A-CURA: 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.
A-CURA
Largest movements
- Tangible fixed assets -€67,627
down €67,627 (-9.4%), from €716,489 to €648,862
of which Land and buildings: -€37,321
- Cash -€26,478
down €26,478 (-17.2%), from €153,935 to €127,457
mainly Contributions, distributions and other (-€117,000) and Debts after one year (-€99,150)
- Debts after one year -€99,150
down €99,150 (-18.5%), from €536,306 to €437,156
- Other debts +€23,861
up €23,861 (+20.5%), from €116,313 to €140,175
- Staff costs -€24,152
down €24,152 (-55.4%), from €43,608 to €19,456
- Gross operating margin -€10,571
down €10,571 (-4.1%), from €259,482 to €248,911
- Financial charges +€3,530
up €3,530 (+24.9%), from €14,149 to €17,679
- Depreciation -€2,751
down €2,751 (-4.5%), from €61,590 to €58,839
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 | €1,123,832 | €1,037,370 | -€86,462 | -7.7% |
| Fixed assets | 21/28 | €716,639 | €649,012 | -€67,627 | -9.4% |
| Tangible fixed assets | 22/27 | €716,489 | €648,862 | -€67,627 | -9.4% |
| Land and buildings | 22 | €647,876 | €610,554 | -€37,321 | -5.8% |
| Plant, machinery and equipment | 23 | €32,103 | €20,658 | -€11,445 | -35.7% |
| Furniture and vehicles | 24 | €36,511 | €17,650 | -€18,861 | -51.7% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €407,193 | €388,358 | -€18,835 | -4.6% |
| Stocks and contracts in progress | 3 | €118,335 | €121,483 | +€3,148 | +2.7% |
| Stocks | 30/36 | €118,335 | €121,483 | +€3,148 | +2.7% |
| Amounts receivable within one year | 40/41 | €126,219 | €136,443 | +€10,223 | +8.1% |
| Trade receivables | 40 | €107,577 | €128,952 | +€21,375 | +19.9% |
| Other amounts receivable | 41 | €18,642 | €7,491 | -€11,151 | -59.8% |
| Cash at bank and in hand | 54/58 | €153,935 | €127,457 | -€26,478 | -17.2% |
| Deferred charges and accrued income | 490/1 | €8,704 | €2,975 | -€5,729 | -65.8% |
| Total equity and liabilities | 10/49 | €1,123,832 | €1,037,370 | -€86,462 | -7.7% |
| Equity | 10/15 | €290,335 | €291,205 | +€870 | +0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €271,743 | €272,613 | +€870 | +0.3% |
| Distributable reserves | 133 | €271,743 | €272,613 | +€870 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €833,497 | €746,165 | -€87,332 | -10.5% |
| Amounts payable after more than one year | 17 | €536,306 | €437,156 | -€99,150 | -18.5% |
| Financial debts | 170/4 | €536,306 | €437,156 | -€99,150 | -18.5% |
| Amounts payable within one year | 42/48 | €292,668 | €306,598 | +€13,931 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €98,956 | €99,150 | +€194 | +0.2% |
| Trade debts | 44 | €72,682 | €66,953 | -€5,729 | -7.9% |
| Suppliers | 440/4 | €72,682 | €66,953 | -€5,729 | -7.9% |
| Taxes, remuneration and social security | 45 | €4,716 | €320 | -€4,396 | -93.2% |
| Taxes | 450/3 | €0 | €320 | +€320 | |
| Remuneration and social security | 454/9 | €4,716 | €0 | -€4,716 | -100.0% |
| Other amounts payable | 47/48 | €116,313 | €140,175 | +€23,861 | +20.5% |
| Accrued charges and deferred income | 492/3 | €4,523 | €2,410 | -€2,113 | -46.7% |
| Remuneration, social security and pensions | 62 | €43,608 | €19,456 | -€24,152 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,590 | €58,839 | -€2,751 | -4.5% |
| Other operating charges | 640/8 | €3,950 | €4,099 | +€149 | +3.8% |
| Gross operating margin | 9900 | €259,482 | €248,911 | -€10,571 | -4.1% |
| Operating profit (loss) | 9901 | €150,335 | €166,518 | +€16,183 | +10.8% |
| Financial income | 75/76B | €1,370 | €865 | -€505 | -36.8% |
| Recurring financial income | 75 | €1,370 | €865 | -€505 | -36.8% |
| Financial charges | 65/66B | €14,149 | €17,679 | +€3,530 | +24.9% |
| Recurring financial charges | 65 | €14,149 | €17,679 | +€3,530 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €137,556 | €149,704 | +€12,148 | +8.8% |
| Income taxes | 67/77 | €29,552 | €31,834 | +€2,282 | +7.7% |
| Profit (loss) for the period | 9904 | €108,004 | €117,870 | +€9,866 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,004 | €117,870 | +€9,866 | +9.1% |
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 4 October 2026 via checked.be.