CULINOR: what changed
What changed
CULINOR
NACE 10.890, Manufacture of food products
filed annual accounts (NBB)
Net result for the year
€3.1m
2024 · €3.4m-€318,042
Equity
€11.3m
2024 · €11.3m-€2,478
Cash
€1,003
2024 · €54,218-€53,215
Balance sheet total
€31.6m
2024 · €29.8m+€1.8m
Largest movements
Assets
- Intangible fixed assets +€820,970
up €820,970 (+287%), from €285,780 to €1.1m
- Receivables within one year +€711,005
up €711,005 (+3.8%), from €18.7m to €19.4m
of which Other amounts receivable: +€550,069
- Tangible fixed assets +€340,389
up €340,389 (+5.1%), from €6.6m to €7.0m
of which Other tangible fixed assets: +€1.3m
Equity and liabilities
- Trade debts +€3.5m
up €3.5m (+32.5%), from €10.9m to €14.4m
- Provisions -€985,374
down €985,374 (-98.9%), from €996,662 to €11,288
of which Provisions for liabilities and charges: -€984,626
- Other debts -€479,301
down €479,301 (-13.1%), from €3.7m to €3.2m
Income statement
- Provisions -€1.9m
down €1.9m, from €924,854 to -€984,626
- Turnover -€1.3m
down €1.3m (-1.6%), from €78.2m to €76.9m
- Taxes -€1.1m
down €1.1m (-98.5%), from €1.1m to €17,782
of which Taxes: -€1.1m
- Services and other goods +€995,492
up €995,492 (+6.6%), from €15.2m to €16.2m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3.4m
Turnover
-€1.3m
Other operating income
+€145,375
Goods and materials
-€581,850
Services and other goods
-€995,492
Staff costs
-€672,423
Depreciation
-€345,431
Write-downs
-€172,529
Provisions
+€1.9m
Other operating charges
+€111,983
Other operating items
+€426,480
Financial income
-€10,155
Financial charges
-€3,085
Taxes
+€1.1m
Deferred taxes and other
-€251
Result 2025
€3.1m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7.1m
Investment
-€4.0m
Financing
-€3.1m
Cash 2024
€54,218
From operations (derived)
+€7.1m
Net result for the year
+€3.1m
Depreciation
+€2.8m
Stocks and contracts
+€72,867
Receivables within one year
-€711,005
Deferred charges and accrued income
-€69
Provisions
-€985,374
Trade debts
+€3.5m
Tax, wage and social debts
-€175,678
Other debts
-€479,301
Accrued charges and deferred income
-€57,918
Investment (derived)
-€4.0m
Investment in fixed assets (net)
-€4.0m
Financing
-€3.1m
Contributions, distributions and other
-€3.1m
Cash 2025
€1,003
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,752,702 | €31,598,053 | +€1.8m | +6.2% |
| Fixed assets | 21/28 | €7,452,032 | €8,712,391 | +€1.3m | +16.9% |
| Intangible fixed assets | 21 | €285,780 | €1,106,751 | +€820,970 | +287% |
| Tangible fixed assets | 22/27 | €6,634,735 | €6,975,124 | +€340,389 | +5.1% |
| Land and buildings | 22 | €1,542,056 | €1,444,241 | -€97,815 | -6.3% |
| Plant, machinery and equipment | 23 | €2,493,921 | €3,735,747 | +€1.2m | +49.8% |
| Furniture and vehicles | 24 | €295,235 | €241,462 | -€53,773 | -18.2% |
| Other tangible fixed assets | 26 | €234,510 | €1,553,674 | +€1.3m | +563% |
| Assets under construction and advance payments | 27 | €2,069,013 | €0 | -€2.1m | -100.0% |
| Financial fixed assets | 28 | €531,516 | €630,516 | +€99,000 | +18.6% |
| Affiliated companies | 280/1 | €314,836 | €314,836 | = | 0.0% |
| Participating interests | 280 | €314,836 | €314,836 | = | 0.0% |
| Other financial fixed assets | 284/8 | €216,680 | €315,680 | +€99,000 | +45.7% |
| Amounts receivable and cash guarantees | 285/8 | €216,680 | €315,680 | +€99,000 | +45.7% |
| Current assets | 29/58 | €22,300,670 | €22,885,661 | +€584,992 | +2.6% |
| Stocks and contracts in progress | 3 | €3,539,510 | €3,466,643 | -€72,867 | -2.1% |
| Stocks | 30/36 | €3,539,510 | €3,466,643 | -€72,867 | -2.1% |
| Raw materials and consumables | 30/31 | €2,453,132 | €2,369,566 | -€83,566 | -3.4% |
| Work in progress | 32 | €886,477 | €859,277 | -€27,200 | -3.1% |
| Finished goods | 33 | €199,901 | €237,800 | +€37,899 | +19.0% |
| Amounts receivable within one year | 40/41 | €18,677,073 | €19,388,077 | +€711,005 | +3.8% |
| Trade receivables | 40 | €9,976,871 | €10,137,806 | +€160,935 | +1.6% |
| Other amounts receivable | 41 | €8,700,202 | €9,250,271 | +€550,069 | +6.3% |
| Cash at bank and in hand | 54/58 | €54,218 | €1,003 | -€53,215 | -98.1% |
| Deferred charges and accrued income | 490/1 | €29,869 | €29,938 | +€69 | +0.2% |
| Total equity and liabilities | 10/49 | €29,752,702 | €31,598,053 | +€1.8m | +6.2% |
| Equity | 10/15 | €11,273,408 | €11,270,930 | -€2,478 | 0.0% |
| Contributions | 10/11 | €2,390,000 | €2,390,000 | = | 0.0% |
| Capital | 10 | €2,390,000 | €2,390,000 | = | 0.0% |
| Issued capital | 100 | €2,390,000 | €2,390,000 | = | 0.0% |
| Reserves | 13 | €8,883,408 | €8,880,930 | -€2,478 | 0.0% |
| Non-distributable reserves | 130/1 | €239,000 | €239,000 | = | 0.0% |
| Legal reserve | 130 | €239,000 | €239,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,549,116 | €8,547,662 | -€1,454 | 0.0% |
| Distributable reserves | 133 | €95,292 | €94,268 | -€1,025 | -1.1% |
| Provisions and deferred taxes | 16 | €996,662 | €11,288 | -€985,374 | -98.9% |
| Provisions for liabilities and charges | 160/5 | €994,751 | €10,125 | -€984,626 | -99.0% |
| Pensions and similar obligations | 160 | €27,367 | €10,125 | -€17,242 | -63.0% |
| Other liabilities and charges | 164/5 | €967,384 | €0 | -€967,384 | -100% |
| Deferred taxes | 168 | €1,911 | €1,162 | -€749 | -39.2% |
| Amounts payable | 17/49 | €17,482,632 | €20,315,835 | +€2.8m | +16.2% |
| Amounts payable within one year | 42/48 | €17,041,756 | €19,932,877 | +€2.9m | +17.0% |
| Trade debts | 44 | €10,899,412 | €14,445,511 | +€3.5m | +32.5% |
| Suppliers | 440/4 | €10,899,412 | €14,445,511 | +€3.5m | +32.5% |
| Taxes, remuneration and social security | 45 | €2,482,922 | €2,307,244 | -€175,678 | -7.1% |
| Taxes | 450/3 | €376,620 | €21,134 | -€355,486 | -94.4% |
| Remuneration and social security | 454/9 | €2,106,301 | €2,286,110 | +€179,808 | +8.5% |
| Other amounts payable | 47/48 | €3,659,422 | €3,180,122 | -€479,301 | -13.1% |
| Accrued charges and deferred income | 492/3 | €440,876 | €382,958 | -€57,918 | -13.1% |
| Operating income | 70/76A | €80,058,845 | €79,369,323 | -€689,521 | -0.9% |
| Turnover | 70 | €78,180,726 | €76,919,350 | -€1.3m | -1.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€199,704 | €10,699 | +€210,403 | |
| Own construction capitalised | 72 | €244,127 | €460,204 | +€216,077 | +88.5% |
| Other operating income | 74 | €1,833,695 | €1,979,070 | +€145,375 | +7.9% |
| Operating charges | 60/66A | €75,474,880 | €76,221,143 | +€746,262 | +1.0% |
| Goods for resale, raw materials and consumables | 60 | €40,835,744 | €41,417,594 | +€581,850 | +1.4% |
| Purchases | 600/8 | €41,133,269 | €41,379,493 | +€246,224 | +0.6% |
| Change in stocks: decrease (increase) | 609 | -€297,525 | €38,101 | +€335,626 | |
| Services and other goods | 61 | €15,176,617 | €16,172,109 | +€995,492 | +6.6% |
| Remuneration, social security and pensions | 62 | €15,971,516 | €16,643,940 | +€672,423 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,416,780 | €2,762,211 | +€345,431 | +14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€124,212 | €48,317 | +€172,529 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €924,854 | -€984,626 | -€1.9m | |
| Other operating charges | 640/8 | €273,581 | €161,597 | -€111,983 | -40.9% |
| Operating profit (loss) | 9901 | €4,583,964 | €3,148,180 | -€1.4m | -31.3% |
| Financial income | 75/76B | €37,664 | €27,509 | -€10,155 | -27.0% |
| Recurring financial income | 75 | €37,664 | €27,509 | -€10,155 | -27.0% |
| Income from current assets | 751 | €36,695 | €26,770 | -€9,925 | -27.0% |
| Other financial income | 752/9 | €969 | €739 | -€230 | -23.7% |
| Financial charges | 65/66B | €58,049 | €61,134 | +€3,085 | +5.3% |
| Recurring financial charges | 65 | €58,049 | €61,134 | +€3,085 | +5.3% |
| Debt charges | 650 | €50,386 | €57,162 | +€6,776 | +13.4% |
| Other financial charges | 652/9 | €7,663 | €3,972 | -€3,691 | -48.2% |
| Profit (loss) for the period before taxes | 9903 | €4,563,579 | €3,114,555 | -€1.4m | -31.8% |
| Transfer from deferred taxes | 780 | €1,000 | €749 | -€251 | -25.1% |
| Income taxes | 67/77 | €1,149,016 | €17,782 | -€1.1m | -98.5% |
| Taxes | 670/3 | €1,153,213 | €20,173 | -€1.1m | -98.3% |
| Tax adjustments and reversals of tax provisions | 77 | €4,197 | €2,391 | -€1,806 | -43.0% |
| Profit (loss) for the period | 9904 | €3,415,563 | €3,097,522 | -€318,042 | -9.3% |
| Transfer from tax-exempt reserves | 789 | €1,942 | €1,454 | -€488 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,417,505 | €3,098,975 | -€318,529 | -9.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.