CORAZON: 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.
CORAZON
Largest movements
- Tangible fixed assets -€28,889
down €28,889 (-3.3%), from €871,530 to €842,642
of which Land and buildings: -€26,126
- Cash -€17,822
down €17,822 (-68.0%), from €26,190 to €8,369
mainly Other debts (-€211,873) and Investment in fixed assets (net) (-€25,574)
- Other debts -€211,873
down €211,873 (-98.3%), from €215,520 to €3,647
- Debts after one year +€151,667
up €151,667 (+24.6%), from €615,556 to €767,222
- Reserves +€15,000
up €15,000 (+60.0%), from €25,000 to €40,000
- Depreciation +€9,800
up €9,800 (+21.9%), from €44,663 to €54,463
- Gross operating margin -€6,611
down €6,611 (-7.4%), from €88,898 to €82,288
- Other operating charges +€5,879
up €5,879 (+303.8%), from €1,935 to €7,814
- Financial charges +€5,391
up €5,391 (+2258.0%), from €239 to €5,630
- Financial income -€1,440
no longer reported in 2025 (was €1,440)
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 | €908,693 | €868,985 | -€39,708 | -4.4% |
| Fixed assets | 21/28 | €871,530 | €842,642 | -€28,889 | -3.3% |
| Tangible fixed assets | 22/27 | €871,530 | €842,642 | -€28,889 | -3.3% |
| Land and buildings | 22 | €868,767 | €842,642 | -€26,126 | -3.0% |
| Furniture and vehicles | 24 | €2,763 | - | -€2,763 | |
| Current assets | 29/58 | €37,162 | €26,343 | -€10,819 | -29.1% |
| Amounts receivable within one year | 40/41 | €10,972 | €17,975 | +€7,003 | +63.8% |
| Trade receivables | 40 | €6,222 | €17,975 | +€11,753 | +188.9% |
| Other amounts receivable | 41 | €4,750 | - | -€4,750 | |
| Cash at bank and in hand | 54/58 | €26,190 | €8,369 | -€17,822 | -68.0% |
| Total equity and liabilities | 10/49 | €908,693 | €868,985 | -€39,708 | -4.4% |
| Equity | 10/15 | €44,230 | €58,612 | +€14,382 | +32.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Distributable reserves | 133 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Profit (loss) carried forward | 14 | €630 | €12 | -€618 | -98.2% |
| Amounts payable | 17/49 | €864,463 | €810,373 | -€54,089 | -6.3% |
| Amounts payable after more than one year | 17 | €615,556 | €767,222 | +€151,667 | +24.6% |
| Financial debts | 170/4 | €615,556 | €767,222 | +€151,667 | +24.6% |
| Amounts payable within one year | 42/48 | €248,907 | €42,751 | -€206,156 | -82.8% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €33,333 | = | 0.0% |
| Trade debts | 44 | €54 | €62 | +€8 | +15.0% |
| Suppliers | 440/4 | €54 | €62 | +€8 | +15.0% |
| Taxes, remuneration and social security | 45 | - | €5,709 | +€5,709 | |
| Taxes | 450/3 | - | €5,709 | +€5,709 | |
| Other amounts payable | 47/48 | €215,520 | €3,647 | -€211,873 | -98.3% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,663 | €54,463 | +€9,800 | +21.9% |
| Other operating charges | 640/8 | €1,935 | €7,814 | +€5,879 | +303.8% |
| Gross operating margin | 9900 | €88,898 | €82,288 | -€6,611 | -7.4% |
| Operating profit (loss) | 9901 | €42,300 | €20,011 | -€22,289 | -52.7% |
| Financial income | 75/76B | €1,440 | - | -€1,440 | |
| Recurring financial income | 75 | €1,440 | - | -€1,440 | |
| Financial charges | 65/66B | €239 | €5,630 | +€5,391 | +2258.0% |
| Recurring financial charges | 65 | €239 | €5,630 | +€5,391 | +2258.0% |
| Profit (loss) for the period before taxes | 9903 | €43,501 | €14,382 | -€29,120 | -66.9% |
| Profit (loss) for the period | 9904 | €43,501 | €14,382 | -€29,120 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,501 | €14,382 | -€29,120 | -66.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.