Curodak: what changed
What changed
Curodak
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€23,693
2024 · €83,823-€60,130
Equity
€74,016
2024 · €50,323+€23,693
Cash
€199,522
2024 · €92,470+€107,052
Balance sheet total
€717,325
2024 · €316,024+€401,301
Largest movements
Assets
- Cash +€107,052
up €107,052 (+116%), from €92,470 to €199,522
mainly Trade debts (+€194,817) and Short-term financial debts (+€95,000)
- Receivables within one year +€96,713
up €96,713 (+53.6%), from €180,269 to €276,983
of which Trade receivables: +€57,909
- Financial fixed assets +€93,650
new in 2025: €93,650
- Tangible fixed assets +€42,927
up €42,927 (+148%), from €28,912 to €71,839
of which Leasing and similar rights: +€34,107
- Stocks and contracts +€40,991
up €40,991 (+511%), from €8,024 to €49,015
Equity and liabilities
- Trade debts +€194,817
up €194,817 (+298%), from €65,396 to €260,213
- Short-term financial debts +€95,000
new in 2025: €95,000
- Debts after one year +€69,643
up €69,643 (+1,164%), from €5,982 to €75,626
- Other debts -€36,000
down €36,000 (-100%), from €36,000 to €0
- Advances received +€29,545
up €29,545 (+22.1%), from €133,717 to €163,262
Income statement
- Staff costs +€77,702
up €77,702 (+170%), from €45,802 to €123,504
- Gross operating margin +€46,035
up €46,035 (+31.7%), from €145,006 to €191,041
- Depreciation +€14,107
up €14,107 (+1,446%), from €976 to €15,083
- Other operating charges +€9,630
up €9,630 (+832%), from €1,158 to €10,788
- Financial charges +€9,044
up €9,044 (+705%), from €1,282 to €10,326
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€83,823
Gross operating margin
+€46,035
Staff costs
-€77,702
Depreciation
-€14,107
Other operating charges
-€9,630
Financial income
-€15
Financial charges
-€9,044
Taxes
+€4,334
Result 2025
€23,693
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€78,683
Investment
-€150,291
Financing
+€178,660
Cash 2024
€92,470
From operations (derived)
+€78,683
Net result for the year
+€23,693
Depreciation
+€15,083
Receivables after one year
-€12,000
Stocks and contracts
-€40,991
Receivables within one year
-€96,713
Deferred charges and accrued income
-€9,336
Trade debts
+€194,817
Tax, wage and social debts
+€8,661
Advances received
+€29,545
Other debts
-€36,000
Accrued charges and deferred income
+€1,926
Investment (derived)
-€150,291
Investment in fixed assets (net)
-€150,291
Financing
+€178,660
Debts after one year
+€69,643
Current portion of long-term debt
+€14,017
Short-term financial debts
+€95,000
Cash 2025
€199,522
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,024 | €717,325 | +€401,301 | +127% |
| Fixed assets | 21/28 | €32,658 | €167,866 | +€135,208 | +414% |
| Intangible fixed assets | 21 | €3,746 | €2,377 | -€1,369 | -36.5% |
| Tangible fixed assets | 22/27 | €28,912 | €71,839 | +€42,927 | +148% |
| Plant, machinery and equipment | 23 | €2,500 | €7,705 | +€5,206 | +208% |
| Furniture and vehicles | 24 | €17,892 | €23,216 | +€5,324 | +29.8% |
| Leasing and similar rights | 25 | - | €34,107 | +€34,107 | |
| Other tangible fixed assets | 26 | €8,520 | €6,811 | -€1,710 | -20.1% |
| Financial fixed assets | 28 | - | €93,650 | +€93,650 | |
| Current assets | 29/58 | €283,366 | €549,459 | +€266,093 | +93.9% |
| Amounts receivable after more than one year | 29 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 291 | - | €12,000 | +€12,000 | |
| Stocks and contracts in progress | 3 | €8,024 | €49,015 | +€40,991 | +511% |
| Stocks | 30/36 | €8,024 | €49,015 | +€40,991 | +511% |
| Amounts receivable within one year | 40/41 | €180,269 | €276,983 | +€96,713 | +53.6% |
| Trade receivables | 40 | €157,529 | €215,438 | +€57,909 | +36.8% |
| Other amounts receivable | 41 | €22,740 | €61,545 | +€38,804 | +171% |
| Cash at bank and in hand | 54/58 | €92,470 | €199,522 | +€107,052 | +116% |
| Deferred charges and accrued income | 490/1 | €2,603 | €11,940 | +€9,336 | +359% |
| Total equity and liabilities | 10/49 | €316,024 | €717,325 | +€401,301 | +127% |
| Equity | 10/15 | €50,323 | €74,016 | +€23,693 | +47.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €47,823 | €71,516 | +€23,693 | +49.5% |
| Distributable reserves | 133 | €47,823 | €71,516 | +€23,693 | +49.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €265,701 | €643,309 | +€377,608 | +142% |
| Amounts payable after more than one year | 17 | €5,982 | €75,626 | +€69,643 | +1,164% |
| Financial debts | 170/4 | €5,982 | €75,626 | +€69,643 | +1,164% |
| Amounts payable within one year | 42/48 | €259,719 | €565,758 | +€306,039 | +118% |
| Current portion of amounts payable after more than one year | 42 | €7,168 | €21,185 | +€14,017 | +196% |
| Financial debts | 43 | - | €95,000 | +€95,000 | |
| Credit institutions | 430/8 | - | €95,000 | +€95,000 | |
| Trade debts | 44 | €65,396 | €260,213 | +€194,817 | +298% |
| Suppliers | 440/4 | €65,396 | €260,213 | +€194,817 | +298% |
| Advances received on contracts in progress | 46 | €133,717 | €163,262 | +€29,545 | +22.1% |
| Taxes, remuneration and social security | 45 | €17,438 | €26,099 | +€8,661 | +49.7% |
| Taxes | 450/3 | €13,046 | €13,440 | +€394 | +3.0% |
| Remuneration and social security | 454/9 | €4,393 | €12,659 | +€8,266 | +188% |
| Other amounts payable | 47/48 | €36,000 | €0 | -€36,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €1,926 | +€1,926 | |
| Remuneration, social security and pensions | 62 | €45,802 | €123,504 | +€77,702 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €976 | €15,083 | +€14,107 | +1,446% |
| Other operating charges | 640/8 | €1,158 | €10,788 | +€9,630 | +832% |
| Gross operating margin | 9900 | €145,006 | €191,041 | +€46,035 | +31.7% |
| Operating profit (loss) | 9901 | €97,070 | €41,666 | -€55,405 | -57.1% |
| Financial income | 75/76B | €15 | €0 | -€15 | -100% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -100% |
| Financial charges | 65/66B | €1,282 | €10,326 | +€9,044 | +705% |
| Recurring financial charges | 65 | €1,282 | €10,326 | +€9,044 | +705% |
| Profit (loss) for the period before taxes | 9903 | €95,803 | €31,340 | -€64,464 | -67.3% |
| Income taxes | 67/77 | €11,981 | €7,647 | -€4,334 | -36.2% |
| Profit (loss) for the period | 9904 | €83,823 | €23,693 | -€60,130 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,823 | €23,693 | -€60,130 | -71.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.