CORECOM: 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.
CORECOM
Largest movements
- Cash +€47,542
up €47,542 (+162.6%), from €29,248 to €76,790
mainly Trade debts (+€27,124) and Net result for the year (+€26,484)
- Tangible fixed assets -€10,930
down €10,930 (-9.1%), from €119,902 to €108,972
- Stocks and contracts +€4,287
up €4,287 (+21.2%), from €20,203 to €24,489
- Trade debts +€27,124
up €27,124 (+93.8%), from €28,914 to €56,037
- Reserves +€20,273
up €20,273 (+342.5%), from €5,918 to €26,191
of which Distributable reserves: +€20,273
- Debts after one year -€13,069
down €13,069 (-13.3%), from €97,984 to €84,915
- Tax, wage and social debts +€7,343
up €7,343 (+209.8%), from €3,500 to €10,844
- Profit (loss) carried forward +€6,211
no longer reported in 2025 (was -€6,211)
- Gross operating margin +€26,829
up €26,829 (+131.3%), from €20,439 to €47,268
- Taxes +€3,137
new in 2025: €3,137
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 | €170,961 | €213,047 | +€42,086 | +24.6% |
| Fixed assets | 21/28 | €119,902 | €108,972 | -€10,930 | -9.1% |
| Tangible fixed assets | 22/27 | €119,902 | €108,972 | -€10,930 | -9.1% |
| Land and buildings | 22 | €119,902 | €108,972 | -€10,930 | -9.1% |
| Current assets | 29/58 | €51,058 | €104,075 | +€53,016 | +103.8% |
| Stocks and contracts in progress | 3 | €20,203 | €24,489 | +€4,287 | +21.2% |
| Stocks | 30/36 | €20,203 | €24,489 | +€4,287 | +21.2% |
| Amounts receivable within one year | 40/41 | €1,608 | €2,795 | +€1,187 | +73.8% |
| Trade receivables | 40 | €1,608 | €2,758 | +€1,150 | +71.5% |
| Other amounts receivable | 41 | - | €38 | +€38 | |
| Cash at bank and in hand | 54/58 | €29,248 | €76,790 | +€47,542 | +162.6% |
| Total equity and liabilities | 10/49 | €170,961 | €213,047 | +€42,086 | +24.6% |
| Equity | 10/15 | €18,307 | €44,791 | +€26,484 | +144.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,918 | €26,191 | +€20,273 | +342.5% |
| Tax-exempt reserves | 132 | €3,316 | €3,316 | = | 0.0% |
| Distributable reserves | 133 | €2,602 | €22,875 | +€20,273 | +779.1% |
| Profit (loss) carried forward | 14 | -€6,211 | - | +€6,211 | |
| Amounts payable | 17/49 | €152,654 | €168,255 | +€15,601 | +10.2% |
| Amounts payable after more than one year | 17 | €97,984 | €84,915 | -€13,069 | -13.3% |
| Financial debts | 170/4 | €97,984 | €84,915 | -€13,069 | -13.3% |
| Amounts payable within one year | 42/48 | €54,670 | €83,341 | +€28,670 | +52.4% |
| Current portion of amounts payable after more than one year | 42 | €13,575 | €13,069 | -€506 | -3.7% |
| Trade debts | 44 | €28,914 | €56,037 | +€27,124 | +93.8% |
| Suppliers | 440/4 | €28,914 | €56,037 | +€27,124 | +93.8% |
| Taxes, remuneration and social security | 45 | €3,500 | €10,844 | +€7,343 | +209.8% |
| Taxes | 450/3 | €3,500 | €10,844 | +€7,343 | +209.8% |
| Other amounts payable | 47/48 | €8,682 | €3,391 | -€5,291 | -60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,951 | €10,930 | -€21 | -0.2% |
| Other operating charges | 640/8 | €1,401 | €1,398 | -€3 | -0.2% |
| Gross operating margin | 9900 | €20,439 | €47,268 | +€26,829 | +131.3% |
| Operating profit (loss) | 9901 | €8,087 | €34,939 | +€26,852 | +332.0% |
| Financial income | 75/76B | €11 | €11 | -€0 | -2.1% |
| Recurring financial income | 75 | €11 | €11 | -€0 | -2.1% |
| Financial charges | 65/66B | €5,646 | €5,328 | -€317 | -5.6% |
| Recurring financial charges | 65 | €5,646 | €5,328 | -€317 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €2,452 | €29,621 | +€27,169 | +1108.0% |
| Income taxes | 67/77 | - | €3,137 | +€3,137 | |
| Profit (loss) for the period | 9904 | €2,452 | €26,484 | +€24,032 | +980.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,452 | €26,484 | +€24,032 | +980.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.