CORCOOL: 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.
CORCOOL
Largest movements
- Tangible fixed assets +€468,306
up €468,306 (+53.3%), from €878,317 to €1.3m
of which Plant, machinery and equipment: +€542,819
- Cash +€35,665
up €35,665 (+50.0%), from €71,350 to €107,015
mainly Debts after one year (+€601,984) and Depreciation (+€160,194)
- Receivables within one year +€18,923
up €18,923 (+16.8%), from €112,394 to €131,317
of which Trade receivables: +€35,315
- Debts after one year +€601,984
up €601,984 (+123%), from €491,374 to €1.1m
- Trade debts -€243,531
down €243,531 (-85.9%), from €283,372 to €39,841
- Current portion of long-term debt +€69,573
up €69,573 (+66.2%), from €105,134 to €174,707
- Reserves +€56,346
up €56,346 (+45.7%), from €123,235 to €179,581
of which Distributable reserves: +€56,346
- Tax, wage and social debts +€33,357
up €33,357 (+430%), from €7,750 to €41,107
- Gross operating margin +€67,118
up €67,118 (+35.2%), from €190,799 to €257,917
- Depreciation +€47,632
up €47,632 (+42.3%), from €112,562 to €160,194
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 | €1,065,675 | €1,586,811 | +€521,136 | +48.9% |
| Fixed assets | 21/28 | €878,317 | €1,346,623 | +€468,306 | +53.3% |
| Tangible fixed assets | 22/27 | €878,317 | €1,346,623 | +€468,306 | +53.3% |
| Land and buildings | 22 | €526,013 | €474,824 | -€51,189 | -9.7% |
| Plant, machinery and equipment | 23 | €305,889 | €848,708 | +€542,819 | +177% |
| Furniture and vehicles | 24 | €46,415 | €23,091 | -€23,324 | -50.3% |
| Current assets | 29/58 | €187,358 | €240,188 | +€52,830 | +28.2% |
| Amounts receivable within one year | 40/41 | €112,394 | €131,317 | +€18,923 | +16.8% |
| Trade receivables | 40 | €96,002 | €131,317 | +€35,315 | +36.8% |
| Other amounts receivable | 41 | €16,392 | - | -€16,392 | |
| Cash at bank and in hand | 54/58 | €71,350 | €107,015 | +€35,665 | +50.0% |
| Deferred charges and accrued income | 490/1 | €3,614 | €1,856 | -€1,758 | -48.6% |
| Total equity and liabilities | 10/49 | €1,065,675 | €1,586,811 | +€521,136 | +48.9% |
| Equity | 10/15 | €178,045 | €237,769 | +€59,724 | +33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,235 | €179,581 | +€56,346 | +45.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €121,375 | €177,721 | +€56,346 | +46.4% |
| Profit (loss) carried forward | 14 | €6,346 | €13,843 | +€7,497 | +118% |
| Investment grants | 15 | €29,864 | €25,745 | -€4,119 | -13.8% |
| Amounts payable | 17/49 | €887,630 | €1,349,042 | +€461,412 | +52.0% |
| Amounts payable after more than one year | 17 | €491,374 | €1,093,358 | +€601,984 | +123% |
| Financial debts | 170/4 | €491,374 | €1,093,358 | +€601,984 | +123% |
| Amounts payable within one year | 42/48 | €396,256 | €255,684 | -€140,572 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €105,134 | €174,707 | +€69,573 | +66.2% |
| Trade debts | 44 | €283,372 | €39,841 | -€243,531 | -85.9% |
| Suppliers | 440/4 | €283,372 | €39,841 | -€243,531 | -85.9% |
| Taxes, remuneration and social security | 45 | €7,750 | €41,107 | +€33,357 | +430% |
| Taxes | 450/3 | €7,750 | €41,107 | +€33,357 | +430% |
| Other amounts payable | 47/48 | - | €29 | +€29 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,562 | €160,194 | +€47,632 | +42.3% |
| Other operating charges | 640/8 | €15,483 | €17,737 | +€2,254 | +14.6% |
| Gross operating margin | 9900 | €190,799 | €257,917 | +€67,118 | +35.2% |
| Operating profit (loss) | 9901 | €62,754 | €79,986 | +€17,232 | +27.5% |
| Financial income | 75/76B | €4,120 | €4,129 | +€9 | +0.2% |
| Recurring financial income | 75 | €4,120 | €4,129 | +€9 | +0.2% |
| Financial charges | 65/66B | €15,282 | €15,513 | +€231 | +1.5% |
| Recurring financial charges | 65 | €15,282 | €15,513 | +€231 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €51,592 | €68,602 | +€17,010 | +33.0% |
| Income taxes | 67/77 | €5,246 | €4,759 | -€487 | -9.3% |
| Profit (loss) for the period | 9904 | €46,346 | €63,843 | +€17,497 | +37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,346 | €63,843 | +€17,497 | +37.8% |
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 13 October 2026 via checked.be.