CULOT MNM: 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.
CULOT MNM
Largest movements
- Cash +€17,541
up €17,541 (+165%), from €10,615 to €28,156
mainly Net result for the year (+€17,002) and Receivables within one year (+€16,847)
- Receivables within one year -€16,847
down €16,847 (-16.3%), from €103,276 to €86,429
of which Other amounts receivable: -€16,983
- Tangible fixed assets +€1,479
up €1,479 (+253%), from €584 to €2,063
- Reserves +€20,000
up €20,000 (+40.0%), from €50,000 to €70,000
- Tax, wage and social debts -€7,227
down €7,227 (-23.5%), from €30,720 to €23,492
of which Taxes: -€10,180
- Trade debts -€6,939
down €6,939 (-96.1%), from €7,218 to €279
- Current portion of long-term debt -€4,194
down €4,194 (-100%), from €4,194 to €0
- Accrued charges and deferred income +€3,543
up €3,543 (+416%), from €853 to €4,396
- Gross operating margin -€12,176
down €12,176 (-34.5%), from €35,242 to €23,066
- Taxes -€8,288
down €8,288 (-60.2%), from €13,770 to €5,482
- Financial income -€4,295
down €4,295 (-47.5%), from €9,037 to €4,743
- Other operating charges +€1,342
up €1,342 (+83.1%), from €1,614 to €2,955
- Depreciation +€751
up €751 (+413%), from €182 to €932
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 | €114,700 | €116,885 | +€2,185 | +1.9% |
| Fixed assets | 21/28 | €809 | €2,288 | +€1,479 | +183% |
| Tangible fixed assets | 22/27 | €584 | €2,063 | +€1,479 | +253% |
| Furniture and vehicles | 24 | €584 | €2,063 | +€1,479 | +253% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €113,891 | €114,597 | +€706 | +0.6% |
| Amounts receivable within one year | 40/41 | €103,276 | €86,429 | -€16,847 | -16.3% |
| Trade receivables | 40 | €7,269 | €7,405 | +€136 | +1.9% |
| Other amounts receivable | 41 | €96,007 | €79,023 | -€16,983 | -17.7% |
| Cash at bank and in hand | 54/58 | €10,615 | €28,156 | +€17,541 | +165% |
| Deferred charges and accrued income | 490/1 | - | €12 | +€12 | |
| Total equity and liabilities | 10/49 | €114,700 | €116,885 | +€2,185 | +1.9% |
| Equity | 10/15 | €71,716 | €88,718 | +€17,002 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Distributable reserves | 133 | €50,000 | €70,000 | +€20,000 | +40.0% |
| Profit (loss) carried forward | 14 | €3,116 | €118 | -€2,998 | -96.2% |
| Amounts payable | 17/49 | €42,984 | €28,167 | -€14,817 | -34.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,131 | €23,771 | -€18,360 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €4,194 | €0 | -€4,194 | -100% |
| Trade debts | 44 | €7,218 | €279 | -€6,939 | -96.1% |
| Suppliers | 440/4 | €7,218 | €279 | -€6,939 | -96.1% |
| Taxes, remuneration and social security | 45 | €30,720 | €23,492 | -€7,227 | -23.5% |
| Taxes | 450/3 | €30,720 | €20,540 | -€10,180 | -33.1% |
| Remuneration and social security | 454/9 | - | €2,953 | +€2,953 | |
| Accrued charges and deferred income | 492/3 | €853 | €4,396 | +€3,543 | +416% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182 | €932 | +€751 | +413% |
| Other operating charges | 640/8 | €1,614 | €2,955 | +€1,342 | +83.1% |
| Gross operating margin | 9900 | €35,242 | €23,066 | -€12,176 | -34.5% |
| Operating profit (loss) | 9901 | €33,447 | €19,178 | -€14,268 | -42.7% |
| Financial income | 75/76B | €9,037 | €4,743 | -€4,295 | -47.5% |
| Recurring financial income | 75 | €9,037 | €4,743 | -€4,295 | -47.5% |
| Financial charges | 65/66B | €936 | €1,437 | +€501 | +53.5% |
| Recurring financial charges | 65 | €936 | €1,437 | +€501 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €41,548 | €22,484 | -€19,064 | -45.9% |
| Income taxes | 67/77 | €13,770 | €5,482 | -€8,288 | -60.2% |
| Profit (loss) for the period | 9904 | €27,778 | €17,002 | -€10,776 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,778 | €17,002 | -€10,776 | -38.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.