CURB: 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.
CURB
Largest movements
- Tangible fixed assets -€8,308
down €8,308 (-9.1%), from €91,384 to €83,076
- Cash -€5,983
down €5,983 (-11.9%), from €50,301 to €44,318
mainly Net result for the year (-€6,256) and Debts after one year (-€5,022)
- Receivables within one year -€2,417
down €2,417 (-46.1%), from €5,239 to €2,822
of which Trade receivables: -€4,840
- Profit (loss) carried forward -€6,256
down €6,256 (-57.4%), from €10,906 to €4,650
- Debts after one year -€5,022
down €5,022 (-6.1%), from €82,800 to €77,778
- Tax, wage and social debts -€2,161
down €2,161 (-52.2%), from €4,140 to €1,979
- Current portion of long-term debt -€2,118
down €2,118 (-22.6%), from €9,357 to €7,239
- Gross operating margin -€14,276
down €14,276 (-66.2%), from €21,572 to €7,296
- Taxes -€1,802
down €1,802 (-74.2%), from €2,428 to €626
- Depreciation -€371
down €371 (-4.3%), from €8,678 to €8,308
- Financial charges -€308
down €308 (-8.8%), from €3,482 to €3,174
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 | €147,022 | €130,216 | -€16,806 | -11.4% |
| Fixed assets | 21/28 | €91,384 | €83,076 | -€8,308 | -9.1% |
| Tangible fixed assets | 22/27 | €91,384 | €83,076 | -€8,308 | -9.1% |
| Land and buildings | 22 | €91,384 | €83,076 | -€8,308 | -9.1% |
| Current assets | 29/58 | €55,639 | €47,140 | -€8,498 | -15.3% |
| Amounts receivable within one year | 40/41 | €5,239 | €2,822 | -€2,417 | -46.1% |
| Trade receivables | 40 | €4,840 | - | -€4,840 | |
| Other amounts receivable | 41 | €399 | €2,822 | +€2,423 | +608.0% |
| Cash at bank and in hand | 54/58 | €50,301 | €44,318 | -€5,983 | -11.9% |
| Deferred charges and accrued income | 490/1 | €99 | - | -€99 | |
| Total equity and liabilities | 10/49 | €147,022 | €130,216 | -€16,806 | -11.4% |
| Equity | 10/15 | €48,595 | €42,339 | -€6,256 | -12.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €25,289 | €25,289 | = | 0.0% |
| Non-distributable reserves | 130/1 | €354 | €354 | = | 0.0% |
| Reserves not available under the articles | 1311 | €354 | €354 | = | 0.0% |
| Distributable reserves | 133 | €24,935 | €24,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,906 | €4,650 | -€6,256 | -57.4% |
| Amounts payable | 17/49 | €98,427 | €87,877 | -€10,550 | -10.7% |
| Amounts payable after more than one year | 17 | €82,800 | €77,778 | -€5,022 | -6.1% |
| Financial debts | 170/4 | €82,800 | €77,778 | -€5,022 | -6.1% |
| Amounts payable within one year | 42/48 | €15,627 | €10,099 | -€5,528 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €9,357 | €7,239 | -€2,118 | -22.6% |
| Trade debts | 44 | €2,130 | €881 | -€1,249 | -58.6% |
| Suppliers | 440/4 | €2,130 | €881 | -€1,249 | -58.6% |
| Taxes, remuneration and social security | 45 | €4,140 | €1,979 | -€2,161 | -52.2% |
| Taxes | 450/3 | €4,140 | €1,979 | -€2,161 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,678 | €8,308 | -€371 | -4.3% |
| Other operating charges | 640/8 | €1,400 | €1,444 | +€44 | +3.1% |
| Gross operating margin | 9900 | €21,572 | €7,296 | -€14,276 | -66.2% |
| Operating profit (loss) | 9901 | €11,494 | -€2,455 | -€13,949 | |
| Financial charges | 65/66B | €3,482 | €3,174 | -€308 | -8.8% |
| Recurring financial charges | 65 | €3,482 | €3,174 | -€308 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €8,012 | -€5,630 | -€13,641 | |
| Income taxes | 67/77 | €2,428 | €626 | -€1,802 | -74.2% |
| Profit (loss) for the period | 9904 | €5,583 | -€6,256 | -€11,839 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,583 | -€6,256 | -€11,839 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.