COREMA: 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.
COREMA
Largest movements
- Receivables after one year -€100,000
down €100,000 (-100%), from €100,000 to €0
- Tangible fixed assets +€79,095
up €79,095 (+16.8%), from €472,049 to €551,144
of which Land and buildings: +€89,906
- Receivables within one year +€77,814
up €77,814 (+30,575%), from €255 to €78,068
of which Trade receivables: +€52,420
- Cash +€37,284
up €37,284 (+40.0%), from €93,130 to €130,414
mainly Net result for the year (+€177,574) and Receivables after one year (+€100,000)
- Reserves +€177,574
up €177,574 (+17.5%), from €1.0m to €1.2m
- Tax, wage and social debts -€70,101
down €70,101 (-53.1%), from €132,063 to €61,962
of which Taxes: -€66,054
- Debts after one year -€26,884
down €26,884 (-10.3%), from €261,408 to €234,524
- Gross operating margin -€606,850
down €606,850 (-66.6%), from €910,534 to €303,684
- Taxes -€201,918
down €201,918 (-73.1%), from €276,270 to €74,352
- Depreciation +€10,810
up €10,810 (+36.6%), from €29,541 to €40,350
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 | €1,452,247 | €1,534,374 | +€82,127 | +5.7% |
| Fixed assets | 21/28 | €1,244,549 | €1,323,644 | +€79,095 | +6.4% |
| Tangible fixed assets | 22/27 | €472,049 | €551,144 | +€79,095 | +16.8% |
| Land and buildings | 22 | €417,886 | €507,792 | +€89,906 | +21.5% |
| Furniture and vehicles | 24 | €31,643 | €26,664 | -€4,979 | -15.7% |
| Other tangible fixed assets | 26 | €22,520 | €16,688 | -€5,832 | -25.9% |
| Financial fixed assets | 28 | €772,500 | €772,500 | = | 0.0% |
| Current assets | 29/58 | €207,698 | €210,730 | +€3,032 | +1.5% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100% |
| Amounts receivable within one year | 40/41 | €255 | €78,068 | +€77,814 | +30,575% |
| Trade receivables | 40 | - | €52,420 | +€52,420 | |
| Other amounts receivable | 41 | €255 | €25,648 | +€25,394 | +9,978% |
| Cash at bank and in hand | 54/58 | €93,130 | €130,414 | +€37,284 | +40.0% |
| Deferred charges and accrued income | 490/1 | €14,314 | €2,248 | -€12,065 | -84.3% |
| Total equity and liabilities | 10/49 | €1,452,247 | €1,534,374 | +€82,127 | +5.7% |
| Equity | 10/15 | €1,017,418 | €1,194,992 | +€177,574 | +17.5% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €1,016,818 | €1,194,392 | +€177,574 | +17.5% |
| Distributable reserves | 133 | €1,016,818 | €1,194,392 | +€177,574 | +17.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €434,829 | €339,383 | -€95,447 | -22.0% |
| Amounts payable after more than one year | 17 | €261,408 | €234,524 | -€26,884 | -10.3% |
| Financial debts | 170/4 | €261,408 | €234,524 | -€26,884 | -10.3% |
| Amounts payable within one year | 42/48 | €173,421 | €103,040 | -€70,381 | -40.6% |
| Current portion of amounts payable after more than one year | 42 | €25,961 | €26,884 | +€923 | +3.6% |
| Financial debts | 43 | €1,085 | €594 | -€491 | -45.2% |
| Credit institutions | 430/8 | €1,085 | €594 | -€491 | -45.2% |
| Trade debts | 44 | €9,291 | €13,250 | +€3,959 | +42.6% |
| Suppliers | 440/4 | €9,291 | €13,250 | +€3,959 | +42.6% |
| Taxes, remuneration and social security | 45 | €132,063 | €61,962 | -€70,101 | -53.1% |
| Taxes | 450/3 | €124,390 | €58,337 | -€66,054 | -53.1% |
| Remuneration and social security | 454/9 | €7,672 | €3,625 | -€4,047 | -52.8% |
| Other amounts payable | 47/48 | €5,020 | €350 | -€4,671 | -93.0% |
| Accrued charges and deferred income | 492/3 | - | €1,818 | +€1,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,541 | €40,350 | +€10,810 | +36.6% |
| Other operating charges | 640/8 | €1,037 | €1,956 | +€919 | +88.6% |
| Gross operating margin | 9900 | €910,534 | €303,684 | -€606,850 | -66.6% |
| Operating profit (loss) | 9901 | €879,956 | €261,377 | -€618,579 | -70.3% |
| Financial income | 75/76B | €5,200 | €438 | -€4,762 | -91.6% |
| Recurring financial income | 75 | €5,200 | €438 | -€4,762 | -91.6% |
| Financial charges | 65/66B | €6,627 | €9,890 | +€3,263 | +49.2% |
| Recurring financial charges | 65 | €6,627 | €9,890 | +€3,263 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €878,529 | €251,926 | -€626,603 | -71.3% |
| Income taxes | 67/77 | €276,270 | €74,352 | -€201,918 | -73.1% |
| Profit (loss) for the period | 9904 | €602,259 | €177,574 | -€424,685 | -70.5% |
| Profit (loss) for the period to be appropriated | 9905 | €602,259 | €177,574 | -€424,685 | -70.5% |
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 13 October 2026 via checked.be.