CURVE-O: 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-O
Largest movements
- Tangible fixed assets -€5,282
down €5,282 (-78.3%), from €6,744 to €1,462
- Receivables within one year -€1,368
down €1,368 (-57.7%), from €2,373 to €1,005
of which Other amounts receivable: -€764
- Cash +€1,151
up €1,151 (+21.2%), from €5,420 to €6,571
mainly Depreciation (+€5,282) and Net result for the year (+€1,967)
- Debts after one year -€4,128
down €4,128 (-100%), from €4,128 to €0
- Trade debts -€2,228
down €2,228 (-46.2%), from €4,820 to €2,592
- Current portion of long-term debt -€1,989
down €1,989 (-32.5%), from €6,117 to €4,128
- Reserves +€1,967
up €1,967 (+6.0%), from €32,811 to €34,778
of which Distributable reserves: +€1,967
- Other debts +€681
up €681 (+1,984%), from €34 to €715
- Gross operating margin -€5,041
down €5,041 (-40.0%), from €12,607 to €7,566
- Depreciation -€1,588
down €1,588 (-23.1%), from €6,870 to €5,282
- Financial income +€813
up €813 (+47,247%), from €2 to €814
- Taxes -€231
down €231 (-54.1%), from €428 to €197
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 | €54,538 | €49,038 | -€5,500 | -10.1% |
| Fixed assets | 21/28 | €6,744 | €1,462 | -€5,282 | -78.3% |
| Tangible fixed assets | 22/27 | €6,744 | €1,462 | -€5,282 | -78.3% |
| Plant, machinery and equipment | 23 | €6,744 | €1,462 | -€5,282 | -78.3% |
| Current assets | 29/58 | €47,794 | €47,576 | -€218 | -0.5% |
| Stocks and contracts in progress | 3 | €40,000 | €40,000 | = | 0.0% |
| Stocks | 30/36 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,373 | €1,005 | -€1,368 | -57.7% |
| Trade receivables | 40 | €1,103 | €499 | -€604 | -54.8% |
| Other amounts receivable | 41 | €1,270 | €506 | -€764 | -60.2% |
| Cash at bank and in hand | 54/58 | €5,420 | €6,571 | +€1,151 | +21.2% |
| Total equity and liabilities | 10/49 | €54,538 | €49,038 | -€5,500 | -10.1% |
| Equity | 10/15 | €39,011 | €40,978 | +€1,967 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,811 | €34,778 | +€1,967 | +6.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €32,191 | €34,158 | +€1,967 | +6.1% |
| Amounts payable | 17/49 | €15,527 | €8,060 | -€7,467 | -48.1% |
| Amounts payable after more than one year | 17 | €4,128 | €0 | -€4,128 | -100% |
| Financial debts | 170/4 | €4,128 | €0 | -€4,128 | -100% |
| Amounts payable within one year | 42/48 | €11,399 | €8,060 | -€3,340 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €6,117 | €4,128 | -€1,989 | -32.5% |
| Trade debts | 44 | €4,820 | €2,592 | -€2,228 | -46.2% |
| Suppliers | 440/4 | €4,820 | €2,592 | -€2,228 | -46.2% |
| Taxes, remuneration and social security | 45 | €428 | €625 | +€197 | +45.9% |
| Taxes | 450/3 | €428 | €625 | +€197 | +45.9% |
| Other amounts payable | 47/48 | €34 | €715 | +€681 | +1,984% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,870 | €5,282 | -€1,588 | -23.1% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €12,607 | €7,566 | -€5,041 | -40.0% |
| Operating profit (loss) | 9901 | €5,287 | €1,822 | -€3,465 | -65.5% |
| Financial income | 75/76B | €2 | €814 | +€813 | +47,247% |
| Recurring financial income | 75 | €2 | €814 | +€813 | +47,247% |
| Financial charges | 65/66B | €579 | €472 | -€106 | -18.4% |
| Recurring financial charges | 65 | €579 | €472 | -€106 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €4,710 | €2,164 | -€2,546 | -54.1% |
| Income taxes | 67/77 | €428 | €197 | -€231 | -54.1% |
| Profit (loss) for the period | 9904 | €4,282 | €1,967 | -€2,315 | -54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,282 | €1,967 | -€2,315 | -54.1% |
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 31 October 2026 via checked.be.