CUROSA: 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.
CUROSA
Largest movements
- Receivables within one year -€46,025
down €46,025 (-1.2%), from €3.7m to €3.7m
of which Other amounts receivable: -€26,665
- Provisions -€112,000
down €112,000 (-100.0%), from €112,000 to €0
- Profit (loss) carried forward +€66,277
up €66,277 (+5.8%), from €1.1m to €1.2m
- Provisions -€112,000
new in 2025: -€112,000
- Financial income +€25,767
up €25,767 (+74.8%), from €34,447 to €60,214
- Taxes -€1,265
down €1,265 (-100.0%), from €1,265 to €0
- Other operating charges -€962
down €962 (-44.8%), from €2,148 to €1,185
- Depreciation -€891
down €891 (-100.0%), from €891 to €0
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 | €4,136,138 | €4,090,278 | -€45,860 | -1.1% |
| Fixed assets | 21/28 | €409,600 | €409,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €409,600 | €409,600 | = | 0.0% |
| Current assets | 29/58 | €3,726,538 | €3,680,678 | -€45,860 | -1.2% |
| Amounts receivable within one year | 40/41 | €3,726,370 | €3,680,345 | -€46,025 | -1.2% |
| Trade receivables | 40 | €19,360 | €0 | -€19,360 | -100.0% |
| Other amounts receivable | 41 | €3,707,010 | €3,680,345 | -€26,665 | -0.7% |
| Cash at bank and in hand | 54/58 | €168 | €332 | +€165 | +98.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,136,138 | €4,090,278 | -€45,860 | -1.1% |
| Equity | 10/15 | €4,023,203 | €4,089,480 | +€66,277 | +1.6% |
| Contributions | 10/11 | €899,045 | €899,045 | = | 0.0% |
| Capital | 10 | €868,000 | €868,000 | = | 0.0% |
| Issued capital | 100 | €868,000 | €868,000 | = | 0.0% |
| Outside capital | 11 | €31,045 | €31,045 | = | 0.0% |
| Share premium | 1100/10 | €31,045 | €31,045 | = | 0.0% |
| Reserves | 13 | €1,990,016 | €1,990,016 | = | 0.0% |
| Non-distributable reserves | 130/1 | €123,886 | €123,886 | = | 0.0% |
| Legal reserve | 130 | €123,886 | €123,886 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,015 | €67,015 | = | 0.0% |
| Distributable reserves | 133 | €1,799,114 | €1,799,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,134,142 | €1,200,419 | +€66,277 | +5.8% |
| Provisions and deferred taxes | 16 | €112,000 | €0 | -€112,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €112,000 | €0 | -€112,000 | -100.0% |
| Other liabilities and charges | 164/5 | €112,000 | €0 | -€112,000 | -100.0% |
| Amounts payable | 17/49 | €935 | €798 | -€137 | -14.7% |
| Amounts payable within one year | 42/48 | €935 | €798 | -€137 | -14.7% |
| Trade debts | 44 | €137 | €0 | -€137 | -100.0% |
| Suppliers | 440/4 | €137 | €0 | -€137 | -100.0% |
| Taxes, remuneration and social security | 45 | €134 | €134 | = | 0.0% |
| Taxes | 450/3 | €134 | €134 | = | 0.0% |
| Other amounts payable | 47/48 | €664 | €664 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €891 | €0 | -€891 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€112,000 | -€112,000 | |
| Other operating charges | 640/8 | €2,148 | €1,185 | -€962 | -44.8% |
| Non-recurring operating charges | 66A | - | €100,000 | +€100,000 | |
| Gross operating margin | 9900 | -€2,631 | -€2,588 | +€44 | +1.7% |
| Operating profit (loss) | 9901 | -€5,670 | €8,227 | +€13,897 | |
| Financial income | 75/76B | €34,447 | €60,214 | +€25,767 | +74.8% |
| Recurring financial income | 75 | €34,447 | €60,214 | +€25,767 | +74.8% |
| Financial charges | 65/66B | €1,854 | €2,164 | +€310 | +16.7% |
| Recurring financial charges | 65 | €1,854 | €2,164 | +€310 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €26,923 | €66,277 | +€39,354 | +146.2% |
| Income taxes | 67/77 | €1,265 | €0 | -€1,265 | -100.0% |
| Profit (loss) for the period | 9904 | €25,658 | €66,277 | +€40,619 | +158.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,658 | €66,277 | +€40,619 | +158.3% |
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.