Kuringen Park Construct: 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.
Kuringen Park Construct
Largest movements
- Stocks and contracts +€1.9m
up €1.9m (+157.4%), from €1.2m to €3.1m
- Cash +€612,147
up €612,147 (+3060.7%), from €20,000 to €632,147
mainly Short-term financial debts (+€1.3m) and Advances received (+€1.2m)
- Receivables within one year +€329,090
up €329,090 (+213.2%), from €154,372 to €483,462
of which Trade receivables: +€354,414
- Short-term financial debts +€1.3m
new in 2025: €1.3m
- Advances received +€1.2m
new in 2025: €1.2m
- Other debts +€859,322
new in 2025: €859,322
- Trade debts -€513,733
down €513,733 (-38.0%), from €1.4m to €839,232
- Gross operating margin -€2,712
down €2,712, from €422 to -€2,290
- Other operating charges +€2,039
up €2,039 (+483.2%), from €422 to €2,461
- Financial charges +€296
new in 2025: €296
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €1,372,964 | €4,200,649 | +€2.8m | +206.0% |
| Current assets | 29/58 | €1,372,964 | €4,200,649 | +€2.8m | +206.0% |
| Stocks and contracts in progress | 3 | €1,198,592 | €3,085,041 | +€1.9m | +157.4% |
| Contracts in progress | 37 | €1,198,592 | €3,085,041 | +€1.9m | +157.4% |
| Amounts receivable within one year | 40/41 | €154,372 | €483,462 | +€329,090 | +213.2% |
| Trade receivables | 40 | €539 | €354,953 | +€354,414 | +65747.8% |
| Other amounts receivable | 41 | €153,833 | €128,509 | -€25,324 | -16.5% |
| Cash at bank and in hand | 54/58 | €20,000 | €632,147 | +€612,147 | +3060.7% |
| Total equity and liabilities | 10/49 | €1,372,964 | €4,200,649 | +€2.8m | +206.0% |
| Equity | 10/15 | €20,000 | €14,953 | -€5,047 | -25.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,047 | -€5,047 | |
| Amounts payable | 17/49 | €1,352,964 | €4,185,697 | +€2.8m | +209.4% |
| Amounts payable within one year | 42/48 | €1,352,964 | €4,185,697 | +€2.8m | +209.4% |
| Financial debts | 43 | - | €1,326,772 | +€1.3m | |
| Credit institutions | 430/8 | - | €1,326,772 | +€1.3m | |
| Trade debts | 44 | €1,352,964 | €839,232 | -€513,733 | -38.0% |
| Suppliers | 440/4 | €1,352,964 | €839,232 | -€513,733 | -38.0% |
| Advances received on contracts in progress | 46 | - | €1,160,371 | +€1.2m | |
| Other amounts payable | 47/48 | - | €859,322 | +€859,322 | |
| Other operating charges | 640/8 | €422 | €2,461 | +€2,039 | +483.2% |
| Gross operating margin | 9900 | €422 | -€2,290 | -€2,712 | |
| Operating profit (loss) | 9901 | - | -€4,751 | -€4,751 | |
| Financial charges | 65/66B | - | €296 | +€296 | |
| Recurring financial charges | 65 | - | €296 | +€296 | |
| Profit (loss) for the period before taxes | 9903 | - | -€5,047 | -€5,047 | |
| Profit (loss) for the period | 9904 | - | -€5,047 | -€5,047 | |
| Profit (loss) for the period to be appropriated | 9905 | - | -€5,047 | -€5,047 |
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.