COR & CO: 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 & CO
Largest movements
- Receivables within one year +€2.6m
up €2.6m (+9319.3%), from €27,565 to €2.6m
of which Trade receivables: +€1.5m
- Financial fixed assets -€793,800
no longer reported in 2025 (was €793,800)
- Cash +€783,098
up €783,098 (+3465.9%), from €22,594 to €805,692
mainly Net result for the year (+€2.3m) and Investment in fixed assets (net) (+€1.1m)
- Tangible fixed assets -€324,802
down €324,802 (-48.4%), from €671,377 to €346,576
of which Land and buildings: -€336,960
- Reserves +€2.3m
up €2.3m (+325.2%), from €698,073 to €3.0m
of which Distributable reserves: +€2.3m
- Debts after one year -€59,088
down €59,088 (-10.0%), from €589,733 to €530,645
of which Financial debts: -€59,088
- Trade debts +€57,403
up €57,403 (+6259.6%), from €917 to €58,320
- Gross operating margin +€2.1m
up €2.1m (+1239.6%), from €172,801 to €2.3m
- Other operating charges -€36,588
down €36,588 (-82.1%), from €44,581 to €7,994
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 | €1,517,537 | €3,755,411 | +€2.2m | +147.5% |
| Fixed assets | 21/28 | €1,465,177 | €346,576 | -€1.1m | -76.3% |
| Tangible fixed assets | 22/27 | €671,377 | €346,576 | -€324,802 | -48.4% |
| Land and buildings | 22 | €669,430 | €332,470 | -€336,960 | -50.3% |
| Furniture and vehicles | 24 | €1,948 | €14,106 | +€12,158 | +624.2% |
| Financial fixed assets | 28 | €793,800 | - | -€793,800 | |
| Current assets | 29/58 | €52,360 | €3,408,835 | +€3.4m | +6410.4% |
| Amounts receivable within one year | 40/41 | €27,565 | €2,596,415 | +€2.6m | +9319.3% |
| Trade receivables | 40 | €17,465 | €1,494,413 | +€1.5m | +8456.5% |
| Other amounts receivable | 41 | €10,100 | €1,102,002 | +€1.1m | +10811.4% |
| Cash at bank and in hand | 54/58 | €22,594 | €805,692 | +€783,098 | +3465.9% |
| Deferred charges and accrued income | 490/1 | €2,201 | €6,727 | +€4,527 | +205.7% |
| Total equity and liabilities | 10/49 | €1,517,537 | €3,755,411 | +€2.2m | +147.5% |
| Equity | 10/15 | €835,473 | €3,105,489 | +€2.3m | +271.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €698,073 | €2,968,089 | +€2.3m | +325.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €696,213 | €2,966,229 | +€2.3m | +326.1% |
| Amounts payable | 17/49 | €682,065 | €649,922 | -€32,143 | -4.7% |
| Amounts payable after more than one year | 17 | €589,733 | €530,645 | -€59,088 | -10.0% |
| Financial debts | 170/4 | €539,733 | €480,645 | -€59,088 | -10.9% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €90,643 | €119,277 | +€28,633 | +31.6% |
| Current portion of amounts payable after more than one year | 42 | €55,741 | €57,080 | +€1,339 | +2.4% |
| Trade debts | 44 | €917 | €58,320 | +€57,403 | +6259.6% |
| Suppliers | 440/4 | €917 | €58,320 | +€57,403 | +6259.6% |
| Advances received on contracts in progress | 46 | €22,984 | - | -€22,984 | |
| Taxes, remuneration and social security | 45 | €7,847 | €3,000 | -€4,847 | -61.8% |
| Taxes | 450/3 | €847 | - | -€847 | |
| Remuneration and social security | 454/9 | €7,000 | €3,000 | -€4,000 | -57.1% |
| Other amounts payable | 47/48 | €3,154 | €876 | -€2,278 | -72.2% |
| Accrued charges and deferred income | 492/3 | €1,689 | - | -€1,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,562 | €24,140 | -€7,422 | -23.5% |
| Other operating charges | 640/8 | €44,581 | €7,994 | -€36,588 | -82.1% |
| Gross operating margin | 9900 | €172,801 | €2,314,843 | +€2.1m | +1239.6% |
| Operating profit (loss) | 9901 | €96,658 | €2,282,710 | +€2.2m | +2261.6% |
| Financial income | 75/76B | €72 | €5,477 | +€5,405 | +7477.4% |
| Recurring financial income | 75 | €72 | €5,477 | +€5,405 | +7477.4% |
| Financial charges | 65/66B | €15,789 | €17,954 | +€2,164 | +13.7% |
| Recurring financial charges | 65 | €15,789 | €17,954 | +€2,164 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | €80,941 | €2,270,233 | +€2.2m | +2704.8% |
| Income taxes | 67/77 | €15,917 | €216 | -€15,701 | -98.6% |
| Profit (loss) for the period | 9904 | €65,023 | €2,270,017 | +€2.2m | +3391.1% |
| Profit (loss) for the period to be appropriated | 9905 | €65,023 | €2,270,017 | +€2.2m | +3391.1% |
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 8 October 2026 via checked.be.