DE GROOTE KURT: what changed
DE GROOTE KURT
Largest movements
- Cash -€4,996
down €4,996 (-67.4%), from €7,409 to €2,413
mainly Trade debts (-€17,882) and Contributions, distributions and other (-€10,054)
- Stocks and contracts -€3,230
down €3,230 (-43.9%), from €7,364 to €4,134
- Deferred charges and accrued income +€1,257
up €1,257 (+136%), from €924 to €2,181
- Receivables within one year -€1,216
down €1,216 (-3.0%), from €40,987 to €39,770
of which Trade receivables: -€5,147
- Trade debts -€17,882
down €17,882 (-55.1%), from €32,455 to €14,573
- Other debts +€8,409
up €8,409 (+97.2%), from €8,654 to €17,063
- Reserves +€5,676
up €5,676 (+20.3%), from €27,948 to €33,624
- Current portion of long-term debt -€3,716
down €3,716 (-100%), from €3,716 to €0
- Tax, wage and social debts -€2,004
down €2,004 (-31.8%), from €6,302 to €4,298
of which Taxes: -€1,600
- Gross operating margin +€13,948
up €13,948 (+18.7%), from €74,581 to €88,529
- Depreciation -€5,901
down €5,901 (-66.0%), from €8,940 to €3,039
- Taxes +€5,035
up €5,035 (+492%), from €1,024 to €6,059
- Staff costs +€1,979
up €1,979 (+3.3%), from €60,813 to €62,792
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €89,074 | €80,594 | -€8,480 | -9.5% |
| Fixed assets | 21/28 | €32,391 | €32,095 | -€295 | -0.9% |
| Tangible fixed assets | 22/27 | €32,391 | €32,095 | -€295 | -0.9% |
| Land and buildings | 22 | €6,433 | €6,022 | -€411 | -6.4% |
| Furniture and vehicles | 24 | €942 | €2,167 | +€1,225 | +130% |
| Other tangible fixed assets | 26 | €25,015 | €23,907 | -€1,109 | -4.4% |
| Current assets | 29/58 | €56,684 | €48,499 | -€8,185 | -14.4% |
| Stocks and contracts in progress | 3 | €7,364 | €4,134 | -€3,230 | -43.9% |
| Stocks | 30/36 | €7,364 | €4,134 | -€3,230 | -43.9% |
| Amounts receivable within one year | 40/41 | €40,987 | €39,770 | -€1,216 | -3.0% |
| Trade receivables | 40 | €18,199 | €13,051 | -€5,147 | -28.3% |
| Other amounts receivable | 41 | €22,788 | €26,719 | +€3,931 | +17.3% |
| Cash at bank and in hand | 54/58 | €7,409 | €2,413 | -€4,996 | -67.4% |
| Deferred charges and accrued income | 490/1 | €924 | €2,181 | +€1,257 | +136% |
| Total equity and liabilities | 10/49 | €89,074 | €80,594 | -€8,480 | -9.5% |
| Equity | 10/15 | €37,948 | €43,624 | +€5,676 | +15.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €27,948 | €33,624 | +€5,676 | +20.3% |
| Distributable reserves | 133 | €27,948 | €33,624 | +€5,676 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €51,127 | €36,971 | -€14,156 | -27.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €51,127 | €35,935 | -€15,192 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | €3,716 | €0 | -€3,716 | -100% |
| Financial debts | 43 | €0 | €1 | +€1 | |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €0 | €1 | +€1 | |
| Trade debts | 44 | €32,455 | €14,573 | -€17,882 | -55.1% |
| Suppliers | 440/4 | €32,455 | €14,573 | -€17,882 | -55.1% |
| Taxes, remuneration and social security | 45 | €6,302 | €4,298 | -€2,004 | -31.8% |
| Taxes | 450/3 | €3,954 | €2,354 | -€1,600 | -40.5% |
| Remuneration and social security | 454/9 | €2,348 | €1,944 | -€404 | -17.2% |
| Other amounts payable | 47/48 | €8,654 | €17,063 | +€8,409 | +97.2% |
| Accrued charges and deferred income | 492/3 | €0 | €1,036 | +€1,036 | |
| Remuneration, social security and pensions | 62 | €60,813 | €62,792 | +€1,979 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,940 | €3,039 | -€5,901 | -66.0% |
| Other operating charges | 640/8 | €917 | €1,178 | +€261 | +28.4% |
| Gross operating margin | 9900 | €74,581 | €88,529 | +€13,948 | +18.7% |
| Operating profit (loss) | 9901 | €3,911 | €21,520 | +€17,609 | +450% |
| Financial income | 75/76B | €120 | €454 | +€333 | +277% |
| Recurring financial income | 75 | €120 | €454 | +€333 | +277% |
| Financial charges | 65/66B | €820 | €185 | -€636 | -77.5% |
| Recurring financial charges | 65 | €820 | €185 | -€636 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €3,211 | €21,789 | +€18,578 | +579% |
| Income taxes | 67/77 | €1,024 | €6,059 | +€5,035 | +492% |
| Profit (loss) for the period | 9904 | €2,187 | €15,729 | +€13,543 | +619% |
| Profit (loss) for the period to be appropriated | 9905 | €2,187 | €15,729 | +€13,543 | +619% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.