KURD - I: 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.
KURD - I
Largest movements
- Tangible fixed assets +€3,866
up €3,866 (+153%), from €2,528 to €6,395
- Receivables within one year +€2,349
up €2,349 (+26.3%), from €8,925 to €11,274
of which Other amounts receivable: +€2,360
- Cash +€823
up €823 (+7.5%), from €10,961 to €11,784
mainly Trade debts (+€5,371) and Tax, wage and social debts (+€3,356)
- Trade debts +€5,371
up €5,371 (+841%), from €638 to €6,009
- Tax, wage and social debts +€3,356
up €3,356 (+371%), from €905 to €4,261
of which Remuneration and social security: +€3,356
- Profit (loss) carried forward -€1,689
down €1,689 (-8.4%), from €20,023 to €18,334
- Gross operating margin +€14,534
up €14,534 (+252%), from €5,774 to €20,308
- Staff costs +€8,898
up €8,898 (+107%), from €8,298 to €17,196
- Taxes -€4,982
no longer reported in 2025 (was €4,982)
- Depreciation -€3,676
down €3,676 (-57.2%), from €6,421 to €2,745
- Other operating charges +€1,707
up €1,707 (+441%), from €387 to €2,095
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.
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 | €22,539 | €29,577 | +€7,038 | +31.2% |
| Fixed assets | 21/28 | €2,653 | €6,519 | +€3,866 | +146% |
| Tangible fixed assets | 22/27 | €2,528 | €6,395 | +€3,866 | +153% |
| Furniture and vehicles | 24 | €2,528 | €6,395 | +€3,866 | +153% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €19,886 | €23,058 | +€3,172 | +15.9% |
| Amounts receivable within one year | 40/41 | €8,925 | €11,274 | +€2,349 | +26.3% |
| Trade receivables | 40 | €11 | - | -€11 | |
| Other amounts receivable | 41 | €8,914 | €11,274 | +€2,360 | +26.5% |
| Cash at bank and in hand | 54/58 | €10,961 | €11,784 | +€823 | +7.5% |
| Total equity and liabilities | 10/49 | €22,539 | €29,577 | +€7,038 | +31.2% |
| Equity | 10/15 | €20,996 | €19,307 | -€1,689 | -8.0% |
| Contributions | 10/11 | €921 | €921 | = | 0.0% |
| Reserves | 13 | €53 | €53 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53 | €53 | = | 0.0% |
| Reserves not available under the articles | 1311 | €53 | €53 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,023 | €18,334 | -€1,689 | -8.4% |
| Amounts payable | 17/49 | €1,543 | €10,270 | +€8,727 | +566% |
| Amounts payable within one year | 42/48 | €1,543 | €10,270 | +€8,727 | +566% |
| Trade debts | 44 | €638 | €6,009 | +€5,371 | +841% |
| Suppliers | 440/4 | €638 | €6,009 | +€5,371 | +841% |
| Taxes, remuneration and social security | 45 | €905 | €4,261 | +€3,356 | +371% |
| Taxes | 450/3 | €190 | €190 | = | 0.0% |
| Remuneration and social security | 454/9 | €715 | €4,071 | +€3,356 | +470% |
| Remuneration, social security and pensions | 62 | €8,298 | €17,196 | +€8,898 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,421 | €2,745 | -€3,676 | -57.2% |
| Other operating charges | 640/8 | €387 | €2,095 | +€1,707 | +441% |
| Gross operating margin | 9900 | €5,774 | €20,308 | +€14,534 | +252% |
| Operating profit (loss) | 9901 | -€9,332 | -€1,728 | +€7,604 | +81.5% |
| Financial income | 75/76B | €551 | €497 | -€53 | -9.6% |
| Recurring financial income | 75 | €551 | €497 | -€53 | -9.6% |
| Financial charges | 65/66B | €226 | €458 | +€232 | +102% |
| Recurring financial charges | 65 | €226 | €458 | +€232 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€9,008 | -€1,689 | +€7,319 | +81.3% |
| Income taxes | 67/77 | €4,982 | - | -€4,982 | |
| Profit (loss) for the period | 9904 | -€13,990 | -€1,689 | +€12,301 | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,990 | -€1,689 | +€12,301 | +87.9% |
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 21 October 2026 via checked.be.