Brian Cullen: 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.
Brian Cullen
Largest movements
- Cash -€45,815
down €45,815 (-18.5%), from €247,304 to €201,490
mainly Tax, wage and social debts (-€37,019) and Trade debts (-€9,527)
- Tax, wage and social debts -€37,019
no longer reported in 2024 (was €37,019)
- Trade debts -€9,527
down €9,527 (-94.0%), from €10,139 to €613
- Gross operating margin -€5,829
down €5,829, from €5,217 to -€613
- Financial income +€1,056
new in 2024: €1,056
- Other operating charges +€140
up €140 (+36.4%), from €384 to €524
- Financial charges +€114
up €114 (+80.0%), from €143 to €257
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €259,607 | €212,730 | -€46,877 | -18.1% |
| Fixed assets | 21/28 | €1,200 | €1,200 | = | 0.0% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €258,407 | €211,530 | -€46,877 | -18.1% |
| Amounts receivable after more than one year | 29 | €9,225 | €9,225 | = | 0.0% |
| Other amounts receivable | 291 | €9,225 | €9,225 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,878 | €816 | -€1,062 | -56.6% |
| Trade receivables | 40 | - | €741 | +€741 | |
| Other amounts receivable | 41 | €1,878 | €75 | -€1,803 | -96.0% |
| Cash at bank and in hand | 54/58 | €247,304 | €201,490 | -€45,815 | -18.5% |
| Total equity and liabilities | 10/49 | €259,607 | €212,730 | -€46,877 | -18.1% |
| Equity | 10/15 | €212,060 | €211,723 | -€338 | -0.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €210,060 | €209,723 | -€338 | -0.2% |
| Distributable reserves | 133 | €210,060 | €209,723 | -€338 | -0.2% |
| Amounts payable | 17/49 | €47,547 | €1,008 | -€46,539 | -97.9% |
| Amounts payable within one year | 42/48 | €47,158 | €613 | -€46,546 | -98.7% |
| Trade debts | 44 | €10,139 | €613 | -€9,527 | -94.0% |
| Suppliers | 440/4 | €10,139 | €613 | -€9,527 | -94.0% |
| Taxes, remuneration and social security | 45 | €37,019 | - | -€37,019 | |
| Taxes | 450/3 | €37,019 | - | -€37,019 | |
| Accrued charges and deferred income | 492/3 | €389 | €395 | +€6 | +1.6% |
| Other operating charges | 640/8 | €384 | €524 | +€140 | +36.4% |
| Gross operating margin | 9900 | €5,217 | -€613 | -€5,829 | |
| Operating profit (loss) | 9901 | €4,832 | -€1,137 | -€5,969 | |
| Financial income | 75/76B | - | €1,056 | +€1,056 | |
| Recurring financial income | 75 | - | €1,056 | +€1,056 | |
| Financial charges | 65/66B | €143 | €257 | +€114 | +80.0% |
| Recurring financial charges | 65 | €143 | €257 | +€114 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | €4,689 | -€338 | -€5,027 | |
| Profit (loss) for the period | 9904 | €4,689 | -€338 | -€5,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,689 | -€338 | -€5,027 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.