KUSMA: 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.
KUSMA
Largest movements
- Cash +€39,225
up €39,225 (+4285.2%), from €915 to €40,140
mainly Net result for the year (+€41,498) and Receivables within one year (+€15,573)
- Receivables within one year -€15,573
down €15,573 (-15.1%), from €103,242 to €87,669
of which Trade receivables: -€38,399
- Tangible fixed assets +€8,954
up €8,954 (+60.1%), from €14,891 to €23,845
of which Other tangible fixed assets: +€8,110
- Reserves +€45,775
up €45,775 (+58.6%), from €78,155 to €123,930
of which Distributable reserves: +€47,635
- Trade debts -€21,370
down €21,370 (-80.0%), from €26,721 to €5,351
- Tax, wage and social debts +€13,450
up €13,450, from €0 to €13,450
of which Taxes: +€13,200
- Profit (loss) carried forward -€4,277
down €4,277 (-100.0%), from €4,277 to €0
- Other debts +€1,768
up €1,768 (+136.4%), from €1,297 to €3,065
- Gross operating margin +€85,693
up €85,693, from -€7,597 to €78,096
- Staff costs +€23,425
up €23,425, from €0 to €23,425
- Taxes +€13,200
up €13,200, from €0 to €13,200
- Financial charges -€5,842
down €5,842 (-86.9%), from €6,724 to €882
- Other operating charges -€5,690
down €5,690 (-83.7%), from €6,802 to €1,111
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.
Cash bridge derived
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 | €128,899 | €164,246 | +€35,346 | +27.4% |
| Fixed assets | 21/28 | €21,491 | €30,445 | +€8,954 | +41.7% |
| Tangible fixed assets | 22/27 | €14,891 | €23,845 | +€8,954 | +60.1% |
| Plant, machinery and equipment | 23 | €1,674 | €1,626 | -€48 | -2.9% |
| Furniture and vehicles | 24 | €4,256 | €5,149 | +€893 | +21.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €8,961 | €17,070 | +€8,110 | +90.5% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €107,409 | €133,801 | +€26,392 | +24.6% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €103,242 | €87,669 | -€15,573 | -15.1% |
| Trade receivables | 40 | €41,540 | €3,141 | -€38,399 | -92.4% |
| Other amounts receivable | 41 | €61,702 | €84,528 | +€22,826 | +37.0% |
| Cash at bank and in hand | 54/58 | €915 | €40,140 | +€39,225 | +4285.2% |
| Deferred charges and accrued income | 490/1 | €3,251 | €4,491 | +€1,240 | +38.1% |
| Total equity and liabilities | 10/49 | €128,899 | €164,246 | +€35,346 | +27.4% |
| Equity | 10/15 | €100,881 | €142,380 | +€41,498 | +41.1% |
| Contributions | 10/11 | €18,450 | €18,450 | = | 0.0% |
| Reserves | 13 | €78,155 | €123,930 | +€45,775 | +58.6% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €76,295 | €123,930 | +€47,635 | +62.4% |
| Profit (loss) carried forward | 14 | €4,277 | €0 | -€4,277 | -100.0% |
| Amounts payable | 17/49 | €28,018 | €21,866 | -€6,152 | -22.0% |
| Amounts payable within one year | 42/48 | €28,018 | €21,866 | -€6,152 | -22.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €26,721 | €5,351 | -€21,370 | -80.0% |
| Suppliers | 440/4 | €26,721 | €5,351 | -€21,370 | -80.0% |
| Taxes, remuneration and social security | 45 | €0 | €13,450 | +€13,450 | |
| Taxes | 450/3 | €0 | €13,200 | +€13,200 | |
| Remuneration and social security | 454/9 | €0 | €250 | +€250 | |
| Other amounts payable | 47/48 | €1,297 | €3,065 | +€1,768 | +136.4% |
| Remuneration, social security and pensions | 62 | €0 | €23,425 | +€23,425 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,344 | €868 | -€1,476 | -63.0% |
| Other operating charges | 640/8 | €6,802 | €1,111 | -€5,690 | -83.7% |
| Gross operating margin | 9900 | -€7,597 | €78,096 | +€85,693 | |
| Operating profit (loss) | 9901 | -€16,742 | €52,692 | +€69,434 | |
| Financial income | 75/76B | €2,871 | €2,889 | +€17 | +0.6% |
| Recurring financial income | 75 | €2,871 | €2,889 | +€17 | +0.6% |
| Financial charges | 65/66B | €6,724 | €882 | -€5,842 | -86.9% |
| Recurring financial charges | 65 | €6,724 | €882 | -€5,842 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,595 | €54,698 | +€75,293 | |
| Income taxes | 67/77 | €0 | €13,200 | +€13,200 | |
| Profit (loss) for the period | 9904 | -€20,595 | €41,498 | +€62,094 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,595 | €41,498 | +€62,094 |
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 11 October 2026 via checked.be.