CORALES: 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.
CORALES
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-8.1%), from €14.2m to €13.0m
- Cash +€178,925
up €178,925, from €0 to €178,925
mainly Investment in fixed assets (net) (+€1.2m)
- Profit (loss) carried forward -€958,253
down €958,253 (-19.2%), from -€5.0m to -€6.0m
- Financial charges +€1.3m
up €1.3m (+14643.4%), from €8,753 to €1.3m
of which Non-recurring financial charges: +€1.3m
- Financial income +€10,677
up €10,677 (+3.1%), from €346,070 to €356,747
- Other operating charges -€3,139
down €3,139 (-14.4%), from €21,794 to €18,654
- Gross operating margin +€934
up €934 (+13.6%), from -€6,859 to -€5,925
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 | €14,432,042 | €13,467,990 | -€964,053 | -6.7% |
| Fixed assets | 21/28 | €14,199,900 | €13,047,300 | -€1.2m | -8.1% |
| Financial fixed assets | 28 | €14,199,900 | €13,047,300 | -€1.2m | -8.1% |
| Current assets | 29/58 | €232,142 | €420,690 | +€188,547 | +81.2% |
| Amounts receivable within one year | 40/41 | €232,142 | €241,765 | +€9,622 | +4.1% |
| Other amounts receivable | 41 | €232,142 | €241,765 | +€9,622 | +4.1% |
| Cash at bank and in hand | 54/58 | €0 | €178,925 | +€178,925 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €14,432,042 | €13,467,990 | -€964,053 | -6.7% |
| Equity | 10/15 | €14,421,505 | €13,463,252 | -€958,253 | -6.6% |
| Contributions | 10/11 | €19,374,500 | €19,374,500 | = | 0.0% |
| Capital | 10 | €19,374,500 | €19,374,500 | = | 0.0% |
| Issued capital | 100 | €19,374,500 | €19,374,500 | = | 0.0% |
| Reserves | 13 | €43,825 | €43,825 | = | 0.0% |
| Non-distributable reserves | 130/1 | €43,825 | €43,825 | = | 0.0% |
| Legal reserve | 130 | €43,825 | €43,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,996,820 | -€5,955,073 | -€958,253 | -19.2% |
| Amounts payable | 17/49 | €10,537 | €4,738 | -€5,799 | -55.0% |
| Amounts payable within one year | 42/48 | €10,537 | €4,738 | -€5,799 | -55.0% |
| Financial debts | 43 | €4,887 | €0 | -€4,887 | -100.0% |
| Credit institutions | 430/8 | €4,887 | €0 | -€4,887 | -100.0% |
| Trade debts | 44 | €5,651 | €4,738 | -€913 | -16.2% |
| Suppliers | 440/4 | €5,651 | €4,738 | -€913 | -16.2% |
| Other operating charges | 640/8 | €21,794 | €18,654 | -€3,139 | -14.4% |
| Gross operating margin | 9900 | -€6,859 | -€5,925 | +€934 | +13.6% |
| Operating profit (loss) | 9901 | -€28,652 | -€24,579 | +€4,074 | +14.2% |
| Financial income | 75/76B | €346,070 | €356,747 | +€10,677 | +3.1% |
| Recurring financial income | 75 | €346,070 | €356,747 | +€10,677 | +3.1% |
| Financial charges | 65/66B | €8,753 | €1,290,422 | +€1.3m | +14643.4% |
| Recurring financial charges | 65 | €8,753 | €7,822 | -€931 | -10.6% |
| Non-recurring financial charges | 66B | - | €1,282,600 | +€1.3m | |
| Profit (loss) for the period before taxes | 9903 | €308,666 | -€958,253 | -€1.3m | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €308,666 | -€958,253 | -€1.3m | |
| Profit (loss) for the period to be appropriated | 9905 | €308,666 | -€958,253 | -€1.3m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.