Kuroa: 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.
Kuroa
Largest movements
- Receivables within one year +€75,020
up €75,020 (+102.5%), from €73,205 to €148,225
- Cash -€35,676
down €35,676 (-22.2%), from €160,709 to €125,033
mainly Receivables within one year (-€75,020) and Trade debts (-€1,657)
- Reserves +€28,237
up €28,237 (+17.3%), from €163,090 to €191,327
- Tax, wage and social debts +€11,133
up €11,133 (+19.1%), from €58,166 to €69,298
of which Taxes: +€13,029
- Other debts +€3,148
new in 2025: €3,148
- Gross operating margin -€219,646
down €219,646 (-75.1%), from €292,531 to €72,885
- Taxes -€61,117
down €61,117 (-84.2%), from €72,603 to €11,486
- Staff costs -€20,464
down €20,464 (-40.0%), from €51,194 to €30,730
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 | €233,914 | €274,775 | +€40,861 | +17.5% |
| Current assets | 29/58 | €233,914 | €274,775 | +€40,861 | +17.5% |
| Amounts receivable within one year | 40/41 | €73,205 | €148,225 | +€75,020 | +102.5% |
| Trade receivables | 40 | €73,205 | €148,225 | +€75,020 | +102.5% |
| Current investments | 50/53 | - | €1,000 | +€1,000 | |
| Cash at bank and in hand | 54/58 | €160,709 | €125,033 | -€35,676 | -22.2% |
| Deferred charges and accrued income | 490/1 | - | €517 | +€517 | |
| Total equity and liabilities | 10/49 | €233,914 | €274,775 | +€40,861 | +17.5% |
| Equity | 10/15 | €168,091 | €196,328 | +€28,237 | +16.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €163,090 | €191,327 | +€28,237 | +17.3% |
| Distributable reserves | 133 | €163,090 | €191,327 | +€28,237 | +17.3% |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €65,823 | €78,447 | +€12,624 | +19.2% |
| Amounts payable within one year | 42/48 | €65,823 | €78,447 | +€12,624 | +19.2% |
| Trade debts | 44 | €7,657 | €6,001 | -€1,657 | -21.6% |
| Suppliers | 440/4 | €7,657 | €6,001 | -€1,657 | -21.6% |
| Taxes, remuneration and social security | 45 | €58,166 | €69,298 | +€11,133 | +19.1% |
| Taxes | 450/3 | €52,791 | €65,820 | +€13,029 | +24.7% |
| Remuneration and social security | 454/9 | €5,375 | €3,478 | -€1,897 | -35.3% |
| Other amounts payable | 47/48 | - | €3,148 | +€3,148 | |
| Remuneration, social security and pensions | 62 | €51,194 | €30,730 | -€20,464 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,051 | €0 | -€1,051 | -100.0% |
| Other operating charges | 640/8 | €1,434 | €681 | -€753 | -52.5% |
| Gross operating margin | 9900 | €292,531 | €72,885 | -€219,646 | -75.1% |
| Operating profit (loss) | 9901 | €238,853 | €41,473 | -€197,379 | -82.6% |
| Financial charges | 65/66B | €3,158 | €1,750 | -€1,408 | -44.6% |
| Recurring financial charges | 65 | €3,158 | €1,750 | -€1,408 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €235,694 | €39,723 | -€195,971 | -83.1% |
| Income taxes | 67/77 | €72,603 | €11,486 | -€61,117 | -84.2% |
| Profit (loss) for the period | 9904 | €163,091 | €28,237 | -€134,855 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €163,091 | €28,237 | -€134,855 | -82.7% |
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 9 October 2026 via checked.be.