KURSON TRANS: 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.
KURSON TRANS
Largest movements
- Tangible fixed assets -€42,400
down €42,400 (-10.8%), from €393,023 to €350,623
of which Leasing and similar rights: -€50,141
- Cash +€34,179
up €34,179 (+196%), from €17,417 to €51,596
mainly Depreciation (+€99,206) and Trade debts (+€15,799)
- Deferred charges and accrued income -€7,449
down €7,449 (-61.9%), from €12,041 to €4,593
- Debts after one year -€31,602
down €31,602 (-12.0%), from €263,694 to €232,093
- Trade debts +€15,799
up €15,799 (+17.7%), from €89,216 to €105,014
- Current portion of long-term debt +€8,981
up €8,981 (+8.5%), from €105,152 to €114,134
- Tax, wage and social debts -€7,418
down €7,418 (-13.2%), from €56,040 to €48,623
of which Remuneration and social security: -€10,090
- Gross operating margin +€153,814
up €153,814 (+33.5%), from €459,697 to €613,511
- Staff costs +€86,633
up €86,633 (+26.4%), from €327,997 to €414,630
- Financial charges -€41,437
down €41,437 (-68.6%), from €60,388 to €18,952
- Depreciation +€21,322
up €21,322 (+27.4%), from €77,885 to €99,206
- Other operating charges +€9,672
up €9,672 (+16.1%), from €60,030 to €69,702
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 | €565,021 | €548,977 | -€16,044 | -2.8% |
| Fixed assets | 21/28 | €393,408 | €351,008 | -€42,400 | -10.8% |
| Tangible fixed assets | 22/27 | €393,023 | €350,623 | -€42,400 | -10.8% |
| Land and buildings | 22 | €1,679 | €1,101 | -€578 | -34.4% |
| Plant, machinery and equipment | 23 | €4,703 | €3,725 | -€978 | -20.8% |
| Furniture and vehicles | 24 | €221,251 | €230,548 | +€9,297 | +4.2% |
| Leasing and similar rights | 25 | €165,389 | €115,248 | -€50,141 | -30.3% |
| Financial fixed assets | 28 | €385 | €385 | = | 0.0% |
| Current assets | 29/58 | €171,613 | €197,969 | +€26,356 | +15.4% |
| Amounts receivable within one year | 40/41 | €142,155 | €141,780 | -€375 | -0.3% |
| Trade receivables | 40 | €138,890 | €141,034 | +€2,144 | +1.5% |
| Other amounts receivable | 41 | €3,265 | €746 | -€2,519 | -77.1% |
| Cash at bank and in hand | 54/58 | €17,417 | €51,596 | +€34,179 | +196% |
| Deferred charges and accrued income | 490/1 | €12,041 | €4,593 | -€7,449 | -61.9% |
| Total equity and liabilities | 10/49 | €565,021 | €548,977 | -€16,044 | -2.8% |
| Equity | 10/15 | €39,244 | €36,029 | -€3,215 | -8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €114,460 | €114,460 | = | 0.0% |
| Distributable reserves | 133 | €114,460 | €114,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,416 | -€84,631 | -€3,215 | -3.9% |
| Amounts payable | 17/49 | €525,776 | €512,948 | -€12,828 | -2.4% |
| Amounts payable after more than one year | 17 | €263,694 | €232,093 | -€31,602 | -12.0% |
| Financial debts | 170/4 | €263,694 | €232,093 | -€31,602 | -12.0% |
| Amounts payable within one year | 42/48 | €262,082 | €280,856 | +€18,773 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €105,152 | €114,134 | +€8,981 | +8.5% |
| Trade debts | 44 | €89,216 | €105,014 | +€15,799 | +17.7% |
| Suppliers | 440/4 | €89,216 | €105,014 | +€15,799 | +17.7% |
| Advances received on contracts in progress | 46 | - | €4,146 | +€4,146 | |
| Taxes, remuneration and social security | 45 | €56,040 | €48,623 | -€7,418 | -13.2% |
| Taxes | 450/3 | €23,232 | €25,905 | +€2,673 | +11.5% |
| Remuneration and social security | 454/9 | €32,808 | €22,718 | -€10,090 | -30.8% |
| Other amounts payable | 47/48 | €11,674 | €8,939 | -€2,735 | -23.4% |
| Non-recurring operating income | 76A | €14,999 | - | -€14,999 | |
| Remuneration, social security and pensions | 62 | €327,997 | €414,630 | +€86,633 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,885 | €99,206 | +€21,322 | +27.4% |
| Other operating charges | 640/8 | €60,030 | €69,702 | +€9,672 | +16.1% |
| Non-recurring operating charges | 66A | €18,326 | €13,984 | -€4,343 | -23.7% |
| Gross operating margin | 9900 | €459,697 | €613,511 | +€153,814 | +33.5% |
| Operating profit (loss) | 9901 | -€24,540 | €15,990 | +€40,530 | |
| Financial income | 75/76B | €209 | €21 | -€188 | -90.2% |
| Recurring financial income | 75 | €209 | €21 | -€188 | -90.2% |
| Financial charges | 65/66B | €60,388 | €18,952 | -€41,437 | -68.6% |
| Recurring financial charges | 65 | €60,388 | €18,952 | -€41,437 | -68.6% |
| Profit (loss) for the period before taxes | 9903 | -€84,720 | -€2,941 | +€81,779 | +96.5% |
| Income taxes | 67/77 | €246 | €274 | +€28 | +11.2% |
| Profit (loss) for the period | 9904 | -€84,967 | -€3,215 | +€81,751 | +96.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,967 | -€3,215 | +€81,751 | +96.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.