KUMSAL: 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.
KUMSAL
Largest movements
- Tangible fixed assets -€10,158
down €10,158 (-55.4%), from €18,349 to €8,191
- Receivables within one year +€6,044
up €6,044 (+145.1%), from €4,166 to €10,210
- Cash +€1,063
up €1,063 (+25.5%), from €4,162 to €5,225
mainly Depreciation (+€8,191) and Investment in fixed assets (net) (+€1,967)
- Other debts -€2,425
down €2,425 (-76.4%), from €3,174 to €749
- Trade debts -€1,916
down €1,916 (-19.6%), from €9,790 to €7,874
of which Bills of exchange payable: -€4,790
- Profit (loss) carried forward +€1,290
up €1,290 (+9.8%), from €13,213 to €14,503
- Gross operating margin -€7,360
down €7,360 (-31.7%), from €23,246 to €15,886
- Taxes +€2,891
new in 2023: €2,891
- Other operating charges +€1,026
up €1,026 (+151.1%), from €679 to €1,705
- Depreciation -€983
down €983 (-10.7%), from €9,174 to €8,191
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,677 | €23,626 | -€3,051 | -11.4% |
| Fixed assets | 21/28 | €18,349 | €8,191 | -€10,158 | -55.4% |
| Tangible fixed assets | 22/27 | €18,349 | €8,191 | -€10,158 | -55.4% |
| Furniture and vehicles | 24 | €18,349 | €8,191 | -€10,158 | -55.4% |
| Current assets | 29/58 | €8,328 | €15,435 | +€7,107 | +85.3% |
| Amounts receivable within one year | 40/41 | €4,166 | €10,210 | +€6,044 | +145.1% |
| Other amounts receivable | 41 | €4,166 | €10,210 | +€6,044 | +145.1% |
| Cash at bank and in hand | 54/58 | €4,162 | €5,225 | +€1,063 | +25.5% |
| Total equity and liabilities | 10/49 | €26,677 | €23,626 | -€3,051 | -11.4% |
| Equity | 10/15 | €13,713 | €15,003 | +€1,290 | +9.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,213 | €14,503 | +€1,290 | +9.8% |
| Amounts payable | 17/49 | €12,964 | €8,623 | -€4,341 | -33.5% |
| Amounts payable within one year | 42/48 | €12,964 | €8,623 | -€4,341 | -33.5% |
| Trade debts | 44 | €9,790 | €7,874 | -€1,916 | -19.6% |
| Suppliers | 440/4 | €5,000 | €7,874 | +€2,874 | +57.5% |
| Bills of exchange payable | 441 | €4,790 | - | -€4,790 | |
| Other amounts payable | 47/48 | €3,174 | €749 | -€2,425 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,174 | €8,191 | -€983 | -10.7% |
| Other operating charges | 640/8 | €679 | €1,705 | +€1,026 | +151.1% |
| Non-recurring operating charges | 66A | €130 | €1,809 | +€1,679 | +1291.5% |
| Gross operating margin | 9900 | €23,246 | €15,886 | -€7,360 | -31.7% |
| Operating profit (loss) | 9901 | €13,263 | €4,181 | -€9,082 | -68.5% |
| Financial charges | 65/66B | €50 | - | -€50 | |
| Recurring financial charges | 65 | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | €13,213 | €4,181 | -€9,032 | -68.4% |
| Income taxes | 67/77 | - | €2,891 | +€2,891 | |
| Profit (loss) for the period | 9904 | €13,213 | €1,290 | -€11,923 | -90.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,213 | €1,290 | -€11,923 | -90.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.