COREMANS NATAN: 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 NATAN
Largest movements
- Cash +€42,189
up €42,189 (+57.4%), from €73,560 to €115,750
mainly Net result for the year (+€32,864) and Depreciation (+€15,822)
- Tangible fixed assets -€12,450
down €12,450 (-7.0%), from €178,903 to €166,453
of which Land and buildings: -€10,550
- Profit (loss) carried forward +€32,864
up €32,864 (+31.5%), from €104,211 to €137,075
- Debts after one year -€10,475
down €10,475 (-7.0%), from €149,269 to €138,793
- Tax, wage and social debts +€4,269
up €4,269 (+627%), from €681 to €4,950
of which Taxes: +€3,291
- Gross operating margin +€12,703
up €12,703 (+23.8%), from €53,326 to €66,029
- Taxes +€5,991
up €5,991 (+103%), from €5,801 to €11,791
- Other operating charges -€1,433
down €1,433 (-42.0%), from €3,409 to €1,976
- Depreciation +€1,062
up €1,062 (+7.2%), from €14,760 to €15,822
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 | €279,037 | €306,597 | +€27,560 | +9.9% |
| Fixed assets | 21/28 | €178,903 | €166,453 | -€12,450 | -7.0% |
| Tangible fixed assets | 22/27 | €178,903 | €166,453 | -€12,450 | -7.0% |
| Land and buildings | 22 | €162,666 | €152,117 | -€10,550 | -6.5% |
| Plant, machinery and equipment | 23 | €15,538 | €11,997 | -€3,541 | -22.8% |
| Furniture and vehicles | 24 | €699 | €2,340 | +€1,641 | +235% |
| Current assets | 29/58 | €100,134 | €140,144 | +€40,010 | +40.0% |
| Amounts receivable within one year | 40/41 | €26,574 | €24,394 | -€2,179 | -8.2% |
| Trade receivables | 40 | €8,694 | €6,878 | -€1,816 | -20.9% |
| Other amounts receivable | 41 | €17,879 | €17,516 | -€363 | -2.0% |
| Cash at bank and in hand | 54/58 | €73,560 | €115,750 | +€42,189 | +57.4% |
| Total equity and liabilities | 10/49 | €279,037 | €306,597 | +€27,560 | +9.9% |
| Equity | 10/15 | €116,611 | €149,475 | +€32,864 | +28.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,211 | €137,075 | +€32,864 | +31.5% |
| Amounts payable | 17/49 | €162,426 | €157,122 | -€5,304 | -3.3% |
| Amounts payable after more than one year | 17 | €149,269 | €138,793 | -€10,475 | -7.0% |
| Financial debts | 170/4 | €149,269 | €138,793 | -€10,475 | -7.0% |
| Amounts payable within one year | 42/48 | €13,158 | €18,099 | +€4,942 | +37.6% |
| Current portion of amounts payable after more than one year | 42 | €10,475 | €11,348 | +€873 | +8.3% |
| Trade debts | 44 | €2,002 | €1,802 | -€200 | -10.0% |
| Suppliers | 440/4 | €2,002 | €1,802 | -€200 | -10.0% |
| Taxes, remuneration and social security | 45 | €681 | €4,950 | +€4,269 | +627% |
| Taxes | 450/3 | - | €3,291 | +€3,291 | |
| Remuneration and social security | 454/9 | €681 | €1,659 | +€978 | +144% |
| Accrued charges and deferred income | 492/3 | - | €229 | +€229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,760 | €15,822 | +€1,062 | +7.2% |
| Other operating charges | 640/8 | €3,409 | €1,976 | -€1,433 | -42.0% |
| Gross operating margin | 9900 | €53,326 | €66,029 | +€12,703 | +23.8% |
| Operating profit (loss) | 9901 | €35,157 | €48,231 | +€13,074 | +37.2% |
| Financial income | 75/76B | €1,087 | €964 | -€123 | -11.3% |
| Recurring financial income | 75 | €1,087 | €964 | -€123 | -11.3% |
| Financial charges | 65/66B | €4,589 | €4,540 | -€49 | -1.1% |
| Recurring financial charges | 65 | €4,589 | €4,540 | -€49 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €31,655 | €44,655 | +€13,000 | +41.1% |
| Income taxes | 67/77 | €5,801 | €11,791 | +€5,991 | +103% |
| Profit (loss) for the period | 9904 | €25,855 | €32,864 | +€7,009 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,855 | €32,864 | +€7,009 | +27.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.