KUENZA: 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.
KUENZA
Largest movements
- Cash -€36,160
down €36,160 (-44.7%), from €80,930 to €44,770
mainly Net result for the year (-€27,703) and Receivables within one year (-€16,745)
- Receivables within one year +€16,745
up €16,745 (+48.9%), from €34,218 to €50,963
of which Other amounts receivable: +€27,337
- Profit (loss) carried forward -€27,703
down €27,703 (-27.4%), from €101,220 to €73,517
- Trade debts +€3,782
up €3,782 (+131%), from €2,892 to €6,674
- Tax, wage and social debts +€3,615
up €3,615, from €0 to €3,615
- Gross operating margin -€70,290
down €70,290, from €46,669 to -€23,622
- Taxes -€9,991
down €9,991 (-98.6%), from €10,137 to €146
- Financial charges +€2,160
up €2,160 (+249%), from €868 to €3,028
- Financial income +€467
up €467 (+486%), from €96 to €563
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 | €124,572 | €104,266 | -€20,306 | -16.3% |
| Fixed assets | 21/28 | €9,423 | €8,533 | -€890 | -9.4% |
| Tangible fixed assets | 22/27 | €1,623 | €733 | -€890 | -54.8% |
| Furniture and vehicles | 24 | €1,623 | €733 | -€890 | -54.8% |
| Financial fixed assets | 28 | €7,800 | €7,800 | = | 0.0% |
| Current assets | 29/58 | €115,149 | €95,733 | -€19,416 | -16.9% |
| Amounts receivable within one year | 40/41 | €34,218 | €50,963 | +€16,745 | +48.9% |
| Trade receivables | 40 | €22,621 | €12,029 | -€10,592 | -46.8% |
| Other amounts receivable | 41 | €11,598 | €38,934 | +€27,337 | +236% |
| Cash at bank and in hand | 54/58 | €80,930 | €44,770 | -€36,160 | -44.7% |
| Total equity and liabilities | 10/49 | €124,572 | €104,266 | -€20,306 | -16.3% |
| Equity | 10/15 | €121,680 | €93,977 | -€27,703 | -22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,220 | €73,517 | -€27,703 | -27.4% |
| Amounts payable | 17/49 | €2,892 | €10,289 | +€7,398 | +256% |
| Amounts payable within one year | 42/48 | €2,892 | €10,289 | +€7,398 | +256% |
| Trade debts | 44 | €2,892 | €6,674 | +€3,782 | +131% |
| Suppliers | 440/4 | €2,892 | €6,674 | +€3,782 | +131% |
| Taxes, remuneration and social security | 45 | €0 | €3,615 | +€3,615 | |
| Taxes | 450/3 | €0 | €3,615 | +€3,615 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €890 | €890 | = | 0.0% |
| Other operating charges | 640/8 | €602 | €581 | -€21 | -3.4% |
| Gross operating margin | 9900 | €46,669 | -€23,622 | -€70,290 | |
| Operating profit (loss) | 9901 | €45,177 | -€25,093 | -€70,270 | |
| Financial income | 75/76B | €96 | €563 | +€467 | +486% |
| Recurring financial income | 75 | €96 | €563 | +€467 | +486% |
| Financial charges | 65/66B | €868 | €3,028 | +€2,160 | +249% |
| Recurring financial charges | 65 | €868 | €3,028 | +€2,160 | +249% |
| Profit (loss) for the period before taxes | 9903 | €44,405 | -€27,557 | -€71,962 | |
| Income taxes | 67/77 | €10,137 | €146 | -€9,991 | -98.6% |
| Profit (loss) for the period | 9904 | €34,268 | -€27,703 | -€61,972 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,268 | -€27,703 | -€61,972 |
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 29 October 2026 via checked.be.