CURAVALEAS: 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.
CURAVALEAS
Largest movements
- Cash -€25,383
down €25,383 (-37.7%), from €67,246 to €41,863
mainly Debts after one year (-€45,100) and Receivables within one year (-€24,892)
- Receivables within one year +€24,892
up €24,892 (+40.5%), from €61,435 to €86,327
of which Trade receivables: +€14,919
- Intangible fixed assets -€24,000
down €24,000 (-10.3%), from €233,951 to €209,951
- Tangible fixed assets -€11,175
down €11,175 (-5.2%), from €214,455 to €203,280
- Debts after one year -€45,100
down €45,100 (-10.0%), from €449,065 to €403,966
- Trade debts +€9,067
up €9,067 (+18.7%), from €48,513 to €57,579
- Other debts -€7,335
down €7,335 (-7.2%), from €102,267 to €94,932
- Gross operating margin +€148,246
up €148,246 (+216%), from €68,540 to €216,787
- Staff costs +€95,721
up €95,721 (+278%), from €34,401 to €130,122
- Depreciation +€34,928
up €34,928 (+301%), from €11,595 to €46,522
- Financial charges +€24,442
up €24,442 (+590%), from €4,142 to €28,585
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 | €679,475 | €650,626 | -€28,849 | -4.2% |
| Fixed assets | 21/28 | €448,405 | €413,231 | -€35,175 | -7.8% |
| Intangible fixed assets | 21 | €233,951 | €209,951 | -€24,000 | -10.3% |
| Tangible fixed assets | 22/27 | €214,455 | €203,280 | -€11,175 | -5.2% |
| Plant, machinery and equipment | 23 | €214,455 | €203,280 | -€11,175 | -5.2% |
| Current assets | 29/58 | €231,070 | €237,395 | +€6,325 | +2.7% |
| Stocks and contracts in progress | 3 | €95,139 | €99,207 | +€4,068 | +4.3% |
| Stocks | 30/36 | €95,139 | €99,207 | +€4,068 | +4.3% |
| Amounts receivable within one year | 40/41 | €61,435 | €86,327 | +€24,892 | +40.5% |
| Trade receivables | 40 | €61,112 | €76,031 | +€14,919 | +24.4% |
| Other amounts receivable | 41 | €323 | €10,296 | +€9,973 | +3,091% |
| Cash at bank and in hand | 54/58 | €67,246 | €41,863 | -€25,383 | -37.7% |
| Deferred charges and accrued income | 490/1 | €7,249 | €9,998 | +€2,748 | +37.9% |
| Total equity and liabilities | 10/49 | €679,475 | €650,626 | -€28,849 | -4.2% |
| Equity | 10/15 | €22,170 | €27,607 | +€5,437 | +24.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €12,170 | €17,607 | +€5,437 | +44.7% |
| Distributable reserves | 133 | €12,170 | €17,607 | +€5,437 | +44.7% |
| Amounts payable | 17/49 | €657,305 | €623,018 | -€34,286 | -5.2% |
| Amounts payable after more than one year | 17 | €449,065 | €403,966 | -€45,100 | -10.0% |
| Financial debts | 170/4 | €449,065 | €403,966 | -€45,100 | -10.0% |
| Amounts payable within one year | 42/48 | €207,326 | €212,607 | +€5,281 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €43,773 | €45,100 | +€1,327 | +3.0% |
| Trade debts | 44 | €48,513 | €57,579 | +€9,067 | +18.7% |
| Suppliers | 440/4 | €48,513 | €57,579 | +€9,067 | +18.7% |
| Taxes, remuneration and social security | 45 | €12,774 | €14,996 | +€2,222 | +17.4% |
| Taxes | 450/3 | €9,053 | - | -€9,053 | |
| Remuneration and social security | 454/9 | €3,722 | €14,996 | +€11,274 | +303% |
| Other amounts payable | 47/48 | €102,267 | €94,932 | -€7,335 | -7.2% |
| Accrued charges and deferred income | 492/3 | €913 | €6,446 | +€5,532 | +606% |
| Remuneration, social security and pensions | 62 | €34,401 | €130,122 | +€95,721 | +278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,595 | €46,522 | +€34,928 | +301% |
| Other operating charges | 640/8 | €1,463 | €1,875 | +€412 | +28.2% |
| Non-recurring operating charges | 66A | - | €327 | +€327 | |
| Gross operating margin | 9900 | €68,540 | €216,787 | +€148,246 | +216% |
| Operating profit (loss) | 9901 | €21,081 | €37,939 | +€16,858 | +80.0% |
| Financial income | 75/76B | €354 | €1,551 | +€1,197 | +338% |
| Recurring financial income | 75 | €354 | €1,551 | +€1,197 | +338% |
| Financial charges | 65/66B | €4,142 | €28,585 | +€24,442 | +590% |
| Recurring financial charges | 65 | €4,142 | €28,585 | +€24,442 | +590% |
| Profit (loss) for the period before taxes | 9903 | €17,293 | €10,906 | -€6,387 | -36.9% |
| Income taxes | 67/77 | €5,123 | €5,469 | +€346 | +6.8% |
| Profit (loss) for the period | 9904 | €12,170 | €5,437 | -€6,733 | -55.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,170 | €5,437 | -€6,733 | -55.3% |
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 15 October 2026 via checked.be.