Core-Stability: 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-Stability
Largest movements
- Cash +€9,444
up €9,444 (+102.5%), from €9,217 to €18,661
mainly Accrued charges and deferred income (+€6,591) and Tax, wage and social debts (+€4,346)
- Receivables within one year +€3,688
up €3,688 (+378.3%), from €975 to €4,663
- Deferred charges and accrued income +€1,120
up €1,120 (+249.9%), from €448 to €1,568
- Tangible fixed assets -€565
down €565 (-4.8%), from €11,892 to €11,327
- Accrued charges and deferred income +€6,591
up €6,591 (+1098.5%), from €600 to €7,191
- Tax, wage and social debts +€4,346
up €4,346 (+74.7%), from €5,821 to €10,167
- Reserves +€2,818
new in 2025: €2,818
- Other debts -€599
down €599 (-4.2%), from €14,365 to €13,765
- Trade debts +€429
up €429 (+50.6%), from €848 to €1,277
- Gross operating margin +€1,856
up €1,856 (+18.5%), from €10,045 to €11,901
- Financial charges -€1,748
down €1,748 (-42.6%), from €4,105 to €2,357
- Other operating charges -€1,134
down €1,134 (-58.2%), from €1,949 to €815
- Depreciation +€814
up €814 (+122.1%), from €666 to €1,480
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 | €22,532 | €36,218 | +€13,686 | +60.7% |
| Fixed assets | 21/28 | €11,892 | €11,327 | -€565 | -4.8% |
| Tangible fixed assets | 22/27 | €11,892 | €11,327 | -€565 | -4.8% |
| Plant, machinery and equipment | 23 | €11,892 | €11,327 | -€565 | -4.8% |
| Current assets | 29/58 | €10,640 | €24,892 | +€14,251 | +133.9% |
| Amounts receivable within one year | 40/41 | €975 | €4,663 | +€3,688 | +378.3% |
| Trade receivables | 40 | €975 | €4,663 | +€3,688 | +378.3% |
| Cash at bank and in hand | 54/58 | €9,217 | €18,661 | +€9,444 | +102.5% |
| Deferred charges and accrued income | 490/1 | €448 | €1,568 | +€1,120 | +249.9% |
| Total equity and liabilities | 10/49 | €22,532 | €36,218 | +€13,686 | +60.7% |
| Equity | 10/15 | €898 | €3,818 | +€2,920 | +325.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €2,818 | +€2,818 | |
| Distributable reserves | 133 | - | €2,818 | +€2,818 | |
| Profit (loss) carried forward | 14 | -€102 | - | +€102 | |
| Amounts payable | 17/49 | €21,634 | €32,400 | +€10,767 | +49.8% |
| Amounts payable within one year | 42/48 | €21,034 | €25,209 | +€4,175 | +19.9% |
| Trade debts | 44 | €848 | €1,277 | +€429 | +50.6% |
| Suppliers | 440/4 | €848 | €1,277 | +€429 | +50.6% |
| Taxes, remuneration and social security | 45 | €5,821 | €10,167 | +€4,346 | +74.7% |
| Taxes | 450/3 | €5,821 | €10,167 | +€4,346 | +74.7% |
| Other amounts payable | 47/48 | €14,365 | €13,765 | -€599 | -4.2% |
| Accrued charges and deferred income | 492/3 | €600 | €7,191 | +€6,591 | +1098.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666 | €1,480 | +€814 | +122.1% |
| Other operating charges | 640/8 | €1,949 | €815 | -€1,134 | -58.2% |
| Gross operating margin | 9900 | €10,045 | €11,901 | +€1,856 | +18.5% |
| Operating profit (loss) | 9901 | €7,430 | €9,606 | +€2,176 | +29.3% |
| Financial income | 75/76B | €0 | €4 | +€4 | +19950.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +19950.0% |
| Financial charges | 65/66B | €4,105 | €2,357 | -€1,748 | -42.6% |
| Recurring financial charges | 65 | €4,105 | €2,357 | -€1,748 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €3,325 | €7,253 | +€3,928 | +118.1% |
| Income taxes | 67/77 | €3,427 | €3,534 | +€107 | +3.1% |
| Profit (loss) for the period | 9904 | -€102 | €3,720 | +€3,821 | |
| Profit (loss) for the period to be appropriated | 9905 | -€102 | €3,720 | +€3,821 |
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 30 September 2026 via checked.be.