CURARE: 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.
CURARE
Largest movements
- Cash +€39,856
up €39,856 (+31.8%), from €125,388 to €165,244
mainly Net result for the year (+€32,890) and Depreciation (+€17,601)
- Tangible fixed assets -€17,601
down €17,601 (-26.3%), from €66,999 to €49,398
of which Furniture and vehicles: -€17,359
- Receivables within one year -€13,841
down €13,841 (-23.0%), from €60,070 to €46,229
of which Other amounts receivable: -€13,841
- Reserves +€12,890
up €12,890 (+6.0%), from €213,871 to €226,761
- Debts after one year -€12,230
down €12,230 (-47.4%), from €25,774 to €13,544
- Current portion of long-term debt +€3,421
up €3,421 (+28.6%), from €11,973 to €15,394
- Tax, wage and social debts +€3,250
up €3,250 (+20,401%), from €16 to €3,266
- Gross operating margin +€23,157
up €23,157 (+57.1%), from €40,570 to €63,726
- Taxes +€6,542
up €6,542 (+89.1%), from €7,342 to €13,884
- Financial income -€1,063
down €1,063 (-32.0%), from €3,324 to €2,261
- Depreciation -€723
down €723 (-3.9%), from €18,324 to €17,601
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 | €297,447 | €303,210 | +€5,763 | +1.9% |
| Fixed assets | 21/28 | €66,999 | €49,398 | -€17,601 | -26.3% |
| Tangible fixed assets | 22/27 | €66,999 | €49,398 | -€17,601 | -26.3% |
| Plant, machinery and equipment | 23 | €868 | €626 | -€242 | -27.9% |
| Furniture and vehicles | 24 | €66,131 | €48,772 | -€17,359 | -26.2% |
| Current assets | 29/58 | €230,448 | €253,811 | +€23,364 | +10.1% |
| Amounts receivable within one year | 40/41 | €60,070 | €46,229 | -€13,841 | -23.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €60,070 | €46,229 | -€13,841 | -23.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €125,388 | €165,244 | +€39,856 | +31.8% |
| Deferred charges and accrued income | 490/1 | €44,990 | €42,338 | -€2,651 | -5.9% |
| Total equity and liabilities | 10/49 | €297,447 | €303,210 | +€5,763 | +1.9% |
| Equity | 10/15 | €233,871 | €246,761 | +€12,890 | +5.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €213,871 | €226,761 | +€12,890 | +6.0% |
| Distributable reserves | 133 | €213,871 | €226,761 | +€12,890 | +6.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,575 | €56,449 | -€7,127 | -11.2% |
| Amounts payable after more than one year | 17 | €25,774 | €13,544 | -€12,230 | -47.4% |
| Financial debts | 170/4 | €25,774 | €13,544 | -€12,230 | -47.4% |
| Amounts payable within one year | 42/48 | €13,678 | €19,570 | +€5,892 | +43.1% |
| Current portion of amounts payable after more than one year | 42 | €11,973 | €15,394 | +€3,421 | +28.6% |
| Trade debts | 44 | €1,689 | €911 | -€778 | -46.1% |
| Suppliers | 440/4 | €1,689 | €911 | -€778 | -46.1% |
| Taxes, remuneration and social security | 45 | €16 | €3,266 | +€3,250 | +20,401% |
| Taxes | 450/3 | €16 | €3,266 | +€3,250 | +20,401% |
| Accrued charges and deferred income | 492/3 | €24,123 | €23,334 | -€789 | -3.3% |
| Remuneration, social security and pensions | 62 | €24 | €0 | -€24 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,324 | €17,601 | -€723 | -3.9% |
| Other operating charges | 640/8 | €437 | €640 | +€202 | +46.3% |
| Non-recurring operating charges | 66A | €540 | €54 | -€486 | -90.0% |
| Gross operating margin | 9900 | €40,570 | €63,726 | +€23,157 | +57.1% |
| Operating profit (loss) | 9901 | €21,245 | €45,432 | +€24,187 | +114% |
| Financial income | 75/76B | €3,324 | €2,261 | -€1,063 | -32.0% |
| Recurring financial income | 75 | €3,324 | €2,261 | -€1,063 | -32.0% |
| Financial charges | 65/66B | €1,112 | €919 | -€193 | -17.4% |
| Recurring financial charges | 65 | €1,112 | €919 | -€193 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €23,457 | €46,774 | +€23,317 | +99.4% |
| Income taxes | 67/77 | €7,342 | €13,884 | +€6,542 | +89.1% |
| Profit (loss) for the period | 9904 | €16,114 | €32,890 | +€16,775 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €16,114 | €32,890 | +€16,775 | +104% |
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 14 October 2026 via checked.be.