KURTULUS YUSUF: 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.
KURTULUS YUSUF
Largest movements
- Cash +€11,267
up €11,267 (+60.8%), from €18,530 to €29,797
mainly Receivables within one year (+€7,569) and Net result for the year (+€5,458)
- Receivables within one year -€7,569
no longer reported in 2025 (was €7,569)
of which Other amounts receivable: -€5,905
- Profit (loss) carried forward +€5,458
up €5,458 (+152%), from €3,596 to €9,054
- Trade debts -€1,982
down €1,982 (-75.2%), from €2,635 to €652
- Depreciation -€3,024
no longer reported in 2025 (was €3,024)
- Gross operating margin +€2,646
up €2,646 (+48.5%), from €5,456 to €8,102
- Taxes -€1,271
no longer reported in 2025 (was €1,271)
- Financial income -€1,084
no longer reported in 2025 (was €1,084)
- Other operating charges +€989
up €989 (+179%), from €552 to €1,541
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 | €26,188 | €29,887 | +€3,699 | +14.1% |
| Fixed assets | 21/28 | €90 | €90 | = | 0.0% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €26,098 | €29,797 | +€3,699 | +14.2% |
| Amounts receivable within one year | 40/41 | €7,569 | - | -€7,569 | |
| Trade receivables | 40 | €1,664 | - | -€1,664 | |
| Other amounts receivable | 41 | €5,905 | - | -€5,905 | |
| Cash at bank and in hand | 54/58 | €18,530 | €29,797 | +€11,267 | +60.8% |
| Total equity and liabilities | 10/49 | €26,188 | €29,887 | +€3,699 | +14.1% |
| Equity | 10/15 | €22,196 | €27,654 | +€5,458 | +24.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,596 | €9,054 | +€5,458 | +152% |
| Amounts payable | 17/49 | €3,992 | €2,233 | -€1,759 | -44.1% |
| Amounts payable within one year | 42/48 | €3,992 | €2,233 | -€1,759 | -44.1% |
| Trade debts | 44 | €2,635 | €652 | -€1,982 | -75.2% |
| Suppliers | 440/4 | €2,635 | €652 | -€1,982 | -75.2% |
| Taxes, remuneration and social security | 45 | €1,357 | €1,580 | +€223 | +16.4% |
| Taxes | 450/3 | €1,357 | €1,580 | +€223 | +16.4% |
| Remuneration, social security and pensions | 62 | - | €908 | +€908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,024 | - | -€3,024 | |
| Other operating charges | 640/8 | €552 | €1,541 | +€989 | +179% |
| Gross operating margin | 9900 | €5,456 | €8,102 | +€2,646 | +48.5% |
| Operating profit (loss) | 9901 | €1,880 | €5,652 | +€3,772 | +201% |
| Financial income | 75/76B | €1,084 | - | -€1,084 | |
| Recurring financial income | 75 | €1,084 | - | -€1,084 | |
| Financial charges | 65/66B | €188 | €194 | +€6 | +3.1% |
| Recurring financial charges | 65 | €188 | €194 | +€6 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €2,776 | €5,458 | +€2,682 | +96.6% |
| Income taxes | 67/77 | €1,271 | - | -€1,271 | |
| Profit (loss) for the period | 9904 | €1,505 | €5,458 | +€3,953 | +263% |
| Profit (loss) for the period to be appropriated | 9905 | €1,505 | €5,458 | +€3,953 | +263% |
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 27 October 2026 via checked.be.