KUUB-experten: 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.
KUUB-experten
Largest movements
- Tangible fixed assets -€115,842
down €115,842 (-100.0%), from €115,842 to €0
of which Land and buildings: -€115,338
- Cash +€17,524
up €17,524 (+614.3%), from €2,852 to €20,376
mainly Investment in fixed assets (net) (+€115,338) and Net result for the year (+€24,442)
- Receivables within one year +€14,484
up €14,484 (+119.1%), from €12,160 to €26,644
of which Trade receivables: +€8,970
- Debts after one year -€75,759
down €75,759 (-100.0%), from €75,759 to €0
- Reserves +€20,375
new in 2025: €20,375
- Other debts -€18,818
down €18,818 (-48.1%), from €39,132 to €20,314
- Current portion of long-term debt -€8,370
down €8,370 (-100.0%), from €8,370 to €0
- Profit (loss) carried forward +€4,067
up €4,067, from -€4,067 to €0
- Gross operating margin +€38,978
up €38,978 (+1175.7%), from €3,315 to €42,293
- Taxes +€12,229
up €12,229, from €0 to €12,229
- Depreciation -€5,434
down €5,434 (-91.5%), from €5,938 to €504
- Other operating charges +€1,468
up €1,468 (+93.9%), from €1,564 to €3,032
- Financial charges +€680
up €680 (+43.2%), from €1,574 to €2,254
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 | €130,854 | €47,020 | -€83,834 | -64.1% |
| Fixed assets | 21/28 | €115,842 | €0 | -€115,842 | -100.0% |
| Tangible fixed assets | 22/27 | €115,842 | €0 | -€115,842 | -100.0% |
| Land and buildings | 22 | €115,338 | €0 | -€115,338 | -100.0% |
| Plant, machinery and equipment | 23 | €341 | €0 | -€341 | -100.0% |
| Furniture and vehicles | 24 | €163 | €0 | -€163 | -100.0% |
| Current assets | 29/58 | €15,012 | €47,020 | +€32,008 | +213.2% |
| Amounts receivable within one year | 40/41 | €12,160 | €26,644 | +€14,484 | +119.1% |
| Trade receivables | 40 | €12,160 | €21,130 | +€8,970 | +73.8% |
| Other amounts receivable | 41 | €0 | €5,514 | +€5,514 | |
| Cash at bank and in hand | 54/58 | €2,852 | €20,376 | +€17,524 | +614.3% |
| Total equity and liabilities | 10/49 | €130,854 | €47,020 | -€83,834 | -64.1% |
| Equity | 10/15 | €2,133 | €26,575 | +€24,442 | +1145.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €20,375 | +€20,375 | |
| Distributable reserves | 133 | - | €20,375 | +€20,375 | |
| Profit (loss) carried forward | 14 | -€4,067 | €0 | +€4,067 | |
| Amounts payable | 17/49 | €128,721 | €20,445 | -€108,276 | -84.1% |
| Amounts payable after more than one year | 17 | €75,759 | €0 | -€75,759 | -100.0% |
| Financial debts | 170/4 | €75,759 | €0 | -€75,759 | -100.0% |
| Amounts payable within one year | 42/48 | €52,962 | €20,445 | -€32,517 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €8,370 | €0 | -€8,370 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,923 | €131 | -€1,792 | -93.2% |
| Suppliers | 440/4 | €1,923 | €131 | -€1,792 | -93.2% |
| Taxes, remuneration and social security | 45 | €3,537 | €0 | -€3,537 | -100.0% |
| Taxes | 450/3 | €3,537 | €0 | -€3,537 | -100.0% |
| Other amounts payable | 47/48 | €39,132 | €20,314 | -€18,818 | -48.1% |
| Non-recurring operating income | 76A | - | €69,662 | +€69,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,938 | €504 | -€5,434 | -91.5% |
| Other operating charges | 640/8 | €1,564 | €3,032 | +€1,468 | +93.9% |
| Gross operating margin | 9900 | €3,315 | €42,293 | +€38,978 | +1175.7% |
| Operating profit (loss) | 9901 | -€4,187 | €38,757 | +€42,944 | |
| Financial income | 75/76B | €98 | €168 | +€70 | +72.1% |
| Recurring financial income | 75 | €98 | €168 | +€70 | +72.1% |
| Financial charges | 65/66B | €1,574 | €2,254 | +€680 | +43.2% |
| Recurring financial charges | 65 | €1,574 | €2,254 | +€680 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,663 | €36,671 | +€42,334 | |
| Income taxes | 67/77 | €0 | €12,229 | +€12,229 | |
| Profit (loss) for the period | 9904 | -€5,663 | €24,442 | +€30,105 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,663 | €24,442 | +€30,105 |
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 12 October 2026 via checked.be.