CULTURED: 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.
CULTURED
Largest movements
- Stocks and contracts +€27,000
up €27,000 (+49.1%), from €55,000 to €82,000
- Tangible fixed assets +€14,261
up €14,261 (+17.2%), from €83,091 to €97,352
of which Other tangible fixed assets: +€17,098
- Receivables within one year -€4,577
down €4,577 (-36.0%), from €12,730 to €8,153
of which Trade receivables: -€6,475
- Other debts +€92,463
up €92,463 (+84.6%), from €109,235 to €201,699
- Trade debts -€28,216
down €28,216 (-89.4%), from €31,577 to €3,361
- Profit (loss) carried forward -€22,004
down €22,004 (-23.0%), from -€95,679 to -€117,683
- Accrued charges and deferred income -€7,650
down €7,650 (-100%), from €7,650 to €0
- Depreciation +€7,760
up €7,760 (+125%), from €6,222 to €13,983
- Gross operating margin -€6,032
down €6,032 (-55.5%), from €10,859 to €4,827
- Financial charges +€2,907
up €2,907 (+536%), from €543 to €3,450
- Other operating charges +€853
up €853 (+153%), from €556 to €1,410
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,783 | €188,699 | +€35,916 | +23.5% |
| Fixed assets | 21/28 | €83,091 | €97,352 | +€14,261 | +17.2% |
| Tangible fixed assets | 22/27 | €83,091 | €97,352 | +€14,261 | +17.2% |
| Plant, machinery and equipment | 23 | €2,260 | €0 | -€2,260 | -100% |
| Furniture and vehicles | 24 | €578 | €0 | -€578 | -100% |
| Other tangible fixed assets | 26 | €80,253 | €97,352 | +€17,098 | +21.3% |
| Current assets | 29/58 | €69,692 | €91,347 | +€21,655 | +31.1% |
| Stocks and contracts in progress | 3 | €55,000 | €82,000 | +€27,000 | +49.1% |
| Stocks | 30/36 | €55,000 | €82,000 | +€27,000 | +49.1% |
| Amounts receivable within one year | 40/41 | €12,730 | €8,153 | -€4,577 | -36.0% |
| Trade receivables | 40 | €6,475 | €0 | -€6,475 | -100% |
| Other amounts receivable | 41 | €6,255 | €8,153 | +€1,898 | +30.3% |
| Cash at bank and in hand | 54/58 | €1,962 | €1,194 | -€768 | -39.1% |
| Total equity and liabilities | 10/49 | €152,783 | €188,699 | +€35,916 | +23.5% |
| Equity | 10/15 | €4,321 | -€17,683 | -€22,004 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,679 | -€117,683 | -€22,004 | -23.0% |
| Amounts payable | 17/49 | €148,462 | €206,382 | +€57,919 | +39.0% |
| Amounts payable within one year | 42/48 | €140,812 | €206,382 | +€65,569 | +46.6% |
| Trade debts | 44 | €31,577 | €3,361 | -€28,216 | -89.4% |
| Suppliers | 440/4 | €31,577 | €3,361 | -€28,216 | -89.4% |
| Taxes, remuneration and social security | 45 | - | €1,322 | +€1,322 | |
| Taxes | 450/3 | - | €1,322 | +€1,322 | |
| Other amounts payable | 47/48 | €109,235 | €201,699 | +€92,463 | +84.6% |
| Accrued charges and deferred income | 492/3 | €7,650 | €0 | -€7,650 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,222 | €13,983 | +€7,760 | +125% |
| Other operating charges | 640/8 | €556 | €1,410 | +€853 | +153% |
| Gross operating margin | 9900 | €10,859 | €4,827 | -€6,032 | -55.5% |
| Operating profit (loss) | 9901 | €4,080 | -€10,566 | -€14,646 | |
| Financial income | 75/76B | €0 | €20 | +€20 | |
| Recurring financial income | 75 | €0 | €20 | +€20 | |
| Financial charges | 65/66B | €543 | €3,450 | +€2,907 | +536% |
| Recurring financial charges | 65 | €543 | €3,450 | +€2,907 | +536% |
| Profit (loss) for the period before taxes | 9903 | €3,537 | -€13,996 | -€17,533 | |
| Profit (loss) for the period | 9904 | €3,537 | -€13,996 | -€17,533 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,537 | -€13,996 | -€17,533 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 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.