KURDA BEATA: 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.
KURDA BEATA
Largest movements
- Receivables within one year -€31,284
down €31,284 (-37.8%), from €82,695 to €51,411
of which Other amounts receivable: -€22,630
- Cash +€16,281
up €16,281 (+78.6%), from €20,722 to €37,003
mainly Receivables within one year (+€31,284) and Net result for the year (+€30,503)
- Tangible fixed assets -€14,559
down €14,559 (-15.6%), from €93,335 to €78,776
of which Land and buildings: -€12,675
- Debts after one year -€14,092
down €14,092 (-19.7%), from €71,512 to €57,420
- Reserves -€8,473
down €8,473 (-2.6%), from €329,767 to €321,293
- Gross operating margin -€35,018
down €35,018 (-34.9%), from €100,399 to €65,381
- Financial income -€9,395
down €9,395 (-97.3%), from €9,660 to €265
- Taxes -€8,187
down €8,187 (-33.0%), from €24,804 to €16,618
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 | €434,390 | €404,690 | -€29,699 | -6.8% |
| Fixed assets | 21/28 | €93,335 | €78,776 | -€14,559 | -15.6% |
| Tangible fixed assets | 22/27 | €93,335 | €78,776 | -€14,559 | -15.6% |
| Land and buildings | 22 | €88,724 | €76,049 | -€12,675 | -14.3% |
| Plant, machinery and equipment | 23 | €2,616 | €1,634 | -€982 | -37.5% |
| Furniture and vehicles | 24 | €1,995 | €1,093 | -€902 | -45.2% |
| Current assets | 29/58 | €341,054 | €325,914 | -€15,141 | -4.4% |
| Amounts receivable after more than one year | 29 | €237,500 | €237,500 | = | 0.0% |
| Trade receivables | 290 | €237,500 | €237,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,695 | €51,411 | -€31,284 | -37.8% |
| Trade receivables | 40 | €13,485 | €4,831 | -€8,654 | -64.2% |
| Other amounts receivable | 41 | €69,210 | €46,580 | -€22,630 | -32.7% |
| Cash at bank and in hand | 54/58 | €20,722 | €37,003 | +€16,281 | +78.6% |
| Deferred charges and accrued income | 490/1 | €137 | - | -€137 | |
| Total equity and liabilities | 10/49 | €434,390 | €404,690 | -€29,699 | -6.8% |
| Equity | 10/15 | €330,767 | €322,293 | -€8,473 | -2.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €329,767 | €321,293 | -€8,473 | -2.6% |
| Distributable reserves | 133 | €329,767 | €321,293 | -€8,473 | -2.6% |
| Amounts payable | 17/49 | €103,623 | €82,397 | -€21,226 | -20.5% |
| Amounts payable after more than one year | 17 | €71,512 | €57,420 | -€14,092 | -19.7% |
| Financial debts | 170/4 | €71,512 | €57,420 | -€14,092 | -19.7% |
| Amounts payable within one year | 42/48 | €32,111 | €24,977 | -€7,134 | -22.2% |
| Current portion of amounts payable after more than one year | 42 | €15,520 | €14,092 | -€1,428 | -9.2% |
| Trade debts | 44 | €4,202 | €352 | -€3,850 | -91.6% |
| Suppliers | 440/4 | €4,202 | €352 | -€3,850 | -91.6% |
| Taxes, remuneration and social security | 45 | €12,389 | €10,533 | -€1,856 | -15.0% |
| Taxes | 450/3 | €12,389 | €9,997 | -€2,392 | -19.3% |
| Remuneration and social security | 454/9 | - | €535 | +€535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,907 | €14,559 | +€652 | +4.7% |
| Other operating charges | 640/8 | €1,511 | €1,570 | +€59 | +3.9% |
| Gross operating margin | 9900 | €100,399 | €65,381 | -€35,018 | -34.9% |
| Operating profit (loss) | 9901 | €84,981 | €49,252 | -€35,729 | -42.0% |
| Financial income | 75/76B | €9,660 | €265 | -€9,395 | -97.3% |
| Recurring financial income | 75 | €9,660 | €265 | -€9,395 | -97.3% |
| Financial charges | 65/66B | €2,909 | €2,396 | -€513 | -17.6% |
| Recurring financial charges | 65 | €2,909 | €2,396 | -€513 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €91,733 | €47,121 | -€44,611 | -48.6% |
| Income taxes | 67/77 | €24,804 | €16,618 | -€8,187 | -33.0% |
| Profit (loss) for the period | 9904 | €66,928 | €30,503 | -€36,425 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,928 | €30,503 | -€36,425 | -54.4% |
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 19 October 2026 via checked.be.