CURAXIS: 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.
CURAXIS
Largest movements
- Cash -€70,932
down €70,932 (-77.8%), from €91,211 to €20,280
mainly Contributions, distributions and other (-€86,820) and Debts after one year (-€48,756)
- Receivables after one year -€50,000
down €50,000 (-28.6%), from €175,000 to €125,000
- Tangible fixed assets -€32,393
down €32,393 (-24.5%), from €132,309 to €99,916
of which Land and buildings: -€33,824
- Deferred charges and accrued income +€30,000
new in 2025: €30,000
- Receivables within one year +€18,375
up €18,375 (+58.3%), from €31,500 to €49,875
- Reserves -€80,832
down €80,832 (-27.2%), from €297,232 to €216,401
- Debts after one year -€48,756
down €48,756 (-60.4%), from €80,714 to €31,958
- Current portion of long-term debt +€24,983
new in 2025: €24,983
- Trade debts +€13,057
up €13,057 (+223%), from €5,850 to €18,907
- Tax, wage and social debts -€10,129
down €10,129 (-61.7%), from €16,424 to €6,295
- Gross operating margin -€22,607
down €22,607 (-17.5%), from €128,940 to €106,333
- Other operating charges +€20,779
up €20,779 (+660%), from €3,146 to €23,925
- Taxes -€10,020
down €10,020 (-61.0%), from €16,424 to €6,404
- Staff costs -€5,827
down €5,827 (-20.3%), from €28,673 to €22,846
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 | €433,320 | €328,370 | -€104,950 | -24.2% |
| Fixed assets | 21/28 | €135,609 | €103,216 | -€32,393 | -23.9% |
| Tangible fixed assets | 22/27 | €132,309 | €99,916 | -€32,393 | -24.5% |
| Land and buildings | 22 | €67,647 | €33,824 | -€33,824 | -50.0% |
| Plant, machinery and equipment | 23 | €17,773 | €14,898 | -€2,875 | -16.2% |
| Furniture and vehicles | 24 | €46,889 | €51,194 | +€4,306 | +9.2% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €297,711 | €225,155 | -€72,557 | -24.4% |
| Amounts receivable after more than one year | 29 | €175,000 | €125,000 | -€50,000 | -28.6% |
| Other amounts receivable | 291 | €175,000 | €125,000 | -€50,000 | -28.6% |
| Amounts receivable within one year | 40/41 | €31,500 | €49,875 | +€18,375 | +58.3% |
| Trade receivables | 40 | €31,500 | €49,875 | +€18,375 | +58.3% |
| Cash at bank and in hand | 54/58 | €91,211 | €20,280 | -€70,932 | -77.8% |
| Deferred charges and accrued income | 490/1 | - | €30,000 | +€30,000 | |
| Total equity and liabilities | 10/49 | €433,320 | €328,370 | -€104,950 | -24.2% |
| Equity | 10/15 | €315,832 | €235,001 | -€80,832 | -25.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €297,232 | €216,401 | -€80,832 | -27.2% |
| Distributable reserves | 133 | €297,232 | €216,401 | -€80,832 | -27.2% |
| Amounts payable | 17/49 | €117,488 | €93,370 | -€24,118 | -20.5% |
| Amounts payable after more than one year | 17 | €80,714 | €31,958 | -€48,756 | -60.4% |
| Financial debts | 170/4 | €80,714 | €31,958 | -€48,756 | -60.4% |
| Amounts payable within one year | 42/48 | €26,869 | €53,507 | +€26,638 | +99.1% |
| Current portion of amounts payable after more than one year | 42 | - | €24,983 | +€24,983 | |
| Trade debts | 44 | €5,850 | €18,907 | +€13,057 | +223% |
| Suppliers | 440/4 | €5,850 | €18,907 | +€13,057 | +223% |
| Taxes, remuneration and social security | 45 | €16,424 | €6,295 | -€10,129 | -61.7% |
| Taxes | 450/3 | €16,424 | €6,295 | -€10,129 | -61.7% |
| Other amounts payable | 47/48 | €4,595 | €3,321 | -€1,273 | -27.7% |
| Accrued charges and deferred income | 492/3 | €9,905 | €7,905 | -€2,000 | -20.2% |
| Remuneration, social security and pensions | 62 | €28,673 | €22,846 | -€5,827 | -20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,251 | €43,500 | -€751 | -1.7% |
| Other operating charges | 640/8 | €3,146 | €23,925 | +€20,779 | +660% |
| Gross operating margin | 9900 | €128,940 | €106,333 | -€22,607 | -17.5% |
| Operating profit (loss) | 9901 | €52,869 | €16,062 | -€36,808 | -69.6% |
| Financial income | 75/76B | €4 | €543 | +€539 | +12,611% |
| Recurring financial income | 75 | €4 | €543 | +€539 | +12,611% |
| Financial charges | 65/66B | €5,144 | €4,212 | -€932 | -18.1% |
| Recurring financial charges | 65 | €5,144 | €4,212 | -€932 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €47,730 | €12,392 | -€35,338 | -74.0% |
| Income taxes | 67/77 | €16,424 | €6,404 | -€10,020 | -61.0% |
| Profit (loss) for the period | 9904 | €31,306 | €5,988 | -€25,318 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,306 | €5,988 | -€25,318 | -80.9% |
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 18 October 2026 via checked.be.