Culivair: 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.
Culivair
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Tangible fixed assets -€29,375
down €29,375 (-10.5%), from €280,836 to €251,460
of which Furniture and vehicles: -€19,101
- Cash -€24,359
down €24,359 (-11.2%), from €217,229 to €192,870
mainly Current investments (-€250,000) and Investment in fixed assets (net) (-€21,870)
- Reserves +€204,000
up €204,000 (+33.9%), from €600,935 to €804,935
of which Distributable reserves: +€204,000
- Debts after one year -€17,843
down €17,843 (-36.6%), from €48,693 to €30,850
- Gross operating margin +€39,001
up €39,001 (+7.9%), from €496,285 to €535,286
- Staff costs +€37,063
up €37,063 (+24.8%), from €149,238 to €186,300
- Taxes +€10,798
up €10,798 (+13.4%), from €80,476 to €91,274
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 | €824,654 | €1,025,919 | +€201,265 | +24.4% |
| Fixed assets | 21/28 | €280,836 | €251,460 | -€29,375 | -10.5% |
| Tangible fixed assets | 22/27 | €280,836 | €251,460 | -€29,375 | -10.5% |
| Land and buildings | 22 | €137,870 | €136,331 | -€1,539 | -1.1% |
| Plant, machinery and equipment | 23 | €78,333 | €69,598 | -€8,735 | -11.2% |
| Furniture and vehicles | 24 | €64,633 | €45,531 | -€19,101 | -29.6% |
| Current assets | 29/58 | €543,819 | €774,459 | +€230,640 | +42.4% |
| Stocks and contracts in progress | 3 | €207,290 | €207,435 | +€145 | +0.1% |
| Stocks | 30/36 | €207,290 | €207,435 | +€145 | +0.1% |
| Amounts receivable within one year | 40/41 | €113,932 | €117,383 | +€3,451 | +3.0% |
| Trade receivables | 40 | €92,985 | €105,601 | +€12,616 | +13.6% |
| Other amounts receivable | 41 | €20,948 | €11,782 | -€9,165 | -43.8% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €217,229 | €192,870 | -€24,359 | -11.2% |
| Deferred charges and accrued income | 490/1 | €5,367 | €6,771 | +€1,404 | +26.2% |
| Total equity and liabilities | 10/49 | €824,654 | €1,025,919 | +€201,265 | +24.4% |
| Equity | 10/15 | €681,349 | €885,349 | +€204,000 | +29.9% |
| Contributions | 10/11 | €80,414 | €80,414 | = | 0.0% |
| Reserves | 13 | €600,935 | €804,935 | +€204,000 | +33.9% |
| Tax-exempt reserves | 132 | €109,460 | €109,460 | = | 0.0% |
| Distributable reserves | 133 | €491,475 | €695,475 | +€204,000 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €143,305 | €140,571 | -€2,735 | -1.9% |
| Amounts payable after more than one year | 17 | €48,693 | €30,850 | -€17,843 | -36.6% |
| Financial debts | 170/4 | €48,693 | €30,850 | -€17,843 | -36.6% |
| Amounts payable within one year | 42/48 | €94,612 | €109,720 | +€15,108 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €27,850 | €17,843 | -€10,008 | -35.9% |
| Financial debts | 43 | €4,244 | €4,244 | = | 0.0% |
| Credit institutions | 430/8 | €4,244 | €4,244 | = | 0.0% |
| Trade debts | 44 | €23,454 | €32,036 | +€8,582 | +36.6% |
| Suppliers | 440/4 | €23,454 | €32,036 | +€8,582 | +36.6% |
| Taxes, remuneration and social security | 45 | €23,124 | €31,756 | +€8,632 | +37.3% |
| Taxes | 450/3 | €10,550 | €16,826 | +€6,275 | +59.5% |
| Remuneration and social security | 454/9 | €12,574 | €14,931 | +€2,357 | +18.7% |
| Other amounts payable | 47/48 | €15,940 | €23,842 | +€7,902 | +49.6% |
| Non-recurring operating income | 76A | €1,653 | €0 | -€1,653 | -100% |
| Remuneration, social security and pensions | 62 | €149,238 | €186,300 | +€37,063 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,399 | €51,245 | +€4,846 | +10.4% |
| Other operating charges | 640/8 | €3,885 | €3,555 | -€330 | -8.5% |
| Gross operating margin | 9900 | €496,285 | €535,286 | +€39,001 | +7.9% |
| Operating profit (loss) | 9901 | €296,763 | €294,185 | -€2,578 | -0.9% |
| Financial income | 75/76B | €3,170 | €4,045 | +€875 | +27.6% |
| Recurring financial income | 75 | €3,170 | €4,045 | +€875 | +27.6% |
| Financial charges | 65/66B | €4,493 | €2,957 | -€1,536 | -34.2% |
| Recurring financial charges | 65 | €4,493 | €2,957 | -€1,536 | -34.2% |
| Profit (loss) for the period before taxes | 9903 | €295,440 | €295,274 | -€166 | -0.1% |
| Income taxes | 67/77 | €80,476 | €91,274 | +€10,798 | +13.4% |
| Profit (loss) for the period | 9904 | €214,964 | €204,000 | -€10,965 | -5.1% |
| Transfer to tax-exempt reserves | 689 | €109,460 | €0 | -€109,460 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €105,504 | €204,000 | +€98,495 | +93.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.