CULA: 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.
CULA
Largest movements
- Receivables within one year -€22,866
down €22,866 (-16.8%), from €136,285 to €113,419
of which Other amounts receivable: -€31,123
- Cash +€21,427
up €21,427 (+515.0%), from €4,161 to €25,587
mainly Receivables within one year (+€22,866) and Net result for the year (+€3,981)
- Tangible fixed assets +€1,845
up €1,845 (+19.5%), from €9,459 to €11,304
- Debts after one year -€5,052
down €5,052 (-38.3%), from €13,180 to €8,127
- Profit (loss) carried forward +€3,981
up €3,981 (+45.4%), from €8,770 to €12,751
- Gross operating margin +€4,193
up €4,193 (+67.8%), from €6,182 to €10,375
- Depreciation +€1,300
up €1,300 (+70.1%), from €1,855 to €3,155
- Financial charges +€864
up €864 (+64.1%), from €1,348 to €2,213
- Taxes +€644
up €644 (+66.5%), from €968 to €1,612
- Financial income +€426
up €426 (+43.8%), from €972 to €1,398
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.
Cash bridge derived
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 | €151,193 | €150,310 | -€884 | -0.6% |
| Fixed assets | 21/28 | €9,459 | €11,304 | +€1,845 | +19.5% |
| Tangible fixed assets | 22/27 | €9,459 | €11,304 | +€1,845 | +19.5% |
| Furniture and vehicles | 24 | €9,459 | €11,304 | +€1,845 | +19.5% |
| Current assets | 29/58 | €141,735 | €139,006 | -€2,728 | -1.9% |
| Amounts receivable within one year | 40/41 | €136,285 | €113,419 | -€22,866 | -16.8% |
| Trade receivables | 40 | €90,823 | €99,080 | +€8,257 | +9.1% |
| Other amounts receivable | 41 | €45,462 | €14,339 | -€31,123 | -68.5% |
| Cash at bank and in hand | 54/58 | €4,161 | €25,587 | +€21,427 | +515.0% |
| Deferred charges and accrued income | 490/1 | €1,289 | - | -€1,289 | |
| Total equity and liabilities | 10/49 | €151,193 | €150,310 | -€884 | -0.6% |
| Equity | 10/15 | €18,770 | €22,751 | +€3,981 | +21.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,770 | €12,751 | +€3,981 | +45.4% |
| Amounts payable | 17/49 | €132,424 | €127,559 | -€4,865 | -3.7% |
| Amounts payable after more than one year | 17 | €13,180 | €8,127 | -€5,052 | -38.3% |
| Financial debts | 170/4 | €13,180 | €8,127 | -€5,052 | -38.3% |
| Amounts payable within one year | 42/48 | €119,244 | €119,432 | +€187 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €4,778 | €5,052 | +€274 | +5.7% |
| Trade debts | 44 | €110,736 | €111,787 | +€1,051 | +0.9% |
| Suppliers | 440/4 | €110,736 | €111,787 | +€1,051 | +0.9% |
| Taxes, remuneration and social security | 45 | €3,731 | €2,593 | -€1,138 | -30.5% |
| Taxes | 450/3 | €2,761 | €2,593 | -€168 | -6.1% |
| Remuneration and social security | 454/9 | €970 | - | -€970 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,855 | €3,155 | +€1,300 | +70.1% |
| Other operating charges | 640/8 | €760 | €812 | +€52 | +6.9% |
| Gross operating margin | 9900 | €6,182 | €10,375 | +€4,193 | +67.8% |
| Operating profit (loss) | 9901 | €3,567 | €6,408 | +€2,841 | +79.6% |
| Financial income | 75/76B | €972 | €1,398 | +€426 | +43.8% |
| Recurring financial income | 75 | €972 | €1,398 | +€426 | +43.8% |
| Financial charges | 65/66B | €1,348 | €2,213 | +€864 | +64.1% |
| Recurring financial charges | 65 | €1,348 | €2,213 | +€864 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €3,191 | €5,593 | +€2,402 | +75.3% |
| Income taxes | 67/77 | €968 | €1,612 | +€644 | +66.5% |
| Profit (loss) for the period | 9904 | €2,223 | €3,981 | +€1,759 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,223 | €3,981 | +€1,759 | +79.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.