KUSADISA: 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.
KUSADISA
Largest movements
- Receivables after one year -€37,936
down €37,936 (-63.9%), from €59,383 to €21,447
- Receivables within one year +€11,855
up €11,855 (+28.0%), from €42,297 to €54,153
of which Trade receivables: +€7,808
- Cash +€8,102
up €8,102 (+3,867%), from €210 to €8,312
mainly Receivables after one year (+€37,936) and Other debts (+€34,149)
- Reserves -€39,933
down €39,933 (-63.9%), from €62,509 to €22,576
- Other debts +€34,149
new in 2025: €34,149
- Profit (loss) carried forward -€18,762
no longer reported in 2025 (was €18,762)
- Trade debts +€3,062
up €3,062 (+3,947%), from €78 to €3,139
- Tax, wage and social debts +€2,054
up €2,054 (+13.3%), from €15,463 to €17,517
- Gross operating margin +€3,782
up €3,782 (+15.4%), from €24,621 to €28,403
- Financial charges +€472
up €472 (+407%), from €116 to €587
- Taxes +€332
up €332 (+6.3%), from €5,295 to €5,627
- Other operating charges +€326
up €326 (+72.6%), from €449 to €775
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 | €101,890 | €83,948 | -€17,942 | -17.6% |
| Current assets | 29/58 | €101,890 | €83,948 | -€17,942 | -17.6% |
| Amounts receivable after more than one year | 29 | €59,383 | €21,447 | -€37,936 | -63.9% |
| Other amounts receivable | 291 | €59,383 | €21,447 | -€37,936 | -63.9% |
| Amounts receivable within one year | 40/41 | €42,297 | €54,153 | +€11,855 | +28.0% |
| Trade receivables | 40 | €8,174 | €15,981 | +€7,808 | +95.5% |
| Other amounts receivable | 41 | €34,124 | €38,172 | +€4,048 | +11.9% |
| Cash at bank and in hand | 54/58 | €210 | €8,312 | +€8,102 | +3,867% |
| Deferred charges and accrued income | 490/1 | - | €37 | +€37 | |
| Total equity and liabilities | 10/49 | €101,890 | €83,948 | -€17,942 | -17.6% |
| Equity | 10/15 | €84,270 | €25,576 | -€58,695 | -69.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,509 | €22,576 | -€39,933 | -63.9% |
| Distributable reserves | 133 | €62,509 | €22,576 | -€39,933 | -63.9% |
| Profit (loss) carried forward | 14 | €18,762 | - | -€18,762 | |
| Amounts payable | 17/49 | €17,620 | €58,373 | +€40,753 | +231% |
| Amounts payable within one year | 42/48 | €17,620 | €58,373 | +€40,753 | +231% |
| Current portion of amounts payable after more than one year | 42 | €2,079 | €3,567 | +€1,488 | +71.6% |
| Trade debts | 44 | €78 | €3,139 | +€3,062 | +3,947% |
| Suppliers | 440/4 | €78 | €3,139 | +€3,062 | +3,947% |
| Taxes, remuneration and social security | 45 | €15,463 | €17,517 | +€2,054 | +13.3% |
| Taxes | 450/3 | €15,463 | €17,517 | +€2,054 | +13.3% |
| Other amounts payable | 47/48 | - | €34,149 | +€34,149 | |
| Other operating charges | 640/8 | €449 | €775 | +€326 | +72.6% |
| Gross operating margin | 9900 | €24,621 | €28,403 | +€3,782 | +15.4% |
| Operating profit (loss) | 9901 | €24,172 | €27,629 | +€3,456 | +14.3% |
| Financial charges | 65/66B | €116 | €587 | +€472 | +407% |
| Recurring financial charges | 65 | €116 | €587 | +€472 | +407% |
| Profit (loss) for the period before taxes | 9903 | €24,057 | €27,041 | +€2,984 | +12.4% |
| Income taxes | 67/77 | €5,295 | €5,627 | +€332 | +6.3% |
| Profit (loss) for the period | 9904 | €18,762 | €21,414 | +€2,652 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,762 | €21,414 | +€2,652 | +14.1% |
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 20 October 2026 via checked.be.