KAUL: 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.
KAUL
Largest movements
- Stocks and contracts +€4,895
up €4,895 (+11.1%), from €44,134 to €49,029
- Receivables within one year -€3,018
down €3,018 (-95.7%), from €3,155 to €137
of which Trade receivables: -€2,386
- Other debts +€4,626
up €4,626 (+42.7%), from €10,839 to €15,465
- Tax, wage and social debts -€2,085
down €2,085 (-31.0%), from €6,730 to €4,646
of which Remuneration and social security: -€2,050
- Trade debts -€1,399
down €1,399 (-48.4%), from €2,892 to €1,493
- Gross operating margin -€6,134
down €6,134 (-47.0%), from €13,061 to €6,927
- Taxes -€2,203
down €2,203 (-95.4%), from €2,308 to €105
- Financial charges +€2,187
up €2,187 (+146%), from €1,499 to €3,686
- Other operating charges +€2,035
up €2,035 (+713%), from €285 to €2,320
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 | €53,835 | €55,292 | +€1,457 | +2.7% |
| Fixed assets | 21/28 | €5,513 | €5,013 | -€500 | -9.1% |
| Intangible fixed assets | 21 | €500 | - | -€500 | |
| Financial fixed assets | 28 | €5,013 | €5,013 | = | 0.0% |
| Current assets | 29/58 | €48,322 | €50,280 | +€1,957 | +4.1% |
| Stocks and contracts in progress | 3 | €44,134 | €49,029 | +€4,895 | +11.1% |
| Stocks | 30/36 | €44,134 | €49,029 | +€4,895 | +11.1% |
| Amounts receivable within one year | 40/41 | €3,155 | €137 | -€3,018 | -95.7% |
| Trade receivables | 40 | €2,386 | - | -€2,386 | |
| Other amounts receivable | 41 | €770 | €137 | -€633 | -82.2% |
| Cash at bank and in hand | 54/58 | €1,011 | €970 | -€41 | -4.1% |
| Deferred charges and accrued income | 490/1 | €22 | €144 | +€122 | +554% |
| Total equity and liabilities | 10/49 | €53,835 | €55,292 | +€1,457 | +2.7% |
| Equity | 10/15 | €33,374 | €33,689 | +€315 | +0.9% |
| 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% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,914 | €13,229 | +€315 | +2.4% |
| Amounts payable | 17/49 | €20,461 | €21,604 | +€1,143 | +5.6% |
| Amounts payable within one year | 42/48 | €20,461 | €21,604 | +€1,143 | +5.6% |
| Trade debts | 44 | €2,892 | €1,493 | -€1,399 | -48.4% |
| Suppliers | 440/4 | €2,892 | €1,493 | -€1,399 | -48.4% |
| Taxes, remuneration and social security | 45 | €6,730 | €4,646 | -€2,085 | -31.0% |
| Taxes | 450/3 | €3,930 | €3,896 | -€35 | -0.9% |
| Remuneration and social security | 454/9 | €2,800 | €750 | -€2,050 | -73.2% |
| Other amounts payable | 47/48 | €10,839 | €15,465 | +€4,626 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €500 | = | 0.0% |
| Other operating charges | 640/8 | €285 | €2,320 | +€2,035 | +713% |
| Gross operating margin | 9900 | €13,061 | €6,927 | -€6,134 | -47.0% |
| Operating profit (loss) | 9901 | €12,275 | €4,106 | -€8,169 | -66.5% |
| Financial charges | 65/66B | €1,499 | €3,686 | +€2,187 | +146% |
| Recurring financial charges | 65 | €1,499 | €3,686 | +€2,187 | +146% |
| Profit (loss) for the period before taxes | 9903 | €10,776 | €420 | -€10,356 | -96.1% |
| Income taxes | 67/77 | €2,308 | €105 | -€2,203 | -95.4% |
| Profit (loss) for the period | 9904 | €8,468 | €315 | -€8,153 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,468 | €315 | -€8,153 | -96.3% |
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 16 October 2026 via checked.be.