CULLEN CLEANING SERVICES: 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.
CULLEN CLEANING SERVICES
Largest movements
- Cash +€197,491
up €197,491 (+216%), from €91,333 to €288,825
mainly Receivables within one year (+€147,531) and Debts (+€40,811)
- Receivables within one year -€147,531
down €147,531 (-48.9%), from €301,427 to €153,896
- Tangible fixed assets +€10,391
up €10,391 (+285%), from €3,643 to €14,033
of which Furniture and vehicles: +€13,574
- Debts +€40,811
up €40,811 (+14.1%), from €289,322 to €330,133
of which Debts within one year: +€44,039
- Equity +€19,540
up €19,540 (+18.2%), from €107,081 to €126,621
of which Profit (loss) carried forward: +€19,540
- Staff costs +€1.1m
new in 2021: €1.1m
- Gross operating margin +€169,030
up €169,030 (+18.3%), from €923,977 to €1.1m
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,403 | €456,754 | +€60,351 | +15.2% |
| Fixed assets | 21/28 | €3,643 | €14,033 | +€10,391 | +285% |
| Tangible fixed assets | 22/27 | €3,643 | €14,033 | +€10,391 | +285% |
| Plant, machinery and equipment | 23 | - | €460 | +€460 | |
| Furniture and vehicles | 24 | - | €13,574 | +€13,574 | |
| Current assets | 29/58 | €392,760 | €442,721 | +€49,961 | +12.7% |
| Amounts receivable within one year | 40/41 | €301,427 | €153,896 | -€147,531 | -48.9% |
| Trade receivables | 40 | - | €146,876 | +€146,876 | |
| Other amounts receivable | 41 | - | €7,020 | +€7,020 | |
| Cash at bank and in hand | 54/58 | €91,333 | €288,825 | +€197,491 | +216% |
| Total equity and liabilities | 10/49 | €396,403 | €456,754 | +€60,351 | +15.2% |
| Equity | 10/15 | €107,081 | €126,621 | +€19,540 | +18.2% |
| Contributions | 10/11 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €95,221 | €114,761 | +€19,540 | +20.5% |
| Amounts payable | 17/49 | €289,322 | €330,133 | +€40,811 | +14.1% |
| Amounts payable within one year | 42/48 | €278,522 | €322,561 | +€44,039 | +15.8% |
| Trade debts | 44 | €14,408 | €5,252 | -€9,156 | -63.5% |
| Suppliers | 440/4 | - | €5,252 | +€5,252 | |
| Taxes, remuneration and social security | 45 | - | €165,485 | +€165,485 | |
| Taxes | 450/3 | - | €12,416 | +€12,416 | |
| Remuneration and social security | 454/9 | - | €153,069 | +€153,069 | |
| Other amounts payable | 47/48 | - | €151,823 | +€151,823 | |
| Accrued charges and deferred income | 492/3 | - | €7,572 | +€7,572 | |
| Remuneration, social security and pensions | 62 | - | €1,053,856 | +€1.1m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,770 | €6,230 | +€4,460 | +252% |
| Other operating charges | 640/8 | - | €353 | +€353 | |
| Gross operating margin | 9900 | €923,977 | €1,093,008 | +€169,030 | +18.3% |
| Operating profit (loss) | 9901 | €32,515 | €32,568 | +€53 | +0.2% |
| Financial charges | 65/66B | - | €4,374 | +€4,374 | |
| Recurring financial charges | 65 | €5,490 | €4,374 | -€1,116 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €27,024 | €28,193 | +€1,169 | +4.3% |
| Income taxes | 67/77 | €8,721 | €8,653 | -€68 | -0.8% |
| Profit (loss) for the period | 9904 | €18,304 | €19,540 | +€1,237 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,304 | €19,540 | +€1,237 | +6.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.