KUUB: 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.
KUUB
Largest movements
- Stocks and contracts +€21,709
up €21,709 (+66.1%), from €32,853 to €54,563
of which Contracts in progress: +€13,960
- Receivables within one year +€15,829
up €15,829 (+42.7%), from €37,073 to €52,902
of which Other amounts receivable: +€7,926
- Tangible fixed assets -€9,586
down €9,586 (-94.9%), from €10,103 to €517
of which Furniture and vehicles: -€9,586
- Cash -€9,553
down €9,553 (-31.7%), from €30,127 to €20,575
mainly Stocks and contracts (-€21,709) and Receivables within one year (-€15,829)
- Trade debts +€8,855
up €8,855 (+64.6%), from €13,711 to €22,567
- Profit (loss) carried forward +€6,085
up €6,085, from -€2,595 to €3,490
- Tax, wage and social debts +€3,258
up €3,258 (+144.5%), from €2,255 to €5,513
- Gross operating margin +€52,624
up €52,624, from -€42,233 to €10,390
- Financial income -€49,707
down €49,707 (-96.9%), from €51,322 to €1,615
of which Non-recurring financial income: -€49,151
- Other operating charges -€5,625
down €5,625 (-79.0%), from €7,119 to €1,494
- Depreciation -€3,705
down €3,705 (-66.2%), from €5,595 to €1,890
- Financial charges -€529
down €529 (-66.1%), from €800 to €271
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 | €110,433 | €128,632 | +€18,199 | +16.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,103 | €517 | -€9,586 | -94.9% |
| Tangible fixed assets | 22/27 | €10,103 | €517 | -€9,586 | -94.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €10,103 | €517 | -€9,586 | -94.9% |
| Current assets | 29/58 | €100,330 | €128,115 | +€27,784 | +27.7% |
| Stocks and contracts in progress | 3 | €32,853 | €54,563 | +€21,709 | +66.1% |
| Stocks | 30/36 | €32,853 | €40,603 | +€7,749 | +23.6% |
| Contracts in progress | 37 | - | €13,960 | +€13,960 | |
| Amounts receivable within one year | 40/41 | €37,073 | €52,902 | +€15,829 | +42.7% |
| Trade receivables | 40 | €29,286 | €37,190 | +€7,904 | +27.0% |
| Other amounts receivable | 41 | €7,787 | €15,713 | +€7,926 | +101.8% |
| Cash at bank and in hand | 54/58 | €30,127 | €20,575 | -€9,553 | -31.7% |
| Deferred charges and accrued income | 490/1 | €276 | €75 | -€201 | -73.0% |
| Total equity and liabilities | 10/49 | €110,433 | €128,632 | +€18,199 | +16.5% |
| Equity | 10/15 | €94,467 | €100,552 | +€6,085 | +6.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €47,063 | €47,063 | = | 0.0% |
| Distributable reserves | 133 | €47,063 | €47,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,595 | €3,490 | +€6,085 | |
| Amounts payable | 17/49 | €15,966 | €28,080 | +€12,114 | +75.9% |
| Amounts payable within one year | 42/48 | €15,966 | €28,080 | +€12,114 | +75.9% |
| Trade debts | 44 | €13,711 | €22,567 | +€8,855 | +64.6% |
| Suppliers | 440/4 | €13,711 | €22,567 | +€8,855 | +64.6% |
| Taxes, remuneration and social security | 45 | €2,255 | €5,513 | +€3,258 | +144.5% |
| Taxes | 450/3 | €2,255 | €5,513 | +€3,258 | +144.5% |
| Non-recurring operating income | 76A | - | €2,304 | +€2,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,595 | €1,890 | -€3,705 | -66.2% |
| Other operating charges | 640/8 | €7,119 | €1,494 | -€5,625 | -79.0% |
| Gross operating margin | 9900 | -€42,233 | €10,390 | +€52,624 | |
| Operating profit (loss) | 9901 | -€54,948 | €7,006 | +€61,954 | |
| Financial income | 75/76B | €51,322 | €1,615 | -€49,707 | -96.9% |
| Recurring financial income | 75 | €2,172 | €1,615 | -€557 | -25.6% |
| Non-recurring financial income | 76B | €49,151 | - | -€49,151 | |
| Financial charges | 65/66B | €800 | €271 | -€529 | -66.1% |
| Recurring financial charges | 65 | €800 | €271 | -€529 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,425 | €8,350 | +€12,776 | |
| Income taxes | 67/77 | €2,235 | €2,266 | +€31 | +1.4% |
| Profit (loss) for the period | 9904 | -€6,660 | €6,085 | +€12,745 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,660 | €6,085 | +€12,745 |
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 8 October 2026 via checked.be.