CORACO: 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.
What changed
CORACO
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€140,949
2023 · €313,769-€172,819
Equity
-€1.2m
2023 · -€1.3m+€140,949
Cash
€179,733
2023 · €45,810+€133,923
Balance sheet total
€6.4m
2023 · €6.7m-€310,222
Largest movements
Assets
- Stocks and contracts -€556,894
down €556,894 (-32.4%), from €1.7m to €1.2m
of which Stocks: -€680,499
- Cash +€133,923
up €133,923 (+292.3%), from €45,810 to €179,733
mainly Stocks and contracts (+€556,894) and Other debts (+€338,197)
- Tangible fixed assets +€109,805
up €109,805 (+11.6%), from €945,920 to €1.1m
of which Plant, machinery and equipment: +€130,788
Equity and liabilities
- Trade debts -€871,764
down €871,764 (-31.0%), from €2.8m to €1.9m
- Other debts +€338,197
up €338,197 (+24.1%), from €1.4m to €1.7m
- Profit (loss) carried forward +€140,949
up €140,949 (+2.8%), from -€5.1m to -€4.9m
- Tax, wage and social debts +€78,223
up €78,223 (+43.3%), from €180,803 to €259,026
of which Taxes: +€51,813
Income statement
- Turnover -€9.9m
down €9.9m (-47.6%), from €20.8m to €10.9m
- Goods and materials -€6.8m
down €6.8m (-49.8%), from €13.6m to €6.9m
of which Purchases: -€8.3m
- Staff costs -€1.3m
down €1.3m (-38.1%), from €3.4m to €2.1m
- Services and other goods -€1.3m
down €1.3m (-40.8%), from €3.1m to €1.9m
From the 2023 result to the 2024 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.
Result 2023
€313,769
Turnover
-€9.9m
Other operating income
+€51,795
Goods and materials
+€6.8m
Services and other goods
+€1.3m
Staff costs
+€1.3m
Depreciation
+€41,289
Write-downs
+€31,820
Other operating charges
+€16,592
Other operating items
+€115,684
Financial income
-€8,665
Financial charges
+€85,683
Taxes
+€1,130
Result 2024
€140,949
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€299,987
Investment
-€170,623
Financing
+€4,558
Cash 2023
€45,810
From operations (derived)
+€299,987
Net result for the year
+€140,949
Depreciation
+€82,832
Stocks and contracts
+€556,894
Receivables within one year
-€29,474
Deferred charges and accrued income
+€4,515
Trade debts
-€871,764
Tax, wage and social debts
+€78,223
Other debts
+€338,197
Accrued charges and deferred income
-€386
Investment (derived)
-€170,623
Investment in fixed assets (net)
-€170,623
Financing
+€4,558
Debts after one year
-€1,220
Current portion of long-term debt
-€4,478
Short-term financial debts
+€10,256
Cash 2024
€179,733
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,664,175 | €6,353,953 | -€310,222 | -4.7% |
| Fixed assets | 21/28 | €1,086,576 | €1,174,367 | +€87,791 | +8.1% |
| Intangible fixed assets | 21 | €11,742 | €15,364 | +€3,622 | +30.8% |
| Tangible fixed assets | 22/27 | €945,920 | €1,055,726 | +€109,805 | +11.6% |
| Land and buildings | 22 | €675,000 | €675,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €71,935 | €202,724 | +€130,788 | +181.8% |
| Furniture and vehicles | 24 | €18,155 | €24,567 | +€6,412 | +35.3% |
| Leasing and similar rights | 25 | €6,150 | €172 | -€5,977 | -97.2% |
| Other tangible fixed assets | 26 | €174,680 | €153,262 | -€21,418 | -12.3% |
| Financial fixed assets | 28 | €128,914 | €103,277 | -€25,637 | -19.9% |
| Other financial fixed assets | 284/8 | €128,914 | €103,277 | -€25,637 | -19.9% |
| Amounts receivable and cash guarantees | 285/8 | €128,914 | €103,277 | -€25,637 | -19.9% |
| Current assets | 29/58 | €5,577,599 | €5,179,586 | -€398,012 | -7.1% |
| Stocks and contracts in progress | 3 | €1,717,957 | €1,161,064 | -€556,894 | -32.4% |
| Stocks | 30/36 | €1,390,097 | €709,597 | -€680,499 | -49.0% |
| Raw materials and consumables | 30/31 | €1,154,341 | €397,381 | -€756,960 | -65.6% |
| Work in progress | 32 | €114,124 | €97,077 | -€17,046 | -14.9% |
| Finished goods | 33 | €121,633 | €215,139 | +€93,507 | +76.9% |
| Contracts in progress | 37 | €327,861 | €451,466 | +€123,605 | +37.7% |
| Amounts receivable within one year | 40/41 | €3,613,161 | €3,642,634 | +€29,474 | +0.8% |
| Trade receivables | 40 | €3,446,818 | €3,223,297 | -€223,521 | -6.5% |
| Other amounts receivable | 41 | €166,342 | €419,337 | +€252,995 | +152.1% |
| Cash at bank and in hand | 54/58 | €45,810 | €179,733 | +€133,923 | +292.3% |
| Deferred charges and accrued income | 490/1 | €200,670 | €196,155 | -€4,515 | -2.2% |
| Total equity and liabilities | 10/49 | €6,664,175 | €6,353,953 | -€310,222 | -4.7% |
| Equity | 10/15 | -€1,291,185 | -€1,150,236 | +€140,949 | +10.9% |
| Contributions | 10/11 | €2,062,086 | €2,062,086 | = | 0.0% |
| Capital | 10 | €2,062,086 | €2,062,086 | = | 0.0% |
| Issued capital | 100 | €2,062,086 | €2,062,086 | = | 0.0% |
| Revaluation surpluses | 12 | €619,786 | €619,786 | = | 0.0% |
| Reserves | 13 | €1,096,398 | €1,096,398 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,987 | €30,987 | = | 0.0% |
| Legal reserve | 130 | €30,987 | €30,987 | = | 0.0% |
| Distributable reserves | 133 | €1,065,412 | €1,065,412 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,069,455 | -€4,928,506 | +€140,949 | +2.8% |
| Amounts payable | 17/49 | €7,955,360 | €7,504,189 | -€451,171 | -5.7% |
| Amounts payable after more than one year | 17 | €2,201,220 | €2,200,000 | -€1,220 | -0.1% |
| Financial debts | 170/4 | €2,201,220 | €2,200,000 | -€1,220 | -0.1% |
| Subordinated loans | 170 | €2,200,000 | €2,200,000 | = | 0.0% |
| Leasing and similar obligations | 172 | €1,220 | €0 | -€1,220 | -100.0% |
| Amounts payable within one year | 42/48 | €5,746,290 | €5,296,725 | -€449,565 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €5,698 | €1,220 | -€4,478 | -78.6% |
| Financial debts | 43 | €1,342,403 | €1,352,659 | +€10,256 | +0.8% |
| Credit institutions | 430/8 | €1,342,403 | €1,352,659 | +€10,256 | +0.8% |
| Trade debts | 44 | €2,813,833 | €1,942,069 | -€871,764 | -31.0% |
| Suppliers | 440/4 | €2,813,833 | €1,942,069 | -€871,764 | -31.0% |
| Taxes, remuneration and social security | 45 | €180,803 | €259,026 | +€78,223 | +43.3% |
| Taxes | 450/3 | €11,408 | €63,221 | +€51,813 | +454.2% |
| Remuneration and social security | 454/9 | €169,395 | €195,805 | +€26,410 | +15.6% |
| Other amounts payable | 47/48 | €1,403,552 | €1,741,750 | +€338,197 | +24.1% |
| Accrued charges and deferred income | 492/3 | €7,850 | €7,464 | -€386 | -4.9% |
| Operating income | 70/76A | €21,011,276 | €11,305,524 | -€9.7m | -46.2% |
| Turnover | 70 | €20,757,426 | €10,884,195 | -€9.9m | -47.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €83,697 | €200,066 | +€116,369 | +139.0% |
| Other operating income | 74 | €164,824 | €216,619 | +€51,795 | +31.4% |
| Non-recurring operating income | 76A | €5,328 | €4,644 | -€684 | -12.8% |
| Operating charges | 60/66A | €20,388,852 | €10,934,067 | -€9.5m | -46.4% |
| Goods for resale, raw materials and consumables | 60 | €13,643,510 | €6,854,960 | -€6.8m | -49.8% |
| Purchases | 600/8 | €14,368,511 | €6,098,000 | -€8.3m | -57.6% |
| Change in stocks: decrease (increase) | 609 | -€725,001 | €756,960 | +€1.5m | |
| Services and other goods | 61 | €3,136,442 | €1,857,305 | -€1.3m | -40.8% |
| Remuneration, social security and pensions | 62 | €3,405,212 | €2,107,815 | -€1.3m | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,120 | €82,832 | -€41,289 | -33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €31,820 | €0 | -€31,820 | -100.0% |
| Other operating charges | 640/8 | €47,747 | €31,156 | -€16,592 | -34.7% |
| Operating profit (loss) | 9901 | €622,423 | €371,457 | -€250,967 | -40.3% |
| Financial income | 75/76B | €14,461 | €5,796 | -€8,665 | -59.9% |
| Recurring financial income | 75 | €14,461 | €5,796 | -€8,665 | -59.9% |
| Other financial income | 752/9 | €14,461 | €5,796 | -€8,665 | -59.9% |
| Financial charges | 65/66B | €322,017 | €236,334 | -€85,683 | -26.6% |
| Recurring financial charges | 65 | €322,017 | €236,334 | -€85,683 | -26.6% |
| Debt charges | 650 | €312,142 | €229,684 | -€82,457 | -26.4% |
| Other financial charges | 652/9 | €9,875 | €6,650 | -€3,225 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €314,868 | €140,919 | -€173,949 | -55.2% |
| Income taxes | 67/77 | €1,100 | -€30 | -€1,130 | |
| Taxes | 670/3 | €1,100 | €0 | -€1,100 | -100.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €30 | +€30 | +9651.6% |
| Profit (loss) for the period | 9904 | €313,769 | €140,949 | -€172,819 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €313,769 | €140,949 | -€172,819 | -55.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.