Kurtimmo: 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.
Kurtimmo
Largest movements
- Tangible fixed assets -€8,811
down €8,811 (-40.6%), from €21,687 to €12,875
of which Furniture and vehicles: -€7,379
- Cash +€8,558
up €8,558 (+298,180%), from €3 to €8,561
mainly Depreciation (+€9,169) and Net result for the year (+€8,600)
- Receivables within one year +€3,181
up €3,181 (+11.1%), from €28,564 to €31,745
of which Other amounts receivable: +€3,542
- Other debts -€7,350
down €7,350 (-100%), from €7,350 to €0
- Reserves +€7,082
up €7,082 (+70.0%), from €10,123 to €17,205
- Tax, wage and social debts +€1,875
up €1,875 (+6.9%), from €27,230 to €29,104
of which Remuneration and social security: +€6,788
- Profit (loss) carried forward +€1,518
up €1,518, from -€1,518 to €0
- Gross operating margin +€13,082
up €13,082 (+17.7%), from €74,095 to €87,177
- Taxes +€2,952
up €2,952 (+86.5%), from €3,414 to €6,366
- Other operating charges -€2,523
down €2,523 (-63.4%), from €3,981 to €1,458
- Staff costs +€1,747
up €1,747 (+2.9%), from €59,268 to €61,015
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 | €55,821 | €59,170 | +€3,349 | +6.0% |
| Fixed assets | 21/28 | €21,687 | €12,875 | -€8,811 | -40.6% |
| Tangible fixed assets | 22/27 | €21,687 | €12,875 | -€8,811 | -40.6% |
| Plant, machinery and equipment | 23 | €1,033 | €360 | -€673 | -65.1% |
| Furniture and vehicles | 24 | €15,884 | €8,505 | -€7,379 | -46.5% |
| Other tangible fixed assets | 26 | €4,770 | €4,010 | -€760 | -15.9% |
| Current assets | 29/58 | €34,134 | €46,294 | +€12,161 | +35.6% |
| Amounts receivable within one year | 40/41 | €28,564 | €31,745 | +€3,181 | +11.1% |
| Trade receivables | 40 | €21,657 | €21,297 | -€361 | -1.7% |
| Other amounts receivable | 41 | €6,907 | €10,448 | +€3,542 | +51.3% |
| Cash at bank and in hand | 54/58 | €3 | €8,561 | +€8,558 | +298,180% |
| Deferred charges and accrued income | 490/1 | €5,567 | €5,989 | +€422 | +7.6% |
| Total equity and liabilities | 10/49 | €55,821 | €59,170 | +€3,349 | +6.0% |
| Equity | 10/15 | €13,605 | €22,205 | +€8,600 | +63.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,123 | €17,205 | +€7,082 | +70.0% |
| Distributable reserves | 133 | €10,123 | €17,205 | +€7,082 | +70.0% |
| Profit (loss) carried forward | 14 | -€1,518 | €0 | +€1,518 | |
| Amounts payable | 17/49 | €42,216 | €36,965 | -€5,250 | -12.4% |
| Amounts payable within one year | 42/48 | €42,216 | €36,965 | -€5,250 | -12.4% |
| Financial debts | 43 | - | €15 | +€15 | |
| Credit institutions | 430/8 | - | €15 | +€15 | |
| Trade debts | 44 | €7,635 | €7,846 | +€210 | +2.8% |
| Suppliers | 440/4 | €7,635 | €7,846 | +€210 | +2.8% |
| Taxes, remuneration and social security | 45 | €27,230 | €29,104 | +€1,875 | +6.9% |
| Taxes | 450/3 | €20,366 | €15,452 | -€4,914 | -24.1% |
| Remuneration and social security | 454/9 | €6,864 | €13,652 | +€6,788 | +98.9% |
| Other amounts payable | 47/48 | €7,350 | €0 | -€7,350 | -100% |
| Remuneration, social security and pensions | 62 | €59,268 | €61,015 | +€1,747 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,413 | €9,169 | +€757 | +9.0% |
| Other operating charges | 640/8 | €3,981 | €1,458 | -€2,523 | -63.4% |
| Gross operating margin | 9900 | €74,095 | €87,177 | +€13,082 | +17.7% |
| Operating profit (loss) | 9901 | €2,433 | €15,535 | +€13,101 | +538% |
| Financial income | 75/76B | €0 | €9 | +€9 | +6,107% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +6,107% |
| Financial charges | 65/66B | €538 | €578 | +€40 | +7.5% |
| Recurring financial charges | 65 | €538 | €578 | +€40 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €1,896 | €14,966 | +€13,070 | +689% |
| Income taxes | 67/77 | €3,414 | €6,366 | +€2,952 | +86.5% |
| Profit (loss) for the period | 9904 | -€1,518 | €8,600 | +€10,117 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,518 | €8,600 | +€10,117 |
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 16 October 2026 via checked.be.