JO CUYVERS: 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.
JO CUYVERS
Largest movements
- Receivables within one year -€41,980
down €41,980 (-29.3%), from €143,176 to €101,196
of which Trade receivables: -€44,206
- Receivables after one year +€12,921
up €12,921 (+48.3%), from €26,745 to €39,665
- Tangible fixed assets -€7,194
down €7,194 (-24.8%), from €29,061 to €21,867
of which Land and buildings: -€10,342
- Cash +€6,984
up €6,984 (+42.0%), from €16,646 to €23,630
mainly Receivables within one year (+€41,980) and Depreciation (+€11,258)
- Profit (loss) carried forward -€19,093
new in 2025: -€19,093
- Tax, wage and social debts -€11,147
down €11,147 (-87.5%), from €12,736 to €1,588
- Gross operating margin -€122,020
down €122,020, from €117,262 to -€4,758
- Taxes -€34,267
down €34,267 (-98.7%), from €34,713 to €446
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.
Cash bridge derived
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 | €217,302 | €187,454 | -€29,848 | -13.7% |
| Fixed assets | 21/28 | €29,061 | €21,867 | -€7,194 | -24.8% |
| Tangible fixed assets | 22/27 | €29,061 | €21,867 | -€7,194 | -24.8% |
| Land and buildings | 22 | €27,856 | €17,514 | -€10,342 | -37.1% |
| Furniture and vehicles | 24 | €1,205 | €4,353 | +€3,148 | +261.2% |
| Current assets | 29/58 | €188,241 | €165,587 | -€22,654 | -12.0% |
| Amounts receivable after more than one year | 29 | €26,745 | €39,665 | +€12,921 | +48.3% |
| Trade receivables | 290 | €26,745 | €39,665 | +€12,921 | +48.3% |
| Stocks and contracts in progress | 3 | €184 | - | -€184 | |
| Stocks | 30/36 | €184 | - | -€184 | |
| Amounts receivable within one year | 40/41 | €143,176 | €101,196 | -€41,980 | -29.3% |
| Trade receivables | 40 | €56,308 | €12,102 | -€44,206 | -78.5% |
| Other amounts receivable | 41 | €86,868 | €89,094 | +€2,226 | +2.6% |
| Cash at bank and in hand | 54/58 | €16,646 | €23,630 | +€6,984 | +42.0% |
| Deferred charges and accrued income | 490/1 | €1,489 | €1,095 | -€395 | -26.5% |
| Total equity and liabilities | 10/49 | €217,302 | €187,454 | -€29,848 | -13.7% |
| Equity | 10/15 | €201,765 | €182,672 | -€19,093 | -9.5% |
| Reserves | 13 | €201,765 | €201,765 | = | 0.0% |
| Distributable reserves | 133 | €201,765 | €201,765 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,093 | -€19,093 | |
| Amounts payable | 17/49 | €15,537 | €4,782 | -€10,755 | -69.2% |
| Amounts payable within one year | 42/48 | €15,507 | €4,768 | -€10,739 | -69.3% |
| Trade debts | 44 | €2,772 | €3,180 | +€408 | +14.7% |
| Suppliers | 440/4 | €2,772 | €3,180 | +€408 | +14.7% |
| Taxes, remuneration and social security | 45 | €12,736 | €1,588 | -€11,147 | -87.5% |
| Taxes | 450/3 | €12,736 | €1,588 | -€11,147 | -87.5% |
| Accrued charges and deferred income | 492/3 | €30 | €14 | -€16 | -53.2% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,482 | €11,258 | -€224 | -1.9% |
| Other operating charges | 640/8 | €2,702 | €2,431 | -€271 | -10.0% |
| Gross operating margin | 9900 | €117,262 | -€4,758 | -€122,020 | |
| Operating profit (loss) | 9901 | €103,078 | -€18,447 | -€121,525 | |
| Financial income | 75/76B | €2 | €15 | +€14 | +889.5% |
| Recurring financial income | 75 | €2 | €15 | +€14 | +889.5% |
| Financial charges | 65/66B | €1,030 | €215 | -€815 | -79.1% |
| Recurring financial charges | 65 | €1,030 | €215 | -€815 | -79.1% |
| Profit (loss) for the period before taxes | 9903 | €102,050 | -€18,647 | -€120,697 | |
| Income taxes | 67/77 | €34,713 | €446 | -€34,267 | -98.7% |
| Profit (loss) for the period | 9904 | €67,337 | -€19,093 | -€86,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,337 | -€19,093 | -€86,430 |
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 9 October 2026 via checked.be.