CULA BULA: 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 BULA
Largest movements
- Receivables within one year +€10,019
up €10,019 (+19.3%), from €51,855 to €61,874
of which Trade receivables: +€5,603
- Deferred charges and accrued income -€8,768
down €8,768 (-100.0%), from €8,768 to €0
- Intangible fixed assets +€2,998
new in 2025: €2,998
- Tangible fixed assets -€788
down €788 (-12.2%), from €6,449 to €5,662
of which Other tangible fixed assets: -€440
- Reserves +€18,596
up €18,596 (+56.5%), from €32,902 to €51,497
of which Distributable reserves: +€18,596
- Trade debts -€14,960
down €14,960 (-95.3%), from €15,699 to €739
- Gross operating margin +€33,779
up €33,779, from -€14,927 to €18,852
- Other operating charges -€1,479
down €1,479 (-73.9%), from €2,002 to €523
- Financial income -€278
down €278 (-8.6%), from €3,242 to €2,964
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 | €67,150 | €70,786 | +€3,636 | +5.4% |
| Fixed assets | 21/28 | €6,449 | €8,659 | +€2,210 | +34.3% |
| Intangible fixed assets | 21 | - | €2,998 | +€2,998 | |
| Tangible fixed assets | 22/27 | €6,449 | €5,662 | -€788 | -12.2% |
| Furniture and vehicles | 24 | €2,093 | €1,746 | -€347 | -16.6% |
| Other tangible fixed assets | 26 | €4,356 | €3,916 | -€440 | -10.1% |
| Current assets | 29/58 | €60,701 | €62,127 | +€1,426 | +2.3% |
| Amounts receivable within one year | 40/41 | €51,855 | €61,874 | +€10,019 | +19.3% |
| Trade receivables | 40 | €1,822 | €7,425 | +€5,603 | +307.5% |
| Other amounts receivable | 41 | €50,033 | €54,449 | +€4,416 | +8.8% |
| Cash at bank and in hand | 54/58 | €78 | €253 | +€175 | +225.9% |
| Deferred charges and accrued income | 490/1 | €8,768 | €0 | -€8,768 | -100.0% |
| Total equity and liabilities | 10/49 | €67,150 | €70,786 | +€3,636 | +5.4% |
| Equity | 10/15 | €51,452 | €70,047 | +€18,596 | +36.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €32,902 | €51,497 | +€18,596 | +56.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €31,047 | €49,642 | +€18,596 | +59.9% |
| Amounts payable | 17/49 | €15,699 | €739 | -€14,960 | -95.3% |
| Amounts payable within one year | 42/48 | €15,699 | €739 | -€14,960 | -95.3% |
| Trade debts | 44 | €15,699 | €739 | -€14,960 | -95.3% |
| Suppliers | 440/4 | €15,699 | €739 | -€14,960 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,615 | €2,642 | +€27 | +1.0% |
| Other operating charges | 640/8 | €2,002 | €523 | -€1,479 | -73.9% |
| Gross operating margin | 9900 | -€14,927 | €18,852 | +€33,779 | |
| Operating profit (loss) | 9901 | -€19,543 | €15,687 | +€35,231 | |
| Financial income | 75/76B | €3,242 | €2,964 | -€278 | -8.6% |
| Recurring financial income | 75 | €3,242 | €2,964 | -€278 | -8.6% |
| Financial charges | 65/66B | €154 | €56 | -€98 | -63.7% |
| Recurring financial charges | 65 | €154 | €56 | -€98 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,455 | €18,596 | +€35,051 | |
| Profit (loss) for the period | 9904 | -€16,455 | €18,596 | +€35,051 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,455 | €18,596 | +€35,051 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.