KURE-Trans: 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.
KURE-Trans
Largest movements
- Cash +€112,469
up €112,469 (+463.8%), from €24,252 to €136,721
mainly Other debts (+€50,058) and Depreciation (+€47,262)
- Tangible fixed assets -€36,470
down €36,470 (-4.7%), from €769,149 to €732,679
of which Land and buildings: -€18,372
- Receivables within one year +€18,003
up €18,003 (+23.9%), from €75,405 to €93,407
of which Trade receivables: +€10,941
- Other debts +€50,058
up €50,058 (+21.9%), from €228,278 to €278,336
- Reserves +€46,554
up €46,554 (+121.3%), from €38,394 to €84,948
- Debts after one year -€30,764
down €30,764 (-5.5%), from €558,662 to €527,898
- Tax, wage and social debts +€14,875
up €14,875 (+1245.8%), from €1,194 to €16,069
of which Taxes: +€11,623
- Trade debts +€13,468
up €13,468 (+89.1%), from €15,112 to €28,580
- Gross operating margin +€190,127
up €190,127 (+161.9%), from €117,400 to €307,526
- Staff costs +€55,951
up €55,951 (+741.0%), from €7,551 to €63,503
- Write-downs +€28,801
new in 2025: €28,801
- Taxes +€16,154
up €16,154 (+317.1%), from €5,094 to €21,247
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 | €877,164 | €971,430 | +€94,266 | +10.7% |
| Fixed assets | 21/28 | €769,149 | €732,679 | -€36,470 | -4.7% |
| Tangible fixed assets | 22/27 | €769,149 | €732,679 | -€36,470 | -4.7% |
| Land and buildings | 22 | €732,095 | €713,723 | -€18,372 | -2.5% |
| Plant, machinery and equipment | 23 | €8,363 | €5,789 | -€2,575 | -30.8% |
| Furniture and vehicles | 24 | €21,973 | €7,623 | -€14,349 | -65.3% |
| Other tangible fixed assets | 26 | €6,718 | €5,544 | -€1,175 | -17.5% |
| Current assets | 29/58 | €108,015 | €238,751 | +€130,737 | +121.0% |
| Amounts receivable within one year | 40/41 | €75,405 | €93,407 | +€18,003 | +23.9% |
| Trade receivables | 40 | €67,763 | €78,704 | +€10,941 | +16.1% |
| Other amounts receivable | 41 | €7,641 | €14,704 | +€7,062 | +92.4% |
| Cash at bank and in hand | 54/58 | €24,252 | €136,721 | +€112,469 | +463.8% |
| Deferred charges and accrued income | 490/1 | €8,358 | €8,623 | +€265 | +3.2% |
| Total equity and liabilities | 10/49 | €877,164 | €971,430 | +€94,266 | +10.7% |
| Equity | 10/15 | €41,394 | €87,948 | +€46,554 | +112.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €38,394 | €84,948 | +€46,554 | +121.3% |
| Distributable reserves | 133 | €38,394 | €84,948 | +€46,554 | +121.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €835,771 | €883,482 | +€47,712 | +5.7% |
| Amounts payable after more than one year | 17 | €558,662 | €527,898 | -€30,764 | -5.5% |
| Financial debts | 170/4 | €558,662 | €527,898 | -€30,764 | -5.5% |
| Amounts payable within one year | 42/48 | €274,029 | €353,749 | +€79,720 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €29,445 | €30,764 | +€1,319 | +4.5% |
| Trade debts | 44 | €15,112 | €28,580 | +€13,468 | +89.1% |
| Suppliers | 440/4 | €15,112 | €28,580 | +€13,468 | +89.1% |
| Taxes, remuneration and social security | 45 | €1,194 | €16,069 | +€14,875 | +1245.8% |
| Taxes | 450/3 | €121 | €11,745 | +€11,623 | +9567.4% |
| Remuneration and social security | 454/9 | €1,073 | €4,324 | +€3,252 | +303.2% |
| Other amounts payable | 47/48 | €228,278 | €278,336 | +€50,058 | +21.9% |
| Accrued charges and deferred income | 492/3 | €3,080 | €1,836 | -€1,244 | -40.4% |
| Non-recurring operating income | 76A | - | €5,615 | +€5,615 | |
| Remuneration, social security and pensions | 62 | €7,551 | €63,503 | +€55,951 | +741.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,641 | €47,262 | -€1,378 | -2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €28,801 | +€28,801 | |
| Other operating charges | 640/8 | €12,734 | €14,795 | +€2,060 | +16.2% |
| Non-recurring operating charges | 66A | - | €62,463 | +€62,463 | |
| Gross operating margin | 9900 | €117,400 | €307,526 | +€190,127 | +161.9% |
| Operating profit (loss) | 9901 | €48,474 | €90,703 | +€42,230 | +87.1% |
| Financial income | 75/76B | €517 | €2,883 | +€2,367 | +458.0% |
| Recurring financial income | 75 | €517 | €2,883 | +€2,367 | +458.0% |
| Financial charges | 65/66B | €25,825 | €25,785 | -€40 | -0.2% |
| Recurring financial charges | 65 | €25,825 | €25,785 | -€40 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €23,165 | €67,802 | +€44,636 | +192.7% |
| Income taxes | 67/77 | €5,094 | €21,247 | +€16,154 | +317.1% |
| Profit (loss) for the period | 9904 | €18,072 | €46,554 | +€28,483 | +157.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,072 | €46,554 | +€28,483 | +157.6% |
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 12 October 2026 via checked.be.