Cor-Avvis: what changed
Two fiscal 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.
Cor-Avvis
Largest movements
- Receivables within one year +€14,349
up €14,349 (+17.4%), from €82,495 to €96,843
of which Trade receivables: +€14,349
- Cash +€9,314
up €9,314 (+388.3%), from €2,398 to €11,712
mainly Debts after one year (+€25,414) and Net result for the year (+€9,636)
- Tangible fixed assets -€4,616
down €4,616 (-2.1%), from €217,371 to €212,755
- Other debts -€27,005
down €27,005 (-97.0%), from €27,838 to €833
- Debts after one year +€25,414
up €25,414 (+22.0%), from €115,399 to €140,813
- Tax, wage and social debts +€9,622
up €9,622 (+34.6%), from €27,787 to €37,409
of which Remuneration and social security: +€8,498
- Reserves +€8,000
up €8,000 (+34.8%), from €23,000 to €31,000
- Trade debts +€5,831
up €5,831 (+66.5%), from €8,775 to €14,606
- Gross operating margin +€31,617
up €31,617 (+22.6%), from €139,647 to €171,263
- Staff costs +€22,895
up €22,895 (+19.8%), from €115,768 to €138,663
- Taxes +€6,783
up €6,783 (+153.2%), from €4,428 to €11,211
- Depreciation -€5,249
down €5,249 (-53.2%), from €9,865 to €4,616
- Write-downs -€3,587
new in 2025: -€3,587
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 | €308,715 | €325,385 | +€16,669 | +5.4% |
| Fixed assets | 21/28 | €217,371 | €212,755 | -€4,616 | -2.1% |
| Tangible fixed assets | 22/27 | €217,371 | €212,755 | -€4,616 | -2.1% |
| Land and buildings | 22 | €205,937 | €204,224 | -€1,714 | -0.8% |
| Plant, machinery and equipment | 23 | €1,448 | €378 | -€1,070 | -73.9% |
| Furniture and vehicles | 24 | €9,985 | €8,153 | -€1,832 | -18.3% |
| Current assets | 29/58 | €91,345 | €112,630 | +€21,285 | +23.3% |
| Amounts receivable within one year | 40/41 | €82,495 | €96,843 | +€14,349 | +17.4% |
| Trade receivables | 40 | €82,214 | €96,563 | +€14,349 | +17.5% |
| Other amounts receivable | 41 | €281 | €281 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,398 | €11,712 | +€9,314 | +388.3% |
| Deferred charges and accrued income | 490/1 | €6,452 | €4,075 | -€2,377 | -36.8% |
| Total equity and liabilities | 10/49 | €308,715 | €325,385 | +€16,669 | +5.4% |
| Equity | 10/15 | €105,834 | €114,637 | +€8,803 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,000 | €31,000 | +€8,000 | +34.8% |
| Distributable reserves | 133 | €23,000 | €31,000 | +€8,000 | +34.8% |
| Profit (loss) carried forward | 14 | €64,234 | €65,037 | +€803 | +1.2% |
| Amounts payable | 17/49 | €202,881 | €210,748 | +€7,867 | +3.9% |
| Amounts payable after more than one year | 17 | €115,399 | €140,813 | +€25,414 | +22.0% |
| Other amounts payable | 178/9 | €115,399 | €140,813 | +€25,414 | +22.0% |
| Amounts payable within one year | 42/48 | €86,435 | €69,567 | -€16,869 | -19.5% |
| Financial debts | 43 | €22,035 | €16,718 | -€5,317 | -24.1% |
| Credit institutions | 430/8 | €22,035 | €16,718 | -€5,317 | -24.1% |
| Trade debts | 44 | €8,775 | €14,606 | +€5,831 | +66.5% |
| Suppliers | 440/4 | €8,775 | €14,606 | +€5,831 | +66.5% |
| Taxes, remuneration and social security | 45 | €27,787 | €37,409 | +€9,622 | +34.6% |
| Taxes | 450/3 | €20,455 | €21,579 | +€1,124 | +5.5% |
| Remuneration and social security | 454/9 | €7,332 | €15,830 | +€8,498 | +115.9% |
| Other amounts payable | 47/48 | €27,838 | €833 | -€27,005 | -97.0% |
| Accrued charges and deferred income | 492/3 | €1,047 | €368 | -€679 | -64.8% |
| Remuneration, social security and pensions | 62 | €115,768 | €138,663 | +€22,895 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,865 | €4,616 | -€5,249 | -53.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€3,587 | -€3,587 | |
| Other operating charges | 640/8 | €3,421 | €2,093 | -€1,328 | -38.8% |
| Non-recurring operating charges | 66A | - | €7,174 | +€7,174 | |
| Gross operating margin | 9900 | €139,647 | €171,263 | +€31,617 | +22.6% |
| Operating profit (loss) | 9901 | €10,592 | €22,305 | +€11,712 | +110.6% |
| Financial income | 75/76B | €1,320 | €1,105 | -€215 | -16.3% |
| Recurring financial income | 75 | €1,320 | €1,105 | -€215 | -16.3% |
| Financial charges | 65/66B | €5,323 | €2,563 | -€2,760 | -51.9% |
| Recurring financial charges | 65 | €5,323 | €2,563 | -€2,760 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | €6,589 | €20,847 | +€14,257 | +216.4% |
| Income taxes | 67/77 | €4,428 | €11,211 | +€6,783 | +153.2% |
| Profit (loss) for the period | 9904 | €2,161 | €9,636 | +€7,475 | +345.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,161 | €9,636 | +€7,475 | +345.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.