KULTE: 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.
KULTE
Largest movements
- Receivables within one year +€7,181
up €7,181 (+20.4%), from €35,225 to €42,405
of which Other amounts receivable: +€4,438
- Tangible fixed assets -€3,826
no longer reported in 2025 (was €3,826)
- Cash +€1,899
up €1,899 (+182.8%), from €1,039 to €2,939
mainly Net result for the year (+€23,799) and Investment in fixed assets (net) (+€3,826)
- Intangible fixed assets -€992
down €992 (-42.0%), from €2,365 to €1,373
- Profit (loss) carried forward +€23,799
up €23,799, from -€5,421 to €18,378
- Other debts -€15,922
down €15,922 (-57.3%), from €27,771 to €11,849
- Trade debts -€4,643
down €4,643 (-40.3%), from €11,511 to €6,869
- Short-term financial debts +€3,176
new in 2025: €3,176
- Tax, wage and social debts -€2,149
down €2,149 (-59.8%), from €3,594 to €1,445
- Gross operating margin +€32,823
up €32,823 (+2187.5%), from €1,500 to €34,323
- Taxes +€5,445
up €5,445 (+4591.5%), from €119 to €5,564
- Depreciation -€1,750
down €1,750 (-63.8%), from €2,742 to €992
- Financial charges +€1,346
up €1,346 (+434.0%), from €310 to €1,656
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.
Cash bridge derived
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 | €42,455 | €46,717 | +€4,262 | +10.0% |
| Fixed assets | 21/28 | €6,191 | €1,373 | -€4,818 | -77.8% |
| Intangible fixed assets | 21 | €2,365 | €1,373 | -€992 | -42.0% |
| Tangible fixed assets | 22/27 | €3,826 | - | -€3,826 | |
| Furniture and vehicles | 24 | €3,826 | - | -€3,826 | |
| Current assets | 29/58 | €36,264 | €45,344 | +€9,080 | +25.0% |
| Amounts receivable within one year | 40/41 | €35,225 | €42,405 | +€7,181 | +20.4% |
| Trade receivables | 40 | €35,193 | €37,935 | +€2,742 | +7.8% |
| Other amounts receivable | 41 | €32 | €4,471 | +€4,438 | +13732.0% |
| Cash at bank and in hand | 54/58 | €1,039 | €2,939 | +€1,899 | +182.8% |
| Total equity and liabilities | 10/49 | €42,455 | €46,717 | +€4,262 | +10.0% |
| Equity | 10/15 | -€421 | €23,378 | +€23,799 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,421 | €18,378 | +€23,799 | |
| Amounts payable | 17/49 | €42,876 | €23,339 | -€19,537 | -45.6% |
| Amounts payable within one year | 42/48 | €42,876 | €23,339 | -€19,537 | -45.6% |
| Financial debts | 43 | - | €3,176 | +€3,176 | |
| Credit institutions | 430/8 | - | €3,176 | +€3,176 | |
| Trade debts | 44 | €11,511 | €6,869 | -€4,643 | -40.3% |
| Suppliers | 440/4 | €11,511 | €6,869 | -€4,643 | -40.3% |
| Taxes, remuneration and social security | 45 | €3,594 | €1,445 | -€2,149 | -59.8% |
| Taxes | 450/3 | €3,594 | €1,445 | -€2,149 | -59.8% |
| Other amounts payable | 47/48 | €27,771 | €11,849 | -€15,922 | -57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,742 | €992 | -€1,750 | -63.8% |
| Other operating charges | 640/8 | €481 | €139 | -€342 | -71.1% |
| Non-recurring operating charges | 66A | - | €2,173 | +€2,173 | |
| Gross operating margin | 9900 | €1,500 | €34,323 | +€32,823 | +2187.5% |
| Operating profit (loss) | 9901 | -€1,722 | €31,019 | +€32,741 | |
| Financial charges | 65/66B | €310 | €1,656 | +€1,346 | +434.0% |
| Recurring financial charges | 65 | €310 | €1,656 | +€1,346 | +434.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,032 | €29,362 | +€31,395 | |
| Income taxes | 67/77 | €119 | €5,564 | +€5,445 | +4591.5% |
| Profit (loss) for the period | 9904 | -€2,151 | €23,799 | +€25,950 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,151 | €23,799 | +€25,950 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.