KUMETCO: 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.
KUMETCO
Largest movements
- Receivables within one year +€54,453
up €54,453 (+18.0%), from €302,721 to €357,174
of which Other amounts receivable: +€33,648
- Tangible fixed assets -€51,345
down €51,345 (-8.0%), from €640,147 to €588,802
of which Furniture and vehicles: -€35,688
- Stocks and contracts -€34,802
down €34,802 (-8.4%), from €416,307 to €381,505
- Debts after one year -€128,278
down €128,278 (-46.0%), from €279,105 to €150,828
- Reserves +€54,590
up €54,590 (+19.2%), from €283,896 to €338,486
of which Distributable reserves: +€54,590
- Trade debts +€46,786
up €46,786 (+25.0%), from €186,950 to €233,736
- Other debts -€22,072
down €22,072 (-24.5%), from €90,145 to €68,072
- Gross operating margin +€19,819
up €19,819 (+4.4%), from €451,115 to €470,934
- Staff costs -€14,063
down €14,063 (-7.2%), from €195,383 to €181,319
- Financial charges -€10,659
down €10,659 (-21.3%), from €49,956 to €39,298
- Depreciation +€10,477
up €10,477 (+7.1%), from €147,319 to €157,796
- Other operating charges +€8,940
up €8,940 (+90.1%), from €9,921 to €18,861
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 | €1,467,502 | €1,414,907 | -€52,595 | -3.6% |
| Fixed assets | 21/28 | €660,377 | €604,802 | -€55,575 | -8.4% |
| Tangible fixed assets | 22/27 | €640,147 | €588,802 | -€51,345 | -8.0% |
| Land and buildings | 22 | €368,673 | €335,704 | -€32,969 | -8.9% |
| Plant, machinery and equipment | 23 | €100,856 | €118,168 | +€17,312 | +17.2% |
| Furniture and vehicles | 24 | €170,618 | €134,930 | -€35,688 | -20.9% |
| Financial fixed assets | 28 | €20,230 | €16,000 | -€4,230 | -20.9% |
| Current assets | 29/58 | €807,125 | €810,105 | +€2,980 | +0.4% |
| Stocks and contracts in progress | 3 | €416,307 | €381,505 | -€34,802 | -8.4% |
| Stocks | 30/36 | €416,307 | €381,505 | -€34,802 | -8.4% |
| Amounts receivable within one year | 40/41 | €302,721 | €357,174 | +€54,453 | +18.0% |
| Trade receivables | 40 | €225,190 | €245,995 | +€20,805 | +9.2% |
| Other amounts receivable | 41 | €77,531 | €111,179 | +€33,648 | +43.4% |
| Cash at bank and in hand | 54/58 | €84,558 | €71,426 | -€13,132 | -15.5% |
| Deferred charges and accrued income | 490/1 | €3,539 | - | -€3,539 | |
| Total equity and liabilities | 10/49 | €1,467,502 | €1,414,907 | -€52,595 | -3.6% |
| Equity | 10/15 | €413,013 | €467,613 | +€54,600 | +13.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €283,896 | €338,486 | +€54,590 | +19.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €277,696 | €332,286 | +€54,590 | +19.7% |
| Profit (loss) carried forward | 14 | €67,117 | €67,127 | +€10 | 0.0% |
| Provisions and deferred taxes | 16 | €52,280 | €52,280 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €52,280 | €52,280 | = | 0.0% |
| Pensions and similar obligations | 160 | €52,280 | €52,280 | = | 0.0% |
| Amounts payable | 17/49 | €1,002,208 | €895,013 | -€107,195 | -10.7% |
| Amounts payable after more than one year | 17 | €279,105 | €150,828 | -€128,278 | -46.0% |
| Financial debts | 170/4 | €279,105 | €150,828 | -€128,278 | -46.0% |
| Amounts payable within one year | 42/48 | €714,103 | €736,828 | +€22,725 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €388,897 | €378,278 | -€10,619 | -2.7% |
| Trade debts | 44 | €186,950 | €233,736 | +€46,786 | +25.0% |
| Suppliers | 440/4 | €186,950 | €233,736 | +€46,786 | +25.0% |
| Taxes, remuneration and social security | 45 | €48,112 | €56,742 | +€8,631 | +17.9% |
| Taxes | 450/3 | €36,695 | €45,922 | +€9,227 | +25.1% |
| Remuneration and social security | 454/9 | €11,417 | €10,820 | -€597 | -5.2% |
| Other amounts payable | 47/48 | €90,145 | €68,072 | -€22,072 | -24.5% |
| Accrued charges and deferred income | 492/3 | €9,000 | €7,358 | -€1,642 | -18.2% |
| Remuneration, social security and pensions | 62 | €195,383 | €181,319 | -€14,063 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,319 | €157,796 | +€10,477 | +7.1% |
| Other operating charges | 640/8 | €9,921 | €18,861 | +€8,940 | +90.1% |
| Gross operating margin | 9900 | €451,115 | €470,934 | +€19,819 | +4.4% |
| Operating profit (loss) | 9901 | €98,492 | €112,957 | +€14,466 | +14.7% |
| Financial income | 75/76B | €4,261 | €5,988 | +€1,727 | +40.5% |
| Recurring financial income | 75 | €4,261 | €5,988 | +€1,727 | +40.5% |
| Financial charges | 65/66B | €49,956 | €39,298 | -€10,659 | -21.3% |
| Recurring financial charges | 65 | €49,956 | €39,298 | -€10,659 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €52,797 | €79,647 | +€26,851 | +50.9% |
| Income taxes | 67/77 | €16,294 | €25,047 | +€8,754 | +53.7% |
| Profit (loss) for the period | 9904 | €36,503 | €54,600 | +€18,097 | +49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,503 | €54,600 | +€18,097 | +49.6% |
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 21 October 2026 via checked.be.