Coremus: 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.
Coremus
Largest movements
- Cash +€62,273
up €62,273 (+25.0%), from €248,963 to €311,237
mainly Net result for the year (+€78,946) and Depreciation (+€43,868)
- Tangible fixed assets -€43,868
down €43,868 (-3.8%), from €1.2m to €1.1m
of which Land and buildings: -€29,910
- Deferred charges and accrued income +€24,980
up €24,980 (+115.1%), from €21,695 to €46,675
- Reserves +€78,946
up €78,946 (+14.0%), from €565,185 to €644,132
of which Distributable reserves: +€78,946
- Debts after one year -€46,178
down €46,178 (-11.1%), from €417,398 to €371,221
- Gross operating margin -€4,135
down €4,135 (-2.3%), from €183,580 to €179,445
- Depreciation -€2,595
down €2,595 (-5.6%), from €46,464 to €43,868
- Taxes -€1,946
down €1,946 (-5.0%), from €38,787 to €36,841
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,441,901 | €1,481,306 | +€39,405 | +2.7% |
| Fixed assets | 21/28 | €1,167,181 | €1,123,313 | -€43,868 | -3.8% |
| Tangible fixed assets | 22/27 | €1,167,181 | €1,123,313 | -€43,868 | -3.8% |
| Land and buildings | 22 | €1,153,151 | €1,123,241 | -€29,910 | -2.6% |
| Plant, machinery and equipment | 23 | €14,030 | €72 | -€13,959 | -99.5% |
| Current assets | 29/58 | €274,720 | €357,993 | +€83,273 | +30.3% |
| Amounts receivable within one year | 40/41 | €4,061 | €81 | -€3,980 | -98.0% |
| Other amounts receivable | 41 | €4,061 | €81 | -€3,980 | -98.0% |
| Cash at bank and in hand | 54/58 | €248,963 | €311,237 | +€62,273 | +25.0% |
| Deferred charges and accrued income | 490/1 | €21,695 | €46,675 | +€24,980 | +115.1% |
| Total equity and liabilities | 10/49 | €1,441,901 | €1,481,306 | +€39,405 | +2.7% |
| Equity | 10/15 | €715,185 | €794,132 | +€78,946 | +11.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €565,185 | €644,132 | +€78,946 | +14.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €550,185 | €629,132 | +€78,946 | +14.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €726,715 | €687,174 | -€39,541 | -5.4% |
| Amounts payable after more than one year | 17 | €417,398 | €371,221 | -€46,178 | -11.1% |
| Financial debts | 170/4 | €417,398 | €371,221 | -€46,178 | -11.1% |
| Amounts payable within one year | 42/48 | €309,317 | €315,953 | +€6,636 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €45,436 | €46,178 | +€742 | +1.6% |
| Trade debts | 44 | €977 | €30 | -€947 | -96.9% |
| Suppliers | 440/4 | €977 | €30 | -€947 | -96.9% |
| Taxes, remuneration and social security | 45 | €38,787 | €45,629 | +€6,841 | +17.6% |
| Taxes | 450/3 | €38,787 | €45,629 | +€6,841 | +17.6% |
| Other amounts payable | 47/48 | €224,117 | €224,117 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,464 | €43,868 | -€2,595 | -5.6% |
| Other operating charges | 640/8 | €12,121 | €12,577 | +€457 | +3.8% |
| Gross operating margin | 9900 | €183,580 | €179,445 | -€4,135 | -2.3% |
| Operating profit (loss) | 9901 | €124,996 | €122,999 | -€1,997 | -1.6% |
| Financial charges | 65/66B | €8,700 | €7,211 | -€1,488 | -17.1% |
| Recurring financial charges | 65 | €8,700 | €7,211 | -€1,488 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €116,296 | €115,788 | -€508 | -0.4% |
| Income taxes | 67/77 | €38,787 | €36,841 | -€1,946 | -5.0% |
| Profit (loss) for the period | 9904 | €77,509 | €78,946 | +€1,437 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,509 | €78,946 | +€1,437 | +1.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.