CURVE: 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.
CURVE
Largest movements
- Cash +€25,171
up €25,171 (+84.6%), from €29,755 to €54,926
mainly Provisions (+€153,540) and Depreciation (+€5,853)
- Deferred charges and accrued income +€16,775
up €16,775 (+1567.1%), from €1,070 to €17,846
- Current investments +€6,894
up €6,894 (+1.3%), from €511,590 to €518,483
- Provisions +€153,540
new in 2025: €153,540
- Profit (loss) carried forward -€102,302
down €102,302, from €81,353 to -€20,949
- Tax, wage and social debts -€6,436
down €6,436 (-43.5%), from €14,780 to €8,344
- Other operating charges +€138,311
up €138,311 (+853.9%), from €16,198 to €154,509
- Gross operating margin +€17,856
up €17,856 (+47.3%), from €37,744 to €55,599
- Taxes -€9,153
down €9,153 (-97.8%), from €9,355 to €201
- Depreciation +€5,408
up €5,408 (+1215.1%), from €445 to €5,853
- Financial income +€1,498
up €1,498 (+83.2%), from €1,800 to €3,298
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 | €571,730 | €616,840 | +€45,109 | +7.9% |
| Fixed assets | 21/28 | €16,813 | €17,204 | +€391 | +2.3% |
| Tangible fixed assets | 22/27 | €16,373 | €16,764 | +€391 | +2.4% |
| Plant, machinery and equipment | 23 | €223 | €84 | -€138 | -62.2% |
| Furniture and vehicles | 24 | €16,151 | €16,680 | +€529 | +3.3% |
| Financial fixed assets | 28 | €440 | €440 | = | 0.0% |
| Current assets | 29/58 | €554,917 | €599,636 | +€44,719 | +8.1% |
| Amounts receivable within one year | 40/41 | €12,502 | €8,381 | -€4,121 | -33.0% |
| Trade receivables | 40 | €12,502 | €8,169 | -€4,333 | -34.7% |
| Other amounts receivable | 41 | - | €212 | +€212 | |
| Current investments | 50/53 | €511,590 | €518,483 | +€6,894 | +1.3% |
| Cash at bank and in hand | 54/58 | €29,755 | €54,926 | +€25,171 | +84.6% |
| Deferred charges and accrued income | 490/1 | €1,070 | €17,846 | +€16,775 | +1567.1% |
| Total equity and liabilities | 10/49 | €571,730 | €616,840 | +€45,109 | +7.9% |
| Equity | 10/15 | €534,524 | €432,222 | -€102,302 | -19.1% |
| Contributions | 10/11 | €6,350 | €6,350 | = | 0.0% |
| Reserves | 13 | €446,820 | €446,820 | = | 0.0% |
| Distributable reserves | 133 | €446,820 | €446,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,353 | -€20,949 | -€102,302 | |
| Provisions and deferred taxes | 16 | - | €153,540 | +€153,540 | |
| Provisions for liabilities and charges | 160/5 | - | €153,540 | +€153,540 | |
| Other liabilities and charges | 164/5 | - | €153,540 | +€153,540 | |
| Amounts payable | 17/49 | €37,207 | €31,078 | -€6,129 | -16.5% |
| Amounts payable after more than one year | 17 | €21,496 | €18,101 | -€3,395 | -15.8% |
| Other amounts payable | 178/9 | €21,496 | €18,101 | -€3,395 | -15.8% |
| Amounts payable within one year | 42/48 | €15,711 | €12,977 | -€2,734 | -17.4% |
| Trade debts | 44 | €931 | €4,632 | +€3,701 | +397.6% |
| Suppliers | 440/4 | €931 | €4,632 | +€3,701 | +397.6% |
| Taxes, remuneration and social security | 45 | €14,780 | €8,344 | -€6,436 | -43.5% |
| Taxes | 450/3 | €14,780 | €8,344 | -€6,436 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €445 | €5,853 | +€5,408 | +1215.1% |
| Other operating charges | 640/8 | €16,198 | €154,509 | +€138,311 | +853.9% |
| Gross operating margin | 9900 | €37,744 | €55,599 | +€17,856 | +47.3% |
| Operating profit (loss) | 9901 | €21,100 | -€104,762 | -€125,863 | |
| Financial income | 75/76B | €1,800 | €3,298 | +€1,498 | +83.2% |
| Recurring financial income | 75 | €1,800 | €3,298 | +€1,498 | +83.2% |
| Financial charges | 65/66B | €1,170 | €636 | -€534 | -45.6% |
| Recurring financial charges | 65 | €1,170 | €636 | -€534 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €21,731 | -€102,100 | -€123,831 | |
| Income taxes | 67/77 | €9,355 | €201 | -€9,153 | -97.8% |
| Profit (loss) for the period | 9904 | €12,376 | -€102,302 | -€114,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,376 | -€102,302 | -€114,677 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.