CUCULLARIM: 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.
CUCULLARIM
Largest movements
- Tangible fixed assets -€8,612
down €8,612 (-32.1%), from €26,839 to €18,227
of which Plant, machinery and equipment: -€5,663
- Stocks and contracts +€2,000
new in 2025: €2,000
- Receivables within one year +€1,333
up €1,333 (+6.2%), from €21,611 to €22,944
of which Trade receivables: +€5,828
- Cash -€561
down €561 (-13.1%), from €4,278 to €3,717
mainly Tax, wage and social debts (-€8,601) and Stocks and contracts (-€2,000)
- Tax, wage and social debts -€8,601
down €8,601 (-56.5%), from €15,211 to €6,611
of which Taxes: -€7,957
- Reserves +€1,761
up €1,761 (+8.7%), from €20,320 to €22,081
- Trade debts +€785
up €785 (+5.6%), from €13,947 to €14,731
- Staff costs -€18,929
down €18,929 (-35.8%), from €52,930 to €34,001
- Gross operating margin +€9,574
up €9,574 (+23.3%), from €41,175 to €50,749
- Financial charges -€3,884
down €3,884 (-88.9%), from €4,367 to €483
- Other operating charges +€2,443
up €2,443 (+79.6%), from €3,070 to €5,513
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 | €52,728 | €46,887 | -€5,841 | -11.1% |
| Fixed assets | 21/28 | €26,839 | €18,227 | -€8,612 | -32.1% |
| Tangible fixed assets | 22/27 | €26,839 | €18,227 | -€8,612 | -32.1% |
| Land and buildings | 22 | €1,388 | €789 | -€599 | -43.1% |
| Plant, machinery and equipment | 23 | €20,460 | €14,797 | -€5,663 | -27.7% |
| Furniture and vehicles | 24 | €4,991 | €2,640 | -€2,351 | -47.1% |
| Current assets | 29/58 | €25,889 | €28,661 | +€2,772 | +10.7% |
| Stocks and contracts in progress | 3 | - | €2,000 | +€2,000 | |
| Stocks | 30/36 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €21,611 | €22,944 | +€1,333 | +6.2% |
| Trade receivables | 40 | €6,892 | €12,720 | +€5,828 | +84.6% |
| Other amounts receivable | 41 | €14,719 | €10,224 | -€4,495 | -30.5% |
| Cash at bank and in hand | 54/58 | €4,278 | €3,717 | -€561 | -13.1% |
| Total equity and liabilities | 10/49 | €52,728 | €46,887 | -€5,841 | -11.1% |
| Equity | 10/15 | €23,320 | €25,081 | +€1,761 | +7.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €20,320 | €22,081 | +€1,761 | +8.7% |
| Distributable reserves | 133 | €20,320 | €22,081 | +€1,761 | +8.7% |
| Amounts payable | 17/49 | €29,408 | €21,806 | -€7,602 | -25.8% |
| Amounts payable within one year | 42/48 | €29,158 | €21,806 | -€7,352 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €13,947 | €14,731 | +€785 | +5.6% |
| Suppliers | 440/4 | €13,947 | €14,731 | +€785 | +5.6% |
| Advances received on contracts in progress | 46 | - | €464 | +€464 | |
| Taxes, remuneration and social security | 45 | €15,211 | €6,611 | -€8,601 | -56.5% |
| Taxes | 450/3 | €9,129 | €1,172 | -€7,957 | -87.2% |
| Remuneration and social security | 454/9 | €6,083 | €5,439 | -€644 | -10.6% |
| Accrued charges and deferred income | 492/3 | €250 | €0 | -€250 | -100.0% |
| Remuneration, social security and pensions | 62 | €52,930 | €34,001 | -€18,929 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,230 | €8,612 | +€382 | +4.6% |
| Other operating charges | 640/8 | €3,070 | €5,513 | +€2,443 | +79.6% |
| Gross operating margin | 9900 | €41,175 | €50,749 | +€9,574 | +23.3% |
| Operating profit (loss) | 9901 | -€23,055 | €2,622 | +€25,677 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,367 | €483 | -€3,884 | -88.9% |
| Recurring financial charges | 65 | €4,367 | €483 | -€3,884 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | -€27,422 | €2,139 | +€29,561 | |
| Income taxes | 67/77 | €0 | €378 | +€378 | |
| Profit (loss) for the period | 9904 | -€27,422 | €1,761 | +€29,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,422 | €1,761 | +€29,184 |
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 11 October 2026 via checked.be.