Kurker: 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.
Kurker
Largest movements
- Tangible fixed assets +€215,305
up €215,305 (+683.2%), from €31,513 to €246,819
of which Land and buildings: +€129,049
- Cash +€46,322
up €46,322 (+194.8%), from €23,781 to €70,102
mainly Accrued charges and deferred income (+€145,596) and Debts after one year (+€119,411)
- Receivables within one year -€17,261
down €17,261 (-10.9%), from €157,797 to €140,535
- Accrued charges and deferred income +€145,596
up €145,596 (+6380.2%), from €2,282 to €147,878
- Debts after one year +€119,411
up €119,411 (+1184.6%), from €10,081 to €129,491
- Trade debts -€36,677
down €36,677 (-99.9%), from €36,725 to €47
- Current portion of long-term debt +€13,114
up €13,114 (+81.0%), from €16,200 to €29,314
- Other debts +€10,346
up €10,346 (+24.3%), from €42,530 to €52,875
- Gross operating margin -€60,911
down €60,911 (-64.7%), from €94,204 to €33,293
- Taxes -€20,032
down €20,032 (-94.8%), from €21,127 to €1,096
- Depreciation +€10,637
up €10,637 (+184.1%), from €5,777 to €16,413
- Other operating charges +€7,002
up €7,002 (+358.2%), from €1,955 to €8,958
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 | €215,442 | €459,744 | +€244,302 | +113.4% |
| Fixed assets | 21/28 | €33,801 | €249,106 | +€215,305 | +637.0% |
| Tangible fixed assets | 22/27 | €31,513 | €246,819 | +€215,305 | +683.2% |
| Land and buildings | 22 | - | €129,049 | +€129,049 | |
| Plant, machinery and equipment | 23 | - | €1,470 | +€1,470 | |
| Furniture and vehicles | 24 | €31,513 | €116,299 | +€84,786 | +269.0% |
| Financial fixed assets | 28 | €2,288 | €2,288 | = | 0.0% |
| Current assets | 29/58 | €181,641 | €210,638 | +€28,997 | +16.0% |
| Amounts receivable within one year | 40/41 | €157,797 | €140,535 | -€17,261 | -10.9% |
| Trade receivables | 40 | €157,797 | €140,535 | -€17,261 | -10.9% |
| Cash at bank and in hand | 54/58 | €23,781 | €70,102 | +€46,322 | +194.8% |
| Deferred charges and accrued income | 490/1 | €64 | - | -€64 | |
| Total equity and liabilities | 10/49 | €215,442 | €459,744 | +€244,302 | +113.4% |
| Equity | 10/15 | €69,412 | €71,856 | +€2,444 | +3.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,366 | €42,810 | +€2,444 | +6.1% |
| Distributable reserves | 133 | €40,366 | €42,810 | +€2,444 | +6.1% |
| Profit (loss) carried forward | 14 | €28,046 | €28,046 | = | 0.0% |
| Amounts payable | 17/49 | €146,030 | €387,888 | +€241,858 | +165.6% |
| Amounts payable after more than one year | 17 | €10,081 | €129,491 | +€119,411 | +1184.6% |
| Financial debts | 170/4 | €10,081 | €129,491 | +€119,411 | +1184.6% |
| Amounts payable within one year | 42/48 | €133,668 | €110,519 | -€23,149 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €16,200 | €29,314 | +€13,114 | +81.0% |
| Trade debts | 44 | €36,725 | €47 | -€36,677 | -99.9% |
| Suppliers | 440/4 | €36,725 | €47 | -€36,677 | -99.9% |
| Taxes, remuneration and social security | 45 | €38,213 | €28,282 | -€9,931 | -26.0% |
| Taxes | 450/3 | €38,213 | €28,282 | -€9,931 | -26.0% |
| Other amounts payable | 47/48 | €42,530 | €52,875 | +€10,346 | +24.3% |
| Accrued charges and deferred income | 492/3 | €2,282 | €147,878 | +€145,596 | +6380.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,777 | €16,413 | +€10,637 | +184.1% |
| Other operating charges | 640/8 | €1,955 | €8,958 | +€7,002 | +358.2% |
| Non-recurring operating charges | 66A | €21,324 | - | -€21,324 | |
| Gross operating margin | 9900 | €94,204 | €33,293 | -€60,911 | -64.7% |
| Operating profit (loss) | 9901 | €65,149 | €7,923 | -€57,226 | -87.8% |
| Financial charges | 65/66B | €3,655 | €4,383 | +€728 | +19.9% |
| Recurring financial charges | 65 | €3,655 | €4,383 | +€728 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €61,493 | €3,540 | -€57,954 | -94.2% |
| Income taxes | 67/77 | €21,127 | €1,096 | -€20,032 | -94.8% |
| Profit (loss) for the period | 9904 | €40,366 | €2,444 | -€37,922 | -93.9% |
| Profit (loss) for the period to be appropriated | 9905 | €40,366 | €2,444 | -€37,922 | -93.9% |
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 5 October 2026 via checked.be.