KOULECHOV: 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.
KOULECHOV
Largest movements
- Receivables within one year +€12,612
up €12,612 (+68.0%), from €18,541 to €31,152
- Cash +€12,546
up €12,546 (+44.8%), from €28,032 to €40,578
mainly Net result for the year (+€16,230) and Other debts (+€6,456)
- Tangible fixed assets -€1,910
down €1,910 (-84.9%), from €2,249 to €339
- Deferred charges and accrued income +€825
new in 2025: €825
- Profit (loss) carried forward +€10,000
up €10,000 (+47.5%), from €21,061 to €31,061
- Other debts +€6,456
up €6,456 (+102%), from €6,304 to €12,759
- Reserves +€6,230
up €6,230 (+53.3%), from €11,696 to €17,926
- Trade debts +€1,545
up €1,545 (+84.1%), from €1,838 to €3,384
- Gross operating margin -€595
down €595 (-2.3%), from €25,895 to €25,300
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 | €49,132 | €73,204 | +€24,073 | +49.0% |
| Fixed assets | 21/28 | €2,559 | €649 | -€1,910 | -74.6% |
| Tangible fixed assets | 22/27 | €2,249 | €339 | -€1,910 | -84.9% |
| Furniture and vehicles | 24 | €2,249 | €339 | -€1,910 | -84.9% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €46,573 | €72,556 | +€25,983 | +55.8% |
| Amounts receivable within one year | 40/41 | €18,541 | €31,152 | +€12,612 | +68.0% |
| Trade receivables | 40 | €18,541 | €31,152 | +€12,612 | +68.0% |
| Cash at bank and in hand | 54/58 | €28,032 | €40,578 | +€12,546 | +44.8% |
| Deferred charges and accrued income | 490/1 | - | €825 | +€825 | |
| Total equity and liabilities | 10/49 | €49,132 | €73,204 | +€24,073 | +49.0% |
| Equity | 10/15 | €35,757 | €51,987 | +€16,230 | +45.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,696 | €17,926 | +€6,230 | +53.3% |
| Distributable reserves | 133 | €11,696 | €17,926 | +€6,230 | +53.3% |
| Profit (loss) carried forward | 14 | €21,061 | €31,061 | +€10,000 | +47.5% |
| Amounts payable | 17/49 | €13,375 | €21,217 | +€7,843 | +58.6% |
| Amounts payable within one year | 42/48 | €13,375 | €21,217 | +€7,843 | +58.6% |
| Trade debts | 44 | €1,838 | €3,384 | +€1,545 | +84.1% |
| Suppliers | 440/4 | €1,838 | €3,384 | +€1,545 | +84.1% |
| Taxes, remuneration and social security | 45 | €5,233 | €5,074 | -€159 | -3.0% |
| Taxes | 450/3 | €3,637 | €3,314 | -€323 | -8.9% |
| Remuneration and social security | 454/9 | €1,596 | €1,760 | +€164 | +10.3% |
| Other amounts payable | 47/48 | €6,304 | €12,759 | +€6,456 | +102% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,913 | €1,910 | -€4 | -0.2% |
| Other operating charges | 640/8 | €570 | €586 | +€16 | +2.8% |
| Gross operating margin | 9900 | €25,895 | €25,300 | -€595 | -2.3% |
| Operating profit (loss) | 9901 | €23,412 | €22,805 | -€607 | -2.6% |
| Financial income | 75/76B | €0 | €11 | +€11 | +2,640% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +2,640% |
| Financial charges | 65/66B | €294 | €221 | -€73 | -24.7% |
| Recurring financial charges | 65 | €294 | €221 | -€73 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €23,118 | €22,594 | -€524 | -2.3% |
| Income taxes | 67/77 | €6,423 | €6,364 | -€59 | -0.9% |
| Profit (loss) for the period | 9904 | €16,696 | €16,230 | -€465 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,696 | €16,230 | -€465 | -2.8% |
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 14 October 2026 via checked.be.