KURT TEIRLYNCK: what changed
What changed
KURT TEIRLYNCK
NACE 93.299, Other amusement and recreation activities
filed annual accounts (NBB)
Net result for the year
€17,546
2024 · €36,313-€18,766
Equity
€238,500
2024 · €220,953+€17,546
Cash
€83,403
2024 · €57,218+€26,185
Balance sheet total
€888,006
2024 · €882,982+€5,025
Largest movements
Assets
- Cash +€26,185
up €26,185 (+45.8%), from €57,218 to €83,403
mainly Depreciation (+€18,003) and Net result for the year (+€17,546)
- Tangible fixed assets -€18,003
down €18,003 (-4.2%), from €427,565 to €409,562
Equity and liabilities
- Debts after one year -€34,337
down €34,337 (-14.4%), from €238,477 to €204,140
- Profit (loss) carried forward +€21,669
up €21,669 (+42.3%), from €51,177 to €72,847
- Trade debts +€14,135
up €14,135 (+114%), from €12,394 to €26,529
Income statement
- Gross operating margin -€25,263
down €25,263 (-21.7%), from €116,480 to €91,217
- Staff costs +€5,591
up €5,591 (+14.7%), from €38,028 to €43,618
- Taxes -€1,574
down €1,574 (-20.2%), from €7,806 to €6,232
- Financial charges -€1,181
down €1,181 (-22.7%), from €5,190 to €4,010
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.
Result 2024
€36,313
Gross operating margin
-€25,263
Staff costs
-€5,591
Depreciation
-€673
Other operating charges
+€5
Other operating items
+€10,000
Financial income
+€1
Financial charges
+€1,181
Taxes
+€1,574
Result 2025
€17,546
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€60,052
Investment
€0
Financing
-€33,867
Cash 2024
€57,218
From operations (derived)
+€60,052
Net result for the year
+€17,546
Depreciation
+€18,003
Receivables within one year
-€3,179
Deferred charges and accrued income
+€6,336
Provisions
-€1,374
Trade debts
+€14,135
Tax, wage and social debts
+€5,797
Other debts
+€1,753
Accrued charges and deferred income
+€1,035
Financing
-€33,867
Debts after one year
-€34,337
Current portion of long-term debt
+€470
Cash 2025
€83,403
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €882,982 | €888,006 | +€5,025 | +0.6% |
| Fixed assets | 21/28 | €532,532 | €514,529 | -€18,003 | -3.4% |
| Tangible fixed assets | 22/27 | €427,565 | €409,562 | -€18,003 | -4.2% |
| Land and buildings | 22 | €381,092 | €373,229 | -€7,863 | -2.1% |
| Plant, machinery and equipment | 23 | €44,292 | €36,052 | -€8,240 | -18.6% |
| Furniture and vehicles | 24 | €2,181 | €281 | -€1,900 | -87.1% |
| Financial fixed assets | 28 | €104,967 | €104,967 | = | 0.0% |
| Current assets | 29/58 | €350,450 | €373,478 | +€23,028 | +6.6% |
| Amounts receivable within one year | 40/41 | €182,146 | €185,325 | +€3,179 | +1.7% |
| Trade receivables | 40 | €176,502 | €180,735 | +€4,233 | +2.4% |
| Other amounts receivable | 41 | €5,644 | €4,590 | -€1,055 | -18.7% |
| Cash at bank and in hand | 54/58 | €57,218 | €83,403 | +€26,185 | +45.8% |
| Deferred charges and accrued income | 490/1 | €111,086 | €104,750 | -€6,336 | -5.7% |
| Total equity and liabilities | 10/49 | €882,982 | €888,006 | +€5,025 | +0.6% |
| Equity | 10/15 | €220,953 | €238,500 | +€17,546 | +7.9% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €149,944 | €145,821 | -€4,123 | -2.7% |
| Tax-exempt reserves | 132 | €119,646 | €115,523 | -€4,123 | -3.4% |
| Distributable reserves | 133 | €30,298 | €30,298 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,177 | €72,847 | +€21,669 | +42.3% |
| Provisions and deferred taxes | 16 | €39,882 | €38,508 | -€1,374 | -3.4% |
| Deferred taxes | 168 | €39,882 | €38,508 | -€1,374 | -3.4% |
| Amounts payable | 17/49 | €622,147 | €610,999 | -€11,147 | -1.8% |
| Amounts payable after more than one year | 17 | €238,477 | €204,140 | -€34,337 | -14.4% |
| Financial debts | 170/4 | €238,477 | €204,140 | -€34,337 | -14.4% |
| Amounts payable within one year | 42/48 | €383,544 | €405,698 | +€22,154 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €33,867 | €34,337 | +€470 | +1.4% |
| Trade debts | 44 | €12,394 | €26,529 | +€14,135 | +114% |
| Suppliers | 440/4 | €12,394 | €26,529 | +€14,135 | +114% |
| Taxes, remuneration and social security | 45 | €23,235 | €29,032 | +€5,797 | +25.0% |
| Taxes | 450/3 | €11,516 | €18,140 | +€6,624 | +57.5% |
| Remuneration and social security | 454/9 | €11,719 | €10,892 | -€827 | -7.1% |
| Other amounts payable | 47/48 | €314,048 | €315,801 | +€1,753 | +0.6% |
| Accrued charges and deferred income | 492/3 | €126 | €1,161 | +€1,035 | +821% |
| Non-recurring operating income | 76A | €19,500 | - | -€19,500 | |
| Remuneration, social security and pensions | 62 | €38,028 | €43,618 | +€5,591 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,330 | €18,003 | +€673 | +3.9% |
| Other operating charges | 640/8 | €3,188 | €3,183 | -€5 | -0.2% |
| Non-recurring operating charges | 66A | €10,000 | - | -€10,000 | |
| Gross operating margin | 9900 | €116,480 | €91,217 | -€25,263 | -21.7% |
| Operating profit (loss) | 9901 | €47,935 | €26,413 | -€21,522 | -44.9% |
| Financial income | 75/76B | €0 | €1 | +€1 | +412% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +412% |
| Financial charges | 65/66B | €5,190 | €4,010 | -€1,181 | -22.7% |
| Recurring financial charges | 65 | €5,190 | €4,010 | -€1,181 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €42,744 | €22,404 | -€20,340 | -47.6% |
| Transfer from deferred taxes | 780 | €1,374 | €1,374 | = | 0.0% |
| Income taxes | 67/77 | €7,806 | €6,232 | -€1,574 | -20.2% |
| Profit (loss) for the period | 9904 | €36,313 | €17,546 | -€18,766 | -51.7% |
| Transfer from tax-exempt reserves | 789 | €4,123 | €4,123 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,436 | €21,669 | -€18,766 | -46.4% |
Next steps
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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 2 November 2026 via checked.be.