CURA TE ET VALE: 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 TE ET VALE
Largest movements
- Cash +€41,771
up €41,771 (+6.7%), from €622,174 to €663,945
mainly Net result for the year (+€100,076) and Depreciation (+€3,626)
- Receivables within one year +€13,158
up €13,158 (+7,906%), from €166 to €13,324
of which Other amounts receivable: +€13,324
- Reserves +€100,076
up €100,076 (+21.9%), from €457,008 to €557,084
- Other debts -€38,801
down €38,801 (-54.6%), from €71,035 to €32,234
- Tax, wage and social debts -€7,063
down €7,063 (-33.6%), from €21,022 to €13,959
of which Taxes: -€6,642
- Gross operating margin -€33,096
down €33,096 (-16.5%), from €200,731 to €167,635
- Taxes -€9,880
down €9,880 (-19.0%), from €51,928 to €42,048
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 | €647,528 | €700,732 | +€53,205 | +8.2% |
| Fixed assets | 21/28 | €23,405 | €20,849 | -€2,557 | -10.9% |
| Tangible fixed assets | 22/27 | €23,405 | €20,849 | -€2,557 | -10.9% |
| Plant, machinery and equipment | 23 | €1,353 | €1,691 | +€337 | +24.9% |
| Other tangible fixed assets | 26 | €22,052 | €19,158 | -€2,894 | -13.1% |
| Current assets | 29/58 | €624,122 | €679,884 | +€55,762 | +8.9% |
| Amounts receivable within one year | 40/41 | €166 | €13,324 | +€13,158 | +7,906% |
| Trade receivables | 40 | €166 | - | -€166 | |
| Other amounts receivable | 41 | - | €13,324 | +€13,324 | |
| Cash at bank and in hand | 54/58 | €622,174 | €663,945 | +€41,771 | +6.7% |
| Deferred charges and accrued income | 490/1 | €1,781 | €2,614 | +€833 | +46.7% |
| Total equity and liabilities | 10/49 | €647,528 | €700,732 | +€53,205 | +8.2% |
| Equity | 10/15 | €550,008 | €650,084 | +€100,076 | +18.2% |
| Contributions | 10/11 | €93,000 | €93,000 | = | 0.0% |
| Reserves | 13 | €457,008 | €557,084 | +€100,076 | +21.9% |
| Distributable reserves | 133 | €457,008 | €557,084 | +€100,076 | +21.9% |
| Amounts payable | 17/49 | €97,520 | €50,649 | -€46,871 | -48.1% |
| Amounts payable within one year | 42/48 | €92,908 | €46,861 | -€46,048 | -49.6% |
| Trade debts | 44 | €851 | €668 | -€184 | -21.6% |
| Suppliers | 440/4 | €851 | €668 | -€184 | -21.6% |
| Taxes, remuneration and social security | 45 | €21,022 | €13,959 | -€7,063 | -33.6% |
| Taxes | 450/3 | €17,750 | €11,108 | -€6,642 | -37.4% |
| Remuneration and social security | 454/9 | €3,272 | €2,851 | -€421 | -12.9% |
| Other amounts payable | 47/48 | €71,035 | €32,234 | -€38,801 | -54.6% |
| Accrued charges and deferred income | 492/3 | €4,612 | €3,788 | -€823 | -17.9% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | €18,978 | €18,693 | -€285 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,971 | €3,626 | -€345 | -8.7% |
| Other operating charges | 640/8 | €413 | €100 | -€313 | -75.8% |
| Gross operating margin | 9900 | €200,731 | €167,635 | -€33,096 | -16.5% |
| Operating profit (loss) | 9901 | €177,368 | €145,216 | -€32,152 | -18.1% |
| Financial income | 75/76B | €1,879 | €1,469 | -€410 | -21.8% |
| Recurring financial income | 75 | €1,879 | €1,469 | -€410 | -21.8% |
| Financial charges | 65/66B | €5,101 | €4,561 | -€540 | -10.6% |
| Recurring financial charges | 65 | €5,101 | €4,561 | -€540 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €174,146 | €142,124 | -€32,022 | -18.4% |
| Income taxes | 67/77 | €51,928 | €42,048 | -€9,880 | -19.0% |
| Profit (loss) for the period | 9904 | €122,218 | €100,076 | -€22,143 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €122,218 | €100,076 | -€22,143 | -18.1% |
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 28 October 2026 via checked.be.