Kuman 1920: 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.
Kuman 1920
Largest movements
- Cash +€57,042
up €57,042 (+111%), from €51,375 to €108,417
mainly Net result for the year (+€143,373) and Accrued charges and deferred income (+€7,235)
- Receivables within one year +€51,186
up €51,186 (+62.7%), from €81,603 to €132,788
of which Trade receivables: +€49,245
- Tangible fixed assets +€37,901
up €37,901 (+561%), from €6,751 to €44,653
of which Land and buildings: +€31,663
- Reserves +€143,373
up €143,373 (+21.1%), from €680,002 to €823,375
- Gross operating margin -€19,447
down €19,447 (-8.7%), from €223,265 to €203,818
- Taxes -€16,446
down €16,446 (-27.6%), from €59,505 to €43,059
- Financial charges -€12,317
down €12,317 (-77.9%), from €15,806 to €3,489
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €896,340 | €1,035,375 | +€139,035 | +15.5% |
| Fixed assets | 21/28 | €750,706 | €788,608 | +€37,901 | +5.0% |
| Tangible fixed assets | 22/27 | €6,751 | €44,653 | +€37,901 | +561% |
| Land and buildings | 22 | €6,751 | €38,414 | +€31,663 | +469% |
| Furniture and vehicles | 24 | - | €6,238 | +€6,238 | |
| Financial fixed assets | 28 | €743,955 | €743,955 | = | 0.0% |
| Current assets | 29/58 | €145,634 | €246,768 | +€101,134 | +69.4% |
| Amounts receivable within one year | 40/41 | €81,603 | €132,788 | +€51,186 | +62.7% |
| Trade receivables | 40 | €60,381 | €109,625 | +€49,245 | +81.6% |
| Other amounts receivable | 41 | €21,222 | €23,163 | +€1,941 | +9.1% |
| Cash at bank and in hand | 54/58 | €51,375 | €108,417 | +€57,042 | +111% |
| Deferred charges and accrued income | 490/1 | €12,656 | €5,562 | -€7,094 | -56.1% |
| Total equity and liabilities | 10/49 | €896,340 | €1,035,375 | +€139,035 | +15.5% |
| Equity | 10/15 | €680,003 | €823,376 | +€143,373 | +21.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €680,002 | €823,375 | +€143,373 | +21.1% |
| Distributable reserves | 133 | €680,002 | €823,375 | +€143,373 | +21.1% |
| Amounts payable | 17/49 | €216,337 | €211,999 | -€4,338 | -2.0% |
| Amounts payable after more than one year | 17 | €18,000 | €18,000 | = | 0.0% |
| Other amounts payable | 178/9 | €18,000 | €18,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €196,432 | €184,859 | -€11,572 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €46,239 | €37,583 | -€8,656 | -18.7% |
| Trade debts | 44 | €3,232 | €9,930 | +€6,697 | +207% |
| Suppliers | 440/4 | €3,232 | €9,930 | +€6,697 | +207% |
| Taxes, remuneration and social security | 45 | €13,065 | €4,138 | -€8,928 | -68.3% |
| Taxes | 450/3 | €10,127 | €1,181 | -€8,946 | -88.3% |
| Remuneration and social security | 454/9 | €2,938 | €2,957 | +€19 | +0.6% |
| Other amounts payable | 47/48 | €133,895 | €133,209 | -€686 | -0.5% |
| Accrued charges and deferred income | 492/3 | €1,906 | €9,140 | +€7,235 | +380% |
| Non-recurring operating income | 76A | - | €32,272 | +€32,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,553 | €3,493 | +€1,940 | +125% |
| Other operating charges | 640/8 | €10,834 | €10,405 | -€429 | -4.0% |
| Gross operating margin | 9900 | €223,265 | €203,818 | -€19,447 | -8.7% |
| Operating profit (loss) | 9901 | €210,878 | €189,920 | -€20,958 | -9.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €15,806 | €3,489 | -€12,317 | -77.9% |
| Recurring financial charges | 65 | €15,806 | €3,489 | -€12,317 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €195,072 | €186,431 | -€8,641 | -4.4% |
| Income taxes | 67/77 | €59,505 | €43,059 | -€16,446 | -27.6% |
| Profit (loss) for the period | 9904 | €135,567 | €143,373 | +€7,805 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €135,567 | €143,373 | +€7,805 | +5.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.