KURTI: 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.
KURTI
Largest movements
- Cash +€42,699
up €42,699 (+75.6%), from €56,477 to €99,177
mainly Net result for the year (+€34,377) and Tax, wage and social debts (+€16,276)
- Receivables within one year +€9,944
up €9,944 (+491.9%), from €2,022 to €11,966
of which Trade receivables: +€10,077
- Tangible fixed assets -€9,306
down €9,306 (-83.4%), from €11,158 to €1,853
of which Furniture and vehicles: -€7,668
- Reserves +€33,500
up €33,500 (+75.3%), from €44,500 to €78,000
- Tax, wage and social debts +€16,276
up €16,276 (+251.5%), from €6,471 to €22,747
of which Taxes: +€12,876
- Trade debts -€5,350
down €5,350 (-60.8%), from €8,803 to €3,453
- Other debts -€1,965
down €1,965 (-75.0%), from €2,620 to €654
- Gross operating margin +€25,731
up €25,731 (+90.3%), from €28,482 to €54,213
- Taxes +€6,385
up €6,385 (+98.7%), from €6,471 to €12,856
- Staff costs +€4,329
new in 2025: €4,329
- Depreciation -€2,332
down €2,332 (-58.7%), from €3,969 to €1,638
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 | €69,658 | €112,995 | +€43,338 | +62.2% |
| Fixed assets | 21/28 | €11,158 | €1,853 | -€9,306 | -83.4% |
| Tangible fixed assets | 22/27 | €11,158 | €1,853 | -€9,306 | -83.4% |
| Plant, machinery and equipment | 23 | €3,490 | €1,853 | -€1,638 | -46.9% |
| Furniture and vehicles | 24 | €7,668 | €0 | -€7,668 | -100.0% |
| Current assets | 29/58 | €58,499 | €111,143 | +€52,644 | +90.0% |
| Amounts receivable within one year | 40/41 | €2,022 | €11,966 | +€9,944 | +491.9% |
| Trade receivables | 40 | €1,553 | €11,630 | +€10,077 | +648.7% |
| Other amounts receivable | 41 | €468 | €336 | -€132 | -28.3% |
| Cash at bank and in hand | 54/58 | €56,477 | €99,177 | +€42,699 | +75.6% |
| Total equity and liabilities | 10/49 | €69,658 | €112,995 | +€43,338 | +62.2% |
| Equity | 10/15 | €51,764 | €86,141 | +€34,377 | +66.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,500 | €78,000 | +€33,500 | +75.3% |
| Distributable reserves | 133 | €44,500 | €78,000 | +€33,500 | +75.3% |
| Profit (loss) carried forward | 14 | €2,264 | €3,141 | +€877 | +38.7% |
| Amounts payable | 17/49 | €17,893 | €26,854 | +€8,961 | +50.1% |
| Amounts payable within one year | 42/48 | €17,893 | €26,854 | +€8,961 | +50.1% |
| Trade debts | 44 | €8,803 | €3,453 | -€5,350 | -60.8% |
| Suppliers | 440/4 | €8,803 | €3,453 | -€5,350 | -60.8% |
| Taxes, remuneration and social security | 45 | €6,471 | €22,747 | +€16,276 | +251.5% |
| Taxes | 450/3 | €6,471 | €19,347 | +€12,876 | +199.0% |
| Remuneration and social security | 454/9 | - | €3,400 | +€3,400 | |
| Other amounts payable | 47/48 | €2,620 | €654 | -€1,965 | -75.0% |
| Remuneration, social security and pensions | 62 | - | €4,329 | +€4,329 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,969 | €1,638 | -€2,332 | -58.7% |
| Other operating charges | 640/8 | €722 | €1,205 | +€483 | +66.9% |
| Gross operating margin | 9900 | €28,482 | €54,213 | +€25,731 | +90.3% |
| Operating profit (loss) | 9901 | €23,791 | €47,042 | +€23,251 | +97.7% |
| Financial income | 75/76B | €2 | €199 | +€197 | +11380.3% |
| Recurring financial income | 75 | €2 | €199 | +€197 | +11380.3% |
| Financial charges | 65/66B | €99 | €8 | -€92 | -92.0% |
| Recurring financial charges | 65 | €99 | €8 | -€92 | -92.0% |
| Profit (loss) for the period before taxes | 9903 | €23,693 | €47,232 | +€23,539 | +99.3% |
| Income taxes | 67/77 | €6,471 | €12,856 | +€6,385 | +98.7% |
| Profit (loss) for the period | 9904 | €17,222 | €34,377 | +€17,154 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,222 | €34,377 | +€17,154 | +99.6% |
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 9 October 2026 via checked.be.