KURUMA: 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.
KURUMA
Largest movements
- Stocks and contracts -€453,454
down €453,454 (-48.6%), from €933,454 to €480,000
- Tangible fixed assets -€46,434
down €46,434 (-39.1%), from €118,713 to €72,279
of which Furniture and vehicles: -€40,960
- Debts after one year -€363,185
down €363,185 (-99.5%), from €364,964 to €1,779
- Other debts -€152,069
down €152,069 (-23.3%), from €652,782 to €500,713
- Gross operating margin +€47,576
up €47,576, from -€3,894 to €43,682
- Financial charges +€10,467
up €10,467 (+94.0%), from €11,134 to €21,601
of which Non-recurring financial charges: +€12,721
- Depreciation -€8,124
down €8,124 (-37.2%), from €21,838 to €13,714
- Taxes -€2,424
no longer reported in 2025 (was €2,424)
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 | €1,059,748 | €556,479 | -€503,269 | -47.5% |
| Fixed assets | 21/28 | €118,713 | €72,279 | -€46,434 | -39.1% |
| Tangible fixed assets | 22/27 | €118,713 | €72,279 | -€46,434 | -39.1% |
| Land and buildings | 22 | €68,535 | €65,509 | -€3,026 | -4.4% |
| Plant, machinery and equipment | 23 | €4,545 | €2,097 | -€2,448 | -53.9% |
| Furniture and vehicles | 24 | €45,633 | €4,673 | -€40,960 | -89.8% |
| Current assets | 29/58 | €941,035 | €484,200 | -€456,835 | -48.5% |
| Stocks and contracts in progress | 3 | €933,454 | €480,000 | -€453,454 | -48.6% |
| Stocks | 30/36 | €933,454 | €480,000 | -€453,454 | -48.6% |
| Cash at bank and in hand | 54/58 | €7,581 | €4,200 | -€3,381 | -44.6% |
| Total equity and liabilities | 10/49 | €1,059,748 | €556,479 | -€503,269 | -47.5% |
| Equity | 10/15 | €41,341 | €48,315 | +€6,974 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,741 | €29,715 | +€6,974 | +30.7% |
| Amounts payable | 17/49 | €1,018,407 | €508,164 | -€510,243 | -50.1% |
| Amounts payable after more than one year | 17 | €364,964 | €1,779 | -€363,185 | -99.5% |
| Financial debts | 170/4 | €364,964 | €1,779 | -€363,185 | -99.5% |
| Amounts payable within one year | 42/48 | €653,443 | €506,385 | -€147,058 | -22.5% |
| Taxes, remuneration and social security | 45 | €661 | €5,672 | +€5,011 | +758.1% |
| Taxes | 450/3 | €661 | €5,672 | +€5,011 | +758.1% |
| Other amounts payable | 47/48 | €652,782 | €500,713 | -€152,069 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,838 | €13,714 | -€8,124 | -37.2% |
| Other operating charges | 640/8 | €1,222 | €1,393 | +€171 | +14.0% |
| Gross operating margin | 9900 | -€3,894 | €43,682 | +€47,576 | |
| Operating profit (loss) | 9901 | -€26,954 | €28,575 | +€55,529 | |
| Financial charges | 65/66B | €11,134 | €21,601 | +€10,467 | +94.0% |
| Recurring financial charges | 65 | €11,134 | €8,880 | -€2,254 | -20.2% |
| Non-recurring financial charges | 66B | - | €12,721 | +€12,721 | |
| Profit (loss) for the period before taxes | 9903 | -€38,088 | €6,974 | +€45,062 | |
| Income taxes | 67/77 | €2,424 | - | -€2,424 | |
| Profit (loss) for the period | 9904 | -€40,512 | €6,974 | +€47,486 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,512 | €6,974 | +€47,486 |
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 6 October 2026 via checked.be.