,146 | +€78,341 | +19.7% |
| Amounts receivable within one year | 40/41 | €291,326 | €242,594 | -€48,732 | -16.7% |
| Other amounts receivable | 41 | €291,326 | €242,594 | -€48,732 | -16.7% |
| Cash at bank and in hand | 54/58 | €102,948 | €231,914 | +€128,966 | +125% |
| Deferred charges and accrued income | 490/1 | €3,530 | €1,638 | -€1,892 | -53.6% |
| Total equity and liabilities | 10/49 | €745,877 | €896,485 | +€150,608 | +20.2% |
| Equity | 10/15 | €356,278 | €432,667 | +€76,389 | +21.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | - | €12,400 | +€12,400 | |
| Issued capital | 100 | - | €18,600 | +€18,600 | |
| Uncalled capital | 101 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €104,302 | €104,302 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,444 | €83,444 | = | 0.0% |
| Distributable reserves | 133 | €20,858 | €20,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,577 | €315,966 | +€76,389 | +31.9% |
| Provisions and deferred taxes | 16 | €27,815 | €27,815 | = | 0.0% |
| Deferred taxes | 168 | €27,815 | €27,815 | = | 0.0% |
| Amounts payable | 17/49 | €361,785 | €436,004 | +€74,219 | +20.5% |
| Amounts payable after more than one year | 17 | €246,991 | €296,592 | +€49,601 | +20.1% |
| Financial debts | 170/4 | €246,241 | €295,842 | +€49,601 | +20.1% |
| Other amounts payable | 178/9 | €750 | €750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,794 | €139,411 | +€24,618 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €36,960 | €56,917 | +€19,957 | +54.0% |
| Trade debts | 44 | €2,610 | €5,478 | +€2,868 | +110% |
| Suppliers | 440/4 | €2,610 | €5,478 | +€2,868 | +110% |
| Taxes, remuneration and social security | 45 | €22,723 | €42,016 | +€19,293 | +84.9% |
| Taxes | 450/3 | €22,723 | €42,016 | +€19,293 | +84.9% |
| Other amounts payable | 47/48 | €52,500 | €35,000 | -€17,500 | -33.3% |
| Turnover | 70 | €454,133 | €561,680 | +€107,548 | +23.7% |
| Non-recurring operating income | 76A | €7,765 | - | -€7,765 | |
| Goods, raw materials, services and sundry goods | 60/61 | €245,051 | €278,833 | +€33,782 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,180 | €51,327 | +€20,147 | +64.6% |
| Other operating charges | 640/8 | €2,372 | €100 | -€2,271 | -95.8% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €216,847 | €282,848 | +€66,001 | +30.4% |
| Operating profit (loss) | 9901 | €183,295 | €231,357 | +€48,061 | +26.2% |
| Financial income | 75/76B | €18,801 | €12,356 | -€6,445 | -34.3% |
| Recurring financial income | 75 | €18,801 | €12,356 | -€6,445 | -34.3% |
| Financial charges | 65/66B | €14,258 | €11,530 | -€2,727 | -19.1% |
| Recurring financial charges | 65 | €14,258 | €11,530 | -€2,727 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €187,838 | €232,182 | +€44,344 | +23.6% |
| Transfer from deferred taxes | 780 | €897 | - | -€897 | |
| Income taxes | 67/77 | €43,973 | €55,793 | +€11,819 | +26.9% |
| Profit (loss) for the period | 9904 | €144,762 | €176,389 | +€31,628 | +21.8% |
| Transfer from tax-exempt reserves | 789 | €2,691 | - | -€2,691 | |
| Profit (loss) for the period to be appropriated | 9905 | €147,453 | €176,389 | +€28,936 | +19.6% |
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 23 October 2026 via checked.be.