CoreFiCo: 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.
CoreFiCo
Largest movements
- Receivables within one year -€50,575
down €50,575 (-81.4%), from €62,110 to €11,535
of which Other amounts receivable: -€49,000
- Tangible fixed assets -€26,001
down €26,001 (-5.7%), from €459,177 to €433,176
of which Land and buildings: -€25,006
- Other debts -€40,716
down €40,716 (-30.9%), from €131,727 to €91,011
- Debts after one year -€38,453
down €38,453 (-7.2%), from €536,447 to €497,994
- Gross operating margin +€3,041
up €3,041 (+6.4%), from €47,376 to €50,417
- Financial charges -€995
down €995 (-5.9%), from €16,747 to €15,752
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 | €796,625 | €721,231 | -€75,394 | -9.5% |
| Fixed assets | 21/28 | €729,718 | €703,717 | -€26,001 | -3.6% |
| Tangible fixed assets | 22/27 | €459,177 | €433,176 | -€26,001 | -5.7% |
| Land and buildings | 22 | €457,920 | €432,914 | -€25,006 | -5.5% |
| Furniture and vehicles | 24 | €1,257 | €262 | -€995 | -79.2% |
| Financial fixed assets | 28 | €270,541 | €270,541 | = | 0.0% |
| Current assets | 29/58 | €66,907 | €17,514 | -€49,393 | -73.8% |
| Amounts receivable within one year | 40/41 | €62,110 | €11,535 | -€50,575 | -81.4% |
| Trade receivables | 40 | €3,215 | €1,639 | -€1,575 | -49.0% |
| Other amounts receivable | 41 | €58,896 | €9,896 | -€49,000 | -83.2% |
| Cash at bank and in hand | 54/58 | €4,415 | €5,595 | +€1,180 | +26.7% |
| Deferred charges and accrued income | 490/1 | €382 | €385 | +€3 | +0.7% |
| Total equity and liabilities | 10/49 | €796,625 | €721,231 | -€75,394 | -9.5% |
| Equity | 10/15 | €79,779 | €85,571 | +€5,792 | +7.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €54,853 | €54,853 | = | 0.0% |
| Distributable reserves | 133 | €54,853 | €54,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74 | €5,717 | +€5,792 | |
| Amounts payable | 17/49 | €716,846 | €635,660 | -€81,185 | -11.3% |
| Amounts payable after more than one year | 17 | €536,447 | €497,994 | -€38,453 | -7.2% |
| Financial debts | 170/4 | €536,447 | €497,994 | -€38,453 | -7.2% |
| Amounts payable within one year | 42/48 | €176,899 | €134,167 | -€42,732 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €37,405 | €38,453 | +€1,049 | +2.8% |
| Trade debts | 44 | €7,767 | €4,703 | -€3,064 | -39.5% |
| Suppliers | 440/4 | €7,767 | €4,703 | -€3,064 | -39.5% |
| Other amounts payable | 47/48 | €131,727 | €91,011 | -€40,716 | -30.9% |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,001 | €26,001 | = | 0.0% |
| Other operating charges | 640/8 | €2,822 | €2,872 | +€50 | +1.8% |
| Gross operating margin | 9900 | €47,376 | €50,417 | +€3,041 | +6.4% |
| Operating profit (loss) | 9901 | €18,554 | €21,544 | +€2,990 | +16.1% |
| Financial charges | 65/66B | €16,747 | €15,752 | -€995 | -5.9% |
| Recurring financial charges | 65 | €16,747 | €15,752 | -€995 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €1,806 | €5,792 | +€3,985 | +221% |
| Profit (loss) for the period | 9904 | €1,806 | €5,792 | +€3,985 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €1,806 | €5,792 | +€3,985 | +221% |
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 13 October 2026 via checked.be.