SLAGERIJ KURT: 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.
SLAGERIJ KURT
Largest movements
- Receivables within one year +€11,771
up €11,771 (+218%), from €5,397 to €17,168
of which Other amounts receivable: +€10,447
- Cash +€9,675
up €9,675 (+13.7%), from €70,876 to €80,551
mainly Other debts (+€88,565) and Net result for the year (+€24,327)
- Tangible fixed assets -€7,055
down €7,055 (-40.4%), from €17,469 to €10,414
- Other debts +€88,565
up €88,565 (+1,968%), from €4,500 to €93,065
- Reserves -€68,739
down €68,739 (-100%), from €68,739 to €0
- Trade debts -€5,722
down €5,722 (-36.7%), from €15,611 to €9,890
- Short-term financial debts +€3,368
new in 2025: €3,368
- Current portion of long-term debt -€2,720
down €2,720 (-100%), from €2,720 to €0
- Gross operating margin -€64,361
down €64,361 (-49.6%), from €129,737 to €65,376
- Taxes -€13,006
down €13,006 (-58.5%), from €22,223 to €9,217
- Staff costs -€7,857
down €7,857 (-25.4%), from €30,900 to €23,043
- Depreciation -€6,381
down €6,381 (-47.5%), from €13,436 to €7,055
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 | €96,870 | €111,707 | +€14,837 | +15.3% |
| Fixed assets | 21/28 | €17,469 | €10,414 | -€7,055 | -40.4% |
| Tangible fixed assets | 22/27 | €17,469 | €10,414 | -€7,055 | -40.4% |
| Plant, machinery and equipment | 23 | €1,869 | €0 | -€1,869 | -100% |
| Furniture and vehicles | 24 | €3,421 | €0 | -€3,421 | -100% |
| Other tangible fixed assets | 26 | €12,179 | €10,414 | -€1,765 | -14.5% |
| Current assets | 29/58 | €79,401 | €101,293 | +€21,893 | +27.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €2,829 | €3,306 | +€477 | +16.9% |
| Stocks | 30/36 | €2,829 | €3,306 | +€477 | +16.9% |
| Amounts receivable within one year | 40/41 | €5,397 | €17,168 | +€11,771 | +218% |
| Trade receivables | 40 | €1,866 | €3,189 | +€1,323 | +70.9% |
| Other amounts receivable | 41 | €3,532 | €13,979 | +€10,447 | +296% |
| Cash at bank and in hand | 54/58 | €70,876 | €80,551 | +€9,675 | +13.7% |
| Deferred charges and accrued income | 490/1 | €299 | €268 | -€31 | -10.2% |
| Total equity and liabilities | 10/49 | €96,870 | €111,707 | +€14,837 | +15.3% |
| Equity | 10/15 | €73,739 | €5,000 | -€68,739 | -93.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €68,739 | €0 | -€68,739 | -100% |
| Distributable reserves | 133 | €68,739 | €0 | -€68,739 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,131 | €106,707 | +€83,576 | +361% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €23,131 | €106,707 | +€83,576 | +361% |
| Current portion of amounts payable after more than one year | 42 | €2,720 | €0 | -€2,720 | -100% |
| Financial debts | 43 | - | €3,368 | +€3,368 | |
| Other loans | 439 | - | €3,368 | +€3,368 | |
| Trade debts | 44 | €15,611 | €9,890 | -€5,722 | -36.7% |
| Suppliers | 440/4 | €15,611 | €9,890 | -€5,722 | -36.7% |
| Taxes, remuneration and social security | 45 | €300 | €385 | +€85 | +28.3% |
| Taxes | 450/3 | €300 | €385 | +€85 | +28.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,500 | €93,065 | +€88,565 | +1,968% |
| Remuneration, social security and pensions | 62 | €30,900 | €23,043 | -€7,857 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,436 | €7,055 | -€6,381 | -47.5% |
| Other operating charges | 640/8 | €1,426 | €1,399 | -€27 | -1.9% |
| Gross operating margin | 9900 | €129,737 | €65,376 | -€64,361 | -49.6% |
| Operating profit (loss) | 9901 | €83,975 | €33,879 | -€50,096 | -59.7% |
| Financial income | 75/76B | €311 | €169 | -€142 | -45.6% |
| Recurring financial income | 75 | €311 | €169 | -€142 | -45.6% |
| Financial charges | 65/66B | €1,029 | €504 | -€525 | -51.0% |
| Recurring financial charges | 65 | €1,029 | €504 | -€525 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €83,257 | €33,544 | -€49,713 | -59.7% |
| Income taxes | 67/77 | €22,223 | €9,217 | -€13,006 | -58.5% |
| Profit (loss) for the period | 9904 | €61,033 | €24,327 | -€36,707 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,033 | €24,327 | -€36,707 | -60.1% |
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 15 October 2026 via checked.be.