KURORY: 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.
KURORY
Largest movements
- Cash +€58,122
up €58,122 (+33.7%), from €172,270 to €230,392
mainly Net result for the year (+€165,164) and Other debts (+€45,970)
- Tangible fixed assets -€10,426
down €10,426 (-16.3%), from €64,017 to €53,591
of which Other tangible fixed assets: -€6,881
- Receivables within one year -€9,168
down €9,168 (-96.0%), from €9,548 to €380
of which Other amounts receivable: -€6,632
- Stocks and contracts +€5,942
up €5,942 (+37.4%), from €15,898 to €21,840
- Other debts +€45,970
up €45,970 (+63.8%), from €72,007 to €117,977
- Trade debts +€14,742
up €14,742 (+21.9%), from €67,231 to €81,973
- Current portion of long-term debt -€10,676
down €10,676 (-37.3%), from €28,616 to €17,940
- Debts after one year -€5,440
down €5,440 (-25.0%), from €21,760 to €16,320
- Gross operating margin -€29,943
down €29,943 (-4.1%), from €737,112 to €707,169
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 | €263,912 | €306,808 | +€42,896 | +16.3% |
| Fixed assets | 21/28 | €64,017 | €53,591 | -€10,426 | -16.3% |
| Tangible fixed assets | 22/27 | €64,017 | €53,591 | -€10,426 | -16.3% |
| Furniture and vehicles | 24 | €36,167 | €32,622 | -€3,545 | -9.8% |
| Other tangible fixed assets | 26 | €27,850 | €20,969 | -€6,881 | -24.7% |
| Current assets | 29/58 | €199,895 | €253,217 | +€53,322 | +26.7% |
| Stocks and contracts in progress | 3 | €15,898 | €21,840 | +€5,942 | +37.4% |
| Stocks | 30/36 | €15,898 | €21,840 | +€5,942 | +37.4% |
| Amounts receivable within one year | 40/41 | €9,548 | €380 | -€9,168 | -96.0% |
| Trade receivables | 40 | €2,536 | - | -€2,536 | |
| Other amounts receivable | 41 | €7,012 | €380 | -€6,632 | -94.6% |
| Cash at bank and in hand | 54/58 | €172,270 | €230,392 | +€58,122 | +33.7% |
| Deferred charges and accrued income | 490/1 | €2,179 | €605 | -€1,574 | -72.2% |
| Total equity and liabilities | 10/49 | €263,912 | €306,808 | +€42,896 | +16.3% |
| Equity | 10/15 | €41,415 | €41,579 | +€164 | +0.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,415 | €8,579 | +€164 | +1.9% |
| Amounts payable | 17/49 | €222,497 | €265,229 | +€42,732 | +19.2% |
| Amounts payable after more than one year | 17 | €21,760 | €16,320 | -€5,440 | -25.0% |
| Financial debts | 170/4 | €21,760 | €16,320 | -€5,440 | -25.0% |
| Amounts payable within one year | 42/48 | €200,326 | €248,909 | +€48,583 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €28,616 | €17,940 | -€10,676 | -37.3% |
| Trade debts | 44 | €67,231 | €81,973 | +€14,742 | +21.9% |
| Suppliers | 440/4 | €67,231 | €81,973 | +€14,742 | +21.9% |
| Taxes, remuneration and social security | 45 | €32,472 | €31,019 | -€1,453 | -4.5% |
| Taxes | 450/3 | €13,046 | €15,207 | +€2,161 | +16.6% |
| Remuneration and social security | 454/9 | €19,426 | €15,812 | -€3,614 | -18.6% |
| Other amounts payable | 47/48 | €72,007 | €117,977 | +€45,970 | +63.8% |
| Accrued charges and deferred income | 492/3 | €411 | - | -€411 | |
| Remuneration, social security and pensions | 62 | €449,435 | €453,748 | +€4,313 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,697 | €19,464 | -€1,233 | -6.0% |
| Other operating charges | 640/8 | €5,168 | €6,346 | +€1,178 | +22.8% |
| Gross operating margin | 9900 | €737,112 | €707,169 | -€29,943 | -4.1% |
| Operating profit (loss) | 9901 | €261,812 | €227,611 | -€34,201 | -13.1% |
| Financial income | 75/76B | €1,263 | €860 | -€403 | -31.9% |
| Recurring financial income | 75 | €1,263 | €860 | -€403 | -31.9% |
| Financial charges | 65/66B | €5,581 | €4,859 | -€722 | -12.9% |
| Recurring financial charges | 65 | €5,581 | €4,859 | -€722 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €257,494 | €223,612 | -€33,882 | -13.2% |
| Income taxes | 67/77 | €64,802 | €58,448 | -€6,354 | -9.8% |
| Profit (loss) for the period | 9904 | €192,692 | €165,164 | -€27,528 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | €192,692 | €165,164 | -€27,528 | -14.3% |
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 17 October 2026 via checked.be.