Curamus: 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.
Curamus
Largest movements
- Tangible fixed assets +€79,043
up €79,043 (+38.0%), from €207,815 to €286,858
of which Other tangible fixed assets: +€84,189
- Cash -€42,299
down €42,299 (-97.5%), from €43,365 to €1,065
mainly Investment in fixed assets (net) (-€97,046) and Net result for the year (-€29,557)
- Debts after one year +€42,257
up €42,257 (+18.0%), from €234,616 to €276,874
- Profit (loss) carried forward -€29,557
down €29,557 (-43.6%), from -€67,862 to -€97,419
- Other debts +€13,004
up €13,004 (+26.2%), from €49,548 to €62,552
- Current portion of long-term debt +€10,990
new in 2025: €10,990
- Depreciation +€8,580
up €8,580 (+91.0%), from €9,423 to €18,003
- Financial charges +€1,335
up €1,335 (+17.2%), from €7,758 to €9,093
- Financial income +€494
up €494 (+975%), from €51 to €545
- Gross operating margin +€378
up €378 (+13.6%), from -€2,785 to -€2,408
- Other operating charges +€92
up €92 (+18.2%), from €505 to €597
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 | €251,391 | €288,135 | +€36,745 | +14.6% |
| Fixed assets | 21/28 | €207,815 | €286,858 | +€79,043 | +38.0% |
| Tangible fixed assets | 22/27 | €207,815 | €286,858 | +€79,043 | +38.0% |
| Land and buildings | 22 | €90,831 | €85,684 | -€5,147 | -5.7% |
| Other tangible fixed assets | 26 | €116,984 | €201,174 | +€84,189 | +72.0% |
| Current assets | 29/58 | €43,575 | €1,277 | -€42,298 | -97.1% |
| Cash at bank and in hand | 54/58 | €43,365 | €1,065 | -€42,299 | -97.5% |
| Deferred charges and accrued income | 490/1 | €211 | €212 | +€1 | +0.7% |
| Total equity and liabilities | 10/49 | €251,391 | €288,135 | +€36,745 | +14.6% |
| Equity | 10/15 | -€32,862 | -€62,419 | -€29,557 | -89.9% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,862 | -€97,419 | -€29,557 | -43.6% |
| Amounts payable | 17/49 | €284,253 | €350,555 | +€66,302 | +23.3% |
| Amounts payable after more than one year | 17 | €234,616 | €276,874 | +€42,257 | +18.0% |
| Financial debts | 170/4 | €234,616 | €276,874 | +€42,257 | +18.0% |
| Amounts payable within one year | 42/48 | €49,637 | €73,681 | +€24,045 | +48.4% |
| Current portion of amounts payable after more than one year | 42 | - | €10,990 | +€10,990 | |
| Trade debts | 44 | €89 | €140 | +€51 | +57.5% |
| Suppliers | 440/4 | €89 | €140 | +€51 | +57.5% |
| Other amounts payable | 47/48 | €49,548 | €62,552 | +€13,004 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,423 | €18,003 | +€8,580 | +91.0% |
| Other operating charges | 640/8 | €505 | €597 | +€92 | +18.2% |
| Gross operating margin | 9900 | -€2,785 | -€2,408 | +€378 | +13.6% |
| Operating profit (loss) | 9901 | -€12,714 | -€21,008 | -€8,294 | -65.2% |
| Financial income | 75/76B | €51 | €545 | +€494 | +975% |
| Recurring financial income | 75 | €51 | €545 | +€494 | +975% |
| Financial charges | 65/66B | €7,758 | €9,093 | +€1,335 | +17.2% |
| Recurring financial charges | 65 | €7,758 | €9,093 | +€1,335 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,422 | -€29,557 | -€9,135 | -44.7% |
| Profit (loss) for the period | 9904 | -€20,422 | -€29,557 | -€9,135 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,422 | -€29,557 | -€9,135 | -44.7% |
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 19 October 2026 via checked.be.