CORELAND: 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.
CORELAND
Largest movements
- Cash +€24,733
up €24,733 (+468.2%), from €5,282 to €30,015
mainly Net result for the year (+€15,078) and Receivables within one year (+€8,682)
- Receivables within one year -€8,682
down €8,682 (-24.8%), from €35,076 to €26,394
of which Trade receivables: -€7,500
- Profit (loss) carried forward +€15,078
up €15,078 (+30.9%), from -€48,843 to -€33,765
- Trade debts +€1,599
up €1,599 (+143.9%), from €1,111 to €2,711
- Other debts -€906
down €906 (-1.5%), from €59,369 to €58,463
- Gross operating margin +€67,438
up €67,438, from -€43,467 to €23,971
- Depreciation +€1,433
up €1,433 (+35.8%), from €3,998 to €5,431
- Other operating charges +€1,276
up €1,276 (+116.3%), from €1,097 to €2,373
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.
Cash bridge derived
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 | €47,792 | €63,739 | +€15,947 | +33.4% |
| Fixed assets | 21/28 | €7,433 | €7,329 | -€104 | -1.4% |
| Tangible fixed assets | 22/27 | €7,433 | €7,329 | -€104 | -1.4% |
| Plant, machinery and equipment | 23 | €1,031 | €2,701 | +€1,670 | +162.1% |
| Furniture and vehicles | 24 | €6,402 | €4,628 | -€1,774 | -27.7% |
| Current assets | 29/58 | €40,359 | €56,410 | +€16,051 | +39.8% |
| Amounts receivable within one year | 40/41 | €35,076 | €26,394 | -€8,682 | -24.8% |
| Trade receivables | 40 | €33,420 | €25,920 | -€7,500 | -22.4% |
| Other amounts receivable | 41 | €1,656 | €474 | -€1,182 | -71.4% |
| Cash at bank and in hand | 54/58 | €5,282 | €30,015 | +€24,733 | +468.2% |
| Total equity and liabilities | 10/49 | €47,792 | €63,739 | +€15,947 | +33.4% |
| Equity | 10/15 | -€12,863 | €2,215 | +€15,078 | |
| Contributions | 10/11 | €26,800 | €26,800 | = | 0.0% |
| Reserves | 13 | €9,180 | €9,180 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,680 | €2,680 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,680 | €2,680 | = | 0.0% |
| Distributable reserves | 133 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,843 | -€33,765 | +€15,078 | +30.9% |
| Amounts payable | 17/49 | €60,655 | €61,524 | +€870 | +1.4% |
| Amounts payable within one year | 42/48 | €60,655 | €61,524 | +€870 | +1.4% |
| Trade debts | 44 | €1,111 | €2,711 | +€1,599 | +143.9% |
| Suppliers | 440/4 | €1,111 | €2,711 | +€1,599 | +143.9% |
| Taxes, remuneration and social security | 45 | €174 | €351 | +€176 | +101.0% |
| Taxes | 450/3 | €174 | €351 | +€176 | +101.0% |
| Other amounts payable | 47/48 | €59,369 | €58,463 | -€906 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,998 | €5,431 | +€1,433 | +35.8% |
| Other operating charges | 640/8 | €1,097 | €2,373 | +€1,276 | +116.3% |
| Gross operating margin | 9900 | -€43,467 | €23,971 | +€67,438 | |
| Operating profit (loss) | 9901 | -€48,562 | €16,168 | +€64,729 | |
| Financial income | 75/76B | €162 | €21 | -€141 | -87.1% |
| Recurring financial income | 75 | €162 | €21 | -€141 | -87.1% |
| Financial charges | 65/66B | €684 | €934 | +€251 | +36.6% |
| Recurring financial charges | 65 | €684 | €934 | +€251 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | -€49,084 | €15,254 | +€64,338 | |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€49,258 | €15,078 | +€64,336 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,258 | €15,078 | +€64,336 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.