CULIS: 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.
CULIS
Largest movements
- Cash +€692,494
up €692,494 (+415.6%), from €166,609 to €859,103
mainly Current investments (+€600,000) and Net result for the year (+€44,680)
- Current investments -€600,000
down €600,000 (-100.0%), from €600,000 to €0
- Tangible fixed assets -€41,249
down €41,249 (-8.8%), from €469,714 to €428,465
of which Land and buildings: -€26,027
- Receivables within one year +€17,678
up €17,678 (+201.5%), from €8,773 to €26,451
of which Trade receivables: +€13,663
- Reserves +€98,627
up €98,627 (+8.9%), from €1.1m to €1.2m
of which Distributable reserves: +€98,627
- Profit (loss) carried forward -€53,947
down €53,947 (-54.7%), from €98,627 to €44,680
- Trade debts +€25,377
up €25,377 (+2844.1%), from €892 to €26,270
- Financial income +€71,106
up €71,106 (+578.4%), from €12,293 to €83,399
of which Non-recurring financial income: +€69,619
- Gross operating margin -€17,838
down €17,838 (-51.1%), from €34,878 to €17,040
- Taxes +€11,486
up €11,486 (+2110.6%), from €544 to €12,030
- Depreciation -€1,058
down €1,058 (-2.5%), from €41,925 to €40,868
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 | €1,248,904 | €1,325,082 | +€76,178 | +6.1% |
| Fixed assets | 21/28 | €470,114 | €428,865 | -€41,249 | -8.8% |
| Tangible fixed assets | 22/27 | €469,714 | €428,465 | -€41,249 | -8.8% |
| Land and buildings | 22 | €419,960 | €393,933 | -€26,027 | -6.2% |
| Plant, machinery and equipment | 23 | €2,006 | €920 | -€1,085 | -54.1% |
| Furniture and vehicles | 24 | €47,748 | €33,612 | -€14,137 | -29.6% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €778,791 | €896,217 | +€117,427 | +15.1% |
| Amounts receivable within one year | 40/41 | €8,773 | €26,451 | +€17,678 | +201.5% |
| Trade receivables | 40 | - | €13,663 | +€13,663 | |
| Other amounts receivable | 41 | €8,773 | €12,789 | +€4,015 | +45.8% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €166,609 | €859,103 | +€692,494 | +415.6% |
| Deferred charges and accrued income | 490/1 | €3,408 | €10,663 | +€7,255 | +212.9% |
| Total equity and liabilities | 10/49 | €1,248,904 | €1,325,082 | +€76,178 | +6.1% |
| Equity | 10/15 | €1,229,373 | €1,274,053 | +€44,680 | +3.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,110,746 | €1,209,373 | +€98,627 | +8.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,110,746 | €1,110,746 | = | 0.0% |
| Distributable reserves | 133 | - | €98,627 | +€98,627 | |
| Profit (loss) carried forward | 14 | €98,627 | €44,680 | -€53,947 | -54.7% |
| Amounts payable | 17/49 | €19,532 | €51,029 | +€31,498 | +161.3% |
| Amounts payable after more than one year | 17 | €5,406 | €0 | -€5,406 | -100.0% |
| Financial debts | 170/4 | €5,406 | €0 | -€5,406 | -100.0% |
| Amounts payable within one year | 42/48 | €12,592 | €50,558 | +€37,966 | +301.5% |
| Current portion of amounts payable after more than one year | 42 | €6,385 | €7,012 | +€627 | +9.8% |
| Trade debts | 44 | €892 | €26,270 | +€25,377 | +2844.1% |
| Suppliers | 440/4 | €892 | €26,270 | +€25,377 | +2844.1% |
| Taxes, remuneration and social security | 45 | €5,315 | €17,276 | +€11,961 | +225.1% |
| Taxes | 450/3 | €2,334 | €8,284 | +€5,950 | +254.9% |
| Remuneration and social security | 454/9 | €2,981 | €8,992 | +€6,011 | +201.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,534 | €471 | -€1,063 | -69.3% |
| Non-recurring operating income | 76A | €3,341 | €2,371 | -€970 | -29.0% |
| Remuneration, social security and pensions | 62 | €75 | €0 | -€75 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,925 | €40,868 | -€1,058 | -2.5% |
| Other operating charges | 640/8 | €2,633 | €2,705 | +€72 | +2.7% |
| Gross operating margin | 9900 | €34,878 | €17,040 | -€17,838 | -51.1% |
| Operating profit (loss) | 9901 | -€9,755 | -€26,533 | -€16,777 | -172.0% |
| Financial income | 75/76B | €12,293 | €83,399 | +€71,106 | +578.4% |
| Recurring financial income | 75 | €12,293 | €13,780 | +€1,487 | +12.1% |
| Non-recurring financial income | 76B | - | €69,619 | +€69,619 | |
| Financial charges | 65/66B | €381 | €156 | -€225 | -59.1% |
| Recurring financial charges | 65 | €381 | €156 | -€225 | -59.1% |
| Profit (loss) for the period before taxes | 9903 | €2,156 | €56,710 | +€54,554 | +2529.9% |
| Income taxes | 67/77 | €544 | €12,030 | +€11,486 | +2110.6% |
| Profit (loss) for the period | 9904 | €1,612 | €44,680 | +€43,068 | +2671.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,612 | €44,680 | +€43,068 | +2671.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.