KUUNDA: 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.
KUUNDA
Largest movements
- Receivables within one year -€41,710
down €41,710 (-37.2%), from €112,030 to €70,320
of which Trade receivables: -€75,502
- Tangible fixed assets -€11,066
down €11,066 (-56.4%), from €19,628 to €8,562
of which Plant, machinery and equipment: -€5,590
- Cash -€9,104
down €9,104 (-12.0%), from €76,159 to €67,055
mainly Advances received (-€78,415) and Net result for the year (-€6,339)
- Advances received -€78,415
no longer reported in 2025 (was €78,415)
- Trade debts +€14,004
up €14,004 (+62.5%), from €22,400 to €36,404
- Tax, wage and social debts +€9,325
up €9,325 (+42.8%), from €21,805 to €31,130
of which Remuneration and social security: +€12,332
- Profit (loss) carried forward -€6,339
down €6,339 (-10.5%), from €60,304 to €53,965
- Staff costs +€30,473
up €30,473 (+13.0%), from €234,651 to €265,124
- Gross operating margin +€8,741
up €8,741 (+3.3%), from €268,941 to €277,682
- Taxes -€6,468
down €6,468 (-97.9%), from €6,609 to €141
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 | €210,425 | €149,000 | -€61,425 | -29.2% |
| Fixed assets | 21/28 | €19,628 | €8,562 | -€11,066 | -56.4% |
| Tangible fixed assets | 22/27 | €19,628 | €8,562 | -€11,066 | -56.4% |
| Land and buildings | 22 | €3,680 | €2,555 | -€1,125 | -30.6% |
| Plant, machinery and equipment | 23 | €7,583 | €1,993 | -€5,590 | -73.7% |
| Furniture and vehicles | 24 | €8,364 | €4,014 | -€4,350 | -52.0% |
| Current assets | 29/58 | €190,798 | €140,438 | -€50,360 | -26.4% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €112,030 | €70,320 | -€41,710 | -37.2% |
| Trade receivables | 40 | €79,724 | €4,222 | -€75,502 | -94.7% |
| Other amounts receivable | 41 | €32,306 | €66,098 | +€33,792 | +105% |
| Cash at bank and in hand | 54/58 | €76,159 | €67,055 | -€9,104 | -12.0% |
| Deferred charges and accrued income | 490/1 | €109 | €563 | +€454 | +418% |
| Total equity and liabilities | 10/49 | €210,425 | €149,000 | -€61,425 | -29.2% |
| Equity | 10/15 | €87,804 | €81,465 | -€6,339 | -7.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,304 | €53,965 | -€6,339 | -10.5% |
| Amounts payable | 17/49 | €122,621 | €67,534 | -€55,086 | -44.9% |
| Amounts payable within one year | 42/48 | €122,621 | €67,534 | -€55,086 | -44.9% |
| Trade debts | 44 | €22,400 | €36,404 | +€14,004 | +62.5% |
| Suppliers | 440/4 | €22,400 | €36,404 | +€14,004 | +62.5% |
| Advances received on contracts in progress | 46 | €78,415 | - | -€78,415 | |
| Taxes, remuneration and social security | 45 | €21,805 | €31,130 | +€9,325 | +42.8% |
| Taxes | 450/3 | €13,627 | €10,619 | -€3,008 | -22.1% |
| Remuneration and social security | 454/9 | €8,178 | €20,511 | +€12,332 | +151% |
| Remuneration, social security and pensions | 62 | €234,651 | €265,124 | +€30,473 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,016 | €11,066 | +€49 | +0.4% |
| Other operating charges | 640/8 | €5,222 | €7,086 | +€1,864 | +35.7% |
| Gross operating margin | 9900 | €268,941 | €277,682 | +€8,741 | +3.3% |
| Operating profit (loss) | 9901 | €18,051 | -€5,595 | -€23,646 | |
| Financial income | 75/76B | €834 | €1,516 | +€682 | +81.8% |
| Recurring financial income | 75 | €834 | €1,516 | +€682 | +81.8% |
| Financial charges | 65/66B | €1,457 | €2,120 | +€663 | +45.5% |
| Recurring financial charges | 65 | €1,457 | €2,120 | +€663 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €17,428 | -€6,198 | -€23,627 | |
| Income taxes | 67/77 | €6,609 | €141 | -€6,468 | -97.9% |
| Profit (loss) for the period | 9904 | €10,820 | -€6,339 | -€17,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,820 | -€6,339 | -€17,159 |
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 18 October 2026 via checked.be.