CURDATO: 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.
CURDATO
Largest movements
- Cash -€66,146
down €66,146 (-57.6%), from €114,748 to €48,603
mainly Contributions, distributions and other (-€83,954) and Other debts (-€58,734)
- Receivables within one year -€47,875
down €47,875 (-75.0%), from €63,863 to €15,988
of which Trade receivables: -€60,500
- Tangible fixed assets -€27,966
down €27,966 (-4.2%), from €673,764 to €645,798
of which Leasing and similar rights: -€29,529
- Other debts -€58,734
down €58,734 (-17.1%), from €343,524 to €284,790
- Reserves -€47,816
down €47,816 (-11.8%), from €404,734 to €356,918
- Debts after one year -€23,713
down €23,713 (-3.6%), from €654,334 to €630,621
- Gross operating margin -€51,427
down €51,427 (-34.2%), from €150,373 to €98,946
- Taxes -€14,748
down €14,748 (-51.3%), from €28,728 to €13,980
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 | €1,449,555 | €1,307,632 | -€141,923 | -9.8% |
| Fixed assets | 21/28 | €1,270,764 | €1,242,798 | -€27,966 | -2.2% |
| Tangible fixed assets | 22/27 | €673,764 | €645,798 | -€27,966 | -4.2% |
| Leasing and similar rights | 25 | €657,019 | €627,490 | -€29,529 | -4.5% |
| Other tangible fixed assets | 26 | €16,745 | €18,307 | +€1,563 | +9.3% |
| Financial fixed assets | 28 | €597,000 | €597,000 | = | 0.0% |
| Current assets | 29/58 | €178,791 | €64,834 | -€113,957 | -63.7% |
| Amounts receivable within one year | 40/41 | €63,863 | €15,988 | -€47,875 | -75.0% |
| Trade receivables | 40 | €60,500 | - | -€60,500 | |
| Other amounts receivable | 41 | €3,363 | €15,988 | +€12,625 | +375% |
| Cash at bank and in hand | 54/58 | €114,748 | €48,603 | -€66,146 | -57.6% |
| Deferred charges and accrued income | 490/1 | €179 | €243 | +€64 | +35.9% |
| Total equity and liabilities | 10/49 | €1,449,555 | €1,307,632 | -€141,923 | -9.8% |
| Equity | 10/15 | €410,934 | €363,118 | -€47,816 | -11.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €404,734 | €356,918 | -€47,816 | -11.8% |
| Distributable reserves | 133 | €404,734 | €356,918 | -€47,816 | -11.8% |
| Amounts payable | 17/49 | €1,038,621 | €944,513 | -€94,108 | -9.1% |
| Amounts payable after more than one year | 17 | €654,334 | €630,621 | -€23,713 | -3.6% |
| Financial debts | 170/4 | €654,334 | €630,621 | -€23,713 | -3.6% |
| Amounts payable within one year | 42/48 | €384,287 | €313,893 | -€70,395 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €23,135 | €23,713 | +€578 | +2.5% |
| Trade debts | 44 | €260 | €1,861 | +€1,601 | +615% |
| Suppliers | 440/4 | €260 | €1,861 | +€1,601 | +615% |
| Taxes, remuneration and social security | 45 | €17,367 | €3,528 | -€13,839 | -79.7% |
| Taxes | 450/3 | €17,367 | €3,528 | -€13,839 | -79.7% |
| Other amounts payable | 47/48 | €343,524 | €284,790 | -€58,734 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,622 | €32,028 | +€406 | +1.3% |
| Other operating charges | 640/8 | €115 | €315 | +€200 | +174% |
| Gross operating margin | 9900 | €150,373 | €98,946 | -€51,427 | -34.2% |
| Operating profit (loss) | 9901 | €118,636 | €66,603 | -€52,033 | -43.9% |
| Financial income | 75/76B | €179 | €243 | +€64 | +35.9% |
| Recurring financial income | 75 | €179 | €243 | +€64 | +35.9% |
| Financial charges | 65/66B | €17,207 | €16,728 | -€479 | -2.8% |
| Recurring financial charges | 65 | €17,207 | €16,728 | -€479 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €101,608 | €50,118 | -€51,490 | -50.7% |
| Income taxes | 67/77 | €28,728 | €13,980 | -€14,748 | -51.3% |
| Profit (loss) for the period | 9904 | €72,880 | €36,138 | -€36,742 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €72,880 | €36,138 | -€36,742 | -50.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.