CORAL PROJECT: 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.
CORAL PROJECT
Largest movements
- Receivables within one year -€74,090
down €74,090 (-74.1%), from €100,005 to €25,915
of which Trade receivables: -€74,090
- Trade debts -€55,028
down €55,028 (-66.4%), from €82,878 to €27,850
- Profit (loss) carried forward -€47,547
down €47,547 (-145%), from -€32,719 to -€80,265
- Debts after one year +€44,000
up €44,000 (+1,257%), from €3,500 to €47,500
- Short-term financial debts -€6,881
down €6,881 (-31.0%), from €22,222 to €15,341
of which Credit institutions: -€7,293
- Other debts -€6,727
down €6,727 (-91.5%), from €7,350 to €623
- Write-downs +€10,598
up €10,598, from -€10,598 to €0
- Gross operating margin -€7,430
down €7,430 (-23.3%), from -€31,910 to -€39,340
- Financial charges +€1,036
up €1,036 (+71.5%), from €1,449 to €2,485
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 | €107,035 | €33,047 | -€73,988 | -69.1% |
| Fixed assets | 21/28 | €3,265 | €3,265 | = | 0.0% |
| Financial fixed assets | 28 | €3,265 | €3,265 | = | 0.0% |
| Current assets | 29/58 | €103,770 | €29,782 | -€73,988 | -71.3% |
| Stocks and contracts in progress | 3 | €2,350 | €2,350 | = | 0.0% |
| Stocks | 30/36 | €2,350 | €2,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €100,005 | €25,915 | -€74,090 | -74.1% |
| Trade receivables | 40 | €100,005 | €25,915 | -€74,090 | -74.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,415 | €1,517 | +€102 | +7.2% |
| Total equity and liabilities | 10/49 | €107,035 | €33,047 | -€73,988 | -69.1% |
| Equity | 10/15 | -€13,377 | -€60,924 | -€47,547 | -355% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,941 | €6,941 | = | 0.0% |
| Distributable reserves | 133 | €6,941 | €6,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,719 | -€80,265 | -€47,547 | -145% |
| Amounts payable | 17/49 | €120,413 | €93,972 | -€26,441 | -22.0% |
| Amounts payable after more than one year | 17 | €3,500 | €47,500 | +€44,000 | +1,257% |
| Financial debts | 170/4 | €3,500 | €47,500 | +€44,000 | +1,257% |
| Amounts payable within one year | 42/48 | €115,999 | €46,472 | -€69,528 | -59.9% |
| Financial debts | 43 | €22,222 | €15,341 | -€6,881 | -31.0% |
| Credit institutions | 430/8 | €22,222 | €14,929 | -€7,293 | -32.8% |
| Other loans | 439 | - | €411 | +€411 | |
| Trade debts | 44 | €82,878 | €27,850 | -€55,028 | -66.4% |
| Suppliers | 440/4 | €82,878 | €27,850 | -€55,028 | -66.4% |
| Taxes, remuneration and social security | 45 | €3,550 | €2,658 | -€892 | -25.1% |
| Taxes | 450/3 | €1,187 | €1,078 | -€109 | -9.2% |
| Remuneration and social security | 454/9 | €2,363 | €1,580 | -€783 | -33.1% |
| Other amounts payable | 47/48 | €7,350 | €623 | -€6,727 | -91.5% |
| Accrued charges and deferred income | 492/3 | €914 | €0 | -€914 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,598 | €0 | +€10,598 | |
| Other operating charges | 640/8 | €1,245 | €1,596 | +€351 | +28.2% |
| Non-recurring operating charges | 66A | - | €4,126 | +€4,126 | |
| Gross operating margin | 9900 | -€31,910 | -€39,340 | -€7,430 | -23.3% |
| Operating profit (loss) | 9901 | -€22,558 | -€45,062 | -€22,504 | -99.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,449 | €2,485 | +€1,036 | +71.5% |
| Recurring financial charges | 65 | €1,449 | €2,485 | +€1,036 | +71.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,006 | -€47,547 | -€23,540 | -98.1% |
| Profit (loss) for the period | 9904 | -€24,006 | -€47,547 | -€23,540 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,006 | -€47,547 | -€23,540 | -98.1% |
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 20 October 2026 via checked.be.