Kurc: 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.
Kurc
Largest movements
- Receivables within one year +€21,572
up €21,572 (+87.2%), from €24,731 to €46,303
of which Trade receivables: +€16,152
- Deferred charges and accrued income -€7,903
down €7,903 (-80.9%), from €9,765 to €1,861
- Cash +€6,097
up €6,097 (+14.0%), from €43,399 to €49,496
mainly Other debts (+€30,156) and Net result for the year (+€14,593)
- Tangible fixed assets -€1,684
down €1,684 (-19.0%), from €8,884 to €7,200
of which Other tangible fixed assets: -€1,379
- Other debts +€30,156
up €30,156, from €0 to €30,156
- Reserves -€15,563
down €15,563 (-26.0%), from €59,905 to €44,342
- Tax, wage and social debts +€3,429
up €3,429 (+34.3%), from €9,990 to €13,419
of which Taxes: +€3,429
- Trade debts +€1,876
up €1,876 (+65.5%), from €2,864 to €4,741
- Short-term financial debts -€1,817
down €1,817 (-97.6%), from €1,861 to €45
- Gross operating margin +€11,756
up €11,756 (+75.3%), from €15,608 to €27,364
- Taxes +€4,646
up €4,646 (+115.7%), from €4,017 to €8,663
- Financial income +€591
up €591 (+112.8%), from €524 to €1,115
- Depreciation -€292
down €292 (-8.5%), from €3,426 to €3,135
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 | €86,779 | €104,861 | +€18,082 | +20.8% |
| Fixed assets | 21/28 | €8,884 | €7,200 | -€1,684 | -19.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €8,884 | €7,200 | -€1,684 | -19.0% |
| Plant, machinery and equipment | 23 | €1,709 | €1,083 | -€626 | -36.6% |
| Furniture and vehicles | 24 | €1,704 | €2,025 | +€321 | +18.8% |
| Other tangible fixed assets | 26 | €5,471 | €4,092 | -€1,379 | -25.2% |
| Current assets | 29/58 | €77,895 | €97,661 | +€19,766 | +25.4% |
| Amounts receivable within one year | 40/41 | €24,731 | €46,303 | +€21,572 | +87.2% |
| Trade receivables | 40 | €6,805 | €22,957 | +€16,152 | +237.3% |
| Other amounts receivable | 41 | €17,926 | €23,347 | +€5,421 | +30.2% |
| Cash at bank and in hand | 54/58 | €43,399 | €49,496 | +€6,097 | +14.0% |
| Deferred charges and accrued income | 490/1 | €9,765 | €1,861 | -€7,903 | -80.9% |
| Total equity and liabilities | 10/49 | €86,779 | €104,861 | +€18,082 | +20.8% |
| Equity | 10/15 | €72,064 | €56,501 | -€15,563 | -21.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €59,905 | €44,342 | -€15,563 | -26.0% |
| Distributable reserves | 133 | €59,905 | €44,342 | -€15,563 | -26.0% |
| Profit (loss) carried forward | 14 | €7,159 | €7,159 | = | 0.0% |
| Amounts payable | 17/49 | €14,715 | €48,360 | +€33,645 | +228.6% |
| Amounts payable within one year | 42/48 | €14,715 | €48,360 | +€33,645 | +228.6% |
| Financial debts | 43 | €1,861 | €45 | -€1,817 | -97.6% |
| Credit institutions | 430/8 | €1,861 | €45 | -€1,817 | -97.6% |
| Trade debts | 44 | €2,864 | €4,741 | +€1,876 | +65.5% |
| Suppliers | 440/4 | €2,864 | €4,741 | +€1,876 | +65.5% |
| Taxes, remuneration and social security | 45 | €9,990 | €13,419 | +€3,429 | +34.3% |
| Taxes | 450/3 | €6,150 | €9,579 | +€3,429 | +55.8% |
| Remuneration and social security | 454/9 | €3,840 | €3,840 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €30,156 | +€30,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,426 | €3,135 | -€292 | -8.5% |
| Other operating charges | 640/8 | €2,122 | €1,976 | -€146 | -6.9% |
| Gross operating margin | 9900 | €15,608 | €27,364 | +€11,756 | +75.3% |
| Operating profit (loss) | 9901 | €10,060 | €22,254 | +€12,194 | +121.2% |
| Financial income | 75/76B | €524 | €1,115 | +€591 | +112.8% |
| Recurring financial income | 75 | €524 | €1,115 | +€591 | +112.8% |
| Financial charges | 65/66B | €141 | €113 | -€29 | -20.4% |
| Recurring financial charges | 65 | €141 | €113 | -€29 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €10,442 | €23,256 | +€12,814 | +122.7% |
| Income taxes | 67/77 | €4,017 | €8,663 | +€4,646 | +115.7% |
| Profit (loss) for the period | 9904 | €6,425 | €14,593 | +€8,168 | +127.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,425 | €14,593 | +€8,168 | +127.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.