Culobel: what changed
What changed
Culobel
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€336,230
2024 · -€97,851+€434,082
Equity
€11.5m
2024 · €12.1m-€665,288
Cash
€1.4m
2024 · €1.4m-€51,893
Balance sheet total
€17.9m
2024 · €17.6m+€253,298
Largest movements
Assets
- Current investments +€815,412
up €815,412 (+17.9%), from €4.6m to €5.4m
- Receivables within one year -€495,976
down €495,976 (-14.8%), from €3.3m to €2.8m
of which Other amounts receivable: -€622,573
Equity and liabilities
- Other debts +€1.0m
up €1.0m (+136%), from €738,104 to €1.7m
- Reserves -€663,770
down €663,770 (-5.5%), from €12.1m to €11.4m
of which Distributable reserves: -€663,770
Income statement
- Goods and materials -€1.2m
down €1.2m (-8.2%), from €14.2m to €13.1m
of which Purchases: -€969,403
- Turnover -€838,454
down €838,454 (-4.2%), from €20.0m to €19.2m
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
-€97,851
Turnover
-€838,454
Other operating income
+€82,867
Goods and materials
+€1.2m
Services and other goods
+€63,224
Staff costs
+€133,334
Depreciation
+€81,823
Other operating charges
+€1,210
Other operating items
-€123,265
Financial income
-€8,815
Financial charges
+€3,088
Taxes
-€127,443
Result 2025
€336,230
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
+€2.8m
Investment
-€1.6m
Financing
-€1.2m
Cash 2024
€1.4m
From operations (derived)
+€2.8m
Net result for the year
+€336,230
Depreciation
+€933,397
Stocks and contracts
-€22,554
Receivables within one year
+€495,976
Deferred charges and accrued income
-€144,651
Provisions
-€506
Trade debts
+€162,415
Tax, wage and social debts
-€149,354
Advances received
+€131,067
Other debts
+€1.0m
Accrued charges and deferred income
+€8,255
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€751,946
Current investments
-€815,412
Financing
-€1.2m
Debts after one year
-€151,779
Current portion of long-term debt
-€87,012
Contributions, distributions and other
-€1.0m
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,624,044 | €17,877,342 | +€253,298 | +1.4% |
| Fixed assets | 21/28 | €4,988,190 | €4,806,739 | -€181,451 | -3.6% |
| Intangible fixed assets | 21 | €221,581 | €162,033 | -€59,548 | -26.9% |
| Tangible fixed assets | 22/27 | €4,532,226 | €4,410,323 | -€121,903 | -2.7% |
| Land and buildings | 22 | €1,376,162 | €1,257,474 | -€118,688 | -8.6% |
| Plant, machinery and equipment | 23 | €2,930,632 | €2,659,592 | -€271,040 | -9.2% |
| Furniture and vehicles | 24 | €131,907 | €72,742 | -€59,165 | -44.9% |
| Leasing and similar rights | 25 | €28,184 | €63,948 | +€35,765 | +127% |
| Other tangible fixed assets | 26 | €8,597 | €3,641 | -€4,956 | -57.7% |
| Assets under construction and advance payments | 27 | €56,746 | €352,927 | +€296,181 | +522% |
| Financial fixed assets | 28 | €234,383 | €234,383 | = | 0.0% |
| Affiliated companies | 280/1 | €221,563 | €221,563 | = | 0.0% |
| Participating interests | 280 | €221,563 | €221,563 | = | 0.0% |
| Other financial fixed assets | 284/8 | €12,820 | €12,820 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €12,820 | €12,820 | = | 0.0% |
| Current assets | 29/58 | €12,635,854 | €13,070,603 | +€434,749 | +3.4% |
| Stocks and contracts in progress | 3 | €3,219,019 | €3,241,573 | +€22,554 | +0.7% |
| Stocks | 30/36 | €3,219,019 | €3,241,573 | +€22,554 | +0.7% |
| Raw materials and consumables | 30/31 | €964,215 | €863,387 | -€100,828 | -10.5% |
| Work in progress | 32 | €1,268,675 | €1,306,718 | +€38,043 | +3.0% |
| Finished goods | 33 | €986,129 | €924,083 | -€62,047 | -6.3% |
| Goods purchased for resale | 34 | - | €147,385 | +€147,385 | |
| Amounts receivable within one year | 40/41 | €3,341,850 | €2,845,874 | -€495,976 | -14.8% |
| Trade receivables | 40 | €2,223,961 | €2,350,558 | +€126,597 | +5.7% |
| Other amounts receivable | 41 | €1,117,889 | €495,316 | -€622,573 | -55.7% |
| Current investments | 50/53 | €4,559,486 | €5,374,899 | +€815,412 | +17.9% |
| Other investments | 51/53 | €4,559,486 | €5,374,899 | +€815,412 | +17.9% |
| Cash at bank and in hand | 54/58 | €1,405,272 | €1,353,379 | -€51,893 | -3.7% |
| Deferred charges and accrued income | 490/1 | €110,227 | €254,878 | +€144,651 | +131% |
| Total equity and liabilities | 10/49 | €17,624,044 | €17,877,342 | +€253,298 | +1.4% |
| Equity | 10/15 | €12,143,586 | €11,478,298 | -€665,288 | -5.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €12,053,500 | €11,389,730 | -€663,770 | -5.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,482 | €4,482 | = | 0.0% |
| Distributable reserves | 133 | €12,042,818 | €11,379,049 | -€663,770 | -5.5% |
| Investment grants | 15 | €28,086 | €26,568 | -€1,518 | -5.4% |
| Provisions and deferred taxes | 16 | €9,362 | €8,856 | -€506 | -5.4% |
| Deferred taxes | 168 | €9,362 | €8,856 | -€506 | -5.4% |
| Amounts payable | 17/49 | €5,471,096 | €6,390,188 | +€919,092 | +16.8% |
| Amounts payable after more than one year | 17 | €1,011,232 | €859,453 | -€151,779 | -15.0% |
| Financial debts | 170/4 | €1,011,232 | €859,453 | -€151,779 | -15.0% |
| Leasing and similar obligations | 172 | €6,450 | €49,571 | +€43,121 | +669% |
| Credit institutions | 173 | €1,004,782 | €809,882 | -€194,900 | -19.4% |
| Amounts payable within one year | 42/48 | €4,442,504 | €5,505,119 | +€1.1m | +23.9% |
| Current portion of amounts payable after more than one year | 42 | €297,095 | €210,083 | -€87,012 | -29.3% |
| Trade debts | 44 | €1,312,444 | €1,474,858 | +€162,415 | +12.4% |
| Suppliers | 440/4 | €1,312,444 | €1,474,858 | +€162,415 | +12.4% |
| Advances received on contracts in progress | 46 | €1,348,337 | €1,479,405 | +€131,067 | +9.7% |
| Taxes, remuneration and social security | 45 | €746,524 | €597,170 | -€149,354 | -20.0% |
| Taxes | 450/3 | €250,352 | €143,325 | -€107,027 | -42.8% |
| Remuneration and social security | 454/9 | €496,172 | €453,845 | -€42,328 | -8.5% |
| Other amounts payable | 47/48 | €738,104 | €1,743,604 | +€1.0m | +136% |
| Accrued charges and deferred income | 492/3 | €17,360 | €25,616 | +€8,255 | +47.6% |
| Operating income | 70/76A | €20,771,520 | €19,900,303 | -€871,217 | -4.2% |
| Turnover | 70 | €20,006,782 | €19,168,329 | -€838,454 | -4.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €169,777 | -€24,003 | -€193,780 | |
| Other operating income | 74 | €593,981 | €676,849 | +€82,867 | +14.0% |
| Non-recurring operating income | 76A | €979 | €79,129 | +€78,149 | +7,979% |
| Operating charges | 60/66A | €20,958,648 | €19,520,180 | -€1.4m | -6.9% |
| Goods for resale, raw materials and consumables | 60 | €14,236,222 | €13,069,710 | -€1.2m | -8.2% |
| Purchases | 600/8 | €14,085,671 | €13,116,268 | -€969,403 | -6.9% |
| Change in stocks: decrease (increase) | 609 | €150,551 | -€46,557 | -€197,108 | |
| Services and other goods | 61 | €1,618,053 | €1,554,829 | -€63,224 | -3.9% |
| Remuneration, social security and pensions | 62 | €3,995,190 | €3,861,856 | -€133,334 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015,220 | €933,397 | -€81,823 | -8.1% |
| Other operating charges | 640/8 | €93,963 | €92,754 | -€1,210 | -1.3% |
| Non-recurring operating charges | 66A | - | €7,634 | +€7,634 | |
| Operating profit (loss) | 9901 | -€187,128 | €380,123 | +€567,251 | |
| Financial income | 75/76B | €138,316 | €129,501 | -€8,815 | -6.4% |
| Recurring financial income | 75 | €138,316 | €129,501 | -€8,815 | -6.4% |
| Income from current assets | 751 | €125,768 | €117,356 | -€8,412 | -6.7% |
| Other financial income | 752/9 | €12,548 | €12,145 | -€402 | -3.2% |
| Financial charges | 65/66B | €49,545 | €46,458 | -€3,088 | -6.2% |
| Recurring financial charges | 65 | €49,545 | €46,458 | -€3,088 | -6.2% |
| Debt charges | 650 | €45,545 | €41,466 | -€4,079 | -9.0% |
| Other financial charges | 652/9 | €4,000 | €4,991 | +€991 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | -€98,357 | €463,167 | +€561,524 | |
| Transfer from deferred taxes | 780 | €506 | €506 | = | 0.0% |
| Income taxes | 67/77 | - | €127,443 | +€127,443 | |
| Taxes | 670/3 | - | €127,443 | +€127,443 | |
| Profit (loss) for the period | 9904 | -€97,851 | €336,230 | +€434,082 | |
| Profit (loss) for the period to be appropriated | 9905 | -€97,851 | €336,230 | +€434,082 |
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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 8 November 2026 via checked.be.