KUNDALINI TECHNICS: 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 TECHNICS
Largest movements
- Receivables within one year -€15,051
down €15,051 (-9.2%), from €164,286 to €149,236
of which Trade receivables: -€12,006
- Tangible fixed assets -€8,953
down €8,953 (-12.3%), from €73,023 to €64,070
of which Land and buildings: -€8,720
- Deferred charges and accrued income -€3,116
down €3,116 (-24.6%), from €12,666 to €9,551
- Trade debts -€14,158
down €14,158 (-16.7%), from €84,790 to €70,632
- Tax, wage and social debts -€7,367
down €7,367 (-26.0%), from €28,363 to €20,996
of which Taxes: -€6,317
- Profit (loss) carried forward -€4,594
down €4,594 (-49.5%), from €9,277 to €4,683
- Debts after one year -€4,183
down €4,183 (-4.3%), from €96,458 to €92,275
- Current portion of long-term debt +€2,948
up €2,948 (+20.6%), from €14,315 to €17,263
- Turnover -€18,215
down €18,215 (-12.2%), from €149,494 to €131,280
- Gross operating margin -€10,273
down €10,273 (-56.1%), from €18,299 to €8,025
- Purchases and services -€7,941
down €7,941 (-6.0%), from €131,672 to €123,731
- Financial charges -€3,335
down €3,335 (-50.9%), from €6,547 to €3,212
of which Financial charges: -€2,934
- Other operating charges -€1,684
down €1,684 (-93.4%), from €1,802 to €119
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,442 | €253,113 | -€28,328 | -10.1% |
| Fixed assets | 21/28 | €73,023 | €64,070 | -€8,953 | -12.3% |
| Tangible fixed assets | 22/27 | €73,023 | €64,070 | -€8,953 | -12.3% |
| Land and buildings | 22 | €72,325 | €63,606 | -€8,720 | -12.1% |
| Plant, machinery and equipment | 23 | €697 | €464 | -€233 | -33.4% |
| Current assets | 29/58 | €208,419 | €189,043 | -€19,376 | -9.3% |
| Stocks and contracts in progress | 3 | €31,425 | €29,095 | -€2,329 | -7.4% |
| Stocks | 30/36 | €31,425 | €29,095 | -€2,329 | -7.4% |
| Amounts receivable within one year | 40/41 | €164,286 | €149,236 | -€15,051 | -9.2% |
| Trade receivables | 40 | €142,988 | €130,982 | -€12,006 | -8.4% |
| Other amounts receivable | 41 | €21,298 | €18,254 | -€3,045 | -14.3% |
| Cash at bank and in hand | 54/58 | €42 | €1,162 | +€1,120 | +2,671% |
| Deferred charges and accrued income | 490/1 | €12,666 | €9,551 | -€3,116 | -24.6% |
| Total equity and liabilities | 10/49 | €281,442 | €253,113 | -€28,328 | -10.1% |
| Equity | 10/15 | €53,277 | €48,683 | -€4,594 | -8.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,277 | €4,683 | -€4,594 | -49.5% |
| Amounts payable | 17/49 | €228,165 | €204,430 | -€23,735 | -10.4% |
| Amounts payable after more than one year | 17 | €96,458 | €92,275 | -€4,183 | -4.3% |
| Financial debts | 170/4 | €96,458 | €92,275 | -€4,183 | -4.3% |
| Amounts payable within one year | 42/48 | €129,525 | €109,871 | -€19,654 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €14,315 | €17,263 | +€2,948 | +20.6% |
| Trade debts | 44 | €84,790 | €70,632 | -€14,158 | -16.7% |
| Suppliers | 440/4 | €84,790 | €70,632 | -€14,158 | -16.7% |
| Taxes, remuneration and social security | 45 | €28,363 | €20,996 | -€7,367 | -26.0% |
| Taxes | 450/3 | €25,213 | €18,896 | -€6,317 | -25.1% |
| Remuneration and social security | 454/9 | €3,150 | €2,100 | -€1,050 | -33.3% |
| Other amounts payable | 47/48 | €2,057 | €979 | -€1,078 | -52.4% |
| Accrued charges and deferred income | 492/3 | €2,183 | €2,285 | +€103 | +4.7% |
| Turnover | 70 | €149,494 | €131,280 | -€18,215 | -12.2% |
| Non-recurring operating income | 76A | €476 | €476 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €131,672 | €123,731 | -€7,941 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,118 | €8,953 | -€165 | -1.8% |
| Other operating charges | 640/8 | €1,802 | €119 | -€1,684 | -93.4% |
| Gross operating margin | 9900 | €18,299 | €8,025 | -€10,273 | -56.1% |
| Operating profit (loss) | 9901 | €7,379 | -€1,046 | -€8,425 | |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €6,547 | €3,212 | -€3,335 | -50.9% |
| Recurring financial charges | 65 | €6,082 | €3,148 | -€2,934 | -48.2% |
| Non-recurring financial charges | 66B | €464 | €64 | -€400 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €840 | -€4,258 | -€5,098 | |
| Income taxes | 67/77 | - | €335 | +€335 | |
| Profit (loss) for the period | 9904 | €840 | -€4,594 | -€5,433 | |
| Profit (loss) for the period to be appropriated | 9905 | €840 | -€4,594 | -€5,433 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.