Corefix Belgium: 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.
Corefix Belgium
Largest movements
- Tangible fixed assets -€13,240
down €13,240 (-8.2%), from €161,042 to €147,802
of which Land and buildings: -€10,748
- Stocks and contracts +€3,776
up €3,776 (+27.4%), from €13,765 to €17,541
- Other debts +€36,871
up €36,871 (+36.8%), from €100,188 to €137,059
- Profit (loss) carried forward -€33,775
down €33,775 (-45.8%), from -€73,700 to -€107,475
- Debts after one year -€10,400
down €10,400 (-9.3%), from €111,800 to €101,400
- Tax, wage and social debts -€7,919
no longer reported in 2024 (was €7,919)
- Accrued charges and deferred income +€6,444
new in 2024: €6,444
- Gross operating margin -€26,159
down €26,159, from €14,448 to -€11,711
- Other operating charges -€4,959
down €4,959 (-93.3%), from €5,313 to €354
- Depreciation -€3,627
down €3,627 (-19.0%), from €19,056 to €15,429
- Financial charges -€2,363
down €2,363 (-27.3%), from €8,653 to €6,289
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €177,306 | €167,119 | -€10,188 | -5.7% |
| Fixed assets | 21/28 | €161,042 | €147,802 | -€13,240 | -8.2% |
| Tangible fixed assets | 22/27 | €161,042 | €147,802 | -€13,240 | -8.2% |
| Land and buildings | 22 | €154,405 | €143,657 | -€10,748 | -7.0% |
| Plant, machinery and equipment | 23 | €1,409 | €3,349 | +€1,939 | +137.6% |
| Furniture and vehicles | 24 | €5,228 | €797 | -€4,431 | -84.8% |
| Current assets | 29/58 | €16,264 | €19,316 | +€3,052 | +18.8% |
| Stocks and contracts in progress | 3 | €13,765 | €17,541 | +€3,776 | +27.4% |
| Stocks | 30/36 | €13,765 | €17,541 | +€3,776 | +27.4% |
| Amounts receivable within one year | 40/41 | €2,499 | €1,776 | -€723 | -28.9% |
| Trade receivables | 40 | €2,499 | €1,776 | -€723 | -28.9% |
| Total equity and liabilities | 10/49 | €177,306 | €167,119 | -€10,188 | -5.7% |
| Equity | 10/15 | -€63,700 | -€97,475 | -€33,775 | -53.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | €10,000 | = | 0.0% |
| Other | 1109/19 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,700 | -€107,475 | -€33,775 | -45.8% |
| Amounts payable | 17/49 | €241,006 | €264,594 | +€23,587 | +9.8% |
| Amounts payable after more than one year | 17 | €111,800 | €101,400 | -€10,400 | -9.3% |
| Financial debts | 170/4 | €111,800 | €101,400 | -€10,400 | -9.3% |
| Amounts payable within one year | 42/48 | €129,207 | €156,750 | +€27,543 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €15,521 | €12,299 | -€3,222 | -20.8% |
| Financial debts | 43 | €2,037 | - | -€2,037 | |
| Credit institutions | 430/8 | €2,037 | - | -€2,037 | |
| Trade debts | 44 | €3,542 | €7,392 | +€3,849 | +108.7% |
| Suppliers | 440/4 | €3,542 | €7,392 | +€3,849 | +108.7% |
| Taxes, remuneration and social security | 45 | €7,919 | - | -€7,919 | |
| Taxes | 450/3 | €7,919 | - | -€7,919 | |
| Other amounts payable | 47/48 | €100,188 | €137,059 | +€36,871 | +36.8% |
| Accrued charges and deferred income | 492/3 | - | €6,444 | +€6,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,056 | €15,429 | -€3,627 | -19.0% |
| Other operating charges | 640/8 | €5,313 | €354 | -€4,959 | -93.3% |
| Gross operating margin | 9900 | €14,448 | -€11,711 | -€26,159 | |
| Operating profit (loss) | 9901 | -€9,921 | -€27,495 | -€17,574 | -177.1% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €8,653 | €6,289 | -€2,363 | -27.3% |
| Recurring financial charges | 65 | €8,653 | €6,289 | -€2,363 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | -€18,573 | -€33,775 | -€15,202 | -81.8% |
| Profit (loss) for the period | 9904 | -€18,573 | -€33,775 | -€15,202 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,573 | -€33,775 | -€15,202 | -81.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.