CURAMINA2: what changed
Two fiscal 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.
CURAMINA2
Largest movements
- Current investments -€46,800
down €46,800 (-64.0%), from €73,080 to €26,280
- Tangible fixed assets -€13,795
down €13,795 (-26.5%), from €52,074 to €38,279
of which Furniture and vehicles: -€12,894
- Receivables within one year -€10,022
down €10,022 (-74.0%), from €13,544 to €3,522
- Cash +€7,734
up €7,734 (+36.3%), from €21,323 to €29,057
mainly Current investments (+€46,800) and Net result for the year (+€28,383)
- Deferred charges and accrued income +€5,126
up €5,126 (+312.8%), from €1,638 to €6,764
- Reserves -€77,628
no longer reported in 2025 (was €77,628)
- Profit (loss) carried forward +€28,383
new in 2025: €28,383
- Tax, wage and social debts -€13,116
no longer reported in 2025 (was €13,116)
- Accrued charges and deferred income +€2,568
up €2,568 (+447.8%), from €574 to €3,142
- Gross operating margin +€24,014
up €24,014 (+76.4%), from €31,417 to €55,432
- Taxes +€5,177
up €5,177 (+112.5%), from €4,600 to €9,778
- Financial charges +€2,564
up €2,564 (+375.6%), from €683 to €3,247
- Depreciation +€779
up €779 (+6.0%), from €13,016 to €13,795
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.
Cash bridge derived
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 | €161,660 | €103,902 | -€57,758 | -35.7% |
| Fixed assets | 21/28 | €52,074 | €38,279 | -€13,795 | -26.5% |
| Tangible fixed assets | 22/27 | €52,074 | €38,279 | -€13,795 | -26.5% |
| Plant, machinery and equipment | 23 | €2,603 | €1,701 | -€901 | -34.6% |
| Furniture and vehicles | 24 | €49,472 | €36,578 | -€12,894 | -26.1% |
| Current assets | 29/58 | €109,586 | €65,623 | -€43,963 | -40.1% |
| Amounts receivable within one year | 40/41 | €13,544 | €3,522 | -€10,022 | -74.0% |
| Other amounts receivable | 41 | €13,544 | €3,522 | -€10,022 | -74.0% |
| Current investments | 50/53 | €73,080 | €26,280 | -€46,800 | -64.0% |
| Cash at bank and in hand | 54/58 | €21,323 | €29,057 | +€7,734 | +36.3% |
| Deferred charges and accrued income | 490/1 | €1,638 | €6,764 | +€5,126 | +312.8% |
| Total equity and liabilities | 10/49 | €161,660 | €103,902 | -€57,758 | -35.7% |
| Equity | 10/15 | €81,628 | €32,383 | -€49,246 | -60.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €77,628 | - | -€77,628 | |
| Distributable reserves | 133 | €77,628 | - | -€77,628 | |
| Profit (loss) carried forward | 14 | - | €28,383 | +€28,383 | |
| Amounts payable | 17/49 | €80,032 | €71,519 | -€8,513 | -10.6% |
| Amounts payable within one year | 42/48 | €79,458 | €68,377 | -€11,081 | -13.9% |
| Trade debts | 44 | €155 | €1,081 | +€926 | +599.6% |
| Suppliers | 440/4 | €155 | €1,081 | +€926 | +599.6% |
| Taxes, remuneration and social security | 45 | €13,116 | - | -€13,116 | |
| Taxes | 450/3 | €13,116 | - | -€13,116 | |
| Other amounts payable | 47/48 | €66,188 | €67,296 | +€1,108 | +1.7% |
| Accrued charges and deferred income | 492/3 | €574 | €3,142 | +€2,568 | +447.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,016 | €13,795 | +€779 | +6.0% |
| Other operating charges | 640/8 | - | €229 | +€229 | |
| Gross operating margin | 9900 | €31,417 | €55,432 | +€24,014 | +76.4% |
| Operating profit (loss) | 9901 | €18,401 | €41,408 | +€23,007 | +125.0% |
| Financial charges | 65/66B | €683 | €3,247 | +€2,564 | +375.6% |
| Recurring financial charges | 65 | €683 | €3,247 | +€2,564 | +375.6% |
| Profit (loss) for the period before taxes | 9903 | €17,718 | €38,161 | +€20,443 | +115.4% |
| Income taxes | 67/77 | €4,600 | €9,778 | +€5,177 | +112.5% |
| Profit (loss) for the period | 9904 | €13,118 | €28,383 | +€15,265 | +116.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,118 | €28,383 | +€15,265 | +116.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.