Kureco: 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.
Kureco
Largest movements
- Cash +€13,634
up €13,634 (+15.4%), from €88,277 to €101,911
mainly Net result for the year (+€19,883) and Depreciation (+€2,292)
- Receivables within one year +€4,218
up €4,218 (+57.3%), from €7,365 to €11,583
of which Other amounts receivable: +€3,141
- Reserves +€19,883
up €19,883 (+29.0%), from €68,502 to €88,385
- Trade debts -€3,686
down €3,686 (-17.2%), from €21,436 to €17,750
- Tax, wage and social debts +€1,479
up €1,479 (+15.0%), from €9,887 to €11,366
of which Remuneration and social security: +€2,734
- Staff costs +€5,877
up €5,877 (+13.7%), from €42,925 to €48,802
- Taxes -€1,780
down €1,780 (-16.4%), from €10,884 to €9,104
- Depreciation +€1,499
up €1,499 (+189%), from €793 to €2,292
- Gross operating margin +€1,038
up €1,038 (+1.2%), from €83,344 to €84,382
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 | €107,034 | €124,710 | +€17,676 | +16.5% |
| Fixed assets | 21/28 | €1,220 | €1,969 | +€749 | +61.4% |
| Tangible fixed assets | 22/27 | €1,220 | €1,969 | +€749 | +61.4% |
| Plant, machinery and equipment | 23 | €246 | €154 | -€92 | -37.4% |
| Furniture and vehicles | 24 | €506 | €1,815 | +€1,309 | +259% |
| Other tangible fixed assets | 26 | €468 | - | -€468 | |
| Current assets | 29/58 | €105,814 | €122,741 | +€16,927 | +16.0% |
| Stocks and contracts in progress | 3 | €8,775 | €8,013 | -€762 | -8.7% |
| Stocks | 30/36 | €8,775 | €8,013 | -€762 | -8.7% |
| Amounts receivable within one year | 40/41 | €7,365 | €11,583 | +€4,218 | +57.3% |
| Trade receivables | 40 | €6,924 | €8,001 | +€1,077 | +15.6% |
| Other amounts receivable | 41 | €441 | €3,582 | +€3,141 | +712% |
| Cash at bank and in hand | 54/58 | €88,277 | €101,911 | +€13,634 | +15.4% |
| Deferred charges and accrued income | 490/1 | €1,397 | €1,234 | -€163 | -11.7% |
| Total equity and liabilities | 10/49 | €107,034 | €124,710 | +€17,676 | +16.5% |
| Equity | 10/15 | €75,711 | €95,594 | +€19,883 | +26.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,502 | €88,385 | +€19,883 | +29.0% |
| Distributable reserves | 133 | €68,502 | €88,385 | +€19,883 | +29.0% |
| Profit (loss) carried forward | 14 | €1,009 | €1,009 | = | 0.0% |
| Amounts payable | 17/49 | €31,323 | €29,116 | -€2,207 | -7.0% |
| Amounts payable within one year | 42/48 | €31,323 | €29,116 | -€2,207 | -7.0% |
| Trade debts | 44 | €21,436 | €17,750 | -€3,686 | -17.2% |
| Suppliers | 440/4 | €21,436 | €17,750 | -€3,686 | -17.2% |
| Taxes, remuneration and social security | 45 | €9,887 | €11,366 | +€1,479 | +15.0% |
| Taxes | 450/3 | €3,924 | €2,669 | -€1,255 | -32.0% |
| Remuneration and social security | 454/9 | €5,963 | €8,697 | +€2,734 | +45.8% |
| Remuneration, social security and pensions | 62 | €42,925 | €48,802 | +€5,877 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793 | €2,292 | +€1,499 | +189% |
| Other operating charges | 640/8 | €2,109 | €1,904 | -€205 | -9.7% |
| Gross operating margin | 9900 | €83,344 | €84,382 | +€1,038 | +1.2% |
| Operating profit (loss) | 9901 | €37,517 | €31,384 | -€6,133 | -16.3% |
| Financial income | 75/76B | €1 | €47 | +€46 | +4,600% |
| Recurring financial income | 75 | €1 | €47 | +€46 | +4,600% |
| Financial charges | 65/66B | €2,455 | €2,444 | -€11 | -0.4% |
| Recurring financial charges | 65 | €2,455 | €2,444 | -€11 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €35,063 | €28,987 | -€6,076 | -17.3% |
| Income taxes | 67/77 | €10,884 | €9,104 | -€1,780 | -16.4% |
| Profit (loss) for the period | 9904 | €24,179 | €19,883 | -€4,296 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,179 | €19,883 | -€4,296 | -17.8% |
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 14 October 2026 via checked.be.