KURIK: what changed
Two fiscal 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.
KURIK
Largest movements
- Stocks and contracts -€10.7m
down €10.7m (-93.0%), from €11.5m to €812,939
- Advances received -€10.4m
no longer reported in 2025 (was €10.4m)
- Other debts -€362,401
down €362,401 (-54.1%), from €670,149 to €307,748
- Profit (loss) carried forward +€207,520
up €207,520 (+62.0%), from -€334,557 to -€127,037
- Trade debts -€138,397
down €138,397 (-48.5%), from €285,613 to €147,215
- Gross operating margin +€236,608
up €236,608, from -€24,479 to €212,130
- Financial income +€13,839
up €13,839 (+300.3%), from €4,609 to €18,448
- Financial charges -€9,944
down €9,944 (-34.7%), from €28,643 to €18,699
- Other operating charges -€7,254
down €7,254 (-69.7%), from €10,413 to €3,158
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 | €11,796,634 | €1,010,202 | -€10.8m | -91.4% |
| Fixed assets | 21/28 | €7,428 | €6,228 | -€1,200 | -16.2% |
| Tangible fixed assets | 22/27 | €3,423 | €2,223 | -€1,200 | -35.1% |
| Furniture and vehicles | 24 | €3,423 | €2,223 | -€1,200 | -35.1% |
| Financial fixed assets | 28 | €4,005 | €4,005 | = | 0.0% |
| Current assets | 29/58 | €11,789,206 | €1,003,974 | -€10.8m | -91.5% |
| Stocks and contracts in progress | 3 | €11,535,875 | €812,939 | -€10.7m | -93.0% |
| Stocks | 30/36 | €11,535,875 | €812,939 | -€10.7m | -93.0% |
| Amounts receivable within one year | 40/41 | €216,372 | €191,036 | -€25,336 | -11.7% |
| Trade receivables | 40 | €56,873 | €27,162 | -€29,710 | -52.2% |
| Other amounts receivable | 41 | €159,499 | €163,873 | +€4,374 | +2.7% |
| Cash at bank and in hand | 54/58 | €36,959 | - | -€36,959 | |
| Total equity and liabilities | 10/49 | €11,796,634 | €1,010,202 | -€10.8m | -91.4% |
| Equity | 10/15 | -€328,357 | -€120,837 | +€207,520 | +63.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,557 | -€127,037 | +€207,520 | +62.0% |
| Amounts payable | 17/49 | €12,124,992 | €1,131,039 | -€11.0m | -90.7% |
| Amounts payable within one year | 42/48 | €12,124,992 | €1,131,039 | -€11.0m | -90.7% |
| Financial debts | 43 | €642,163 | €604,289 | -€37,874 | -5.9% |
| Credit institutions | 430/8 | €642,163 | €604,289 | -€37,874 | -5.9% |
| Trade debts | 44 | €285,613 | €147,215 | -€138,397 | -48.5% |
| Suppliers | 440/4 | €285,613 | €147,215 | -€138,397 | -48.5% |
| Advances received on contracts in progress | 46 | €10,355,725 | - | -€10.4m | |
| Taxes, remuneration and social security | 45 | €171,343 | €71,787 | -€99,556 | -58.1% |
| Taxes | 450/3 | €171,343 | €71,787 | -€99,556 | -58.1% |
| Other amounts payable | 47/48 | €670,149 | €307,748 | -€362,401 | -54.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,200 | €1,200 | = | 0.0% |
| Other operating charges | 640/8 | €10,413 | €3,158 | -€7,254 | -69.7% |
| Gross operating margin | 9900 | -€24,479 | €212,130 | +€236,608 | |
| Operating profit (loss) | 9901 | -€36,092 | €207,771 | +€243,863 | |
| Financial income | 75/76B | €4,609 | €18,448 | +€13,839 | +300.3% |
| Recurring financial income | 75 | €4,609 | €18,448 | +€13,839 | +300.3% |
| Financial charges | 65/66B | €28,643 | €18,699 | -€9,944 | -34.7% |
| Recurring financial charges | 65 | €28,643 | €18,699 | -€9,944 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | -€60,126 | €207,520 | +€267,646 | |
| Profit (loss) for the period | 9904 | -€60,126 | €207,520 | +€267,646 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,126 | €207,520 | +€267,646 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.