KUMS KUMS: 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.
KUMS KUMS
Largest movements
- Receivables within one year -€55,214
down €55,214 (-76.4%), from €72,228 to €17,015
of which Trade receivables: -€47,069
- Cash -€9,689
down €9,689 (-43.2%), from €22,427 to €12,738
mainly Trade debts (-€50,840) and Net result for the year (-€12,524)
- Stocks and contracts +€1,259
up €1,259 (+19.4%), from €6,493 to €7,752
- Trade debts -€50,840
down €50,840 (-73.9%), from €68,827 to €17,986
- Profit (loss) carried forward -€12,524
down €12,524 (-44.0%), from -€28,441 to -€40,965
- Tax, wage and social debts -€2,148
down €2,148 (-7.4%), from €29,141 to €26,993
of which Taxes: -€2,169
- Staff costs +€28,981
up €28,981 (+19.6%), from €147,648 to €176,629
- Gross operating margin +€11,000
up €11,000 (+6.6%), from €165,475 to €176,475
- Other operating charges +€5,925
up €5,925 (+803.5%), from €737 to €6,662
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 | €114,117 | €48,605 | -€65,513 | -57.4% |
| Fixed assets | 21/28 | €11,900 | €10,511 | -€1,390 | -11.7% |
| Tangible fixed assets | 22/27 | €8,403 | €7,511 | -€892 | -10.6% |
| Land and buildings | 22 | €958 | €770 | -€188 | -19.6% |
| Plant, machinery and equipment | 23 | €2,977 | €3,038 | +€61 | +2.0% |
| Furniture and vehicles | 24 | €3,073 | €2,686 | -€387 | -12.6% |
| Other tangible fixed assets | 26 | €1,395 | €1,016 | -€379 | -27.1% |
| Financial fixed assets | 28 | €3,497 | €3,000 | -€497 | -14.2% |
| Current assets | 29/58 | €102,217 | €38,094 | -€64,123 | -62.7% |
| Stocks and contracts in progress | 3 | €6,493 | €7,752 | +€1,259 | +19.4% |
| Stocks | 30/36 | €6,493 | €7,752 | +€1,259 | +19.4% |
| Amounts receivable within one year | 40/41 | €72,228 | €17,015 | -€55,214 | -76.4% |
| Trade receivables | 40 | €52,307 | €5,238 | -€47,069 | -90.0% |
| Other amounts receivable | 41 | €19,922 | €11,777 | -€8,145 | -40.9% |
| Cash at bank and in hand | 54/58 | €22,427 | €12,738 | -€9,689 | -43.2% |
| Deferred charges and accrued income | 490/1 | €1,069 | €590 | -€480 | -44.9% |
| Total equity and liabilities | 10/49 | €114,117 | €48,605 | -€65,513 | -57.4% |
| Equity | 10/15 | €16,150 | €3,626 | -€12,524 | -77.5% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €35,591 | €35,591 | = | 0.0% |
| Distributable reserves | 133 | €35,591 | €35,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,441 | -€40,965 | -€12,524 | -44.0% |
| Amounts payable | 17/49 | €97,968 | €44,979 | -€52,989 | -54.1% |
| Amounts payable within one year | 42/48 | €97,968 | €44,979 | -€52,989 | -54.1% |
| Trade debts | 44 | €68,827 | €17,986 | -€50,840 | -73.9% |
| Suppliers | 440/4 | €68,827 | €17,986 | -€50,840 | -73.9% |
| Taxes, remuneration and social security | 45 | €29,141 | €26,993 | -€2,148 | -7.4% |
| Taxes | 450/3 | €8,997 | €6,828 | -€2,169 | -24.1% |
| Remuneration and social security | 454/9 | €20,144 | €20,165 | +€21 | +0.1% |
| Remuneration, social security and pensions | 62 | €147,648 | €176,629 | +€28,981 | +19.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,998 | €3,522 | -€476 | -11.9% |
| Other operating charges | 640/8 | €737 | €6,662 | +€5,925 | +803.5% |
| Gross operating margin | 9900 | €165,475 | €176,475 | +€11,000 | +6.6% |
| Operating profit (loss) | 9901 | €13,092 | -€10,338 | -€23,430 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €1,833 | €2,045 | +€212 | +11.6% |
| Recurring financial charges | 65 | €1,833 | €2,045 | +€212 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €11,267 | -€12,383 | -€23,650 | |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €11,127 | -€12,524 | -€23,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,127 | -€12,524 | -€23,651 |
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 6 October 2026 via checked.be.