CORBEL: 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.
CORBEL
Largest movements
- Current investments -€29,652
down €29,652 (-31.7%), from €93,457 to €63,805
- Financial fixed assets +€2,500
new in 2025: €2,500
- Stocks and contracts -€1,339
down €1,339 (-23.1%), from €5,789 to €4,450
- Profit (loss) carried forward -€20,400
down €20,400 (-2.3%), from -€871,977 to -€892,377
- Other debts -€9,028
down €9,028 (-1.8%), from €514,414 to €505,385
- Trade debts +€1,202
up €1,202 (+1,241%), from €97 to €1,299
- Other operating charges -€20,083
down €20,083 (-96.7%), from €20,779 to €696
- Staff costs -€10,014
down €10,014 (-50.5%), from €19,837 to €9,823
- Gross operating margin +€1,522
up €1,522 (+14.6%), from -€10,450 to -€8,928
- Financial income -€272
down €272 (-36.9%), from €738 to €465
- Depreciation +€117
up €117 (+14.6%), from €800 to €917
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 | €111,111 | €83,069 | -€28,043 | -25.2% |
| Fixed assets | 21/28 | €6,718 | €8,301 | +€1,583 | +23.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €6,718 | €5,801 | -€917 | -13.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €6,718 | €5,801 | -€917 | -13.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €104,393 | €74,767 | -€29,626 | -28.4% |
| Stocks and contracts in progress | 3 | €5,789 | €4,450 | -€1,339 | -23.1% |
| Stocks | 30/36 | €5,789 | €4,450 | -€1,339 | -23.1% |
| Amounts receivable within one year | 40/41 | €2,610 | €2,625 | +€15 | +0.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,610 | €2,625 | +€15 | +0.6% |
| Current investments | 50/53 | €93,457 | €63,805 | -€29,652 | -31.7% |
| Cash at bank and in hand | 54/58 | €2,186 | €3,072 | +€886 | +40.5% |
| Deferred charges and accrued income | 490/1 | €352 | €815 | +€464 | +132% |
| Total equity and liabilities | 10/49 | €111,111 | €83,069 | -€28,043 | -25.2% |
| Equity | 10/15 | -€403,677 | -€424,077 | -€20,400 | -5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €449,700 | €449,700 | = | 0.0% |
| Distributable reserves | 133 | €449,700 | €449,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€871,977 | -€892,377 | -€20,400 | -2.3% |
| Amounts payable | 17/49 | €514,788 | €507,145 | -€7,643 | -1.5% |
| Amounts payable within one year | 42/48 | €514,725 | €506,684 | -€8,041 | -1.6% |
| Financial debts | 43 | €1 | €0 | -€1 | -100% |
| Credit institutions | 430/8 | €1 | €0 | -€1 | -100% |
| Trade debts | 44 | €97 | €1,299 | +€1,202 | +1,241% |
| Suppliers | 440/4 | €97 | €1,299 | +€1,202 | +1,241% |
| Taxes, remuneration and social security | 45 | €213 | €0 | -€213 | -100% |
| Remuneration and social security | 454/9 | €213 | €0 | -€213 | -100% |
| Other amounts payable | 47/48 | €514,414 | €505,385 | -€9,028 | -1.8% |
| Accrued charges and deferred income | 492/3 | €63 | €461 | +€398 | +630% |
| Remuneration, social security and pensions | 62 | €19,837 | €9,823 | -€10,014 | -50.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €917 | +€117 | +14.6% |
| Other operating charges | 640/8 | €20,779 | €696 | -€20,083 | -96.7% |
| Gross operating margin | 9900 | -€10,450 | -€8,928 | +€1,522 | +14.6% |
| Operating profit (loss) | 9901 | -€51,866 | -€20,363 | +€31,503 | +60.7% |
| Financial income | 75/76B | €738 | €465 | -€272 | -36.9% |
| Recurring financial income | 75 | €738 | €465 | -€272 | -36.9% |
| Financial charges | 65/66B | €459 | €502 | +€44 | +9.5% |
| Recurring financial charges | 65 | €459 | €502 | +€44 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,587 | -€20,400 | +€31,187 | +60.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€51,587 | -€20,400 | +€31,187 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,587 | -€20,400 | +€31,187 | +60.5% |
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 28 October 2026 via checked.be.