Cultri: 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.
Cultri
Largest movements
- Receivables within one year +€107,169
up €107,169 (+129%), from €83,113 to €190,282
- Cash +€31,520
up €31,520 (+151%), from €20,899 to €52,420
mainly Trade debts (+€113,213) and Net result for the year (+€84,143)
- Tangible fixed assets +€8,222
up €8,222 (+15.9%), from €51,830 to €60,052
of which Assets under construction and advance payments: +€26,000
- Stocks and contracts +€7,366
up €7,366 (+11.6%), from €63,568 to €70,934
- Trade debts +€113,213
up €113,213 (+333%), from €34,047 to €147,259
- Reserves +€84,143
up €84,143 (+224%), from €37,640 to €121,784
- Short-term financial debts -€29,800
no longer reported in 2025 (was €29,800)
- Tax, wage and social debts +€29,510
up €29,510 (+154%), from €19,188 to €48,698
of which Taxes: +€31,685
- Debts after one year -€22,280
down €22,280 (-56.7%), from €39,289 to €17,009
- Gross operating margin +€64,794
up €64,794 (+83.8%), from €77,289 to €142,084
- Taxes +€15,329
up €15,329 (+107%), from €14,311 to €29,640
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 | €220,474 | €374,300 | +€153,826 | +69.8% |
| Fixed assets | 21/28 | €52,033 | €60,205 | +€8,172 | +15.7% |
| Intangible fixed assets | 21 | €203 | €153 | -€50 | -24.6% |
| Tangible fixed assets | 22/27 | €51,830 | €60,052 | +€8,222 | +15.9% |
| Land and buildings | 22 | €699 | €556 | -€143 | -20.5% |
| Plant, machinery and equipment | 23 | €13,911 | €17,349 | +€3,438 | +24.7% |
| Furniture and vehicles | 24 | €37,219 | €16,147 | -€21,072 | -56.6% |
| Assets under construction and advance payments | 27 | - | €26,000 | +€26,000 | |
| Current assets | 29/58 | €168,441 | €314,095 | +€145,654 | +86.5% |
| Stocks and contracts in progress | 3 | €63,568 | €70,934 | +€7,366 | +11.6% |
| Stocks | 30/36 | €63,568 | €70,934 | +€7,366 | +11.6% |
| Amounts receivable within one year | 40/41 | €83,113 | €190,282 | +€107,169 | +129% |
| Trade receivables | 40 | €83,113 | €190,282 | +€107,169 | +129% |
| Cash at bank and in hand | 54/58 | €20,899 | €52,420 | +€31,520 | +151% |
| Deferred charges and accrued income | 490/1 | €861 | €459 | -€402 | -46.6% |
| Total equity and liabilities | 10/49 | €220,474 | €374,300 | +€153,826 | +69.8% |
| Equity | 10/15 | €40,640 | €124,784 | +€84,143 | +207% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €37,640 | €121,784 | +€84,143 | +224% |
| Distributable reserves | 133 | €37,640 | €121,784 | +€84,143 | +224% |
| Amounts payable | 17/49 | €179,834 | €249,517 | +€69,683 | +38.7% |
| Amounts payable after more than one year | 17 | €39,289 | €17,009 | -€22,280 | -56.7% |
| Financial debts | 170/4 | €39,289 | €17,009 | -€22,280 | -56.7% |
| Amounts payable within one year | 42/48 | €140,544 | €232,508 | +€91,964 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | €21,419 | €22,280 | +€862 | +4.0% |
| Financial debts | 43 | €29,800 | - | -€29,800 | |
| Credit institutions | 430/8 | €29,800 | - | -€29,800 | |
| Trade debts | 44 | €34,047 | €147,259 | +€113,213 | +333% |
| Suppliers | 440/4 | €34,047 | €147,259 | +€113,213 | +333% |
| Taxes, remuneration and social security | 45 | €19,188 | €48,698 | +€29,510 | +154% |
| Taxes | 450/3 | €17,013 | €48,698 | +€31,685 | +186% |
| Remuneration and social security | 454/9 | €2,175 | - | -€2,175 | |
| Other amounts payable | 47/48 | €36,091 | €14,270 | -€21,821 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,566 | €19,009 | -€557 | -2.8% |
| Other operating charges | 640/8 | €993 | €1,210 | +€217 | +21.8% |
| Non-recurring operating charges | 66A | - | €3,853 | +€3,853 | |
| Gross operating margin | 9900 | €77,289 | €142,084 | +€64,794 | +83.8% |
| Operating profit (loss) | 9901 | €56,730 | €118,011 | +€61,281 | +108% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €4,779 | €4,237 | -€541 | -11.3% |
| Recurring financial charges | 65 | €4,779 | €4,237 | -€541 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €51,952 | €113,784 | +€61,832 | +119% |
| Income taxes | 67/77 | €14,311 | €29,640 | +€15,329 | +107% |
| Profit (loss) for the period | 9904 | €37,640 | €84,143 | +€46,503 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €37,640 | €84,143 | +€46,503 | +124% |
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 29 October 2026 via checked.be.