Culiplan: 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.
Culiplan
Largest movements
- Current investments -€31,172
down €31,172 (-50.0%), from €62,350 to €31,178
- Receivables within one year -€9,981
down €9,981 (-24.4%), from €40,882 to €30,901
of which Trade receivables: -€16,625
- Cash -€9,215
down €9,215 (-8.0%), from €115,098 to €105,883
mainly Debts after one year (-€100,867) and Investment in fixed assets (net) (-€38,373)
- Deferred charges and accrued income -€6,989
down €6,989 (-80.2%), from €8,717 to €1,729
- Tangible fixed assets -€5,260
down €5,260 (-2.6%), from €199,406 to €194,146
of which Other tangible fixed assets: -€19,846
- Debts after one year -€100,867
down €100,867 (-36.1%), from €279,495 to €178,628
- Advances received +€84,951
up €84,951 (+1359.1%), from €6,250 to €91,201
- Profit (loss) carried forward -€30,799
down €30,799, from €13,790 to -€17,009
- Tax, wage and social debts -€15,182
down €15,182 (-81.8%), from €18,562 to €3,380
of which Taxes: -€14,504
- Gross operating margin -€173,362
down €173,362 (-84.6%), from €204,858 to €31,496
- Financial income +€64,376
up €64,376 (+260.3%), from €24,728 to €89,104
- Staff costs +€56,594
up €56,594 (+162.1%), from €34,909 to €91,503
- Depreciation +€2,707
up €2,707 (+6.6%), from €40,926 to €43,633
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 | €447,639 | €381,146 | -€66,492 | -14.9% |
| Fixed assets | 21/28 | €205,356 | €200,095 | -€5,260 | -2.6% |
| Tangible fixed assets | 22/27 | €199,406 | €194,146 | -€5,260 | -2.6% |
| Plant, machinery and equipment | 23 | €26,658 | €51,906 | +€25,248 | +94.7% |
| Furniture and vehicles | 24 | €18,235 | €7,572 | -€10,663 | -58.5% |
| Other tangible fixed assets | 26 | €154,514 | €134,668 | -€19,846 | -12.8% |
| Financial fixed assets | 28 | €5,950 | €5,950 | = | 0.0% |
| Current assets | 29/58 | €242,283 | €181,051 | -€61,232 | -25.3% |
| Stocks and contracts in progress | 3 | €15,235 | €11,360 | -€3,875 | -25.4% |
| Stocks | 30/36 | €15,235 | €11,360 | -€3,875 | -25.4% |
| Amounts receivable within one year | 40/41 | €40,882 | €30,901 | -€9,981 | -24.4% |
| Trade receivables | 40 | €40,611 | €23,986 | -€16,625 | -40.9% |
| Other amounts receivable | 41 | €271 | €6,915 | +€6,644 | +2454.6% |
| Current investments | 50/53 | €62,350 | €31,178 | -€31,172 | -50.0% |
| Cash at bank and in hand | 54/58 | €115,098 | €105,883 | -€9,215 | -8.0% |
| Deferred charges and accrued income | 490/1 | €8,717 | €1,729 | -€6,989 | -80.2% |
| Total equity and liabilities | 10/49 | €447,639 | €381,146 | -€66,492 | -14.9% |
| Equity | 10/15 | €63,790 | €32,991 | -€30,799 | -48.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,790 | -€17,009 | -€30,799 | |
| Amounts payable | 17/49 | €383,849 | €348,156 | -€35,693 | -9.3% |
| Amounts payable after more than one year | 17 | €279,495 | €178,628 | -€100,867 | -36.1% |
| Financial debts | 170/4 | €279,495 | €178,628 | -€100,867 | -36.1% |
| Amounts payable within one year | 42/48 | €100,339 | €169,523 | +€69,184 | +68.9% |
| Current portion of amounts payable after more than one year | 42 | €49,375 | €50,867 | +€1,492 | +3.0% |
| Financial debts | 43 | €15 | €0 | -€15 | -100.0% |
| Credit institutions | 430/8 | €15 | €0 | -€15 | -100.0% |
| Trade debts | 44 | €26,015 | €23,877 | -€2,138 | -8.2% |
| Suppliers | 440/4 | €26,015 | €23,877 | -€2,138 | -8.2% |
| Advances received on contracts in progress | 46 | €6,250 | €91,201 | +€84,951 | +1359.1% |
| Taxes, remuneration and social security | 45 | €18,562 | €3,380 | -€15,182 | -81.8% |
| Taxes | 450/3 | €15,132 | €628 | -€14,504 | -95.9% |
| Remuneration and social security | 454/9 | €3,430 | €2,752 | -€677 | -19.8% |
| Other amounts payable | 47/48 | €123 | €198 | +€75 | +61.3% |
| Accrued charges and deferred income | 492/3 | €4,015 | €5 | -€4,010 | -99.9% |
| Non-recurring operating income | 76A | €6,801 | €16,785 | +€9,985 | +146.8% |
| Remuneration, social security and pensions | 62 | €34,909 | €91,503 | +€56,594 | +162.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,926 | €43,633 | +€2,707 | +6.6% |
| Other operating charges | 640/8 | €660 | €1,420 | +€760 | +115.3% |
| Gross operating margin | 9900 | €204,858 | €31,496 | -€173,362 | -84.6% |
| Operating profit (loss) | 9901 | €128,363 | -€105,059 | -€233,423 | |
| Financial income | 75/76B | €24,728 | €89,104 | +€64,376 | +260.3% |
| Recurring financial income | 75 | €24,728 | €89,104 | +€64,376 | +260.3% |
| Financial charges | 65/66B | €16,436 | €14,577 | -€1,859 | -11.3% |
| Recurring financial charges | 65 | €16,436 | €14,577 | -€1,859 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €136,656 | -€30,532 | -€167,188 | |
| Income taxes | 67/77 | €230 | €267 | +€37 | +15.8% |
| Profit (loss) for the period | 9904 | €136,425 | -€30,799 | -€167,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €136,425 | -€30,799 | -€167,224 |
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 30 September 2026 via checked.be.