CURADOR: 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.
CURADOR
Largest movements
- Cash -€62,700
down €62,700 (-19.5%), from €321,113 to €258,413
mainly Contributions, distributions and other (-€110,000) and Receivables within one year (-€12,312)
- Stocks and contracts -€27,923
down €27,923 (-20.7%), from €134,736 to €106,814
- Receivables within one year +€12,312
up €12,312 (+61.2%), from €20,113 to €32,425
of which Trade receivables: +€10,918
- Tangible fixed assets -€12,247
down €12,247 (-40.6%), from €30,188 to €17,941
of which Plant, machinery and equipment: -€11,882
- Reserves -€110,000
down €110,000 (-33.0%), from €333,520 to €223,520
of which Distributable reserves: -€110,000
- Profit (loss) carried forward +€27,010
up €27,010, from €0 to €27,010
- Trade debts -€6,883
down €6,883 (-86.1%), from €7,994 to €1,111
- Gross operating margin -€49,822
down €49,822 (-33.4%), from €149,056 to €99,234
- Taxes -€13,030
down €13,030 (-55.0%), from €23,708 to €10,678
- Staff costs +€4,574
up €4,574 (+10.8%), from €42,443 to €47,017
- Financial income +€2,215
up €2,215 (+72,853%), from €3 to €2,218
- Depreciation +€1,848
up €1,848 (+17.8%), from €10,399 to €12,247
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 | €506,929 | €416,174 | -€90,755 | -17.9% |
| Fixed assets | 21/28 | €30,188 | €17,941 | -€12,247 | -40.6% |
| Tangible fixed assets | 22/27 | €30,188 | €17,941 | -€12,247 | -40.6% |
| Plant, machinery and equipment | 23 | €28,832 | €16,950 | -€11,882 | -41.2% |
| Furniture and vehicles | 24 | €1,356 | €991 | -€365 | -26.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €476,741 | €398,233 | -€78,508 | -16.5% |
| Stocks and contracts in progress | 3 | €134,736 | €106,814 | -€27,923 | -20.7% |
| Stocks | 30/36 | €134,736 | €106,814 | -€27,923 | -20.7% |
| Amounts receivable within one year | 40/41 | €20,113 | €32,425 | +€12,312 | +61.2% |
| Trade receivables | 40 | €12,812 | €23,730 | +€10,918 | +85.2% |
| Other amounts receivable | 41 | €7,301 | €8,695 | +€1,394 | +19.1% |
| Cash at bank and in hand | 54/58 | €321,113 | €258,413 | -€62,700 | -19.5% |
| Deferred charges and accrued income | 490/1 | €779 | €581 | -€198 | -25.4% |
| Total equity and liabilities | 10/49 | €506,929 | €416,174 | -€90,755 | -17.9% |
| Equity | 10/15 | €483,647 | €400,657 | -€82,990 | -17.2% |
| Contributions | 10/11 | €150,127 | €150,127 | = | 0.0% |
| Capital | 10 | €150,127 | €150,127 | = | 0.0% |
| Issued capital | 100 | €150,127 | €150,127 | = | 0.0% |
| Reserves | 13 | €333,520 | €223,520 | -€110,000 | -33.0% |
| Non-distributable reserves | 130/1 | €15,013 | €15,013 | = | 0.0% |
| Legal reserve | 130 | €15,013 | €15,013 | = | 0.0% |
| Distributable reserves | 133 | €318,507 | €208,507 | -€110,000 | -34.5% |
| Profit (loss) carried forward | 14 | €0 | €27,010 | +€27,010 | |
| Amounts payable | 17/49 | €23,282 | €15,517 | -€7,765 | -33.4% |
| Amounts payable within one year | 42/48 | €23,083 | €15,177 | -€7,906 | -34.2% |
| Trade debts | 44 | €7,994 | €1,111 | -€6,883 | -86.1% |
| Suppliers | 440/4 | €7,994 | €1,111 | -€6,883 | -86.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,963 | €13,628 | +€2,665 | +24.3% |
| Taxes | 450/3 | €1,351 | €543 | -€808 | -59.8% |
| Remuneration and social security | 454/9 | €9,612 | €13,085 | +€3,473 | +36.1% |
| Other amounts payable | 47/48 | €4,126 | €438 | -€3,688 | -89.4% |
| Accrued charges and deferred income | 492/3 | €199 | €339 | +€141 | +70.7% |
| Remuneration, social security and pensions | 62 | €42,443 | €47,017 | +€4,574 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,399 | €12,247 | +€1,848 | +17.8% |
| Other operating charges | 640/8 | €1,468 | €2,935 | +€1,467 | +100.0% |
| Gross operating margin | 9900 | €149,056 | €99,234 | -€49,822 | -33.4% |
| Operating profit (loss) | 9901 | €94,746 | €37,035 | -€57,711 | -60.9% |
| Financial income | 75/76B | €3 | €2,218 | +€2,215 | +72,853% |
| Recurring financial income | 75 | €3 | €2,218 | +€2,215 | +72,853% |
| Financial charges | 65/66B | €2,293 | €1,565 | -€728 | -31.7% |
| Recurring financial charges | 65 | €2,293 | €1,565 | -€728 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €92,456 | €37,688 | -€54,769 | -59.2% |
| Income taxes | 67/77 | €23,708 | €10,678 | -€13,030 | -55.0% |
| Profit (loss) for the period | 9904 | €68,749 | €27,010 | -€41,739 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,749 | €27,010 | -€41,739 | -60.7% |
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 27 October 2026 via checked.be.