CURTAIN TOUCH: 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.
CURTAIN TOUCH
Largest movements
- Cash +€25,433
up €25,433 (+62.3%), from €40,808 to €66,241
mainly Debts after one year (+€34,475) and Receivables within one year (+€18,188)
- Receivables within one year -€18,188
down €18,188 (-95.1%), from €19,128 to €940
of which Trade receivables: -€19,128
- Tangible fixed assets -€16,019
down €16,019 (-27.4%), from €58,401 to €42,382
- Stocks and contracts +€13,500
up €13,500 (+17.3%), from €78,063 to €91,563
- Debts after one year +€34,475
up €34,475 (+374%), from €9,230 to €43,705
- Other debts -€29,086
down €29,086 (-50.1%), from €58,086 to €28,999
- Profit (loss) carried forward +€3,688
up €3,688 (+6.6%), from €56,299 to €59,987
- Tax, wage and social debts -€3,605
down €3,605 (-16.9%), from €21,385 to €17,780
of which Remuneration and social security: -€5,900
- Gross operating margin -€19,006
down €19,006 (-31.3%), from €60,627 to €41,621
- Staff costs -€13,859
down €13,859 (-41.5%), from €33,411 to €19,552
- Depreciation +€5,698
up €5,698 (+55.2%), from €10,322 to €16,019
- Other operating charges -€3,527
down €3,527 (-76.7%), from €4,601 to €1,074
- Financial charges -€2,545
down €2,545 (-65.3%), from €3,895 to €1,350
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 | €196,401 | €201,126 | +€4,726 | +2.4% |
| Fixed assets | 21/28 | €58,401 | €42,382 | -€16,019 | -27.4% |
| Tangible fixed assets | 22/27 | €58,401 | €42,382 | -€16,019 | -27.4% |
| Plant, machinery and equipment | 23 | €58,401 | €42,382 | -€16,019 | -27.4% |
| Current assets | 29/58 | €137,999 | €158,744 | +€20,745 | +15.0% |
| Stocks and contracts in progress | 3 | €78,063 | €91,563 | +€13,500 | +17.3% |
| Stocks | 30/36 | €78,063 | €91,563 | +€13,500 | +17.3% |
| Amounts receivable within one year | 40/41 | €19,128 | €940 | -€18,188 | -95.1% |
| Trade receivables | 40 | €19,128 | - | -€19,128 | |
| Other amounts receivable | 41 | - | €940 | +€940 | |
| Cash at bank and in hand | 54/58 | €40,808 | €66,241 | +€25,433 | +62.3% |
| Total equity and liabilities | 10/49 | €196,401 | €201,126 | +€4,726 | +2.4% |
| Equity | 10/15 | €75,264 | €78,952 | +€3,688 | +4.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €365 | €365 | = | 0.0% |
| Non-distributable reserves | 130/1 | €365 | €365 | = | 0.0% |
| Legal reserve | 130 | €365 | €365 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,299 | €59,987 | +€3,688 | +6.6% |
| Amounts payable | 17/49 | €121,137 | €122,175 | +€1,038 | +0.9% |
| Amounts payable after more than one year | 17 | €9,230 | €43,705 | +€34,475 | +374% |
| Financial debts | 170/4 | €9,230 | €43,705 | +€34,475 | +374% |
| Amounts payable within one year | 42/48 | €111,907 | €78,469 | -€33,438 | -29.9% |
| Financial debts | 43 | €20,961 | €21,037 | +€76 | +0.4% |
| Credit institutions | 430/8 | €20,961 | €21,037 | +€76 | +0.4% |
| Trade debts | 44 | €11,475 | €10,654 | -€821 | -7.2% |
| Suppliers | 440/4 | €11,475 | €10,654 | -€821 | -7.2% |
| Taxes, remuneration and social security | 45 | €21,385 | €17,780 | -€3,605 | -16.9% |
| Taxes | 450/3 | €15,485 | €17,780 | +€2,294 | +14.8% |
| Remuneration and social security | 454/9 | €5,900 | - | -€5,900 | |
| Other amounts payable | 47/48 | €58,086 | €28,999 | -€29,086 | -50.1% |
| Remuneration, social security and pensions | 62 | €33,411 | €19,552 | -€13,859 | -41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,322 | €16,019 | +€5,698 | +55.2% |
| Other operating charges | 640/8 | €4,601 | €1,074 | -€3,527 | -76.7% |
| Gross operating margin | 9900 | €60,627 | €41,621 | -€19,006 | -31.3% |
| Operating profit (loss) | 9901 | €12,294 | €4,976 | -€7,318 | -59.5% |
| Financial income | 75/76B | €0 | €63 | +€62 | +62,490% |
| Recurring financial income | 75 | €0 | €63 | +€62 | +62,490% |
| Financial charges | 65/66B | €3,895 | €1,350 | -€2,545 | -65.3% |
| Recurring financial charges | 65 | €3,895 | €1,350 | -€2,545 | -65.3% |
| Profit (loss) for the period before taxes | 9903 | €8,399 | €3,688 | -€4,711 | -56.1% |
| Profit (loss) for the period | 9904 | €8,399 | €3,688 | -€4,711 | -56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,399 | €3,688 | -€4,711 | -56.1% |
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 19 October 2026 via checked.be.