KUZU: 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.
KUZU
Largest movements
- Receivables within one year -€9,282
down €9,282 (-26.6%), from €34,839 to €25,557
of which Other amounts receivable: -€7,833
- Tangible fixed assets -€3,078
down €3,078 (-22.3%), from €13,798 to €10,720
of which Other tangible fixed assets: -€2,224
- Cash -€1,486
down €1,486 (-18.0%), from €8,278 to €6,791
mainly Net result for the year (-€9,794) and Other debts (-€3,587)
- Profit (loss) carried forward -€9,794
down €9,794 (-8.8%), from €111,495 to €101,701
- Other debts -€3,587
no longer reported in 2025 (was €3,587)
- Gross operating margin -€15,024
down €15,024, from €7,713 to -€7,311
- Other operating charges -€4,071
down €4,071 (-78.7%), from €5,173 to €1,102
- Financial income +€1,162
up €1,162 (+58.2%), from €1,999 to €3,161
- Depreciation +€229
up €229 (+5.8%), from €3,925 to €4,153
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 | €137,621 | €123,623 | -€13,998 | -10.2% |
| Fixed assets | 21/28 | €14,023 | €10,720 | -€3,302 | -23.6% |
| Intangible fixed assets | 21 | €224 | €0 | -€224 | -100.0% |
| Tangible fixed assets | 22/27 | €13,798 | €10,720 | -€3,078 | -22.3% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €1,928 | €1,074 | -€854 | -44.3% |
| Other tangible fixed assets | 26 | €11,871 | €9,647 | -€2,224 | -18.7% |
| Current assets | 29/58 | €123,598 | €112,903 | -€10,696 | -8.7% |
| Amounts receivable after more than one year | 29 | €79,951 | €79,951 | = | 0.0% |
| Trade receivables | 290 | - | €79,951 | +€79,951 | |
| Other amounts receivable | 291 | €79,951 | - | -€79,951 | |
| Amounts receivable within one year | 40/41 | €34,839 | €25,557 | -€9,282 | -26.6% |
| Trade receivables | 40 | €3,538 | €2,089 | -€1,448 | -40.9% |
| Other amounts receivable | 41 | €31,301 | €23,468 | -€7,833 | -25.0% |
| Cash at bank and in hand | 54/58 | €8,278 | €6,791 | -€1,486 | -18.0% |
| Deferred charges and accrued income | 490/1 | €532 | €603 | +€72 | +13.5% |
| Total equity and liabilities | 10/49 | €137,621 | €123,623 | -€13,998 | -10.2% |
| Equity | 10/15 | €131,955 | €122,161 | -€9,794 | -7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €111,495 | €101,701 | -€9,794 | -8.8% |
| Amounts payable | 17/49 | €5,666 | €1,462 | -€4,204 | -74.2% |
| Amounts payable within one year | 42/48 | €5,666 | €1,462 | -€4,204 | -74.2% |
| Trade debts | 44 | €1,227 | €917 | -€311 | -25.3% |
| Suppliers | 440/4 | €1,227 | €917 | -€311 | -25.3% |
| Taxes, remuneration and social security | 45 | €852 | €546 | -€306 | -36.0% |
| Taxes | 450/3 | €852 | €546 | -€306 | -36.0% |
| Other amounts payable | 47/48 | €3,587 | - | -€3,587 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,925 | €4,153 | +€229 | +5.8% |
| Other operating charges | 640/8 | €5,173 | €1,102 | -€4,071 | -78.7% |
| Gross operating margin | 9900 | €7,713 | -€7,311 | -€15,024 | |
| Operating profit (loss) | 9901 | -€1,385 | -€12,566 | -€11,182 | -807.6% |
| Financial income | 75/76B | €1,999 | €3,161 | +€1,162 | +58.2% |
| Recurring financial income | 75 | €1,999 | €3,161 | +€1,162 | +58.2% |
| Financial charges | 65/66B | €180 | €200 | +€19 | +10.7% |
| Recurring financial charges | 65 | €180 | €200 | +€19 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €434 | -€9,605 | -€10,039 | |
| Income taxes | 67/77 | €190 | €189 | -€0 | -0.1% |
| Profit (loss) for the period | 9904 | €244 | -€9,794 | -€10,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €244 | -€9,794 | -€10,039 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.