KUGLER CONSULTING: 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.
KUGLER CONSULTING
Largest movements
- Cash +€77,938
up €77,938 (+116%), from €67,175 to €145,113
mainly Net result for the year (+€47,603) and Receivables within one year (+€46,688)
- Receivables within one year -€46,688
down €46,688 (-51.0%), from €91,510 to €44,822
of which Trade receivables: -€43,203
- Other debts +€42,735
up €42,735 (+38.1%), from €112,198 to €154,933
- Tax, wage and social debts -€8,847
down €8,847 (-36.5%), from €24,270 to €15,423
- Gross operating margin -€1,280
down €1,280 (-2.1%), from €62,199 to €60,919
- Taxes -€974
down €974 (-7.3%), from €13,363 to €12,389
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 | €160,097 | €192,256 | +€32,159 | +20.1% |
| Fixed assets | 21/28 | €1,402 | €2,039 | +€637 | +45.5% |
| Tangible fixed assets | 22/27 | €1,402 | €2,039 | +€637 | +45.5% |
| Plant, machinery and equipment | 23 | €1,402 | €2,039 | +€637 | +45.5% |
| Current assets | 29/58 | €158,695 | €190,217 | +€31,522 | +19.9% |
| Amounts receivable within one year | 40/41 | €91,510 | €44,822 | -€46,688 | -51.0% |
| Trade receivables | 40 | €86,414 | €43,211 | -€43,203 | -50.0% |
| Other amounts receivable | 41 | €5,096 | €1,611 | -€3,485 | -68.4% |
| Cash at bank and in hand | 54/58 | €67,175 | €145,113 | +€77,938 | +116% |
| Deferred charges and accrued income | 490/1 | €10 | €282 | +€272 | +2,722% |
| Total equity and liabilities | 10/49 | €160,097 | €192,256 | +€32,159 | +20.1% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €139,637 | €171,796 | +€32,159 | +23.0% |
| Amounts payable within one year | 42/48 | €139,637 | €171,796 | +€32,159 | +23.0% |
| Trade debts | 44 | €3,169 | €1,440 | -€1,729 | -54.6% |
| Suppliers | 440/4 | €3,169 | €1,440 | -€1,729 | -54.6% |
| Taxes, remuneration and social security | 45 | €24,270 | €15,423 | -€8,847 | -36.5% |
| Taxes | 450/3 | €24,270 | €15,423 | -€8,847 | -36.5% |
| Other amounts payable | 47/48 | €112,198 | €154,933 | +€42,735 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €669 | €742 | +€72 | +10.8% |
| Gross operating margin | 9900 | €62,199 | €60,919 | -€1,280 | -2.1% |
| Operating profit (loss) | 9901 | €61,529 | €60,177 | -€1,352 | -2.2% |
| Financial charges | 65/66B | €235 | €186 | -€50 | -21.0% |
| Recurring financial charges | 65 | €235 | €186 | -€50 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €61,294 | €59,991 | -€1,302 | -2.1% |
| Income taxes | 67/77 | €13,363 | €12,389 | -€974 | -7.3% |
| Profit (loss) for the period | 9904 | €47,931 | €47,603 | -€328 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,931 | €47,603 | -€328 | -0.7% |
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.