KUANZA: 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.
KUANZA
Largest movements
- Stocks and contracts -€125,000
down €125,000 (-17.2%), from €725,000 to €600,000
- Tangible fixed assets -€66,871
down €66,871 (-6.4%), from €1.0m to €980,077
of which Land and buildings: -€46,870
- Receivables within one year +€35,415
up €35,415 (+385%), from €9,192 to €44,607
of which Trade receivables: +€35,415
- Profit (loss) carried forward -€124,578
down €124,578, from €90,947 to -€33,631
- Other debts -€53,050
down €53,050 (-55.4%), from €95,784 to €42,734
- Tax, wage and social debts +€38,276
up €38,276 (+158%), from €24,209 to €62,486
- Debts after one year -€35,650
down €35,650 (-9.4%), from €378,909 to €343,260
- Gross operating margin -€80,699
down €80,699 (-42.1%), from €191,510 to €110,811
- Financial charges +€28,391
up €28,391 (+36.5%), from €77,822 to €106,213
- Taxes -€16,145
down €16,145 (-50.2%), from €32,145 to €16,000
- Other operating charges -€15,991
down €15,991 (-13.7%), from €116,670 to €100,679
- Depreciation -€2,908
down €2,908 (-55.5%), from €5,237 to €2,329
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 | €1,786,832 | €1,624,684 | -€162,148 | -9.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,046,948 | €980,077 | -€66,871 | -6.4% |
| Tangible fixed assets | 22/27 | €1,046,948 | €980,077 | -€66,871 | -6.4% |
| Land and buildings | 22 | €1,021,870 | €975,000 | -€46,870 | -4.6% |
| Plant, machinery and equipment | 23 | €16,663 | €5,077 | -€11,586 | -69.5% |
| Furniture and vehicles | 24 | €8,415 | - | -€8,415 | |
| Current assets | 29/58 | €739,883 | €644,607 | -€95,277 | -12.9% |
| Stocks and contracts in progress | 3 | €725,000 | €600,000 | -€125,000 | -17.2% |
| Contracts in progress | 37 | €725,000 | €600,000 | -€125,000 | -17.2% |
| Amounts receivable within one year | 40/41 | €9,192 | €44,607 | +€35,415 | +385% |
| Trade receivables | 40 | €9,192 | €44,607 | +€35,415 | +385% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €5,692 | €0 | -€5,692 | -100% |
| Total equity and liabilities | 10/49 | €1,786,832 | €1,624,684 | -€162,148 | -9.1% |
| Equity | 10/15 | €110,947 | -€13,631 | -€124,578 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,947 | -€33,631 | -€124,578 | |
| Amounts payable | 17/49 | €1,675,884 | €1,638,315 | -€37,569 | -2.2% |
| Amounts payable after more than one year | 17 | €378,909 | €343,260 | -€35,650 | -9.4% |
| Financial debts | 170/4 | €378,909 | €343,260 | -€35,650 | -9.4% |
| Amounts payable within one year | 42/48 | €1,292,990 | €1,291,070 | -€1,920 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €34,371 | €35,650 | +€1,279 | +3.7% |
| Financial debts | 43 | €1,138,090 | €1,142,960 | +€4,870 | +0.4% |
| Credit institutions | 430/8 | €1,138,090 | €1,142,960 | +€4,870 | +0.4% |
| Trade debts | 44 | €536 | €7,240 | +€6,704 | +1,251% |
| Suppliers | 440/4 | €536 | €7,240 | +€6,704 | +1,251% |
| Taxes, remuneration and social security | 45 | €24,209 | €62,486 | +€38,276 | +158% |
| Taxes | 450/3 | €24,209 | €62,486 | +€38,276 | +158% |
| Other amounts payable | 47/48 | €95,784 | €42,734 | -€53,050 | -55.4% |
| Accrued charges and deferred income | 492/3 | €3,985 | €3,985 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,237 | €2,329 | -€2,908 | -55.5% |
| Other operating charges | 640/8 | €116,670 | €100,679 | -€15,991 | -13.7% |
| Non-recurring operating charges | 66A | - | €10,193 | +€10,193 | |
| Gross operating margin | 9900 | €191,510 | €110,811 | -€80,699 | -42.1% |
| Operating profit (loss) | 9901 | €69,219 | -€2,390 | -€71,609 | |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €77,822 | €106,213 | +€28,391 | +36.5% |
| Recurring financial charges | 65 | €77,822 | €106,213 | +€28,391 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,603 | -€108,578 | -€99,975 | -1,162% |
| Income taxes | 67/77 | €32,145 | €16,000 | -€16,145 | -50.2% |
| Profit (loss) for the period | 9904 | -€40,748 | -€124,578 | -€83,830 | -206% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,748 | -€124,578 | -€83,830 | -206% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.