Corax Law: 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.
Corax Law
Largest movements
- Receivables within one year +€102,293
up €102,293 (+488%), from €20,962 to €123,255
of which Trade receivables: +€102,293
- Current investments +€75,346
up €75,346 (+62.8%), from €120,000 to €195,346
- Cash -€23,880
down €23,880 (-48.6%), from €49,172 to €25,293
mainly Contributions, distributions and other (-€247,059) and Receivables within one year (-€102,293)
- Tangible fixed assets +€6,270
up €6,270 (+44.4%), from €14,108 to €20,378
of which Other tangible fixed assets: +€6,297
- Other debts +€192,571
up €192,571 (+963%), from €20,000 to €212,571
- Reserves -€68,903
down €68,903 (-45.7%), from €150,712 to €81,809
- Tax, wage and social debts +€36,310
up €36,310 (+124%), from €29,176 to €65,487
- Gross operating margin +€224,325
up €224,325 (+1,461%), from €15,352 to €239,677
- Taxes +€54,267
up €54,267 (+1,452%), from €3,737 to €58,004
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 | €206,919 | €366,948 | +€160,029 | +77.3% |
| Fixed assets | 21/28 | €16,784 | €23,054 | +€6,270 | +37.4% |
| Intangible fixed assets | 21 | €2,500 | €2,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,108 | €20,378 | +€6,270 | +44.4% |
| Plant, machinery and equipment | 23 | - | €1,073 | +€1,073 | |
| Furniture and vehicles | 24 | €2,205 | €1,106 | -€1,100 | -49.9% |
| Other tangible fixed assets | 26 | €11,903 | €18,200 | +€6,297 | +52.9% |
| Financial fixed assets | 28 | €176 | €176 | = | 0.0% |
| Current assets | 29/58 | €190,134 | €343,894 | +€153,759 | +80.9% |
| Amounts receivable within one year | 40/41 | €20,962 | €123,255 | +€102,293 | +488% |
| Trade receivables | 40 | €12,699 | €114,992 | +€102,293 | +806% |
| Other amounts receivable | 41 | €8,263 | €8,263 | = | 0.0% |
| Current investments | 50/53 | €120,000 | €195,346 | +€75,346 | +62.8% |
| Cash at bank and in hand | 54/58 | €49,172 | €25,293 | -€23,880 | -48.6% |
| Total equity and liabilities | 10/49 | €206,919 | €366,948 | +€160,029 | +77.3% |
| Equity | 10/15 | €154,712 | €85,809 | -€68,903 | -44.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €150,712 | €81,809 | -€68,903 | -45.7% |
| Distributable reserves | 133 | €150,712 | €81,809 | -€68,903 | -45.7% |
| Amounts payable | 17/49 | €52,207 | €281,139 | +€228,932 | +439% |
| Amounts payable within one year | 42/48 | €52,207 | €281,139 | +€228,932 | +439% |
| Trade debts | 44 | €3,031 | €3,081 | +€50 | +1.7% |
| Suppliers | 440/4 | €3,031 | €3,081 | +€50 | +1.7% |
| Taxes, remuneration and social security | 45 | €29,176 | €65,487 | +€36,310 | +124% |
| Taxes | 450/3 | €29,176 | €65,487 | +€36,310 | +124% |
| Other amounts payable | 47/48 | €20,000 | €212,571 | +€192,571 | +963% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,762 | €2,755 | -€7 | -0.2% |
| Other operating charges | 640/8 | €126 | €1,019 | +€893 | +708% |
| Gross operating margin | 9900 | €15,352 | €239,677 | +€224,325 | +1,461% |
| Operating profit (loss) | 9901 | €12,464 | €235,903 | +€223,439 | +1,793% |
| Financial income | 75/76B | - | €495 | +€495 | |
| Recurring financial income | 75 | - | €495 | +€495 | |
| Financial charges | 65/66B | €219 | €238 | +€18 | +8.4% |
| Recurring financial charges | 65 | €219 | €238 | +€18 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | €12,245 | €236,160 | +€223,915 | +1,829% |
| Income taxes | 67/77 | €3,737 | €58,004 | +€54,267 | +1,452% |
| Profit (loss) for the period | 9904 | €8,508 | €178,156 | +€169,649 | +1,994% |
| Profit (loss) for the period to be appropriated | 9905 | €8,508 | €178,156 | +€169,649 | +1,994% |
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 17 October 2026 via checked.be.