KULT KEFIR: what changed
KULT KEFIR
Largest movements
- Stocks and contracts +€283,874
up €283,874 (+105%), from €270,344 to €554,218
- Receivables within one year +€208,202
up €208,202 (+81.4%), from €255,723 to €463,924
of which Trade receivables: +€174,459
- Deferred charges and accrued income +€39,405
up €39,405 (+2,980%), from €1,322 to €40,727
- Cash +€32,115
up €32,115 (+87.4%), from €36,735 to €68,850
mainly Net result for the year (+€265,707) and Short-term financial debts (+€190,000)
- Short-term financial debts +€190,000
new in 2025: €190,000
- Reserves +€159,980
new in 2025: €159,980
- Trade debts +€119,233
up €119,233 (+62.5%), from €190,925 to €310,158
- Profit (loss) carried forward +€105,727
up €105,727 (+738%), from €14,334 to €120,061
- Current portion of long-term debt +€83,208
up €83,208 (+208%), from €40,000 to €123,208
- Gross operating margin +€334,497
up €334,497 (+281%), from €118,950 to €453,447
- Taxes +€83,722
up €83,722 (+1,548%), from €5,409 to €89,131
- Staff costs +€18,740
up €18,740 (+30.3%), from €61,912 to €80,652
- Financial charges +€8,184
up €8,184 (+109%), from €7,522 to €15,707
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €564,124 | €1,127,719 | +€563,595 | +99.9% |
| Current assets | 29/58 | €564,124 | €1,127,719 | +€563,595 | +99.9% |
| Stocks and contracts in progress | 3 | €270,344 | €554,218 | +€283,874 | +105% |
| Stocks | 30/36 | €270,344 | €554,218 | +€283,874 | +105% |
| Amounts receivable within one year | 40/41 | €255,723 | €463,924 | +€208,202 | +81.4% |
| Trade receivables | 40 | €209,473 | €383,932 | +€174,459 | +83.3% |
| Other amounts receivable | 41 | €46,250 | €79,992 | +€33,742 | +73.0% |
| Cash at bank and in hand | 54/58 | €36,735 | €68,850 | +€32,115 | +87.4% |
| Deferred charges and accrued income | 490/1 | €1,322 | €40,727 | +€39,405 | +2,980% |
| Total equity and liabilities | 10/49 | €564,124 | €1,127,719 | +€563,595 | +99.9% |
| Equity | 10/15 | €85,899 | €351,606 | +€265,707 | +309% |
| Contributions | 10/11 | €71,565 | €71,565 | = | 0.0% |
| Reserves | 13 | - | €159,980 | +€159,980 | |
| Tax-exempt reserves | 132 | - | €159,980 | +€159,980 | |
| Profit (loss) carried forward | 14 | €14,334 | €120,061 | +€105,727 | +738% |
| Amounts payable | 17/49 | €478,225 | €776,113 | +€297,888 | +62.3% |
| Amounts payable after more than one year | 17 | €113,750 | €70,000 | -€43,750 | -38.5% |
| Financial debts | 170/4 | €113,750 | €70,000 | -€43,750 | -38.5% |
| Amounts payable within one year | 42/48 | €349,509 | €667,252 | +€317,743 | +90.9% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €123,208 | +€83,208 | +208% |
| Financial debts | 43 | - | €190,000 | +€190,000 | |
| Credit institutions | 430/8 | - | €190,000 | +€190,000 | |
| Trade debts | 44 | €190,925 | €310,158 | +€119,233 | +62.5% |
| Suppliers | 440/4 | €190,925 | €310,158 | +€119,233 | +62.5% |
| Taxes, remuneration and social security | 45 | €17,156 | €9,941 | -€7,215 | -42.1% |
| Taxes | 450/3 | €11,463 | €0 | -€11,463 | -100% |
| Remuneration and social security | 454/9 | €5,693 | €9,941 | +€4,249 | +74.6% |
| Other amounts payable | 47/48 | €101,428 | €33,944 | -€67,484 | -66.5% |
| Accrued charges and deferred income | 492/3 | €14,966 | €38,861 | +€23,895 | +160% |
| Remuneration, social security and pensions | 62 | €61,912 | €80,652 | +€18,740 | +30.3% |
| Other operating charges | 640/8 | €100 | €2,251 | +€2,151 | +2,151% |
| Gross operating margin | 9900 | €118,950 | €453,447 | +€334,497 | +281% |
| Operating profit (loss) | 9901 | €56,937 | €370,544 | +€313,607 | +551% |
| Financial income | 75/76B | €480 | €0 | -€480 | -100.0% |
| Recurring financial income | 75 | €480 | €0 | -€480 | -100.0% |
| Financial charges | 65/66B | €7,522 | €15,707 | +€8,184 | +109% |
| Recurring financial charges | 65 | €7,522 | €15,707 | +€8,184 | +109% |
| Profit (loss) for the period before taxes | 9903 | €49,895 | €354,837 | +€304,943 | +611% |
| Income taxes | 67/77 | €5,409 | €89,131 | +€83,722 | +1,548% |
| Profit (loss) for the period | 9904 | €44,486 | €265,707 | +€221,221 | +497% |
| Transfer to tax-exempt reserves | 689 | - | €159,980 | +€159,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,486 | €105,727 | +€61,241 | +138% |
Next steps
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 2 November 2026 via checked.be.