Curamed: 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.
What changed
Curamed
NACE 46.190, Agents in non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€164,088
2024 · €157,190+€6,898
Equity
€2.4m
2024 · €2.2m+€164,088
Cash
€370,860
2024 · €195,067+€175,793
Balance sheet total
€2.6m
2024 · €2.4m+€177,351
Largest movements
Assets
- Cash +€175,793
up €175,793 (+90.1%), from €195,067 to €370,860
mainly Net result for the year (+€164,088) and Current portion of long-term debt (+€28,819)
Equity and liabilities
- Profit (loss) carried forward +€164,088
up €164,088 (+55.4%), from €296,264 to €460,352
- Debts after one year -€28,819
down €28,819 (-14.7%), from €196,015 to €167,196
- Current portion of long-term debt +€28,819
new in 2025: €28,819
Income statement
- Gross operating margin +€32,100
up €32,100 (+15.7%), from €204,284 to €236,384
- Financial income -€14,600
down €14,600 (-60.9%), from €23,958 to €9,358
- Taxes +€14,245
up €14,245 (+37.8%), from €37,731 to €51,975
- Financial charges -€3,618
down €3,618 (-17.6%), from €20,571 to €16,953
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.
Result 2024
€157,190
Gross operating margin
+€32,100
Depreciation
+€39
Other operating charges
-€15
Financial income
-€14,600
Financial charges
+€3,618
Taxes
-€14,245
Result 2025
€164,088
raises the resultlowers the result
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.
From operations
+€183,335
Investment
-€7,542
Financing
€0
Cash 2024
€195,067
From operations (derived)
+€183,335
Net result for the year
+€164,088
Depreciation
+€10,684
Receivables within one year
-€19,559
Deferred charges and accrued income
+€14,860
Provisions
+€425
Trade debts
+€10,626
Smaller working-capital items
-€224
Other debts
+€2,435
Investment (derived)
-€7,542
Investment in fixed assets (net)
-€7,542
Financing
€0
Debts after one year
-€28,819
Current portion of long-term debt
+€28,819
Cash 2025
€370,860
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,441,261 | €2,618,611 | +€177,351 | +7.3% |
| Fixed assets | 21/28 | €2,172,834 | €2,169,692 | -€3,142 | -0.1% |
| Tangible fixed assets | 22/27 | €172,834 | €169,692 | -€3,142 | -1.8% |
| Furniture and vehicles | 24 | €1,233 | €7,281 | +€6,048 | +491% |
| Leasing and similar rights | 25 | €168,077 | €160,062 | -€8,015 | -4.8% |
| Other tangible fixed assets | 26 | €3,524 | €2,349 | -€1,175 | -33.3% |
| Financial fixed assets | 28 | €2,000,000 | €2,000,000 | = | 0.0% |
| Current assets | 29/58 | €268,427 | €448,919 | +€180,492 | +67.2% |
| Amounts receivable within one year | 40/41 | €43,748 | €63,307 | +€19,559 | +44.7% |
| Trade receivables | 40 | €31,478 | €43,013 | +€11,535 | +36.6% |
| Other amounts receivable | 41 | €12,269 | €20,294 | +€8,025 | +65.4% |
| Cash at bank and in hand | 54/58 | €195,067 | €370,860 | +€175,793 | +90.1% |
| Deferred charges and accrued income | 490/1 | €29,612 | €14,752 | -€14,860 | -50.2% |
| Total equity and liabilities | 10/49 | €2,441,261 | €2,618,611 | +€177,351 | +7.3% |
| Equity | 10/15 | €2,195,711 | €2,359,799 | +€164,088 | +7.5% |
| Contributions | 10/11 | €1,768,600 | €1,768,600 | = | 0.0% |
| Reserves | 13 | €130,847 | €130,847 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,483 | €11,483 | = | 0.0% |
| Distributable reserves | 133 | €119,364 | €119,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | €296,264 | €460,352 | +€164,088 | +55.4% |
| Provisions and deferred taxes | 16 | €15,085 | €15,510 | +€425 | +2.8% |
| Provisions for liabilities and charges | 160/5 | €15,085 | €15,510 | +€425 | +2.8% |
| Major repairs and maintenance | 162 | €15,085 | €15,510 | +€425 | +2.8% |
| Amounts payable | 17/49 | €230,465 | €243,302 | +€12,838 | +5.6% |
| Amounts payable after more than one year | 17 | €196,015 | €167,196 | -€28,819 | -14.7% |
| Financial debts | 170/4 | €196,015 | €167,196 | -€28,819 | -14.7% |
| Amounts payable within one year | 42/48 | €34,256 | €76,106 | +€41,851 | +122% |
| Current portion of amounts payable after more than one year | 42 | - | €28,819 | +€28,819 | |
| Trade debts | 44 | - | €10,626 | +€10,626 | |
| Suppliers | 440/4 | - | €10,626 | +€10,626 | |
| Taxes, remuneration and social security | 45 | €11,386 | €11,356 | -€30 | -0.3% |
| Taxes | 450/3 | €11,386 | €11,356 | -€30 | -0.3% |
| Other amounts payable | 47/48 | €22,870 | €25,305 | +€2,435 | +10.6% |
| Accrued charges and deferred income | 492/3 | €194 | - | -€194 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,723 | €10,684 | -€39 | -0.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €425 | €425 | = | 0.0% |
| Other operating charges | 640/8 | €1,601 | €1,617 | +€15 | +0.9% |
| Gross operating margin | 9900 | €204,284 | €236,384 | +€32,100 | +15.7% |
| Operating profit (loss) | 9901 | €191,535 | €223,658 | +€32,124 | +16.8% |
| Financial income | 75/76B | €23,958 | €9,358 | -€14,600 | -60.9% |
| Recurring financial income | 75 | €23,958 | €9,358 | -€14,600 | -60.9% |
| Financial charges | 65/66B | €20,571 | €16,953 | -€3,618 | -17.6% |
| Recurring financial charges | 65 | €20,571 | €16,953 | -€3,618 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €194,921 | €216,064 | +€21,142 | +10.8% |
| Income taxes | 67/77 | €37,731 | €51,975 | +€14,245 | +37.8% |
| Profit (loss) for the period | 9904 | €157,190 | €164,088 | +€6,898 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €157,190 | €164,088 | +€6,898 | +4.4% |
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 21 October 2026 via checked.be.