CORENO: 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.
CORENO
Largest movements
- Receivables within one year +€29,092
up €29,092, from €0 to €29,092
of which Other amounts receivable: +€23,174
- Tangible fixed assets -€7,920
no longer reported in 2025 (was €7,920)
of which Land and buildings: -€4,562
- Deferred charges and accrued income -€2,100
no longer reported in 2025 (was €2,100)
- Formation expenses -€1,258
no longer reported in 2025 (was €1,258)
- Cash +€855
up €855, from €0 to €855
mainly Other debts (+€12,411) and Net result for the year (+€9,598)
- Other debts +€12,411
up €12,411 (+236.0%), from €5,260 to €17,671
- Profit (loss) carried forward +€9,598
up €9,598, from -€9,383 to €215
- Tax, wage and social debts -€2,020
down €2,020 (-90.2%), from €2,239 to €219
of which Taxes: -€2,020
- Trade debts -€1,214
down €1,214 (-20.0%), from €6,056 to €4,842
- Accrued charges and deferred income -€437
no longer reported in 2025 (was €437)
- Gross operating margin +€31,207
up €31,207, from -€17,654 to €13,554
- Other operating charges -€9,925
down €9,925 (-85.5%), from €11,612 to €1,687
- Staff costs -€3,988
no longer reported in 2025 (was €3,988)
- Depreciation -€2,974
no longer reported in 2025 (was €2,974)
- Financial charges -€273
down €273 (-29.4%), from €929 to €656
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 | €11,609 | €29,947 | +€18,338 | +158.0% |
| Formation expenses | 20 | €1,258 | - | -€1,258 | |
| Fixed assets | 21/28 | €8,251 | - | -€8,251 | |
| Tangible fixed assets | 22/27 | €7,920 | - | -€7,920 | |
| Land and buildings | 22 | €4,562 | - | -€4,562 | |
| Plant, machinery and equipment | 23 | €1,278 | - | -€1,278 | |
| Furniture and vehicles | 24 | €2,080 | - | -€2,080 | |
| Financial fixed assets | 28 | €331 | - | -€331 | |
| Current assets | 29/58 | €2,100 | €29,947 | +€27,847 | +1326.2% |
| Amounts receivable within one year | 40/41 | €0 | €29,092 | +€29,092 | |
| Trade receivables | 40 | €0 | €5,918 | +€5,918 | |
| Other amounts receivable | 41 | €0 | €23,174 | +€23,174 | |
| Cash at bank and in hand | 54/58 | €0 | €855 | +€855 | |
| Deferred charges and accrued income | 490/1 | €2,100 | - | -€2,100 | |
| Total equity and liabilities | 10/49 | €11,609 | €29,947 | +€18,338 | +158.0% |
| Equity | 10/15 | -€2,383 | €7,215 | +€9,598 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,383 | €215 | +€9,598 | |
| Amounts payable | 17/49 | €13,992 | €22,732 | +€8,740 | +62.5% |
| Amounts payable within one year | 42/48 | €13,555 | €22,732 | +€9,177 | +67.7% |
| Trade debts | 44 | €6,056 | €4,842 | -€1,214 | -20.0% |
| Suppliers | 440/4 | €6,056 | €4,842 | -€1,214 | -20.0% |
| Taxes, remuneration and social security | 45 | €2,239 | €219 | -€2,020 | -90.2% |
| Taxes | 450/3 | €2,239 | €219 | -€2,020 | -90.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,260 | €17,671 | +€12,411 | +236.0% |
| Accrued charges and deferred income | 492/3 | €437 | - | -€437 | |
| Non-recurring operating income | 76A | - | €999 | +€999 | |
| Remuneration, social security and pensions | 62 | €3,988 | - | -€3,988 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,974 | - | -€2,974 | |
| Other operating charges | 640/8 | €11,612 | €1,687 | -€9,925 | -85.5% |
| Non-recurring operating charges | 66A | - | €1,486 | +€1,486 | |
| Gross operating margin | 9900 | -€17,654 | €13,554 | +€31,207 | |
| Operating profit (loss) | 9901 | -€36,227 | €10,381 | +€46,608 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €929 | €656 | -€273 | -29.4% |
| Recurring financial charges | 65 | €929 | €656 | -€273 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,155 | €9,725 | +€46,880 | |
| Income taxes | 67/77 | €202 | €127 | -€75 | -36.9% |
| Profit (loss) for the period | 9904 | -€37,357 | €9,598 | +€46,955 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,357 | €9,598 | +€46,955 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.