Kurmart: 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.
Kurmart
Largest movements
- Cash +€33,791
up €33,791 (+31.9%), from €105,978 to €139,770
mainly Net result for the year (+€46,419) and Advances received (+€22,990)
- Receivables within one year +€3,897
up €3,897 (+15.6%), from €25,007 to €28,904
of which Other amounts receivable: +€5,055
- Profit (loss) carried forward +€30,794
up €30,794 (+37.3%), from €82,509 to €113,304
- Advances received +€22,990
new in 2025: €22,990
- Tax, wage and social debts -€14,770
down €14,770 (-33.7%), from €43,791 to €29,021
- Gross operating margin -€5,669
down €5,669 (-7.6%), from €74,637 to €68,968
- Taxes -€1,542
down €1,542 (-8.0%), from €19,197 to €17,655
- Financial charges +€759
up €759 (+25.7%), from €2,952 to €3,711
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 | €131,923 | €170,381 | +€38,458 | +29.2% |
| Fixed assets | 21/28 | €937 | €1,360 | +€422 | +45.1% |
| Tangible fixed assets | 22/27 | €937 | €1,360 | +€422 | +45.1% |
| Plant, machinery and equipment | 23 | €937 | €566 | -€372 | -39.7% |
| Furniture and vehicles | 24 | - | €794 | +€794 | |
| Current assets | 29/58 | €130,985 | €169,021 | +€38,036 | +29.0% |
| Amounts receivable within one year | 40/41 | €25,007 | €28,904 | +€3,897 | +15.6% |
| Trade receivables | 40 | €20,157 | €19,000 | -€1,157 | -5.7% |
| Other amounts receivable | 41 | €4,850 | €9,904 | +€5,055 | +104% |
| Cash at bank and in hand | 54/58 | €105,978 | €139,770 | +€33,791 | +31.9% |
| Deferred charges and accrued income | 490/1 | - | €347 | +€347 | |
| Total equity and liabilities | 10/49 | €131,923 | €170,381 | +€38,458 | +29.2% |
| Equity | 10/15 | €84,509 | €115,304 | +€30,794 | +36.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,509 | €113,304 | +€30,794 | +37.3% |
| Amounts payable | 17/49 | €47,413 | €55,077 | +€7,664 | +16.2% |
| Amounts payable within one year | 42/48 | €47,413 | €55,077 | +€7,664 | +16.2% |
| Trade debts | 44 | €3,622 | €3,066 | -€556 | -15.3% |
| Suppliers | 440/4 | €3,622 | €3,066 | -€556 | -15.3% |
| Advances received on contracts in progress | 46 | - | €22,990 | +€22,990 | |
| Taxes, remuneration and social security | 45 | €43,791 | €29,021 | -€14,770 | -33.7% |
| Taxes | 450/3 | €43,791 | €29,021 | -€14,770 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €427 | +€249 | +140% |
| Other operating charges | 640/8 | €156 | €757 | +€601 | +385% |
| Gross operating margin | 9900 | €74,637 | €68,968 | -€5,669 | -7.6% |
| Operating profit (loss) | 9901 | €74,303 | €67,784 | -€6,519 | -8.8% |
| Financial income | 75/76B | €0 | €1 | +€0 | +1,600% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +1,600% |
| Financial charges | 65/66B | €2,952 | €3,711 | +€759 | +25.7% |
| Recurring financial charges | 65 | €2,952 | €3,711 | +€759 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €71,351 | €64,074 | -€7,277 | -10.2% |
| Income taxes | 67/77 | €19,197 | €17,655 | -€1,542 | -8.0% |
| Profit (loss) for the period | 9904 | €52,155 | €46,419 | -€5,735 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,155 | €46,419 | -€5,735 | -11.0% |
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 19 October 2026 via checked.be.