Cor@zon: 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@zon
Largest movements
- Receivables within one year +€29,688
up €29,688 (+36.3%), from €81,876 to €111,564
- Cash -€4,351
down €4,351 (-16.2%), from €26,863 to €22,512
mainly Other debts (-€36,292) and Receivables within one year (-€29,688)
- Reserves +€66,060
up €66,060 (+35.7%), from €184,877 to €250,937
- Other debts -€36,292
down €36,292 (-95.9%), from €37,843 to €1,551
- Tax, wage and social debts -€10,045
down €10,045 (-34.9%), from €28,784 to €18,740
- Trade debts +€8,000
new in 2025: €8,000
- Gross operating margin +€23,506
up €23,506 (+40.8%), from €57,580 to €81,086
- Taxes +€6,403
up €6,403 (+56.7%), from €11,302 to €17,705
- Financial income +€1,076
up €1,076 (+23.9%), from €4,496 to €5,573
- Financial charges -€887
down €887 (-23.5%), from €3,781 to €2,894
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 | €272,705 | €300,728 | +€28,022 | +10.3% |
| Fixed assets | 21/28 | €56,850 | €56,729 | -€121 | -0.2% |
| Tangible fixed assets | 22/27 | €45,164 | €45,164 | = | 0.0% |
| Furniture and vehicles | 24 | €45,164 | €45,164 | = | 0.0% |
| Financial fixed assets | 28 | €11,685 | €11,564 | -€121 | -1.0% |
| Current assets | 29/58 | €215,855 | €243,999 | +€28,144 | +13.0% |
| Amounts receivable after more than one year | 29 | €107,116 | €109,922 | +€2,806 | +2.6% |
| Other amounts receivable | 291 | €107,116 | €109,922 | +€2,806 | +2.6% |
| Amounts receivable within one year | 40/41 | €81,876 | €111,564 | +€29,688 | +36.3% |
| Other amounts receivable | 41 | €81,876 | €111,564 | +€29,688 | +36.3% |
| Cash at bank and in hand | 54/58 | €26,863 | €22,512 | -€4,351 | -16.2% |
| Total equity and liabilities | 10/49 | €272,705 | €300,728 | +€28,022 | +10.3% |
| Equity | 10/15 | €202,877 | €268,937 | +€66,060 | +32.6% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €184,877 | €250,937 | +€66,060 | +35.7% |
| Distributable reserves | 133 | €184,877 | €250,937 | +€66,060 | +35.7% |
| Amounts payable | 17/49 | €69,828 | €31,791 | -€38,037 | -54.5% |
| Amounts payable within one year | 42/48 | €66,627 | €28,290 | -€38,337 | -57.5% |
| Trade debts | 44 | - | €8,000 | +€8,000 | |
| Suppliers | 440/4 | - | €8,000 | +€8,000 | |
| Taxes, remuneration and social security | 45 | €28,784 | €18,740 | -€10,045 | -34.9% |
| Taxes | 450/3 | €28,784 | €18,740 | -€10,045 | -34.9% |
| Other amounts payable | 47/48 | €37,843 | €1,551 | -€36,292 | -95.9% |
| Accrued charges and deferred income | 492/3 | €3,201 | €3,501 | +€300 | +9.4% |
| Gross operating margin | 9900 | €57,580 | €81,086 | +€23,506 | +40.8% |
| Operating profit (loss) | 9901 | €57,580 | €81,086 | +€23,506 | +40.8% |
| Financial income | 75/76B | €4,496 | €5,573 | +€1,076 | +23.9% |
| Recurring financial income | 75 | €4,496 | €5,573 | +€1,076 | +23.9% |
| Financial charges | 65/66B | €3,781 | €2,894 | -€887 | -23.5% |
| Recurring financial charges | 65 | €3,781 | €2,894 | -€887 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €58,296 | €83,765 | +€25,469 | +43.7% |
| Income taxes | 67/77 | €11,302 | €17,705 | +€6,403 | +56.7% |
| Profit (loss) for the period | 9904 | €46,994 | €66,060 | +€19,066 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,994 | €66,060 | +€19,066 | +40.6% |
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.