KUST PROPERTY: 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.
KUST PROPERTY
Largest movements
- Receivables within one year +€53,127
up €53,127 (+24.2%), from €219,871 to €272,999
of which Other amounts receivable: +€49,746
- Cash -€41,834
down €41,834 (-83.4%), from €50,147 to €8,313
mainly Receivables within one year (-€53,127) and Net result for the year (-€16,646)
- Tangible fixed assets -€22,770
down €22,770 (-1.7%), from €1.3m to €1.3m
- Reserves -€16,461
down €16,461 (-3.5%), from €476,768 to €460,307
- Gross operating margin -€10,139
down €10,139 (-48.9%), from €20,750 to €10,610
- Financial income +€1,155
up €1,155 (+26.4%), from €4,370 to €5,525
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 | €1,578,366 | €1,565,448 | -€12,918 | -0.8% |
| Fixed assets | 21/28 | €1,303,997 | €1,281,227 | -€22,770 | -1.7% |
| Tangible fixed assets | 22/27 | €1,303,997 | €1,281,227 | -€22,770 | -1.7% |
| Land and buildings | 22 | €1,303,997 | €1,281,227 | -€22,770 | -1.7% |
| Current assets | 29/58 | €274,369 | €284,221 | +€9,852 | +3.6% |
| Amounts receivable within one year | 40/41 | €219,871 | €272,999 | +€53,127 | +24.2% |
| Trade receivables | 40 | - | €3,381 | +€3,381 | |
| Other amounts receivable | 41 | €219,871 | €269,618 | +€49,746 | +22.6% |
| Cash at bank and in hand | 54/58 | €50,147 | €8,313 | -€41,834 | -83.4% |
| Deferred charges and accrued income | 490/1 | €4,351 | €2,909 | -€1,441 | -33.1% |
| Total equity and liabilities | 10/49 | €1,578,366 | €1,565,448 | -€12,918 | -0.8% |
| Equity | 10/15 | €1,576,306 | €1,559,660 | -€16,646 | -1.1% |
| Contributions | 10/11 | €122,333 | €122,333 | = | 0.0% |
| Revaluation surpluses | 12 | €977,205 | €977,019 | -€186 | 0.0% |
| Reserves | 13 | €476,768 | €460,307 | -€16,461 | -3.5% |
| Distributable reserves | 133 | €476,768 | €460,307 | -€16,461 | -3.5% |
| Amounts payable | 17/49 | €2,059 | €5,788 | +€3,729 | +181.1% |
| Amounts payable within one year | 42/48 | €1,972 | €5,699 | +€3,727 | +189.0% |
| Trade debts | 44 | €1,972 | €5,699 | +€3,727 | +189.0% |
| Suppliers | 440/4 | €1,972 | €5,699 | +€3,727 | +189.0% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,770 | €22,770 | = | 0.0% |
| Other operating charges | 640/8 | €9,883 | €9,922 | +€39 | +0.4% |
| Gross operating margin | 9900 | €20,750 | €10,610 | -€10,139 | -48.9% |
| Operating profit (loss) | 9901 | -€11,903 | -€22,081 | -€10,178 | -85.5% |
| Financial income | 75/76B | €4,370 | €5,525 | +€1,155 | +26.4% |
| Recurring financial income | 75 | €4,370 | €5,525 | +€1,155 | +26.4% |
| Financial charges | 65/66B | €85 | €90 | +€5 | +5.5% |
| Recurring financial charges | 65 | €85 | €90 | +€5 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,619 | -€16,646 | -€9,028 | -118.5% |
| Profit (loss) for the period | 9904 | -€7,619 | -€16,646 | -€9,028 | -118.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,619 | -€16,646 | -€9,028 | -118.5% |
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 5 October 2026 via checked.be.