CORECOs: 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.
CORECOs
Largest movements
- Cash -€31,894
down €31,894 (-34.3%), from €92,991 to €61,097
mainly Net result for the year (-€36,289) and Trade debts (-€3,973)
- Tangible fixed assets -€7,500
down €7,500 (-19.0%), from €39,460 to €31,960
- Profit (loss) carried forward -€36,289
down €36,289 (-337.4%), from -€10,754 to -€47,043
- Trade debts -€3,973
down €3,973 (-90.9%), from €4,373 to €400
- Gross operating margin -€47,499
down €47,499, from €22,915 to -€24,583
- Other operating charges -€1,955
down €1,955 (-31.3%), from €6,251 to €4,296
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 | €136,619 | €96,357 | -€40,262 | -29.5% |
| Fixed assets | 21/28 | €39,460 | €31,960 | -€7,500 | -19.0% |
| Tangible fixed assets | 22/27 | €39,460 | €31,960 | -€7,500 | -19.0% |
| Land and buildings | 22 | €39,460 | €31,960 | -€7,500 | -19.0% |
| Current assets | 29/58 | €97,158 | €64,397 | -€32,762 | -33.7% |
| Amounts receivable within one year | 40/41 | €4,168 | €3,300 | -€868 | -20.8% |
| Trade receivables | 40 | €248 | €3,188 | +€2,940 | +1184.2% |
| Other amounts receivable | 41 | €3,919 | €112 | -€3,807 | -97.1% |
| Cash at bank and in hand | 54/58 | €92,991 | €61,097 | -€31,894 | -34.3% |
| Total equity and liabilities | 10/49 | €136,619 | €96,357 | -€40,262 | -29.5% |
| Equity | 10/15 | €132,246 | €95,957 | -€36,289 | -27.4% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €13,000 | €13,000 | = | 0.0% |
| Distributable reserves | 133 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,754 | -€47,043 | -€36,289 | -337.4% |
| Amounts payable | 17/49 | €4,373 | €400 | -€3,973 | -90.9% |
| Amounts payable within one year | 42/48 | €4,373 | €400 | -€3,973 | -90.9% |
| Trade debts | 44 | €4,373 | €400 | -€3,973 | -90.9% |
| Suppliers | 440/4 | €4,373 | €400 | -€3,973 | -90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,500 | €7,500 | = | 0.0% |
| Other operating charges | 640/8 | €6,251 | €4,296 | -€1,955 | -31.3% |
| Gross operating margin | 9900 | €22,915 | -€24,583 | -€47,499 | |
| Operating profit (loss) | 9901 | €9,164 | -€36,380 | -€45,544 | |
| Financial income | 75/76B | - | €137 | +€137 | |
| Recurring financial income | 75 | - | €137 | +€137 | |
| Financial charges | 65/66B | €46 | €46 | = | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €9,118 | -€36,289 | -€45,406 | |
| Profit (loss) for the period | 9904 | €9,118 | -€36,289 | -€45,406 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,118 | -€36,289 | -€45,406 |
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 5 October 2026 via checked.be.