CORAL & WALLACE: 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.
What changed
CORAL & WALLACE
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€528,866
2024 · €2.5m-€2.0m
Equity
€18.2m
2024 · €18.7m-€516,610
Cash
€320,065
2024 · €3.6m-€3.3m
Balance sheet total
€31.7m
2024 · €34.3m-€2.6m
Largest movements
Assets
- Cash -€3.3m
down €3.3m (-91.1%), from €3.6m to €320,065
mainly Debts after one year (-€8.0m) and Current investments (-€1.8m)
- Current investments +€1.8m
up €1.8m (+44.5%), from €4.1m to €6.0m
- Receivables after one year -€730,000
down €730,000 (-66.4%), from €1.1m to €370,000
- Tangible fixed assets -€493,201
down €493,201 (-4.0%), from €12.2m to €11.7m
of which Land and buildings: -€554,125
Equity and liabilities
- Debts after one year -€8.0m
down €8.0m (-62.2%), from €12.9m to €4.9m
- Short-term financial debts +€6.5m
up €6.5m (+434%), from €1.5m to €8.0m
- Reserves -€603,010
down €603,010 (-3.9%), from €15.5m to €14.9m
of which Distributable reserves: -€600,726
- Tax, wage and social debts -€504,846
down €504,846 (-86.1%), from €586,082 to €81,235
of which Taxes: -€504,846
Income statement
- Gross operating margin -€3.0m
down €3.0m (-68.9%), from €4.3m to €1.3m
- Taxes -€886,088
down €886,088 (-74.6%), from €1.2m to €301,256
- Financial income +€517,368
up €517,368 (+194%), from €266,018 to €783,386
- Financial charges +€414,805
up €414,805 (+83.5%), from €496,574 to €911,378
of which Financial charges: +€271,421
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.
Result 2024
€2.5m
Gross operating margin
-€3.0m
Depreciation
+€15,602
Other operating charges
-€7,047
Other operating items
+€6,931
Financial income
+€517,368
Financial charges
-€414,805
Taxes
+€886,088
Result 2025
€528,866
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€2.0m
Financing
-€2.5m
Cash 2024
€3.6m
From operations (derived)
+€1.3m
Net result for the year
+€528,866
Depreciation
+€334,911
Receivables after one year
+€730,000
Receivables within one year
+€193,654
Smaller working-capital items
+€15,569
Trade debts
-€44,241
Tax, wage and social debts
-€504,846
Other debts
-€22,082
Accrued charges and deferred income
+€30,102
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€158,501
Current investments
-€1.8m
Financing
-€2.5m
Debts after one year
-€8.0m
Current portion of long-term debt
+€25,241
Short-term financial debts
+€6.5m
Contributions, distributions and other
-€1.0m
Cash 2025
€320,065
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,279,919 | €31,718,065 | -€2.6m | -7.5% |
| Fixed assets | 21/28 | €24,233,704 | €24,057,294 | -€176,411 | -0.7% |
| Tangible fixed assets | 22/27 | €12,194,444 | €11,701,244 | -€493,201 | -4.0% |
| Land and buildings | 22 | €10,869,690 | €10,315,565 | -€554,125 | -5.1% |
| Plant, machinery and equipment | 23 | €0 | €11,671 | +€11,671 | |
| Furniture and vehicles | 24 | €114,151 | €92,604 | -€21,547 | -18.9% |
| Other tangible fixed assets | 26 | €1,210,604 | €1,281,404 | +€70,800 | +5.8% |
| Financial fixed assets | 28 | €12,039,260 | €12,356,050 | +€316,790 | +2.6% |
| Current assets | 29/58 | €10,046,214 | €7,660,771 | -€2.4m | -23.7% |
| Amounts receivable after more than one year | 29 | €1,100,000 | €370,000 | -€730,000 | -66.4% |
| Other amounts receivable | 291 | €1,100,000 | €370,000 | -€730,000 | -66.4% |
| Amounts receivable within one year | 40/41 | €1,176,681 | €983,028 | -€193,654 | -16.5% |
| Trade receivables | 40 | €1,176,681 | €78,447 | -€1.1m | -93.3% |
| Other amounts receivable | 41 | - | €904,581 | +€904,581 | |
| Current investments | 50/53 | €4,127,042 | €5,964,199 | +€1.8m | +44.5% |
| Cash at bank and in hand | 54/58 | €3,602,681 | €320,065 | -€3.3m | -91.1% |
| Deferred charges and accrued income | 490/1 | €39,810 | €23,480 | -€16,330 | -41.0% |
| Total equity and liabilities | 10/49 | €34,279,919 | €31,718,065 | -€2.6m | -7.5% |
| Equity | 10/15 | €18,736,877 | €18,220,268 | -€516,610 | -2.8% |
| Contributions | 10/11 | €19,296 | €19,296 | = | 0.0% |
| Revaluation surpluses | 12 | €3,246,413 | €3,332,813 | +€86,400 | +2.7% |
| Reserves | 13 | €15,471,168 | €14,868,159 | -€603,010 | -3.9% |
| Tax-exempt reserves | 132 | €591,419 | €589,135 | -€2,284 | -0.4% |
| Distributable reserves | 133 | €14,879,749 | €14,279,023 | -€600,726 | -4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €14,656 | €13,895 | -€761 | -5.2% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Deferred taxes | 168 | €14,656 | €13,895 | -€761 | -5.2% |
| Amounts payable | 17/49 | €15,528,385 | €13,483,903 | -€2.0m | -13.2% |
| Amounts payable after more than one year | 17 | €12,913,747 | €4,877,878 | -€8.0m | -62.2% |
| Financial debts | 170/4 | €12,913,747 | €4,877,878 | -€8.0m | -62.2% |
| Amounts payable within one year | 42/48 | €2,581,250 | €8,542,534 | +€6.0m | +231% |
| Current portion of amounts payable after more than one year | 42 | €410,628 | €435,869 | +€25,241 | +6.1% |
| Financial debts | 43 | €1,500,000 | €8,007,213 | +€6.5m | +434% |
| Credit institutions | 430/8 | €1,500,000 | €8,007,213 | +€6.5m | +434% |
| Trade debts | 44 | €61,308 | €17,067 | -€44,241 | -72.2% |
| Suppliers | 440/4 | €61,308 | €17,067 | -€44,241 | -72.2% |
| Taxes, remuneration and social security | 45 | €586,082 | €81,235 | -€504,846 | -86.1% |
| Taxes | 450/3 | €586,082 | €81,235 | -€504,846 | -86.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €23,232 | €1,150 | -€22,082 | -95.1% |
| Accrued charges and deferred income | 492/3 | €33,389 | €63,491 | +€30,102 | +90.2% |
| Non-recurring operating income | 76A | €99,020 | €50,431 | -€48,589 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350,513 | €334,911 | -€15,602 | -4.5% |
| Other operating charges | 640/8 | €47,179 | €54,226 | +€7,047 | +14.9% |
| Non-recurring operating charges | 66A | €6,931 | €0 | -€6,931 | -100% |
| Gross operating margin | 9900 | €4,330,467 | €1,346,490 | -€3.0m | -68.9% |
| Operating profit (loss) | 9901 | €3,925,844 | €957,353 | -€3.0m | -75.6% |
| Financial income | 75/76B | €266,018 | €783,386 | +€517,368 | +194% |
| Recurring financial income | 75 | €266,018 | €783,386 | +€517,368 | +194% |
| Financial charges | 65/66B | €496,574 | €911,378 | +€414,805 | +83.5% |
| Recurring financial charges | 65 | €496,574 | €767,995 | +€271,421 | +54.7% |
| Non-recurring financial charges | 66B | - | €143,384 | +€143,384 | |
| Profit (loss) for the period before taxes | 9903 | €3,695,288 | €829,361 | -€2.9m | -77.6% |
| Transfer from deferred taxes | 780 | €761 | €761 | = | 0.0% |
| Income taxes | 67/77 | €1,187,344 | €301,256 | -€886,088 | -74.6% |
| Profit (loss) for the period | 9904 | €2,508,705 | €528,866 | -€2.0m | -78.9% |
| Transfer from tax-exempt reserves | 789 | €2,284 | €2,284 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,510,989 | €531,150 | -€2.0m | -78.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.