KOURAJI: 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.
KOURAJI
Largest movements
- Tangible fixed assets -€13,097
down €13,097 (-25.6%), from €51,180 to €38,083
- Cash -€6,991
down €6,991 (-23.3%), from €30,020 to €23,029
mainly Net result for the year (-€17,497) and Other debts (-€6,000)
- Profit (loss) carried forward -€17,497
down €17,497 (-27.2%), from €64,219 to €46,722
- Other debts -€6,000
no longer reported in 2025 (was €6,000)
- Tax, wage and social debts +€2,684
up €2,684 (+387.9%), from €692 to €3,375
of which Remuneration and social security: +€3,100
- Gross operating margin -€48,935
down €48,935 (-96.5%), from €50,714 to €1,779
- Staff costs -€15,106
no longer reported in 2025 (was €15,106)
- Financial income +€3,713
new in 2025: €3,713
of which Financial income: +€3,713
- Taxes +€1,396
new in 2025: €1,396
- Financial charges +€833
up €833 (+1017.9%), from €82 to €915
of which Non-recurring financial charges: +€861
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 | €81,200 | €61,112 | -€20,087 | -24.7% |
| Fixed assets | 21/28 | €51,180 | €38,083 | -€13,097 | -25.6% |
| Tangible fixed assets | 22/27 | €51,180 | €38,083 | -€13,097 | -25.6% |
| Furniture and vehicles | 24 | €51,180 | €38,083 | -€13,097 | -25.6% |
| Current assets | 29/58 | €30,020 | €23,029 | -€6,991 | -23.3% |
| Cash at bank and in hand | 54/58 | €30,020 | €23,029 | -€6,991 | -23.3% |
| Total equity and liabilities | 10/49 | €81,200 | €61,112 | -€20,087 | -24.7% |
| Equity | 10/15 | €74,508 | €57,011 | -€17,497 | -23.5% |
| Contributions | 10/11 | €10,150 | €10,150 | = | 0.0% |
| Capital | 10 | €10,150 | €10,150 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €8,450 | €8,450 | = | 0.0% |
| Reserves | 13 | €139 | €139 | = | 0.0% |
| Non-distributable reserves | 130/1 | €139 | €139 | = | 0.0% |
| Reserves not available under the articles | 1311 | €139 | €139 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,219 | €46,722 | -€17,497 | -27.2% |
| Amounts payable | 17/49 | €6,692 | €4,101 | -€2,590 | -38.7% |
| Amounts payable within one year | 42/48 | €6,692 | €4,101 | -€2,590 | -38.7% |
| Trade debts | 44 | - | €726 | +€726 | |
| Suppliers | 440/4 | - | €726 | +€726 | |
| Taxes, remuneration and social security | 45 | €692 | €3,375 | +€2,684 | +387.9% |
| Taxes | 450/3 | €692 | €275 | -€416 | -60.2% |
| Remuneration and social security | 454/9 | - | €3,100 | +€3,100 | |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €15,106 | - | -€15,106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,097 | €13,097 | = | 0.0% |
| Other operating charges | 640/8 | €8,385 | €7,581 | -€804 | -9.6% |
| Gross operating margin | 9900 | €50,714 | €1,779 | -€48,935 | -96.5% |
| Operating profit (loss) | 9901 | €14,127 | -€18,898 | -€33,025 | |
| Financial income | 75/76B | - | €3,713 | +€3,713 | |
| Recurring financial income | 75 | - | €3,713 | +€3,713 | |
| Non-recurring financial income | 76B | - | €3,713 | +€3,713 | |
| Financial charges | 65/66B | €82 | €915 | +€833 | +1017.9% |
| Recurring financial charges | 65 | €82 | €54 | -€28 | -33.9% |
| Non-recurring financial charges | 66B | - | €861 | +€861 | |
| Profit (loss) for the period before taxes | 9903 | €14,045 | -€16,101 | -€30,146 | |
| Income taxes | 67/77 | - | €1,396 | +€1,396 | |
| Profit (loss) for the period | 9904 | €14,045 | -€17,497 | -€31,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,045 | -€17,497 | -€31,542 |
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.