SO CULT: 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.
SO CULT
Largest movements
- Receivables within one year +€32,065
up €32,065 (+177%), from €18,131 to €50,197
of which Trade receivables: +€40,486
- Receivables after one year +€4,610
up €4,610 (+23.7%), from €19,439 to €24,049
- Cash -€4,381
down €4,381 (-9.8%), from €44,545 to €40,164
mainly Receivables within one year (-€32,065) and Receivables after one year (-€4,610)
- Trade debts +€25,995
up €25,995 (+117%), from €22,226 to €48,221
- Staff costs -€1,716
down €1,716 (-45.5%), from €3,775 to €2,059
- Taxes -€761
down €761 (-22.4%), from €3,398 to €2,637
- Financial charges -€565
down €565 (-7.3%), from €7,770 to €7,206
- Gross operating margin -€453
down €453 (-2.1%), from €21,295 to €20,842
- Depreciation +€220
up €220 (+4.2%), from €5,220 to €5,440
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 | €275,526 | €305,662 | +€30,136 | +10.9% |
| Fixed assets | 21/28 | €193,411 | €191,131 | -€2,279 | -1.2% |
| Tangible fixed assets | 22/27 | €193,411 | €191,131 | -€2,279 | -1.2% |
| Land and buildings | 22 | €120,910 | €119,633 | -€1,277 | -1.1% |
| Plant, machinery and equipment | 23 | €71,371 | €68,579 | -€2,792 | -3.9% |
| Furniture and vehicles | 24 | €1,130 | €2,919 | +€1,790 | +158% |
| Current assets | 29/58 | €82,115 | €114,530 | +€32,415 | +39.5% |
| Amounts receivable after more than one year | 29 | €19,439 | €24,049 | +€4,610 | +23.7% |
| Other amounts receivable | 291 | €19,439 | €24,049 | +€4,610 | +23.7% |
| Amounts receivable within one year | 40/41 | €18,131 | €50,197 | +€32,065 | +177% |
| Trade receivables | 40 | €6,853 | €47,339 | +€40,486 | +591% |
| Other amounts receivable | 41 | €11,279 | €2,858 | -€8,421 | -74.7% |
| Cash at bank and in hand | 54/58 | €44,545 | €40,164 | -€4,381 | -9.8% |
| Deferred charges and accrued income | 490/1 | - | €120 | +€120 | |
| Total equity and liabilities | 10/49 | €275,526 | €305,662 | +€30,136 | +10.9% |
| Equity | 10/15 | €77,001 | €79,833 | +€2,832 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,541 | €59,373 | +€2,832 | +5.0% |
| Amounts payable | 17/49 | €198,525 | €225,829 | +€27,304 | +13.8% |
| Amounts payable within one year | 42/48 | €198,525 | €225,829 | +€27,304 | +13.8% |
| Financial debts | 43 | €170,000 | €170,000 | = | 0.0% |
| Other loans | 439 | €170,000 | €170,000 | = | 0.0% |
| Trade debts | 44 | €22,226 | €48,221 | +€25,995 | +117% |
| Suppliers | 440/4 | €22,226 | €48,221 | +€25,995 | +117% |
| Taxes, remuneration and social security | 45 | €6,298 | €7,608 | +€1,310 | +20.8% |
| Taxes | 450/3 | €4,960 | €7,282 | +€2,322 | +46.8% |
| Remuneration and social security | 454/9 | €1,338 | €326 | -€1,012 | -75.6% |
| Remuneration, social security and pensions | 62 | €3,775 | €2,059 | -€1,716 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,220 | €5,440 | +€220 | +4.2% |
| Other operating charges | 640/8 | €887 | €669 | -€218 | -24.6% |
| Gross operating margin | 9900 | €21,295 | €20,842 | -€453 | -2.1% |
| Operating profit (loss) | 9901 | €11,413 | €12,674 | +€1,261 | +11.0% |
| Financial charges | 65/66B | €7,770 | €7,206 | -€565 | -7.3% |
| Recurring financial charges | 65 | €7,770 | €7,206 | -€565 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €3,643 | €5,469 | +€1,826 | +50.1% |
| Income taxes | 67/77 | €3,398 | €2,637 | -€761 | -22.4% |
| Profit (loss) for the period | 9904 | €245 | €2,832 | +€2,587 | +1,057% |
| Profit (loss) for the period to be appropriated | 9905 | €245 | €2,832 | +€2,587 | +1,057% |
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 30 October 2026 via checked.be.