CURAGO: 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.
CURAGO
Largest movements
- Tangible fixed assets +€8,119
up €8,119, from €0 to €8,119
- Receivables within one year +€2,193
up €2,193 (+439%), from €500 to €2,693
- Cash +€1,814
up €1,814 (+4.2%), from €43,030 to €44,844
mainly Net result for the year (+€23,542) and Other debts (+€3,047)
- Deferred charges and accrued income +€1,738
up €1,738 (+85.5%), from €2,032 to €3,771
- Reserves +€19,342
up €19,342 (+86.0%), from €22,497 to €41,838
- Tax, wage and social debts -€7,807
down €7,807 (-42.4%), from €18,419 to €10,612
of which Taxes: -€5,407
- Other debts +€3,047
up €3,047 (+1,523,645%), from €0 to €3,047
- Trade debts -€861
down €861 (-27.9%), from €3,084 to €2,223
- Gross operating margin +€13,312
up €13,312 (+62.1%), from €21,420 to €34,732
- Taxes +€2,921
up €2,921 (+49.6%), from €5,886 to €8,807
- Financial charges +€438
up €438 (+52.1%), from €841 to €1,279
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 | €45,562 | €59,426 | +€13,863 | +30.4% |
| Fixed assets | 21/28 | €0 | €8,119 | +€8,119 | |
| Tangible fixed assets | 22/27 | €0 | €8,119 | +€8,119 | |
| Furniture and vehicles | 24 | €0 | €8,119 | +€8,119 | |
| Current assets | 29/58 | €45,562 | €51,307 | +€5,745 | +12.6% |
| Amounts receivable within one year | 40/41 | €500 | €2,693 | +€2,193 | +439% |
| Other amounts receivable | 41 | €500 | €2,693 | +€2,193 | +439% |
| Cash at bank and in hand | 54/58 | €43,030 | €44,844 | +€1,814 | +4.2% |
| Deferred charges and accrued income | 490/1 | €2,032 | €3,771 | +€1,738 | +85.5% |
| Total equity and liabilities | 10/49 | €45,562 | €59,426 | +€13,863 | +30.4% |
| Equity | 10/15 | €23,997 | €43,338 | +€19,342 | +80.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €22,497 | €41,838 | +€19,342 | +86.0% |
| Distributable reserves | 133 | €22,497 | €41,838 | +€19,342 | +86.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,566 | €16,087 | -€5,478 | -25.4% |
| Amounts payable within one year | 42/48 | €21,503 | €15,882 | -€5,620 | -26.1% |
| Trade debts | 44 | €3,084 | €2,223 | -€861 | -27.9% |
| Suppliers | 440/4 | €3,084 | €2,223 | -€861 | -27.9% |
| Taxes, remuneration and social security | 45 | €18,419 | €10,612 | -€7,807 | -42.4% |
| Taxes | 450/3 | €16,019 | €10,612 | -€5,407 | -33.8% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100% |
| Other amounts payable | 47/48 | €0 | €3,047 | +€3,047 | +1,523,645% |
| Accrued charges and deferred income | 492/3 | €63 | €205 | +€142 | +225% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482 | €476 | -€5 | -1.1% |
| Other operating charges | 640/8 | €745 | €628 | -€117 | -15.8% |
| Gross operating margin | 9900 | €21,420 | €34,732 | +€13,312 | +62.1% |
| Operating profit (loss) | 9901 | €20,193 | €33,628 | +€13,435 | +66.5% |
| Financial charges | 65/66B | €841 | €1,279 | +€438 | +52.1% |
| Recurring financial charges | 65 | €841 | €1,279 | +€438 | +52.1% |
| Profit (loss) for the period before taxes | 9903 | €19,352 | €32,349 | +€12,997 | +67.2% |
| Income taxes | 67/77 | €5,886 | €8,807 | +€2,921 | +49.6% |
| Profit (loss) for the period | 9904 | €13,466 | €23,542 | +€10,076 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,466 | €23,542 | +€10,076 | +74.8% |
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 19 October 2026 via checked.be.