CURAVET: 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.
CURAVET
Largest movements
- Tangible fixed assets +€888,390
up €888,390 (+484.8%), from €183,233 to €1.1m
of which Land and buildings: +€930,463
- Stocks and contracts +€314,287
up €314,287 (+42.0%), from €748,404 to €1.1m
- Receivables within one year +€197,124
up €197,124 (+8.4%), from €2.4m to €2.6m
of which Trade receivables: +€402,955
- Other debts +€960,000
up €960,000 (+78.4%), from €1.2m to €2.2m
- Debts after one year +€780,000
new in 2025: €780,000
- Trade debts -€692,007
down €692,007 (-57.9%), from €1.2m to €503,665
- Reserves +€194,807
up €194,807 (+11.8%), from €1.6m to €1.8m
of which Distributable reserves: +€194,807
- Current portion of long-term debt +€90,000
up €90,000, from €0 to €90,000
- Gross operating margin +€795,017
up €795,017 (+60.3%), from €1.3m to €2.1m
- Staff costs -€59,927
down €59,927 (-27.2%), from €220,604 to €160,676
- Financial charges -€22,623
down €22,623 (-18.5%), from €121,975 to €99,352
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 | €4,218,583 | €5,575,780 | +€1.4m | +32.2% |
| Fixed assets | 21/28 | €183,533 | €1,071,923 | +€888,390 | +484.0% |
| Tangible fixed assets | 22/27 | €183,233 | €1,071,623 | +€888,390 | +484.8% |
| Land and buildings | 22 | €57,141 | €987,604 | +€930,463 | +1628.4% |
| Plant, machinery and equipment | 23 | €72,463 | €48,984 | -€23,480 | -32.4% |
| Furniture and vehicles | 24 | €53,628 | €35,035 | -€18,593 | -34.7% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €4,035,050 | €4,503,857 | +€468,806 | +11.6% |
| Stocks and contracts in progress | 3 | €748,404 | €1,062,691 | +€314,287 | +42.0% |
| Stocks | 30/36 | €748,404 | €1,062,691 | +€314,287 | +42.0% |
| Amounts receivable within one year | 40/41 | €2,358,724 | €2,555,848 | +€197,124 | +8.4% |
| Trade receivables | 40 | €1,671,894 | €2,074,849 | +€402,955 | +24.1% |
| Other amounts receivable | 41 | €686,831 | €480,999 | -€205,831 | -30.0% |
| Cash at bank and in hand | 54/58 | €898,608 | €875,145 | -€23,462 | -2.6% |
| Deferred charges and accrued income | 490/1 | €29,314 | €10,172 | -€19,142 | -65.3% |
| Total equity and liabilities | 10/49 | €4,218,583 | €5,575,780 | +€1.4m | +32.2% |
| Equity | 10/15 | €1,723,933 | €1,918,741 | +€194,807 | +11.3% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €1,649,565 | €1,844,373 | +€194,807 | +11.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,649,565 | €1,844,373 | +€194,807 | +11.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,494,650 | €3,657,039 | +€1.2m | +46.6% |
| Amounts payable after more than one year | 17 | - | €780,000 | +€780,000 | |
| Financial debts | 170/4 | - | €780,000 | +€780,000 | |
| Amounts payable within one year | 42/48 | €2,429,107 | €2,825,930 | +€396,823 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €90,000 | +€90,000 | |
| Trade debts | 44 | €1,195,672 | €503,665 | -€692,007 | -57.9% |
| Suppliers | 440/4 | €1,195,672 | €503,665 | -€692,007 | -57.9% |
| Taxes, remuneration and social security | 45 | €9,635 | €48,465 | +€38,830 | +403.0% |
| Taxes | 450/3 | €0 | €31,708 | +€31,708 | |
| Remuneration and social security | 454/9 | €9,635 | €16,758 | +€7,122 | +73.9% |
| Other amounts payable | 47/48 | €1,223,800 | €2,183,800 | +€960,000 | +78.4% |
| Accrued charges and deferred income | 492/3 | €65,543 | €51,108 | -€14,434 | -22.0% |
| Non-recurring operating income | 76A | €15 | €495 | +€480 | +3184.7% |
| Remuneration, social security and pensions | 62 | €220,604 | €160,676 | -€59,927 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,788 | €78,675 | -€1,113 | -1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,199 | €4,033 | -€166 | -4.0% |
| Gross operating margin | 9900 | €1,318,004 | €2,113,020 | +€795,017 | +60.3% |
| Operating profit (loss) | 9901 | €1,013,413 | €1,869,636 | +€856,223 | +84.5% |
| Financial income | 75/76B | €17,605 | €6,653 | -€10,952 | -62.2% |
| Recurring financial income | 75 | €17,605 | €6,653 | -€10,952 | -62.2% |
| Financial charges | 65/66B | €121,975 | €99,352 | -€22,623 | -18.5% |
| Recurring financial charges | 65 | €121,975 | €99,352 | -€22,623 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €909,043 | €1,776,937 | +€867,894 | +95.5% |
| Income taxes | 67/77 | €93,039 | €73,329 | -€19,710 | -21.2% |
| Profit (loss) for the period | 9904 | €816,003 | €1,703,607 | +€887,604 | +108.8% |
| Profit (loss) for the period to be appropriated | 9905 | €816,003 | €1,703,607 | +€887,604 | +108.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.