KUNA: 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.
KUNA
Largest movements
- Deferred charges and accrued income -€24,691
down €24,691 (-91.3%), from €27,038 to €2,347
- Cash -€6,006
down €6,006 (-19.2%), from €31,233 to €25,227
mainly Investment in fixed assets (net) (-€21,376) and Tax, wage and social debts (-€18,505)
- Tangible fixed assets -€5,261
down €5,261 (-4.5%), from €116,106 to €110,845
of which Plant, machinery and equipment: -€14,554
- Stocks and contracts +€4,390
up €4,390 (+25.1%), from €17,460 to €21,850
- Receivables within one year -€3,731
down €3,731 (-16.2%), from €23,081 to €19,350
of which Trade receivables: -€3,313
- Tax, wage and social debts -€18,505
down €18,505 (-37.6%), from €49,150 to €30,645
of which Taxes: -€17,337
- Debts after one year -€14,136
down €14,136 (-45.5%), from €31,047 to €16,911
- Reserves +€12,805
up €12,805 (+29.2%), from €43,816 to €56,621
- Advances received -€11,676
down €11,676 (-100%), from €11,676 to €0
- Accrued charges and deferred income -€5,249
down €5,249 (-100%), from €5,249 to €0
- Gross operating margin -€43,209
down €43,209 (-16.2%), from €266,563 to €223,354
- Staff costs -€26,948
down €26,948 (-14.6%), from €184,285 to €157,337
- Depreciation -€8,148
down €8,148 (-23.1%), from €35,297 to €27,149
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 | €216,899 | €181,087 | -€35,812 | -16.5% |
| Fixed assets | 21/28 | €118,086 | €112,313 | -€5,773 | -4.9% |
| Intangible fixed assets | 21 | €1,980 | €1,468 | -€511 | -25.8% |
| Tangible fixed assets | 22/27 | €116,106 | €110,845 | -€5,261 | -4.5% |
| Land and buildings | 22 | €23,356 | €36,511 | +€13,154 | +56.3% |
| Plant, machinery and equipment | 23 | €59,189 | €44,636 | -€14,554 | -24.6% |
| Furniture and vehicles | 24 | €33,560 | €29,699 | -€3,862 | -11.5% |
| Current assets | 29/58 | €98,813 | €68,774 | -€30,039 | -30.4% |
| Stocks and contracts in progress | 3 | €17,460 | €21,850 | +€4,390 | +25.1% |
| Stocks | 30/36 | €17,460 | €21,850 | +€4,390 | +25.1% |
| Amounts receivable within one year | 40/41 | €23,081 | €19,350 | -€3,731 | -16.2% |
| Trade receivables | 40 | €18,763 | €15,450 | -€3,313 | -17.7% |
| Other amounts receivable | 41 | €4,318 | €3,900 | -€418 | -9.7% |
| Cash at bank and in hand | 54/58 | €31,233 | €25,227 | -€6,006 | -19.2% |
| Deferred charges and accrued income | 490/1 | €27,038 | €2,347 | -€24,691 | -91.3% |
| Total equity and liabilities | 10/49 | €216,899 | €181,087 | -€35,812 | -16.5% |
| Equity | 10/15 | €48,816 | €61,621 | +€12,805 | +26.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,816 | €56,621 | +€12,805 | +29.2% |
| Distributable reserves | 133 | €43,816 | €56,621 | +€12,805 | +29.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €168,083 | €119,466 | -€48,617 | -28.9% |
| Amounts payable after more than one year | 17 | €31,047 | €16,911 | -€14,136 | -45.5% |
| Financial debts | 170/4 | €31,047 | €16,911 | -€14,136 | -45.5% |
| Amounts payable within one year | 42/48 | €131,787 | €102,555 | -€29,232 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €13,364 | €14,136 | +€773 | +5.8% |
| Trade debts | 44 | €6,964 | €11,345 | +€4,382 | +62.9% |
| Suppliers | 440/4 | €6,964 | €11,345 | +€4,382 | +62.9% |
| Advances received on contracts in progress | 46 | €11,676 | €0 | -€11,676 | -100% |
| Taxes, remuneration and social security | 45 | €49,150 | €30,645 | -€18,505 | -37.6% |
| Taxes | 450/3 | €31,906 | €14,569 | -€17,337 | -54.3% |
| Remuneration and social security | 454/9 | €17,243 | €16,076 | -€1,167 | -6.8% |
| Other amounts payable | 47/48 | €50,634 | €46,428 | -€4,206 | -8.3% |
| Accrued charges and deferred income | 492/3 | €5,249 | €0 | -€5,249 | -100% |
| Remuneration, social security and pensions | 62 | €184,285 | €157,337 | -€26,948 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,297 | €27,149 | -€8,148 | -23.1% |
| Other operating charges | 640/8 | €4,564 | €5,004 | +€439 | +9.6% |
| Gross operating margin | 9900 | €266,563 | €223,354 | -€43,209 | -16.2% |
| Operating profit (loss) | 9901 | €42,418 | €33,865 | -€8,552 | -20.2% |
| Financial income | 75/76B | €420 | €269 | -€151 | -35.9% |
| Recurring financial income | 75 | €420 | €269 | -€151 | -35.9% |
| Financial charges | 65/66B | €4,200 | €2,429 | -€1,771 | -42.2% |
| Recurring financial charges | 65 | €4,200 | €2,429 | -€1,771 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €38,638 | €31,706 | -€6,932 | -17.9% |
| Income taxes | 67/77 | €7,257 | €6,900 | -€357 | -4.9% |
| Profit (loss) for the period | 9904 | €31,381 | €24,805 | -€6,575 | -21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,381 | €24,805 | -€6,575 | -21.0% |
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 14 October 2026 via checked.be.