KAULINDUS: 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.
KAULINDUS
Largest movements
- Tangible fixed assets +€155,214
up €155,214 (+21.6%), from €718,830 to €874,044
of which Assets under construction and advance payments: +€379,192
- Current investments -€147,500
down €147,500 (-24.7%), from €597,551 to €450,051
- Receivables within one year -€27,027
down €27,027 (-50.3%), from €53,690 to €26,663
of which Other amounts receivable: -€46,584
- Reserves +€228,454
up €228,454 (+80.9%), from €282,556 to €511,010
of which Tax-exempt reserves: +€228,454
- Revaluation surpluses -€200,000
no longer reported in 2025 (was €200,000)
- Profit (loss) carried forward -€90,435
down €90,435 (-22.6%), from -€400,842 to -€491,277
- Provisions +€40,368
up €40,368 (+3.3%), from €1.2m to €1.2m
- Financial income +€295,517
up €295,517 (+1026.0%), from €28,802 to €324,319
of which Non-recurring financial income: +€304,605
- Provisions +€107,455
up €107,455 (+75.0%), from -€143,238 to -€35,783
- Gross operating margin +€93,397
up €93,397, from -€90,348 to €3,049
- Purchases and services -€85,604
down €85,604 (-36.8%), from €232,503 to €146,899
- Turnover +€7,793
up €7,793 (+5.5%), from €142,155 to €149,948
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 | €1,372,320 | €1,354,586 | -€17,734 | -1.3% |
| Fixed assets | 21/28 | €719,103 | €874,317 | +€155,214 | +21.6% |
| Tangible fixed assets | 22/27 | €718,830 | €874,044 | +€155,214 | +21.6% |
| Land and buildings | 22 | €627,250 | €426,855 | -€200,395 | -31.9% |
| Plant, machinery and equipment | 23 | €90,307 | €67,144 | -€23,163 | -25.6% |
| Furniture and vehicles | 24 | €1,273 | €853 | -€420 | -33.0% |
| Assets under construction and advance payments | 27 | - | €379,192 | +€379,192 | |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €653,217 | €480,269 | -€172,948 | -26.5% |
| Amounts receivable within one year | 40/41 | €53,690 | €26,663 | -€27,027 | -50.3% |
| Trade receivables | 40 | - | €19,557 | +€19,557 | |
| Other amounts receivable | 41 | €53,690 | €7,106 | -€46,584 | -86.8% |
| Current investments | 50/53 | €597,551 | €450,051 | -€147,500 | -24.7% |
| Cash at bank and in hand | 54/58 | €1,976 | €3,555 | +€1,579 | +79.9% |
| Total equity and liabilities | 10/49 | €1,372,320 | €1,354,586 | -€17,734 | -1.3% |
| Equity | 10/15 | €151,345 | €89,364 | -€61,981 | -41.0% |
| Contributions | 10/11 | €69,631 | €69,631 | = | 0.0% |
| Capital | 10 | €69,631 | €69,631 | = | 0.0% |
| Issued capital | 100 | €69,631 | €69,631 | = | 0.0% |
| Revaluation surpluses | 12 | €200,000 | - | -€200,000 | |
| Reserves | 13 | €282,556 | €511,010 | +€228,454 | +80.9% |
| Non-distributable reserves | 130/1 | €6,963 | €6,963 | = | 0.0% |
| Legal reserve | 130 | €6,963 | €6,963 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €228,454 | +€228,454 | |
| Distributable reserves | 133 | €275,593 | €275,593 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€400,842 | -€491,277 | -€90,435 | -22.6% |
| Provisions and deferred taxes | 16 | €1,205,752 | €1,246,120 | +€40,368 | +3.3% |
| Provisions for liabilities and charges | 160/5 | €1,205,752 | €1,246,120 | +€40,368 | +3.3% |
| Taxes | 161 | - | €76,151 | +€76,151 | |
| Other liabilities and charges | 164/5 | €1,205,752 | €1,169,969 | -€35,783 | -3.0% |
| Amounts payable | 17/49 | €15,223 | €19,102 | +€3,879 | +25.5% |
| Amounts payable within one year | 42/48 | €12,281 | €17,728 | +€5,447 | +44.4% |
| Trade debts | 44 | €245 | €5,400 | +€5,155 | +2104.1% |
| Suppliers | 440/4 | €245 | €5,400 | +€5,155 | +2104.1% |
| Taxes, remuneration and social security | 45 | €8,305 | €8,597 | +€292 | +3.5% |
| Remuneration and social security | 454/9 | €8,305 | €8,597 | +€292 | +3.5% |
| Other amounts payable | 47/48 | €3,731 | €3,731 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,942 | €1,374 | -€1,568 | -53.3% |
| Turnover | 70 | €142,155 | €149,948 | +€7,793 | +5.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €232,503 | €146,899 | -€85,604 | -36.8% |
| Remuneration, social security and pensions | 62 | €84,300 | €86,166 | +€1,866 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,724 | €23,583 | +€859 | +3.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€143,238 | -€35,783 | +€107,455 | +75.0% |
| Other operating charges | 640/8 | €36,112 | €39,362 | +€3,250 | +9.0% |
| Gross operating margin | 9900 | -€90,348 | €3,049 | +€93,397 | |
| Operating profit (loss) | 9901 | -€90,246 | -€110,279 | -€20,033 | -22.2% |
| Financial income | 75/76B | €28,802 | €324,319 | +€295,517 | +1026.0% |
| Recurring financial income | 75 | €28,802 | €19,714 | -€9,088 | -31.6% |
| Non-recurring financial income | 76B | - | €304,605 | +€304,605 | |
| Financial charges | 65/66B | €48 | €52 | +€4 | +8.3% |
| Recurring financial charges | 65 | €48 | €52 | +€4 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€61,492 | €213,988 | +€275,480 | |
| Transfer to deferred taxes | 680 | - | €76,151 | +€76,151 | |
| Income taxes | 67/77 | €4,423 | -€182 | -€4,605 | |
| Profit (loss) for the period | 9904 | -€65,915 | €138,019 | +€203,934 | |
| Transfer to tax-exempt reserves | 689 | - | €228,454 | +€228,454 | |
| Profit (loss) for the period to be appropriated | 9905 | -€65,915 | -€90,435 | -€24,520 | -37.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.