CORBATI: 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.
CORBATI
Largest movements
- Receivables within one year +€6,110
up €6,110 (+151%), from €4,038 to €10,148
of which Trade receivables: +€4,144
- Tangible fixed assets +€2,855
up €2,855 (+18.7%), from €15,308 to €18,164
of which Plant, machinery and equipment: +€1,509
- Cash +€2,489
up €2,489 (+3.0%), from €83,828 to €86,317
mainly Debts after one year (+€60,000) and Net result for the year (+€11,264)
- Debts after one year +€60,000
new in 2025: €60,000
- Other debts -€32,986
down €32,986 (-51.9%), from €63,603 to €30,617
- Reserves -€17,696
down €17,696 (-100%), from €17,696 to €0
- Tax, wage and social debts +€2,572
up €2,572 (+101%), from €2,541 to €5,112
- Gross operating margin -€8,238
down €8,238 (-30.0%), from €27,504 to €19,266
- Depreciation -€1,708
down €1,708 (-39.2%), from €4,356 to €2,648
- Taxes -€1,237
down €1,237 (-19.7%), from €6,297 to €5,059
- Financial income +€385
up €385 (+218%), from €176 to €561
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 | €103,950 | €115,417 | +€11,468 | +11.0% |
| Fixed assets | 21/28 | €15,308 | €18,164 | +€2,855 | +18.7% |
| Tangible fixed assets | 22/27 | €15,308 | €18,164 | +€2,855 | +18.7% |
| Plant, machinery and equipment | 23 | €13,764 | €15,273 | +€1,509 | +11.0% |
| Furniture and vehicles | 24 | €1,544 | €2,890 | +€1,346 | +87.2% |
| Current assets | 29/58 | €88,641 | €97,254 | +€8,612 | +9.7% |
| Amounts receivable within one year | 40/41 | €4,038 | €10,148 | +€6,110 | +151% |
| Trade receivables | 40 | €3,692 | €7,836 | +€4,144 | +112% |
| Other amounts receivable | 41 | €346 | €2,313 | +€1,967 | +569% |
| Cash at bank and in hand | 54/58 | €83,828 | €86,317 | +€2,489 | +3.0% |
| Deferred charges and accrued income | 490/1 | €776 | €788 | +€13 | +1.6% |
| Total equity and liabilities | 10/49 | €103,950 | €115,417 | +€11,468 | +11.0% |
| Equity | 10/15 | €36,296 | €18,600 | -€17,696 | -48.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,696 | €0 | -€17,696 | -100% |
| Distributable reserves | 133 | €17,696 | €0 | -€17,696 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €67,654 | €96,817 | +€29,163 | +43.1% |
| Amounts payable after more than one year | 17 | - | €60,000 | +€60,000 | |
| Other amounts payable | 178/9 | - | €60,000 | +€60,000 | |
| Amounts payable within one year | 42/48 | €66,994 | €36,817 | -€30,177 | -45.0% |
| Trade debts | 44 | €850 | €1,088 | +€238 | +28.0% |
| Suppliers | 440/4 | €850 | €1,088 | +€238 | +28.0% |
| Taxes, remuneration and social security | 45 | €2,541 | €5,112 | +€2,572 | +101% |
| Taxes | 450/3 | €2,541 | €5,112 | +€2,572 | +101% |
| Other amounts payable | 47/48 | €63,603 | €30,617 | -€32,986 | -51.9% |
| Accrued charges and deferred income | 492/3 | €660 | €0 | -€660 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,356 | €2,648 | -€1,708 | -39.2% |
| Other operating charges | 640/8 | €793 | €792 | -€1 | -0.1% |
| Gross operating margin | 9900 | €27,504 | €19,266 | -€8,238 | -30.0% |
| Operating profit (loss) | 9901 | €22,354 | €15,826 | -€6,528 | -29.2% |
| Financial income | 75/76B | €176 | €561 | +€385 | +218% |
| Recurring financial income | 75 | €176 | €561 | +€385 | +218% |
| Financial charges | 65/66B | €74 | €64 | -€10 | -13.9% |
| Recurring financial charges | 65 | €74 | €64 | -€10 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €22,456 | €16,323 | -€6,133 | -27.3% |
| Income taxes | 67/77 | €6,297 | €5,059 | -€1,237 | -19.7% |
| Profit (loss) for the period | 9904 | €16,160 | €11,264 | -€4,896 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,160 | €11,264 | -€4,896 | -30.3% |
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 20 October 2026 via checked.be.