CURTIUS: 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.
CURTIUS
Largest movements
- Receivables within one year +€39,566
up €39,566 (+43.4%), from €91,090 to €130,656
of which Other amounts receivable: +€35,600
- Tangible fixed assets +€19,769
new in 2025: €19,769
- Reserves +€32,871
up €32,871 (+9.1%), from €363,050 to €395,921
of which Distributable reserves: +€40,871
- Debts after one year +€15,235
new in 2025: €15,235
- Short-term financial debts +€10,401
new in 2025: €10,401
- Tax, wage and social debts +€5,880
up €5,880 (+27.5%), from €21,359 to €27,238
- Current portion of long-term debt -€5,763
down €5,763 (-55.5%), from €10,394 to €4,630
- Gross operating margin +€4,865
up €4,865 (+14.7%), from €33,004 to €37,869
- Financial income +€2,657
up €2,657 (+28.5%), from €9,310 to €11,967
- Taxes +€2,068
up €2,068 (+18.4%), from €11,223 to €13,291
- Other operating charges -€1,068
down €1,068 (-44.2%), from €2,415 to €1,347
- Depreciation +€475
new in 2025: €475
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 | €511,080 | €568,901 | +€57,821 | +11.3% |
| Fixed assets | 21/28 | €166,954 | €186,723 | +€19,769 | +11.8% |
| Tangible fixed assets | 22/27 | - | €19,769 | +€19,769 | |
| Leasing and similar rights | 25 | - | €19,769 | +€19,769 | |
| Financial fixed assets | 28 | €166,954 | €166,954 | = | 0.0% |
| Current assets | 29/58 | €344,126 | €382,178 | +€38,052 | +11.1% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €91,090 | €130,656 | +€39,566 | +43.4% |
| Trade receivables | 40 | €0 | €3,966 | +€3,966 | |
| Other amounts receivable | 41 | €91,090 | €126,690 | +€35,600 | +39.1% |
| Cash at bank and in hand | 54/58 | €2,810 | €1,473 | -€1,336 | -47.6% |
| Deferred charges and accrued income | 490/1 | €226 | €49 | -€178 | -78.4% |
| Total equity and liabilities | 10/49 | €511,080 | €568,901 | +€57,821 | +11.3% |
| Equity | 10/15 | €443,050 | €475,921 | +€32,871 | +7.4% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €363,050 | €395,921 | +€32,871 | +9.1% |
| Non-distributable reserves | 130/1 | €8,000 | €0 | -€8,000 | -100.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €8,000 | €0 | -€8,000 | -100.0% |
| Distributable reserves | 133 | €355,050 | €395,921 | +€40,871 | +11.5% |
| Amounts payable | 17/49 | €68,030 | €92,980 | +€24,950 | +36.7% |
| Amounts payable after more than one year | 17 | - | €15,235 | +€15,235 | |
| Financial debts | 170/4 | - | €15,235 | +€15,235 | |
| Amounts payable within one year | 42/48 | €68,030 | €77,745 | +€9,715 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €10,394 | €4,630 | -€5,763 | -55.5% |
| Financial debts | 43 | - | €10,401 | +€10,401 | |
| Credit institutions | 430/8 | - | €10,401 | +€10,401 | |
| Trade debts | 44 | €5,466 | €4,664 | -€802 | -14.7% |
| Suppliers | 440/4 | €5,466 | €4,664 | -€802 | -14.7% |
| Taxes, remuneration and social security | 45 | €21,359 | €27,238 | +€5,880 | +27.5% |
| Taxes | 450/3 | €21,359 | €27,238 | +€5,880 | +27.5% |
| Other amounts payable | 47/48 | €30,812 | €30,812 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €475 | +€475 | |
| Other operating charges | 640/8 | €2,415 | €1,347 | -€1,068 | -44.2% |
| Gross operating margin | 9900 | €33,004 | €37,869 | +€4,865 | +14.7% |
| Operating profit (loss) | 9901 | €30,589 | €36,047 | +€5,458 | +17.8% |
| Financial income | 75/76B | €9,310 | €11,967 | +€2,657 | +28.5% |
| Recurring financial income | 75 | €9,310 | €11,967 | +€2,657 | +28.5% |
| Financial charges | 65/66B | €1,796 | €1,852 | +€57 | +3.1% |
| Recurring financial charges | 65 | €1,796 | €1,852 | +€57 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €38,103 | €46,161 | +€8,058 | +21.1% |
| Income taxes | 67/77 | €11,223 | €13,291 | +€2,068 | +18.4% |
| Profit (loss) for the period | 9904 | €26,881 | €32,871 | +€5,990 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,881 | €32,871 | +€5,990 | +22.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.