Corelap: 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
Corelap
NACE 18.140, Printing and reproduction of recorded media
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€571,199
2024 · €663,710-€92,511
Equity
€3.9m
2024 · €3.3m+€562,033
Cash
€3.1m
2024 · €2.3m+€771,311
Balance sheet total
€4.8m
2024 · €4.3m+€468,476
Largest movements
Assets
- Cash +€771,311
up €771,311 (+33.1%), from €2.3m to €3.1m
mainly Net result for the year (+€571,199) and Receivables within one year (+€210,268)
- Receivables within one year -€210,268
down €210,268 (-30.6%), from €686,549 to €476,281
of which Trade receivables: -€254,141
- Deferred charges and accrued income -€63,151
down €63,151 (-68.5%), from €92,138 to €28,986
Equity and liabilities
- Profit (loss) carried forward +€571,199
up €571,199 (+17.4%), from €3.3m to €3.8m
- Debts within one year -€56,913
down €56,913 (-7.1%), from €805,245 to €748,331
of which Tax, wage and social debts: -€38,379
Income statement
- Turnover -€111,567
down €111,567 (-4.1%), from €2.7m to €2.6m
- Staff costs +€73,066
up €73,066 (+1.6%), from €4.4m to €4.5m
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.
Result 2024
€663,710
Gross operating margin
+€13,313
Staff costs
-€73,066
Depreciation
-€20,281
Other operating charges
+€7,567
Other operating items
+€183
Financial income
-€20,496
Financial charges
+€268
Result 2025
€571,199
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.
From operations
+€937,694
Investment
-€127,217
Financing
-€39,167
Cash 2024
€2.3m
From operations (derived)
+€937,694
Net result for the year
+€571,199
Depreciation
+€145,753
Stocks and contracts
+€10,879
Receivables within one year
+€210,268
Deferred charges and accrued income
+€63,151
Debts within one year
-€56,913
Accrued charges and deferred income
-€6,644
Investment (derived)
-€127,217
Investment in fixed assets (net)
-€127,217
Financing
-€39,167
Debts after one year
-€30,000
Contributions, distributions and other
-€9,167
Cash 2025
€3.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,310,577 | €4,779,053 | +€468,476 | +10.9% |
| Fixed assets | 21/28 | €1,097,312 | €1,078,776 | -€18,537 | -1.7% |
| Tangible fixed assets | 22/27 | €1,097,112 | €1,078,576 | -€18,537 | -1.7% |
| Land and buildings | 22 | €999,052 | €982,574 | -€16,478 | -1.6% |
| Plant, machinery and equipment | 23 | €31,854 | €64,886 | +€33,032 | +103.7% |
| Furniture and vehicles | 24 | €22,397 | €31,115 | +€8,718 | +38.9% |
| Assets under construction and advance payments | 27 | €43,809 | - | -€43,809 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €3,213,264 | €3,700,277 | +€487,013 | +15.2% |
| Stocks and contracts in progress | 3 | €101,312 | €90,433 | -€10,879 | -10.7% |
| Stocks | 30/36 | €101,312 | €90,433 | -€10,879 | -10.7% |
| Amounts receivable within one year | 40/41 | €686,549 | €476,281 | -€210,268 | -30.6% |
| Trade receivables | 40 | €680,836 | €426,695 | -€254,141 | -37.3% |
| Other amounts receivable | 41 | €5,713 | €49,586 | +€43,873 | +767.9% |
| Cash at bank and in hand | 54/58 | €2,333,266 | €3,104,577 | +€771,311 | +33.1% |
| Deferred charges and accrued income | 490/1 | €92,138 | €28,986 | -€63,151 | -68.5% |
| Total equity and liabilities | 10/49 | €4,310,577 | €4,779,053 | +€468,476 | +10.9% |
| Equity | 10/15 | €3,343,291 | €3,905,323 | +€562,033 | +16.8% |
| Profit (loss) carried forward | 14 | €3,276,874 | €3,848,073 | +€571,199 | +17.4% |
| Investment grants | 15 | €66,417 | €57,250 | -€9,167 | -13.8% |
| Amounts payable | 17/49 | €967,286 | €873,729 | -€93,557 | -9.7% |
| Amounts payable after more than one year | 17 | €150,000 | €120,000 | -€30,000 | -20.0% |
| Financial debts | 170/4 | €150,000 | €120,000 | -€30,000 | -20.0% |
| Amounts payable within one year | 42/48 | €805,245 | €748,331 | -€56,913 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €91,113 | €72,057 | -€19,056 | -20.9% |
| Suppliers | 440/4 | €91,113 | €72,057 | -€19,056 | -20.9% |
| Taxes, remuneration and social security | 45 | €681,735 | €643,355 | -€38,379 | -5.6% |
| Taxes | 450/3 | €78,835 | €98,999 | +€20,164 | +25.6% |
| Remuneration and social security | 454/9 | €602,900 | €544,356 | -€58,544 | -9.7% |
| Accrued charges and deferred income | 492/3 | €12,042 | €5,398 | -€6,644 | -55.2% |
| Turnover | 70 | €2,705,695 | €2,594,128 | -€111,567 | -4.1% |
| Non-recurring operating income | 76A | €45,664 | €8,543 | -€37,121 | -81.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €474,410 | €432,570 | -€41,840 | -8.8% |
| Remuneration, social security and pensions | 62 | €4,447,952 | €4,521,018 | +€73,066 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,473 | €145,753 | +€20,281 | +16.2% |
| Other operating charges | 640/8 | €35,478 | €27,910 | -€7,567 | -21.3% |
| Non-recurring operating charges | 66A | €247 | €64 | -€183 | -74.0% |
| Gross operating margin | 9900 | €5,195,286 | €5,208,599 | +€13,313 | +0.3% |
| Operating profit (loss) | 9901 | €586,136 | €513,853 | -€72,283 | -12.3% |
| Financial income | 75/76B | €80,293 | €59,797 | -€20,496 | -25.5% |
| Recurring financial income | 75 | €80,293 | €59,797 | -€20,496 | -25.5% |
| Financial charges | 65/66B | €2,719 | €2,451 | -€268 | -9.9% |
| Recurring financial charges | 65 | €2,719 | €2,451 | -€268 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €663,710 | €571,199 | -€92,511 | -13.9% |
| Profit (loss) for the period | 9904 | €663,710 | €571,199 | -€92,511 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €663,710 | €571,199 | -€92,511 | -13.9% |
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 6 October 2026 via checked.be.