KAUL & ASSOCIATES: 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 & ASSOCIATES
Largest movements
- Cash +€81,583
up €81,583 (+6,784%), from €1,203 to €82,785
mainly Net result for the year (+€40,995) and Depreciation (+€38,389)
- Tangible fixed assets -€38,389
down €38,389 (-27.9%), from €137,503 to €99,113
of which Land and buildings: -€37,100
- Receivables within one year -€3,892
down €3,892 (-21.6%), from €18,007 to €14,114
of which Trade receivables: -€9,082
- Profit (loss) carried forward +€40,995
up €40,995 (+94.7%), from -€43,277 to -€2,281
- Other debts -€33,602
down €33,602 (-16.0%), from €209,699 to €176,097
- Trade debts +€29,537
up €29,537 (+873%), from €3,385 to €32,922
- Advances received +€5,000
new in 2025: €5,000
- Gross operating margin +€67,761
up €67,761 (+415%), from €16,328 to €84,089
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 | €178,930 | €219,813 | +€40,883 | +22.8% |
| Fixed assets | 21/28 | €139,130 | €100,707 | -€38,423 | -27.6% |
| Tangible fixed assets | 22/27 | €137,503 | €99,113 | -€38,389 | -27.9% |
| Land and buildings | 22 | €134,399 | €97,299 | -€37,100 | -27.6% |
| Plant, machinery and equipment | 23 | €3,104 | €1,814 | -€1,290 | -41.6% |
| Financial fixed assets | 28 | €1,628 | €1,594 | -€34 | -2.1% |
| Current assets | 29/58 | €39,799 | €119,105 | +€79,306 | +199% |
| Stocks and contracts in progress | 3 | €19,886 | €19,886 | = | 0.0% |
| Stocks | 30/36 | €19,886 | €19,886 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,007 | €14,114 | -€3,892 | -21.6% |
| Trade receivables | 40 | €17,271 | €8,188 | -€9,082 | -52.6% |
| Other amounts receivable | 41 | €736 | €5,926 | +€5,190 | +705% |
| Cash at bank and in hand | 54/58 | €1,203 | €82,785 | +€81,583 | +6,784% |
| Deferred charges and accrued income | 490/1 | €704 | €2,319 | +€1,615 | +230% |
| Total equity and liabilities | 10/49 | €178,930 | €219,813 | +€40,883 | +22.8% |
| Equity | 10/15 | -€35,217 | €5,779 | +€40,995 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | -€43,277 | -€2,281 | +€40,995 | +94.7% |
| Amounts payable | 17/49 | €214,146 | €214,034 | -€112 | -0.1% |
| Amounts payable within one year | 42/48 | €214,146 | €214,034 | -€112 | -0.1% |
| Trade debts | 44 | €3,385 | €32,922 | +€29,537 | +873% |
| Suppliers | 440/4 | €3,385 | €32,922 | +€29,537 | +873% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €1,062 | €15 | -€1,047 | -98.6% |
| Taxes | 450/3 | €1,062 | €15 | -€1,047 | -98.6% |
| Other amounts payable | 47/48 | €209,699 | €176,097 | -€33,602 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,810 | €38,389 | +€580 | +1.5% |
| Other operating charges | 640/8 | €3,620 | €4,163 | +€543 | +15.0% |
| Gross operating margin | 9900 | €16,328 | €84,089 | +€67,761 | +415% |
| Operating profit (loss) | 9901 | -€25,102 | €41,536 | +€66,639 | |
| Financial income | 75/76B | €86 | €0 | -€86 | -99.9% |
| Recurring financial income | 75 | €86 | €0 | -€86 | -99.9% |
| Financial charges | 65/66B | €250 | €326 | +€76 | +30.2% |
| Recurring financial charges | 65 | €250 | €326 | +€76 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€25,267 | €41,210 | +€66,477 | |
| Income taxes | 67/77 | €164 | €215 | +€51 | +30.8% |
| Profit (loss) for the period | 9904 | -€25,431 | €40,995 | +€66,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,431 | €40,995 | +€66,426 |
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 21 October 2026 via checked.be.