Curlok: 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.
Curlok
Largest movements
- Financial fixed assets +€250,000
up €250,000 (+11.5%), from €2.2m to €2.4m
- Cash +€110,046
up €110,046 (+3662.8%), from €3,004 to €113,050
mainly Other debts (+€602,247) and Current portion of long-term debt (+€7,073)
- Other debts +€602,247
up €602,247 (+500.8%), from €120,267 to €722,514
- Debts after one year -€159,673
down €159,673 (-11.9%), from €1.3m to €1.2m
- Reserves -€72,322
down €72,322 (-40.6%), from €178,259 to €105,937
- Financial income -€230,267
down €230,267 (-100.0%), from €230,267 to €0
- Gross operating margin -€28,005
down €28,005, from €25,223 to -€2,781
- Financial charges -€7,672
down €7,672 (-10.0%), from €76,981 to €69,309
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 | €2,183,398 | €2,543,761 | +€360,363 | +16.5% |
| Fixed assets | 21/28 | €2,180,127 | €2,430,127 | +€250,000 | +11.5% |
| Financial fixed assets | 28 | €2,180,127 | €2,430,127 | +€250,000 | +11.5% |
| Current assets | 29/58 | €3,271 | €113,634 | +€110,363 | +3373.9% |
| Amounts receivable within one year | 40/41 | - | €584 | +€584 | |
| Other amounts receivable | 41 | - | €584 | +€584 | |
| Cash at bank and in hand | 54/58 | €3,004 | €113,050 | +€110,046 | +3662.8% |
| Deferred charges and accrued income | 490/1 | €267 | €0 | -€267 | -100.0% |
| Total equity and liabilities | 10/49 | €2,183,398 | €2,543,761 | +€360,363 | +16.5% |
| Equity | 10/15 | €503,259 | €430,937 | -€72,322 | -14.4% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €178,259 | €105,937 | -€72,322 | -40.6% |
| Distributable reserves | 133 | €178,259 | €105,937 | -€72,322 | -40.6% |
| Amounts payable | 17/49 | €1,680,140 | €2,112,824 | +€432,685 | +25.8% |
| Amounts payable after more than one year | 17 | €1,343,630 | €1,183,957 | -€159,673 | -11.9% |
| Financial debts | 170/4 | €1,343,630 | €1,183,957 | -€159,673 | -11.9% |
| Amounts payable within one year | 42/48 | €307,740 | €910,957 | +€603,217 | +196.0% |
| Current portion of amounts payable after more than one year | 42 | €181,370 | €188,443 | +€7,073 | +3.9% |
| Taxes, remuneration and social security | 45 | €6,103 | €0 | -€6,103 | -100.0% |
| Taxes | 450/3 | €6,103 | €0 | -€6,103 | -100.0% |
| Other amounts payable | 47/48 | €120,267 | €722,514 | +€602,247 | +500.8% |
| Accrued charges and deferred income | 492/3 | €28,770 | €17,910 | -€10,859 | -37.7% |
| Other operating charges | 640/8 | €250 | €232 | -€18 | -7.3% |
| Gross operating margin | 9900 | €25,223 | -€2,781 | -€28,005 | |
| Operating profit (loss) | 9901 | €24,973 | -€3,013 | -€27,986 | |
| Financial income | 75/76B | €230,267 | €0 | -€230,267 | -100.0% |
| Recurring financial income | 75 | €230,267 | €0 | -€230,267 | -100.0% |
| Financial charges | 65/66B | €76,981 | €69,309 | -€7,672 | -10.0% |
| Recurring financial charges | 65 | €76,981 | €69,309 | -€7,672 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €178,259 | -€72,322 | -€250,581 | |
| Profit (loss) for the period | 9904 | €178,259 | -€72,322 | -€250,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €178,259 | -€72,322 | -€250,581 |
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 3 October 2026 via checked.be.