Curvum Cubitum: 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.
Curvum Cubitum
Largest movements
- Tangible fixed assets +€312,174
up €312,174 (+23.0%), from €1.4m to €1.7m
of which Land and buildings: +€336,419
- Other debts +€385,061
up €385,061 (+94.0%), from €409,529 to €794,590
- Profit (loss) carried forward -€51,080
down €51,080 (-38.9%), from €131,279 to €80,199
- Debts after one year -€24,502
down €24,502 (-11.3%), from €216,498 to €191,995
- Gross operating margin -€169,970
down €169,970 (-83.6%), from €203,396 to €33,425
- Depreciation +€13,127
up €13,127 (+20.8%), from €63,122 to €76,249
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 | €1,377,779 | €1,685,318 | +€307,538 | +22.3% |
| Fixed assets | 21/28 | €1,358,238 | €1,670,412 | +€312,174 | +23.0% |
| Tangible fixed assets | 22/27 | €1,357,875 | €1,670,049 | +€312,174 | +23.0% |
| Land and buildings | 22 | €1,156,939 | €1,493,357 | +€336,419 | +29.1% |
| Plant, machinery and equipment | 23 | €196,790 | €173,401 | -€23,389 | -11.9% |
| Furniture and vehicles | 24 | €4,146 | €3,290 | -€856 | -20.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €19,542 | €14,906 | -€4,636 | -23.7% |
| Amounts receivable within one year | 40/41 | €15,942 | €11,798 | -€4,144 | -26.0% |
| Trade receivables | 40 | €15,942 | €11,798 | -€4,144 | -26.0% |
| Cash at bank and in hand | 54/58 | €3,600 | €2,150 | -€1,450 | -40.3% |
| Deferred charges and accrued income | 490/1 | - | €959 | +€959 | |
| Total equity and liabilities | 10/49 | €1,377,779 | €1,685,318 | +€307,538 | +22.3% |
| Equity | 10/15 | €718,079 | €666,999 | -€51,080 | -7.1% |
| Contributions | 10/11 | €583,800 | €583,800 | = | 0.0% |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,279 | €80,199 | -€51,080 | -38.9% |
| Amounts payable | 17/49 | €659,700 | €1,018,319 | +€358,619 | +54.4% |
| Amounts payable after more than one year | 17 | €216,498 | €191,995 | -€24,502 | -11.3% |
| Financial debts | 170/4 | €216,498 | €191,995 | -€24,502 | -11.3% |
| Amounts payable within one year | 42/48 | €443,202 | €826,323 | +€383,121 | +86.4% |
| Current portion of amounts payable after more than one year | 42 | €26,027 | €24,502 | -€1,525 | -5.9% |
| Trade debts | 44 | €1,962 | €1,707 | -€255 | -13.0% |
| Suppliers | 440/4 | €1,962 | €1,707 | -€255 | -13.0% |
| Taxes, remuneration and social security | 45 | €5,684 | €5,524 | -€160 | -2.8% |
| Taxes | 450/3 | €5,684 | €5,524 | -€160 | -2.8% |
| Other amounts payable | 47/48 | €409,529 | €794,590 | +€385,061 | +94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,122 | €76,249 | +€13,127 | +20.8% |
| Other operating charges | 640/8 | €6,254 | €4,974 | -€1,280 | -20.5% |
| Gross operating margin | 9900 | €203,396 | €33,425 | -€169,970 | -83.6% |
| Operating profit (loss) | 9901 | €134,020 | -€47,797 | -€181,817 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,601 | €3,283 | -€1,318 | -28.6% |
| Recurring financial charges | 65 | €4,601 | €3,283 | -€1,318 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €129,420 | -€51,080 | -€180,500 | |
| Income taxes | 67/77 | €60 | - | -€60 | |
| Profit (loss) for the period | 9904 | €129,360 | -€51,080 | -€180,440 | |
| Profit (loss) for the period to be appropriated | 9905 | €129,360 | -€51,080 | -€180,440 |
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 24 October 2026 via checked.be.