KURTCONSTRUCT: what changed
Two fiscal 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.
KURTCONSTRUCT
Largest movements
- Receivables within one year -€159,474
down €159,474 (-94.9%), from €167,997 to €8,523
- Cash -€10,000
down €10,000 (-82.2%), from €12,163 to €2,163
mainly Net result for the year (-€134,940) and Other debts (-€20,000)
- Profit (loss) carried forward -€124,453
down €124,453, from €120,879 to -€3,574
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€14,575
no longer reported in 2025 (was €14,575)
of which Taxes: -€14,394
- Provisions -€10,000
no longer reported in 2025 (was €10,000)
- Gross operating margin -€170,498
down €170,498, from €25,558 to -€144,940
- Financial income -€10,800
no longer reported in 2025 (was €10,800)
- Financial charges -€10,109
down €10,109, from €109 to -€10,000
- Staff costs -€8,003
no longer reported in 2025 (was €8,003)
- Taxes -€2,086
no longer reported in 2025 (was €2,086)
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 | €180,161 | €10,686 | -€169,474 | -94.1% |
| Current assets | 29/58 | €180,161 | €10,686 | -€169,474 | -94.1% |
| Amounts receivable within one year | 40/41 | €167,997 | €8,523 | -€159,474 | -94.9% |
| Other amounts receivable | 41 | €167,997 | €8,523 | -€159,474 | -94.9% |
| Cash at bank and in hand | 54/58 | €12,163 | €2,163 | -€10,000 | -82.2% |
| Total equity and liabilities | 10/49 | €180,161 | €10,686 | -€169,474 | -94.1% |
| Equity | 10/15 | €135,139 | €10,686 | -€124,453 | -92.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,879 | -€3,574 | -€124,453 | |
| Provisions and deferred taxes | 16 | €10,000 | - | -€10,000 | |
| Provisions for liabilities and charges | 160/5 | €10,000 | - | -€10,000 | |
| Environmental obligations | 163 | €10,000 | - | -€10,000 | |
| Amounts payable | 17/49 | €35,022 | - | -€35,022 | |
| Amounts payable within one year | 42/48 | €35,022 | - | -€35,022 | |
| Trade debts | 44 | €446 | - | -€446 | |
| Suppliers | 440/4 | €446 | - | -€446 | |
| Taxes, remuneration and social security | 45 | €14,575 | - | -€14,575 | |
| Taxes | 450/3 | €14,394 | - | -€14,394 | |
| Remuneration and social security | 454/9 | €181 | - | -€181 | |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €8,003 | - | -€8,003 | |
| Gross operating margin | 9900 | €25,558 | -€144,940 | -€170,498 | |
| Operating profit (loss) | 9901 | €17,555 | -€144,940 | -€162,495 | |
| Financial income | 75/76B | €10,800 | - | -€10,800 | |
| Recurring financial income | 75 | €10,800 | - | -€10,800 | |
| Financial charges | 65/66B | €109 | -€10,000 | -€10,109 | |
| Recurring financial charges | 65 | €109 | -€10,000 | -€10,109 | |
| Profit (loss) for the period before taxes | 9903 | €28,246 | -€134,940 | -€163,186 | |
| Income taxes | 67/77 | €2,086 | - | -€2,086 | |
| Profit (loss) for the period | 9904 | €26,160 | -€134,940 | -€161,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,160 | -€134,940 | -€161,100 |
Source: filed annual accounts (NBB), fiscal 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.