CORENOVE: 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.
CORENOVE
Largest movements
- Receivables within one year +€220,624
up €220,624 (+72.0%), from €306,352 to €526,976
of which Other amounts receivable: +€270,426
- Cash +€116,557
up €116,557 (+45.1%), from €258,397 to €374,954
mainly Contributions, distributions and other (+€333,533) and Net result for the year (+€59,085)
- Investment grants +€333,333
new in 2025: €333,333
- Profit (loss) carried forward +€59,085
up €59,085 (+44.6%), from €132,532 to €191,617
- Tax, wage and social debts -€27,304
down €27,304 (-14.9%), from €182,645 to €155,341
of which Taxes: -€27,238
- Other debts -€14,704
down €14,704 (-12.6%), from €116,640 to €101,936
- Gross operating margin -€129,391
down €129,391 (-25.8%), from €501,941 to €372,551
- Financial income +€86,660
up €86,660 (+58.7%), from €147,666 to €234,326
- Taxes -€10,924
down €10,924 (-31.9%), from €34,233 to €23,309
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 | €575,196 | €923,123 | +€347,926 | +60.5% |
| Fixed assets | 21/28 | €8,848 | €17,346 | +€8,498 | +96.0% |
| Tangible fixed assets | 22/27 | €5,118 | €5,926 | +€808 | +15.8% |
| Plant, machinery and equipment | 23 | €1,722 | €1,271 | -€451 | -26.2% |
| Furniture and vehicles | 24 | €3,395 | €4,655 | +€1,259 | +37.1% |
| Financial fixed assets | 28 | €3,730 | €11,420 | +€7,690 | +206.2% |
| Current assets | 29/58 | €566,349 | €905,777 | +€339,428 | +59.9% |
| Amounts receivable within one year | 40/41 | €306,352 | €526,976 | +€220,624 | +72.0% |
| Trade receivables | 40 | €306,352 | €256,550 | -€49,802 | -16.3% |
| Other amounts receivable | 41 | - | €270,426 | +€270,426 | |
| Cash at bank and in hand | 54/58 | €258,397 | €374,954 | +€116,557 | +45.1% |
| Deferred charges and accrued income | 490/1 | €1,600 | €3,847 | +€2,248 | +140.5% |
| Total equity and liabilities | 10/49 | €575,196 | €923,123 | +€347,926 | +60.5% |
| Equity | 10/15 | €267,506 | €660,124 | +€392,618 | +146.8% |
| Contributions | 10/11 | €134,974 | €135,174 | +€200 | +0.1% |
| Profit (loss) carried forward | 14 | €132,532 | €191,617 | +€59,085 | +44.6% |
| Investment grants | 15 | - | €333,333 | +€333,333 | |
| Amounts payable | 17/49 | €307,691 | €262,999 | -€44,692 | -14.5% |
| Amounts payable within one year | 42/48 | €307,691 | €262,999 | -€44,692 | -14.5% |
| Trade debts | 44 | €8,406 | €5,722 | -€2,684 | -31.9% |
| Suppliers | 440/4 | €8,406 | €5,722 | -€2,684 | -31.9% |
| Taxes, remuneration and social security | 45 | €182,645 | €155,341 | -€27,304 | -14.9% |
| Taxes | 450/3 | €68,190 | €40,952 | -€27,238 | -39.9% |
| Remuneration and social security | 454/9 | €114,455 | €114,389 | -€66 | -0.1% |
| Other amounts payable | 47/48 | €116,640 | €101,936 | -€14,704 | -12.6% |
| Remuneration, social security and pensions | 62 | €513,854 | €509,203 | -€4,650 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,600 | €3,849 | +€249 | +6.9% |
| Other operating charges | 640/8 | €11,409 | €11,326 | -€83 | -0.7% |
| Gross operating margin | 9900 | €501,941 | €372,551 | -€129,391 | -25.8% |
| Operating profit (loss) | 9901 | -€26,921 | -€151,828 | -€124,907 | -464.0% |
| Financial income | 75/76B | €147,666 | €234,326 | +€86,660 | +58.7% |
| Recurring financial income | 75 | €147,666 | €234,326 | +€86,660 | +58.7% |
| Financial charges | 65/66B | €129 | €104 | -€25 | -19.3% |
| Recurring financial charges | 65 | €129 | €104 | -€25 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | €120,616 | €82,394 | -€38,222 | -31.7% |
| Income taxes | 67/77 | €34,233 | €23,309 | -€10,924 | -31.9% |
| Profit (loss) for the period | 9904 | €86,383 | €59,085 | -€27,298 | -31.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,383 | €59,085 | -€27,298 | -31.6% |
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.