COREL CONSTRUCTION: 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.
COREL CONSTRUCTION
Largest movements
- Tangible fixed assets -€8,693
down €8,693 (-27.2%), from €31,977 to €23,284
- Cash -€3,299
down €3,299 (-17.4%), from €18,982 to €15,683
mainly Net result for the year (-€11,195) and Trade debts (-€2,424)
- Profit (loss) carried forward -€11,195
down €11,195 (-24.3%), from €46,114 to €34,918
- Trade debts -€2,424
down €2,424 (-92.8%), from €2,612 to €189
- Other debts +€1,893
up €1,893 (+21.9%), from €8,658 to €10,551
- Gross operating margin -€65,757
down €65,757, from €64,252 to -€1,504
- Taxes -€11,944
down €11,944 (-98.9%), from €12,076 to €132
- Depreciation +€3,606
up €3,606 (+70.9%), from €5,087 to €8,693
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 | €74,460 | €62,866 | -€11,594 | -15.6% |
| Fixed assets | 21/28 | €31,977 | €23,284 | -€8,693 | -27.2% |
| Tangible fixed assets | 22/27 | €31,977 | €23,284 | -€8,693 | -27.2% |
| Furniture and vehicles | 24 | €31,977 | €23,284 | -€8,693 | -27.2% |
| Current assets | 29/58 | €42,483 | €39,582 | -€2,901 | -6.8% |
| Amounts receivable within one year | 40/41 | €23,269 | €23,898 | +€630 | +2.7% |
| Trade receivables | 40 | €22,661 | €22,661 | = | 0.0% |
| Other amounts receivable | 41 | €608 | €1,238 | +€630 | +103% |
| Cash at bank and in hand | 54/58 | €18,982 | €15,683 | -€3,299 | -17.4% |
| Deferred charges and accrued income | 490/1 | €232 | €0 | -€232 | -100% |
| Total equity and liabilities | 10/49 | €74,460 | €62,866 | -€11,594 | -15.6% |
| Equity | 10/15 | €51,114 | €39,918 | -€11,195 | -21.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,114 | €34,918 | -€11,195 | -24.3% |
| Amounts payable | 17/49 | €23,346 | €22,948 | -€399 | -1.7% |
| Amounts payable within one year | 42/48 | €23,346 | €22,948 | -€399 | -1.7% |
| Trade debts | 44 | €2,612 | €189 | -€2,424 | -92.8% |
| Suppliers | 440/4 | €2,612 | €189 | -€2,424 | -92.8% |
| Taxes, remuneration and social security | 45 | €12,076 | €12,208 | +€132 | +1.1% |
| Taxes | 450/3 | €12,076 | €12,208 | +€132 | +1.1% |
| Other amounts payable | 47/48 | €8,658 | €10,551 | +€1,893 | +21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,087 | €8,693 | +€3,606 | +70.9% |
| Other operating charges | 640/8 | €985 | €866 | -€119 | -12.1% |
| Gross operating margin | 9900 | €64,252 | -€1,504 | -€65,757 | |
| Operating profit (loss) | 9901 | €58,181 | -€11,063 | -€69,244 | |
| Financial income | 75/76B | €49 | €0 | -€49 | -100% |
| Recurring financial income | 75 | €49 | €0 | -€49 | -100% |
| Financial charges | 65/66B | €39 | €0 | -€39 | -99.3% |
| Recurring financial charges | 65 | €39 | €0 | -€39 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €58,190 | -€11,063 | -€69,253 | |
| Income taxes | 67/77 | €12,076 | €132 | -€11,944 | -98.9% |
| Profit (loss) for the period | 9904 | €46,114 | -€11,195 | -€57,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,114 | -€11,195 | -€57,309 |
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 17 October 2026 via checked.be.