KURT DE GROOTE: what changed
KURT DE GROOTE
Largest movements
- Cash -€12,958
down €12,958 (-56.7%), from €22,836 to €9,878
mainly Net result for the year (-€19,530) and Debts after one year (-€8,469)
- Tangible fixed assets -€7,969
down €7,969 (-20.1%), from €39,629 to €31,660
of which Land and buildings: -€6,986
- Receivables within one year +€1,947
up €1,947 (+32.9%), from €5,921 to €7,868
of which Trade receivables: +€985
- Profit (loss) carried forward -€19,530
new in 2025: -€19,530
- Other debts +€8,501
new in 2025: €8,501
- Debts after one year -€8,469
down €8,469 (-62.6%), from €13,524 to €5,054
- Trade debts +€5,221
up €5,221 (+51.4%), from €10,151 to €15,372
- Tax, wage and social debts -€4,262
down €4,262 (-56.3%), from €7,570 to €3,308
of which Taxes: -€3,514
- Gross operating margin -€25,329
down €25,329, from €16,817 to -€8,512
- Staff costs -€1,658
no longer reported in 2025 (was €1,658)
- Taxes -€1,575
down €1,575 (-91.6%), from €1,719 to €144
- Financial charges -€514
down €514 (-20.3%), from €2,525 to €2,011
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,888 | €50,591 | -€18,297 | -26.6% |
| Fixed assets | 21/28 | €39,791 | €31,822 | -€7,969 | -20.0% |
| Tangible fixed assets | 22/27 | €39,629 | €31,660 | -€7,969 | -20.1% |
| Land and buildings | 22 | €36,871 | €29,885 | -€6,986 | -18.9% |
| Plant, machinery and equipment | 23 | €2,758 | €1,775 | -€983 | -35.6% |
| Financial fixed assets | 28 | €162 | €162 | = | 0.0% |
| Current assets | 29/58 | €29,098 | €18,769 | -€10,328 | -35.5% |
| Amounts receivable within one year | 40/41 | €5,921 | €7,868 | +€1,947 | +32.9% |
| Trade receivables | 40 | €5,921 | €6,907 | +€985 | +16.6% |
| Other amounts receivable | 41 | - | €961 | +€961 | |
| Cash at bank and in hand | 54/58 | €22,836 | €9,878 | -€12,958 | -56.7% |
| Deferred charges and accrued income | 490/1 | €340 | €1,023 | +€683 | +201% |
| Total equity and liabilities | 10/49 | €68,888 | €50,591 | -€18,297 | -26.6% |
| Equity | 10/15 | €29,417 | €9,886 | -€19,530 | -66.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,017 | €17,017 | = | 0.0% |
| Distributable reserves | 133 | €17,017 | €17,017 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,530 | -€19,530 | |
| Amounts payable | 17/49 | €39,472 | €40,705 | +€1,233 | +3.1% |
| Amounts payable after more than one year | 17 | €13,524 | €5,054 | -€8,469 | -62.6% |
| Financial debts | 170/4 | €13,524 | €5,054 | -€8,469 | -62.6% |
| Amounts payable within one year | 42/48 | €25,948 | €35,651 | +€9,703 | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €8,227 | €8,469 | +€243 | +3.0% |
| Trade debts | 44 | €10,151 | €15,372 | +€5,221 | +51.4% |
| Suppliers | 440/4 | €10,151 | €15,372 | +€5,221 | +51.4% |
| Taxes, remuneration and social security | 45 | €7,570 | €3,308 | -€4,262 | -56.3% |
| Taxes | 450/3 | €6,822 | €3,308 | -€3,514 | -51.5% |
| Remuneration and social security | 454/9 | €748 | - | -€748 | |
| Other amounts payable | 47/48 | - | €8,501 | +€8,501 | |
| Remuneration, social security and pensions | 62 | €1,658 | - | -€1,658 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,886 | €7,969 | +€83 | +1.1% |
| Other operating charges | 640/8 | €838 | €894 | +€56 | +6.7% |
| Gross operating margin | 9900 | €16,817 | -€8,512 | -€25,329 | |
| Operating profit (loss) | 9901 | €6,435 | -€17,374 | -€23,809 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -89.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -89.2% |
| Financial charges | 65/66B | €2,525 | €2,011 | -€514 | -20.3% |
| Recurring financial charges | 65 | €2,525 | €2,011 | -€514 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €3,911 | -€19,386 | -€23,297 | |
| Income taxes | 67/77 | €1,719 | €144 | -€1,575 | -91.6% |
| Profit (loss) for the period | 9904 | €2,192 | -€19,530 | -€21,722 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,192 | -€19,530 | -€21,722 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.