DR.CIUCIULETE: what changed
DR.CIUCIULETE
Largest movements
- Current investments +€75,000
up €75,000 (+100%), from €75,000 to €150,000
- Deferred charges and accrued income +€25,406
up €25,406 (+77.7%), from €32,708 to €58,114
- Tangible fixed assets -€13,248
down €13,248 (-26.5%), from €49,986 to €36,738
of which Furniture and vehicles: -€12,125
- Receivables within one year +€10,611
up €10,611 (+34.0%), from €31,218 to €41,829
of which Trade receivables: +€7,308
- Other debts +€220,628
up €220,628 (+178%), from €123,705 to €344,333
- Reserves -€115,395
down €115,395 (-52.2%), from €221,225 to €105,830
of which Distributable reserves: -€115,395
- Trade debts -€5,167
down €5,167 (-77.8%), from €6,642 to €1,475
- Gross operating margin +€26,022
up €26,022 (+20.0%), from €130,343 to €156,365
- Financial charges +€23,039
up €23,039 (+21.4%), from €107,909 to €130,948
- Depreciation +€7,731
up €7,731 (+94.6%), from €8,173 to €15,904
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €367,198 | €467,415 | +€100,217 | +27.3% |
| Fixed assets | 21/28 | €49,986 | €36,738 | -€13,248 | -26.5% |
| Tangible fixed assets | 22/27 | €49,986 | €36,738 | -€13,248 | -26.5% |
| Plant, machinery and equipment | 23 | €2,989 | €339 | -€2,650 | -88.7% |
| Furniture and vehicles | 24 | €46,510 | €34,385 | -€12,125 | -26.1% |
| Other tangible fixed assets | 26 | €487 | €2,014 | +€1,527 | +314% |
| Current assets | 29/58 | €317,212 | €430,677 | +€113,465 | +35.8% |
| Amounts receivable within one year | 40/41 | €31,218 | €41,829 | +€10,611 | +34.0% |
| Trade receivables | 40 | - | €7,308 | +€7,308 | |
| Other amounts receivable | 41 | €31,218 | €34,521 | +€3,303 | +10.6% |
| Current investments | 50/53 | €75,000 | €150,000 | +€75,000 | +100% |
| Cash at bank and in hand | 54/58 | €178,286 | €180,735 | +€2,449 | +1.4% |
| Deferred charges and accrued income | 490/1 | €32,708 | €58,114 | +€25,406 | +77.7% |
| Total equity and liabilities | 10/49 | €367,198 | €467,415 | +€100,217 | +27.3% |
| Equity | 10/15 | €233,625 | €118,230 | -€115,395 | -49.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €221,225 | €105,830 | -€115,395 | -52.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €219,365 | €103,970 | -€115,395 | -52.6% |
| Amounts payable | 17/49 | €133,573 | €349,185 | +€215,612 | +161% |
| Amounts payable within one year | 42/48 | €133,573 | €349,185 | +€215,612 | +161% |
| Current portion of amounts payable after more than one year | 42 | €3,226 | €3,378 | +€152 | +4.7% |
| Trade debts | 44 | €6,642 | €1,475 | -€5,167 | -77.8% |
| Suppliers | 440/4 | €6,642 | €1,475 | -€5,167 | -77.8% |
| Other amounts payable | 47/48 | €123,705 | €344,333 | +€220,628 | +178% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,173 | €15,904 | +€7,731 | +94.6% |
| Other operating charges | 640/8 | €2,010 | €2,155 | +€145 | +7.2% |
| Gross operating margin | 9900 | €130,343 | €156,365 | +€26,022 | +20.0% |
| Operating profit (loss) | 9901 | €120,160 | €138,307 | +€18,147 | +15.1% |
| Financial income | 75/76B | €1,644 | €1,665 | +€21 | +1.3% |
| Recurring financial income | 75 | €1,644 | €1,665 | +€21 | +1.3% |
| Financial charges | 65/66B | €107,909 | €130,948 | +€23,039 | +21.4% |
| Recurring financial charges | 65 | €107,909 | €130,948 | +€23,039 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €13,895 | €9,023 | -€4,872 | -35.1% |
| Income taxes | 67/77 | €5,077 | €3,585 | -€1,492 | -29.4% |
| Profit (loss) for the period | 9904 | €8,818 | €5,438 | -€3,380 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,818 | €5,438 | -€3,380 | -38.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.