CoreNet Global EU: 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.
CoreNet Global EU
Largest movements
- Receivables within one year -€529,838
down €529,838 (-87.5%), from €605,841 to €76,003
of which Other amounts receivable: -€510,339
- Receivables after one year +€200,000
up €200,000 (+36.4%), from €550,000 to €750,000
- Cash +€68,952
up €68,952 (+22.3%), from €309,118 to €378,070
mainly Receivables within one year (+€529,838) and Deferred charges and accrued income (+€7,564)
- Debts within one year -€207,775
down €207,775 (-54.0%), from €384,613 to €176,839
- Profit (loss) carried forward -€58,168
down €58,168 (-5.7%), from €1.0m to €970,228
- Gross operating margin +€215,175
up €215,175 (+253%), from €85,105 to €300,280
- Staff costs +€95,808
up €95,808 (+39.2%), from €244,654 to €340,461
- Financial charges +€5,343
up €5,343 (+53.6%), from €9,971 to €15,314
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 | €1,597,563 | €1,333,085 | -€264,478 | -16.6% |
| Fixed assets | 21/28 | €4,321 | €8,292 | +€3,972 | +91.9% |
| Tangible fixed assets | 22/27 | €4,321 | €8,292 | +€3,972 | +91.9% |
| Plant, machinery and equipment | 23 | €1,953 | €547 | -€1,406 | -72.0% |
| Furniture and vehicles | 24 | - | €890 | +€890 | |
| Other tangible fixed assets | 26 | €2,368 | €6,855 | +€4,487 | +190% |
| Current assets | 29/58 | €1,593,242 | €1,324,793 | -€268,449 | -16.8% |
| Amounts receivable after more than one year | 29 | €550,000 | €750,000 | +€200,000 | +36.4% |
| Other amounts receivable | 291 | €550,000 | €750,000 | +€200,000 | +36.4% |
| Amounts receivable within one year | 40/41 | €605,841 | €76,003 | -€529,838 | -87.5% |
| Trade receivables | 40 | €89,457 | €69,959 | -€19,498 | -21.8% |
| Other amounts receivable | 41 | €516,383 | €6,044 | -€510,339 | -98.8% |
| Cash at bank and in hand | 54/58 | €309,118 | €378,070 | +€68,952 | +22.3% |
| Deferred charges and accrued income | 490/1 | €128,283 | €120,719 | -€7,564 | -5.9% |
| Total equity and liabilities | 10/49 | €1,597,563 | €1,333,085 | -€264,478 | -16.6% |
| Equity | 10/15 | €1,183,222 | €1,125,055 | -€58,168 | -4.9% |
| Reserves | 13 | €154,826 | €154,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,028,396 | €970,228 | -€58,168 | -5.7% |
| Amounts payable | 17/49 | €414,341 | €208,031 | -€206,310 | -49.8% |
| Amounts payable within one year | 42/48 | €384,613 | €176,839 | -€207,775 | -54.0% |
| Trade debts | 44 | €44,330 | €49,931 | +€5,601 | +12.6% |
| Suppliers | 440/4 | €44,330 | €49,931 | +€5,601 | +12.6% |
| Taxes, remuneration and social security | 45 | €30,739 | €26,182 | -€4,558 | -14.8% |
| Taxes | 450/3 | €7,371 | €4,423 | -€2,948 | -40.0% |
| Remuneration and social security | 454/9 | €23,368 | €21,759 | -€1,610 | -6.9% |
| Accrued charges and deferred income | 492/3 | €29,727 | €31,192 | +€1,465 | +4.9% |
| Remuneration, social security and pensions | 62 | €244,654 | €340,461 | +€95,808 | +39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,671 | €2,314 | +€643 | +38.5% |
| Other operating charges | 640/8 | €925 | €358 | -€567 | -61.3% |
| Gross operating margin | 9900 | €85,105 | €300,280 | +€215,175 | +253% |
| Operating profit (loss) | 9901 | -€162,145 | -€42,854 | +€119,291 | +73.6% |
| Financial charges | 65/66B | €9,971 | €15,314 | +€5,343 | +53.6% |
| Recurring financial charges | 65 | €9,971 | €15,314 | +€5,343 | +53.6% |
| Profit (loss) for the period before taxes | 9903 | -€172,115 | -€58,168 | +€113,948 | +66.2% |
| Profit (loss) for the period | 9904 | -€172,115 | -€58,168 | +€113,948 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€172,115 | -€58,168 | +€113,948 | +66.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.