CULIMARY: 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.
CULIMARY
Largest movements
- Cash +€39,766
up €39,766 (+140%), from €28,433 to €68,200
mainly Deferred charges and accrued income (+€31,817) and Depreciation (+€18,673)
- Deferred charges and accrued income -€31,817
down €31,817 (-94.9%), from €33,525 to €1,708
- Receivables within one year +€14,020
up €14,020 (+12.9%), from €108,318 to €122,339
of which Other amounts receivable: +€14,020
- Tangible fixed assets -€10,563
down €10,563 (-22.2%), from €47,514 to €36,951
of which Plant, machinery and equipment: -€13,271
- Reserves +€12,250
up €12,250 (+12.3%), from €100,000 to €112,250
- Tax, wage and social debts -€5,368
down €5,368 (-10.2%), from €52,409 to €47,041
of which Taxes: -€12,614
- Trade debts +€5,262
up €5,262 (+9.3%), from €56,648 to €61,910
- Gross operating margin -€43,478
down €43,478 (-15.7%), from €276,429 to €232,951
- Other operating charges -€32,191
down €32,191 (-88.0%), from €36,592 to €4,400
- Staff costs +€10,928
up €10,928 (+6.0%), from €182,902 to €193,830
- Taxes -€3,834
down €3,834 (-40.9%), from €9,377 to €5,543
- Depreciation +€3,137
up €3,137 (+20.2%), from €15,536 to €18,673
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 | €224,479 | €236,495 | +€12,016 | +5.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €47,514 | €36,951 | -€10,563 | -22.2% |
| Tangible fixed assets | 22/27 | €47,514 | €36,951 | -€10,563 | -22.2% |
| Plant, machinery and equipment | 23 | €44,943 | €31,672 | -€13,271 | -29.5% |
| Furniture and vehicles | 24 | €1,489 | €5,127 | +€3,638 | +244% |
| Other tangible fixed assets | 26 | €1,082 | €153 | -€929 | -85.9% |
| Current assets | 29/58 | €176,966 | €199,544 | +€22,579 | +12.8% |
| Stocks and contracts in progress | 3 | €6,689 | €7,298 | +€609 | +9.1% |
| Stocks | 30/36 | €6,689 | €7,298 | +€609 | +9.1% |
| Amounts receivable within one year | 40/41 | €108,318 | €122,339 | +€14,020 | +12.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €108,318 | €122,339 | +€14,020 | +12.9% |
| Cash at bank and in hand | 54/58 | €28,433 | €68,200 | +€39,766 | +140% |
| Deferred charges and accrued income | 490/1 | €33,525 | €1,708 | -€31,817 | -94.9% |
| Total equity and liabilities | 10/49 | €224,479 | €236,495 | +€12,016 | +5.4% |
| Equity | 10/15 | €115,422 | €127,261 | +€11,839 | +10.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €112,250 | +€12,250 | +12.3% |
| Distributable reserves | 133 | €100,000 | €112,250 | +€12,250 | +12.3% |
| Profit (loss) carried forward | 14 | €422 | €11 | -€411 | -97.3% |
| Amounts payable | 17/49 | €109,057 | €109,234 | +€177 | +0.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €109,057 | €108,951 | -€106 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €56,648 | €61,910 | +€5,262 | +9.3% |
| Suppliers | 440/4 | €56,648 | €61,910 | +€5,262 | +9.3% |
| Taxes, remuneration and social security | 45 | €52,409 | €47,041 | -€5,368 | -10.2% |
| Taxes | 450/3 | €50,838 | €38,225 | -€12,614 | -24.8% |
| Remuneration and social security | 454/9 | €1,571 | €8,816 | +€7,245 | +461% |
| Accrued charges and deferred income | 492/3 | €0 | €283 | +€283 | |
| Remuneration, social security and pensions | 62 | €182,902 | €193,830 | +€10,928 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,536 | €18,673 | +€3,137 | +20.2% |
| Other operating charges | 640/8 | €36,592 | €4,400 | -€32,191 | -88.0% |
| Gross operating margin | 9900 | €276,429 | €232,951 | -€43,478 | -15.7% |
| Operating profit (loss) | 9901 | €41,399 | €16,048 | -€25,351 | -61.2% |
| Financial income | 75/76B | €5,509 | €6,208 | +€699 | +12.7% |
| Recurring financial income | 75 | €5,509 | €6,208 | +€699 | +12.7% |
| Financial charges | 65/66B | €5,332 | €4,874 | -€459 | -8.6% |
| Recurring financial charges | 65 | €5,332 | €4,874 | -€459 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €41,576 | €17,382 | -€24,194 | -58.2% |
| Income taxes | 67/77 | €9,377 | €5,543 | -€3,834 | -40.9% |
| Profit (loss) for the period | 9904 | €32,199 | €11,839 | -€20,360 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,199 | €11,839 | -€20,360 | -63.2% |
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 13 October 2026 via checked.be.