Dr CHULLIKAL: 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.
Dr CHULLIKAL
Largest movements
- Receivables within one year +€40,396
up €40,396 (+1,087%), from €3,715 to €44,111
- Cash -€32,036
down €32,036 (-23.8%), from €134,667 to €102,630
mainly Contributions, distributions and other (-€157,016) and Receivables within one year (-€40,396)
- Deferred charges and accrued income +€13,306
up €13,306 (+526%), from €2,532 to €15,838
- Tangible fixed assets -€12,975
down €12,975 (-23.4%), from €55,485 to €42,510
of which Furniture and vehicles: -€12,935
- Other debts +€36,158
up €36,158 (+29.9%), from €120,858 to €157,016
- Debts after one year -€14,090
down €14,090 (-31.0%), from €45,383 to €31,293
- Tax, wage and social debts -€12,642
no longer reported in 2025 (was €12,642)
- Trade debts -€2,351
down €2,351 (-89.0%), from €2,642 to €290
- Taxes +€8,793
up €8,793 (+25.3%), from €34,742 to €43,535
- Gross operating margin -€6,918
down €6,918 (-3.1%), from €224,863 to €217,945
- Other operating charges -€2,484
down €2,484 (-53.0%), from €4,688 to €2,204
- Financial charges -€2,447
down €2,447 (-53.2%), from €4,596 to €2,150
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 | €196,998 | €205,689 | +€8,691 | +4.4% |
| Fixed assets | 21/28 | €56,085 | €43,110 | -€12,975 | -23.1% |
| Tangible fixed assets | 22/27 | €55,485 | €42,510 | -€12,975 | -23.4% |
| Plant, machinery and equipment | 23 | €40 | - | -€40 | |
| Furniture and vehicles | 24 | €55,445 | €42,510 | -€12,935 | -23.3% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €140,913 | €162,579 | +€21,666 | +15.4% |
| Amounts receivable within one year | 40/41 | €3,715 | €44,111 | +€40,396 | +1,087% |
| Other amounts receivable | 41 | €3,715 | €44,111 | +€40,396 | +1,087% |
| Cash at bank and in hand | 54/58 | €134,667 | €102,630 | -€32,036 | -23.8% |
| Deferred charges and accrued income | 490/1 | €2,532 | €15,838 | +€13,306 | +526% |
| Total equity and liabilities | 10/49 | €196,998 | €205,689 | +€8,691 | +4.4% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Share premium | 1100/10 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €193,998 | €202,689 | +€8,691 | +4.5% |
| Amounts payable after more than one year | 17 | €45,383 | €31,293 | -€14,090 | -31.0% |
| Financial debts | 170/4 | €45,383 | €31,293 | -€14,090 | -31.0% |
| Amounts payable within one year | 42/48 | €148,615 | €171,396 | +€22,781 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €12,474 | €14,090 | +€1,616 | +13.0% |
| Trade debts | 44 | €2,642 | €290 | -€2,351 | -89.0% |
| Suppliers | 440/4 | €2,642 | €290 | -€2,351 | -89.0% |
| Taxes, remuneration and social security | 45 | €12,642 | - | -€12,642 | |
| Taxes | 450/3 | €12,642 | - | -€12,642 | |
| Other amounts payable | 47/48 | €120,858 | €157,016 | +€36,158 | +29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,626 | €14,123 | +€1,497 | +11.9% |
| Other operating charges | 640/8 | €4,688 | €2,204 | -€2,484 | -53.0% |
| Non-recurring operating charges | 66A | €48,210 | - | -€48,210 | |
| Gross operating margin | 9900 | €224,863 | €217,945 | -€6,918 | -3.1% |
| Operating profit (loss) | 9901 | €159,338 | €201,618 | +€42,279 | +26.5% |
| Financial income | 75/76B | €857 | €1,082 | +€225 | +26.2% |
| Recurring financial income | 75 | €857 | €1,082 | +€225 | +26.2% |
| Financial charges | 65/66B | €4,596 | €2,150 | -€2,447 | -53.2% |
| Recurring financial charges | 65 | €4,596 | €2,150 | -€2,447 | -53.2% |
| Profit (loss) for the period before taxes | 9903 | €155,599 | €200,550 | +€44,951 | +28.9% |
| Income taxes | 67/77 | €34,742 | €43,535 | +€8,793 | +25.3% |
| Profit (loss) for the period | 9904 | €120,858 | €157,016 | +€36,158 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €120,858 | €157,016 | +€36,158 | +29.9% |
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 20 October 2026 via checked.be.