Cura 37+: 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.
Cura 37+
Largest movements
- Cash -€141,453
down €141,453 (-50.3%), from €281,286 to €139,833
mainly Contributions, distributions and other (-€355,471) and Debts after one year (-€24,504)
- Tangible fixed assets -€23,543
down €23,543 (-13.4%), from €175,459 to €151,915
of which Furniture and vehicles: -€14,132
- Receivables within one year -€18,922
down €18,922 (-43.4%), from €43,604 to €24,682
- Intangible fixed assets -€18,000
down €18,000 (-30.8%), from €58,351 to €40,351
- Reserves -€193,883
down €193,883 (-54.3%), from €356,751 to €162,868
- Debts after one year -€24,504
down €24,504 (-14.5%), from €168,581 to €144,077
- Tax, wage and social debts +€8,792
up €8,792 (+47.1%), from €18,681 to €27,473
- Trade debts +€6,701
up €6,701 (+421%), from €1,590 to €8,291
- Gross operating margin -€10,578
down €10,578 (-3.8%), from €277,703 to €267,125
- Depreciation +€5,816
up €5,816 (+16.3%), from €35,728 to €41,543
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 | €567,639 | €361,585 | -€206,054 | -36.3% |
| Fixed assets | 21/28 | €233,809 | €192,266 | -€41,543 | -17.8% |
| Intangible fixed assets | 21 | €58,351 | €40,351 | -€18,000 | -30.8% |
| Tangible fixed assets | 22/27 | €175,459 | €151,915 | -€23,543 | -13.4% |
| Land and buildings | 22 | €142,733 | €133,983 | -€8,750 | -6.1% |
| Plant, machinery and equipment | 23 | €3,724 | €3,063 | -€662 | -17.8% |
| Furniture and vehicles | 24 | €29,001 | €14,870 | -€14,132 | -48.7% |
| Current assets | 29/58 | €333,829 | €169,319 | -€164,511 | -49.3% |
| Amounts receivable within one year | 40/41 | €43,604 | €24,682 | -€18,922 | -43.4% |
| Trade receivables | 40 | €43,604 | €24,682 | -€18,922 | -43.4% |
| Cash at bank and in hand | 54/58 | €281,286 | €139,833 | -€141,453 | -50.3% |
| Deferred charges and accrued income | 490/1 | €8,940 | €4,804 | -€4,136 | -46.3% |
| Total equity and liabilities | 10/49 | €567,639 | €361,585 | -€206,054 | -36.3% |
| Equity | 10/15 | €359,751 | €165,868 | -€193,883 | -53.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €356,751 | €162,868 | -€193,883 | -54.3% |
| Distributable reserves | 133 | €356,751 | €162,868 | -€193,883 | -54.3% |
| Amounts payable | 17/49 | €207,887 | €195,716 | -€12,171 | -5.9% |
| Amounts payable after more than one year | 17 | €168,581 | €144,077 | -€24,504 | -14.5% |
| Financial debts | 170/4 | €168,581 | €144,077 | -€24,504 | -14.5% |
| Amounts payable within one year | 42/48 | €39,306 | €51,639 | +€12,333 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €10,473 | €10,671 | +€198 | +1.9% |
| Trade debts | 44 | €1,590 | €8,291 | +€6,701 | +421% |
| Suppliers | 440/4 | €1,590 | €8,291 | +€6,701 | +421% |
| Taxes, remuneration and social security | 45 | €18,681 | €27,473 | +€8,792 | +47.1% |
| Taxes | 450/3 | €18,681 | €27,473 | +€8,792 | +47.1% |
| Other amounts payable | 47/48 | €8,562 | €5,204 | -€3,358 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,728 | €41,543 | +€5,816 | +16.3% |
| Other operating charges | 640/8 | €1,477 | €1,673 | +€196 | +13.3% |
| Gross operating margin | 9900 | €277,703 | €267,125 | -€10,578 | -3.8% |
| Operating profit (loss) | 9901 | €240,498 | €223,908 | -€16,590 | -6.9% |
| Financial income | 75/76B | €252 | €631 | +€379 | +150% |
| Recurring financial income | 75 | €252 | €631 | +€379 | +150% |
| Financial charges | 65/66B | €8,091 | €6,490 | -€1,601 | -19.8% |
| Recurring financial charges | 65 | €8,091 | €6,490 | -€1,601 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €232,660 | €218,050 | -€14,610 | -6.3% |
| Income taxes | 67/77 | €55,056 | €56,463 | +€1,406 | +2.6% |
| Profit (loss) for the period | 9904 | €177,604 | €161,588 | -€16,016 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €177,604 | €161,588 | -€16,016 | -9.0% |
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 21 October 2026 via checked.be.