CORENT: 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.
What changed
CORENT
NACE 77.110, Renting and leasing of cars and light motor vehicles
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€53,586
2024 · €49,597-€103,183
Equity
€3.0m
2024 · €3.0m-€53,586
Cash
€604,195
2024 · €2.0m-€1.4m
Balance sheet total
€5.4m
2024 · €5.5m-€110,781
Largest movements
Assets
- Current investments +€1.5m
new in 2025: €1.5m
- Cash -€1.4m
down €1.4m (-69.1%), from €2.0m to €604,195
mainly Current investments (-€1.5m) and Investment in fixed assets (net) (-€1.0m)
- Tangible fixed assets -€171,341
down €171,341 (-5.3%), from €3.2m to €3.1m
of which Furniture and vehicles: -€165,021
- Receivables within one year -€106,731
down €106,731 (-34.0%), from €313,807 to €207,076
of which Trade receivables: -€124,795
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Write-downs +€132,298
up €132,298 (+1,021%), from €12,964 to €145,262
- Depreciation -€93,257
down €93,257 (-7.2%), from €1.3m to €1.2m
- Other operating charges +€57,766
up €57,766 (+62.2%), from €92,868 to €150,633
- Staff costs +€41,468
up €41,468 (+101%), from €41,045 to €82,514
- Gross operating margin +€40,346
up €40,346 (+2.7%), from €1.5m to €1.5m
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.
Result 2024
€49,597
Gross operating margin
+€40,346
Staff costs
-€41,468
Depreciation
+€93,257
Write-downs
-€132,298
Other operating charges
-€57,766
Financial income
-€20,180
Financial charges
+€11
Taxes
-€1
Deferred taxes and other
+€14,917
Result 2025
-€53,586
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.2m
Investment
-€2.6m
Financing
+€22,818
Cash 2024
€2.0m
From operations (derived)
+€1.2m
Net result for the year
-€53,586
Depreciation
+€1.2m
Receivables within one year
+€106,731
Deferred charges and accrued income
-€2,278
Provisions
-€11,162
Trade debts
-€24,223
Tax, wage and social debts
-€44,627
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€1.0m
Current investments
-€1.5m
Financing
+€22,818
Debts after one year
+€22,818
Cash 2025
€604,195
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,515,243 | €5,404,462 | -€110,781 | -2.0% |
| Fixed assets | 21/28 | €3,244,422 | €3,070,834 | -€173,588 | -5.4% |
| Intangible fixed assets | 21 | €4,041 | €1,795 | -€2,246 | -55.6% |
| Tangible fixed assets | 22/27 | €3,240,381 | €3,069,039 | -€171,341 | -5.3% |
| Plant, machinery and equipment | 23 | €44,293 | €37,973 | -€6,320 | -14.3% |
| Furniture and vehicles | 24 | €3,196,088 | €3,031,066 | -€165,021 | -5.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,270,822 | €2,333,629 | +€62,807 | +2.8% |
| Amounts receivable within one year | 40/41 | €313,807 | €207,076 | -€106,731 | -34.0% |
| Trade receivables | 40 | €296,547 | €171,753 | -€124,795 | -42.1% |
| Other amounts receivable | 41 | €17,260 | €35,323 | +€18,064 | +105% |
| Current investments | 50/53 | - | €1,517,633 | +€1.5m | |
| Cash at bank and in hand | 54/58 | €1,954,568 | €604,195 | -€1.4m | -69.1% |
| Deferred charges and accrued income | 490/1 | €2,446 | €4,724 | +€2,278 | +93.1% |
| Total equity and liabilities | 10/49 | €5,515,243 | €5,404,462 | -€110,781 | -2.0% |
| Equity | 10/15 | €3,004,801 | €2,951,215 | -€53,586 | -1.8% |
| Contributions | 10/11 | €2,034,405 | €2,034,405 | = | 0.0% |
| Capital | 10 | €2,000,320 | €2,000,320 | = | 0.0% |
| Issued capital | 100 | €2,000,320 | €2,000,320 | = | 0.0% |
| Contributions outside capital | 11 | €34,085 | €34,085 | = | 0.0% |
| Share premium | 1100/10 | €34,085 | €34,085 | = | 0.0% |
| Reserves | 13 | €970,396 | €916,809 | -€53,586 | -5.5% |
| Non-distributable reserves | 130/1 | €60,435 | €60,435 | = | 0.0% |
| Legal reserve | 130 | €60,435 | €60,435 | = | 0.0% |
| Tax-exempt reserves | 132 | €80,937 | €47,451 | -€33,486 | -41.4% |
| Distributable reserves | 133 | €829,023 | €808,923 | -€20,100 | -2.4% |
| Provisions and deferred taxes | 16 | €21,209 | €10,047 | -€11,162 | -52.6% |
| Deferred taxes | 168 | €21,209 | €10,047 | -€11,162 | -52.6% |
| Amounts payable | 17/49 | €2,489,233 | €2,443,201 | -€46,033 | -1.8% |
| Amounts payable after more than one year | 17 | €219,359 | €242,177 | +€22,818 | +10.4% |
| Other amounts payable | 178/9 | €219,359 | €242,177 | +€22,818 | +10.4% |
| Amounts payable within one year | 42/48 | €2,269,874 | €2,201,024 | -€68,851 | -3.0% |
| Trade debts | 44 | €41,221 | €16,998 | -€24,223 | -58.8% |
| Suppliers | 440/4 | €41,221 | €16,998 | -€24,223 | -58.8% |
| Taxes, remuneration and social security | 45 | €57,084 | €12,456 | -€44,627 | -78.2% |
| Taxes | 450/3 | €52,231 | €3,300 | -€48,931 | -93.7% |
| Remuneration and social security | 454/9 | €4,853 | €9,156 | +€4,304 | +88.7% |
| Other amounts payable | 47/48 | €2,171,569 | €2,171,569 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €41,045 | €82,514 | +€41,468 | +101% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,300,933 | €1,207,676 | -€93,257 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,964 | €145,262 | +€132,298 | +1,021% |
| Other operating charges | 640/8 | €92,868 | €150,633 | +€57,766 | +62.2% |
| Gross operating margin | 9900 | €1,476,877 | €1,517,223 | +€40,346 | +2.7% |
| Operating profit (loss) | 9901 | €29,068 | -€68,861 | -€97,929 | |
| Financial income | 75/76B | €24,764 | €4,584 | -€20,180 | -81.5% |
| Recurring financial income | 75 | €24,764 | €4,584 | -€20,180 | -81.5% |
| Financial charges | 65/66B | €317 | €306 | -€11 | -3.5% |
| Recurring financial charges | 65 | €317 | €306 | -€11 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €53,515 | -€64,583 | -€118,098 | |
| Transfer from deferred taxes | 780 | €17,445 | €11,162 | -€6,283 | -36.0% |
| Transfer to deferred taxes | 680 | €21,200 | €0 | -€21,200 | -100% |
| Income taxes | 67/77 | €164 | €165 | +€1 | +0.9% |
| Profit (loss) for the period | 9904 | €49,597 | -€53,586 | -€103,183 | |
| Transfer from tax-exempt reserves | 789 | €52,335 | €33,486 | -€18,849 | -36.0% |
| Transfer to tax-exempt reserves | 689 | €63,600 | €0 | -€63,600 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €38,332 | -€20,100 | -€58,432 |
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 16 October 2026 via checked.be.