KURACOR: 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.
KURACOR
Largest movements
- Cash -€51,412
down €51,412 (-33.8%), from €152,055 to €100,643
mainly Contributions, distributions and other (-€45,455) and Net result for the year (-€23,420)
- Tangible fixed assets -€25,724
down €25,724 (-13.0%), from €198,347 to €172,623
of which Land and buildings: -€24,048
- Receivables within one year -€10,301
down €10,301 (-99.8%), from €10,323 to €22
of which Trade receivables: -€10,301
- Reserves -€45,455
down €45,455 (-13.7%), from €332,632 to €287,177
- Profit (loss) carried forward -€23,420
down €23,420 (-19.9%), from -€117,858 to -€141,278
- Trade debts -€11,937
down €11,937 (-94.2%), from €12,673 to €736
- Debts after one year -€8,197
down €8,197 (-7.3%), from €113,009 to €104,811
- Gross operating margin -€5,689
down €5,689 (-39.2%), from €14,520 to €8,831
- Other operating charges -€436
down €436 (-8.5%), from €5,144 to €4,708
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 | €362,801 | €273,918 | -€88,883 | -24.5% |
| Fixed assets | 21/28 | €198,347 | €172,623 | -€25,724 | -13.0% |
| Tangible fixed assets | 22/27 | €198,347 | €172,623 | -€25,724 | -13.0% |
| Land and buildings | 22 | €192,999 | €168,951 | -€24,048 | -12.5% |
| Furniture and vehicles | 24 | €5,347 | €3,672 | -€1,676 | -31.3% |
| Current assets | 29/58 | €164,455 | €101,295 | -€63,160 | -38.4% |
| Amounts receivable within one year | 40/41 | €10,323 | €22 | -€10,301 | -99.8% |
| Trade receivables | 40 | €10,301 | €0 | -€10,301 | -100.0% |
| Other amounts receivable | 41 | €22 | €22 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €152,055 | €100,643 | -€51,412 | -33.8% |
| Deferred charges and accrued income | 490/1 | €2,077 | €631 | -€1,446 | -69.6% |
| Total equity and liabilities | 10/49 | €362,801 | €273,918 | -€88,883 | -24.5% |
| Equity | 10/15 | €227,174 | €158,299 | -€68,875 | -30.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €332,632 | €287,177 | -€45,455 | -13.7% |
| Distributable reserves | 133 | €332,632 | €287,177 | -€45,455 | -13.7% |
| Profit (loss) carried forward | 14 | -€117,858 | -€141,278 | -€23,420 | -19.9% |
| Amounts payable | 17/49 | €135,627 | €115,619 | -€20,008 | -14.8% |
| Amounts payable after more than one year | 17 | €113,009 | €104,811 | -€8,197 | -7.3% |
| Financial debts | 170/4 | €113,009 | €104,811 | -€8,197 | -7.3% |
| Amounts payable within one year | 42/48 | €20,744 | €8,933 | -€11,811 | -56.9% |
| Current portion of amounts payable after more than one year | 42 | €8,071 | €8,197 | +€126 | +1.6% |
| Trade debts | 44 | €12,673 | €736 | -€11,937 | -94.2% |
| Suppliers | 440/4 | €12,673 | €736 | -€11,937 | -94.2% |
| Accrued charges and deferred income | 492/3 | €1,874 | €1,874 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,724 | €25,724 | = | 0.0% |
| Other operating charges | 640/8 | €5,144 | €4,708 | -€436 | -8.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €14,520 | €8,831 | -€5,689 | -39.2% |
| Operating profit (loss) | 9901 | -€16,348 | -€21,601 | -€5,253 | -32.1% |
| Financial income | 75/76B | €3 | €0 | -€3 | -96.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -96.7% |
| Financial charges | 65/66B | €1,944 | €1,820 | -€124 | -6.4% |
| Recurring financial charges | 65 | €1,944 | €1,820 | -€124 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,288 | -€23,420 | -€5,132 | -28.1% |
| Profit (loss) for the period | 9904 | -€18,288 | -€23,420 | -€5,132 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,288 | -€23,420 | -€5,132 | -28.1% |
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 6 October 2026 via checked.be.