KUDU LODGE: 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.
KUDU LODGE
Largest movements
- Tangible fixed assets -€7,026
down €7,026 (-42.4%), from €16,555 to €9,529
of which Furniture and vehicles: -€3,979
- Cash +€2,978
up €2,978 (+3.1%), from €96,531 to €99,509
mainly Net result for the year (+€43,960) and Depreciation (+€7,026)
- Other debts -€46,966
down €46,966 (-58.7%), from €80,000 to €33,035
- Profit (loss) carried forward +€43,960
up €43,960 (+281%), from €15,668 to €59,628
- Contributions +€3,600
up €3,600 (+22.0%), from €16,400 to €20,000
- Trade debts -€3,532
down €3,532 (-28.6%), from €12,364 to €8,832
- Current portion of long-term debt -€1,945
down €1,945 (-76.7%), from €2,535 to €590
- Taxes +€2,927
up €2,927 (+22.8%), from €12,827 to €15,754
- Gross operating margin -€1,592
down €1,592 (-2.3%), from €68,744 to €67,152
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 | €135,313 | €130,246 | -€5,067 | -3.7% |
| Fixed assets | 21/28 | €20,155 | €13,129 | -€7,026 | -34.9% |
| Tangible fixed assets | 22/27 | €16,555 | €9,529 | -€7,026 | -42.4% |
| Plant, machinery and equipment | 23 | €1,919 | €275 | -€1,644 | -85.7% |
| Furniture and vehicles | 24 | €7,762 | €3,784 | -€3,979 | -51.3% |
| Other tangible fixed assets | 26 | €6,873 | €5,470 | -€1,403 | -20.4% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €115,158 | €117,118 | +€1,960 | +1.7% |
| Stocks and contracts in progress | 3 | €7,078 | €6,533 | -€545 | -7.7% |
| Stocks | 30/36 | €7,078 | €6,533 | -€545 | -7.7% |
| Amounts receivable within one year | 40/41 | €10,970 | €10,447 | -€523 | -4.8% |
| Trade receivables | 40 | €4,297 | €8,701 | +€4,404 | +102% |
| Other amounts receivable | 41 | €6,672 | €1,746 | -€4,926 | -73.8% |
| Cash at bank and in hand | 54/58 | €96,531 | €99,509 | +€2,978 | +3.1% |
| Deferred charges and accrued income | 490/1 | €580 | €629 | +€50 | +8.5% |
| Total equity and liabilities | 10/49 | €135,313 | €130,246 | -€5,067 | -3.7% |
| Equity | 10/15 | €32,068 | €79,628 | +€47,560 | +148% |
| Contributions | 10/11 | €16,400 | €20,000 | +€3,600 | +22.0% |
| Profit (loss) carried forward | 14 | €15,668 | €59,628 | +€43,960 | +281% |
| Amounts payable | 17/49 | €103,245 | €50,618 | -€52,627 | -51.0% |
| Amounts payable after more than one year | 17 | €394 | €0 | -€394 | -100% |
| Financial debts | 170/4 | €394 | €0 | -€394 | -100% |
| Amounts payable within one year | 42/48 | €102,851 | €50,618 | -€52,233 | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €2,535 | €590 | -€1,945 | -76.7% |
| Trade debts | 44 | €12,364 | €8,832 | -€3,532 | -28.6% |
| Suppliers | 440/4 | €12,364 | €8,832 | -€3,532 | -28.6% |
| Taxes, remuneration and social security | 45 | €7,951 | €8,161 | +€210 | +2.6% |
| Taxes | 450/3 | €7,951 | €8,161 | +€210 | +2.6% |
| Other amounts payable | 47/48 | €80,000 | €33,035 | -€46,966 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,886 | €7,026 | +€140 | +2.0% |
| Other operating charges | 640/8 | €402 | €412 | +€11 | +2.6% |
| Gross operating margin | 9900 | €68,744 | €67,152 | -€1,592 | -2.3% |
| Operating profit (loss) | 9901 | €61,456 | €59,713 | -€1,743 | -2.8% |
| Financial income | 75/76B | €479 | €290 | -€190 | -39.6% |
| Recurring financial income | 75 | €479 | €290 | -€190 | -39.6% |
| Financial charges | 65/66B | €696 | €289 | -€407 | -58.5% |
| Recurring financial charges | 65 | €696 | €289 | -€407 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €61,240 | €59,714 | -€1,526 | -2.5% |
| Income taxes | 67/77 | €12,827 | €15,754 | +€2,927 | +22.8% |
| Profit (loss) for the period | 9904 | €48,412 | €43,960 | -€4,452 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,412 | €43,960 | -€4,452 | -9.2% |
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 24 October 2026 via checked.be.