KUK-Benelux: what changed
What changed
KUK-Benelux
NACE 46.851, Wholesale of industrial chemicals
filed annual accounts (NBB)
Net result for the year
€1.6m
2024 · €1.5m+€119,236
Equity
€2.7m
2024 · €2.6m+€45,278
Cash
€1.6m
2024 · €1.7m-€145,449
Balance sheet total
€4.0m
2024 · €4.0m-€16,674
Largest movements
Assets
- Stocks and contracts +€223,766
up €223,766 (+22.6%), from €990,931 to €1.2m
- Cash -€145,449
down €145,449 (-8.5%), from €1.7m to €1.6m
mainly Contributions, distributions and other (-€1.6m) and Stocks and contracts (-€223,766)
- Receivables within one year -€64,317
down €64,317 (-5.4%), from €1.2m to €1.1m
of which Other amounts receivable: -€44,763
Equity and liabilities
- Tax, wage and social debts -€67,073
down €67,073 (-14.8%), from €453,600 to €386,527
of which Remuneration and social security: -€45,762
- Reserves +€45,278
up €45,278 (+1.8%), from €2.6m to €2.6m
of which Tax-exempt reserves: +€210,500
Income statement
- Gross operating margin +€452,398
up €452,398 (+17.3%), from €2.6m to €3.1m
- Staff costs +€230,681
up €230,681 (+42.8%), from €538,598 to €769,279
- Taxes +€102,358
up €102,358 (+19.5%), from €525,501 to €627,859
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.5m
Gross operating margin
+€452,398
Staff costs
-€230,681
Depreciation
-€7,447
Other operating charges
+€1,373
Financial income
+€6,715
Financial charges
-€763
Taxes
-€102,358
Result 2025
€1.6m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.5m
Investment
€0
Financing
-€1.6m
Cash 2024
€1.7m
From operations (derived)
+€1.5m
Net result for the year
+€1.6m
Depreciation
+€38,163
Stocks and contracts
-€223,766
Receivables within one year
+€64,317
Deferred charges and accrued income
-€7,488
Trade debts
+€5,108
Tax, wage and social debts
-€67,073
Accrued charges and deferred income
+€12
Financing
-€1.6m
Contributions, distributions and other
-€1.6m
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,025,521 | €4,008,846 | -€16,674 | -0.4% |
| Fixed assets | 21/28 | €137,015 | €98,852 | -€38,163 | -27.9% |
| Intangible fixed assets | 21 | €50,000 | €45,288 | -€4,712 | -9.4% |
| Tangible fixed assets | 22/27 | €80,930 | €47,479 | -€33,451 | -41.3% |
| Plant, machinery and equipment | 23 | €6,188 | €2,802 | -€3,386 | -54.7% |
| Furniture and vehicles | 24 | €74,742 | €44,678 | -€30,064 | -40.2% |
| Financial fixed assets | 28 | €6,085 | €6,085 | = | 0.0% |
| Current assets | 29/58 | €3,888,505 | €3,909,994 | +€21,489 | +0.6% |
| Stocks and contracts in progress | 3 | €990,931 | €1,214,697 | +€223,766 | +22.6% |
| Stocks | 30/36 | €990,931 | €1,214,697 | +€223,766 | +22.6% |
| Amounts receivable within one year | 40/41 | €1,186,573 | €1,122,255 | -€64,317 | -5.4% |
| Trade receivables | 40 | €1,074,913 | €1,055,359 | -€19,555 | -1.8% |
| Other amounts receivable | 41 | €111,660 | €66,897 | -€44,763 | -40.1% |
| Cash at bank and in hand | 54/58 | €1,705,166 | €1,559,718 | -€145,449 | -8.5% |
| Deferred charges and accrued income | 490/1 | €5,835 | €13,324 | +€7,488 | +128% |
| Total equity and liabilities | 10/49 | €4,025,521 | €4,008,846 | -€16,674 | -0.4% |
| Equity | 10/15 | €2,629,657 | €2,674,935 | +€45,278 | +1.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €2,579,657 | €2,624,935 | +€45,278 | +1.8% |
| Tax-exempt reserves | 132 | - | €210,500 | +€210,500 | |
| Distributable reserves | 133 | €2,579,657 | €2,414,435 | -€165,222 | -6.4% |
| Amounts payable | 17/49 | €1,395,864 | €1,333,911 | -€61,953 | -4.4% |
| Amounts payable within one year | 42/48 | €1,395,864 | €1,333,899 | -€61,964 | -4.4% |
| Trade debts | 44 | €940,584 | €945,692 | +€5,108 | +0.5% |
| Suppliers | 440/4 | €940,584 | €945,692 | +€5,108 | +0.5% |
| Taxes, remuneration and social security | 45 | €453,600 | €386,527 | -€67,073 | -14.8% |
| Taxes | 450/3 | €39,374 | €18,063 | -€21,311 | -54.1% |
| Remuneration and social security | 454/9 | €414,226 | €368,465 | -€45,762 | -11.0% |
| Other amounts payable | 47/48 | €1,680 | €1,680 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Remuneration, social security and pensions | 62 | €538,598 | €769,279 | +€230,681 | +42.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,717 | €38,163 | +€7,447 | +24.2% |
| Other operating charges | 640/8 | €2,978 | €1,605 | -€1,373 | -46.1% |
| Gross operating margin | 9900 | €2,614,940 | €3,067,338 | +€452,398 | +17.3% |
| Operating profit (loss) | 9901 | €2,042,648 | €2,258,291 | +€215,643 | +10.6% |
| Financial income | 75/76B | €9,943 | €16,658 | +€6,715 | +67.5% |
| Recurring financial income | 75 | €9,943 | €16,658 | +€6,715 | +67.5% |
| Financial charges | 65/66B | €1,047 | €1,811 | +€763 | +72.9% |
| Recurring financial charges | 65 | €1,047 | €1,811 | +€763 | +72.9% |
| Profit (loss) for the period before taxes | 9903 | €2,051,543 | €2,273,138 | +€221,594 | +10.8% |
| Income taxes | 67/77 | €525,501 | €627,859 | +€102,358 | +19.5% |
| Profit (loss) for the period | 9904 | €1,526,042 | €1,645,278 | +€119,236 | +7.8% |
| Transfer to tax-exempt reserves | 689 | - | €210,500 | +€210,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,526,042 | €1,434,778 | -€91,264 | -6.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.