DURNEZ KURT: 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.
DURNEZ KURT
Largest movements
- Tangible fixed assets -€36,536
down €36,536 (-60.3%), from €60,630 to €24,094
of which Leasing and similar rights: -€31,658
- Stocks and contracts -€5,000
down €5,000 (-30.7%), from €16,300 to €11,300
- Deferred charges and accrued income +€3,732
new in 2025: €3,732
- Receivables within one year -€2,679
down €2,679 (-18.9%), from €14,140 to €11,461
of which Trade receivables: -€3,061
- Debts after one year -€34,356
down €34,356 (-53.1%), from €64,729 to €30,373
- Current portion of long-term debt -€11,956
down €11,956 (-66.4%), from €18,009 to €6,053
- Profit (loss) carried forward +€3,400
up €3,400, from -€3,400 to €0
- Reserves +€2,140
up €2,140 (+18.4%), from €11,601 to €13,742
of which Distributable reserves: +€2,140
- Trade debts +€1,790
up €1,790 (+107%), from €1,675 to €3,466
- Depreciation -€8,719
down €8,719 (-50.0%), from €17,432 to €8,713
- Financial charges +€3,796
up €3,796 (+50.4%), from €7,525 to €11,320
- Write-downs +€3,192
new in 2025: €3,192
- Other operating charges -€1,163
down €1,163 (-12.1%), from €9,626 to €8,463
- Gross operating margin -€461
down €461 (-1.1%), from €40,603 to €40,142
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 | €118,083 | €77,308 | -€40,774 | -34.5% |
| Fixed assets | 21/28 | €63,210 | €26,674 | -€36,536 | -57.8% |
| Tangible fixed assets | 22/27 | €60,630 | €24,094 | -€36,536 | -60.3% |
| Plant, machinery and equipment | 23 | €2,113 | €2,831 | +€717 | +33.9% |
| Furniture and vehicles | 24 | €9,621 | €7,689 | -€1,931 | -20.1% |
| Leasing and similar rights | 25 | €31,658 | €0 | -€31,658 | -100% |
| Other tangible fixed assets | 26 | €17,239 | €13,575 | -€3,664 | -21.3% |
| Financial fixed assets | 28 | €2,580 | €2,580 | = | 0.0% |
| Current assets | 29/58 | €54,872 | €50,634 | -€4,238 | -7.7% |
| Stocks and contracts in progress | 3 | €16,300 | €11,300 | -€5,000 | -30.7% |
| Stocks | 30/36 | €16,300 | €11,300 | -€5,000 | -30.7% |
| Amounts receivable within one year | 40/41 | €14,140 | €11,461 | -€2,679 | -18.9% |
| Trade receivables | 40 | €13,704 | €10,643 | -€3,061 | -22.3% |
| Other amounts receivable | 41 | €436 | €818 | +€382 | +87.7% |
| Cash at bank and in hand | 54/58 | €24,433 | €24,142 | -€291 | -1.2% |
| Deferred charges and accrued income | 490/1 | - | €3,732 | +€3,732 | |
| Total equity and liabilities | 10/49 | €118,083 | €77,308 | -€40,774 | -34.5% |
| Equity | 10/15 | €26,802 | €32,342 | +€5,540 | +20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,601 | €13,742 | +€2,140 | +18.4% |
| Tax-exempt reserves | 132 | €96 | €96 | = | 0.0% |
| Distributable reserves | 133 | €11,506 | €13,646 | +€2,140 | +18.6% |
| Profit (loss) carried forward | 14 | -€3,400 | €0 | +€3,400 | |
| Amounts payable | 17/49 | €91,281 | €44,967 | -€46,314 | -50.7% |
| Amounts payable after more than one year | 17 | €64,729 | €30,373 | -€34,356 | -53.1% |
| Financial debts | 170/4 | €64,729 | €30,373 | -€34,356 | -53.1% |
| Amounts payable within one year | 42/48 | €26,385 | €14,593 | -€11,791 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €18,009 | €6,053 | -€11,956 | -66.4% |
| Trade debts | 44 | €1,675 | €3,466 | +€1,790 | +107% |
| Suppliers | 440/4 | €1,675 | €3,466 | +€1,790 | +107% |
| Taxes, remuneration and social security | 45 | €3,805 | €2,925 | -€880 | -23.1% |
| Taxes | 450/3 | €3,805 | €2,925 | -€880 | -23.1% |
| Other amounts payable | 47/48 | €2,895 | €2,150 | -€745 | -25.7% |
| Accrued charges and deferred income | 492/3 | €167 | €0 | -€167 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,432 | €8,713 | -€8,719 | -50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,192 | +€3,192 | |
| Other operating charges | 640/8 | €9,626 | €8,463 | -€1,163 | -12.1% |
| Gross operating margin | 9900 | €40,603 | €40,142 | -€461 | -1.1% |
| Operating profit (loss) | 9901 | €13,545 | €19,774 | +€6,229 | +46.0% |
| Financial income | 75/76B | €0 | €11 | +€11 | |
| Recurring financial income | 75 | €0 | €11 | +€11 | |
| Financial charges | 65/66B | €7,525 | €11,320 | +€3,796 | +50.4% |
| Recurring financial charges | 65 | €7,525 | €11,320 | +€3,796 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | €6,020 | €8,465 | +€2,445 | +40.6% |
| Income taxes | 67/77 | €2,664 | €2,925 | +€261 | +9.8% |
| Profit (loss) for the period | 9904 | €3,356 | €5,540 | +€2,184 | +65.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,356 | €5,540 | +€2,184 | +65.1% |
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 26 October 2026 via checked.be.