Dr. Brian Curtis: 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.
Dr. Brian Curtis
Largest movements
- Receivables within one year +€104,010
up €104,010 (+54,840%), from €190 to €104,200
- Tangible fixed assets +€6,654
new in 2025: €6,654
- Cash -€3,731
down €3,731 (-26.5%), from €14,078 to €10,347
mainly Receivables within one year (-€104,010) and Investment in fixed assets (net) (-€7,477)
- Deferred charges and accrued income +€1,933
up €1,933 (+34.4%), from €5,624 to €7,557
- Profit (loss) carried forward +€91,390
up €91,390 (+874%), from €10,458 to €101,848
- Tax, wage and social debts +€10,745
up €10,745 (+308%), from €3,486 to €14,231
- Short-term financial debts +€6,732
new in 2025: €6,732
- Gross operating margin +€99,680
up €99,680 (+639%), from €15,594 to €115,274
- Taxes +€21,624
up €21,624 (+620%), from €3,486 to €25,110
- Financial income +€3,669
new in 2025: €3,669
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 | €19,892 | €128,758 | +€108,866 | +547% |
| Fixed assets | 21/28 | - | €6,654 | +€6,654 | |
| Tangible fixed assets | 22/27 | - | €6,654 | +€6,654 | |
| Plant, machinery and equipment | 23 | - | €2,302 | +€2,302 | |
| Furniture and vehicles | 24 | - | €1,574 | +€1,574 | |
| Other tangible fixed assets | 26 | - | €2,778 | +€2,778 | |
| Current assets | 29/58 | €19,892 | €122,104 | +€102,212 | +514% |
| Amounts receivable within one year | 40/41 | €190 | €104,200 | +€104,010 | +54,840% |
| Other amounts receivable | 41 | €190 | €104,200 | +€104,010 | +54,840% |
| Cash at bank and in hand | 54/58 | €14,078 | €10,347 | -€3,731 | -26.5% |
| Deferred charges and accrued income | 490/1 | €5,624 | €7,557 | +€1,933 | +34.4% |
| Total equity and liabilities | 10/49 | €19,892 | €128,758 | +€108,866 | +547% |
| Equity | 10/15 | €12,458 | €103,848 | +€91,390 | +734% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,458 | €101,848 | +€91,390 | +874% |
| Amounts payable | 17/49 | €7,433 | €24,910 | +€17,477 | +235% |
| Amounts payable within one year | 42/48 | €7,433 | €24,910 | +€17,477 | +235% |
| Financial debts | 43 | - | €6,732 | +€6,732 | |
| Credit institutions | 430/8 | - | €6,732 | +€6,732 | |
| Trade debts | 44 | €3,947 | €3,088 | -€859 | -21.8% |
| Suppliers | 440/4 | €3,947 | €3,088 | -€859 | -21.8% |
| Taxes, remuneration and social security | 45 | €3,486 | €14,231 | +€10,745 | +308% |
| Taxes | 450/3 | €3,486 | €14,231 | +€10,745 | +308% |
| Other amounts payable | 47/48 | - | €859 | +€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,262 | €823 | -€439 | -34.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €15,594 | €115,274 | +€99,680 | +639% |
| Operating profit (loss) | 9901 | €13,945 | €114,051 | +€100,106 | +718% |
| Financial income | 75/76B | - | €3,669 | +€3,669 | |
| Recurring financial income | 75 | - | €3,669 | +€3,669 | |
| Financial charges | 65/66B | - | €361 | +€361 | |
| Recurring financial charges | 65 | - | €361 | +€361 | |
| Profit (loss) for the period before taxes | 9903 | €13,945 | €117,359 | +€103,414 | +742% |
| Income taxes | 67/77 | €3,486 | €25,110 | +€21,624 | +620% |
| Profit (loss) for the period | 9904 | €10,458 | €92,249 | +€81,790 | +782% |
| Profit (loss) for the period to be appropriated | 9905 | €10,458 | €92,249 | +€81,790 | +782% |
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 14 October 2026 via checked.be.