OUATINE & CUMULUS: what changed
OUATINE & CUMULUS
Largest movements
- Cash -€13,149
down €13,149 (-21.8%), from €60,364 to €47,215
mainly Stocks and contracts (-€8,440) and Other debts (-€6,847)
- Stocks and contracts +€8,440
up €8,440 (+118%), from €7,160 to €15,600
- Tangible fixed assets -€7,634
down €7,634 (-28.7%), from €26,558 to €18,924
of which Furniture and vehicles: -€6,743
- Receivables within one year +€2,965
up €2,965 (+46.5%), from €6,377 to €9,342
of which Other amounts receivable: +€2,502
- Deferred charges and accrued income +€1,443
up €1,443 (+359%), from €402 to €1,844
- Other debts -€6,847
down €6,847 (-15.6%), from €43,779 to €36,933
- Tax, wage and social debts -€6,837
down €6,837 (-60.5%), from €11,296 to €4,459
of which Taxes: -€4,279
- Trade debts +€4,525
up €4,525 (+314%), from €1,442 to €5,968
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Reserves -€1,860
no longer reported in 2025 (was €1,860)
- Gross operating margin -€4,238
down €4,238 (-28.3%), from €14,964 to €10,726
- Financial charges -€1,088
down €1,088 (-78.5%), from €1,386 to €297
- Other operating charges -€774
down €774 (-92.8%), from €834 to €60
- Depreciation +€348
up €348 (+4.5%), from €7,780 to €8,128
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €102,321 | €93,891 | -€8,430 | -8.2% |
| Fixed assets | 21/28 | €28,018 | €19,889 | -€8,129 | -29.0% |
| Intangible fixed assets | 21 | €1,326 | €831 | -€495 | -37.3% |
| Tangible fixed assets | 22/27 | €26,558 | €18,924 | -€7,634 | -28.7% |
| Plant, machinery and equipment | 23 | €2,813 | €1,922 | -€891 | -31.7% |
| Furniture and vehicles | 24 | €23,745 | €17,002 | -€6,743 | -28.4% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €74,303 | €74,001 | -€301 | -0.4% |
| Stocks and contracts in progress | 3 | €7,160 | €15,600 | +€8,440 | +118% |
| Stocks | 30/36 | €7,160 | €15,600 | +€8,440 | +118% |
| Amounts receivable within one year | 40/41 | €6,377 | €9,342 | +€2,965 | +46.5% |
| Trade receivables | 40 | €6,377 | €6,840 | +€463 | +7.3% |
| Other amounts receivable | 41 | - | €2,502 | +€2,502 | |
| Cash at bank and in hand | 54/58 | €60,364 | €47,215 | -€13,149 | -21.8% |
| Deferred charges and accrued income | 490/1 | €402 | €1,844 | +€1,443 | +359% |
| Total equity and liabilities | 10/49 | €102,321 | €93,891 | -€8,430 | -8.2% |
| Equity | 10/15 | €45,803 | €46,532 | +€729 | +1.6% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Capital | 10 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Issued capital | 100 | €18,600 | €8,060 | -€10,540 | -56.7% |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | - | -€1,860 | |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €37,743 | €38,472 | +€729 | +1.9% |
| Amounts payable | 17/49 | €56,518 | €47,359 | -€9,159 | -16.2% |
| Amounts payable within one year | 42/48 | €56,518 | €47,359 | -€9,159 | -16.2% |
| Trade debts | 44 | €1,442 | €5,968 | +€4,525 | +314% |
| Suppliers | 440/4 | €1,442 | €5,968 | +€4,525 | +314% |
| Taxes, remuneration and social security | 45 | €11,296 | €4,459 | -€6,837 | -60.5% |
| Taxes | 450/3 | €7,996 | €3,717 | -€4,279 | -53.5% |
| Remuneration and social security | 454/9 | €3,300 | €742 | -€2,558 | -77.5% |
| Other amounts payable | 47/48 | €43,779 | €36,933 | -€6,847 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,780 | €8,128 | +€348 | +4.5% |
| Other operating charges | 640/8 | €834 | €60 | -€774 | -92.8% |
| Gross operating margin | 9900 | €14,964 | €10,726 | -€4,238 | -28.3% |
| Operating profit (loss) | 9901 | €6,350 | €2,538 | -€3,812 | -60.0% |
| Financial charges | 65/66B | €1,386 | €297 | -€1,088 | -78.5% |
| Recurring financial charges | 65 | €1,386 | €297 | -€1,088 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €4,964 | €2,241 | -€2,723 | -54.9% |
| Income taxes | 67/77 | €1,649 | €1,512 | -€137 | -8.3% |
| Profit (loss) for the period | 9904 | €3,315 | €729 | -€2,587 | -78.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,315 | €729 | -€2,587 | -78.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.