CORENBO: 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.
CORENBO
Largest movements
- Receivables within one year -€14,612
down €14,612 (-56.9%), from €25,693 to €11,081
of which Trade receivables: -€11,104
- Tangible fixed assets +€9,684
new in 2025: €9,684
- Cash -€3,375
down €3,375 (-64.9%), from €5,202 to €1,827
mainly Net result for the year (-€38,654) and Advances received (-€25,318)
- Profit (loss) carried forward -€38,654
down €38,654, from €17,339 to -€21,315
- Other debts +€27,832
new in 2025: €27,832
- Advances received -€25,318
no longer reported in 2025 (was €25,318)
- Trade debts +€23,016
up €23,016 (+1,626%), from €1,415 to €24,431
- Debts after one year +€5,657
new in 2025: €5,657
- Gross operating margin -€29,392
down €29,392 (-1,012%), from -€2,905 to -€32,297
- Depreciation +€2,266
new in 2025: €2,266
- Other operating charges +€1,949
up €1,949 (+287%), from €679 to €2,628
- Financial charges +€1,357
up €1,357, from -€32 to €1,325
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 | €52,658 | €44,600 | -€8,059 | -15.3% |
| Fixed assets | 21/28 | €150 | €9,834 | +€9,684 | +6,456% |
| Tangible fixed assets | 22/27 | - | €9,684 | +€9,684 | |
| Furniture and vehicles | 24 | - | €9,684 | +€9,684 | |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €52,508 | €34,765 | -€17,743 | -33.8% |
| Stocks and contracts in progress | 3 | €21,457 | €21,457 | = | 0.0% |
| Contracts in progress | 37 | €21,457 | €21,457 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €25,693 | €11,081 | -€14,612 | -56.9% |
| Trade receivables | 40 | €15,679 | €4,575 | -€11,104 | -70.8% |
| Other amounts receivable | 41 | €10,014 | €6,506 | -€3,507 | -35.0% |
| Cash at bank and in hand | 54/58 | €5,202 | €1,827 | -€3,375 | -64.9% |
| Deferred charges and accrued income | 490/1 | €156 | €400 | +€244 | +156% |
| Total equity and liabilities | 10/49 | €52,658 | €44,600 | -€8,059 | -15.3% |
| Equity | 10/15 | €22,339 | -€16,315 | -€38,654 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,339 | -€21,315 | -€38,654 | |
| Amounts payable | 17/49 | €30,320 | €60,915 | +€30,595 | +101% |
| Amounts payable after more than one year | 17 | - | €5,657 | +€5,657 | |
| Financial debts | 170/4 | - | €5,657 | +€5,657 | |
| Amounts payable within one year | 42/48 | €30,320 | €55,258 | +€24,938 | +82.3% |
| Current portion of amounts payable after more than one year | 42 | - | €2,360 | +€2,360 | |
| Trade debts | 44 | €1,415 | €24,431 | +€23,016 | +1,626% |
| Suppliers | 440/4 | €1,415 | €24,431 | +€23,016 | +1,626% |
| Advances received on contracts in progress | 46 | €25,318 | - | -€25,318 | |
| Taxes, remuneration and social security | 45 | €3,586 | €635 | -€2,951 | -82.3% |
| Taxes | 450/3 | €3,586 | €635 | -€2,951 | -82.3% |
| Other amounts payable | 47/48 | - | €27,832 | +€27,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,266 | +€2,266 | |
| Other operating charges | 640/8 | €679 | €2,628 | +€1,949 | +287% |
| Gross operating margin | 9900 | -€2,905 | -€32,297 | -€29,392 | -1,012% |
| Operating profit (loss) | 9901 | -€3,584 | -€37,191 | -€33,607 | -938% |
| Financial income | 75/76B | €138 | €4 | -€134 | -97.4% |
| Recurring financial income | 75 | €138 | €4 | -€134 | -97.4% |
| Financial charges | 65/66B | -€32 | €1,325 | +€1,357 | |
| Recurring financial charges | 65 | -€32 | €1,325 | +€1,357 | |
| Profit (loss) for the period before taxes | 9903 | -€3,415 | -€38,513 | -€35,098 | -1,028% |
| Income taxes | 67/77 | €385 | €141 | -€245 | -63.4% |
| Profit (loss) for the period | 9904 | -€3,800 | -€38,654 | -€34,853 | -917% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,800 | -€38,654 | -€34,853 | -917% |
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 1 November 2026 via checked.be.