KU-Law: 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.
KU-Law
Largest movements
- Tangible fixed assets +€157,881
up €157,881 (+60.2%), from €262,273 to €420,154
of which Land and buildings: +€156,868
- Receivables within one year +€41,904
up €41,904 (+7.5%), from €561,614 to €603,518
of which Trade receivables: +€42,534
- Other debts +€362,744
up €362,744 (+342.3%), from €105,969 to €468,713
- Reserves -€291,284
down €291,284 (-13.3%), from €2.2m to €1.9m
- Debts after one year +€105,311
up €105,311 (+217.2%), from €48,478 to €153,789
- Tax, wage and social debts +€41,229
up €41,229 (+32.5%), from €126,818 to €168,046
of which Taxes: +€41,479
- Gross operating margin -€1.5m
down €1.5m (-88.6%), from €1.7m to €195,436
- Taxes -€493,510
down €493,510 (-91.1%), from €541,996 to €48,486
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 | €2,525,510 | €2,754,244 | +€228,735 | +9.1% |
| Fixed assets | 21/28 | €432,273 | €590,154 | +€157,881 | +36.5% |
| Tangible fixed assets | 22/27 | €262,273 | €420,154 | +€157,881 | +60.2% |
| Land and buildings | 22 | €260,870 | €417,739 | +€156,868 | +60.1% |
| Plant, machinery and equipment | 23 | €1,403 | €185 | -€1,218 | -86.8% |
| Furniture and vehicles | 24 | - | €2,231 | +€2,231 | |
| Financial fixed assets | 28 | €170,000 | €170,000 | = | 0.0% |
| Current assets | 29/58 | €2,093,236 | €2,164,090 | +€70,854 | +3.4% |
| Amounts receivable within one year | 40/41 | €561,614 | €603,518 | +€41,904 | +7.5% |
| Trade receivables | 40 | €88,530 | €131,065 | +€42,534 | +48.0% |
| Other amounts receivable | 41 | €473,084 | €472,454 | -€630 | -0.1% |
| Cash at bank and in hand | 54/58 | €1,513,097 | €1,539,582 | +€26,485 | +1.8% |
| Deferred charges and accrued income | 490/1 | €18,526 | €20,990 | +€2,464 | +13.3% |
| Total equity and liabilities | 10/49 | €2,525,510 | €2,754,244 | +€228,735 | +9.1% |
| Equity | 10/15 | €2,209,167 | €1,917,883 | -€291,284 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,190,567 | €1,899,283 | -€291,284 | -13.3% |
| Distributable reserves | 133 | €2,190,567 | €1,899,283 | -€291,284 | -13.3% |
| Amounts payable | 17/49 | €316,343 | €836,362 | +€520,019 | +164.4% |
| Amounts payable after more than one year | 17 | €48,478 | €153,789 | +€105,311 | +217.2% |
| Financial debts | 170/4 | €48,478 | €153,789 | +€105,311 | +217.2% |
| Amounts payable within one year | 42/48 | €267,865 | €682,573 | +€414,708 | +154.8% |
| Current portion of amounts payable after more than one year | 42 | €25,727 | €39,329 | +€13,602 | +52.9% |
| Trade debts | 44 | €9,351 | €6,485 | -€2,866 | -30.6% |
| Suppliers | 440/4 | €9,351 | €6,485 | -€2,866 | -30.6% |
| Taxes, remuneration and social security | 45 | €126,818 | €168,046 | +€41,229 | +32.5% |
| Taxes | 450/3 | €126,568 | €168,046 | +€41,479 | +32.8% |
| Remuneration and social security | 454/9 | €250 | - | -€250 | |
| Other amounts payable | 47/48 | €105,969 | €468,713 | +€362,744 | +342.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,235 | €48,390 | +€14,155 | +41.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,069 | +€5,069 | |
| Other operating charges | 640/8 | €2,571 | €5,166 | +€2,594 | +100.9% |
| Gross operating margin | 9900 | €1,714,366 | €195,436 | -€1.5m | -88.6% |
| Operating profit (loss) | 9901 | €1,677,560 | €136,811 | -€1.5m | -91.8% |
| Financial income | 75/76B | €35,881 | €24,580 | -€11,301 | -31.5% |
| Recurring financial income | 75 | €35,881 | €24,580 | -€11,301 | -31.5% |
| Financial charges | 65/66B | €2,620 | €5,891 | +€3,271 | +124.8% |
| Recurring financial charges | 65 | €2,620 | €5,891 | +€3,271 | +124.8% |
| Profit (loss) for the period before taxes | 9903 | €1,710,821 | €155,500 | -€1.6m | -90.9% |
| Income taxes | 67/77 | €541,996 | €48,486 | -€493,510 | -91.1% |
| Profit (loss) for the period | 9904 | €1,168,825 | €107,014 | -€1.1m | -90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,168,825 | €107,014 | -€1.1m | -90.8% |
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 12 October 2026 via checked.be.