CuReMa: 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.
CuReMa
Largest movements
- Current investments +€422,900
up €422,900 (+935.2%), from €45,220 to €468,120
- Cash -€395,714
down €395,714 (-78.1%), from €506,845 to €111,130
mainly Current investments (-€422,900) and Contributions, distributions and other (-€131,565)
- Tangible fixed assets -€28,271
down €28,271 (-20.0%), from €141,040 to €112,770
- Receivables within one year -€16,568
down €16,568 (-23.3%), from €71,108 to €54,540
of which Other amounts receivable: -€11,506
- Reserves -€17,665
down €17,665 (-2.6%), from €690,453 to €672,789
of which Distributable reserves: -€17,665
- Tax, wage and social debts +€8,093
up €8,093 (+46.8%), from €17,289 to €25,382
of which Taxes: +€8,093
- Trade debts -€7,791
down €7,791 (-58.2%), from €13,398 to €5,607
- Gross operating margin +€33,443
up €33,443 (+21.7%), from €154,202 to €187,645
- Taxes +€12,246
up €12,246 (+34.1%), from €35,936 to €48,182
- Financial income +€10,794
new in 2025: €10,794
- Other operating charges +€3,333
up €3,333 (+138.3%), from €2,410 to €5,743
- Depreciation -€2,753
down €2,753 (-8.6%), from €32,155 to €29,402
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 | €770,038 | €752,598 | -€17,441 | -2.3% |
| Fixed assets | 21/28 | €141,340 | €113,070 | -€28,271 | -20.0% |
| Tangible fixed assets | 22/27 | €141,040 | €112,770 | -€28,271 | -20.0% |
| Land and buildings | 22 | €35,401 | €29,979 | -€5,422 | -15.3% |
| Furniture and vehicles | 24 | €34,312 | €21,593 | -€12,719 | -37.1% |
| Other tangible fixed assets | 26 | €71,328 | €61,199 | -€10,129 | -14.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €628,698 | €639,528 | +€10,830 | +1.7% |
| Amounts receivable within one year | 40/41 | €71,108 | €54,540 | -€16,568 | -23.3% |
| Trade receivables | 40 | €59,603 | €54,540 | -€5,063 | -8.5% |
| Other amounts receivable | 41 | €11,506 | - | -€11,506 | |
| Current investments | 50/53 | €45,220 | €468,120 | +€422,900 | +935.2% |
| Cash at bank and in hand | 54/58 | €506,845 | €111,130 | -€395,714 | -78.1% |
| Deferred charges and accrued income | 490/1 | €5,525 | €5,737 | +€213 | +3.9% |
| Total equity and liabilities | 10/49 | €770,038 | €752,598 | -€17,441 | -2.3% |
| Equity | 10/15 | €709,636 | €691,971 | -€17,665 | -2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €690,453 | €672,789 | -€17,665 | -2.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €688,593 | €670,929 | -€17,665 | -2.6% |
| Profit (loss) carried forward | 14 | €583 | €583 | = | 0.0% |
| Amounts payable | 17/49 | €60,402 | €60,626 | +€224 | +0.4% |
| Amounts payable within one year | 42/48 | €60,402 | €60,626 | +€224 | +0.4% |
| Trade debts | 44 | €13,398 | €5,607 | -€7,791 | -58.2% |
| Suppliers | 440/4 | €13,398 | €5,607 | -€7,791 | -58.2% |
| Taxes, remuneration and social security | 45 | €17,289 | €25,382 | +€8,093 | +46.8% |
| Taxes | 450/3 | €14,651 | €22,744 | +€8,093 | +55.2% |
| Remuneration and social security | 454/9 | €2,638 | €2,638 | = | 0.0% |
| Other amounts payable | 47/48 | €29,715 | €29,638 | -€77 | -0.3% |
| Non-recurring operating income | 76A | €821 | €1,087 | +€266 | +32.4% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,155 | €29,402 | -€2,753 | -8.6% |
| Other operating charges | 640/8 | €2,410 | €5,743 | +€3,333 | +138.3% |
| Gross operating margin | 9900 | €154,202 | €187,645 | +€33,443 | +21.7% |
| Operating profit (loss) | 9901 | €119,249 | €152,101 | +€32,851 | +27.5% |
| Financial income | 75/76B | - | €10,794 | +€10,794 | |
| Recurring financial income | 75 | - | €10,794 | +€10,794 | |
| Financial charges | 65/66B | €933 | €812 | -€120 | -12.9% |
| Recurring financial charges | 65 | €933 | €812 | -€120 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €118,317 | €162,082 | +€43,766 | +37.0% |
| Income taxes | 67/77 | €35,936 | €48,182 | +€12,246 | +34.1% |
| Profit (loss) for the period | 9904 | €82,381 | €113,901 | +€31,520 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,381 | €113,901 | +€31,520 | +38.3% |
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 7 October 2026 via checked.be.