Kultim: 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.
Kultim
Largest movements
- Receivables within one year +€16,551
up €16,551 (+4.2%), from €398,222 to €414,773
of which Trade receivables: +€15,000
- Cash -€13,234
down €13,234 (-39.6%), from €33,393 to €20,159
mainly Receivables within one year (-€16,551) and Short-term financial debts (-€15,000)
- Profit (loss) carried forward +€23,583
up €23,583 (+53.3%), from €44,278 to €67,862
- Short-term financial debts -€15,000
down €15,000 (-4.1%), from €365,000 to €350,000
- Gross operating margin +€34,137
up €34,137 (+176%), from €19,373 to €53,511
- Taxes +€7,095
up €7,095 (+1,829%), from €388 to €7,483
- Financial charges -€2,227
down €2,227 (-10.1%), from €22,124 to €19,897
- Depreciation +€1,263
new in 2025: €1,263
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 | €431,615 | €438,720 | +€7,105 | +1.6% |
| Fixed assets | 21/28 | - | €3,788 | +€3,788 | |
| Tangible fixed assets | 22/27 | - | €3,788 | +€3,788 | |
| Other tangible fixed assets | 26 | - | €3,788 | +€3,788 | |
| Current assets | 29/58 | €431,615 | €434,932 | +€3,317 | +0.8% |
| Amounts receivable within one year | 40/41 | €398,222 | €414,773 | +€16,551 | +4.2% |
| Trade receivables | 40 | €398,150 | €413,150 | +€15,000 | +3.8% |
| Other amounts receivable | 41 | €72 | €1,623 | +€1,551 | +2,159% |
| Cash at bank and in hand | 54/58 | €33,393 | €20,159 | -€13,234 | -39.6% |
| Total equity and liabilities | 10/49 | €431,615 | €438,720 | +€7,105 | +1.6% |
| Equity | 10/15 | €52,338 | €75,922 | +€23,583 | +45.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €44,278 | €67,862 | +€23,583 | +53.3% |
| Amounts payable | 17/49 | €379,277 | €362,798 | -€16,479 | -4.3% |
| Amounts payable within one year | 42/48 | €379,224 | €362,798 | -€16,426 | -4.3% |
| Financial debts | 43 | €365,000 | €350,000 | -€15,000 | -4.1% |
| Credit institutions | 430/8 | €365,000 | €350,000 | -€15,000 | -4.1% |
| Trade debts | 44 | €4,142 | €889 | -€3,253 | -78.5% |
| Suppliers | 440/4 | €4,142 | €889 | -€3,253 | -78.5% |
| Taxes, remuneration and social security | 45 | €10,083 | €11,909 | +€1,827 | +18.1% |
| Taxes | 450/3 | €10,083 | €11,909 | +€1,827 | +18.1% |
| Accrued charges and deferred income | 492/3 | €53 | - | -€53 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,263 | +€1,263 | |
| Other operating charges | 640/8 | €1,192 | €1,285 | +€93 | +7.8% |
| Gross operating margin | 9900 | €19,373 | €53,511 | +€34,137 | +176% |
| Operating profit (loss) | 9901 | €18,182 | €50,964 | +€32,782 | +180% |
| Financial charges | 65/66B | €22,124 | €19,897 | -€2,227 | -10.1% |
| Recurring financial charges | 65 | €22,124 | €19,897 | -€2,227 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,942 | €31,067 | +€35,009 | |
| Income taxes | 67/77 | €388 | €7,483 | +€7,095 | +1,829% |
| Profit (loss) for the period | 9904 | -€4,330 | €23,583 | +€27,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,330 | €23,583 | +€27,914 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.