K&U GROUP: 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&U GROUP
Largest movements
- Receivables within one year +€171,917
up €171,917 (+410.1%), from €41,922 to €213,839
of which Trade receivables: +€165,540
- Tangible fixed assets -€67,434
down €67,434 (-38.2%), from €176,679 to €109,245
of which Furniture and vehicles: -€67,011
- Cash -€6,418
down €6,418 (-8.1%), from €79,388 to €72,969
mainly Receivables within one year (-€171,917) and Debts after one year (-€32,196)
- Reserves +€48,257
up €48,257 (+47.6%), from €101,402 to €149,659
- Trade debts +€46,297
up €46,297 (+487.7%), from €9,493 to €55,791
- Tax, wage and social debts +€33,903
up €33,903 (+68.0%), from €49,863 to €83,766
of which Remuneration and social security: +€21,110
- Debts after one year -€32,196
down €32,196 (-29.2%), from €110,175 to €77,978
- Gross operating margin -€54,046
down €54,046 (-26.8%), from €201,608 to €147,563
- Staff costs +€21,484
up €21,484 (+85.8%), from €25,037 to €46,522
- Taxes -€15,449
down €15,449 (-44.8%), from €34,471 to €19,022
- Depreciation -€6,913
down €6,913 (-20.2%), from €34,271 to €27,357
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 | €302,366 | €399,891 | +€97,525 | +32.3% |
| Fixed assets | 21/28 | €176,679 | €109,245 | -€67,434 | -38.2% |
| Tangible fixed assets | 22/27 | €176,679 | €109,245 | -€67,434 | -38.2% |
| Plant, machinery and equipment | 23 | €633 | €210 | -€423 | -66.8% |
| Furniture and vehicles | 24 | €176,046 | €109,035 | -€67,011 | -38.1% |
| Current assets | 29/58 | €125,687 | €290,646 | +€164,959 | +131.2% |
| Amounts receivable within one year | 40/41 | €41,922 | €213,839 | +€171,917 | +410.1% |
| Trade receivables | 40 | €41,922 | €207,461 | +€165,540 | +394.9% |
| Other amounts receivable | 41 | - | €6,377 | +€6,377 | |
| Cash at bank and in hand | 54/58 | €79,388 | €72,969 | -€6,418 | -8.1% |
| Deferred charges and accrued income | 490/1 | €4,377 | €3,838 | -€539 | -12.3% |
| Total equity and liabilities | 10/49 | €302,366 | €399,891 | +€97,525 | +32.3% |
| Equity | 10/15 | €101,902 | €150,159 | +€48,257 | +47.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €101,402 | €149,659 | +€48,257 | +47.6% |
| Distributable reserves | 133 | €101,402 | €149,659 | +€48,257 | +47.6% |
| Amounts payable | 17/49 | €200,464 | €249,732 | +€49,268 | +24.6% |
| Amounts payable after more than one year | 17 | €110,175 | €77,978 | -€32,196 | -29.2% |
| Financial debts | 170/4 | €110,175 | €77,978 | -€32,196 | -29.2% |
| Amounts payable within one year | 42/48 | €90,289 | €171,753 | +€81,464 | +90.2% |
| Current portion of amounts payable after more than one year | 42 | €30,894 | €32,196 | +€1,302 | +4.2% |
| Trade debts | 44 | €9,493 | €55,791 | +€46,297 | +487.7% |
| Suppliers | 440/4 | €9,493 | €55,791 | +€46,297 | +487.7% |
| Taxes, remuneration and social security | 45 | €49,863 | €83,766 | +€33,903 | +68.0% |
| Taxes | 450/3 | €45,353 | €58,146 | +€12,793 | +28.2% |
| Remuneration and social security | 454/9 | €4,510 | €25,620 | +€21,110 | +468.0% |
| Other amounts payable | 47/48 | €38 | - | -€38 | |
| Non-recurring operating income | 76A | - | €9,233 | +€9,233 | |
| Remuneration, social security and pensions | 62 | €25,037 | €46,522 | +€21,484 | +85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,271 | €27,357 | -€6,913 | -20.2% |
| Other operating charges | 640/8 | €994 | €838 | -€156 | -15.7% |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Gross operating margin | 9900 | €201,608 | €147,563 | -€54,046 | -26.8% |
| Operating profit (loss) | 9901 | €141,306 | €72,843 | -€68,463 | -48.5% |
| Financial income | 75/76B | €1 | €81 | +€80 | +6608.3% |
| Recurring financial income | 75 | €1 | €81 | +€80 | +6608.3% |
| Financial charges | 65/66B | €5,435 | €5,645 | +€210 | +3.9% |
| Recurring financial charges | 65 | €5,435 | €5,645 | +€210 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €135,872 | €67,279 | -€68,593 | -50.5% |
| Income taxes | 67/77 | €34,471 | €19,022 | -€15,449 | -44.8% |
| Profit (loss) for the period | 9904 | €101,402 | €48,257 | -€53,144 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,402 | €48,257 | -€53,144 | -52.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.