KUMASS: 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.
KUMASS
Largest movements
- Cash -€343,577
down €343,577 (-38.7%), from €887,992 to €544,415
mainly Current investments (-€305,023) and Contributions, distributions and other (-€87,800)
- Current investments +€305,023
new in 2026: €305,023
- Receivables after one year -€75,000
down €75,000 (-37.5%), from €200,000 to €125,000
- Tangible fixed assets +€27,210
up €27,210 (+253%), from €10,744 to €37,954
of which Plant, machinery and equipment: +€33,260
- Reserves -€67,692
down €67,692 (-6.4%), from €1.1m to €990,848
- Accrued charges and deferred income -€15,823
down €15,823 (-88.5%), from €17,877 to €2,054
- Tax, wage and social debts -€12,486
down €12,486 (-62.0%), from €20,141 to €7,655
of which Taxes: -€8,886
- Gross operating margin +€10,159
up €10,159 (+189%), from €5,362 to €15,521
- Depreciation +€5,740
up €5,740 (+94.9%), from €6,049 to €11,790
- Financial income +€5,479
up €5,479 (+23.7%), from €23,107 to €28,585
- Other operating charges -€2,508
down €2,508 (-46.3%), from €5,412 to €2,904
- Taxes +€1,146
up €1,146 (+24.9%), from €4,608 to €5,754
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 | €1,141,045 | €1,058,204 | -€82,841 | -7.3% |
| Fixed assets | 21/28 | €10,744 | €37,954 | +€27,210 | +253% |
| Tangible fixed assets | 22/27 | €10,744 | €37,954 | +€27,210 | +253% |
| Plant, machinery and equipment | 23 | - | €33,260 | +€33,260 | |
| Furniture and vehicles | 24 | €10,744 | €4,694 | -€6,049 | -56.3% |
| Current assets | 29/58 | €1,130,302 | €1,020,250 | -€110,052 | -9.7% |
| Amounts receivable after more than one year | 29 | €200,000 | €125,000 | -€75,000 | -37.5% |
| Other amounts receivable | 291 | €200,000 | €125,000 | -€75,000 | -37.5% |
| Amounts receivable within one year | 40/41 | €34,497 | €32,939 | -€1,558 | -4.5% |
| Trade receivables | 40 | €26,856 | €32,500 | +€5,644 | +21.0% |
| Other amounts receivable | 41 | €7,641 | €439 | -€7,202 | -94.3% |
| Current investments | 50/53 | - | €305,023 | +€305,023 | |
| Cash at bank and in hand | 54/58 | €887,992 | €544,415 | -€343,577 | -38.7% |
| Deferred charges and accrued income | 490/1 | €7,813 | €12,873 | +€5,061 | +64.8% |
| Total equity and liabilities | 10/49 | €1,141,045 | €1,058,204 | -€82,841 | -7.3% |
| Equity | 10/15 | €1,077,243 | €1,009,550 | -€67,692 | -6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,058,541 | €990,848 | -€67,692 | -6.4% |
| Distributable reserves | 133 | €1,058,541 | €990,848 | -€67,692 | -6.4% |
| Profit (loss) carried forward | 14 | €102 | €102 | = | 0.0% |
| Amounts payable | 17/49 | €63,803 | €48,654 | -€15,149 | -23.7% |
| Amounts payable within one year | 42/48 | €45,926 | €46,600 | +€674 | +1.5% |
| Trade debts | 44 | €184 | €5,496 | +€5,311 | +2,882% |
| Suppliers | 440/4 | €184 | €5,496 | +€5,311 | +2,882% |
| Taxes, remuneration and social security | 45 | €20,141 | €7,655 | -€12,486 | -62.0% |
| Taxes | 450/3 | €16,541 | €7,655 | -€8,886 | -53.7% |
| Remuneration and social security | 454/9 | €3,600 | €0 | -€3,600 | -100% |
| Other amounts payable | 47/48 | €25,601 | €33,449 | +€7,848 | +30.7% |
| Accrued charges and deferred income | 492/3 | €17,877 | €2,054 | -€15,823 | -88.5% |
| Non-recurring operating income | 76A | €300 | €0 | -€300 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,049 | €11,790 | +€5,740 | +94.9% |
| Other operating charges | 640/8 | €5,412 | €2,904 | -€2,508 | -46.3% |
| Gross operating margin | 9900 | €5,362 | €15,521 | +€10,159 | +189% |
| Operating profit (loss) | 9901 | -€6,099 | €828 | +€6,926 | |
| Financial income | 75/76B | €23,107 | €28,585 | +€5,479 | +23.7% |
| Recurring financial income | 75 | €23,107 | €28,585 | +€5,479 | +23.7% |
| Financial charges | 65/66B | €3,811 | €3,551 | -€260 | -6.8% |
| Recurring financial charges | 65 | €3,811 | €3,551 | -€260 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €13,197 | €25,862 | +€12,665 | +96.0% |
| Income taxes | 67/77 | €4,608 | €5,754 | +€1,146 | +24.9% |
| Profit (loss) for the period | 9904 | €8,589 | €20,108 | +€11,519 | +134% |
| Profit (loss) for the period to be appropriated | 9905 | €8,589 | €20,108 | +€11,519 | +134% |
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 17 October 2026 via checked.be.