Kunal: 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.
Kunal
Largest movements
- Receivables within one year +€18,027
up €18,027 (+127%), from €14,185 to €32,212
of which Trade receivables: +€28,795
- Cash -€6,300
down €6,300 (-32.9%), from €19,131 to €12,832
mainly Receivables within one year (-€18,027) and Other debts (-€7,794)
- Deferred charges and accrued income +€2,180
up €2,180 (+1,683%), from €130 to €2,310
- Trade debts +€14,881
up €14,881 (+103%), from €14,506 to €29,388
- Advances received +€10,617
new in 2025: €10,617
- Other debts -€7,794
down €7,794 (-27.7%), from €28,153 to €20,359
- Tax, wage and social debts -€5,552
down €5,552 (-79.5%), from €6,988 to €1,436
of which Remuneration and social security: -€5,608
- Reserves +€1,657
up €1,657 (+6.4%), from €25,897 to €27,554
of which Distributable reserves: +€1,657
- Depreciation -€2,296
down €2,296 (-78.0%), from €2,945 to €649
- Gross operating margin +€2,109
up €2,109 (+27.7%), from €7,619 to €9,728
- Other operating charges +€2,017
up €2,017 (+91.4%), from €2,206 to €4,224
- Financial income -€741
down €741 (-99.9%), from €742 to €0
- Taxes +€483
up €483 (+116%), from €416 to €900
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 | €87,944 | €101,753 | +€13,810 | +15.7% |
| Fixed assets | 21/28 | €3,649 | €3,000 | -€649 | -17.8% |
| Tangible fixed assets | 22/27 | €649 | - | -€649 | |
| Plant, machinery and equipment | 23 | €649 | - | -€649 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €84,295 | €98,753 | +€14,458 | +17.2% |
| Stocks and contracts in progress | 3 | €50,849 | €51,400 | +€551 | +1.1% |
| Stocks | 30/36 | €50,849 | €51,400 | +€551 | +1.1% |
| Amounts receivable within one year | 40/41 | €14,185 | €32,212 | +€18,027 | +127% |
| Trade receivables | 40 | - | €28,795 | +€28,795 | |
| Other amounts receivable | 41 | €14,185 | €3,418 | -€10,768 | -75.9% |
| Cash at bank and in hand | 54/58 | €19,131 | €12,832 | -€6,300 | -32.9% |
| Deferred charges and accrued income | 490/1 | €130 | €2,310 | +€2,180 | +1,683% |
| Total equity and liabilities | 10/49 | €87,944 | €101,753 | +€13,810 | +15.7% |
| Equity | 10/15 | €38,297 | €39,954 | +€1,657 | +4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,897 | €27,554 | +€1,657 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,037 | €25,694 | +€1,657 | +6.9% |
| Amounts payable | 17/49 | €49,647 | €61,799 | +€12,152 | +24.5% |
| Amounts payable within one year | 42/48 | €49,647 | €61,799 | +€12,152 | +24.5% |
| Trade debts | 44 | €14,506 | €29,388 | +€14,881 | +103% |
| Suppliers | 440/4 | €14,506 | €29,388 | +€14,881 | +103% |
| Advances received on contracts in progress | 46 | - | €10,617 | +€10,617 | |
| Taxes, remuneration and social security | 45 | €6,988 | €1,436 | -€5,552 | -79.5% |
| Taxes | 450/3 | €1,380 | €1,436 | +€56 | +4.0% |
| Remuneration and social security | 454/9 | €5,608 | - | -€5,608 | |
| Other amounts payable | 47/48 | €28,153 | €20,359 | -€7,794 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,945 | €649 | -€2,296 | -78.0% |
| Other operating charges | 640/8 | €2,206 | €4,224 | +€2,017 | +91.4% |
| Gross operating margin | 9900 | €7,619 | €9,728 | +€2,109 | +27.7% |
| Operating profit (loss) | 9901 | €2,468 | €4,856 | +€2,388 | +96.8% |
| Financial income | 75/76B | €742 | €0 | -€741 | -99.9% |
| Recurring financial income | 75 | €742 | €0 | -€741 | -99.9% |
| Financial charges | 65/66B | €2,441 | €2,299 | -€142 | -5.8% |
| Recurring financial charges | 65 | €2,441 | €2,299 | -€142 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €768 | €2,557 | +€1,789 | +233% |
| Income taxes | 67/77 | €416 | €900 | +€483 | +116% |
| Profit (loss) for the period | 9904 | €352 | €1,657 | +€1,306 | +371% |
| Profit (loss) for the period to be appropriated | 9905 | €352 | €1,657 | +€1,306 | +371% |
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 13 October 2026 via checked.be.