Thomas Curez: 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.
Thomas Curez
Largest movements
- Cash +€40,505
up €40,505 (+357%), from €11,362 to €51,867
mainly Other debts (+€31,171) and Receivables within one year (+€18,516)
- Receivables within one year -€18,516
down €18,516 (-22.0%), from €84,151 to €65,635
of which Trade receivables: -€15,013
- Other debts +€31,171
up €31,171 (+127%), from €24,631 to €55,802
- Profit (loss) carried forward +€15,157
up €15,157 (+46.4%), from €32,638 to €47,795
- Trade debts -€15,012
down €15,012 (-64.1%), from €23,415 to €8,402
- Advances received -€7,500
down €7,500 (-100%), from €7,500 to €0
- Tax, wage and social debts -€2,367
down €2,367 (-59.0%), from €4,013 to €1,646
of which Remuneration and social security: -€1,395
- Gross operating margin +€34,896
up €34,896, from -€14,823 to €20,073
- Staff costs -€5,394
down €5,394 (-82.7%), from €6,523 to €1,128
- Other operating charges +€1,274
up €1,274 (+156%), from €815 to €2,089
- Financial charges -€871
down €871 (-89.8%), from €970 to €99
- Depreciation -€605
down €605 (-26.1%), from €2,317 to €1,712
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 | €97,197 | €118,646 | +€21,449 | +22.1% |
| Fixed assets | 21/28 | €1,684 | €1,145 | -€540 | -32.0% |
| Tangible fixed assets | 22/27 | €1,603 | €1,063 | -€540 | -33.7% |
| Plant, machinery and equipment | 23 | €1,365 | €196 | -€1,168 | -85.6% |
| Furniture and vehicles | 24 | €238 | €867 | +€629 | +264% |
| Financial fixed assets | 28 | €81 | €81 | = | 0.0% |
| Current assets | 29/58 | €95,513 | €117,501 | +€21,989 | +23.0% |
| Amounts receivable within one year | 40/41 | €84,151 | €65,635 | -€18,516 | -22.0% |
| Trade receivables | 40 | €79,399 | €64,386 | -€15,013 | -18.9% |
| Other amounts receivable | 41 | €4,752 | €1,248 | -€3,504 | -73.7% |
| Cash at bank and in hand | 54/58 | €11,362 | €51,867 | +€40,505 | +357% |
| Total equity and liabilities | 10/49 | €97,197 | €118,646 | +€21,449 | +22.1% |
| Equity | 10/15 | €37,638 | €52,795 | +€15,157 | +40.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,638 | €47,795 | +€15,157 | +46.4% |
| Amounts payable | 17/49 | €59,559 | €65,851 | +€6,292 | +10.6% |
| Amounts payable within one year | 42/48 | €59,559 | €65,851 | +€6,292 | +10.6% |
| Trade debts | 44 | €23,415 | €8,402 | -€15,012 | -64.1% |
| Suppliers | 440/4 | €23,415 | €8,402 | -€15,012 | -64.1% |
| Advances received on contracts in progress | 46 | €7,500 | €0 | -€7,500 | -100% |
| Taxes, remuneration and social security | 45 | €4,013 | €1,646 | -€2,367 | -59.0% |
| Taxes | 450/3 | €2,461 | €1,489 | -€972 | -39.5% |
| Remuneration and social security | 454/9 | €1,552 | €157 | -€1,395 | -89.9% |
| Other amounts payable | 47/48 | €24,631 | €55,802 | +€31,171 | +127% |
| Non-recurring operating income | 76A | - | €10,877 | +€10,877 | |
| Remuneration, social security and pensions | 62 | €6,523 | €1,128 | -€5,394 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,317 | €1,712 | -€605 | -26.1% |
| Other operating charges | 640/8 | €815 | €2,089 | +€1,274 | +156% |
| Non-recurring operating charges | 66A | €4,919 | €0 | -€4,919 | -100% |
| Gross operating margin | 9900 | -€14,823 | €20,073 | +€34,896 | |
| Operating profit (loss) | 9901 | -€29,397 | €15,144 | +€44,541 | |
| Financial income | 75/76B | €10 | €117 | +€107 | +1,021% |
| Recurring financial income | 75 | €10 | €117 | +€107 | +1,021% |
| Financial charges | 65/66B | €970 | €99 | -€871 | -89.8% |
| Recurring financial charges | 65 | €970 | €99 | -€871 | -89.8% |
| Profit (loss) for the period before taxes | 9903 | -€30,356 | €15,162 | +€45,519 | |
| Income taxes | 67/77 | €465 | €5 | -€460 | -98.9% |
| Profit (loss) for the period | 9904 | -€30,821 | €15,157 | +€45,979 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,821 | €15,157 | +€45,979 |
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 21 October 2026 via checked.be.