COREMANS: 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.
COREMANS
Largest movements
- Cash -€4,682
down €4,682 (-49.6%), from €9,432 to €4,750
mainly Debts after one year (-€21,280) and Trade debts (-€3,307)
- Debts after one year -€21,280
down €21,280 (-8.7%), from €245,494 to €224,214
- Reserves +€11,142
up €11,142 (+27.9%), from €40,007 to €51,149
of which Distributable reserves: +€11,142
- Other debts +€4,281
up €4,281 (+35.3%), from €12,124 to €16,406
- Tax, wage and social debts +€3,719
up €3,719 (+96.8%), from €3,840 to €7,559
- Gross operating margin +€762
up €762 (+3.9%), from €19,574 to €20,336
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 | €350,698 | €345,608 | -€5,090 | -1.5% |
| Fixed assets | 21/28 | €341,266 | €340,858 | -€408 | -0.1% |
| Intangible fixed assets | 21 | €638 | €510 | -€128 | -20.0% |
| Tangible fixed assets | 22/27 | €340,628 | €340,348 | -€281 | -0.1% |
| Plant, machinery and equipment | 23 | €599 | €503 | -€97 | -16.2% |
| Other tangible fixed assets | 26 | €552 | €368 | -€184 | -33.3% |
| Assets under construction and advance payments | 27 | €339,477 | €339,477 | = | 0.0% |
| Current assets | 29/58 | €9,432 | €4,750 | -€4,682 | -49.6% |
| Cash at bank and in hand | 54/58 | €9,432 | €4,750 | -€4,682 | -49.6% |
| Total equity and liabilities | 10/49 | €350,698 | €345,608 | -€5,090 | -1.5% |
| Equity | 10/15 | €65,007 | €76,149 | +€11,142 | +17.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €40,007 | €51,149 | +€11,142 | +27.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €37,507 | €48,649 | +€11,142 | +29.7% |
| Amounts payable | 17/49 | €285,691 | €269,458 | -€16,233 | -5.7% |
| Amounts payable after more than one year | 17 | €245,494 | €224,214 | -€21,280 | -8.7% |
| Financial debts | 170/4 | €245,494 | €224,214 | -€21,280 | -8.7% |
| Amounts payable within one year | 42/48 | €40,198 | €45,244 | +€5,047 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €20,925 | €21,280 | +€354 | +1.7% |
| Trade debts | 44 | €3,307 | - | -€3,307 | |
| Suppliers | 440/4 | €3,307 | - | -€3,307 | |
| Taxes, remuneration and social security | 45 | €3,840 | €7,559 | +€3,719 | +96.8% |
| Taxes | 450/3 | €3,840 | €7,559 | +€3,719 | +96.8% |
| Other amounts payable | 47/48 | €12,124 | €16,406 | +€4,281 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408 | €408 | = | 0.0% |
| Other operating charges | 640/8 | €931 | €945 | +€14 | +1.5% |
| Gross operating margin | 9900 | €19,574 | €20,336 | +€762 | +3.9% |
| Operating profit (loss) | 9901 | €18,234 | €18,983 | +€748 | +4.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,871 | €3,813 | -€58 | -1.5% |
| Recurring financial charges | 65 | €3,871 | €3,813 | -€58 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €14,364 | €15,170 | +€806 | +5.6% |
| Income taxes | 67/77 | €4,111 | €4,028 | -€83 | -2.0% |
| Profit (loss) for the period | 9904 | €10,253 | €11,142 | +€889 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,253 | €11,142 | +€889 | +8.7% |
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 10 October 2026 via checked.be.