CORE-IT: what changed
Two fiscal 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.
CORE-IT
Largest movements
- Receivables within one year +€30,643
up €30,643 (+63.4%), from €48,367 to €79,010
of which Trade receivables: +€27,691
- Cash +€30,253
up €30,253 (+33.3%), from €90,726 to €120,979
mainly Net result for the year (+€47,977) and Depreciation (+€15,650)
- Intangible fixed assets -€8,000
down €8,000 (-36.4%), from €22,000 to €14,000
- Tangible fixed assets +€5,893
up €5,893 (+22.8%), from €25,881 to €31,774
of which Furniture and vehicles: +€8,044
- Profit (loss) carried forward +€47,977
up €47,977 (+46.5%), from €103,070 to €151,048
- Reserves -€15,623
down €15,623 (-89.4%), from €17,483 to €1,860
- Other debts +€14,608
new in 2025: €14,608
- Trade debts +€8,025
up €8,025 (+31.2%), from €25,709 to €33,734
- Tax, wage and social debts +€3,949
up €3,949 (+11.3%), from €34,820 to €38,769
of which Taxes: +€5,278
- Gross operating margin +€14,350
up €14,350 (+11.5%), from €124,786 to €139,135
- Taxes +€3,993
up €3,993 (+23.2%), from €17,213 to €21,206
- Other operating charges -€2,492
down €2,492 (-73.3%), from €3,401 to €910
- Depreciation +€2,123
up €2,123 (+15.7%), from €13,528 to €15,650
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.
Cash bridge derived
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 | €187,308 | €246,347 | +€59,039 | +31.5% |
| Fixed assets | 21/28 | €47,911 | €45,804 | -€2,107 | -4.4% |
| Intangible fixed assets | 21 | €22,000 | €14,000 | -€8,000 | -36.4% |
| Tangible fixed assets | 22/27 | €25,881 | €31,774 | +€5,893 | +22.8% |
| Furniture and vehicles | 24 | €5,946 | €13,990 | +€8,044 | +135.3% |
| Other tangible fixed assets | 26 | €19,935 | €17,785 | -€2,151 | -10.8% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €139,397 | €200,543 | +€61,145 | +43.9% |
| Stocks and contracts in progress | 3 | - | €255 | +€255 | |
| Stocks | 30/36 | - | €255 | +€255 | |
| Amounts receivable within one year | 40/41 | €48,367 | €79,010 | +€30,643 | +63.4% |
| Trade receivables | 40 | €21,434 | €49,125 | +€27,691 | +129.2% |
| Other amounts receivable | 41 | €26,933 | €29,885 | +€2,952 | +11.0% |
| Cash at bank and in hand | 54/58 | €90,726 | €120,979 | +€30,253 | +33.3% |
| Deferred charges and accrued income | 490/1 | €304 | €299 | -€6 | -1.9% |
| Total equity and liabilities | 10/49 | €187,308 | €246,347 | +€59,039 | +31.5% |
| Equity | 10/15 | €126,754 | €159,108 | +€32,354 | +25.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,483 | €1,860 | -€15,623 | -89.4% |
| Distributable reserves | 133 | €17,483 | €1,860 | -€15,623 | -89.4% |
| Profit (loss) carried forward | 14 | €103,070 | €151,048 | +€47,977 | +46.5% |
| Amounts payable | 17/49 | €60,555 | €87,240 | +€26,685 | +44.1% |
| Amounts payable within one year | 42/48 | €60,555 | €87,111 | +€26,557 | +43.9% |
| Trade debts | 44 | €25,709 | €33,734 | +€8,025 | +31.2% |
| Suppliers | 440/4 | €25,709 | €33,734 | +€8,025 | +31.2% |
| Advances received on contracts in progress | 46 | €25 | - | -€25 | |
| Taxes, remuneration and social security | 45 | €34,820 | €38,769 | +€3,949 | +11.3% |
| Taxes | 450/3 | €26,579 | €31,857 | +€5,278 | +19.9% |
| Remuneration and social security | 454/9 | €8,241 | €6,913 | -€1,329 | -16.1% |
| Other amounts payable | 47/48 | - | €14,608 | +€14,608 | |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Non-recurring operating income | 76A | €675 | - | -€675 | |
| Remuneration, social security and pensions | 62 | €49,798 | €49,560 | -€238 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,528 | €15,650 | +€2,123 | +15.7% |
| Other operating charges | 640/8 | €3,401 | €910 | -€2,492 | -73.3% |
| Non-recurring operating charges | 66A | - | €1,050 | +€1,050 | |
| Gross operating margin | 9900 | €124,786 | €139,135 | +€14,350 | +11.5% |
| Operating profit (loss) | 9901 | €58,058 | €71,965 | +€13,906 | +24.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.3% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.3% |
| Financial charges | 65/66B | €3,908 | €2,781 | -€1,127 | -28.8% |
| Recurring financial charges | 65 | €3,908 | €2,781 | -€1,127 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €54,151 | €69,183 | +€15,032 | +27.8% |
| Income taxes | 67/77 | €17,213 | €21,206 | +€3,993 | +23.2% |
| Profit (loss) for the period | 9904 | €36,938 | €47,977 | +€11,039 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,938 | €47,977 | +€11,039 | +29.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.