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COREGE: 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.

What changed

COREGE

BE 0767.677.695
NACE 68.122, Development of non-residential building projects
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€49,365
2023 · -€34,257-€15,108
Equity
-€120,573
2023 · -€71,208-€49,365
Cash
€121,691
2023 · €24,394+€97,297
Balance sheet total
€630,179
2023 · €517,100+€113,079

Largest movements

2023 to 2024
Assets
  • Cash +€97,297

    up €97,297 (+398.9%), from €24,394 to €121,691

    mainly Debts after one year (+€100,000) and Other debts (+€64,683)

  • Tangible fixed assets +€15,414

    up €15,414 (+3.1%), from €492,106 to €507,520

Equity and liabilities
  • Debts after one year +€100,000

    up €100,000 (+40.0%), from €250,000 to €350,000

  • Other debts +€64,683

    up €64,683 (+19.5%), from €331,947 to €396,630

  • Profit (loss) carried forward -€49,365

    down €49,365 (-60.8%), from -€81,208 to -€130,573

Income statement
  • Gross operating margin -€12,835

    down €12,835 (-91.5%), from -€14,020 to -€26,855

  • Depreciation +€851

    up €851 (+5.4%), from €15,865 to €16,716

  • Financial charges +€712

    up €712 (+98.1%), from €726 to €1,438

  • Other operating charges +€710

    up €710 (+19.5%), from €3,646 to €4,356

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 -€34,257
Gross operating margin -€12,835
Depreciation -€851
Other operating charges -€710
Financial charges -€712
Result 2024 -€49,365

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€29,427
Investment -€32,130
Financing +€100,000
Cash 2023 €24,394
Net result for the year -€49,365
Depreciation +€16,716
Receivables within one year -€368
Trade debts -€2,281
Other debts +€64,683
Accrued charges and deferred income +€42
Investment in fixed assets (net) -€32,130
Debts after one year +€100,000
Cash 2024 €121,691
Every line side by side 31 lines
Line Code 2023 2024 Change %
Total assets 20/58 €517,100 €630,179 +€113,079 +21.9%
Fixed assets 21/28 €492,106 €507,520 +€15,414 +3.1%
Tangible fixed assets 22/27 €492,106 €507,520 +€15,414 +3.1%
Land and buildings 22 €492,106 €507,520 +€15,414 +3.1%
Current assets 29/58 €24,994 €122,659 +€97,665 +390.8%
Amounts receivable within one year 40/41 €600 €968 +€368 +61.3%
Trade receivables 40 €600 €968 +€368 +61.3%
Cash at bank and in hand 54/58 €24,394 €121,691 +€97,297 +398.9%
Total equity and liabilities 10/49 €517,100 €630,179 +€113,079 +21.9%
Equity 10/15 -€71,208 -€120,573 -€49,365 -69.3%
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 -€81,208 -€130,573 -€49,365 -60.8%
Amounts payable 17/49 €588,308 €750,752 +€162,444 +27.6%
Amounts payable after more than one year 17 €250,000 €350,000 +€100,000 +40.0%
Financial debts 170/4 €250,000 €350,000 +€100,000 +40.0%
Amounts payable within one year 42/48 €337,116 €399,518 +€62,402 +18.5%
Trade debts 44 €5,169 €2,888 -€2,281 -44.1%
Suppliers 440/4 €5,169 €2,888 -€2,281 -44.1%
Other amounts payable 47/48 €331,947 €396,630 +€64,683 +19.5%
Accrued charges and deferred income 492/3 €1,192 €1,234 +€42 +3.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €15,865 €16,716 +€851 +5.4%
Other operating charges 640/8 €3,646 €4,356 +€710 +19.5%
Gross operating margin 9900 -€14,020 -€26,855 -€12,835 -91.5%
Operating profit (loss) 9901 -€33,531 -€47,927 -€14,396 -42.9%
Financial charges 65/66B €726 €1,438 +€712 +98.1%
Recurring financial charges 65 €726 €1,438 +€712 +98.1%
Profit (loss) for the period before taxes 9903 -€34,257 -€49,365 -€15,108 -44.1%
Profit (loss) for the period 9904 -€34,257 -€49,365 -€15,108 -44.1%
Profit (loss) for the period to be appropriated 9905 -€34,257 -€49,365 -€15,108 -44.1%

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 29 September 2026 via checked.be.