KUNZEA: what changed
Two fiscal 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.
KUNZEA
Largest movements
- Tangible fixed assets -€21,796
down €21,796 (-31.8%), from €68,480 to €46,684
of which Furniture and vehicles: -€24,332
- Cash -€9,991
down €9,991 (-28.1%), from €35,562 to €25,571
mainly Contributions, distributions and other (-€30,000) and Debts after one year (-€15,848)
- Receivables within one year +€7,195
up €7,195 (+82.0%), from €8,777 to €15,971
of which Trade receivables: +€15,278
- Deferred charges and accrued income -€5,160
down €5,160 (-88.8%), from €5,814 to €654
- Debts after one year -€15,848
no longer reported in 2025 (was €15,848)
- Other debts -€14,122
down €14,122 (-25.1%), from €56,245 to €42,124
- Gross operating margin +€6,094
up €6,094 (+10.9%), from €56,048 to €62,142
- Taxes +€3,236
up €3,236 (+37.6%), from €8,602 to €11,838
- Depreciation -€2,299
down €2,299 (-10.2%), from €22,532 to €20,233
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 | €118,632 | €88,880 | -€29,753 | -25.1% |
| Fixed assets | 21/28 | €68,480 | €46,684 | -€21,796 | -31.8% |
| Tangible fixed assets | 22/27 | €68,480 | €46,684 | -€21,796 | -31.8% |
| Plant, machinery and equipment | 23 | €1,058 | €3,594 | +€2,535 | +239.6% |
| Furniture and vehicles | 24 | €67,422 | €43,090 | -€24,332 | -36.1% |
| Current assets | 29/58 | €50,153 | €42,196 | -€7,956 | -15.9% |
| Amounts receivable within one year | 40/41 | €8,777 | €15,971 | +€7,195 | +82.0% |
| Trade receivables | 40 | - | €15,278 | +€15,278 | |
| Other amounts receivable | 41 | €8,777 | €694 | -€8,083 | -92.1% |
| Cash at bank and in hand | 54/58 | €35,562 | €25,571 | -€9,991 | -28.1% |
| Deferred charges and accrued income | 490/1 | €5,814 | €654 | -€5,160 | -88.8% |
| Total equity and liabilities | 10/49 | €118,632 | €88,880 | -€29,753 | -25.1% |
| Equity | 10/15 | €24,127 | €23,313 | -€814 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,372 | €4,372 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,372 | €4,372 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,156 | €342 | -€814 | -70.4% |
| Amounts payable | 17/49 | €94,505 | €65,567 | -€28,939 | -30.6% |
| Amounts payable after more than one year | 17 | €15,848 | - | -€15,848 | |
| Financial debts | 170/4 | €15,848 | - | -€15,848 | |
| Amounts payable within one year | 42/48 | €78,657 | €65,567 | -€13,091 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €15,269 | €15,848 | +€579 | +3.8% |
| Trade debts | 44 | €649 | €1,167 | +€519 | +80.0% |
| Suppliers | 440/4 | €649 | €1,167 | +€519 | +80.0% |
| Taxes, remuneration and social security | 45 | €6,495 | €6,428 | -€67 | -1.0% |
| Taxes | 450/3 | €6,495 | €6,428 | -€67 | -1.0% |
| Other amounts payable | 47/48 | €56,245 | €42,124 | -€14,122 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,532 | €20,233 | -€2,299 | -10.2% |
| Gross operating margin | 9900 | €56,048 | €62,142 | +€6,094 | +10.9% |
| Operating profit (loss) | 9901 | €33,516 | €41,909 | +€8,393 | +25.0% |
| Financial income | 75/76B | €412 | €107 | -€305 | -74.1% |
| Recurring financial income | 75 | €412 | €107 | -€305 | -74.1% |
| Financial charges | 65/66B | €1,550 | €991 | -€558 | -36.0% |
| Recurring financial charges | 65 | €1,550 | €991 | -€558 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €32,378 | €41,024 | +€8,646 | +26.7% |
| Income taxes | 67/77 | €8,602 | €11,838 | +€3,236 | +37.6% |
| Profit (loss) for the period | 9904 | €23,776 | €29,186 | +€5,410 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,776 | €29,186 | +€5,410 | +22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.