Curarsi: 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.
Curarsi
Largest movements
- Receivables after one year +€138,000
new in 2025: €138,000
- Cash -€61,741
down €61,741 (-26.8%), from €230,088 to €168,347
mainly Contributions, distributions and other (-€308,000) and Receivables after one year (-€138,000)
- Deferred charges and accrued income +€10,134
up €10,134 (+33.0%), from €30,734 to €40,868
- Tangible fixed assets -€9,055
down €9,055 (-34.3%), from €26,361 to €17,306
of which Furniture and vehicles: -€8,726
- Other debts +€268,444
up €268,444 (+1,101%), from €24,392 to €292,836
- Profit (loss) carried forward -€245,178
down €245,178 (-100%), from €245,178 to €0
- Tax, wage and social debts +€58,690
up €58,690 (+8,151%), from €720 to €59,410
of which Taxes: +€48,303
- Current portion of long-term debt -€7,034
down €7,034 (-100%), from €7,034 to €0
- Depreciation -€4,591
down €4,591 (-29.2%), from €15,748 to €11,157
- Gross operating margin -€1,529
down €1,529 (-1.6%), from €96,725 to €95,196
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 | €289,634 | €364,521 | +€74,888 | +25.9% |
| Fixed assets | 21/28 | €26,361 | €17,306 | -€9,055 | -34.3% |
| Tangible fixed assets | 22/27 | €26,361 | €17,306 | -€9,055 | -34.3% |
| Plant, machinery and equipment | 23 | €14,767 | €14,439 | -€328 | -2.2% |
| Furniture and vehicles | 24 | €11,594 | €2,867 | -€8,726 | -75.3% |
| Current assets | 29/58 | €263,273 | €347,215 | +€83,942 | +31.9% |
| Amounts receivable after more than one year | 29 | - | €138,000 | +€138,000 | |
| Other amounts receivable | 291 | - | €138,000 | +€138,000 | |
| Amounts receivable within one year | 40/41 | €2,450 | €0 | -€2,450 | -100% |
| Other amounts receivable | 41 | €2,450 | €0 | -€2,450 | -100% |
| Cash at bank and in hand | 54/58 | €230,088 | €168,347 | -€61,741 | -26.8% |
| Deferred charges and accrued income | 490/1 | €30,734 | €40,868 | +€10,134 | +33.0% |
| Total equity and liabilities | 10/49 | €289,634 | €364,521 | +€74,888 | +25.9% |
| Equity | 10/15 | €255,178 | €10,504 | -€244,674 | -95.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €504 | +€504 | |
| Distributable reserves | 133 | - | €504 | +€504 | |
| Profit (loss) carried forward | 14 | €245,178 | €0 | -€245,178 | -100% |
| Amounts payable | 17/49 | €34,456 | €354,017 | +€319,562 | +927% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,456 | €354,017 | +€319,562 | +927% |
| Current portion of amounts payable after more than one year | 42 | €7,034 | €0 | -€7,034 | -100% |
| Trade debts | 44 | €2,309 | €1,772 | -€538 | -23.3% |
| Suppliers | 440/4 | €2,309 | €1,772 | -€538 | -23.3% |
| Taxes, remuneration and social security | 45 | €720 | €59,410 | +€58,690 | +8,151% |
| Taxes | 450/3 | €720 | €49,023 | +€48,303 | +6,709% |
| Remuneration and social security | 454/9 | €0 | €10,387 | +€10,387 | |
| Other amounts payable | 47/48 | €24,392 | €292,836 | +€268,444 | +1,101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,748 | €11,157 | -€4,591 | -29.2% |
| Other operating charges | 640/8 | €1,246 | €1,073 | -€173 | -13.9% |
| Gross operating margin | 9900 | €96,725 | €95,196 | -€1,529 | -1.6% |
| Operating profit (loss) | 9901 | €79,731 | €82,966 | +€3,235 | +4.1% |
| Financial income | 75/76B | €14 | €0 | -€14 | -99.9% |
| Recurring financial income | 75 | €14 | €0 | -€14 | -99.9% |
| Financial charges | 65/66B | €1,094 | €1,817 | +€723 | +66.1% |
| Recurring financial charges | 65 | €1,094 | €1,817 | +€723 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | €78,651 | €81,149 | +€2,498 | +3.2% |
| Income taxes | 67/77 | €17,550 | €17,823 | +€273 | +1.6% |
| Profit (loss) for the period | 9904 | €61,102 | €63,326 | +€2,224 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,102 | €63,326 | +€2,224 | +3.6% |
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 17 October 2026 via checked.be.