COREBIZ: what changed
What changed
COREBIZ
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€115,160
2024 · €88,808+€26,351
Equity
€637,770
2024 · €522,610+€115,160
Cash
€38,842
2024 · €35,035+€3,807
Balance sheet total
€684,512
2024 · €642,391+€42,121
Largest movements
Assets
- Current investments +€133,080
up €133,080 (+602%), from €22,098 to €155,179
- Deferred charges and accrued income -€77,946
down €77,946 (-83.9%), from €92,943 to €14,997
- Tangible fixed assets -€31,734
down €31,734 (-12.3%), from €257,602 to €225,868
- Receivables within one year +€14,914
up €14,914 (+111%), from €13,437 to €28,350
of which Trade receivables: +€18,992
Equity and liabilities
- Reserves +€115,160
up €115,160 (+24.7%), from €466,417 to €581,577
of which Distributable reserves: +€115,160
- Short-term financial debts -€41,919
down €41,919 (-100%), from €41,919 to €0
- Tax, wage and social debts -€14,583
down €14,583 (-64.5%), from €22,599 to €8,016
- Debts after one year -€8,245
down €8,245 (-24.5%), from €33,625 to €25,380
- Current portion of long-term debt -€8,190
down €8,190 (-49.8%), from €16,435 to €8,245
Income statement
- Gross operating margin +€29,278
up €29,278 (+17.3%), from €168,806 to €198,085
- Financial charges +€11,030
up €11,030 (+508%), from €2,170 to €13,199
- Financial income +€10,794
up €10,794 (+202%), from €5,349 to €16,143
- Depreciation +€5,567
up €5,567 (+18.9%), from €29,501 to €35,069
- Taxes -€2,875
down €2,875 (-5.6%), from €51,585 to €48,710
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€88,808
Gross operating margin
+€29,278
Depreciation
-€5,567
Other operating charges
+€1
Financial income
+€10,794
Financial charges
-€11,030
Taxes
+€2,875
Result 2025
€115,160
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€198,576
Investment
-€136,415
Financing
-€58,354
Cash 2024
€35,035
From operations (derived)
+€198,576
Net result for the year
+€115,160
Depreciation
+€35,069
Receivables within one year
-€14,914
Deferred charges and accrued income
+€77,946
Trade debts
-€925
Tax, wage and social debts
-€14,583
Other debts
+€823
Investment (derived)
-€136,415
Investment in fixed assets (net)
-€3,335
Current investments
-€133,080
Financing
-€58,354
Debts after one year
-€8,245
Current portion of long-term debt
-€8,190
Short-term financial debts
-€41,919
Cash 2025
€38,842
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,391 | €684,512 | +€42,121 | +6.6% |
| Fixed assets | 21/28 | €257,602 | €225,868 | -€31,734 | -12.3% |
| Tangible fixed assets | 22/27 | €257,602 | €225,868 | -€31,734 | -12.3% |
| Land and buildings | 22 | €232,880 | €217,023 | -€15,857 | -6.8% |
| Plant, machinery and equipment | 23 | €7,455 | €6,186 | -€1,268 | -17.0% |
| Furniture and vehicles | 24 | €17,268 | €2,659 | -€14,608 | -84.6% |
| Current assets | 29/58 | €384,789 | €458,644 | +€73,855 | +19.2% |
| Amounts receivable after more than one year | 29 | €221,276 | €221,276 | = | 0.0% |
| Other amounts receivable | 291 | €221,276 | €221,276 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,437 | €28,350 | +€14,914 | +111% |
| Trade receivables | 40 | €0 | €18,992 | +€18,992 | |
| Other amounts receivable | 41 | €13,437 | €9,359 | -€4,078 | -30.3% |
| Current investments | 50/53 | €22,098 | €155,179 | +€133,080 | +602% |
| Cash at bank and in hand | 54/58 | €35,035 | €38,842 | +€3,807 | +10.9% |
| Deferred charges and accrued income | 490/1 | €92,943 | €14,997 | -€77,946 | -83.9% |
| Total equity and liabilities | 10/49 | €642,391 | €684,512 | +€42,121 | +6.6% |
| Equity | 10/15 | €522,610 | €637,770 | +€115,160 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €466,417 | €581,577 | +€115,160 | +24.7% |
| Tax-exempt reserves | 132 | €31,575 | €31,575 | = | 0.0% |
| Distributable reserves | 133 | €434,842 | €550,002 | +€115,160 | +26.5% |
| Profit (loss) carried forward | 14 | €49,993 | €49,993 | = | 0.0% |
| Amounts payable | 17/49 | €119,780 | €46,742 | -€73,039 | -61.0% |
| Amounts payable after more than one year | 17 | €33,625 | €25,380 | -€8,245 | -24.5% |
| Financial debts | 170/4 | €33,625 | €25,380 | -€8,245 | -24.5% |
| Amounts payable within one year | 42/48 | €86,156 | €21,362 | -€64,794 | -75.2% |
| Current portion of amounts payable after more than one year | 42 | €16,435 | €8,245 | -€8,190 | -49.8% |
| Financial debts | 43 | €41,919 | €0 | -€41,919 | -100% |
| Credit institutions | 430/8 | €41,919 | €0 | -€41,919 | -100% |
| Trade debts | 44 | €5,094 | €4,168 | -€925 | -18.2% |
| Suppliers | 440/4 | €5,094 | €4,168 | -€925 | -18.2% |
| Taxes, remuneration and social security | 45 | €22,599 | €8,016 | -€14,583 | -64.5% |
| Taxes | 450/3 | €22,599 | €8,016 | -€14,583 | -64.5% |
| Other amounts payable | 47/48 | €110 | €933 | +€823 | +749% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,501 | €35,069 | +€5,567 | +18.9% |
| Other operating charges | 640/8 | €2,091 | €2,090 | -€1 | -0.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €168,806 | €198,085 | +€29,278 | +17.3% |
| Operating profit (loss) | 9901 | €137,214 | €160,926 | +€23,712 | +17.3% |
| Financial income | 75/76B | €5,349 | €16,143 | +€10,794 | +202% |
| Recurring financial income | 75 | €5,349 | €16,143 | +€10,794 | +202% |
| Financial charges | 65/66B | €2,170 | €13,199 | +€11,030 | +508% |
| Recurring financial charges | 65 | €2,170 | €13,199 | +€11,030 | +508% |
| Profit (loss) for the period before taxes | 9903 | €140,393 | €163,870 | +€23,477 | +16.7% |
| Income taxes | 67/77 | €51,585 | €48,710 | -€2,875 | -5.6% |
| Profit (loss) for the period | 9904 | €88,808 | €115,160 | +€26,351 | +29.7% |
| Transfer from tax-exempt reserves | 789 | €33,680 | €0 | -€33,680 | -100% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €122,488 | €115,160 | -€7,329 | -6.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.