KUDOZ: 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.
KUDOZ
Largest movements
- Receivables within one year +€38,304
up €38,304 (+245.2%), from €15,622 to €53,925
- Intangible fixed assets -€22,846
down €22,846 (-33.8%), from €67,550 to €44,704
- Deferred charges and accrued income +€5,083
up €5,083 (+427.9%), from €1,188 to €6,270
- Other debts -€49,617
down €49,617 (-96.7%), from €51,330 to €1,712
- Tax, wage and social debts +€38,414
up €38,414 (+420.5%), from €9,135 to €47,549
- Profit (loss) carried forward +€33,787
up €33,787, from -€33,787 to €0
- Trade debts -€2,516
down €2,516 (-35.9%), from €7,007 to €4,491
- Gross operating margin +€120,331
up €120,331 (+341.1%), from €35,274 to €155,606
- Taxes +€31,466
up €31,466 (+534.2%), from €5,890 to €37,356
- Depreciation +€2,086
up €2,086 (+9.2%), from €22,593 to €24,679
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 | €100,006 | €120,210 | +€20,204 | +20.2% |
| Fixed assets | 21/28 | €75,925 | €52,734 | -€23,192 | -30.5% |
| Intangible fixed assets | 21 | €67,550 | €44,704 | -€22,846 | -33.8% |
| Tangible fixed assets | 22/27 | €8,375 | €8,030 | -€345 | -4.1% |
| Furniture and vehicles | 24 | - | €1,071 | +€1,071 | |
| Other tangible fixed assets | 26 | €8,375 | €6,959 | -€1,416 | -16.9% |
| Current assets | 29/58 | €24,081 | €67,476 | +€43,396 | +180.2% |
| Amounts receivable within one year | 40/41 | €15,622 | €53,925 | +€38,304 | +245.2% |
| Trade receivables | 40 | €15,622 | €53,925 | +€38,304 | +245.2% |
| Cash at bank and in hand | 54/58 | €7,271 | €7,281 | +€9 | +0.1% |
| Deferred charges and accrued income | 490/1 | €1,188 | €6,270 | +€5,083 | +427.9% |
| Total equity and liabilities | 10/49 | €100,006 | €120,210 | +€20,204 | +20.2% |
| Equity | 10/15 | €32,118 | €66,300 | +€34,181 | +106.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €53,505 | €53,900 | +€394 | +0.7% |
| Distributable reserves | 133 | €53,505 | €53,900 | +€394 | +0.7% |
| Profit (loss) carried forward | 14 | -€33,787 | €0 | +€33,787 | |
| Amounts payable | 17/49 | €67,888 | €53,911 | -€13,977 | -20.6% |
| Amounts payable within one year | 42/48 | €67,471 | €53,752 | -€13,719 | -20.3% |
| Trade debts | 44 | €7,007 | €4,491 | -€2,516 | -35.9% |
| Suppliers | 440/4 | €7,007 | €4,491 | -€2,516 | -35.9% |
| Taxes, remuneration and social security | 45 | €9,135 | €47,549 | +€38,414 | +420.5% |
| Taxes | 450/3 | €9,135 | €47,549 | +€38,414 | +420.5% |
| Other amounts payable | 47/48 | €51,330 | €1,712 | -€49,617 | -96.7% |
| Accrued charges and deferred income | 492/3 | €416 | €158 | -€258 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,593 | €24,679 | +€2,086 | +9.2% |
| Other operating charges | 640/8 | €1,567 | €1,562 | -€5 | -0.3% |
| Non-recurring operating charges | 66A | - | €308 | +€308 | |
| Gross operating margin | 9900 | €35,274 | €155,606 | +€120,331 | +341.1% |
| Operating profit (loss) | 9901 | €11,114 | €129,057 | +€117,943 | +1061.2% |
| Financial income | 75/76B | €12 | €0 | -€12 | -100.0% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100.0% |
| Financial charges | 65/66B | €2,959 | €4,015 | +€1,056 | +35.7% |
| Recurring financial charges | 65 | €2,959 | €4,015 | +€1,056 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €8,167 | €125,042 | +€116,875 | +1431.0% |
| Income taxes | 67/77 | €5,890 | €37,356 | +€31,466 | +534.2% |
| Profit (loss) for the period | 9904 | €2,277 | €87,686 | +€85,409 | +3750.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,277 | €87,686 | +€85,409 | +3750.2% |
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 11 October 2026 via checked.be.