KUM TECHNIC: 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.
KUM TECHNIC
Largest movements
- Receivables within one year -€303,102
down €303,102 (-48.3%), from €627,737 to €324,635
of which Trade receivables: -€303,096
- Tangible fixed assets -€129,890
down €129,890 (-12.9%), from €1.0m to €874,302
of which Other tangible fixed assets: -€108,297
- Stocks and contracts -€106,839
down €106,839 (-11.3%), from €947,322 to €840,483
- Short-term financial debts -€164,359
down €164,359 (-33.6%), from €489,359 to €325,000
- Profit (loss) carried forward -€137,941
down €137,941 (-13.0%), from €1.1m to €923,030
- Trade debts -€94,335
down €94,335 (-79.6%), from €118,579 to €24,244
- Debts after one year -€61,543
down €61,543 (-8.6%), from €713,070 to €651,527
- Other debts -€58,074
down €58,074 (-45.8%), from €126,783 to €68,709
- Gross operating margin -€194,728
down €194,728 (-28.4%), from €684,731 to €490,002
- Depreciation -€45,313
down €45,313 (-15.6%), from €290,425 to €245,112
- Financial income -€22,087
down €22,087 (-24.1%), from €91,559 to €69,471
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 | €2,878,850 | €2,340,579 | -€538,272 | -18.7% |
| Fixed assets | 21/28 | €1,279,686 | €1,143,689 | -€135,997 | -10.6% |
| Intangible fixed assets | 21 | €14,431 | €8,324 | -€6,107 | -42.3% |
| Tangible fixed assets | 22/27 | €1,004,192 | €874,302 | -€129,890 | -12.9% |
| Land and buildings | 22 | €712,363 | €735,049 | +€22,686 | +3.2% |
| Plant, machinery and equipment | 23 | €147,693 | €124,011 | -€23,682 | -16.0% |
| Furniture and vehicles | 24 | €31,551 | €10,954 | -€20,597 | -65.3% |
| Other tangible fixed assets | 26 | €112,586 | €4,288 | -€108,297 | -96.2% |
| Financial fixed assets | 28 | €261,062 | €261,062 | = | 0.0% |
| Current assets | 29/58 | €1,599,164 | €1,196,890 | -€402,274 | -25.2% |
| Stocks and contracts in progress | 3 | €947,322 | €840,483 | -€106,839 | -11.3% |
| Stocks | 30/36 | €947,322 | €840,483 | -€106,839 | -11.3% |
| Amounts receivable within one year | 40/41 | €627,737 | €324,635 | -€303,102 | -48.3% |
| Trade receivables | 40 | €627,729 | €324,633 | -€303,096 | -48.3% |
| Other amounts receivable | 41 | €8 | €2 | -€7 | -77.4% |
| Cash at bank and in hand | 54/58 | €10,647 | €18,306 | +€7,660 | +71.9% |
| Deferred charges and accrued income | 490/1 | €13,458 | €13,466 | +€7 | +0.1% |
| Total equity and liabilities | 10/49 | €2,878,850 | €2,340,579 | -€538,272 | -18.7% |
| Equity | 10/15 | €1,169,822 | €983,981 | -€185,841 | -15.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,060,971 | €923,030 | -€137,941 | -13.0% |
| Investment grants | 15 | €100,791 | €52,891 | -€47,900 | -47.5% |
| Amounts payable | 17/49 | €1,709,028 | €1,356,597 | -€352,431 | -20.6% |
| Amounts payable after more than one year | 17 | €713,070 | €651,527 | -€61,543 | -8.6% |
| Financial debts | 170/4 | €713,070 | €651,527 | -€61,543 | -8.6% |
| Amounts payable within one year | 42/48 | €994,735 | €699,806 | -€294,928 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €194,740 | €211,161 | +€16,421 | +8.4% |
| Financial debts | 43 | €489,359 | €325,000 | -€164,359 | -33.6% |
| Credit institutions | 430/8 | €489,359 | €325,000 | -€164,359 | -33.6% |
| Trade debts | 44 | €118,579 | €24,244 | -€94,335 | -79.6% |
| Suppliers | 440/4 | €118,579 | €24,244 | -€94,335 | -79.6% |
| Taxes, remuneration and social security | 45 | €65,273 | €70,693 | +€5,420 | +8.3% |
| Taxes | 450/3 | €23,771 | €42,349 | +€18,578 | +78.2% |
| Remuneration and social security | 454/9 | €41,503 | €28,344 | -€13,159 | -31.7% |
| Other amounts payable | 47/48 | €126,783 | €68,709 | -€58,074 | -45.8% |
| Accrued charges and deferred income | 492/3 | €1,223 | €5,264 | +€4,041 | +330% |
| Non-recurring operating income | 76A | - | €14,218 | +€14,218 | |
| Remuneration, social security and pensions | 62 | €386,792 | €388,746 | +€1,954 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,425 | €245,112 | -€45,313 | -15.6% |
| Other operating charges | 640/8 | €8,762 | €10,657 | +€1,894 | +21.6% |
| Gross operating margin | 9900 | €684,731 | €490,002 | -€194,728 | -28.4% |
| Operating profit (loss) | 9901 | -€1,249 | -€154,513 | -€153,264 | -12,270% |
| Financial income | 75/76B | €91,559 | €69,471 | -€22,087 | -24.1% |
| Recurring financial income | 75 | €91,559 | €69,471 | -€22,087 | -24.1% |
| Financial charges | 65/66B | €57,236 | €52,900 | -€4,336 | -7.6% |
| Recurring financial charges | 65 | €57,236 | €52,900 | -€4,336 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €33,074 | -€137,941 | -€171,015 | |
| Profit (loss) for the period | 9904 | €33,074 | -€137,941 | -€171,015 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,074 | -€137,941 | -€171,015 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.