CoREDaP: 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.
CoREDaP
Largest movements
- Receivables within one year +€27,638
up €27,638 (+20.4%), from €135,195 to €162,833
of which Trade receivables: +€23,075
- Tangible fixed assets -€12,284
down €12,284 (-21.9%), from €56,129 to €43,845
of which Furniture and vehicles: -€11,562
- Cash -€8,864
down €8,864 (-55.8%), from €15,889 to €7,026
mainly Receivables within one year (-€27,638) and Other debts (-€23,481)
- Deferred charges and accrued income -€6,722
down €6,722 (-17.9%), from €37,532 to €30,810
- Reserves +€27,569
up €27,569 (+19.4%), from €142,096 to €169,666
- Other debts -€23,481
down €23,481 (-85.0%), from €27,624 to €4,144
- Tax, wage and social debts -€8,351
down €8,351 (-16.6%), from €50,372 to €42,020
of which Taxes: -€18,335
- Trade debts +€4,031
up €4,031 (+63.4%), from €6,353 to €10,384
- Gross operating margin +€15,966
up €15,966 (+34.7%), from €45,990 to €61,956
- Staff costs +€15,721
new in 2025: €15,721
- Depreciation +€1,572
up €1,572 (+14.7%), from €10,712 to €12,284
- Other operating charges -€929
down €929 (-37.6%), from €2,472 to €1,543
- Financial charges -€795
down €795 (-61.6%), from €1,290 to €495
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 | €244,996 | €244,764 | -€232 | -0.1% |
| Fixed assets | 21/28 | €56,129 | €43,845 | -€12,284 | -21.9% |
| Tangible fixed assets | 22/27 | €56,129 | €43,845 | -€12,284 | -21.9% |
| Plant, machinery and equipment | 23 | €1,775 | €1,054 | -€722 | -40.7% |
| Furniture and vehicles | 24 | €54,354 | €42,792 | -€11,562 | -21.3% |
| Current assets | 29/58 | €188,866 | €200,918 | +€12,052 | +6.4% |
| Amounts receivable after more than one year | 29 | €250 | €250 | = | 0.0% |
| Trade receivables | 290 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €135,195 | €162,833 | +€27,638 | +20.4% |
| Trade receivables | 40 | - | €23,075 | +€23,075 | |
| Other amounts receivable | 41 | €135,195 | €139,757 | +€4,562 | +3.4% |
| Cash at bank and in hand | 54/58 | €15,889 | €7,026 | -€8,864 | -55.8% |
| Deferred charges and accrued income | 490/1 | €37,532 | €30,810 | -€6,722 | -17.9% |
| Total equity and liabilities | 10/49 | €244,996 | €244,764 | -€232 | -0.1% |
| Equity | 10/15 | €160,646 | €188,216 | +€27,569 | +17.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €142,096 | €169,666 | +€27,569 | +19.4% |
| Distributable reserves | 133 | €142,096 | €169,666 | +€27,569 | +19.4% |
| Amounts payable | 17/49 | €84,349 | €56,548 | -€27,801 | -33.0% |
| Amounts payable within one year | 42/48 | €84,349 | €56,548 | -€27,801 | -33.0% |
| Trade debts | 44 | €6,353 | €10,384 | +€4,031 | +63.4% |
| Suppliers | 440/4 | €6,353 | €10,384 | +€4,031 | +63.4% |
| Taxes, remuneration and social security | 45 | €50,372 | €42,020 | -€8,351 | -16.6% |
| Taxes | 450/3 | €50,372 | €32,037 | -€18,335 | -36.4% |
| Remuneration and social security | 454/9 | - | €9,983 | +€9,983 | |
| Other amounts payable | 47/48 | €27,624 | €4,144 | -€23,481 | -85.0% |
| Remuneration, social security and pensions | 62 | - | €15,721 | +€15,721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,712 | €12,284 | +€1,572 | +14.7% |
| Other operating charges | 640/8 | €2,472 | €1,543 | -€929 | -37.6% |
| Gross operating margin | 9900 | €45,990 | €61,956 | +€15,966 | +34.7% |
| Operating profit (loss) | 9901 | €32,806 | €32,408 | -€398 | -1.2% |
| Financial income | 75/76B | €7,864 | €7,454 | -€410 | -5.2% |
| Recurring financial income | 75 | €7,864 | €7,454 | -€410 | -5.2% |
| Financial charges | 65/66B | €1,290 | €495 | -€795 | -61.6% |
| Recurring financial charges | 65 | €1,290 | €495 | -€795 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €39,380 | €39,367 | -€13 | 0.0% |
| Income taxes | 67/77 | €11,756 | €11,797 | +€41 | +0.3% |
| Profit (loss) for the period | 9904 | €27,623 | €27,569 | -€54 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,623 | €27,569 | -€54 | -0.2% |
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 22 October 2026 via checked.be.