Coraal: 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.
Coraal
Largest movements
- Tangible fixed assets +€229,171
up €229,171 (+2415.4%), from €9,488 to €238,659
of which Land and buildings: +€235,591
- Stocks and contracts +€29,289
up €29,289 (+15.3%), from €191,079 to €220,368
- Cash -€18,287
down €18,287 (-24.5%), from €74,631 to €56,345
mainly Investment in fixed assets (net) (-€392,509) and Stocks and contracts (-€29,289)
- Intangible fixed assets +€12,847
up €12,847 (+5.8%), from €223,105 to €235,952
- Debts after one year +€149,183
up €149,183 (+210.2%), from €70,965 to €220,148
- Other debts +€39,704
up €39,704 (+21.4%), from €185,897 to €225,601
- Profit (loss) carried forward +€22,269
up €22,269 (+15.6%), from €142,890 to €165,160
- Current portion of long-term debt +€18,056
up €18,056 (+60.8%), from €29,681 to €47,736
- Trade debts +€12,168
up €12,168 (+47.0%), from €25,873 to €38,041
- Depreciation +€71,264
up €71,264 (+89.9%), from €79,228 to €150,492
- Taxes -€16,507
down €16,507 (-78.5%), from €21,016 to €4,509
- Staff costs -€5,448
down €5,448 (-50.1%), from €10,870 to €5,423
- Gross operating margin +€4,185
up €4,185 (+2.3%), from €183,672 to €187,857
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 | €511,303 | €757,978 | +€246,675 | +48.2% |
| Fixed assets | 21/28 | €232,593 | €474,611 | +€242,018 | +104.1% |
| Intangible fixed assets | 21 | €223,105 | €235,952 | +€12,847 | +5.8% |
| Tangible fixed assets | 22/27 | €9,488 | €238,659 | +€229,171 | +2415.4% |
| Land and buildings | 22 | - | €235,591 | +€235,591 | |
| Plant, machinery and equipment | 23 | €1,070 | €153 | -€917 | -85.7% |
| Furniture and vehicles | 24 | €5,111 | €2,442 | -€2,670 | -52.2% |
| Other tangible fixed assets | 26 | €3,307 | €474 | -€2,833 | -85.7% |
| Current assets | 29/58 | €278,709 | €283,367 | +€4,658 | +1.7% |
| Stocks and contracts in progress | 3 | €191,079 | €220,368 | +€29,289 | +15.3% |
| Stocks | 30/36 | €191,079 | €220,368 | +€29,289 | +15.3% |
| Amounts receivable within one year | 40/41 | €11,269 | €5,137 | -€6,132 | -54.4% |
| Trade receivables | 40 | €6,231 | €4,012 | -€2,219 | -35.6% |
| Other amounts receivable | 41 | €5,038 | €1,124 | -€3,913 | -77.7% |
| Cash at bank and in hand | 54/58 | €74,631 | €56,345 | -€18,287 | -24.5% |
| Deferred charges and accrued income | 490/1 | €1,730 | €1,517 | -€213 | -12.3% |
| Total equity and liabilities | 10/49 | €511,303 | €757,978 | +€246,675 | +48.2% |
| Equity | 10/15 | €143,890 | €166,160 | +€22,269 | +15.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,890 | €165,160 | +€22,269 | +15.6% |
| Amounts payable | 17/49 | €367,412 | €591,819 | +€224,406 | +61.1% |
| Amounts payable after more than one year | 17 | €70,965 | €220,148 | +€149,183 | +210.2% |
| Financial debts | 170/4 | €70,965 | €220,148 | +€149,183 | +210.2% |
| Amounts payable within one year | 42/48 | €296,448 | €370,871 | +€74,423 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €29,681 | €47,736 | +€18,056 | +60.8% |
| Trade debts | 44 | €25,873 | €38,041 | +€12,168 | +47.0% |
| Suppliers | 440/4 | €25,873 | €38,041 | +€12,168 | +47.0% |
| Taxes, remuneration and social security | 45 | €54,997 | €59,492 | +€4,495 | +8.2% |
| Taxes | 450/3 | €53,399 | €59,492 | +€6,094 | +11.4% |
| Remuneration and social security | 454/9 | €1,599 | - | -€1,599 | |
| Other amounts payable | 47/48 | €185,897 | €225,601 | +€39,704 | +21.4% |
| Accrued charges and deferred income | 492/3 | - | €800 | +€800 | |
| Remuneration, social security and pensions | 62 | €10,870 | €5,423 | -€5,448 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,228 | €150,492 | +€71,264 | +89.9% |
| Other operating charges | 640/8 | €842 | €924 | +€81 | +9.6% |
| Gross operating margin | 9900 | €183,672 | €187,857 | +€4,185 | +2.3% |
| Operating profit (loss) | 9901 | €92,732 | €31,019 | -€61,713 | -66.5% |
| Financial income | 75/76B | €1,354 | €878 | -€476 | -35.1% |
| Recurring financial income | 75 | €1,354 | €878 | -€476 | -35.1% |
| Financial charges | 65/66B | €4,989 | €5,119 | +€130 | +2.6% |
| Recurring financial charges | 65 | €4,989 | €5,119 | +€130 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €89,096 | €26,778 | -€62,318 | -69.9% |
| Income taxes | 67/77 | €21,016 | €4,509 | -€16,507 | -78.5% |
| Profit (loss) for the period | 9904 | €68,080 | €22,269 | -€45,811 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €68,080 | €22,269 | -€45,811 | -67.3% |
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 5 October 2026 via checked.be.