KUTILOSA: 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.
KUTILOSA
Largest movements
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Cash +€73,555
up €73,555 (+84.5%), from €87,021 to €160,575
mainly Current investments (+€150,000) and Net result for the year (+€22,233)
- Receivables after one year +€69,255
up €69,255 (+272.6%), from €25,403 to €94,659
- Reserves +€22,233
up €22,233 (+13.8%), from €161,429 to €183,663
of which Distributable reserves: +€22,233
- Debts after one year -€18,749
down €18,749 (-14.5%), from €129,205 to €110,456
- Financial income -€67,782
down €67,782 (-91.5%), from €74,108 to €6,326
of which Non-recurring financial income: -€67,752
- Taxes -€5,074
down €5,074 (-27.9%), from €18,157 to €13,083
- Gross operating margin +€3,350
up €3,350 (+7.6%), from €43,911 to €47,261
- Other operating charges +€1,037
up €1,037 (+107.9%), from €961 to €1,999
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 | €1,750,041 | €1,737,386 | -€12,655 | -0.7% |
| Fixed assets | 21/28 | €1,475,411 | €1,469,931 | -€5,480 | -0.4% |
| Tangible fixed assets | 22/27 | €224,161 | €210,681 | -€13,480 | -6.0% |
| Land and buildings | 22 | €203,916 | €197,087 | -€6,830 | -3.3% |
| Furniture and vehicles | 24 | €16,535 | €9,884 | -€6,651 | -40.2% |
| Other tangible fixed assets | 26 | €3,710 | €3,710 | = | 0.0% |
| Financial fixed assets | 28 | €1,251,250 | €1,259,250 | +€8,000 | +0.6% |
| Current assets | 29/58 | €274,631 | €267,456 | -€7,175 | -2.6% |
| Amounts receivable after more than one year | 29 | €25,403 | €94,659 | +€69,255 | +272.6% |
| Other amounts receivable | 291 | €25,403 | €94,659 | +€69,255 | +272.6% |
| Amounts receivable within one year | 40/41 | €10,505 | €10,084 | -€421 | -4.0% |
| Trade receivables | 40 | €10,505 | €10,084 | -€421 | -4.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €87,021 | €160,575 | +€73,555 | +84.5% |
| Deferred charges and accrued income | 490/1 | €1,701 | €2,138 | +€436 | +25.6% |
| Total equity and liabilities | 10/49 | €1,750,041 | €1,737,386 | -€12,655 | -0.7% |
| Equity | 10/15 | €854,429 | €876,663 | +€22,233 | +2.6% |
| Contributions | 10/11 | €693,000 | €693,000 | = | 0.0% |
| Reserves | 13 | €161,429 | €183,663 | +€22,233 | +13.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €161,429 | €183,663 | +€22,233 | +13.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €895,612 | €860,724 | -€34,888 | -3.9% |
| Amounts payable after more than one year | 17 | €129,205 | €110,456 | -€18,749 | -14.5% |
| Financial debts | 170/4 | €129,205 | €110,456 | -€18,749 | -14.5% |
| Amounts payable within one year | 42/48 | €765,402 | €749,269 | -€16,133 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €20,756 | €18,749 | -€2,007 | -9.7% |
| Trade debts | 44 | €662 | €539 | -€123 | -18.6% |
| Suppliers | 440/4 | €662 | €539 | -€123 | -18.6% |
| Taxes, remuneration and social security | 45 | €7,695 | €9,480 | +€1,785 | +23.2% |
| Taxes | 450/3 | €7,695 | €9,480 | +€1,785 | +23.2% |
| Other amounts payable | 47/48 | €736,289 | €720,501 | -€15,789 | -2.1% |
| Accrued charges and deferred income | 492/3 | €1,005 | €998 | -€7 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,480 | €13,480 | = | 0.0% |
| Other operating charges | 640/8 | €961 | €1,999 | +€1,037 | +107.9% |
| Gross operating margin | 9900 | €43,911 | €47,261 | +€3,350 | +7.6% |
| Operating profit (loss) | 9901 | €29,470 | €31,783 | +€2,313 | +7.8% |
| Financial income | 75/76B | €74,108 | €6,326 | -€67,782 | -91.5% |
| Recurring financial income | 75 | €6,356 | €6,326 | -€31 | -0.5% |
| Non-recurring financial income | 76B | €67,752 | €0 | -€67,752 | -100.0% |
| Financial charges | 65/66B | €3,209 | €2,792 | -€417 | -13.0% |
| Recurring financial charges | 65 | €3,209 | €2,792 | -€417 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €100,368 | €35,317 | -€65,052 | -64.8% |
| Income taxes | 67/77 | €18,157 | €13,083 | -€5,074 | -27.9% |
| Profit (loss) for the period | 9904 | €82,211 | €22,233 | -€59,978 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €82,211 | €22,233 | -€59,978 | -73.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.