KUSSÉ PETER: 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.
KUSSÉ PETER
Largest movements
- Current investments +€154,459
new in 2025: €154,459
- Cash -€142,902
down €142,902 (-67.1%), from €213,036 to €70,134
mainly Current investments (-€154,459) and Contributions, distributions and other (-€77,807)
- Receivables within one year -€15,629
down €15,629 (-16.7%), from €93,560 to €77,931
of which Other amounts receivable: -€14,101
- Tangible fixed assets +€11,237
up €11,237 (+14.6%), from €76,978 to €88,215
of which Plant, machinery and equipment: +€14,371
- Deferred charges and accrued income -€8,671
down €8,671 (-50.9%), from €17,019 to €8,348
- Tax, wage and social debts +€6,512
up €6,512 (+41.7%), from €15,600 to €22,111
of which Taxes: +€3,455
- Reserves -€5,822
down €5,822 (-6.2%), from €93,416 to €87,594
of which Distributable reserves: -€5,822
- Gross operating margin +€40,110
up €40,110 (+29.3%), from €136,731 to €176,841
- Taxes +€22,224
up €22,224 (+473%), from €4,699 to €26,924
- Depreciation -€20,066
down €20,066 (-50.9%), from €39,432 to €19,366
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 | €400,593 | €399,088 | -€1,505 | -0.4% |
| Fixed assets | 21/28 | €76,978 | €88,215 | +€11,237 | +14.6% |
| Tangible fixed assets | 22/27 | €76,978 | €88,215 | +€11,237 | +14.6% |
| Land and buildings | 22 | €25,145 | €21,192 | -€3,953 | -15.7% |
| Plant, machinery and equipment | 23 | €50,722 | €65,093 | +€14,371 | +28.3% |
| Furniture and vehicles | 24 | €1,112 | €1,931 | +€819 | +73.7% |
| Current assets | 29/58 | €323,615 | €310,872 | -€12,742 | -3.9% |
| Amounts receivable within one year | 40/41 | €93,560 | €77,931 | -€15,629 | -16.7% |
| Trade receivables | 40 | €1,528 | - | -€1,528 | |
| Other amounts receivable | 41 | €92,032 | €77,931 | -€14,101 | -15.3% |
| Current investments | 50/53 | - | €154,459 | +€154,459 | |
| Cash at bank and in hand | 54/58 | €213,036 | €70,134 | -€142,902 | -67.1% |
| Deferred charges and accrued income | 490/1 | €17,019 | €8,348 | -€8,671 | -50.9% |
| Total equity and liabilities | 10/49 | €400,593 | €399,088 | -€1,505 | -0.4% |
| Equity | 10/15 | €368,324 | €362,502 | -€5,822 | -1.6% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €93,416 | €87,594 | -€5,822 | -6.2% |
| Tax-exempt reserves | 132 | €712 | €712 | = | 0.0% |
| Distributable reserves | 133 | €92,704 | €86,883 | -€5,822 | -6.3% |
| Profit (loss) carried forward | 14 | €262,513 | €262,513 | = | 0.0% |
| Amounts payable | 17/49 | €32,269 | €36,586 | +€4,317 | +13.4% |
| Amounts payable within one year | 42/48 | €31,629 | €35,946 | +€4,317 | +13.6% |
| Trade debts | 44 | €6,130 | €3,835 | -€2,295 | -37.4% |
| Suppliers | 440/4 | €6,130 | €3,835 | -€2,295 | -37.4% |
| Taxes, remuneration and social security | 45 | €15,600 | €22,111 | +€6,512 | +41.7% |
| Taxes | 450/3 | €8,204 | €11,658 | +€3,455 | +42.1% |
| Remuneration and social security | 454/9 | €7,396 | €10,453 | +€3,057 | +41.3% |
| Other amounts payable | 47/48 | €9,900 | €10,000 | +€100 | +1.0% |
| Accrued charges and deferred income | 492/3 | €640 | €640 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €50,937 | €50,618 | -€318 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,432 | €19,366 | -€20,066 | -50.9% |
| Other operating charges | 640/8 | €8,408 | €8,538 | +€130 | +1.5% |
| Gross operating margin | 9900 | €136,731 | €176,841 | +€40,110 | +29.3% |
| Operating profit (loss) | 9901 | €37,954 | €98,320 | +€60,365 | +159% |
| Financial income | 75/76B | €1,596 | €2,471 | +€875 | +54.8% |
| Recurring financial income | 75 | €1,596 | €2,471 | +€875 | +54.8% |
| Financial charges | 65/66B | €1,912 | €1,882 | -€30 | -1.6% |
| Recurring financial charges | 65 | €1,912 | €1,882 | -€30 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €37,638 | €98,908 | +€61,270 | +163% |
| Income taxes | 67/77 | €4,699 | €26,924 | +€22,224 | +473% |
| Profit (loss) for the period | 9904 | €32,939 | €71,985 | +€39,046 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €32,939 | €71,985 | +€39,046 | +119% |
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 13 October 2026 via checked.be.