CoreAalst: 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.
CoreAalst
Largest movements
- Stocks and contracts -€5.5m
down €5.5m (-100%), from €5.5m to €0
- Receivables within one year +€1.9m
up €1.9m (+235%), from €829,920 to €2.8m
of which Trade receivables: +€2.0m
- Cash -€249,138
down €249,138 (-15.8%), from €1.6m to €1.3m
mainly Advances received (-€5.7m) and Receivables within one year (-€1.9m)
- Advances received -€5.7m
down €5.7m (-85.5%), from €6.7m to €963,059
- Reserves +€1.3m
up €1.3m (+183%), from €684,237 to €1.9m
- Tax, wage and social debts +€438,065
up €438,065 (+245%), from €178,461 to €616,526
of which Taxes: +€435,555
- Accrued charges and deferred income +€136,255
up €136,255, from €0 to €136,255
- Gross operating margin +€991,187
up €991,187 (+105%), from €944,992 to €1.9m
- Taxes +€256,197
up €256,197 (+121%), from €211,127 to €467,324
- Staff costs +€45,319
up €45,319 (+29.6%), from €153,078 to €198,398
- Financial income -€31,649
down €31,649 (-68.0%), from €46,533 to €14,884
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 | €8,007,131 | €4,159,442 | -€3.8m | -48.1% |
| Fixed assets | 21/28 | €51,331 | €45,620 | -€5,711 | -11.1% |
| Intangible fixed assets | 21 | €16,239 | €14,510 | -€1,728 | -10.6% |
| Tangible fixed assets | 22/27 | €34,780 | €31,110 | -€3,670 | -10.6% |
| Plant, machinery and equipment | 23 | €4,838 | €2,860 | -€1,978 | -40.9% |
| Furniture and vehicles | 24 | €29,943 | €28,250 | -€1,692 | -5.7% |
| Financial fixed assets | 28 | €312 | €0 | -€312 | -100% |
| Current assets | 29/58 | €7,955,800 | €4,113,822 | -€3.8m | -48.3% |
| Stocks and contracts in progress | 3 | €5,538,659 | €0 | -€5.5m | -100% |
| Contracts in progress | 37 | €5,538,659 | €0 | -€5.5m | -100% |
| Amounts receivable within one year | 40/41 | €829,920 | €2,777,063 | +€1.9m | +235% |
| Trade receivables | 40 | €725,180 | €2,678,569 | +€2.0m | +269% |
| Other amounts receivable | 41 | €104,740 | €98,494 | -€6,246 | -6.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,577,684 | €1,328,546 | -€249,138 | -15.8% |
| Deferred charges and accrued income | 490/1 | €9,538 | €8,213 | -€1,325 | -13.9% |
| Total equity and liabilities | 10/49 | €8,007,131 | €4,159,442 | -€3.8m | -48.1% |
| Equity | 10/15 | €712,237 | €1,963,531 | +€1.3m | +176% |
| Contributions | 10/11 | €28,000 | €28,000 | = | 0.0% |
| Reserves | 13 | €684,237 | €1,935,531 | +€1.3m | +183% |
| Distributable reserves | 133 | €684,237 | €1,935,531 | +€1.3m | +183% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,294,895 | €2,195,911 | -€5.1m | -69.9% |
| Amounts payable within one year | 42/48 | €7,294,895 | €2,059,656 | -€5.2m | -71.8% |
| Financial debts | 43 | €2,995 | €0 | -€2,995 | -100% |
| Credit institutions | 430/8 | €2,995 | €0 | -€2,995 | -100% |
| Trade debts | 44 | €451,202 | €477,042 | +€25,840 | +5.7% |
| Suppliers | 440/4 | €451,202 | €477,042 | +€25,840 | +5.7% |
| Advances received on contracts in progress | 46 | €6,659,207 | €963,059 | -€5.7m | -85.5% |
| Taxes, remuneration and social security | 45 | €178,461 | €616,526 | +€438,065 | +245% |
| Taxes | 450/3 | €157,386 | €592,941 | +€435,555 | +277% |
| Remuneration and social security | 454/9 | €21,076 | €23,586 | +€2,510 | +11.9% |
| Other amounts payable | 47/48 | €3,029 | €3,029 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | €136,255 | +€136,255 | |
| Non-recurring operating income | 76A | €6,685 | €0 | -€6,685 | -100% |
| Remuneration, social security and pensions | 62 | €153,078 | €198,398 | +€45,319 | +29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,850 | €22,131 | +€5,282 | +31.3% |
| Other operating charges | 640/8 | €1,519 | €3,605 | +€2,086 | +137% |
| Gross operating margin | 9900 | €944,992 | €1,936,179 | +€991,187 | +105% |
| Operating profit (loss) | 9901 | €773,545 | €1,712,045 | +€938,500 | +121% |
| Financial income | 75/76B | €46,533 | €14,884 | -€31,649 | -68.0% |
| Recurring financial income | 75 | €46,533 | €14,884 | -€31,649 | -68.0% |
| Financial charges | 65/66B | €16,343 | €8,310 | -€8,033 | -49.2% |
| Recurring financial charges | 65 | €8,535 | €8,310 | -€226 | -2.6% |
| Non-recurring financial charges | 66B | €7,807 | €0 | -€7,807 | -100% |
| Profit (loss) for the period before taxes | 9903 | €803,735 | €1,718,618 | +€914,883 | +114% |
| Income taxes | 67/77 | €211,127 | €467,324 | +€256,197 | +121% |
| Profit (loss) for the period | 9904 | €592,608 | €1,251,294 | +€658,686 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €592,608 | €1,251,294 | +€658,686 | +111% |
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 16 October 2026 via checked.be.