K. GULMAN CABDENT: 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.
K. GULMAN CABDENT
Largest movements
- Receivables within one year +€16,089
up €16,089 (+78.1%), from €20,603 to €36,692
of which Other amounts receivable: +€9,742
- Tangible fixed assets -€3,952
down €3,952 (-29.5%), from €13,397 to €9,445
of which Other tangible fixed assets: -€2,546
- Stocks and contracts -€1,103
down €1,103 (-25.1%), from €4,403 to €3,300
- Deferred charges and accrued income -€887
down €887 (-45.9%), from €1,932 to €1,045
- Trade debts +€3,694
up €3,694 (+78.8%), from €4,688 to €8,382
- Profit (loss) carried forward +€3,118
up €3,118 (+10.4%), from €29,949 to €33,067
- Short-term financial debts +€2,971
new in 2025: €2,971
- Gross operating margin -€13,379
down €13,379 (-24.9%), from €53,691 to €40,312
- Depreciation -€13,031
down €13,031 (-76.7%), from €16,983 to €3,952
- Staff costs +€5,890
up €5,890 (+27.9%), from €21,128 to €27,018
- Taxes -€2,134
down €2,134 (-55.7%), from €3,831 to €1,697
- Other operating charges +€1,468
up €1,468 (+55.3%), from €2,657 to €4,125
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 | €59,257 | €68,887 | +€9,630 | +16.3% |
| Fixed assets | 21/28 | €13,447 | €9,495 | -€3,952 | -29.4% |
| Tangible fixed assets | 22/27 | €13,397 | €9,445 | -€3,952 | -29.5% |
| Furniture and vehicles | 24 | €4,015 | €2,609 | -€1,406 | -35.0% |
| Other tangible fixed assets | 26 | €9,382 | €6,836 | -€2,546 | -27.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €45,810 | €59,392 | +€13,582 | +29.6% |
| Stocks and contracts in progress | 3 | €4,403 | €3,300 | -€1,103 | -25.1% |
| Stocks | 30/36 | €4,403 | €3,300 | -€1,103 | -25.1% |
| Amounts receivable within one year | 40/41 | €20,603 | €36,692 | +€16,089 | +78.1% |
| Trade receivables | 40 | €15,618 | €21,965 | +€6,347 | +40.6% |
| Other amounts receivable | 41 | €4,985 | €14,727 | +€9,742 | +195% |
| Cash at bank and in hand | 54/58 | €18,872 | €18,355 | -€517 | -2.7% |
| Deferred charges and accrued income | 490/1 | €1,932 | €1,045 | -€887 | -45.9% |
| Total equity and liabilities | 10/49 | €59,257 | €68,887 | +€9,630 | +16.3% |
| Equity | 10/15 | €44,309 | €47,427 | +€3,118 | +7.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,949 | €33,067 | +€3,118 | +10.4% |
| Amounts payable | 17/49 | €14,948 | €21,460 | +€6,512 | +43.6% |
| Amounts payable within one year | 42/48 | €14,948 | €21,460 | +€6,512 | +43.6% |
| Financial debts | 43 | - | €2,971 | +€2,971 | |
| Credit institutions | 430/8 | - | €2,971 | +€2,971 | |
| Trade debts | 44 | €4,688 | €8,382 | +€3,694 | +78.8% |
| Suppliers | 440/4 | €4,688 | €8,382 | +€3,694 | +78.8% |
| Taxes, remuneration and social security | 45 | €10,260 | €10,107 | -€153 | -1.5% |
| Taxes | 450/3 | €7,284 | €5,478 | -€1,806 | -24.8% |
| Remuneration and social security | 454/9 | €2,976 | €4,629 | +€1,653 | +55.5% |
| Remuneration, social security and pensions | 62 | €21,128 | €27,018 | +€5,890 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,983 | €3,952 | -€13,031 | -76.7% |
| Other operating charges | 640/8 | €2,657 | €4,125 | +€1,468 | +55.3% |
| Gross operating margin | 9900 | €53,691 | €40,312 | -€13,379 | -24.9% |
| Operating profit (loss) | 9901 | €12,923 | €5,217 | -€7,706 | -59.6% |
| Financial income | 75/76B | €1 | €15 | +€14 | +1,400% |
| Recurring financial income | 75 | €1 | €15 | +€14 | +1,400% |
| Financial charges | 65/66B | €421 | €417 | -€4 | -1.0% |
| Recurring financial charges | 65 | €421 | €417 | -€4 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €12,503 | €4,815 | -€7,688 | -61.5% |
| Income taxes | 67/77 | €3,831 | €1,697 | -€2,134 | -55.7% |
| Profit (loss) for the period | 9904 | €8,672 | €3,118 | -€5,554 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,672 | €3,118 | -€5,554 | -64.0% |
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 24 October 2026 via checked.be.