A-CURO: 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-CURO
Largest movements
- Receivables within one year +€13,878
up €13,878 (+22.6%), from €61,513 to €75,391
of which Trade receivables: +€13,902
- Cash -€9,508
down €9,508 (-5.5%), from €173,255 to €163,747
mainly Trade debts (-€22,363) and Receivables within one year (-€13,878)
- Profit (loss) carried forward +€35,211
up €35,211 (+21.5%), from €163,664 to €198,875
- Trade debts -€22,363
down €22,363 (-38.6%), from €57,887 to €35,524
- Tax, wage and social debts -€9,969
down €9,969 (-34.4%), from €28,976 to €19,007
of which Taxes: -€8,346
- Gross operating margin -€18,349
down €18,349 (-13.9%), from €131,593 to €113,245
- Taxes -€5,380
down €5,380 (-29.8%), from €18,072 to €12,692
- Depreciation +€4,438
up €4,438 (+148.2%), from €2,995 to €7,433
- Staff costs +€2,404
up €2,404 (+4.5%), from €53,836 to €56,240
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 | €258,811 | €261,690 | +€2,878 | +1.1% |
| Fixed assets | 21/28 | €23,873 | €22,383 | -€1,490 | -6.2% |
| Tangible fixed assets | 22/27 | €23,873 | €22,383 | -€1,490 | -6.2% |
| Plant, machinery and equipment | 23 | €20,328 | €17,547 | -€2,781 | -13.7% |
| Furniture and vehicles | 24 | €3,545 | €4,836 | +€1,291 | +36.4% |
| Current assets | 29/58 | €234,938 | €239,307 | +€4,369 | +1.9% |
| Amounts receivable within one year | 40/41 | €61,513 | €75,391 | +€13,878 | +22.6% |
| Trade receivables | 40 | €59,808 | €73,710 | +€13,902 | +23.2% |
| Other amounts receivable | 41 | €1,705 | €1,681 | -€24 | -1.4% |
| Cash at bank and in hand | 54/58 | €173,255 | €163,747 | -€9,508 | -5.5% |
| Deferred charges and accrued income | 490/1 | €170 | €169 | -€1 | -0.7% |
| Total equity and liabilities | 10/49 | €258,811 | €261,690 | +€2,878 | +1.1% |
| Equity | 10/15 | €171,724 | €206,935 | +€35,211 | +20.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €163,664 | €198,875 | +€35,211 | +21.5% |
| Amounts payable | 17/49 | €87,088 | €54,755 | -€32,332 | -37.1% |
| Amounts payable within one year | 42/48 | €87,088 | €54,755 | -€32,332 | -37.1% |
| Trade debts | 44 | €57,887 | €35,524 | -€22,363 | -38.6% |
| Suppliers | 440/4 | €57,887 | €35,524 | -€22,363 | -38.6% |
| Taxes, remuneration and social security | 45 | €28,976 | €19,007 | -€9,969 | -34.4% |
| Taxes | 450/3 | €20,681 | €12,336 | -€8,346 | -40.4% |
| Remuneration and social security | 454/9 | €8,295 | €6,671 | -€1,624 | -19.6% |
| Other amounts payable | 47/48 | €224 | €224 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €53,836 | €56,240 | +€2,404 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,995 | €7,433 | +€4,438 | +148.2% |
| Other operating charges | 640/8 | €1,649 | €1,662 | +€12 | +0.8% |
| Gross operating margin | 9900 | €131,593 | €113,245 | -€18,349 | -13.9% |
| Operating profit (loss) | 9901 | €73,112 | €47,910 | -€25,203 | -34.5% |
| Financial income | 75/76B | - | €88 | +€88 | |
| Recurring financial income | 75 | - | €88 | +€88 | |
| Financial charges | 65/66B | €100 | €95 | -€5 | -4.9% |
| Recurring financial charges | 65 | €100 | €95 | -€5 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €73,013 | €47,903 | -€25,110 | -34.4% |
| Income taxes | 67/77 | €18,072 | €12,692 | -€5,380 | -29.8% |
| Profit (loss) for the period | 9904 | €54,940 | €35,211 | -€19,730 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,940 | €35,211 | -€19,730 | -35.9% |
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 5 October 2026 via checked.be.