CURATIO: 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.
CURATIO
Largest movements
- Cash -€86,770
down €86,770 (-59.3%), from €146,231 to €59,461
mainly Current investments (-€80,000) and Contributions, distributions and other (-€71,140)
- Current investments +€80,000
up €80,000 (+66.7%), from €120,000 to €200,000
- Tangible fixed assets +€58,210
up €58,210 (+2008.7%), from €2,898 to €61,108
of which Furniture and vehicles: +€58,944
- Receivables after one year -€18,210
down €18,210 (-15.9%), from €114,808 to €96,598
- Reserves +€43,217
up €43,217 (+12.4%), from €349,817 to €393,034
- Contributions -€12,400
down €12,400 (-100.0%), from €12,400 to €0
- Other debts +€12,351
up €12,351 (+26.6%), from €46,389 to €58,740
- Tax, wage and social debts -€6,233
down €6,233 (-41.7%), from €14,932 to €8,699
- Taxes -€16,048
down €16,048 (-28.6%), from €56,125 to €40,077
- Depreciation +€11,795
up €11,795 (+3875.4%), from €304 to €12,099
- Other operating charges -€3,654
down €3,654 (-68.9%), from €5,306 to €1,652
- Gross operating margin -€2,435
down €2,435 (-1.3%), from €189,037 to €186,601
- Financial income +€2,400
up €2,400 (+42.2%), from €5,687 to €8,087
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 | €425,451 | €460,552 | +€35,100 | +8.3% |
| Fixed assets | 21/28 | €2,898 | €61,108 | +€58,210 | +2008.7% |
| Tangible fixed assets | 22/27 | €2,898 | €61,108 | +€58,210 | +2008.7% |
| Plant, machinery and equipment | 23 | €2,898 | €2,164 | -€734 | -25.3% |
| Furniture and vehicles | 24 | €0 | €58,944 | +€58,944 | |
| Current assets | 29/58 | €422,553 | €399,444 | -€23,110 | -5.5% |
| Amounts receivable after more than one year | 29 | €114,808 | €96,598 | -€18,210 | -15.9% |
| Trade receivables | 290 | €114,808 | €96,598 | -€18,210 | -15.9% |
| Amounts receivable within one year | 40/41 | €40,564 | €42,473 | +€1,909 | +4.7% |
| Trade receivables | 40 | €40,564 | €19,352 | -€21,212 | -52.3% |
| Other amounts receivable | 41 | - | €23,121 | +€23,121 | |
| Current investments | 50/53 | €120,000 | €200,000 | +€80,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €146,231 | €59,461 | -€86,770 | -59.3% |
| Deferred charges and accrued income | 490/1 | €950 | €912 | -€38 | -4.0% |
| Total equity and liabilities | 10/49 | €425,451 | €460,552 | +€35,100 | +8.3% |
| Equity | 10/15 | €362,217 | €393,034 | +€30,817 | +8.5% |
| Contributions | 10/11 | €12,400 | €0 | -€12,400 | -100.0% |
| Reserves | 13 | €349,817 | €393,034 | +€43,217 | +12.4% |
| Distributable reserves | 133 | €349,817 | €393,034 | +€43,217 | +12.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €63,234 | €67,518 | +€4,283 | +6.8% |
| Amounts payable within one year | 42/48 | €63,234 | €67,518 | +€4,283 | +6.8% |
| Trade debts | 44 | €1,914 | €79 | -€1,835 | -95.9% |
| Suppliers | 440/4 | €1,914 | €79 | -€1,835 | -95.9% |
| Taxes, remuneration and social security | 45 | €14,932 | €8,699 | -€6,233 | -41.7% |
| Taxes | 450/3 | €14,932 | €8,699 | -€6,233 | -41.7% |
| Other amounts payable | 47/48 | €46,389 | €58,740 | +€12,351 | +26.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,952 | +€12,952 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €304 | €12,099 | +€11,795 | +3875.4% |
| Other operating charges | 640/8 | €5,306 | €1,652 | -€3,654 | -68.9% |
| Non-recurring operating charges | 66A | - | €38,790 | +€38,790 | |
| Gross operating margin | 9900 | €189,037 | €186,601 | -€2,435 | -1.3% |
| Operating profit (loss) | 9901 | €183,427 | €134,060 | -€49,366 | -26.9% |
| Financial income | 75/76B | €5,687 | €8,087 | +€2,400 | +42.2% |
| Recurring financial income | 75 | €5,687 | €8,087 | +€2,400 | +42.2% |
| Financial charges | 65/66B | €124 | €113 | -€11 | -9.1% |
| Recurring financial charges | 65 | €124 | €113 | -€11 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €188,990 | €142,034 | -€46,955 | -24.8% |
| Income taxes | 67/77 | €56,125 | €40,077 | -€16,048 | -28.6% |
| Profit (loss) for the period | 9904 | €132,865 | €101,957 | -€30,908 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €132,865 | €101,957 | -€30,908 | -23.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.