Gert Cuypers: 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.
Gert Cuypers
Largest movements
- Cash +€91,879
up €91,879 (+119%), from €77,303 to €169,182
mainly Current investments (+€75,000) and Net result for the year (+€36,554)
- Current investments -€75,000
down €75,000 (-100%), from €75,000 to €0
- Receivables after one year +€17,500
up €17,500 (+50.0%), from €35,000 to €52,500
- Tangible fixed assets -€8,120
down €8,120 (-14.3%), from €56,929 to €48,809
of which Land and buildings: -€9,479
- Reserves +€36,554
up €36,554 (+20.8%), from €175,468 to €212,022
- Debts after one year -€5,948
down €5,948 (-15.1%), from €39,445 to €33,497
- Depreciation +€3,405
up €3,405 (+27.6%), from €12,340 to €15,745
- Financial income +€2,035
up €2,035 (+150%), from €1,354 to €3,389
- Gross operating margin -€1,412
down €1,412 (-2.0%), from €72,300 to €70,888
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 | €269,714 | €298,025 | +€28,311 | +10.5% |
| Fixed assets | 21/28 | €56,929 | €48,809 | -€8,120 | -14.3% |
| Tangible fixed assets | 22/27 | €56,929 | €48,809 | -€8,120 | -14.3% |
| Land and buildings | 22 | €51,876 | €42,397 | -€9,479 | -18.3% |
| Plant, machinery and equipment | 23 | €5,053 | €0 | -€5,053 | -100% |
| Furniture and vehicles | 24 | - | €4,220 | +€4,220 | |
| Other tangible fixed assets | 26 | - | €2,192 | +€2,192 | |
| Current assets | 29/58 | €212,785 | €249,216 | +€36,431 | +17.1% |
| Amounts receivable after more than one year | 29 | €35,000 | €52,500 | +€17,500 | +50.0% |
| Other amounts receivable | 291 | €35,000 | €52,500 | +€17,500 | +50.0% |
| Amounts receivable within one year | 40/41 | €22,007 | €23,756 | +€1,749 | +7.9% |
| Trade receivables | 40 | €22,007 | €23,756 | +€1,749 | +7.9% |
| Current investments | 50/53 | €75,000 | €0 | -€75,000 | -100% |
| Cash at bank and in hand | 54/58 | €77,303 | €169,182 | +€91,879 | +119% |
| Deferred charges and accrued income | 490/1 | €3,475 | €3,778 | +€303 | +8.7% |
| Total equity and liabilities | 10/49 | €269,714 | €298,025 | +€28,311 | +10.5% |
| Equity | 10/15 | €194,068 | €230,622 | +€36,554 | +18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,468 | €212,022 | +€36,554 | +20.8% |
| Distributable reserves | 133 | €175,468 | €212,022 | +€36,554 | +20.8% |
| Amounts payable | 17/49 | €75,647 | €67,403 | -€8,243 | -10.9% |
| Amounts payable after more than one year | 17 | €39,445 | €33,497 | -€5,948 | -15.1% |
| Financial debts | 170/4 | €39,445 | €33,497 | -€5,948 | -15.1% |
| Amounts payable within one year | 42/48 | €36,201 | €33,906 | -€2,295 | -6.3% |
| Current portion of amounts payable after more than one year | 42 | €5,685 | €5,948 | +€263 | +4.6% |
| Financial debts | 43 | €3,750 | €3,750 | = | 0.0% |
| Credit institutions | 430/8 | €3,750 | €3,750 | = | 0.0% |
| Trade debts | 44 | €12,399 | €10,561 | -€1,839 | -14.8% |
| Suppliers | 440/4 | €12,399 | €10,561 | -€1,839 | -14.8% |
| Taxes, remuneration and social security | 45 | €10,390 | €11,697 | +€1,306 | +12.6% |
| Taxes | 450/3 | €10,390 | €11,697 | +€1,306 | +12.6% |
| Other amounts payable | 47/48 | €3,977 | €1,951 | -€2,026 | -50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,340 | €15,745 | +€3,405 | +27.6% |
| Other operating charges | 640/8 | €1,103 | €693 | -€411 | -37.2% |
| Gross operating margin | 9900 | €72,300 | €70,888 | -€1,412 | -2.0% |
| Operating profit (loss) | 9901 | €58,857 | €54,450 | -€4,407 | -7.5% |
| Financial income | 75/76B | €1,354 | €3,389 | +€2,035 | +150% |
| Recurring financial income | 75 | €1,354 | €3,389 | +€2,035 | +150% |
| Financial charges | 65/66B | €5,436 | €4,858 | -€578 | -10.6% |
| Recurring financial charges | 65 | €5,436 | €4,858 | -€578 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €54,774 | €52,981 | -€1,793 | -3.3% |
| Income taxes | 67/77 | €15,842 | €16,427 | +€585 | +3.7% |
| Profit (loss) for the period | 9904 | €38,932 | €36,554 | -€2,378 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,932 | €36,554 | -€2,378 | -6.1% |
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 27 October 2026 via checked.be.