COR-BO: 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.
COR-BO
Largest movements
- Cash +€575,466
up €575,466 (+9,686%), from €5,941 to €581,407
mainly Stocks and contracts (+€403,540) and Other debts (+€329,735)
- Stocks and contracts -€403,540
down €403,540 (-100.0%), from €403,594 to €54
- Receivables within one year -€67,151
down €67,151 (-46.7%), from €143,740 to €76,589
of which Other amounts receivable: -€86,773
- Tangible fixed assets -€26,820
down €26,820 (-20.1%), from €133,683 to €106,863
of which Furniture and vehicles: -€17,545
- Deferred charges and accrued income -€12,919
down €12,919 (-40.0%), from €32,287 to €19,368
- Other debts +€329,735
up €329,735 (+412%), from €80,000 to €409,735
- Current portion of long-term debt -€316,861
down €316,861 (-97.2%), from €326,107 to €9,246
- Trade debts +€41,673
up €41,673 (+91.1%), from €45,741 to €87,414
- Profit (loss) carried forward +€11,609
up €11,609 (+8.7%), from €132,723 to €144,332
- Debts after one year -€9,246
down €9,246 (-93.0%), from €9,938 to €692
- Gross operating margin +€109,017
up €109,017 (+50.0%), from €218,206 to €327,223
- Staff costs -€30,824
down €30,824 (-18.2%), from €169,802 to €138,978
- Taxes +€7,446
up €7,446 (+335%), from €2,225 to €9,671
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 | €719,245 | €784,281 | +€65,036 | +9.0% |
| Fixed assets | 21/28 | €133,683 | €106,863 | -€26,820 | -20.1% |
| Tangible fixed assets | 22/27 | €133,683 | €106,863 | -€26,820 | -20.1% |
| Land and buildings | 22 | €92,563 | €86,875 | -€5,688 | -6.1% |
| Plant, machinery and equipment | 23 | €10,385 | €6,798 | -€3,587 | -34.5% |
| Furniture and vehicles | 24 | €30,735 | €13,190 | -€17,545 | -57.1% |
| Current assets | 29/58 | €585,562 | €677,418 | +€91,856 | +15.7% |
| Stocks and contracts in progress | 3 | €403,594 | €54 | -€403,540 | -100.0% |
| Stocks | 30/36 | €403,594 | €54 | -€403,540 | -100.0% |
| Amounts receivable within one year | 40/41 | €143,740 | €76,589 | -€67,151 | -46.7% |
| Trade receivables | 40 | €21,532 | €41,154 | +€19,622 | +91.1% |
| Other amounts receivable | 41 | €122,208 | €35,435 | -€86,773 | -71.0% |
| Cash at bank and in hand | 54/58 | €5,941 | €581,407 | +€575,466 | +9,686% |
| Deferred charges and accrued income | 490/1 | €32,287 | €19,368 | -€12,919 | -40.0% |
| Total equity and liabilities | 10/49 | €719,245 | €784,281 | +€65,036 | +9.0% |
| Equity | 10/15 | €250,276 | €261,885 | +€11,609 | +4.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €97,553 | €97,553 | = | 0.0% |
| Distributable reserves | 133 | €97,553 | €97,553 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,723 | €144,332 | +€11,609 | +8.7% |
| Amounts payable | 17/49 | €468,969 | €522,396 | +€53,427 | +11.4% |
| Amounts payable after more than one year | 17 | €9,938 | €692 | -€9,246 | -93.0% |
| Financial debts | 170/4 | €9,938 | €692 | -€9,246 | -93.0% |
| Amounts payable within one year | 42/48 | €459,031 | €521,704 | +€62,673 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €326,107 | €9,246 | -€316,861 | -97.2% |
| Financial debts | 43 | €550 | €418 | -€132 | -24.0% |
| Credit institutions | 430/8 | €550 | €418 | -€132 | -24.0% |
| Trade debts | 44 | €45,741 | €87,414 | +€41,673 | +91.1% |
| Suppliers | 440/4 | €45,741 | €87,414 | +€41,673 | +91.1% |
| Taxes, remuneration and social security | 45 | €6,633 | €14,891 | +€8,258 | +124% |
| Taxes | 450/3 | €2,353 | €10,632 | +€8,279 | +352% |
| Remuneration and social security | 454/9 | €4,280 | €4,259 | -€21 | -0.5% |
| Other amounts payable | 47/48 | €80,000 | €409,735 | +€329,735 | +412% |
| Non-recurring operating income | 76A | €4,179 | €5,442 | +€1,263 | +30.2% |
| Remuneration, social security and pensions | 62 | €169,802 | €138,978 | -€30,824 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,661 | €24,326 | -€2,335 | -8.8% |
| Other operating charges | 640/8 | €3,059 | €1,292 | -€1,767 | -57.8% |
| Gross operating margin | 9900 | €218,206 | €327,223 | +€109,017 | +50.0% |
| Operating profit (loss) | 9901 | €18,684 | €162,627 | +€143,943 | +770% |
| Financial income | 75/76B | €43 | €628 | +€585 | +1,360% |
| Recurring financial income | 75 | €43 | €628 | +€585 | +1,360% |
| Financial charges | 65/66B | €19,289 | €21,975 | +€2,686 | +13.9% |
| Recurring financial charges | 65 | €19,289 | €21,975 | +€2,686 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | -€562 | €141,280 | +€141,842 | |
| Income taxes | 67/77 | €2,225 | €9,671 | +€7,446 | +335% |
| Profit (loss) for the period | 9904 | -€2,787 | €131,609 | +€134,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,787 | €131,609 | +€134,396 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.