KUM CONCEPT: 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.
KUM CONCEPT
Largest movements
- Intangible fixed assets +€6,821
up €6,821 (+90.0%), from €7,582 to €14,403
- Other debts +€15,224
up €15,224 (+55.5%), from €27,430 to €42,655
- Tax, wage and social debts -€13,239
no longer reported in 2025 (was €13,239)
of which Remuneration and social security: -€11,621
- Debts after one year -€7,129
down €7,129 (-5.8%), from €123,270 to €116,141
- Trade debts +€5,502
up €5,502 (+4799.5%), from €115 to €5,616
- Profit (loss) carried forward +€4,846
up €4,846 (+700.0%), from €692 to €5,539
- Staff costs -€66,505
down €66,505 (-75.9%), from €87,608 to €21,103
- Gross operating margin -€55,789
down €55,789 (-51.4%), from €108,625 to €52,836
- Depreciation +€6,907
up €6,907 (+55.7%), from €12,392 to €19,299
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 | €181,185 | €187,080 | +€5,894 | +3.3% |
| Fixed assets | 21/28 | €175,942 | €181,733 | +€5,791 | +3.3% |
| Intangible fixed assets | 21 | €7,582 | €14,403 | +€6,821 | +90.0% |
| Tangible fixed assets | 22/27 | €168,155 | €167,330 | -€825 | -0.5% |
| Land and buildings | 22 | €168,155 | €167,330 | -€825 | -0.5% |
| Financial fixed assets | 28 | €205 | - | -€205 | |
| Current assets | 29/58 | €5,243 | €5,346 | +€103 | +2.0% |
| Amounts receivable within one year | 40/41 | €4,555 | €3,841 | -€714 | -15.7% |
| Trade receivables | 40 | €4,224 | €975 | -€3,249 | -76.9% |
| Other amounts receivable | 41 | €331 | €2,866 | +€2,536 | +767.0% |
| Cash at bank and in hand | 54/58 | €688 | €1,505 | +€817 | +118.7% |
| Total equity and liabilities | 10/49 | €181,185 | €187,080 | +€5,894 | +3.3% |
| Equity | 10/15 | €10,692 | €15,539 | +€4,846 | +45.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €692 | €5,539 | +€4,846 | +700.0% |
| Amounts payable | 17/49 | €170,493 | €171,541 | +€1,048 | +0.6% |
| Amounts payable after more than one year | 17 | €123,270 | €116,141 | -€7,129 | -5.8% |
| Financial debts | 170/4 | €123,270 | €116,141 | -€7,129 | -5.8% |
| Amounts payable within one year | 42/48 | €46,514 | €55,400 | +€8,885 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €5,730 | €7,129 | +€1,398 | +24.4% |
| Trade debts | 44 | €115 | €5,616 | +€5,502 | +4799.5% |
| Suppliers | 440/4 | €115 | €5,616 | +€5,502 | +4799.5% |
| Taxes, remuneration and social security | 45 | €13,239 | - | -€13,239 | |
| Taxes | 450/3 | €1,618 | - | -€1,618 | |
| Remuneration and social security | 454/9 | €11,621 | - | -€11,621 | |
| Other amounts payable | 47/48 | €27,430 | €42,655 | +€15,224 | +55.5% |
| Accrued charges and deferred income | 492/3 | €708 | - | -€708 | |
| Remuneration, social security and pensions | 62 | €87,608 | €21,103 | -€66,505 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,392 | €19,299 | +€6,907 | +55.7% |
| Other operating charges | 640/8 | €2,131 | €2,022 | -€108 | -5.1% |
| Gross operating margin | 9900 | €108,625 | €52,836 | -€55,789 | -51.4% |
| Operating profit (loss) | 9901 | €6,494 | €10,412 | +€3,918 | +60.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,802 | €5,566 | -€236 | -4.1% |
| Recurring financial charges | 65 | €5,802 | €5,566 | -€236 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €692 | €4,846 | +€4,154 | +600.0% |
| Profit (loss) for the period | 9904 | €692 | €4,846 | +€4,154 | +600.0% |
| Profit (loss) for the period to be appropriated | 9905 | €692 | €4,846 | +€4,154 | +600.0% |
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 4 October 2026 via checked.be.