KU-BE: 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.
KU-BE
Largest movements
- Stocks and contracts +€592,183
up €592,183 (+66.0%), from €897,129 to €1.5m
- Receivables within one year -€35,000
no longer reported in 2025 (was €35,000)
- Cash +€30,501
up €30,501 (+72.9%), from €41,822 to €72,323
mainly Short-term financial debts (+€590,000) and Receivables within one year (+€35,000)
- Short-term financial debts +€590,000
up €590,000 (+62.8%), from €940,000 to €1.5m
- Other operating charges -€356
down €356 (-28.4%), from €1,254 to €898
- Gross operating margin +€24
up €24 (+1.6%), from -€1,501 to -€1,476
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 | €973,950 | €1,561,634 | +€587,684 | +60.3% |
| Current assets | 29/58 | €973,950 | €1,561,634 | +€587,684 | +60.3% |
| Stocks and contracts in progress | 3 | €897,129 | €1,489,311 | +€592,183 | +66.0% |
| Contracts in progress | 37 | €897,129 | €1,489,311 | +€592,183 | +66.0% |
| Amounts receivable within one year | 40/41 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 41 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €41,822 | €72,323 | +€30,501 | +72.9% |
| Total equity and liabilities | 10/49 | €973,950 | €1,561,634 | +€587,684 | +60.3% |
| Equity | 10/15 | €33,822 | €31,204 | -€2,618 | -7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,362 | €10,744 | -€2,618 | -19.6% |
| Amounts payable | 17/49 | €940,128 | €1,530,430 | +€590,302 | +62.8% |
| Amounts payable within one year | 42/48 | €940,128 | €1,530,430 | +€590,302 | +62.8% |
| Financial debts | 43 | €940,000 | €1,530,000 | +€590,000 | +62.8% |
| Credit institutions | 430/8 | €940,000 | €1,530,000 | +€590,000 | +62.8% |
| Trade debts | 44 | €128 | €430 | +€302 | +236.1% |
| Suppliers | 440/4 | €128 | €430 | +€302 | +236.1% |
| Other operating charges | 640/8 | €1,254 | €898 | -€356 | -28.4% |
| Gross operating margin | 9900 | -€1,501 | -€1,476 | +€24 | +1.6% |
| Operating profit (loss) | 9901 | -€2,755 | -€2,374 | +€381 | +13.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €231 | €244 | +€13 | +5.6% |
| Recurring financial charges | 65 | €231 | €244 | +€13 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,986 | -€2,618 | +€368 | +12.3% |
| Profit (loss) for the period | 9904 | -€2,986 | -€2,618 | +€368 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,986 | -€2,618 | +€368 | +12.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.