DE KUDDE: what changed
Two fiscal 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.
DE KUDDE
Largest movements
- Tangible fixed assets -€9,033
down €9,033 (-33.4%), from €27,038 to €18,005
of which Plant, machinery and equipment: -€7,314
- Cash -€6,851
down €6,851 (-100.0%), from €6,851 to €0
mainly Net result for the year (-€13,083) and Other debts (-€2,461)
- Profit (loss) carried forward -€13,083
down €13,083 (-17.6%), from -€74,394 to -€87,477
- Other debts -€2,461
down €2,461 (-2.9%), from €85,466 to €83,005
- Financial charges +€2,735
up €2,735 (+493.8%), from €554 to €3,289
- Depreciation -€893
down €893 (-9.0%), from €9,926 to €9,033
- Gross operating margin -€465
down €465, from €125 to -€341
- Financial income +€119
up €119 (+14357.8%), from €1 to €120
- Other operating charges +€15
up €15 (+2.9%), from €525 to €540
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 | €34,100 | €18,107 | -€15,994 | -46.9% |
| Fixed assets | 21/28 | €27,038 | €18,005 | -€9,033 | -33.4% |
| Tangible fixed assets | 22/27 | €27,038 | €18,005 | -€9,033 | -33.4% |
| Plant, machinery and equipment | 23 | €23,600 | €16,286 | -€7,314 | -31.0% |
| Furniture and vehicles | 24 | €3,438 | €1,719 | -€1,719 | -50.0% |
| Current assets | 29/58 | €7,062 | €102 | -€6,961 | -98.6% |
| Amounts receivable within one year | 40/41 | €212 | €102 | -€110 | -52.0% |
| Trade receivables | 40 | €134 | €0 | -€134 | -100.0% |
| Other amounts receivable | 41 | €78 | €102 | +€23 | +29.9% |
| Cash at bank and in hand | 54/58 | €6,851 | €0 | -€6,851 | -100.0% |
| Total equity and liabilities | 10/49 | €34,100 | €18,107 | -€15,994 | -46.9% |
| Equity | 10/15 | -€51,894 | -€64,977 | -€13,083 | -25.2% |
| Contributions | 10/11 | €22,500 | €22,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,394 | -€87,477 | -€13,083 | -17.6% |
| Amounts payable | 17/49 | €85,994 | €83,083 | -€2,911 | -3.4% |
| Amounts payable within one year | 42/48 | €85,994 | €83,083 | -€2,911 | -3.4% |
| Trade debts | 44 | €120 | €0 | -€120 | -100.0% |
| Suppliers | 440/4 | €120 | €0 | -€120 | -100.0% |
| Taxes, remuneration and social security | 45 | €408 | €78 | -€330 | -80.8% |
| Taxes | 450/3 | €408 | €78 | -€330 | -80.8% |
| Other amounts payable | 47/48 | €85,466 | €83,005 | -€2,461 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,926 | €9,033 | -€893 | -9.0% |
| Other operating charges | 640/8 | €525 | €540 | +€15 | +2.9% |
| Gross operating margin | 9900 | €125 | -€341 | -€465 | |
| Operating profit (loss) | 9901 | -€10,327 | -€9,914 | +€413 | +4.0% |
| Financial income | 75/76B | €1 | €120 | +€119 | +14357.8% |
| Recurring financial income | 75 | €1 | €120 | +€119 | +14357.8% |
| Financial charges | 65/66B | €554 | €3,289 | +€2,735 | +493.8% |
| Recurring financial charges | 65 | €554 | €3,289 | +€2,735 | +493.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,880 | -€13,083 | -€2,203 | -20.2% |
| Profit (loss) for the period | 9904 | -€10,880 | -€13,083 | -€2,203 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,880 | -€13,083 | -€2,203 | -20.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.