KUMAKA: 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.
KUMAKA
Largest movements
- Cash -€45,159
down €45,159 (-36.6%), from €123,448 to €78,289
mainly Investment in fixed assets (net) (-€49,404) and Net result for the year (-€29,034)
- Tangible fixed assets +€28,152
up €28,152 (+81.0%), from €34,757 to €62,909
of which Furniture and vehicles: +€32,651
- Receivables within one year +€21,605
up €21,605 (+39.4%), from €54,860 to €76,465
of which Trade receivables: +€19,551
- Deferred charges and accrued income +€5,649
up €5,649 (+3,564%), from €158 to €5,807
- Debts after one year +€32,050
up €32,050, from €0 to €32,050
- Profit (loss) carried forward -€29,034
down €29,034 (-21.4%), from €135,933 to €106,899
- Current portion of long-term debt +€3,738
up €3,738 (+42.7%), from €8,765 to €12,503
- Tax, wage and social debts +€2,815
up €2,815 (+35.1%), from €8,032 to €10,847
- Gross operating margin -€56,231
down €56,231, from €53,993 to -€2,238
- Taxes -€11,459
down €11,459 (-96.2%), from €11,908 to €449
- Depreciation +€8,467
up €8,467 (+66.2%), from €12,785 to €21,252
- Other operating charges +€1,425
up €1,425 (+112%), from €1,275 to €2,700
- Financial charges +€1,370
up €1,370 (+147%), from €935 to €2,305
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 | €213,224 | €223,470 | +€10,246 | +4.8% |
| Fixed assets | 21/28 | €34,757 | €62,909 | +€28,152 | +81.0% |
| Tangible fixed assets | 22/27 | €34,757 | €62,909 | +€28,152 | +81.0% |
| Land and buildings | 22 | €19,782 | €16,056 | -€3,726 | -18.8% |
| Plant, machinery and equipment | 23 | €2,123 | €1,350 | -€773 | -36.4% |
| Furniture and vehicles | 24 | €12,852 | €45,503 | +€32,651 | +254% |
| Current assets | 29/58 | €178,467 | €160,561 | -€17,906 | -10.0% |
| Amounts receivable within one year | 40/41 | €54,860 | €76,465 | +€21,605 | +39.4% |
| Trade receivables | 40 | €10,905 | €30,456 | +€19,551 | +179% |
| Other amounts receivable | 41 | €43,956 | €46,009 | +€2,053 | +4.7% |
| Cash at bank and in hand | 54/58 | €123,448 | €78,289 | -€45,159 | -36.6% |
| Deferred charges and accrued income | 490/1 | €158 | €5,807 | +€5,649 | +3,564% |
| Total equity and liabilities | 10/49 | €213,224 | €223,470 | +€10,246 | +4.8% |
| Equity | 10/15 | €191,997 | €162,963 | -€29,034 | -15.1% |
| Reserves | 13 | €56,064 | €56,064 | = | 0.0% |
| Distributable reserves | 133 | €56,064 | €56,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,933 | €106,899 | -€29,034 | -21.4% |
| Amounts payable | 17/49 | €21,227 | €60,507 | +€39,280 | +185% |
| Amounts payable after more than one year | 17 | €0 | €32,050 | +€32,050 | |
| Financial debts | 170/4 | €0 | €32,050 | +€32,050 | |
| Amounts payable within one year | 42/48 | €21,227 | €28,457 | +€7,230 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €8,765 | €12,503 | +€3,738 | +42.7% |
| Trade debts | 44 | €4,225 | €4,022 | -€203 | -4.8% |
| Suppliers | 440/4 | €4,225 | €4,022 | -€203 | -4.8% |
| Taxes, remuneration and social security | 45 | €8,032 | €10,847 | +€2,815 | +35.1% |
| Taxes | 450/3 | €8,032 | €10,847 | +€2,815 | +35.1% |
| Other amounts payable | 47/48 | €206 | €1,085 | +€879 | +426% |
| Remuneration, social security and pensions | 62 | €930 | €1,015 | +€85 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,785 | €21,252 | +€8,467 | +66.2% |
| Other operating charges | 640/8 | €1,275 | €2,700 | +€1,425 | +112% |
| Gross operating margin | 9900 | €53,993 | -€2,238 | -€56,231 | |
| Operating profit (loss) | 9901 | €39,002 | -€27,204 | -€66,206 | |
| Financial income | 75/76B | €1,098 | €924 | -€174 | -15.9% |
| Recurring financial income | 75 | €1,098 | €924 | -€174 | -15.9% |
| Financial charges | 65/66B | €935 | €2,305 | +€1,370 | +147% |
| Recurring financial charges | 65 | €935 | €2,305 | +€1,370 | +147% |
| Profit (loss) for the period before taxes | 9903 | €39,166 | -€28,585 | -€67,751 | |
| Income taxes | 67/77 | €11,908 | €449 | -€11,459 | -96.2% |
| Profit (loss) for the period | 9904 | €27,258 | -€29,034 | -€56,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,258 | -€29,034 | -€56,292 |
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 19 October 2026 via checked.be.