KUSTZORG: 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.
KUSTZORG
Largest movements
- Cash -€42,016
down €42,016 (-16.1%), from €261,337 to €219,321
mainly Net result for the year (-€48,146) and Tax, wage and social debts (-€14,003)
- Tangible fixed assets -€37,078
down €37,078 (-7.5%), from €493,092 to €456,014
of which Land and buildings: -€32,721
- Profit (loss) carried forward -€35,635
down €35,635 (-9.0%), from €393,922 to €358,287
- Tax, wage and social debts -€14,003
down €14,003 (-59.5%), from €23,516 to €9,513
of which Taxes: -€14,003
- Reserves -€12,511
down €12,511 (-6.3%), from €197,206 to €184,695
of which Tax-exempt reserves: -€12,511
- Gross operating margin -€69,330
down €69,330, from €67,824 to -€1,506
- Taxes -€12,676
down €12,676 (-98.6%), from €12,857 to €181
- Depreciation +€6,607
up €6,607 (+17.1%), from €38,597 to €45,204
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 | €778,896 | €704,466 | -€74,430 | -9.6% |
| Fixed assets | 21/28 | €495,823 | €458,745 | -€37,078 | -7.5% |
| Tangible fixed assets | 22/27 | €493,092 | €456,014 | -€37,078 | -7.5% |
| Land and buildings | 22 | €443,524 | €410,802 | -€32,721 | -7.4% |
| Plant, machinery and equipment | 23 | €3,356 | €8,343 | +€4,987 | +148.6% |
| Furniture and vehicles | 24 | €46,212 | €36,868 | -€9,344 | -20.2% |
| Financial fixed assets | 28 | €2,731 | €2,731 | = | 0.0% |
| Current assets | 29/58 | €283,073 | €245,721 | -€37,352 | -13.2% |
| Amounts receivable within one year | 40/41 | €20,154 | €20,592 | +€438 | +2.2% |
| Trade receivables | 40 | €20,154 | €7,464 | -€12,690 | -63.0% |
| Other amounts receivable | 41 | - | €13,128 | +€13,128 | |
| Cash at bank and in hand | 54/58 | €261,337 | €219,321 | -€42,016 | -16.1% |
| Deferred charges and accrued income | 490/1 | €1,583 | €5,808 | +€4,225 | +266.9% |
| Total equity and liabilities | 10/49 | €778,896 | €704,466 | -€74,430 | -9.6% |
| Equity | 10/15 | €653,150 | €605,004 | -€48,146 | -7.4% |
| Contributions | 10/11 | €62,022 | €62,022 | = | 0.0% |
| Capital | 10 | €62,022 | €62,022 | = | 0.0% |
| Issued capital | 100 | €62,022 | €62,022 | = | 0.0% |
| Reserves | 13 | €197,206 | €184,695 | -€12,511 | -6.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €104,406 | €91,895 | -€12,511 | -12.0% |
| Distributable reserves | 133 | €86,600 | €86,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,922 | €358,287 | -€35,635 | -9.0% |
| Provisions and deferred taxes | 16 | €24,542 | €21,414 | -€3,128 | -12.7% |
| Deferred taxes | 168 | €24,542 | €21,414 | -€3,128 | -12.7% |
| Amounts payable | 17/49 | €101,204 | €78,047 | -€23,157 | -22.9% |
| Amounts payable after more than one year | 17 | €64,296 | €56,632 | -€7,664 | -11.9% |
| Financial debts | 170/4 | €64,296 | €56,632 | -€7,664 | -11.9% |
| Amounts payable within one year | 42/48 | €36,908 | €21,415 | -€15,493 | -42.0% |
| Current portion of amounts payable after more than one year | 42 | €7,514 | €7,664 | +€150 | +2.0% |
| Trade debts | 44 | €2,631 | €4,239 | +€1,608 | +61.1% |
| Suppliers | 440/4 | €2,631 | €4,239 | +€1,608 | +61.1% |
| Taxes, remuneration and social security | 45 | €23,516 | €9,513 | -€14,003 | -59.5% |
| Taxes | 450/3 | €21,641 | €7,638 | -€14,003 | -64.7% |
| Remuneration and social security | 454/9 | €1,875 | €1,875 | = | 0.0% |
| Other amounts payable | 47/48 | €3,248 | €0 | -€3,248 | -100.0% |
| Non-recurring operating income | 76A | €8,470 | €0 | -€8,470 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,597 | €45,204 | +€6,607 | +17.1% |
| Other operating charges | 640/8 | €3,085 | €3,091 | +€6 | +0.2% |
| Gross operating margin | 9900 | €67,824 | -€1,506 | -€69,330 | |
| Operating profit (loss) | 9901 | €26,142 | -€49,800 | -€75,943 | |
| Financial income | 75/76B | €549 | €456 | -€93 | -16.9% |
| Recurring financial income | 75 | €549 | €456 | -€93 | -16.9% |
| Financial charges | 65/66B | €1,770 | €1,748 | -€22 | -1.2% |
| Recurring financial charges | 65 | €1,770 | €1,748 | -€22 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €24,921 | -€51,092 | -€76,013 | |
| Transfer from deferred taxes | 780 | €3,128 | €3,128 | = | 0.0% |
| Income taxes | 67/77 | €12,857 | €181 | -€12,676 | -98.6% |
| Profit (loss) for the period | 9904 | €15,192 | -€48,146 | -€63,337 | |
| Transfer from tax-exempt reserves | 789 | €12,511 | €12,511 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,702 | -€35,635 | -€63,337 |
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 6 October 2026 via checked.be.