COREC: 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.
COREC
Largest movements
- Cash +€22,160
up €22,160 (+1880.7%), from €1,178 to €23,338
mainly Net result for the year (+€23,784) and Other debts (+€5,106)
- Receivables within one year +€9,531
up €9,531 (+56.2%), from €16,963 to €26,494
- Tangible fixed assets +€3,712
up €3,712 (+187.6%), from €1,979 to €5,691
of which Other tangible fixed assets: +€1,970
- Profit (loss) carried forward +€23,784
up €23,784, from -€16,246 to €7,537
- Other debts +€5,106
up €5,106 (+17.2%), from €29,686 to €34,792
- Tax, wage and social debts +€3,064
up €3,064 (+1903.0%), from €161 to €3,225
- Accrued charges and deferred income +€2,321
new in 2025: €2,321
- Trade debts +€1,084
up €1,084 (+30.5%), from €3,549 to €4,633
- Gross operating margin +€47,825
up €47,825, from -€15,133 to €32,691
- Financial charges +€3,892
up €3,892 (+386.6%), from €1,007 to €4,899
- Taxes +€3,073
up €3,073 (+4054.4%), from €76 to €3,149
- Depreciation +€690
up €690 (+2272.7%), from €30 to €721
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 | €22,369 | €57,509 | +€35,140 | +157.1% |
| Fixed assets | 21/28 | €1,979 | €5,691 | +€3,712 | +187.6% |
| Tangible fixed assets | 22/27 | €1,979 | €5,691 | +€3,712 | +187.6% |
| Furniture and vehicles | 24 | - | €1,742 | +€1,742 | |
| Other tangible fixed assets | 26 | €1,979 | €3,949 | +€1,970 | +99.6% |
| Current assets | 29/58 | €20,390 | €51,818 | +€31,428 | +154.1% |
| Amounts receivable within one year | 40/41 | €16,963 | €26,494 | +€9,531 | +56.2% |
| Trade receivables | 40 | €16,963 | €26,494 | +€9,531 | +56.2% |
| Cash at bank and in hand | 54/58 | €1,178 | €23,338 | +€22,160 | +1880.7% |
| Deferred charges and accrued income | 490/1 | €2,249 | €1,986 | -€263 | -11.7% |
| Total equity and liabilities | 10/49 | €22,369 | €57,509 | +€35,140 | +157.1% |
| Equity | 10/15 | -€11,246 | €12,537 | +€23,784 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,246 | €7,537 | +€23,784 | |
| Amounts payable | 17/49 | €33,615 | €44,971 | +€11,356 | +33.8% |
| Amounts payable within one year | 42/48 | €33,615 | €42,650 | +€9,035 | +26.9% |
| Financial debts | 43 | €219 | €0 | -€219 | -100.0% |
| Credit institutions | 430/8 | €219 | €0 | -€219 | -100.0% |
| Trade debts | 44 | €3,549 | €4,633 | +€1,084 | +30.5% |
| Suppliers | 440/4 | €3,549 | €4,633 | +€1,084 | +30.5% |
| Taxes, remuneration and social security | 45 | €161 | €3,225 | +€3,064 | +1903.0% |
| Taxes | 450/3 | €161 | €3,225 | +€3,064 | +1903.0% |
| Other amounts payable | 47/48 | €29,686 | €34,792 | +€5,106 | +17.2% |
| Accrued charges and deferred income | 492/3 | - | €2,321 | +€2,321 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30 | €721 | +€690 | +2272.7% |
| Other operating charges | 640/8 | - | €139 | +€139 | |
| Gross operating margin | 9900 | -€15,133 | €32,691 | +€47,825 | |
| Operating profit (loss) | 9901 | -€15,164 | €31,832 | +€46,995 | |
| Financial charges | 65/66B | €1,007 | €4,899 | +€3,892 | +386.6% |
| Recurring financial charges | 65 | €1,007 | €4,899 | +€3,892 | +386.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,170 | €26,933 | +€43,103 | |
| Income taxes | 67/77 | €76 | €3,149 | +€3,073 | +4054.4% |
| Profit (loss) for the period | 9904 | -€16,246 | €23,784 | +€40,030 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,246 | €23,784 | +€40,030 |
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 6 October 2026 via checked.be.