SO CUTE: 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.
SO CUTE
Largest movements
- Tangible fixed assets +€60,727
up €60,727 (+15.8%), from €384,207 to €444,934
of which Land and buildings: +€72,074
- Stocks and contracts +€18,094
up €18,094 (+38.0%), from €47,635 to €65,729
- Cash +€12,149
up €12,149 (+13.7%), from €88,656 to €100,804
mainly Debts after one year (+€74,514) and Depreciation (+€36,974)
- Deferred charges and accrued income +€10,322
up €10,322 (+179%), from €5,780 to €16,102
- Debts after one year +€74,514
up €74,514 (+22.1%), from €336,696 to €411,210
- Reserves +€25,000
up €25,000 (+364%), from €6,860 to €31,860
- Other debts -€10,828
down €10,828 (-24.8%), from €43,605 to €32,777
- Gross operating margin +€74,129
up €74,129 (+118%), from €62,968 to €137,097
- Depreciation +€7,835
up €7,835 (+26.9%), from €29,139 to €36,974
- Taxes +€4,603
up €4,603 (+766%), from €601 to €5,204
- Financial charges +€1,656
up €1,656 (+8.2%), from €20,236 to €21,892
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 | €544,181 | €638,446 | +€94,265 | +17.3% |
| Fixed assets | 21/28 | €393,296 | €449,154 | +€55,858 | +14.2% |
| Intangible fixed assets | 21 | €6,607 | €3,577 | -€3,030 | -45.9% |
| Tangible fixed assets | 22/27 | €384,207 | €444,934 | +€60,727 | +15.8% |
| Land and buildings | 22 | €368,749 | €440,823 | +€72,074 | +19.5% |
| Furniture and vehicles | 24 | €8,417 | €4,111 | -€4,306 | -51.2% |
| Other tangible fixed assets | 26 | €7,041 | €0 | -€7,041 | -100% |
| Financial fixed assets | 28 | €2,482 | €642 | -€1,840 | -74.1% |
| Current assets | 29/58 | €150,885 | €189,293 | +€38,407 | +25.5% |
| Stocks and contracts in progress | 3 | €47,635 | €65,729 | +€18,094 | +38.0% |
| Stocks | 30/36 | €47,635 | €65,729 | +€18,094 | +38.0% |
| Amounts receivable within one year | 40/41 | €8,814 | €6,657 | -€2,157 | -24.5% |
| Trade receivables | 40 | €3,926 | €1,056 | -€2,870 | -73.1% |
| Other amounts receivable | 41 | €4,888 | €5,602 | +€713 | +14.6% |
| Cash at bank and in hand | 54/58 | €88,656 | €100,804 | +€12,149 | +13.7% |
| Deferred charges and accrued income | 490/1 | €5,780 | €16,102 | +€10,322 | +179% |
| Total equity and liabilities | 10/49 | €544,181 | €638,446 | +€94,265 | +17.3% |
| Equity | 10/15 | €91,600 | €115,608 | +€24,008 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,860 | €31,860 | +€25,000 | +364% |
| Distributable reserves | 133 | €6,860 | €31,860 | +€25,000 | +364% |
| Profit (loss) carried forward | 14 | €66,140 | €65,148 | -€992 | -1.5% |
| Amounts payable | 17/49 | €452,581 | €522,838 | +€70,257 | +15.5% |
| Amounts payable after more than one year | 17 | €336,696 | €411,210 | +€74,514 | +22.1% |
| Financial debts | 170/4 | €336,696 | €411,210 | +€74,514 | +22.1% |
| Amounts payable within one year | 42/48 | €112,475 | €110,476 | -€1,999 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €17,526 | €21,161 | +€3,634 | +20.7% |
| Financial debts | 43 | €299 | €1,193 | +€894 | +299% |
| Credit institutions | 430/8 | €299 | €1,193 | +€894 | +299% |
| Trade debts | 44 | €26,328 | €24,838 | -€1,490 | -5.7% |
| Suppliers | 440/4 | €26,328 | €24,838 | -€1,490 | -5.7% |
| Taxes, remuneration and social security | 45 | €24,717 | €30,509 | +€5,792 | +23.4% |
| Taxes | 450/3 | €21,093 | €26,477 | +€5,384 | +25.5% |
| Remuneration and social security | 454/9 | €3,624 | €4,032 | +€408 | +11.3% |
| Other amounts payable | 47/48 | €43,605 | €32,777 | -€10,828 | -24.8% |
| Accrued charges and deferred income | 492/3 | €3,410 | €1,152 | -€2,258 | -66.2% |
| Remuneration, social security and pensions | 62 | €27,574 | €28,461 | +€887 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,139 | €36,974 | +€7,835 | +26.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€499 | €432 | +€931 | |
| Other operating charges | 640/8 | €1,099 | €1,179 | +€80 | +7.3% |
| Non-recurring operating charges | 66A | - | €13,226 | +€13,226 | |
| Gross operating margin | 9900 | €62,968 | €137,097 | +€74,129 | +118% |
| Operating profit (loss) | 9901 | €5,655 | €56,825 | +€51,170 | +905% |
| Financial income | 75/76B | €246 | €129 | -€118 | -47.7% |
| Recurring financial income | 75 | €246 | €129 | -€118 | -47.7% |
| Financial charges | 65/66B | €20,236 | €21,892 | +€1,656 | +8.2% |
| Recurring financial charges | 65 | €20,236 | €21,892 | +€1,656 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,335 | €35,061 | +€49,397 | |
| Income taxes | 67/77 | €601 | €5,204 | +€4,603 | +766% |
| Profit (loss) for the period | 9904 | -€14,936 | €29,858 | +€44,794 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,936 | €29,858 | +€44,794 |
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 17 October 2026 via checked.be.