CoreLayer: 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.
CoreLayer
Largest movements
- Receivables within one year -€23,532
down €23,532 (-43.8%), from €53,667 to €30,135
of which Trade receivables: -€29,994
- Tangible fixed assets -€9,171
down €9,171 (-55.1%), from €16,630 to €7,459
of which Plant, machinery and equipment: -€8,483
- Cash -€8,308
down €8,308 (-27.1%), from €30,614 to €22,306
mainly Trade debts (-€23,030) and Tax, wage and social debts (-€22,417)
- Deferred charges and accrued income -€5,243
down €5,243 (-60.6%), from €8,655 to €3,413
- Trade debts -€23,030
down €23,030 (-50.0%), from €46,050 to €23,020
- Tax, wage and social debts -€22,417
down €22,417 (-100.0%), from €22,417 to €0
of which Remuneration and social security: -€21,089
- Advances received -€10,315
down €10,315 (-65.2%), from €15,823 to €5,508
- Reserves +€9,450
up €9,450 (+51.1%), from €18,500 to €27,950
- Staff costs -€22,834
down €22,834 (-24.4%), from €93,702 to €70,869
- Gross operating margin -€20,975
down €20,975 (-17.7%), from €118,668 to €97,693
- Taxes +€4,742
up €4,742 (+423.8%), from €1,119 to €5,860
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 | €109,566 | €63,313 | -€46,253 | -42.2% |
| Fixed assets | 21/28 | €16,630 | €7,459 | -€9,171 | -55.1% |
| Tangible fixed assets | 22/27 | €16,630 | €7,459 | -€9,171 | -55.1% |
| Plant, machinery and equipment | 23 | €12,657 | €4,175 | -€8,483 | -67.0% |
| Furniture and vehicles | 24 | €3,972 | €3,284 | -€688 | -17.3% |
| Current assets | 29/58 | €92,936 | €55,854 | -€37,082 | -39.9% |
| Amounts receivable within one year | 40/41 | €53,667 | €30,135 | -€23,532 | -43.8% |
| Trade receivables | 40 | €49,717 | €19,723 | -€29,994 | -60.3% |
| Other amounts receivable | 41 | €3,950 | €10,412 | +€6,462 | +163.6% |
| Cash at bank and in hand | 54/58 | €30,614 | €22,306 | -€8,308 | -27.1% |
| Deferred charges and accrued income | 490/1 | €8,655 | €3,413 | -€5,243 | -60.6% |
| Total equity and liabilities | 10/49 | €109,566 | €63,313 | -€46,253 | -42.2% |
| Equity | 10/15 | €25,185 | €34,665 | +€9,480 | +37.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,500 | €27,950 | +€9,450 | +51.1% |
| Distributable reserves | 133 | €18,500 | €27,950 | +€9,450 | +51.1% |
| Profit (loss) carried forward | 14 | €485 | €515 | +€30 | +6.2% |
| Amounts payable | 17/49 | €84,381 | €28,647 | -€55,733 | -66.0% |
| Amounts payable within one year | 42/48 | €84,381 | €28,619 | -€55,762 | -66.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €46,050 | €23,020 | -€23,030 | -50.0% |
| Suppliers | 440/4 | €46,050 | €23,020 | -€23,030 | -50.0% |
| Advances received on contracts in progress | 46 | €15,823 | €5,508 | -€10,315 | -65.2% |
| Taxes, remuneration and social security | 45 | €22,417 | €0 | -€22,417 | -100.0% |
| Taxes | 450/3 | €1,327 | €0 | -€1,327 | -100.0% |
| Remuneration and social security | 454/9 | €21,089 | €0 | -€21,089 | -100.0% |
| Other amounts payable | 47/48 | €92 | €92 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €28 | +€28 | |
| Remuneration, social security and pensions | 62 | €93,702 | €70,869 | -€22,834 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,171 | €9,171 | +€0 | 0.0% |
| Other operating charges | 640/8 | €559 | €1,180 | +€621 | +111.0% |
| Gross operating margin | 9900 | €118,668 | €97,693 | -€20,975 | -17.7% |
| Operating profit (loss) | 9901 | €15,236 | €16,473 | +€1,237 | +8.1% |
| Financial income | 75/76B | €0 | €47 | +€46 | +15463.3% |
| Recurring financial income | 75 | €0 | €47 | +€46 | +15463.3% |
| Financial charges | 65/66B | €1,404 | €1,179 | -€225 | -16.0% |
| Recurring financial charges | 65 | €1,404 | €1,179 | -€225 | -16.0% |
| Profit (loss) for the period before taxes | 9903 | €13,832 | €15,340 | +€1,508 | +10.9% |
| Income taxes | 67/77 | €1,119 | €5,860 | +€4,742 | +423.8% |
| Profit (loss) for the period | 9904 | €12,713 | €9,480 | -€3,233 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,713 | €9,480 | -€3,233 | -25.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.