CORCON: 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.
CORCON
Largest movements
- Receivables within one year +€99,288
up €99,288 (+31.6%), from €314,496 to €413,784
of which Other amounts receivable: +€111,669
- Tangible fixed assets -€31,927
down €31,927 (-32.4%), from €98,533 to €66,606
of which Plant, machinery and equipment: -€17,799
- Other debts +€229,343
up €229,343 (+34,907%), from €657 to €230,000
- Reserves -€172,356
down €172,356 (-37.7%), from €457,741 to €285,386
of which Distributable reserves: -€172,356
- Tax, wage and social debts +€9,438
up €9,438 (+11.2%), from €84,317 to €93,754
of which Taxes: +€14,267
- Gross operating margin +€53,326
up €53,326 (+7.4%), from €721,645 to €774,971
- Staff costs +€14,498
up €14,498 (+2.2%), from €646,089 to €660,587
- Taxes +€13,013
up €13,013 (+112%), from €11,617 to €24,630
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 | €561,315 | €632,250 | +€70,935 | +12.6% |
| Fixed assets | 21/28 | €98,533 | €66,606 | -€31,927 | -32.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €98,533 | €66,606 | -€31,927 | -32.4% |
| Land and buildings | 22 | €13,600 | €9,335 | -€4,266 | -31.4% |
| Plant, machinery and equipment | 23 | €62,440 | €44,641 | -€17,799 | -28.5% |
| Furniture and vehicles | 24 | €22,493 | €12,630 | -€9,862 | -43.8% |
| Current assets | 29/58 | €462,782 | €565,644 | +€102,862 | +22.2% |
| Amounts receivable within one year | 40/41 | €314,496 | €413,784 | +€99,288 | +31.6% |
| Trade receivables | 40 | €189,194 | €176,813 | -€12,381 | -6.5% |
| Other amounts receivable | 41 | €125,302 | €236,971 | +€111,669 | +89.1% |
| Cash at bank and in hand | 54/58 | €146,250 | €148,649 | +€2,400 | +1.6% |
| Deferred charges and accrued income | 490/1 | €2,036 | €3,210 | +€1,174 | +57.7% |
| Total equity and liabilities | 10/49 | €561,315 | €632,250 | +€70,935 | +12.6% |
| Equity | 10/15 | €476,341 | €303,986 | -€172,356 | -36.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €457,741 | €285,386 | -€172,356 | -37.7% |
| Non-distributable reserves | 130/1 | €1,826 | €1,826 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,826 | €1,826 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,325 | €15,325 | = | 0.0% |
| Distributable reserves | 133 | €440,591 | €268,235 | -€172,356 | -39.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €84,974 | €328,264 | +€243,291 | +286% |
| Amounts payable within one year | 42/48 | €84,974 | €328,264 | +€243,291 | +286% |
| Trade debts | 44 | €0 | €4,510 | +€4,510 | |
| Suppliers | 440/4 | €0 | €4,510 | +€4,510 | |
| Taxes, remuneration and social security | 45 | €84,317 | €93,754 | +€9,438 | +11.2% |
| Taxes | 450/3 | €8,920 | €23,187 | +€14,267 | +160% |
| Remuneration and social security | 454/9 | €75,396 | €70,567 | -€4,829 | -6.4% |
| Other amounts payable | 47/48 | €657 | €230,000 | +€229,343 | +34,907% |
| Remuneration, social security and pensions | 62 | €646,089 | €660,587 | +€14,498 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,510 | €31,927 | -€7,582 | -19.2% |
| Other operating charges | 640/8 | €2,079 | €2,286 | +€207 | +10.0% |
| Gross operating margin | 9900 | €721,645 | €774,971 | +€53,326 | +7.4% |
| Operating profit (loss) | 9901 | €33,967 | €80,170 | +€46,203 | +136% |
| Financial income | 75/76B | €2,049 | €3,602 | +€1,552 | +75.7% |
| Recurring financial income | 75 | €2,049 | €3,602 | +€1,552 | +75.7% |
| Financial charges | 65/66B | €777 | €1,498 | +€721 | +92.8% |
| Recurring financial charges | 65 | €777 | €1,498 | +€721 | +92.8% |
| Profit (loss) for the period before taxes | 9903 | €35,240 | €82,274 | +€47,035 | +133% |
| Income taxes | 67/77 | €11,617 | €24,630 | +€13,013 | +112% |
| Profit (loss) for the period | 9904 | €23,623 | €57,644 | +€34,022 | +144% |
| Profit (loss) for the period to be appropriated | 9905 | €23,623 | €57,644 | +€34,022 | +144% |
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 31 October 2026 via checked.be.