CULTEA: 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.
CULTEA
Largest movements
- Tangible fixed assets +€30,018
up €30,018 (+3.3%), from €922,499 to €952,517
of which Plant, machinery and equipment: +€113,108
- Receivables within one year +€21,699
up €21,699 (+9.7%), from €223,472 to €245,171
of which Trade receivables: +€20,224
- Cash -€16,428
down €16,428 (-62.7%), from €26,220 to €9,792
mainly Investment in fixed assets (net) (-€257,879) and Other debts (-€24,112)
- Current portion of long-term debt +€24,619
up €24,619 (+18.8%), from €130,861 to €155,480
- Other debts -€24,112
down €24,112 (-20.2%), from €119,379 to €95,267
- Profit (loss) carried forward +€23,603
up €23,603 (+14.7%), from -€160,055 to -€136,452
- Debts after one year +€20,395
up €20,395 (+2.2%), from €924,972 to €945,367
- Depreciation -€10,400
down €10,400 (-4.4%), from €238,262 to €227,861
- Gross operating margin -€10,351
down €10,351 (-3.2%), from €320,471 to €310,120
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 | €1,181,910 | €1,225,194 | +€43,284 | +3.7% |
| Fixed assets | 21/28 | €922,499 | €952,517 | +€30,018 | +3.3% |
| Tangible fixed assets | 22/27 | €922,499 | €952,517 | +€30,018 | +3.3% |
| Plant, machinery and equipment | 23 | €504,001 | €617,109 | +€113,108 | +22.4% |
| Furniture and vehicles | 24 | €171,748 | €134,747 | -€37,000 | -21.5% |
| Leasing and similar rights | 25 | €246,751 | €200,661 | -€46,089 | -18.7% |
| Current assets | 29/58 | €259,411 | €272,677 | +€13,266 | +5.1% |
| Amounts receivable within one year | 40/41 | €223,472 | €245,171 | +€21,699 | +9.7% |
| Trade receivables | 40 | €218,524 | €238,749 | +€20,224 | +9.3% |
| Other amounts receivable | 41 | €4,948 | €6,423 | +€1,475 | +29.8% |
| Cash at bank and in hand | 54/58 | €26,220 | €9,792 | -€16,428 | -62.7% |
| Deferred charges and accrued income | 490/1 | €9,719 | €17,714 | +€7,995 | +82.3% |
| Total equity and liabilities | 10/49 | €1,181,910 | €1,225,194 | +€43,284 | +3.7% |
| Equity | 10/15 | -€9,755 | €13,848 | +€23,603 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,055 | -€136,452 | +€23,603 | +14.7% |
| Amounts payable | 17/49 | €1,191,665 | €1,211,346 | +€19,680 | +1.7% |
| Amounts payable after more than one year | 17 | €924,972 | €945,367 | +€20,395 | +2.2% |
| Financial debts | 170/4 | €924,972 | €945,367 | +€20,395 | +2.2% |
| Amounts payable within one year | 42/48 | €266,694 | €260,389 | -€6,305 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €130,861 | €155,480 | +€24,619 | +18.8% |
| Trade debts | 44 | €10,154 | €4,751 | -€5,403 | -53.2% |
| Suppliers | 440/4 | €10,154 | €4,751 | -€5,403 | -53.2% |
| Taxes, remuneration and social security | 45 | €6,300 | €4,891 | -€1,409 | -22.4% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €6,300 | €4,891 | -€1,409 | -22.4% |
| Other amounts payable | 47/48 | €119,379 | €95,267 | -€24,112 | -20.2% |
| Accrued charges and deferred income | 492/3 | €0 | €5,590 | +€5,590 | |
| Non-recurring operating income | 76A | €21,500 | €45,483 | +€23,983 | +112% |
| Remuneration, social security and pensions | 62 | €48,356 | €50,233 | +€1,877 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €238,262 | €227,861 | -€10,400 | -4.4% |
| Other operating charges | 640/8 | €1,031 | €1,064 | +€33 | +3.2% |
| Non-recurring operating charges | 66A | - | €103 | +€103 | |
| Gross operating margin | 9900 | €320,471 | €310,120 | -€10,351 | -3.2% |
| Operating profit (loss) | 9901 | €32,822 | €30,858 | -€1,964 | -6.0% |
| Financial income | 75/76B | €21 | €0 | -€21 | -97.9% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -97.9% |
| Financial charges | 65/66B | €5,386 | €7,256 | +€1,869 | +34.7% |
| Recurring financial charges | 65 | €5,386 | €7,256 | +€1,869 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €27,457 | €23,603 | -€3,854 | -14.0% |
| Profit (loss) for the period | 9904 | €27,457 | €23,603 | -€3,854 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,457 | €23,603 | -€3,854 | -14.0% |
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 15 October 2026 via checked.be.