Kufer Trading: 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.
Kufer Trading
Largest movements
- Stocks and contracts +€94,406
up €94,406 (+29.1%), from €324,633 to €419,039
- Receivables within one year -€31,608
down €31,608 (-51.4%), from €61,539 to €29,931
of which Trade receivables: -€16,725
- Cash -€24,267
down €24,267 (-46.7%), from €51,993 to €27,726
mainly Stocks and contracts (-€94,406) and Advances received (-€32,829)
- Tangible fixed assets -€14,671
down €14,671 (-27.1%), from €54,063 to €39,392
- Reserves +€37,749
up €37,749 (+33.9%), from €111,493 to €149,242
of which Distributable reserves: +€37,749
- Advances received -€32,829
down €32,829 (-100%), from €32,829 to €0
- Trade debts +€22,895
up €22,895 (+342%), from €6,697 to €29,592
- Debts after one year -€18,721
down €18,721 (-38.6%), from €48,466 to €29,744
- Tax, wage and social debts +€15,606
up €15,606 (+54.8%), from €28,501 to €44,107
- Gross operating margin +€36,149
up €36,149 (+36.7%), from €98,412 to €134,561
- Write-downs +€17,725
new in 2025: €17,725
- Other operating charges +€15,976
up €15,976 (+1,085%), from €1,473 to €17,449
- Financial charges +€8,152
up €8,152 (+48.2%), from €16,914 to €25,067
- Taxes +€1,489
up €1,489 (+7.1%), from €20,852 to €22,341
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 | €575,230 | €599,117 | +€23,887 | +4.2% |
| Fixed assets | 21/28 | €85,113 | €70,442 | -€14,671 | -17.2% |
| Tangible fixed assets | 22/27 | €54,063 | €39,392 | -€14,671 | -27.1% |
| Furniture and vehicles | 24 | €54,063 | €39,392 | -€14,671 | -27.1% |
| Financial fixed assets | 28 | €31,050 | €31,050 | = | 0.0% |
| Current assets | 29/58 | €490,117 | €528,675 | +€38,558 | +7.9% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €324,633 | €419,039 | +€94,406 | +29.1% |
| Stocks | 30/36 | €324,633 | €419,039 | +€94,406 | +29.1% |
| Amounts receivable within one year | 40/41 | €61,539 | €29,931 | -€31,608 | -51.4% |
| Trade receivables | 40 | €46,039 | €29,315 | -€16,725 | -36.3% |
| Other amounts receivable | 41 | €15,500 | €617 | -€14,883 | -96.0% |
| Cash at bank and in hand | 54/58 | €51,993 | €27,726 | -€24,267 | -46.7% |
| Deferred charges and accrued income | 490/1 | €1,950 | €1,978 | +€28 | +1.4% |
| Total equity and liabilities | 10/49 | €575,230 | €599,117 | +€23,887 | +4.2% |
| Equity | 10/15 | €130,093 | €167,842 | +€37,749 | +29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,493 | €149,242 | +€37,749 | +33.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €109,633 | €147,382 | +€37,749 | +34.4% |
| Amounts payable | 17/49 | €445,136 | €431,275 | -€13,862 | -3.1% |
| Amounts payable after more than one year | 17 | €48,466 | €29,744 | -€18,721 | -38.6% |
| Financial debts | 170/4 | €48,466 | €29,744 | -€18,721 | -38.6% |
| Amounts payable within one year | 42/48 | €394,871 | €399,730 | +€4,860 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €9,923 | €10,421 | +€498 | +5.0% |
| Financial debts | 43 | €312,000 | €312,000 | = | 0.0% |
| Credit institutions | 430/8 | €312,000 | €312,000 | = | 0.0% |
| Trade debts | 44 | €6,697 | €29,592 | +€22,895 | +342% |
| Suppliers | 440/4 | €6,697 | €29,592 | +€22,895 | +342% |
| Advances received on contracts in progress | 46 | €32,829 | €0 | -€32,829 | -100% |
| Taxes, remuneration and social security | 45 | €28,501 | €44,107 | +€15,606 | +54.8% |
| Taxes | 450/3 | €28,501 | €44,107 | +€15,606 | +54.8% |
| Other amounts payable | 47/48 | €4,921 | €3,610 | -€1,310 | -26.6% |
| Accrued charges and deferred income | 492/3 | €1,800 | €1,800 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,671 | €14,671 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,725 | +€17,725 | |
| Other operating charges | 640/8 | €1,473 | €17,449 | +€15,976 | +1,085% |
| Gross operating margin | 9900 | €98,412 | €134,561 | +€36,149 | +36.7% |
| Operating profit (loss) | 9901 | €82,268 | €84,716 | +€2,448 | +3.0% |
| Financial income | 75/76B | €0 | €440 | +€440 | |
| Recurring financial income | 75 | €0 | €440 | +€440 | |
| Financial charges | 65/66B | €16,914 | €25,067 | +€8,152 | +48.2% |
| Recurring financial charges | 65 | €16,914 | €25,067 | +€8,152 | +48.2% |
| Profit (loss) for the period before taxes | 9903 | €65,354 | €60,090 | -€5,264 | -8.1% |
| Income taxes | 67/77 | €20,852 | €22,341 | +€1,489 | +7.1% |
| Profit (loss) for the period | 9904 | €44,502 | €37,749 | -€6,753 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,502 | €37,749 | -€6,753 | -15.2% |
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 23 October 2026 via checked.be.