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
- Tangible fixed assets +€27,790
up €27,790 (+117%), from €23,697 to €51,487
of which Furniture and vehicles: +€31,658
- Cash -€9,869
down €9,869 (-57.8%), from €17,086 to €7,217
mainly Investment in fixed assets (net) (-€37,351) and Receivables within one year (-€4,568)
- Receivables within one year +€4,568
up €4,568 (+2,634%), from €173 to €4,741
- Deferred charges and accrued income +€4,280
up €4,280 (+1,666%), from €257 to €4,537
- Stocks and contracts -€3,740
down €3,740 (-3.3%), from €113,094 to €109,354
- Trade debts +€10,576
up €10,576 (+37.3%), from €28,376 to €38,952
- Debts after one year +€8,598
up €8,598 (+172%), from €4,999 to €13,596
- Current portion of long-term debt +€4,995
up €4,995 (+99.9%), from €4,999 to €9,994
- Other debts -€2,750
down €2,750 (-7.9%), from €34,944 to €32,195
- Gross operating margin +€12,204
up €12,204 (+172%), from €7,077 to €19,281
- Other operating charges +€6,430
up €6,430 (+893%), from €720 to €7,150
- Depreciation +€5,372
up €5,372 (+128%), from €4,189 to €9,561
- Taxes -€1,842
down €1,842 (-74.3%), from €2,480 to €638
- Financial income +€1,108
up €1,108 (+1,846,183%), from €0 to €1,108
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,308 | €177,336 | +€23,028 | +14.9% |
| Fixed assets | 21/28 | €23,697 | €51,487 | +€27,790 | +117% |
| Tangible fixed assets | 22/27 | €23,697 | €51,487 | +€27,790 | +117% |
| Plant, machinery and equipment | 23 | €2,396 | €1,843 | -€553 | -23.1% |
| Furniture and vehicles | 24 | €1,412 | €33,069 | +€31,658 | +2,243% |
| Leasing and similar rights | 25 | €19,890 | €16,575 | -€3,315 | -16.7% |
| Current assets | 29/58 | €130,611 | €125,849 | -€4,762 | -3.6% |
| Stocks and contracts in progress | 3 | €113,094 | €109,354 | -€3,740 | -3.3% |
| Stocks | 30/36 | €113,094 | €109,354 | -€3,740 | -3.3% |
| Amounts receivable within one year | 40/41 | €173 | €4,741 | +€4,568 | +2,634% |
| Trade receivables | 40 | €173 | €4,741 | +€4,568 | +2,634% |
| Cash at bank and in hand | 54/58 | €17,086 | €7,217 | -€9,869 | -57.8% |
| Deferred charges and accrued income | 490/1 | €257 | €4,537 | +€4,280 | +1,666% |
| Total equity and liabilities | 10/49 | €154,308 | €177,336 | +€23,028 | +14.9% |
| Equity | 10/15 | €72,366 | €72,897 | +€531 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €45,948 | €45,948 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €44,089 | €45,948 | +€1,859 | +4.2% |
| Profit (loss) carried forward | 14 | €7,826 | €8,357 | +€531 | +6.8% |
| Amounts payable | 17/49 | €81,942 | €104,439 | +€22,497 | +27.5% |
| Amounts payable after more than one year | 17 | €4,999 | €13,596 | +€8,598 | +172% |
| Financial debts | 170/4 | €4,999 | €13,596 | +€8,598 | +172% |
| Amounts payable within one year | 42/48 | €76,735 | €90,694 | +€13,959 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €4,999 | €9,994 | +€4,995 | +99.9% |
| Trade debts | 44 | €28,376 | €38,952 | +€10,576 | +37.3% |
| Suppliers | 440/4 | €28,376 | €38,952 | +€10,576 | +37.3% |
| Taxes, remuneration and social security | 45 | €8,416 | €9,553 | +€1,137 | +13.5% |
| Taxes | 450/3 | €8,416 | €9,553 | +€1,137 | +13.5% |
| Other amounts payable | 47/48 | €34,944 | €32,195 | -€2,750 | -7.9% |
| Accrued charges and deferred income | 492/3 | €208 | €149 | -€59 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,189 | €9,561 | +€5,372 | +128% |
| Other operating charges | 640/8 | €720 | €7,150 | +€6,430 | +893% |
| Gross operating margin | 9900 | €7,077 | €19,281 | +€12,204 | +172% |
| Operating profit (loss) | 9901 | €2,168 | €2,570 | +€402 | +18.5% |
| Financial income | 75/76B | €0 | €1,108 | +€1,108 | +1,846,183% |
| Recurring financial income | 75 | €0 | €1,108 | +€1,108 | +1,846,183% |
| Financial charges | 65/66B | €2,307 | €2,509 | +€202 | +8.8% |
| Recurring financial charges | 65 | €2,307 | €2,509 | +€202 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€139 | €1,169 | +€1,308 | |
| Income taxes | 67/77 | €2,480 | €638 | -€1,842 | -74.3% |
| Profit (loss) for the period | 9904 | -€2,619 | €531 | +€3,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,619 | €531 | +€3,150 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.