KUTLU CHAUFFAGE: 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 CHAUFFAGE
Largest movements
- Receivables within one year +€9,122
up €9,122 (+21.4%), from €42,585 to €51,706
of which Trade receivables: +€16,500
- Deferred charges and accrued income +€1,973
new in 2025: €1,973
- Tax, wage and social debts +€9,267
up €9,267 (+311%), from €2,978 to €12,245
of which Remuneration and social security: +€10,097
- Trade debts -€7,208
down €7,208 (-75.6%), from €9,535 to €2,326
- Other debts +€4,480
up €4,480 (+59.2%), from €7,570 to €12,050
- Profit (loss) carried forward +€4,018
up €4,018 (+29.3%), from €13,691 to €17,710
- Gross operating margin -€21,817
down €21,817 (-35.1%), from €62,197 to €40,380
- Staff costs -€15,512
down €15,512 (-25.8%), from €60,228 to €44,716
- Financial income +€10,859
new in 2025: €10,859
of which Financial income: +€10,859
- Taxes +€1,188
new in 2025: €1,188
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 | €43,835 | €54,392 | +€10,557 | +24.1% |
| Fixed assets | 21/28 | €579 | €170 | -€409 | -70.6% |
| Tangible fixed assets | 22/27 | €429 | €20 | -€409 | -95.3% |
| Furniture and vehicles | 24 | €429 | €20 | -€409 | -95.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €43,255 | €54,221 | +€10,966 | +25.4% |
| Amounts receivable within one year | 40/41 | €42,585 | €51,706 | +€9,122 | +21.4% |
| Trade receivables | 40 | €34,700 | €51,200 | +€16,500 | +47.6% |
| Other amounts receivable | 41 | €7,885 | €506 | -€7,379 | -93.6% |
| Cash at bank and in hand | 54/58 | €671 | €542 | -€128 | -19.1% |
| Deferred charges and accrued income | 490/1 | - | €1,973 | +€1,973 | |
| Total equity and liabilities | 10/49 | €43,835 | €54,392 | +€10,557 | +24.1% |
| Equity | 10/15 | €23,751 | €27,770 | +€4,018 | +16.9% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,691 | €17,710 | +€4,018 | +29.3% |
| Amounts payable | 17/49 | €20,083 | €26,622 | +€6,539 | +32.6% |
| Amounts payable within one year | 42/48 | €20,083 | €26,622 | +€6,539 | +32.6% |
| Trade debts | 44 | €9,535 | €2,326 | -€7,208 | -75.6% |
| Suppliers | 440/4 | €9,535 | €2,326 | -€7,208 | -75.6% |
| Taxes, remuneration and social security | 45 | €2,978 | €12,245 | +€9,267 | +311% |
| Taxes | 450/3 | €2,018 | €1,188 | -€830 | -41.1% |
| Remuneration and social security | 454/9 | €960 | €11,058 | +€10,097 | +1,051% |
| Other amounts payable | 47/48 | €7,570 | €12,050 | +€4,480 | +59.2% |
| Remuneration, social security and pensions | 62 | €60,228 | €44,716 | -€15,512 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €409 | €409 | = | 0.0% |
| Other operating charges | 640/8 | €1,261 | €863 | -€398 | -31.6% |
| Gross operating margin | 9900 | €62,197 | €40,380 | -€21,817 | -35.1% |
| Operating profit (loss) | 9901 | €299 | -€5,608 | -€5,907 | |
| Financial income | 75/76B | - | €10,859 | +€10,859 | |
| Recurring financial income | 75 | - | €10,859 | +€10,859 | |
| Non-recurring financial income | 76B | - | €10,859 | +€10,859 | |
| Financial charges | 65/66B | €104 | €45 | -€59 | -56.3% |
| Recurring financial charges | 65 | €104 | €45 | -€59 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €195 | €5,206 | +€5,011 | +2,569% |
| Income taxes | 67/77 | - | €1,188 | +€1,188 | |
| Profit (loss) for the period | 9904 | €195 | €4,018 | +€3,823 | +1,960% |
| Profit (loss) for the period to be appropriated | 9905 | €195 | €4,018 | +€3,823 | +1,960% |
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 31 October 2026 via checked.be.