CULTIVERDE: 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.
CULTIVERDE
Largest movements
- Receivables within one year -€76,027
down €76,027 (-21.0%), from €361,437 to €285,410
of which Trade receivables: -€73,628
- Tangible fixed assets -€65,005
down €65,005 (-3.6%), from €1.8m to €1.8m
of which Land and buildings: -€58,789
- Trade debts -€151,256
down €151,256 (-53.3%), from €283,559 to €132,303
- Other debts +€125,399
up €125,399 (+158%), from €79,513 to €204,911
- Debts after one year -€119,179
down €119,179 (-9.4%), from €1.3m to €1.1m
- Short-term financial debts -€87,938
down €87,938 (-68.2%), from €128,914 to €40,976
- Reserves +€54,342
up €54,342 (+6.7%), from €813,845 to €868,187
- Gross operating margin +€49,508
up €49,508 (+12.0%), from €414,103 to €463,611
- Taxes +€22,544
up €22,544 (+25.4%), from €88,629 to €111,173
- Financial charges -€9,093
down €9,093 (-17.5%), from €52,043 to €42,950
- Other operating charges +€5,440
up €5,440 (+62.9%), from €8,651 to €14,091
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,749,761 | €2,603,640 | -€146,121 | -5.3% |
| Fixed assets | 21/28 | €1,815,175 | €1,750,171 | -€65,005 | -3.6% |
| Tangible fixed assets | 22/27 | €1,815,175 | €1,750,171 | -€65,005 | -3.6% |
| Land and buildings | 22 | €1,771,657 | €1,712,868 | -€58,789 | -3.3% |
| Furniture and vehicles | 24 | €1,305 | €1,192 | -€112 | -8.6% |
| Leasing and similar rights | 25 | €42,214 | €36,110 | -€6,103 | -14.5% |
| Current assets | 29/58 | €934,586 | €853,469 | -€81,117 | -8.7% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €361,437 | €285,410 | -€76,027 | -21.0% |
| Trade receivables | 40 | €359,038 | €285,410 | -€73,628 | -20.5% |
| Other amounts receivable | 41 | €2,399 | €0 | -€2,399 | -100% |
| Cash at bank and in hand | 54/58 | €66,377 | €60,408 | -€5,968 | -9.0% |
| Deferred charges and accrued income | 490/1 | €6,772 | €7,650 | +€878 | +13.0% |
| Total equity and liabilities | 10/49 | €2,749,761 | €2,603,640 | -€146,121 | -5.3% |
| Equity | 10/15 | €820,143 | €874,387 | +€54,244 | +6.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €813,845 | €868,187 | +€54,342 | +6.7% |
| Distributable reserves | 133 | €813,845 | €868,187 | +€54,342 | +6.7% |
| Profit (loss) carried forward | 14 | €97 | €0 | -€97 | -100% |
| Amounts payable | 17/49 | €1,929,618 | €1,729,253 | -€200,366 | -10.4% |
| Amounts payable after more than one year | 17 | €1,262,333 | €1,143,153 | -€119,179 | -9.4% |
| Financial debts | 170/4 | €1,262,333 | €1,143,153 | -€119,179 | -9.4% |
| Amounts payable within one year | 42/48 | €661,042 | €576,042 | -€85,000 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €153,575 | €142,285 | -€11,290 | -7.4% |
| Financial debts | 43 | €128,914 | €40,976 | -€87,938 | -68.2% |
| Credit institutions | 430/8 | €128,914 | €40,976 | -€87,938 | -68.2% |
| Trade debts | 44 | €283,559 | €132,303 | -€151,256 | -53.3% |
| Suppliers | 440/4 | €283,559 | €132,303 | -€151,256 | -53.3% |
| Advances received on contracts in progress | 46 | €2,093 | €2,578 | +€485 | +23.2% |
| Taxes, remuneration and social security | 45 | €13,388 | €52,990 | +€39,601 | +296% |
| Taxes | 450/3 | €13,388 | €49,825 | +€36,436 | +272% |
| Remuneration and social security | 454/9 | - | €3,165 | +€3,165 | |
| Other amounts payable | 47/48 | €79,513 | €204,911 | +€125,399 | +158% |
| Accrued charges and deferred income | 492/3 | €6,243 | €10,057 | +€3,814 | +61.1% |
| Non-recurring operating income | 76A | - | €6,331 | +€6,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,208 | €98,736 | -€3,472 | -3.4% |
| Other operating charges | 640/8 | €8,651 | €14,091 | +€5,440 | +62.9% |
| Gross operating margin | 9900 | €414,103 | €463,611 | +€49,508 | +12.0% |
| Operating profit (loss) | 9901 | €303,245 | €350,784 | +€47,540 | +15.7% |
| Financial income | 75/76B | €24,792 | €22,759 | -€2,033 | -8.2% |
| Recurring financial income | 75 | €24,792 | €22,759 | -€2,033 | -8.2% |
| Financial charges | 65/66B | €52,043 | €42,950 | -€9,093 | -17.5% |
| Recurring financial charges | 65 | €52,043 | €42,950 | -€9,093 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €275,994 | €330,593 | +€54,599 | +19.8% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €88,629 | €111,173 | +€22,544 | +25.4% |
| Profit (loss) for the period | 9904 | €187,365 | €219,420 | +€32,056 | +17.1% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €187,365 | €219,420 | +€32,056 | +17.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.