KURANT: 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.
KURANT
Largest movements
- Cash +€17,214
up €17,214 (+72.7%), from €23,678 to €40,892
mainly Net result for the year (+€18,879) and Depreciation (+€6,021)
- Receivables within one year +€9,149
up €9,149 (+139%), from €6,579 to €15,727
of which Trade receivables: +€9,030
- Tangible fixed assets -€6,021
down €6,021 (-64.7%), from €9,305 to €3,284
of which Furniture and vehicles: -€5,828
- Reserves +€18,879
up €18,879 (+24.0%), from €78,668 to €97,547
of which Distributable reserves: +€18,879
- Tax, wage and social debts +€2,490
up €2,490 (+868%), from €287 to €2,777
- Gross operating margin +€4,600
up €4,600 (+16.2%), from €28,378 to €32,978
- Taxes +€1,655
up €1,655 (+25.6%), from €6,469 to €8,124
- Financial income +€729
up €729 (+280%), from €261 to €990
- Depreciation -€531
down €531 (-8.1%), from €6,552 to €6,021
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 | €99,660 | €120,001 | +€20,342 | +20.4% |
| Fixed assets | 21/28 | €9,305 | €3,284 | -€6,021 | -64.7% |
| Tangible fixed assets | 22/27 | €9,305 | €3,284 | -€6,021 | -64.7% |
| Plant, machinery and equipment | 23 | €712 | €519 | -€194 | -27.2% |
| Furniture and vehicles | 24 | €8,593 | €2,765 | -€5,828 | -67.8% |
| Current assets | 29/58 | €90,355 | €116,717 | +€26,363 | +29.2% |
| Amounts receivable within one year | 40/41 | €6,579 | €15,727 | +€9,149 | +139% |
| Trade receivables | 40 | €4,470 | €13,500 | +€9,030 | +202% |
| Other amounts receivable | 41 | €2,109 | €2,227 | +€118 | +5.6% |
| Current investments | 50/53 | €60,098 | €60,098 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,678 | €40,892 | +€17,214 | +72.7% |
| Total equity and liabilities | 10/49 | €99,660 | €120,001 | +€20,342 | +20.4% |
| Equity | 10/15 | €97,268 | €116,147 | +€18,879 | +19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,668 | €97,547 | +€18,879 | +24.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €76,808 | €95,687 | +€18,879 | +24.6% |
| Amounts payable | 17/49 | €2,392 | €3,855 | +€1,462 | +61.1% |
| Amounts payable within one year | 42/48 | €2,392 | €3,855 | +€1,462 | +61.1% |
| Trade debts | 44 | €971 | €1,078 | +€107 | +11.1% |
| Suppliers | 440/4 | €971 | €1,078 | +€107 | +11.1% |
| Taxes, remuneration and social security | 45 | €287 | €2,777 | +€2,490 | +868% |
| Taxes | 450/3 | €287 | €2,777 | +€2,490 | +868% |
| Other amounts payable | 47/48 | €1,135 | - | -€1,135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,552 | €6,021 | -€531 | -8.1% |
| Other operating charges | 640/8 | €871 | €899 | +€27 | +3.1% |
| Gross operating margin | 9900 | €28,378 | €32,978 | +€4,600 | +16.2% |
| Operating profit (loss) | 9901 | €20,954 | €26,059 | +€5,104 | +24.4% |
| Financial income | 75/76B | €261 | €990 | +€729 | +280% |
| Recurring financial income | 75 | €261 | €990 | +€729 | +280% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,170 | €27,003 | +€5,833 | +27.6% |
| Income taxes | 67/77 | €6,469 | €8,124 | +€1,655 | +25.6% |
| Profit (loss) for the period | 9904 | €14,701 | €18,879 | +€4,178 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,701 | €18,879 | +€4,178 | +28.4% |
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 13 October 2026 via checked.be.