CURISPHAR: 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.
CURISPHAR
Largest movements
- Cash +€21,811
up €21,811 (+94.7%), from €23,023 to €44,834
mainly Other debts (+€555,528) and Net result for the year (+€202,193)
- Other debts +€555,528
up €555,528 (+1,590%), from €34,937 to €590,465
- Reserves -€455,807
down €455,807 (-98.3%), from €463,561 to €7,754
- Debts after one year -€80,833
down €80,833 (-10.7%), from €755,347 to €674,513
- Gross operating margin +€64,098
up €64,098 (+28.0%), from €228,636 to €292,735
- Taxes +€19,146
up €19,146 (+37.7%), from €50,719 to €69,866
- Depreciation -€5,866
down €5,866 (-70.1%), from €8,374 to €2,508
- Financial charges -€3,358
down €3,358 (-17.0%), from €19,786 to €16,428
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 | €1,372,224 | €1,389,035 | +€16,811 | +1.2% |
| Fixed assets | 21/28 | €1,321,477 | €1,318,969 | -€2,508 | -0.2% |
| Tangible fixed assets | 22/27 | €6,293 | €3,785 | -€2,508 | -39.9% |
| Furniture and vehicles | 24 | €6,293 | €3,785 | -€2,508 | -39.9% |
| Financial fixed assets | 28 | €1,315,184 | €1,315,184 | = | 0.0% |
| Current assets | 29/58 | €50,747 | €70,066 | +€19,319 | +38.1% |
| Amounts receivable within one year | 40/41 | €25,786 | €23,431 | -€2,355 | -9.1% |
| Trade receivables | 40 | €21,506 | €19,017 | -€2,489 | -11.6% |
| Other amounts receivable | 41 | €4,281 | €4,415 | +€134 | +3.1% |
| Cash at bank and in hand | 54/58 | €23,023 | €44,834 | +€21,811 | +94.7% |
| Deferred charges and accrued income | 490/1 | €1,938 | €1,801 | -€137 | -7.1% |
| Total equity and liabilities | 10/49 | €1,372,224 | €1,389,035 | +€16,811 | +1.2% |
| Equity | 10/15 | €482,161 | €26,354 | -€455,807 | -94.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €463,561 | €7,754 | -€455,807 | -98.3% |
| Distributable reserves | 133 | €463,561 | €7,754 | -€455,807 | -98.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €890,063 | €1,362,681 | +€472,618 | +53.1% |
| Amounts payable after more than one year | 17 | €755,347 | €674,513 | -€80,833 | -10.7% |
| Financial debts | 170/4 | €755,347 | €674,513 | -€80,833 | -10.7% |
| Amounts payable within one year | 42/48 | €130,400 | €686,301 | +€555,900 | +426% |
| Current portion of amounts payable after more than one year | 42 | €81,391 | €80,833 | -€558 | -0.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,295 | €3,536 | -€759 | -17.7% |
| Suppliers | 440/4 | €4,295 | €3,536 | -€759 | -17.7% |
| Taxes, remuneration and social security | 45 | €9,777 | €11,466 | +€1,689 | +17.3% |
| Taxes | 450/3 | €9,777 | €10,164 | +€387 | +4.0% |
| Remuneration and social security | 454/9 | €0 | €1,302 | +€1,302 | |
| Other amounts payable | 47/48 | €34,937 | €590,465 | +€555,528 | +1,590% |
| Accrued charges and deferred income | 492/3 | €4,316 | €1,867 | -€2,449 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,374 | €2,508 | -€5,866 | -70.1% |
| Other operating charges | 640/8 | €1,687 | €1,741 | +€53 | +3.2% |
| Non-recurring operating charges | 66A | €93 | €0 | -€93 | -100% |
| Gross operating margin | 9900 | €228,636 | €292,735 | +€64,098 | +28.0% |
| Operating profit (loss) | 9901 | €218,482 | €288,486 | +€70,004 | +32.0% |
| Financial income | 75/76B | €42 | €0 | -€42 | -99.9% |
| Recurring financial income | 75 | €42 | €0 | -€42 | -99.9% |
| Financial charges | 65/66B | €19,786 | €16,428 | -€3,358 | -17.0% |
| Recurring financial charges | 65 | €19,786 | €16,428 | -€3,358 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €198,738 | €272,059 | +€73,320 | +36.9% |
| Income taxes | 67/77 | €50,719 | €69,866 | +€19,146 | +37.7% |
| Profit (loss) for the period | 9904 | €148,019 | €202,193 | +€54,174 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €148,019 | €202,193 | +€54,174 | +36.6% |
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.