CORCO: 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.
CORCO
Largest movements
- Receivables within one year +€20,630
up €20,630 (+167%), from €12,376 to €33,006
of which Trade receivables: +€12,037
- Tangible fixed assets -€8,067
down €8,067 (-31.6%), from €25,549 to €17,481
of which Furniture and vehicles: -€7,693
- Stocks and contracts -€7,966
down €7,966 (-70.1%), from €11,364 to €3,399
of which Contracts in progress: -€7,811
- Cash -€4,974
down €4,974 (-100.0%), from €4,974 to €0
mainly Receivables within one year (-€20,630) and Debts after one year (-€7,284)
- Debts after one year -€7,284
down €7,284 (-43.4%), from €16,779 to €9,495
- Profit (loss) carried forward +€3,115
up €3,115, from -€2,326 to €789
- Trade debts +€2,698
up €2,698 (+92.4%), from €2,921 to €5,618
- Accrued charges and deferred income +€692
new in 2025: €692
- Gross operating margin +€5,301
up €5,301 (+55.4%), from €9,562 to €14,863
- Taxes +€1,054
up €1,054 (+111%), from €948 to €2,002
- Financial income +€382
up €382 (+127%), from €302 to €684
- Staff costs -€338
down €338 (-54.5%), from €620 to €282
- Financial charges -€231
down €231 (-18.1%), from €1,277 to €1,046
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 | €54,263 | €53,886 | -€377 | -0.7% |
| Fixed assets | 21/28 | €25,549 | €17,481 | -€8,067 | -31.6% |
| Tangible fixed assets | 22/27 | €25,549 | €17,481 | -€8,067 | -31.6% |
| Plant, machinery and equipment | 23 | €734 | €360 | -€374 | -51.0% |
| Furniture and vehicles | 24 | €24,814 | €17,121 | -€7,693 | -31.0% |
| Current assets | 29/58 | €28,714 | €36,405 | +€7,691 | +26.8% |
| Stocks and contracts in progress | 3 | €11,364 | €3,399 | -€7,966 | -70.1% |
| Stocks | 30/36 | €650 | €495 | -€155 | -23.8% |
| Contracts in progress | 37 | €10,714 | €2,904 | -€7,811 | -72.9% |
| Amounts receivable within one year | 40/41 | €12,376 | €33,006 | +€20,630 | +167% |
| Trade receivables | 40 | €1,229 | €13,266 | +€12,037 | +980% |
| Other amounts receivable | 41 | €11,147 | €19,740 | +€8,593 | +77.1% |
| Cash at bank and in hand | 54/58 | €4,974 | €0 | -€4,974 | -100.0% |
| Total equity and liabilities | 10/49 | €54,263 | €53,886 | -€377 | -0.7% |
| Equity | 10/15 | €26,875 | €29,990 | +€3,115 | +11.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €22,996 | €22,996 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €21,137 | €21,137 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,326 | €789 | +€3,115 | |
| Amounts payable | 17/49 | €27,388 | €23,896 | -€3,492 | -12.8% |
| Amounts payable after more than one year | 17 | €16,779 | €9,495 | -€7,284 | -43.4% |
| Financial debts | 170/4 | €16,779 | €9,495 | -€7,284 | -43.4% |
| Amounts payable within one year | 42/48 | €10,609 | €13,709 | +€3,100 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €7,017 | €7,284 | +€267 | +3.8% |
| Financial debts | 43 | - | €125 | +€125 | |
| Credit institutions | 430/8 | - | €125 | +€125 | |
| Trade debts | 44 | €2,921 | €5,618 | +€2,698 | +92.4% |
| Suppliers | 440/4 | €2,921 | €5,618 | +€2,698 | +92.4% |
| Taxes, remuneration and social security | 45 | €671 | €682 | +€11 | +1.6% |
| Taxes | 450/3 | €671 | €682 | +€11 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €692 | +€692 | |
| Remuneration, social security and pensions | 62 | €620 | €282 | -€338 | -54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,067 | €8,067 | = | 0.0% |
| Other operating charges | 640/8 | €1,010 | €1,034 | +€24 | +2.3% |
| Gross operating margin | 9900 | €9,562 | €14,863 | +€5,301 | +55.4% |
| Operating profit (loss) | 9901 | -€136 | €5,480 | +€5,615 | |
| Financial income | 75/76B | €302 | €684 | +€382 | +127% |
| Recurring financial income | 75 | €302 | €684 | +€382 | +127% |
| Financial charges | 65/66B | €1,277 | €1,046 | -€231 | -18.1% |
| Recurring financial charges | 65 | €1,277 | €1,046 | -€231 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,111 | €5,117 | +€6,228 | |
| Income taxes | 67/77 | €948 | €2,002 | +€1,054 | +111% |
| Profit (loss) for the period | 9904 | -€2,059 | €3,115 | +€5,174 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,059 | €3,115 | +€5,174 |
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 20 October 2026 via checked.be.