CURA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Stocks and contracts +€41,189
new in 2025: €41,189
- Tangible fixed assets -€19,696
down €19,696 (-9.8%), from €200,512 to €180,816
of which Furniture and vehicles: -€13,394
- Deferred charges and accrued income +€8,678
up €8,678 (+458.8%), from €1,892 to €10,569
- Cash -€5,097
down €5,097 (-15.0%), from €34,054 to €28,957
mainly Stocks and contracts (-€41,189) and Current portion of long-term debt (-€10,298)
- Receivables within one year -€5,029
down €5,029 (-4.5%), from €110,614 to €105,585
of which Other amounts receivable: -€19,099
- Trade debts +€36,808
up €36,808 (+364.6%), from €10,094 to €46,902
- Profit (loss) carried forward +€15,569
up €15,569 (+11.6%), from €133,982 to €149,551
- Current portion of long-term debt -€10,298
down €10,298 (-56.7%), from €18,150 to €7,852
- Debts after one year -€7,852
down €7,852 (-5.8%), from €135,883 to €128,031
- Accrued charges and deferred income -€5,647
down €5,647 (-100.0%), from €5,647 to €0
- Staff costs +€8,230
up €8,230 (+4.3%), from €192,613 to €200,844
- Gross operating margin +€7,477
up €7,477 (+3.0%), from €247,326 to €254,803
- Depreciation -€2,973
down €2,973 (-13.1%), from €22,668 to €19,696
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 | €350,221 | €369,516 | +€19,295 | +5.5% |
| Fixed assets | 21/28 | €203,662 | €183,216 | -€20,446 | -10.0% |
| Tangible fixed assets | 22/27 | €200,512 | €180,816 | -€19,696 | -9.8% |
| Land and buildings | 22 | €183,990 | €177,897 | -€6,093 | -3.3% |
| Plant, machinery and equipment | 23 | €835 | €626 | -€209 | -25.0% |
| Furniture and vehicles | 24 | €15,687 | €2,293 | -€13,394 | -85.4% |
| Financial fixed assets | 28 | €3,150 | €2,400 | -€750 | -23.8% |
| Current assets | 29/58 | €146,559 | €186,300 | +€39,740 | +27.1% |
| Stocks and contracts in progress | 3 | - | €41,189 | +€41,189 | |
| Stocks | 30/36 | - | €41,189 | +€41,189 | |
| Amounts receivable within one year | 40/41 | €110,614 | €105,585 | -€5,029 | -4.5% |
| Trade receivables | 40 | €83,362 | €97,433 | +€14,070 | +16.9% |
| Other amounts receivable | 41 | €27,251 | €8,152 | -€19,099 | -70.1% |
| Cash at bank and in hand | 54/58 | €34,054 | €28,957 | -€5,097 | -15.0% |
| Deferred charges and accrued income | 490/1 | €1,892 | €10,569 | +€8,678 | +458.8% |
| Total equity and liabilities | 10/49 | €350,221 | €369,516 | +€19,295 | +5.5% |
| Equity | 10/15 | €148,982 | €164,551 | +€15,569 | +10.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,982 | €149,551 | +€15,569 | +11.6% |
| Amounts payable | 17/49 | €201,239 | €204,964 | +€3,725 | +1.9% |
| Amounts payable after more than one year | 17 | €135,883 | €128,031 | -€7,852 | -5.8% |
| Financial debts | 170/4 | €135,883 | €128,031 | -€7,852 | -5.8% |
| Amounts payable within one year | 42/48 | €59,709 | €76,933 | +€17,224 | +28.8% |
| Current portion of amounts payable after more than one year | 42 | €18,150 | €7,852 | -€10,298 | -56.7% |
| Trade debts | 44 | €10,094 | €46,902 | +€36,808 | +364.6% |
| Suppliers | 440/4 | €10,094 | €46,902 | +€36,808 | +364.6% |
| Taxes, remuneration and social security | 45 | €13,347 | €9,006 | -€4,340 | -32.5% |
| Taxes | 450/3 | €5,190 | €2,451 | -€2,738 | -52.8% |
| Remuneration and social security | 454/9 | €8,157 | €6,555 | -€1,602 | -19.6% |
| Other amounts payable | 47/48 | €18,118 | €13,173 | -€4,945 | -27.3% |
| Accrued charges and deferred income | 492/3 | €5,647 | €0 | -€5,647 | -100.0% |
| Remuneration, social security and pensions | 62 | €192,613 | €200,844 | +€8,230 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,668 | €19,696 | -€2,973 | -13.1% |
| Other operating charges | 640/8 | €3,608 | €6,010 | +€2,402 | +66.6% |
| Gross operating margin | 9900 | €247,326 | €254,803 | +€7,477 | +3.0% |
| Operating profit (loss) | 9901 | €28,436 | €28,254 | -€183 | -0.6% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €7,821 | €7,381 | -€440 | -5.6% |
| Recurring financial charges | 65 | €7,821 | €7,381 | -€440 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €20,618 | €20,873 | +€255 | +1.2% |
| Income taxes | 67/77 | €3,880 | €5,303 | +€1,424 | +36.7% |
| Profit (loss) for the period | 9904 | €16,738 | €15,569 | -€1,169 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,738 | €15,569 | -€1,169 | -7.0% |
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 10 October 2026 via checked.be.