KULKA: 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.
KULKA
Largest movements
- Cash +€54,478
up €54,478 (+165%), from €33,019 to €87,497
mainly Net result for the year (+€34,274) and Other debts (+€12,836)
- Receivables within one year +€3,763
up €3,763 (+55.1%), from €6,829 to €10,592
- Reserves +€33,524
up €33,524 (+173%), from €19,350 to €52,874
- Other debts +€12,836
up €12,836 (+971%), from €1,321 to €14,158
- Accrued charges and deferred income +€7,204
up €7,204 (+106%), from €6,798 to €14,002
- Tax, wage and social debts +€3,973
up €3,973 (+31.8%), from €12,503 to €16,476
- Gross operating margin +€18,828
up €18,828 (+72.1%), from €26,118 to €44,947
- Taxes +€3,714
up €3,714 (+68.1%), from €5,457 to €9,171
- Financial charges +€524
up €524 (+4,658%), from €11 to €535
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 | €41,605 | €99,059 | +€57,454 | +138% |
| Fixed assets | 21/28 | €1,537 | €970 | -€567 | -36.9% |
| Tangible fixed assets | 22/27 | €1,537 | €970 | -€567 | -36.9% |
| Plant, machinery and equipment | 23 | €1,537 | €970 | -€567 | -36.9% |
| Current assets | 29/58 | €40,068 | €98,089 | +€58,020 | +145% |
| Amounts receivable within one year | 40/41 | €6,829 | €10,592 | +€3,763 | +55.1% |
| Trade receivables | 40 | €6,829 | €10,592 | +€3,763 | +55.1% |
| Cash at bank and in hand | 54/58 | €33,019 | €87,497 | +€54,478 | +165% |
| Deferred charges and accrued income | 490/1 | €221 | - | -€221 | |
| Total equity and liabilities | 10/49 | €41,605 | €99,059 | +€57,454 | +138% |
| Equity | 10/15 | €20,850 | €54,374 | +€33,524 | +161% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €19,350 | €52,874 | +€33,524 | +173% |
| Distributable reserves | 133 | €19,350 | €52,874 | +€33,524 | +173% |
| Amounts payable | 17/49 | €20,755 | €44,685 | +€23,929 | +115% |
| Amounts payable within one year | 42/48 | €13,957 | €30,683 | +€16,726 | +120% |
| Trade debts | 44 | €133 | €50 | -€83 | -62.5% |
| Suppliers | 440/4 | €133 | €50 | -€83 | -62.5% |
| Taxes, remuneration and social security | 45 | €12,503 | €16,476 | +€3,973 | +31.8% |
| Taxes | 450/3 | €12,503 | €16,476 | +€3,973 | +31.8% |
| Other amounts payable | 47/48 | €1,321 | €14,158 | +€12,836 | +971% |
| Accrued charges and deferred income | 492/3 | €6,798 | €14,002 | +€7,204 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163 | €567 | +€404 | +248% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €26,118 | €44,947 | +€18,828 | +72.1% |
| Operating profit (loss) | 9901 | €25,568 | €43,980 | +€18,412 | +72.0% |
| Financial charges | 65/66B | €11 | €535 | +€524 | +4,658% |
| Recurring financial charges | 65 | €11 | €535 | +€524 | +4,658% |
| Profit (loss) for the period before taxes | 9903 | €25,557 | €43,445 | +€17,888 | +70.0% |
| Income taxes | 67/77 | €5,457 | €9,171 | +€3,714 | +68.1% |
| Profit (loss) for the period | 9904 | €20,100 | €34,274 | +€14,174 | +70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,100 | €34,274 | +€14,174 | +70.5% |
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 15 October 2026 via checked.be.