KUCOTA: 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.
KUCOTA
Largest movements
- Receivables after one year +€101,498
up €101,498 (+203%), from €50,000 to €151,498
- Cash +€59,643
up €59,643 (+42.1%), from €141,789 to €201,432
mainly Net result for the year (+€133,536) and Tax, wage and social debts (+€18,450)
- Receivables within one year -€6,481
down €6,481 (-59.3%), from €10,928 to €4,447
of which Trade receivables: -€6,551
- Tangible fixed assets -€4,302
down €4,302 (-42.8%), from €10,058 to €5,756
- Profit (loss) carried forward +€133,536
up €133,536 (+87.8%), from €152,014 to €285,550
- Tax, wage and social debts +€18,450
up €18,450 (+32.7%), from €56,437 to €74,887
of which Taxes: +€18,450
- Gross operating margin -€25,158
down €25,158 (-12.4%), from €203,682 to €178,524
- Taxes -€7,574
down €7,574 (-15.9%), from €47,638 to €40,064
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 | €212,775 | €363,133 | +€150,358 | +70.7% |
| Fixed assets | 21/28 | €10,058 | €5,756 | -€4,302 | -42.8% |
| Tangible fixed assets | 22/27 | €10,058 | €5,756 | -€4,302 | -42.8% |
| Furniture and vehicles | 24 | €10,058 | €5,756 | -€4,302 | -42.8% |
| Current assets | 29/58 | €202,717 | €357,376 | +€154,659 | +76.3% |
| Amounts receivable after more than one year | 29 | €50,000 | €151,498 | +€101,498 | +203% |
| Other amounts receivable | 291 | €50,000 | €151,498 | +€101,498 | +203% |
| Amounts receivable within one year | 40/41 | €10,928 | €4,447 | -€6,481 | -59.3% |
| Trade receivables | 40 | €10,928 | €4,377 | -€6,551 | -59.9% |
| Other amounts receivable | 41 | - | €69 | +€69 | |
| Cash at bank and in hand | 54/58 | €141,789 | €201,432 | +€59,643 | +42.1% |
| Total equity and liabilities | 10/49 | €212,775 | €363,133 | +€150,358 | +70.7% |
| Equity | 10/15 | €153,514 | €287,050 | +€133,536 | +87.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,014 | €285,550 | +€133,536 | +87.8% |
| Amounts payable | 17/49 | €59,261 | €76,082 | +€16,822 | +28.4% |
| Amounts payable within one year | 42/48 | €58,946 | €76,082 | +€17,137 | +29.1% |
| Trade debts | 44 | €2,113 | €838 | -€1,274 | -60.3% |
| Suppliers | 440/4 | €2,113 | €838 | -€1,274 | -60.3% |
| Taxes, remuneration and social security | 45 | €56,437 | €74,887 | +€18,450 | +32.7% |
| Taxes | 450/3 | €55,237 | €73,687 | +€18,450 | +33.4% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €396 | €357 | -€39 | -9.9% |
| Accrued charges and deferred income | 492/3 | €315 | €0 | -€315 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,843 | €4,302 | +€1,459 | +51.3% |
| Other operating charges | 640/8 | €937 | €462 | -€475 | -50.7% |
| Gross operating margin | 9900 | €203,682 | €178,524 | -€25,158 | -12.4% |
| Operating profit (loss) | 9901 | €199,902 | €173,760 | -€26,142 | -13.1% |
| Financial income | 75/76B | €5 | €7 | +€2 | +38.1% |
| Recurring financial income | 75 | €5 | €7 | +€2 | +38.1% |
| Financial charges | 65/66B | €255 | €167 | -€88 | -34.4% |
| Recurring financial charges | 65 | €255 | €167 | -€88 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €199,653 | €173,600 | -€26,052 | -13.0% |
| Income taxes | 67/77 | €47,638 | €40,064 | -€7,574 | -15.9% |
| Profit (loss) for the period | 9904 | €152,014 | €133,536 | -€18,478 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €152,014 | €133,536 | -€18,478 | -12.2% |
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 19 October 2026 via checked.be.