CURBSTONE: 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.
CURBSTONE
Largest movements
- Cash +€400,559
up €400,559 (+53.4%), from €750,404 to €1.2m
mainly Accrued charges and deferred income (+€772,566) and Net result for the year (+€654,180)
- Deferred charges and accrued income +€360,918
up €360,918 (+104.5%), from €345,462 to €706,379
- Receivables within one year -€118,621
down €118,621 (-9.2%), from €1.3m to €1.2m
of which Trade receivables: -€248,625
- Intangible fixed assets +€112,387
up €112,387 (+347.8%), from €32,317 to €144,704
- Tangible fixed assets -€43,037
down €43,037 (-35.1%), from €122,519 to €79,483
- Accrued charges and deferred income +€772,566
up €772,566 (+118.5%), from €652,011 to €1.4m
- Trade debts -€213,925
down €213,925 (-47.4%), from €451,335 to €237,410
- Other debts +€200,000
up €200,000 (+50.0%), from €400,000 to €600,000
- Tax, wage and social debts -€86,427
down €86,427 (-32.1%), from €269,126 to €182,699
of which Taxes: -€120,749
- Profit (loss) carried forward +€54,180
up €54,180 (+8.7%), from €624,788 to €678,968
- Turnover +€502,761
up €502,761 (+7.5%), from €6.7m to €7.2m
- Gross operating margin +€410,859
up €410,859 (+31.9%), from €1.3m to €1.7m
- Staff costs +€172,359
up €172,359 (+35.1%), from €490,782 to €663,141
- Purchases and services +€123,468
up €123,468 (+2.2%), from €5.5m to €5.6m
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 | €2,546,018 | €3,258,224 | +€712,206 | +28.0% |
| Fixed assets | 21/28 | €154,836 | €224,187 | +€69,351 | +44.8% |
| Intangible fixed assets | 21 | €32,317 | €144,704 | +€112,387 | +347.8% |
| Tangible fixed assets | 22/27 | €122,519 | €79,483 | -€43,037 | -35.1% |
| Furniture and vehicles | 24 | €122,519 | €79,483 | -€43,037 | -35.1% |
| Current assets | 29/58 | €2,391,181 | €3,034,037 | +€642,856 | +26.9% |
| Amounts receivable within one year | 40/41 | €1,295,316 | €1,176,694 | -€118,621 | -9.2% |
| Trade receivables | 40 | €1,099,920 | €851,295 | -€248,625 | -22.6% |
| Other amounts receivable | 41 | €195,396 | €325,399 | +€130,003 | +66.5% |
| Cash at bank and in hand | 54/58 | €750,404 | €1,150,964 | +€400,559 | +53.4% |
| Deferred charges and accrued income | 490/1 | €345,462 | €706,379 | +€360,918 | +104.5% |
| Total equity and liabilities | 10/49 | €2,546,018 | €3,258,224 | +€712,206 | +28.0% |
| Equity | 10/15 | €734,788 | €788,968 | +€54,180 | +7.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €624,788 | €678,968 | +€54,180 | +8.7% |
| Amounts payable | 17/49 | €1,811,229 | €2,469,256 | +€658,026 | +36.3% |
| Amounts payable after more than one year | 17 | €11,716 | €4,377 | -€7,339 | -62.6% |
| Financial debts | 170/4 | €11,716 | €4,377 | -€7,339 | -62.6% |
| Amounts payable within one year | 42/48 | €1,147,503 | €1,040,302 | -€107,201 | -9.3% |
| Current portion of amounts payable after more than one year | 42 | €10,032 | €7,339 | -€2,693 | -26.8% |
| Trade debts | 44 | €451,335 | €237,410 | -€213,925 | -47.4% |
| Suppliers | 440/4 | €451,335 | €237,410 | -€213,925 | -47.4% |
| Advances received on contracts in progress | 46 | €17,010 | €12,854 | -€4,155 | -24.4% |
| Taxes, remuneration and social security | 45 | €269,126 | €182,699 | -€86,427 | -32.1% |
| Taxes | 450/3 | €226,646 | €105,896 | -€120,749 | -53.3% |
| Remuneration and social security | 454/9 | €42,481 | €76,802 | +€34,322 | +80.8% |
| Other amounts payable | 47/48 | €400,000 | €600,000 | +€200,000 | +50.0% |
| Accrued charges and deferred income | 492/3 | €652,011 | €1,424,577 | +€772,566 | +118.5% |
| Turnover | 70 | €6,693,384 | €7,196,145 | +€502,761 | +7.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €5,504,679 | €5,628,147 | +€123,468 | +2.2% |
| Remuneration, social security and pensions | 62 | €490,782 | €663,141 | +€172,359 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,044 | €80,016 | -€2,028 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,707 | +€16,707 | |
| Other operating charges | 640/8 | €2,298 | €9,176 | +€6,877 | +299.2% |
| Gross operating margin | 9900 | €1,287,029 | €1,697,889 | +€410,859 | +31.9% |
| Operating profit (loss) | 9901 | €711,905 | €928,849 | +€216,943 | +30.5% |
| Financial income | 75/76B | €6 | €221 | +€215 | +3842.0% |
| Recurring financial income | 75 | €6 | €221 | +€215 | +3842.0% |
| Financial charges | 65/66B | €3,986 | €16,960 | +€12,975 | +325.5% |
| Recurring financial charges | 65 | €3,986 | €16,960 | +€12,975 | +325.5% |
| Profit (loss) for the period before taxes | 9903 | €707,925 | €912,109 | +€204,184 | +28.8% |
| Income taxes | 67/77 | €198,646 | €257,929 | +€59,283 | +29.8% |
| Profit (loss) for the period | 9904 | €509,280 | €654,180 | +€144,900 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €509,280 | €654,180 | +€144,900 | +28.5% |
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 6 October 2026 via checked.be.