LA CUSTINNOISE: what changed
Two fiscal 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.
LA CUSTINNOISE
Largest movements
- Receivables within one year -€155,974
down €155,974 (-20.9%), from €746,727 to €590,753
of which Other amounts receivable: -€355,787
- Tangible fixed assets -€53,638
down €53,638 (-4.2%), from €1.3m to €1.2m
of which Land and buildings: -€58,741
- Debts after one year -€172,257
down €172,257 (-30.9%), from €557,639 to €385,382
- Tax, wage and social debts -€136,824
down €136,824 (-77.5%), from €176,449 to €39,625
of which Taxes: -€138,201
- Other debts +€112,607
up €112,607 (+96.0%), from €117,321 to €229,928
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Gross operating margin -€250,489
down €250,489 (-67.1%), from €373,117 to €122,627
- Taxes -€58,819
down €58,819 (-94.0%), from €62,551 to €3,732
- Financial charges -€16,670
down €16,670 (-31.3%), from €53,261 to €36,591
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 | €2,055,890 | €1,828,325 | -€227,566 | -11.1% |
| Fixed assets | 21/28 | €1,269,628 | €1,215,991 | -€53,638 | -4.2% |
| Tangible fixed assets | 22/27 | €1,269,628 | €1,215,991 | -€53,638 | -4.2% |
| Land and buildings | 22 | €1,040,699 | €981,958 | -€58,741 | -5.6% |
| Furniture and vehicles | 24 | €225,430 | €230,533 | +€5,103 | +2.3% |
| Assets under construction and advance payments | 27 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €786,262 | €612,334 | -€173,928 | -22.1% |
| Amounts receivable within one year | 40/41 | €746,727 | €590,753 | -€155,974 | -20.9% |
| Trade receivables | 40 | €335,226 | €535,039 | +€199,814 | +59.6% |
| Other amounts receivable | 41 | €411,502 | €55,714 | -€355,787 | -86.5% |
| Cash at bank and in hand | 54/58 | €36,869 | €18,844 | -€18,024 | -48.9% |
| Deferred charges and accrued income | 490/1 | €2,666 | €2,736 | +€70 | +2.6% |
| Total equity and liabilities | 10/49 | €2,055,890 | €1,828,325 | -€227,566 | -11.1% |
| Equity | 10/15 | €513,396 | €521,478 | +€8,082 | +1.6% |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Reserves | 13 | €127,470 | €120,780 | -€6,691 | -5.2% |
| Tax-exempt reserves | 132 | €107,610 | €100,920 | -€6,691 | -6.2% |
| Distributable reserves | 133 | €19,860 | €19,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €187,326 | €202,099 | +€14,773 | +7.9% |
| Provisions and deferred taxes | 16 | €55,411 | €51,966 | -€3,445 | -6.2% |
| Deferred taxes | 168 | €55,411 | €51,966 | -€3,445 | -6.2% |
| Amounts payable | 17/49 | €1,487,084 | €1,254,881 | -€232,203 | -15.6% |
| Amounts payable after more than one year | 17 | €557,639 | €385,382 | -€172,257 | -30.9% |
| Financial debts | 170/4 | €557,639 | €385,382 | -€172,257 | -30.9% |
| Amounts payable within one year | 42/48 | €929,445 | €869,499 | -€59,946 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €581,634 | €591,525 | +€9,892 | +1.7% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €4,041 | €8,421 | +€4,379 | +108.4% |
| Suppliers | 440/4 | €4,041 | €8,421 | +€4,379 | +108.4% |
| Taxes, remuneration and social security | 45 | €176,449 | €39,625 | -€136,824 | -77.5% |
| Taxes | 450/3 | €176,449 | €38,248 | -€138,201 | -78.3% |
| Remuneration and social security | 454/9 | - | €1,377 | +€1,377 | |
| Other amounts payable | 47/48 | €117,321 | €229,928 | +€112,607 | +96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,027 | €74,635 | -€2,392 | -3.1% |
| Other operating charges | 640/8 | €3,084 | €3,035 | -€50 | -1.6% |
| Gross operating margin | 9900 | €373,117 | €122,627 | -€250,489 | -67.1% |
| Operating profit (loss) | 9901 | €293,005 | €44,958 | -€248,048 | -84.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €53,261 | €36,591 | -€16,670 | -31.3% |
| Recurring financial charges | 65 | €53,261 | €36,591 | -€16,670 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €239,744 | €8,369 | -€231,375 | -96.5% |
| Transfer from deferred taxes | 780 | €3,445 | €3,445 | = | 0.0% |
| Income taxes | 67/77 | €62,551 | €3,732 | -€58,819 | -94.0% |
| Profit (loss) for the period | 9904 | €180,638 | €8,082 | -€172,555 | -95.5% |
| Transfer from tax-exempt reserves | 789 | €6,691 | €6,691 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €187,329 | €14,773 | -€172,555 | -92.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.