KURAUDO: 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.
KURAUDO
Largest movements
- Cash +€19,153
up €19,153 (+20.0%), from €95,616 to €114,768
mainly Net result for the year (+€46,789) and Depreciation (+€3,095)
- Receivables within one year +€14,459
up €14,459 (+111%), from €13,068 to €27,527
of which Trade receivables: +€14,004
- Tangible fixed assets -€3,095
down €3,095 (-73.8%), from €4,193 to €1,098
- Deferred charges and accrued income +€1,879
new in 2025: €1,879
- Reserves +€46,789
up €46,789 (+64.4%), from €72,621 to €119,409
- Tax, wage and social debts -€12,511
down €12,511 (-38.3%), from €32,664 to €20,153
- Other debts -€2,311
no longer reported in 2025 (was €2,311)
- Gross operating margin +€22,491
up €22,491 (+51.6%), from €43,614 to €66,105
- Taxes +€4,760
up €4,760 (+61.6%), from €7,730 to €12,490
- Staff costs -€742
down €742 (-21.2%), from €3,501 to €2,759
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 | €113,477 | €145,872 | +€32,395 | +28.5% |
| Fixed assets | 21/28 | €4,793 | €1,698 | -€3,095 | -64.6% |
| Tangible fixed assets | 22/27 | €4,193 | €1,098 | -€3,095 | -73.8% |
| Plant, machinery and equipment | 23 | €4,193 | €1,098 | -€3,095 | -73.8% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €108,684 | €144,174 | +€35,490 | +32.7% |
| Amounts receivable within one year | 40/41 | €13,068 | €27,527 | +€14,459 | +111% |
| Trade receivables | 40 | €13,068 | €27,072 | +€14,004 | +107% |
| Other amounts receivable | 41 | - | €455 | +€455 | |
| Cash at bank and in hand | 54/58 | €95,616 | €114,768 | +€19,153 | +20.0% |
| Deferred charges and accrued income | 490/1 | - | €1,879 | +€1,879 | |
| Total equity and liabilities | 10/49 | €113,477 | €145,872 | +€32,395 | +28.5% |
| Equity | 10/15 | €77,621 | €124,409 | +€46,789 | +60.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €72,621 | €119,409 | +€46,789 | +64.4% |
| Distributable reserves | 133 | €72,621 | €119,409 | +€46,789 | +64.4% |
| Amounts payable | 17/49 | €35,856 | €21,462 | -€14,393 | -40.1% |
| Amounts payable within one year | 42/48 | €35,856 | €21,318 | -€14,537 | -40.5% |
| Trade debts | 44 | €880 | €1,166 | +€285 | +32.4% |
| Suppliers | 440/4 | €880 | €1,166 | +€285 | +32.4% |
| Taxes, remuneration and social security | 45 | €32,664 | €20,153 | -€12,511 | -38.3% |
| Taxes | 450/3 | €32,664 | €20,153 | -€12,511 | -38.3% |
| Other amounts payable | 47/48 | €2,311 | - | -€2,311 | |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Remuneration, social security and pensions | 62 | €3,501 | €2,759 | -€742 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €3,095 | +€287 | +10.2% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €43,614 | €66,105 | +€22,491 | +51.6% |
| Operating profit (loss) | 9901 | €36,777 | €59,706 | +€22,929 | +62.3% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €203 | €428 | +€225 | +111% |
| Recurring financial charges | 65 | €203 | €428 | +€225 | +111% |
| Profit (loss) for the period before taxes | 9903 | €36,579 | €59,279 | +€22,700 | +62.1% |
| Income taxes | 67/77 | €7,730 | €12,490 | +€4,760 | +61.6% |
| Profit (loss) for the period | 9904 | €28,849 | €46,789 | +€17,940 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,849 | €46,789 | +€17,940 | +62.2% |
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 15 October 2026 via checked.be.