KURE BELGIUM: what changed
What changed
KURE BELGIUM
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
filed annual accounts (NBB)
Net result for the year
€13,125
2024 · -€48,505+€61,629
Equity
€1.2m
2024 · €1.3m-€92,942
Cash
€175,118
2024 · €104,087+€71,032
Balance sheet total
€1.7m
2024 · €1.8m-€146,112
Largest movements
Assets
- Stocks and contracts -€132,163
down €132,163 (-18.4%), from €719,818 to €587,654
- Tangible fixed assets -€80,359
down €80,359 (-8.9%), from €907,923 to €827,564
- Cash +€71,032
up €71,032 (+68.2%), from €104,087 to €175,118
mainly Stocks and contracts (+€132,163) and Other debts (+€83,451)
Equity and liabilities
- Debts after one year -€101,804
down €101,804 (-92.3%), from €110,331 to €8,527
- Reserves -€91,338
down €91,338 (-10.8%), from €846,320 to €754,982
of which Distributable reserves: -€91,338
- Other debts +€83,451
up €83,451 (+32.1%), from €259,705 to €343,156
- Trade debts -€27,487
down €27,487 (-72.4%), from €37,986 to €10,499
Income statement
- Staff costs -€96,750
down €96,750 (-50.8%), from €190,331 to €93,580
- Gross operating margin -€33,541
down €33,541 (-14.1%), from €237,369 to €203,828
- Financial income -€9,833
down €9,833 (-34.2%), from €28,791 to €18,958
- Financial charges -€9,580
down €9,580 (-21.3%), from €45,015 to €35,436
- Taxes +€2,712
up €2,712, from -€1,399 to €1,312
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€48,505
Gross operating margin
-€33,541
Staff costs
+€96,750
Depreciation
+€2,239
Other operating charges
-€854
Financial income
-€9,833
Financial charges
+€9,580
Taxes
-€2,712
Result 2025
€13,125
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€273,570
Investment
+€4,382
Financing
-€206,920
Cash 2024
€104,087
From operations (derived)
+€273,570
Net result for the year
+€13,125
Depreciation
+€75,977
Stocks and contracts
+€132,163
Receivables within one year
+€2,420
Deferred charges and accrued income
+€2,200
Trade debts
-€27,487
Tax, wage and social debts
-€8,279
Other debts
+€83,451
Investment (derived)
+€4,382
Investment in fixed assets (net)
+€4,382
Financing
-€206,920
Debts after one year
-€101,804
Current portion of long-term debt
+€950
Contributions, distributions and other
-€106,066
Cash 2025
€175,118
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,825,603 | €1,679,491 | -€146,112 | -8.0% |
| Fixed assets | 21/28 | €908,539 | €828,180 | -€80,359 | -8.8% |
| Tangible fixed assets | 22/27 | €907,923 | €827,564 | -€80,359 | -8.9% |
| Land and buildings | 22 | €626,500 | €604,333 | -€22,167 | -3.5% |
| Plant, machinery and equipment | 23 | €199,937 | €171,419 | -€28,519 | -14.3% |
| Furniture and vehicles | 24 | €81,486 | €51,812 | -€29,674 | -36.4% |
| Financial fixed assets | 28 | €616 | €616 | = | 0.0% |
| Current assets | 29/58 | €917,064 | €851,312 | -€65,753 | -7.2% |
| Stocks and contracts in progress | 3 | €719,818 | €587,654 | -€132,163 | -18.4% |
| Stocks | 30/36 | €719,818 | €587,654 | -€132,163 | -18.4% |
| Amounts receivable within one year | 40/41 | €70,224 | €67,803 | -€2,420 | -3.4% |
| Trade receivables | 40 | €30,918 | €23,960 | -€6,958 | -22.5% |
| Other amounts receivable | 41 | €39,306 | €43,843 | +€4,538 | +11.5% |
| Cash at bank and in hand | 54/58 | €104,087 | €175,118 | +€71,032 | +68.2% |
| Deferred charges and accrued income | 490/1 | €22,937 | €20,736 | -€2,200 | -9.6% |
| Total equity and liabilities | 10/49 | €1,825,603 | €1,679,491 | -€146,112 | -8.0% |
| Equity | 10/15 | €1,269,243 | €1,176,302 | -€92,942 | -7.3% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €846,320 | €754,982 | -€91,338 | -10.8% |
| Non-distributable reserves | 130/1 | €11,860 | €11,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,860 | €11,860 | = | 0.0% |
| Distributable reserves | 133 | €834,460 | €743,122 | -€91,338 | -10.9% |
| Profit (loss) carried forward | 14 | €310,309 | €310,309 | = | 0.0% |
| Investment grants | 15 | €6,415 | €4,811 | -€1,604 | -25.0% |
| Amounts payable | 17/49 | €556,360 | €503,190 | -€53,170 | -9.6% |
| Amounts payable after more than one year | 17 | €110,331 | €8,527 | -€101,804 | -92.3% |
| Financial debts | 170/4 | €110,331 | €8,527 | -€101,804 | -92.3% |
| Amounts payable within one year | 42/48 | €446,029 | €494,663 | +€48,634 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €100,854 | €101,804 | +€950 | +0.9% |
| Trade debts | 44 | €37,986 | €10,499 | -€27,487 | -72.4% |
| Suppliers | 440/4 | €37,986 | €10,499 | -€27,487 | -72.4% |
| Taxes, remuneration and social security | 45 | €47,483 | €39,204 | -€8,279 | -17.4% |
| Taxes | 450/3 | €29,624 | €32,346 | +€2,723 | +9.2% |
| Remuneration and social security | 454/9 | €17,860 | €6,858 | -€11,002 | -61.6% |
| Other amounts payable | 47/48 | €259,705 | €343,156 | +€83,451 | +32.1% |
| Remuneration, social security and pensions | 62 | €190,331 | €93,580 | -€96,750 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,216 | €75,977 | -€2,239 | -2.9% |
| Other operating charges | 640/8 | €2,501 | €3,355 | +€854 | +34.1% |
| Gross operating margin | 9900 | €237,369 | €203,828 | -€33,541 | -14.1% |
| Operating profit (loss) | 9901 | -€33,679 | €30,914 | +€64,594 | |
| Financial income | 75/76B | €28,791 | €18,958 | -€9,833 | -34.2% |
| Recurring financial income | 75 | €28,791 | €18,958 | -€9,833 | -34.2% |
| Financial charges | 65/66B | €45,015 | €35,436 | -€9,580 | -21.3% |
| Recurring financial charges | 65 | €45,015 | €35,436 | -€9,580 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,904 | €14,437 | +€64,341 | |
| Income taxes | 67/77 | -€1,399 | €1,312 | +€2,712 | |
| Profit (loss) for the period | 9904 | -€48,505 | €13,125 | +€61,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,505 | €13,125 | +€61,629 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.