KUMULUS: 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.
KUMULUS
Largest movements
- Cash +€20,082
up €20,082 (+42.5%), from €47,246 to €67,328
mainly Net result for the year (+€37,662) and Depreciation (+€15,967)
- Tangible fixed assets -€6,631
down €6,631 (-9.7%), from €68,142 to €61,511
of which Furniture and vehicles: -€13,817
- Profit (loss) carried forward +€37,662
up €37,662 (+118.2%), from €31,861 to €69,523
- Debts after one year -€14,322
down €14,322 (-46.3%), from €30,944 to €16,622
- Other debts -€13,348
down €13,348 (-44.5%), from €30,014 to €16,666
- Tax, wage and social debts +€6,705
up €6,705 (+21.9%), from €30,637 to €37,342
of which Taxes: +€11,220
- Trade debts -€3,956
down €3,956 (-80.4%), from €4,920 to €964
- Gross operating margin +€18,820
up €18,820 (+36.7%), from €51,255 to €70,075
- Depreciation +€7,798
up €7,798 (+95.4%), from €8,169 to €15,967
- Taxes +€2,923
up €2,923 (+33.7%), from €8,684 to €11,607
- Financial charges +€1,514
up €1,514 (+90.2%), from €1,678 to €3,192
- Other operating charges +€785
up €785 (+91.0%), from €863 to €1,648
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 | €143,946 | €157,974 | +€14,028 | +9.7% |
| Fixed assets | 21/28 | €68,142 | €61,511 | -€6,631 | -9.7% |
| Tangible fixed assets | 22/27 | €68,142 | €61,511 | -€6,631 | -9.7% |
| Plant, machinery and equipment | 23 | - | €923 | +€923 | |
| Furniture and vehicles | 24 | €66,120 | €52,303 | -€13,817 | -20.9% |
| Other tangible fixed assets | 26 | €2,023 | €8,285 | +€6,263 | +309.6% |
| Current assets | 29/58 | €75,804 | €96,463 | +€20,659 | +27.3% |
| Amounts receivable within one year | 40/41 | €26,782 | €27,761 | +€979 | +3.7% |
| Trade receivables | 40 | €26,564 | €27,403 | +€839 | +3.2% |
| Other amounts receivable | 41 | €218 | €358 | +€140 | +64.2% |
| Cash at bank and in hand | 54/58 | €47,246 | €67,328 | +€20,082 | +42.5% |
| Deferred charges and accrued income | 490/1 | €1,776 | €1,374 | -€402 | -22.6% |
| Total equity and liabilities | 10/49 | €143,946 | €157,974 | +€14,028 | +9.7% |
| Equity | 10/15 | €32,861 | €70,523 | +€37,662 | +114.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,861 | €69,523 | +€37,662 | +118.2% |
| Amounts payable | 17/49 | €111,085 | €87,450 | -€23,634 | -21.3% |
| Amounts payable after more than one year | 17 | €30,944 | €16,622 | -€14,322 | -46.3% |
| Financial debts | 170/4 | €30,944 | €16,622 | -€14,322 | -46.3% |
| Amounts payable within one year | 42/48 | €79,321 | €69,294 | -€10,027 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €13,750 | €14,322 | +€572 | +4.2% |
| Trade debts | 44 | €4,920 | €964 | -€3,956 | -80.4% |
| Suppliers | 440/4 | €4,920 | €964 | -€3,956 | -80.4% |
| Taxes, remuneration and social security | 45 | €30,637 | €37,342 | +€6,705 | +21.9% |
| Taxes | 450/3 | €26,122 | €37,342 | +€11,220 | +43.0% |
| Remuneration and social security | 454/9 | €4,515 | €0 | -€4,515 | -100.0% |
| Other amounts payable | 47/48 | €30,014 | €16,666 | -€13,348 | -44.5% |
| Accrued charges and deferred income | 492/3 | €820 | €1,534 | +€714 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,169 | €15,967 | +€7,798 | +95.4% |
| Other operating charges | 640/8 | €863 | €1,648 | +€785 | +91.0% |
| Gross operating margin | 9900 | €51,255 | €70,075 | +€18,820 | +36.7% |
| Operating profit (loss) | 9901 | €42,223 | €52,461 | +€10,237 | +24.2% |
| Financial charges | 65/66B | €1,678 | €3,192 | +€1,514 | +90.2% |
| Recurring financial charges | 65 | €1,678 | €3,192 | +€1,514 | +90.2% |
| Profit (loss) for the period before taxes | 9903 | €40,545 | €49,269 | +€8,724 | +21.5% |
| Income taxes | 67/77 | €8,684 | €11,607 | +€2,923 | +33.7% |
| Profit (loss) for the period | 9904 | €31,861 | €37,662 | +€5,801 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,861 | €37,662 | +€5,801 | +18.2% |
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 9 October 2026 via checked.be.