KURBI: 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.
KURBI
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+3241.1%), from €33,394 to €1.1m
- Cash -€117,842
down €117,842 (-88.1%), from €133,831 to €15,989
mainly Investment in fixed assets (net) (-€1.1m) and Provisions (-€54,000)
- Debts after one year +€939,566
new in 2025: €939,566
- Provisions -€54,000
no longer reported in 2025 (was €54,000)
- Other debts +€48,157
up €48,157 (+331.6%), from €14,523 to €62,680
- Current portion of long-term debt +€37,859
new in 2025: €37,859
- Tax, wage and social debts -€17,254
no longer reported in 2025 (was €17,254)
of which Taxes: -€17,234
- Depreciation +€27,189
up €27,189 (+2474.0%), from €1,099 to €28,288
- Financial charges +€21,815
up €21,815 (+4085.2%), from €534 to €22,349
- Taxes -€8,407
down €8,407 (-73.2%), from €11,486 to €3,079
- Gross operating margin +€6,423
up €6,423 (+10.8%), from €59,433 to €65,856
- Other operating charges -€948
down €948 (-56.3%), from €1,685 to €737
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 | €188,520 | €1,151,303 | +€962,783 | +510.7% |
| Fixed assets | 21/28 | €33,394 | €1,115,714 | +€1.1m | +3241.1% |
| Tangible fixed assets | 22/27 | €33,394 | €1,115,714 | +€1.1m | +3241.1% |
| Land and buildings | 22 | €33,394 | €1,115,714 | +€1.1m | +3241.1% |
| Current assets | 29/58 | €155,126 | €35,589 | -€119,537 | -77.1% |
| Amounts receivable within one year | 40/41 | €16,895 | €19,600 | +€2,705 | +16.0% |
| Trade receivables | 40 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Other amounts receivable | 41 | €1,895 | €9,600 | +€7,705 | +406.6% |
| Current investments | 50/53 | €4,400 | - | -€4,400 | |
| Cash at bank and in hand | 54/58 | €133,831 | €15,989 | -€117,842 | -88.1% |
| Total equity and liabilities | 10/49 | €188,520 | €1,151,303 | +€962,783 | +510.7% |
| Equity | 10/15 | €99,884 | €111,198 | +€11,314 | +11.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,884 | €110,198 | +€11,314 | +11.4% |
| Provisions and deferred taxes | 16 | €54,000 | - | -€54,000 | |
| Provisions for liabilities and charges | 160/5 | €54,000 | - | -€54,000 | |
| Other liabilities and charges | 164/5 | €54,000 | - | -€54,000 | |
| Amounts payable | 17/49 | €34,636 | €1,040,105 | +€1.0m | +2903.0% |
| Amounts payable after more than one year | 17 | - | €939,566 | +€939,566 | |
| Financial debts | 170/4 | - | €939,566 | +€939,566 | |
| Amounts payable within one year | 42/48 | €34,002 | €100,539 | +€66,537 | +195.7% |
| Current portion of amounts payable after more than one year | 42 | - | €37,859 | +€37,859 | |
| Trade debts | 44 | €2,225 | - | -€2,225 | |
| Suppliers | 440/4 | €2,225 | - | -€2,225 | |
| Taxes, remuneration and social security | 45 | €17,254 | - | -€17,254 | |
| Taxes | 450/3 | €17,234 | - | -€17,234 | |
| Remuneration and social security | 454/9 | €20 | - | -€20 | |
| Other amounts payable | 47/48 | €14,523 | €62,680 | +€48,157 | +331.6% |
| Accrued charges and deferred income | 492/3 | €634 | - | -€634 | |
| Remuneration, social security and pensions | 62 | - | €92 | +€92 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,099 | €28,288 | +€27,189 | +2474.0% |
| Other operating charges | 640/8 | €1,685 | €737 | -€948 | -56.3% |
| Gross operating margin | 9900 | €59,433 | €65,856 | +€6,423 | +10.8% |
| Operating profit (loss) | 9901 | €56,649 | €36,739 | -€19,910 | -35.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €534 | €22,349 | +€21,815 | +4085.2% |
| Recurring financial charges | 65 | €534 | €22,349 | +€21,815 | +4085.2% |
| Profit (loss) for the period before taxes | 9903 | €56,115 | €14,393 | -€41,722 | -74.4% |
| Income taxes | 67/77 | €11,486 | €3,079 | -€8,407 | -73.2% |
| Profit (loss) for the period | 9904 | €44,629 | €11,314 | -€33,315 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,629 | €11,314 | -€33,315 | -74.6% |
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 11 October 2026 via checked.be.