KULT: 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.
KULT
Largest movements
- Tangible fixed assets -€32,868
down €32,868 (-2.8%), from €1.2m to €1.1m
of which Land and buildings: -€29,619
- Profit (loss) carried forward -€44,510
down €44,510 (-57.1%), from -€77,886 to -€122,395
- Other debts +€25,675
up €25,675 (+3.5%), from €743,901 to €769,576
- Debts after one year -€23,867
down €23,867 (-7.4%), from €321,618 to €297,751
- Gross operating margin -€9,285
down €9,285 (-84.9%), from €10,934 to €1,648
- Financial income -€2,452
no longer reported in 2024 (was €2,452)
- Depreciation -€1,178
down €1,178 (-3.5%), from €34,046 to €32,868
- Financial charges +€1,005
up €1,005 (+8.9%), from €11,263 to €12,267
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,164,689 | €1,129,992 | -€34,697 | -3.0% |
| Fixed assets | 21/28 | €1,160,015 | €1,127,147 | -€32,868 | -2.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,160,015 | €1,127,147 | -€32,868 | -2.8% |
| Land and buildings | 22 | €1,154,468 | €1,124,849 | -€29,619 | -2.6% |
| Plant, machinery and equipment | 23 | €3,239 | €568 | -€2,671 | -82.5% |
| Furniture and vehicles | 24 | €2,308 | €1,730 | -€578 | -25.0% |
| Current assets | 29/58 | €4,674 | €2,845 | -€1,829 | -39.1% |
| Amounts receivable within one year | 40/41 | €4,674 | €2,845 | -€1,829 | -39.1% |
| Trade receivables | 40 | €4,674 | €2,845 | -€1,829 | -39.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,164,689 | €1,129,992 | -€34,697 | -3.0% |
| Equity | 10/15 | €37,779 | -€6,730 | -€44,510 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €109,465 | €109,465 | = | 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% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €88,855 | €88,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€77,886 | -€122,395 | -€44,510 | -57.1% |
| Amounts payable | 17/49 | €1,126,910 | €1,136,722 | +€9,812 | +0.9% |
| Amounts payable after more than one year | 17 | €321,618 | €297,751 | -€23,867 | -7.4% |
| Financial debts | 170/4 | €321,618 | €297,751 | -€23,867 | -7.4% |
| Amounts payable within one year | 42/48 | €805,292 | €838,910 | +€33,618 | +4.2% |
| Current portion of amounts payable after more than one year | 42 | €28,540 | €35,893 | +€7,353 | +25.8% |
| Financial debts | 43 | €26,530 | €25,471 | -€1,058 | -4.0% |
| Credit institutions | 430/8 | €26,530 | €25,471 | -€1,058 | -4.0% |
| Trade debts | 44 | €858 | €4,250 | +€3,392 | +395.6% |
| Suppliers | 440/4 | €858 | €4,250 | +€3,392 | +395.6% |
| Taxes, remuneration and social security | 45 | €5,464 | €3,720 | -€1,744 | -31.9% |
| Taxes | 450/3 | €5,464 | €3,720 | -€1,744 | -31.9% |
| Other amounts payable | 47/48 | €743,901 | €769,576 | +€25,675 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €62 | +€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,046 | €32,868 | -€1,178 | -3.5% |
| Other operating charges | 640/8 | €930 | €1,022 | +€92 | +9.9% |
| Gross operating margin | 9900 | €10,934 | €1,648 | -€9,285 | -84.9% |
| Operating profit (loss) | 9901 | -€24,043 | -€32,243 | -€8,200 | -34.1% |
| Financial income | 75/76B | €2,452 | - | -€2,452 | |
| Recurring financial income | 75 | €2,452 | - | -€2,452 | |
| Financial charges | 65/66B | €11,263 | €12,267 | +€1,005 | +8.9% |
| Recurring financial charges | 65 | €11,263 | €12,267 | +€1,005 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,853 | -€44,510 | -€11,657 | -35.5% |
| Profit (loss) for the period | 9904 | -€32,853 | -€44,510 | -€11,657 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,853 | -€44,510 | -€11,657 | -35.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.