KUMA CONSULT: 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.
KUMA CONSULT
Largest movements
- Cash +€47,554
up €47,554 (+53.2%), from €89,470 to €137,023
mainly Net result for the year (+€43,298) and Receivables within one year (+€8,117)
- Receivables within one year -€8,117
down €8,117 (-42.0%), from €19,328 to €11,212
of which Trade receivables: -€9,516
- Tangible fixed assets -€7,665
down €7,665 (-8.5%), from €90,669 to €83,004
of which Land and buildings: -€5,069
- Reserves +€31,000
up €31,000 (+24.9%), from €124,372 to €155,372
- Trade debts -€2,579
down €2,579 (-65.5%), from €3,940 to €1,361
- Gross operating margin +€17,184
up €17,184 (+30.4%), from €56,478 to €73,661
- Taxes +€5,503
up €5,503 (+36.0%), from €15,269 to €20,772
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 | €201,606 | €232,718 | +€31,112 | +15.4% |
| Fixed assets | 21/28 | €90,804 | €83,139 | -€7,665 | -8.4% |
| Tangible fixed assets | 22/27 | €90,669 | €83,004 | -€7,665 | -8.5% |
| Land and buildings | 22 | €84,194 | €79,125 | -€5,069 | -6.0% |
| Plant, machinery and equipment | 23 | €4,041 | €3,152 | -€889 | -22.0% |
| Furniture and vehicles | 24 | €2,434 | €727 | -€1,707 | -70.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €110,802 | €149,579 | +€38,777 | +35.0% |
| Amounts receivable within one year | 40/41 | €19,328 | €11,212 | -€8,117 | -42.0% |
| Trade receivables | 40 | €16,354 | €6,838 | -€9,516 | -58.2% |
| Other amounts receivable | 41 | €2,974 | €4,374 | +€1,399 | +47.0% |
| Cash at bank and in hand | 54/58 | €89,470 | €137,023 | +€47,554 | +53.2% |
| Deferred charges and accrued income | 490/1 | €2,004 | €1,344 | -€660 | -32.9% |
| Total equity and liabilities | 10/49 | €201,606 | €232,718 | +€31,112 | +15.4% |
| Equity | 10/15 | €182,290 | €215,588 | +€33,298 | +18.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €124,372 | €155,372 | +€31,000 | +24.9% |
| Distributable reserves | 133 | €124,372 | €155,372 | +€31,000 | +24.9% |
| Profit (loss) carried forward | 14 | €51,417 | €53,715 | +€2,298 | +4.5% |
| Amounts payable | 17/49 | €19,316 | €17,130 | -€2,186 | -11.3% |
| Amounts payable within one year | 42/48 | €18,019 | €16,999 | -€1,019 | -5.7% |
| Trade debts | 44 | €3,940 | €1,361 | -€2,579 | -65.5% |
| Suppliers | 440/4 | €3,940 | €1,361 | -€2,579 | -65.5% |
| Taxes, remuneration and social security | 45 | €280 | €520 | +€240 | +85.4% |
| Taxes | 450/3 | €280 | €520 | +€240 | +85.4% |
| Other amounts payable | 47/48 | €13,798 | €15,118 | +€1,320 | +9.6% |
| Accrued charges and deferred income | 492/3 | €1,297 | €131 | -€1,166 | -89.9% |
| Non-recurring operating income | 76A | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,469 | €7,993 | -€475 | -5.6% |
| Other operating charges | 640/8 | €1,215 | €1,259 | +€44 | +3.6% |
| Non-recurring operating charges | 66A | €132 | - | -€132 | |
| Gross operating margin | 9900 | €56,478 | €73,661 | +€17,184 | +30.4% |
| Operating profit (loss) | 9901 | €46,662 | €64,409 | +€17,748 | +38.0% |
| Financial charges | 65/66B | €416 | €339 | -€77 | -18.5% |
| Recurring financial charges | 65 | €416 | €339 | -€77 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €46,246 | €64,070 | +€17,825 | +38.5% |
| Income taxes | 67/77 | €15,269 | €20,772 | +€5,503 | +36.0% |
| Profit (loss) for the period | 9904 | €30,977 | €43,298 | +€12,321 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,977 | €43,298 | +€12,321 | +39.8% |
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 7 October 2026 via checked.be.