KUNDALINI: 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.
KUNDALINI
Largest movements
- Cash +€10,501
up €10,501 (+176%), from €5,962 to €16,463
mainly Receivables within one year (+€7,460) and Net result for the year (+€1,579)
- Receivables within one year -€7,460
down €7,460 (-99.5%), from €7,499 to €39
of which Trade receivables: -€7,260
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€955
down €955 (-14.9%), from €6,409 to €5,454
- Depreciation -€304
down €304 (-100%), from €304 to €0
- Other operating charges +€109
up €109 (+3.1%), from €3,574 to €3,684
- Financial charges -€105
down €105 (-44.6%), from €234 to €130
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 | €253,850 | €257,037 | +€3,187 | +1.3% |
| Fixed assets | 21/28 | €238,608 | €238,608 | = | 0.0% |
| Tangible fixed assets | 22/27 | €238,608 | €238,608 | = | 0.0% |
| Land and buildings | 22 | €238,608 | €238,608 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €15,242 | €18,428 | +€3,187 | +20.9% |
| Amounts receivable within one year | 40/41 | €7,499 | €39 | -€7,460 | -99.5% |
| Trade receivables | 40 | €7,260 | €0 | -€7,260 | -100% |
| Other amounts receivable | 41 | €239 | €39 | -€200 | -83.8% |
| Cash at bank and in hand | 54/58 | €5,962 | €16,463 | +€10,501 | +176% |
| Deferred charges and accrued income | 490/1 | €1,781 | €1,927 | +€146 | +8.2% |
| Total equity and liabilities | 10/49 | €253,850 | €257,037 | +€3,187 | +1.3% |
| Equity | 10/15 | €167,242 | €168,821 | +€1,579 | +0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €166,195 | €166,195 | = | 0.0% |
| Distributable reserves | 133 | €166,195 | €166,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,353 | -€9,774 | +€1,579 | +13.9% |
| Amounts payable | 17/49 | €86,608 | €88,216 | +€1,607 | +1.9% |
| Amounts payable after more than one year | 17 | €70,000 | €70,000 | = | 0.0% |
| Financial debts | 170/4 | €70,000 | €70,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,108 | €16,704 | +€1,595 | +10.6% |
| Trade debts | 44 | €572 | €1,434 | +€862 | +151% |
| Suppliers | 440/4 | €572 | €1,434 | +€862 | +151% |
| Taxes, remuneration and social security | 45 | €1,253 | €1,063 | -€190 | -15.2% |
| Taxes | 450/3 | €1,253 | €1,063 | -€190 | -15.2% |
| Other amounts payable | 47/48 | €13,284 | €14,207 | +€924 | +7.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,512 | +€12 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304 | €0 | -€304 | -100% |
| Other operating charges | 640/8 | €3,574 | €3,684 | +€109 | +3.1% |
| Gross operating margin | 9900 | €6,409 | €5,454 | -€955 | -14.9% |
| Operating profit (loss) | 9901 | €2,531 | €1,770 | -€761 | -30.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €234 | €130 | -€105 | -44.6% |
| Recurring financial charges | 65 | €234 | €130 | -€105 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €2,297 | €1,640 | -€656 | -28.6% |
| Income taxes | 67/77 | €61 | €61 | = | 0.0% |
| Profit (loss) for the period | 9904 | €2,236 | €1,579 | -€656 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,236 | €1,579 | -€656 | -29.4% |
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 19 October 2026 via checked.be.