Curafin: 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.
Curafin
Largest movements
- Receivables within one year -€123,418
down €123,418 (-95.0%), from €129,967 to €6,549
of which Other amounts receivable: -€129,418
- Other debts -€150,000
down €150,000 (-16.7%), from €900,000 to €750,000
- Reserves +€44,354
up €44,354 (+3.1%), from €1.4m to €1.5m
of which Distributable reserves: +€44,354
- Staff costs -€22,298
down €22,298 (-100%), from €22,298 to €0
- Financial income -€4,116
down €4,116 (-0.5%), from €754,116 to €750,000
- Financial charges -€3,209
down €3,209 (-87.6%), from €3,664 to €455
- Gross operating margin -€2,354
down €2,354 (-4.0%), from €58,240 to €55,886
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 | €2,555,636 | €2,434,850 | -€120,786 | -4.7% |
| Fixed assets | 21/28 | €2,379,403 | €2,379,403 | = | 0.0% |
| Financial fixed assets | 28 | €2,379,403 | €2,379,403 | = | 0.0% |
| Current assets | 29/58 | €176,233 | €55,447 | -€120,786 | -68.5% |
| Amounts receivable within one year | 40/41 | €129,967 | €6,549 | -€123,418 | -95.0% |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | €129,967 | €549 | -€129,418 | -99.6% |
| Cash at bank and in hand | 54/58 | €42,151 | €48,898 | +€6,747 | +16.0% |
| Deferred charges and accrued income | 490/1 | €4,116 | €0 | -€4,116 | -100% |
| Total equity and liabilities | 10/49 | €2,555,636 | €2,434,850 | -€120,786 | -4.7% |
| Equity | 10/15 | €1,639,497 | €1,683,851 | +€44,354 | +2.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,439,497 | €1,483,851 | +€44,354 | +3.1% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €1,419,497 | €1,463,851 | +€44,354 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €916,139 | €750,998 | -€165,140 | -18.0% |
| Amounts payable within one year | 42/48 | €912,889 | €750,998 | -€161,890 | -17.7% |
| Trade debts | 44 | €3,301 | €998 | -€2,303 | -69.8% |
| Suppliers | 440/4 | €3,301 | €998 | -€2,303 | -69.8% |
| Taxes, remuneration and social security | 45 | €9,587 | €0 | -€9,587 | -100% |
| Taxes | 450/3 | €9,587 | €0 | -€9,587 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €900,000 | €750,000 | -€150,000 | -16.7% |
| Accrued charges and deferred income | 492/3 | €3,250 | €0 | -€3,250 | -100% |
| Remuneration, social security and pensions | 62 | €22,298 | €0 | -€22,298 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €200 | €126 | -€74 | -37.0% |
| Gross operating margin | 9900 | €58,240 | €55,886 | -€2,354 | -4.0% |
| Operating profit (loss) | 9901 | €35,742 | €55,760 | +€20,018 | +56.0% |
| Financial income | 75/76B | €754,116 | €750,000 | -€4,116 | -0.5% |
| Recurring financial income | 75 | €754,116 | €750,000 | -€4,116 | -0.5% |
| Financial charges | 65/66B | €3,664 | €455 | -€3,209 | -87.6% |
| Recurring financial charges | 65 | €3,664 | €455 | -€3,209 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €786,194 | €805,305 | +€19,111 | +2.4% |
| Income taxes | 67/77 | €11,296 | €10,951 | -€345 | -3.1% |
| Profit (loss) for the period | 9904 | €774,897 | €794,354 | +€19,456 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €774,897 | €794,354 | +€19,456 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.