KURU: 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.
KURU
Largest movements
- Receivables within one year -€9,530
down €9,530 (-2.1%), from €457,857 to €448,327
of which Trade receivables: -€10,355
- Tangible fixed assets -€8,403
down €8,403 (-2.7%), from €314,002 to €305,599
of which Leasing and similar rights: -€16,838
- Profit (loss) carried forward -€238,745
down €238,745, from €43,244 to -€195,501
- Trade debts +€145,429
up €145,429 (+59.0%), from €246,497 to €391,926
- Tax, wage and social debts +€62,596
up €62,596 (+33.3%), from €188,074 to €250,671
of which Taxes: +€41,666
- Short-term financial debts +€53,852
up €53,852 (+61.2%), from €87,964 to €141,817
of which Other loans: +€38,852
- Current portion of long-term debt -€32,630
down €32,630 (-26.9%), from €121,226 to €88,596
- Staff costs +€232,767
up €232,767 (+19.8%), from €1.2m to €1.4m
- Depreciation -€28,843
down €28,843 (-22.2%), from €129,763 to €100,920
- Other operating charges +€25,868
up €25,868 (+91.2%), from €28,379 to €54,247
- Gross operating margin -€15,218
down €15,218 (-1.1%), from €1.4m to €1.4m
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 | €816,908 | €793,091 | -€23,817 | -2.9% |
| Fixed assets | 21/28 | €321,762 | €311,494 | -€10,268 | -3.2% |
| Tangible fixed assets | 22/27 | €314,002 | €305,599 | -€8,403 | -2.7% |
| Land and buildings | 22 | €59,078 | €61,264 | +€2,186 | +3.7% |
| Plant, machinery and equipment | 23 | €779 | €1,500 | +€720 | +92.4% |
| Furniture and vehicles | 24 | €89,886 | €96,273 | +€6,387 | +7.1% |
| Leasing and similar rights | 25 | €162,642 | €145,804 | -€16,838 | -10.4% |
| Other tangible fixed assets | 26 | €1,616 | €758 | -€859 | -53.1% |
| Financial fixed assets | 28 | €7,760 | €5,895 | -€1,865 | -24.0% |
| Current assets | 29/58 | €495,146 | €481,597 | -€13,549 | -2.7% |
| Amounts receivable within one year | 40/41 | €457,857 | €448,327 | -€9,530 | -2.1% |
| Trade receivables | 40 | €426,677 | €416,322 | -€10,355 | -2.4% |
| Other amounts receivable | 41 | €31,180 | €32,006 | +€825 | +2.6% |
| Cash at bank and in hand | 54/58 | €9,304 | €1,462 | -€7,842 | -84.3% |
| Deferred charges and accrued income | 490/1 | €27,985 | €31,808 | +€3,823 | +13.7% |
| Total equity and liabilities | 10/49 | €816,908 | €793,091 | -€23,817 | -2.9% |
| Equity | 10/15 | €62,702 | -€176,043 | -€238,745 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €858 | €858 | = | 0.0% |
| Distributable reserves | 133 | €858 | €858 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,244 | -€195,501 | -€238,745 | |
| Amounts payable | 17/49 | €754,206 | €969,134 | +€214,928 | +28.5% |
| Amounts payable after more than one year | 17 | €110,444 | €96,125 | -€14,320 | -13.0% |
| Financial debts | 170/4 | €110,444 | €96,125 | -€14,320 | -13.0% |
| Amounts payable within one year | 42/48 | €643,761 | €873,009 | +€229,248 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €121,226 | €88,596 | -€32,630 | -26.9% |
| Financial debts | 43 | €87,964 | €141,817 | +€53,852 | +61.2% |
| Credit institutions | 430/8 | €45,000 | €60,000 | +€15,000 | +33.3% |
| Other loans | 439 | €42,964 | €81,817 | +€38,852 | +90.4% |
| Trade debts | 44 | €246,497 | €391,926 | +€145,429 | +59.0% |
| Suppliers | 440/4 | €246,497 | €391,926 | +€145,429 | +59.0% |
| Taxes, remuneration and social security | 45 | €188,074 | €250,671 | +€62,596 | +33.3% |
| Taxes | 450/3 | €83,946 | €125,612 | +€41,666 | +49.6% |
| Remuneration and social security | 454/9 | €104,128 | €125,058 | +€20,931 | +20.1% |
| Remuneration, social security and pensions | 62 | €1,176,745 | €1,409,513 | +€232,767 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,763 | €100,920 | -€28,843 | -22.2% |
| Other operating charges | 640/8 | €28,379 | €54,247 | +€25,868 | +91.2% |
| Gross operating margin | 9900 | €1,374,064 | €1,358,846 | -€15,218 | -1.1% |
| Operating profit (loss) | 9901 | €39,177 | -€205,834 | -€245,011 | |
| Financial income | 75/76B | €937 | €509 | -€429 | -45.7% |
| Recurring financial income | 75 | €937 | €509 | -€429 | -45.7% |
| Financial charges | 65/66B | €29,154 | €33,420 | +€4,266 | +14.6% |
| Recurring financial charges | 65 | €29,154 | €33,420 | +€4,266 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €10,961 | -€238,745 | -€249,706 | |
| Income taxes | 67/77 | €9,384 | - | -€9,384 | |
| Profit (loss) for the period | 9904 | €1,577 | -€238,745 | -€240,322 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,577 | -€238,745 | -€240,322 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.