KUTLU: 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.
KUTLU
Largest movements
- Cash +€492
up €492 (+18.0%), from €2,731 to €3,223
mainly Depreciation (+€2,686) and Net result for the year (+€814)
- Tangible fixed assets -€292
down €292 (-1.3%), from €23,182 to €22,890
of which Plant, machinery and equipment: -€470
- Debts after one year -€1,000
down €1,000 (-10.5%), from €9,500 to €8,500
of which Financial debts: -€1,000
- Profit (loss) carried forward +€814
up €814 (+9.4%), from €8,677 to €9,491
- Tax, wage and social debts +€403
up €403 (+40.3%), from €1,001 to €1,404
- Gross operating margin -€1,667
down €1,667 (-25.8%), from €6,451 to €4,784
- Depreciation -€358
down €358 (-11.8%), from €3,044 to €2,686
- Taxes +€270
up €270 (+51.8%), from €521 to €791
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 | €25,913 | €26,113 | +€200 | +0.8% |
| Fixed assets | 21/28 | €23,182 | €22,890 | -€292 | -1.3% |
| Tangible fixed assets | 22/27 | €23,182 | €22,890 | -€292 | -1.3% |
| Plant, machinery and equipment | 23 | €23,182 | €22,712 | -€470 | -2.0% |
| Furniture and vehicles | 24 | - | €178 | +€178 | |
| Current assets | 29/58 | €2,731 | €3,223 | +€492 | +18.0% |
| Cash at bank and in hand | 54/58 | €2,731 | €3,223 | +€492 | +18.0% |
| Total equity and liabilities | 10/49 | €25,913 | €26,113 | +€200 | +0.8% |
| Equity | 10/15 | €14,875 | €15,689 | +€814 | +5.5% |
| Contributions | 10/11 | €6,198 | €6,198 | = | 0.0% |
| Capital | 10 | €6,198 | €6,198 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,394 | €12,394 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,677 | €9,491 | +€814 | +9.4% |
| Amounts payable | 17/49 | €11,038 | €10,424 | -€614 | -5.6% |
| Amounts payable after more than one year | 17 | €9,500 | €8,500 | -€1,000 | -10.5% |
| Financial debts | 170/4 | €9,500 | €8,500 | -€1,000 | -10.5% |
| Trade debts | 175 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,538 | €1,924 | +€386 | +25.1% |
| Trade debts | 44 | - | €52 | +€52 | |
| Suppliers | 440/4 | - | €52 | +€52 | |
| Taxes, remuneration and social security | 45 | €1,001 | €1,404 | +€403 | +40.3% |
| Taxes | 450/3 | €1,001 | €1,404 | +€403 | +40.3% |
| Other amounts payable | 47/48 | €537 | €468 | -€69 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,044 | €2,686 | -€358 | -11.8% |
| Other operating charges | 640/8 | €451 | €453 | +€2 | +0.4% |
| Gross operating margin | 9900 | €6,451 | €4,784 | -€1,667 | -25.8% |
| Operating profit (loss) | 9901 | €2,956 | €1,645 | -€1,311 | -44.4% |
| Financial charges | 65/66B | €52 | €40 | -€12 | -23.1% |
| Recurring financial charges | 65 | €52 | €40 | -€12 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €2,904 | €1,605 | -€1,299 | -44.7% |
| Income taxes | 67/77 | €521 | €791 | +€270 | +51.8% |
| Profit (loss) for the period | 9904 | €2,383 | €814 | -€1,569 | -65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,383 | €814 | -€1,569 | -65.8% |
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 14 October 2026 via checked.be.