LIQUID KURK: 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.
LIQUID KURK
Largest movements
- Cash -€13,288
down €13,288 (-39.5%), from €33,667 to €20,379
mainly Receivables within one year (-€10,146) and Stocks and contracts (-€4,370)
- Receivables within one year +€10,146
up €10,146 (+109%), from €9,320 to €19,466
of which Other amounts receivable: +€7,330
- Tangible fixed assets -€4,667
no longer reported in 2025 (was €4,667)
- Stocks and contracts +€4,370
up €4,370 (+9.5%), from €46,233 to €50,603
- Current portion of long-term debt -€3,009
no longer reported in 2025 (was €3,009)
- Tax, wage and social debts -€2,983
down €2,983 (-21.9%), from €13,594 to €10,611
- Advances received +€1,637
new in 2025: €1,637
- Reserves +€1,146
up €1,146 (+2.3%), from €49,863 to €51,009
- Other operating charges -€2,066
down €2,066 (-79.9%), from €2,587 to €521
- Gross operating margin -€1,432
down €1,432 (-14.0%), from €10,214 to €8,782
- Financial charges +€206
up €206 (+12.2%), from €1,686 to €1,892
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 | €94,019 | €90,805 | -€3,214 | -3.4% |
| Fixed assets | 21/28 | €4,667 | - | -€4,667 | |
| Tangible fixed assets | 22/27 | €4,667 | - | -€4,667 | |
| Furniture and vehicles | 24 | €4,667 | - | -€4,667 | |
| Current assets | 29/58 | €89,353 | €90,805 | +€1,452 | +1.6% |
| Stocks and contracts in progress | 3 | €46,233 | €50,603 | +€4,370 | +9.5% |
| Stocks | 30/36 | €46,233 | €50,603 | +€4,370 | +9.5% |
| Amounts receivable within one year | 40/41 | €9,320 | €19,466 | +€10,146 | +109% |
| Trade receivables | 40 | €6,999 | €9,816 | +€2,816 | +40.2% |
| Other amounts receivable | 41 | €2,321 | €9,651 | +€7,330 | +316% |
| Cash at bank and in hand | 54/58 | €33,667 | €20,379 | -€13,288 | -39.5% |
| Deferred charges and accrued income | 490/1 | €133 | €357 | +€224 | +168% |
| Total equity and liabilities | 10/49 | €94,019 | €90,805 | -€3,214 | -3.4% |
| Equity | 10/15 | €51,863 | €53,009 | +€1,146 | +2.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,863 | €51,009 | +€1,146 | +2.3% |
| Distributable reserves | 133 | €49,863 | €51,009 | +€1,146 | +2.3% |
| Amounts payable | 17/49 | €42,157 | €37,796 | -€4,361 | -10.3% |
| Amounts payable within one year | 42/48 | €42,157 | €37,796 | -€4,361 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €3,009 | - | -€3,009 | |
| Trade debts | 44 | €24,894 | €25,548 | +€655 | +2.6% |
| Suppliers | 440/4 | €24,894 | €25,548 | +€655 | +2.6% |
| Advances received on contracts in progress | 46 | - | €1,637 | +€1,637 | |
| Taxes, remuneration and social security | 45 | €13,594 | €10,611 | -€2,983 | -21.9% |
| Taxes | 450/3 | €13,594 | €10,611 | -€2,983 | -21.9% |
| Other amounts payable | 47/48 | €660 | - | -€660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,667 | €4,667 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,587 | €521 | -€2,066 | -79.9% |
| Gross operating margin | 9900 | €10,214 | €8,782 | -€1,432 | -14.0% |
| Operating profit (loss) | 9901 | €2,961 | €3,594 | +€634 | +21.4% |
| Financial income | 75/76B | €229 | €294 | +€65 | +28.4% |
| Recurring financial income | 75 | €229 | €294 | +€65 | +28.4% |
| Financial charges | 65/66B | €1,686 | €1,892 | +€206 | +12.2% |
| Recurring financial charges | 65 | €1,686 | €1,892 | +€206 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €1,503 | €1,996 | +€493 | +32.8% |
| Income taxes | 67/77 | €807 | €850 | +€43 | +5.3% |
| Profit (loss) for the period | 9904 | €696 | €1,146 | +€450 | +64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €696 | €1,146 | +€450 | +64.7% |
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 31 October 2026 via checked.be.