KULAPRO: what changed
What changed
KULAPRO
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€9,872
2024 · €13,308-€3,436
Equity
€809,819
2024 · €800,112+€9,707
Cash
€200,469
2024 · €4,834+€195,635
Balance sheet total
€1.9m
2024 · €2.1m-€168,977
Largest movements
Assets
- Receivables within one year -€251,726
down €251,726 (-29.9%), from €841,964 to €590,238
of which Other amounts receivable: -€237,999
- Cash +€195,635
up €195,635 (+4,047%), from €4,834 to €200,469
mainly Receivables within one year (+€251,726) and Depreciation (+€154,802)
- Stocks and contracts -€60,470
down €60,470 (-9.4%), from €641,360 to €580,890
- Tangible fixed assets -€56,433
down €56,433 (-10.0%), from €562,352 to €505,919
of which Land and buildings: -€71,623
Equity and liabilities
- Other debts -€234,199
down €234,199 (-69.6%), from €336,337 to €102,138
- Current portion of long-term debt +€49,330
up €49,330 (+61.4%), from €80,357 to €129,687
Income statement
- Turnover +€2.7m
new in 2025: €2.7m
- Purchases and services +€1.0m
up €1.0m (+78.6%), from €1.3m to €2.4m
- Gross operating margin +€45,070
up €45,070 (+14.8%), from €303,825 to €348,895
- Staff costs +€32,142
up €32,142 (+35.9%), from €89,656 to €121,798
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
€13,308
Gross operating margin
+€45,070
Staff costs
-€32,142
Depreciation
+€23,073
Other operating charges
-€16,594
Other operating items
-€18
Financial income
-€3,130
Financial charges
-€10,151
Taxes
-€12,207
Deferred taxes and other
+€2,663
Result 2025
€9,872
raises the resultlowers the resultnot broken down further in the accounts
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
+€261,854
Investment
-€102,386
Financing
+€36,167
Cash 2024
€4,834
From operations (derived)
+€261,854
Net result for the year
+€9,872
Depreciation
+€154,802
Stocks and contracts
+€60,470
Receivables within one year
+€251,726
Provisions
-€4,371
Trade debts
+€19,717
Tax, wage and social debts
+€3,837
Other debts
-€234,199
Investment (derived)
-€102,386
Investment in fixed assets (net)
-€102,386
Financing
+€36,167
Debts after one year
-€12,998
Current portion of long-term debt
+€49,330
Contributions, distributions and other
-€165
Cash 2025
€200,469
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,054,091 | €1,885,114 | -€168,977 | -8.2% |
| Fixed assets | 21/28 | €565,933 | €513,517 | -€52,416 | -9.3% |
| Tangible fixed assets | 22/27 | €562,352 | €505,919 | -€56,433 | -10.0% |
| Land and buildings | 22 | €443,910 | €372,287 | -€71,623 | -16.1% |
| Plant, machinery and equipment | 23 | €118,324 | €133,632 | +€15,308 | +12.9% |
| Furniture and vehicles | 24 | €118 | - | -€118 | |
| Financial fixed assets | 28 | €3,581 | €7,598 | +€4,017 | +112% |
| Current assets | 29/58 | €1,488,158 | €1,371,597 | -€116,561 | -7.8% |
| Stocks and contracts in progress | 3 | €641,360 | €580,890 | -€60,470 | -9.4% |
| Stocks | 30/36 | €641,360 | €580,890 | -€60,470 | -9.4% |
| Amounts receivable within one year | 40/41 | €841,964 | €590,238 | -€251,726 | -29.9% |
| Trade receivables | 40 | €496,937 | €483,210 | -€13,727 | -2.8% |
| Other amounts receivable | 41 | €345,027 | €107,028 | -€237,999 | -69.0% |
| Cash at bank and in hand | 54/58 | €4,834 | €200,469 | +€195,635 | +4,047% |
| Total equity and liabilities | 10/49 | €2,054,091 | €1,885,114 | -€168,977 | -8.2% |
| Equity | 10/15 | €800,112 | €809,819 | +€9,707 | +1.2% |
| Contributions | 10/11 | €438,156 | €438,156 | = | 0.0% |
| Capital | 10 | €438,156 | €438,156 | = | 0.0% |
| Issued capital | 100 | €438,156 | €438,156 | = | 0.0% |
| Reserves | 13 | €361,792 | €371,663 | +€9,871 | +2.7% |
| Non-distributable reserves | 130/1 | €34,783 | €35,277 | +€494 | +1.4% |
| Legal reserve | 130 | €34,783 | €35,277 | +€494 | +1.4% |
| Tax-exempt reserves | 132 | €17,900 | €17,900 | = | 0.0% |
| Distributable reserves | 133 | €309,109 | €318,486 | +€9,377 | +3.0% |
| Investment grants | 15 | €164 | - | -€164 | |
| Provisions and deferred taxes | 16 | €4,371 | - | -€4,371 | |
| Deferred taxes | 168 | €4,371 | - | -€4,371 | |
| Amounts payable | 17/49 | €1,249,608 | €1,075,295 | -€174,313 | -13.9% |
| Amounts payable after more than one year | 17 | €556,261 | €543,263 | -€12,998 | -2.3% |
| Financial debts | 170/4 | €556,261 | €543,263 | -€12,998 | -2.3% |
| Amounts payable within one year | 42/48 | €693,347 | €532,032 | -€161,315 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €80,357 | €129,687 | +€49,330 | +61.4% |
| Trade debts | 44 | €268,908 | €288,625 | +€19,717 | +7.3% |
| Suppliers | 440/4 | €268,908 | €288,625 | +€19,717 | +7.3% |
| Taxes, remuneration and social security | 45 | €7,745 | €11,582 | +€3,837 | +49.5% |
| Taxes | 450/3 | €1,628 | €2,105 | +€477 | +29.3% |
| Remuneration and social security | 454/9 | €6,117 | €9,477 | +€3,360 | +54.9% |
| Other amounts payable | 47/48 | €336,337 | €102,138 | -€234,199 | -69.6% |
| Turnover | 70 | - | €2,727,700 | +€2.7m | |
| Non-recurring operating income | 76A | €535 | - | -€535 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,332,030 | €2,378,805 | +€1.0m | +78.6% |
| Remuneration, social security and pensions | 62 | €89,656 | €121,798 | +€32,142 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €177,875 | €154,802 | -€23,073 | -13.0% |
| Other operating charges | 640/8 | €9,397 | €25,991 | +€16,594 | +177% |
| Non-recurring operating charges | 66A | €172 | €190 | +€18 | +10.5% |
| Gross operating margin | 9900 | €303,825 | €348,895 | +€45,070 | +14.8% |
| Operating profit (loss) | 9901 | €26,725 | €46,114 | +€19,389 | +72.6% |
| Financial income | 75/76B | €3,316 | €186 | -€3,130 | -94.4% |
| Recurring financial income | 75 | €3,316 | €186 | -€3,130 | -94.4% |
| Financial charges | 65/66B | €16,112 | €26,263 | +€10,151 | +63.0% |
| Recurring financial charges | 65 | €16,112 | €26,263 | +€10,151 | +63.0% |
| Profit (loss) for the period before taxes | 9903 | €13,929 | €20,037 | +€6,108 | +43.9% |
| Transfer from deferred taxes | 780 | €1,708 | €4,371 | +€2,663 | +156% |
| Income taxes | 67/77 | €2,329 | €14,536 | +€12,207 | +524% |
| Profit (loss) for the period | 9904 | €13,308 | €9,872 | -€3,436 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,308 | €9,872 | -€3,436 | -25.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.