BO KUTSU: 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.
BO KUTSU
Largest movements
- Receivables within one year +€8,452
up €8,452 (+243%), from €3,479 to €11,930
of which Trade receivables: +€7,680
- Tangible fixed assets +€1,490
new in 2026: €1,490
- Cash -€954
down €954 (-93.5%), from €1,020 to €66
mainly Receivables within one year (-€8,452) and Tax, wage and social debts (-€5,377)
- Other debts +€10,854
up €10,854 (+31.3%), from €34,727 to €45,581
- Tax, wage and social debts -€5,377
down €5,377 (-72.3%), from €7,434 to €2,057
- Profit (loss) carried forward +€3,428
up €3,428 (+4.2%), from -€80,911 to -€77,484
- Gross operating margin +€4,692
up €4,692 (+134%), from €3,498 to €8,191
- Taxes +€239
up €239 (+13.1%), from €1,818 to €2,057
- Other operating charges -€206
down €206 (-47.1%), from €438 to €232
- Financial charges +€205
up €205 (+9.0%), from €2,263 to €2,467
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,499 | €13,486 | +€8,988 | +200% |
| Fixed assets | 21/28 | - | €1,490 | +€1,490 | |
| Tangible fixed assets | 22/27 | - | €1,490 | +€1,490 | |
| Plant, machinery and equipment | 23 | - | €1,490 | +€1,490 | |
| Current assets | 29/58 | €4,499 | €11,996 | +€7,498 | +167% |
| Amounts receivable within one year | 40/41 | €3,479 | €11,930 | +€8,452 | +243% |
| Trade receivables | 40 | €3,479 | €11,159 | +€7,680 | +221% |
| Other amounts receivable | 41 | - | €772 | +€772 | |
| Cash at bank and in hand | 54/58 | €1,020 | €66 | -€954 | -93.5% |
| Total equity and liabilities | 10/49 | €4,499 | €13,486 | +€8,988 | +200% |
| Equity | 10/15 | -€37,796 | -€34,368 | +€3,428 | +9.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €5,931 | €5,931 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,931 | €5,931 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,931 | €5,931 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,911 | -€77,484 | +€3,428 | +4.2% |
| Amounts payable | 17/49 | €42,295 | €47,855 | +€5,560 | +13.1% |
| Amounts payable within one year | 42/48 | €42,295 | €47,855 | +€5,560 | +13.1% |
| Trade debts | 44 | €134 | €216 | +€82 | +61.0% |
| Suppliers | 440/4 | €134 | €216 | +€82 | +61.0% |
| Taxes, remuneration and social security | 45 | €7,434 | €2,057 | -€5,377 | -72.3% |
| Taxes | 450/3 | €7,434 | €2,057 | -€5,377 | -72.3% |
| Other amounts payable | 47/48 | €34,727 | €45,581 | +€10,854 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7 | +€7 | |
| Other operating charges | 640/8 | €438 | €232 | -€206 | -47.1% |
| Gross operating margin | 9900 | €3,498 | €8,191 | +€4,692 | +134% |
| Operating profit (loss) | 9901 | €3,061 | €7,952 | +€4,891 | +160% |
| Financial charges | 65/66B | €2,263 | €2,467 | +€205 | +9.0% |
| Recurring financial charges | 65 | €2,263 | €2,467 | +€205 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €798 | €5,485 | +€4,687 | +587% |
| Income taxes | 67/77 | €1,818 | €2,057 | +€239 | +13.1% |
| Profit (loss) for the period | 9904 | -€1,020 | €3,428 | +€4,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,020 | €3,428 | +€4,448 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.