COR'BU: 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'BU
Largest movements
- Receivables within one year -€328,165
down €328,165 (-80.6%), from €407,007 to €78,841
of which Other amounts receivable: -€185,643
- Cash +€11,976
up €11,976 (+278%), from €4,307 to €16,283
mainly Receivables within one year (+€328,165) and Trade debts (+€41,375)
- Deferred charges and accrued income -€7,621
down €7,621 (-100%), from €7,621 to €0
- Reserves -€243,802
down €243,802 (-99.2%), from €245,802 to €2,000
of which Distributable reserves: -€243,802
- Profit (loss) carried forward -€141,212
down €141,212, from €39,698 to -€101,515
- Trade debts +€41,375
up €41,375 (+80.9%), from €51,166 to €92,541
- Other debts +€28,626
up €28,626 (+53.5%), from €53,472 to €82,098
- Tax, wage and social debts -€8,125
down €8,125 (-100%), from €8,125 to €0
- Financial charges +€343,151
up €343,151 (+1,467%), from €23,389 to €366,539
of which Financial charges: +€343,151
- Gross operating margin -€15,660
down €15,660 (-138%), from -€11,346 to -€27,006
- Other operating charges -€13,509
down €13,509 (-97.1%), from €13,919 to €411
- Financial income -€9,716
down €9,716 (-52.1%), from €18,658 to €8,942
- Taxes -€299
down €299 (-100%), from €299 to €0
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 | €418,935 | €95,125 | -€323,810 | -77.3% |
| Current assets | 29/58 | €418,935 | €95,125 | -€323,810 | -77.3% |
| Amounts receivable within one year | 40/41 | €407,007 | €78,841 | -€328,165 | -80.6% |
| Trade receivables | 40 | €188,426 | €45,904 | -€142,523 | -75.6% |
| Other amounts receivable | 41 | €218,580 | €32,938 | -€185,643 | -84.9% |
| Cash at bank and in hand | 54/58 | €4,307 | €16,283 | +€11,976 | +278% |
| Deferred charges and accrued income | 490/1 | €7,621 | €0 | -€7,621 | -100% |
| Total equity and liabilities | 10/49 | €418,935 | €95,125 | -€323,810 | -77.3% |
| Equity | 10/15 | €305,500 | -€79,515 | -€385,014 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €245,802 | €2,000 | -€243,802 | -99.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €243,802 | €0 | -€243,802 | -100% |
| Profit (loss) carried forward | 14 | €39,698 | -€101,515 | -€141,212 | |
| Amounts payable | 17/49 | €113,435 | €174,639 | +€61,204 | +54.0% |
| Amounts payable within one year | 42/48 | €112,763 | €174,639 | +€61,876 | +54.9% |
| Trade debts | 44 | €51,166 | €92,541 | +€41,375 | +80.9% |
| Suppliers | 440/4 | €51,166 | €92,541 | +€41,375 | +80.9% |
| Taxes, remuneration and social security | 45 | €8,125 | €0 | -€8,125 | -100% |
| Taxes | 450/3 | €8,125 | €0 | -€8,125 | -100% |
| Other amounts payable | 47/48 | €53,472 | €82,098 | +€28,626 | +53.5% |
| Accrued charges and deferred income | 492/3 | €672 | €0 | -€672 | -100% |
| Non-recurring operating income | 76A | €332 | €0 | -€332 | -100% |
| Other operating charges | 640/8 | €13,919 | €411 | -€13,509 | -97.1% |
| Gross operating margin | 9900 | -€11,346 | -€27,006 | -€15,660 | -138% |
| Operating profit (loss) | 9901 | -€25,266 | -€27,417 | -€2,151 | -8.5% |
| Financial income | 75/76B | €18,658 | €8,942 | -€9,716 | -52.1% |
| Recurring financial income | 75 | €18,658 | €8,942 | -€9,716 | -52.1% |
| Financial charges | 65/66B | €23,389 | €366,539 | +€343,151 | +1,467% |
| Recurring financial charges | 65 | €23,389 | €366,539 | +€343,151 | +1,467% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€29,997 | -€385,014 | -€355,018 | -1,184% |
| Income taxes | 67/77 | €299 | €0 | -€299 | -100% |
| Profit (loss) for the period | 9904 | -€30,295 | -€385,014 | -€354,719 | -1,171% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,295 | -€385,014 | -€354,719 | -1,171% |
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 14 October 2026 via checked.be.