Cultus: 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.
Cultus
Largest movements
- Receivables within one year +€26,510
up €26,510 (+96.6%), from €27,446 to €53,956
of which Trade receivables: +€26,558
- Tangible fixed assets +€20,560
up €20,560 (+471.8%), from €4,358 to €24,918
- Cash +€7,924
up €7,924 (+46.3%), from €17,109 to €25,033
mainly Net result for the year (+€29,797) and Trade debts (+€18,720)
- Deferred charges and accrued income +€1,821
up €1,821 (+2238.2%), from €81 to €1,903
- Profit (loss) carried forward +€19,082
up €19,082 (+1194.1%), from €1,598 to €20,680
- Trade debts +€18,720
up €18,720 (+129.0%), from €14,509 to €33,229
- Debts after one year +€15,520
up €15,520, from €0 to €15,520
- Current portion of long-term debt +€4,555
up €4,555 (+305.0%), from €1,493 to €6,048
- Gross operating margin +€14,520
up €14,520 (+69.2%), from €20,998 to €35,518
- Financial charges +€584
up €584 (+98.1%), from €596 to €1,180
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.
Cash bridge derived
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 | €50,489 | €107,848 | +€57,358 | +113.6% |
| Fixed assets | 21/28 | €4,358 | €24,918 | +€20,560 | +471.8% |
| Tangible fixed assets | 22/27 | €4,358 | €24,918 | +€20,560 | +471.8% |
| Furniture and vehicles | 24 | €4,358 | €24,918 | +€20,560 | +471.8% |
| Current assets | 29/58 | €46,131 | €82,930 | +€36,799 | +79.8% |
| Stocks and contracts in progress | 3 | €1,495 | €2,038 | +€543 | +36.4% |
| Stocks | 30/36 | €1,495 | €2,038 | +€543 | +36.4% |
| Amounts receivable within one year | 40/41 | €27,446 | €53,956 | +€26,510 | +96.6% |
| Trade receivables | 40 | €27,398 | €53,956 | +€26,558 | +96.9% |
| Other amounts receivable | 41 | €48 | €0 | -€48 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,109 | €25,033 | +€7,924 | +46.3% |
| Deferred charges and accrued income | 490/1 | €81 | €1,903 | +€1,821 | +2238.2% |
| Total equity and liabilities | 10/49 | €50,489 | €107,848 | +€57,358 | +113.6% |
| Equity | 10/15 | €22,057 | €41,139 | +€19,082 | +86.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,598 | €20,680 | +€19,082 | +1194.1% |
| Amounts payable | 17/49 | €28,432 | €66,708 | +€38,276 | +134.6% |
| Amounts payable after more than one year | 17 | €0 | €15,520 | +€15,520 | |
| Financial debts | 170/4 | €0 | €15,520 | +€15,520 | |
| Amounts payable within one year | 42/48 | €28,287 | €51,188 | +€22,902 | +81.0% |
| Current portion of amounts payable after more than one year | 42 | €1,493 | €6,048 | +€4,555 | +305.0% |
| Trade debts | 44 | €14,509 | €33,229 | +€18,720 | +129.0% |
| Suppliers | 440/4 | €14,509 | €33,229 | +€18,720 | +129.0% |
| Taxes, remuneration and social security | 45 | €1,900 | €1,197 | -€703 | -37.0% |
| Taxes | 450/3 | €1,900 | €1,197 | -€703 | -37.0% |
| Other amounts payable | 47/48 | €10,385 | €10,714 | +€329 | +3.2% |
| Accrued charges and deferred income | 492/3 | €145 | €0 | -€145 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,434 | €3,635 | +€201 | +5.9% |
| Other operating charges | 640/8 | €673 | €694 | +€21 | +3.1% |
| Gross operating margin | 9900 | €20,998 | €35,518 | +€14,520 | +69.2% |
| Operating profit (loss) | 9901 | €16,891 | €31,189 | +€14,298 | +84.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €596 | €1,180 | +€584 | +98.1% |
| Recurring financial charges | 65 | €596 | €1,180 | +€584 | +98.1% |
| Profit (loss) for the period before taxes | 9903 | €16,295 | €30,009 | +€13,714 | +84.2% |
| Income taxes | 67/77 | €214 | €213 | -€1 | -0.5% |
| Profit (loss) for the period | 9904 | €16,082 | €29,797 | +€13,715 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,082 | €29,797 | +€13,715 | +85.3% |
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 12 October 2026 via checked.be.