KUDOS: 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.
KUDOS
Largest movements
- Receivables within one year -€6,722
down €6,722 (-24.9%), from €27,015 to €20,293
of which Trade receivables: -€11,937
- Other debts -€14,950
down €14,950 (-40.0%), from €37,342 to €22,392
- Reserves +€10,041
up €10,041 (+16.8%), from €59,602 to €69,643
of which Distributable reserves: +€10,041
- Tax, wage and social debts -€3,869
down €3,869 (-43.1%), from €8,980 to €5,110
of which Taxes: -€3,905
- Gross operating margin -€24,400
down €24,400 (-55.8%), from €43,758 to €19,358
- Taxes -€5,772
down €5,772 (-49.1%), from €11,757 to €5,984
- Depreciation +€838
up €838 (+39.3%), from €2,131 to €2,969
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 | €156,729 | €149,551 | -€7,178 | -4.6% |
| Fixed assets | 21/28 | €4,867 | €3,462 | -€1,405 | -28.9% |
| Tangible fixed assets | 22/27 | €4,367 | €2,962 | -€1,405 | -32.2% |
| Plant, machinery and equipment | 23 | €718 | €1,711 | +€993 | +138.2% |
| Furniture and vehicles | 24 | €3,649 | €1,251 | -€2,398 | -65.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €151,862 | €146,089 | -€5,773 | -3.8% |
| Amounts receivable within one year | 40/41 | €27,015 | €20,293 | -€6,722 | -24.9% |
| Trade receivables | 40 | €26,865 | €14,928 | -€11,937 | -44.4% |
| Other amounts receivable | 41 | €150 | €5,365 | +€5,215 | +3476.8% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €123,498 | €123,928 | +€430 | +0.3% |
| Deferred charges and accrued income | 490/1 | €1,099 | €1,619 | +€519 | +47.2% |
| Total equity and liabilities | 10/49 | €156,729 | €149,551 | -€7,178 | -4.6% |
| Equity | 10/15 | €107,634 | €117,675 | +€10,041 | +9.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €59,602 | €69,643 | +€10,041 | +16.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €56,602 | €66,643 | +€10,041 | +17.7% |
| Profit (loss) carried forward | 14 | €38,033 | €38,033 | = | 0.0% |
| Amounts payable | 17/49 | €49,095 | €31,876 | -€17,219 | -35.1% |
| Amounts payable within one year | 42/48 | €49,095 | €31,876 | -€17,219 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €2,367 | €3,041 | +€674 | +28.5% |
| Trade debts | 44 | €406 | €1,332 | +€926 | +228.1% |
| Suppliers | 440/4 | €406 | €1,332 | +€926 | +228.1% |
| Taxes, remuneration and social security | 45 | €8,980 | €5,110 | -€3,869 | -43.1% |
| Taxes | 450/3 | €5,152 | €1,247 | -€3,905 | -75.8% |
| Remuneration and social security | 454/9 | €3,828 | €3,864 | +€36 | +0.9% |
| Other amounts payable | 47/48 | €37,342 | €22,392 | -€14,950 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,131 | €2,969 | +€838 | +39.3% |
| Other operating charges | 640/8 | €738 | €807 | +€68 | +9.2% |
| Gross operating margin | 9900 | €43,758 | €19,358 | -€24,400 | -55.8% |
| Operating profit (loss) | 9901 | €40,888 | €15,582 | -€25,306 | -61.9% |
| Financial income | 75/76B | €973 | €749 | -€224 | -23.0% |
| Recurring financial income | 75 | €973 | €749 | -€224 | -23.0% |
| Financial charges | 65/66B | €222 | €306 | +€84 | +37.8% |
| Recurring financial charges | 65 | €222 | €306 | +€84 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €41,639 | €16,025 | -€25,614 | -61.5% |
| Income taxes | 67/77 | €11,757 | €5,984 | -€5,772 | -49.1% |
| Profit (loss) for the period | 9904 | €29,883 | €10,041 | -€19,842 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,883 | €10,041 | -€19,842 | -66.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.