Curinges Estate: 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.
Curinges Estate
Largest movements
- Receivables within one year +€163,587
up €163,587 (+424%), from €38,556 to €202,143
of which Other amounts receivable: +€187,974
- Receivables after one year -€21,000
no longer reported in 2025 (was €21,000)
- Tangible fixed assets -€12,848
down €12,848 (-6.2%), from €206,944 to €194,096
- Profit (loss) carried forward +€128,715
new in 2025: €128,715
- Reserves -€45,000
down €45,000 (-14.3%), from €314,904 to €269,904
of which Distributable reserves: -€45,000
- Other debts +€37,300
new in 2025: €37,300
- Gross operating margin +€38,335
up €38,335 (+23.2%), from €165,268 to €203,603
- Taxes +€9,420
up €9,420 (+27.9%), from €33,758 to €43,178
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 | €506,369 | €627,850 | +€121,481 | +24.0% |
| Fixed assets | 21/28 | €206,944 | €194,096 | -€12,848 | -6.2% |
| Tangible fixed assets | 22/27 | €206,944 | €194,096 | -€12,848 | -6.2% |
| Land and buildings | 22 | €206,944 | €194,096 | -€12,848 | -6.2% |
| Current assets | 29/58 | €299,425 | €433,755 | +€134,329 | +44.9% |
| Amounts receivable after more than one year | 29 | €21,000 | - | -€21,000 | |
| Trade receivables | 290 | €21,000 | - | -€21,000 | |
| Amounts receivable within one year | 40/41 | €38,556 | €202,143 | +€163,587 | +424% |
| Trade receivables | 40 | €24,388 | - | -€24,388 | |
| Other amounts receivable | 41 | €14,169 | €202,143 | +€187,974 | +1,327% |
| Cash at bank and in hand | 54/58 | €236,308 | €231,612 | -€4,696 | -2.0% |
| Deferred charges and accrued income | 490/1 | €3,561 | - | -€3,561 | |
| Total equity and liabilities | 10/49 | €506,369 | €627,850 | +€121,481 | +24.0% |
| Equity | 10/15 | €500,824 | €584,539 | +€83,715 | +16.7% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €314,904 | €269,904 | -€45,000 | -14.3% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,576 | €23,576 | = | 0.0% |
| Distributable reserves | 133 | €272,736 | €227,736 | -€45,000 | -16.5% |
| Profit (loss) carried forward | 14 | - | €128,715 | +€128,715 | |
| Amounts payable | 17/49 | €5,545 | €43,312 | +€37,767 | +681% |
| Amounts payable within one year | 42/48 | €5,545 | €43,312 | +€37,767 | +681% |
| Trade debts | 44 | €1,787 | €3,312 | +€1,525 | +85.3% |
| Suppliers | 440/4 | €1,787 | €3,312 | +€1,525 | +85.3% |
| Taxes, remuneration and social security | 45 | €3,758 | €2,700 | -€1,058 | -28.2% |
| Taxes | 450/3 | €3,758 | €2,700 | -€1,058 | -28.2% |
| Other amounts payable | 47/48 | - | €37,300 | +€37,300 | |
| Non-recurring operating income | 76A | €14,288 | - | -€14,288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,850 | €12,848 | -€2 | 0.0% |
| Other operating charges | 640/8 | €18,096 | €19,037 | +€941 | +5.2% |
| Gross operating margin | 9900 | €165,268 | €203,603 | +€38,335 | +23.2% |
| Operating profit (loss) | 9901 | €134,322 | €171,718 | +€37,396 | +27.8% |
| Financial income | 75/76B | €815 | €955 | +€139 | +17.1% |
| Recurring financial income | 75 | €815 | €955 | +€139 | +17.1% |
| Financial charges | 65/66B | €790 | €780 | -€10 | -1.3% |
| Recurring financial charges | 65 | €790 | €780 | -€10 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €134,347 | €171,892 | +€37,545 | +27.9% |
| Income taxes | 67/77 | €33,758 | €43,178 | +€9,420 | +27.9% |
| Profit (loss) for the period | 9904 | €100,589 | €128,715 | +€28,125 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,589 | €128,715 | +€28,125 | +28.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.