KULLA: what changed
Two fiscal 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.
KULLA
Largest movements
- Tangible fixed assets +€387,482
up €387,482 (+1490.2%), from €26,002 to €413,484
of which Land and buildings: +€321,844
- Intangible fixed assets +€123,233
new in 2025: €123,233
- Cash -€108,493
down €108,493 (-57.1%), from €190,136 to €81,643
- Receivables within one year +€91,939
up €91,939 (+346.9%), from €26,504 to €118,443
of which Other amounts receivable: +€101,225
- Profit (loss) carried forward +€369,041
up €369,041 (+250.3%), from €147,457 to €516,498
- Trade debts +€72,688
up €72,688 (+375.7%), from €19,349 to €92,036
- Tax, wage and social debts +€54,028
up €54,028 (+78.7%), from €68,661 to €122,688
of which Taxes: +€31,242
- Staff costs +€205,030
up €205,030 (+380.0%), from €53,958 to €258,989
- Gross operating margin +€153,960
up €153,960 (+62.6%), from €246,073 to €400,032
- Depreciation +€32,768
up €32,768 (+2263.1%), from €1,448 to €34,215
- Taxes -€17,038
down €17,038 (-46.2%), from €36,864 to €19,826
- Other operating charges +€11,691
up €11,691 (+935.6%), from €1,250 to €12,941
From the 2022 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.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,146 | €742,009 | +€496,863 | +202.7% |
| Fixed assets | 21/28 | €26,102 | €536,717 | +€510,615 | +1956.2% |
| Intangible fixed assets | 21 | - | €123,233 | +€123,233 | |
| Tangible fixed assets | 22/27 | €26,002 | €413,484 | +€387,482 | +1490.2% |
| Land and buildings | 22 | - | €321,844 | +€321,844 | |
| Plant, machinery and equipment | 23 | - | €22,155 | +€22,155 | |
| Furniture and vehicles | 24 | €23,589 | €45,478 | +€21,889 | +92.8% |
| Other tangible fixed assets | 26 | €2,413 | €24,007 | +€21,594 | +894.9% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | €100 | €0 | -€100 | -100.0% |
| Current assets | 29/58 | €219,044 | €205,291 | -€13,752 | -6.3% |
| Stocks and contracts in progress | 3 | €2,185 | €1,720 | -€465 | -21.3% |
| Stocks | 30/36 | €2,185 | €1,720 | -€465 | -21.3% |
| Amounts receivable within one year | 40/41 | €26,504 | €118,443 | +€91,939 | +346.9% |
| Trade receivables | 40 | €14,484 | €5,198 | -€9,285 | -64.1% |
| Other amounts receivable | 41 | €12,020 | €113,244 | +€101,225 | +842.2% |
| Cash at bank and in hand | 54/58 | €190,136 | €81,643 | -€108,493 | -57.1% |
| Deferred charges and accrued income | 490/1 | €219 | €3,486 | +€3,266 | +1489.3% |
| Total equity and liabilities | 10/49 | €245,146 | €742,009 | +€496,863 | +202.7% |
| Equity | 10/15 | €151,457 | €520,498 | +€369,041 | +243.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,457 | €516,498 | +€369,041 | +250.3% |
| Amounts payable | 17/49 | €93,688 | €221,510 | +€127,822 | +136.4% |
| Amounts payable within one year | 42/48 | €92,573 | €221,510 | +€128,937 | +139.3% |
| Trade debts | 44 | €19,349 | €92,036 | +€72,688 | +375.7% |
| Suppliers | 440/4 | €19,349 | €92,036 | +€72,688 | +375.7% |
| Taxes, remuneration and social security | 45 | €68,661 | €122,688 | +€54,028 | +78.7% |
| Taxes | 450/3 | €52,826 | €84,068 | +€31,242 | +59.1% |
| Remuneration and social security | 454/9 | €15,835 | €38,620 | +€22,785 | +143.9% |
| Other amounts payable | 47/48 | €4,564 | €6,786 | +€2,222 | +48.7% |
| Accrued charges and deferred income | 492/3 | €1,115 | - | -€1,115 | |
| Remuneration, social security and pensions | 62 | €53,958 | €258,989 | +€205,030 | +380.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,448 | €34,215 | +€32,768 | +2263.1% |
| Other operating charges | 640/8 | €1,250 | €12,941 | +€11,691 | +935.6% |
| Non-recurring operating charges | 66A | €1 | €3,811 | +€3,810 | +284338.8% |
| Gross operating margin | 9900 | €246,073 | €400,032 | +€153,960 | +62.6% |
| Operating profit (loss) | 9901 | €189,416 | €90,076 | -€99,340 | -52.4% |
| Financial income | 75/76B | €29 | €5,880 | +€5,851 | +20008.8% |
| Recurring financial income | 75 | €29 | €5,835 | +€5,805 | +19854.3% |
| Non-recurring financial income | 76B | €29 | €45 | +€16 | +54.4% |
| Financial charges | 65/66B | €5,123 | €9,947 | +€4,824 | +94.2% |
| Recurring financial charges | 65 | €5,122 | €9,944 | +€4,821 | +94.1% |
| Non-recurring financial charges | 66B | €1 | €3 | +€3 | +252.5% |
| Profit (loss) for the period before taxes | 9903 | €184,322 | €86,008 | -€98,313 | -53.3% |
| Income taxes | 67/77 | €36,864 | €19,826 | -€17,038 | -46.2% |
| Profit (loss) for the period | 9904 | €147,457 | €66,183 | -€81,275 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,457 | €66,183 | -€81,275 | -55.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.