Kuras: 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.
Kuras
Largest movements
- Receivables within one year -€16,073
down €16,073 (-14.1%), from €114,060 to €97,987
of which Trade receivables: -€18,166
- Deferred charges and accrued income +€11,005
up €11,005 (+204.3%), from €5,386 to €16,391
- Tax, wage and social debts +€34,374
up €34,374 (+100.3%), from €34,277 to €68,651
of which Remuneration and social security: +€36,752
- Reserves -€32,869
down €32,869 (-22.8%), from €144,045 to €111,176
- Trade debts +€16,059
up €16,059 (+43.3%), from €37,104 to €53,163
- Debts after one year -€15,333
down €15,333 (-33.3%), from €46,000 to €30,666
- Advances received -€6,502
down €6,502 (-44.1%), from €14,752 to €8,250
- Gross operating margin +€170,239
up €170,239 (+65.8%), from €258,888 to €429,127
- Staff costs +€126,175
up €126,175 (+103.0%), from €122,471 to €248,646
- Other operating charges +€73,858
up €73,858 (+64.7%), from €114,237 to €188,095
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 | €299,117 | €296,173 | -€2,944 | -1.0% |
| Fixed assets | 21/28 | €143,436 | €142,888 | -€548 | -0.4% |
| Tangible fixed assets | 22/27 | €143,436 | €142,888 | -€548 | -0.4% |
| Land and buildings | 22 | €142,127 | €128,500 | -€13,627 | -9.6% |
| Furniture and vehicles | 24 | €1,309 | €14,388 | +€13,079 | +998.9% |
| Current assets | 29/58 | €155,680 | €153,285 | -€2,396 | -1.5% |
| Amounts receivable within one year | 40/41 | €114,060 | €97,987 | -€16,073 | -14.1% |
| Trade receivables | 40 | €111,810 | €93,644 | -€18,166 | -16.2% |
| Other amounts receivable | 41 | €2,250 | €4,343 | +€2,093 | +93.0% |
| Cash at bank and in hand | 54/58 | €36,234 | €38,906 | +€2,672 | +7.4% |
| Deferred charges and accrued income | 490/1 | €5,386 | €16,391 | +€11,005 | +204.3% |
| Total equity and liabilities | 10/49 | €299,117 | €296,173 | -€2,944 | -1.0% |
| Equity | 10/15 | €151,650 | €118,781 | -€32,869 | -21.7% |
| Contributions | 10/11 | €7,605 | €7,605 | = | 0.0% |
| Reserves | 13 | €144,045 | €111,176 | -€32,869 | -22.8% |
| Distributable reserves | 133 | €144,045 | €111,176 | -€32,869 | -22.8% |
| Amounts payable | 17/49 | €147,466 | €177,392 | +€29,925 | +20.3% |
| Amounts payable after more than one year | 17 | €46,000 | €30,666 | -€15,333 | -33.3% |
| Financial debts | 170/4 | €46,000 | €30,666 | -€15,333 | -33.3% |
| Amounts payable within one year | 42/48 | €101,467 | €146,725 | +€45,259 | +44.6% |
| Current portion of amounts payable after more than one year | 42 | €15,333 | €15,333 | = | 0.0% |
| Trade debts | 44 | €37,104 | €53,163 | +€16,059 | +43.3% |
| Suppliers | 440/4 | €37,104 | €53,163 | +€16,059 | +43.3% |
| Advances received on contracts in progress | 46 | €14,752 | €8,250 | -€6,502 | -44.1% |
| Taxes, remuneration and social security | 45 | €34,277 | €68,651 | +€34,374 | +100.3% |
| Taxes | 450/3 | €3,747 | €1,369 | -€2,378 | -63.5% |
| Remuneration and social security | 454/9 | €30,530 | €67,282 | +€36,752 | +120.4% |
| Other amounts payable | 47/48 | - | €1,328 | +€1,328 | |
| Remuneration, social security and pensions | 62 | €122,471 | €248,646 | +€126,175 | +103.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,475 | €14,708 | +€232 | +1.6% |
| Other operating charges | 640/8 | €114,237 | €188,095 | +€73,858 | +64.7% |
| Gross operating margin | 9900 | €258,888 | €429,127 | +€170,239 | +65.8% |
| Operating profit (loss) | 9901 | €7,705 | -€22,322 | -€30,027 | |
| Financial income | 75/76B | €98 | €0 | -€98 | -100.0% |
| Recurring financial income | 75 | €98 | €0 | -€98 | -100.0% |
| Financial charges | 65/66B | €8,103 | €9,611 | +€1,508 | +18.6% |
| Recurring financial charges | 65 | €8,103 | €9,611 | +€1,508 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | -€299 | -€31,932 | -€31,633 | -10568.7% |
| Income taxes | 67/77 | €433 | €937 | +€504 | +116.5% |
| Profit (loss) for the period | 9904 | -€732 | -€32,869 | -€32,137 | -4390.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€732 | -€32,869 | -€32,137 | -4390.7% |
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 5 October 2026 via checked.be.