coreOps: 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.
coreOps
Largest movements
- Cash +€19,617
up €19,617 (+68.6%), from €28,612 to €48,229
mainly Provisions (+€29,664) and Net result for the year (+€17,945)
- Tangible fixed assets -€10,882
down €10,882 (-37.7%), from €28,872 to €17,990
of which Leasing and similar rights: -€11,584
- Receivables within one year +€8,272
up €8,272 (+75.4%), from €10,964 to €19,236
of which Trade receivables: +€10,350
- Deferred charges and accrued income +€7,369
new in 2025: €7,369
- Provisions +€29,664
new in 2025: €29,664
- Reserves -€20,000
down €20,000 (-32.5%), from €61,517 to €41,517
- Profit (loss) carried forward +€17,945
up €17,945 (+39.8%), from -€45,059 to -€27,114
- Debts after one year -€10,001
no longer reported in 2025 (was €10,001)
- Other debts +€7,112
up €7,112 (+61.4%), from €11,588 to €18,700
- Gross operating margin +€98,147
up €98,147, from -€29,110 to €69,038
- Provisions +€29,664
new in 2025: €29,664
- Financial charges +€3,344
up €3,344 (+435.0%), from €769 to €4,113
- Taxes +€2,576
up €2,576 (+1536.1%), from €168 to €2,743
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 | €68,447 | €92,823 | +€24,375 | +35.6% |
| Fixed assets | 21/28 | €28,872 | €17,990 | -€10,882 | -37.7% |
| Tangible fixed assets | 22/27 | €28,872 | €17,990 | -€10,882 | -37.7% |
| Furniture and vehicles | 24 | €4,116 | €4,818 | +€702 | +17.1% |
| Leasing and similar rights | 25 | €24,755 | €13,171 | -€11,584 | -46.8% |
| Current assets | 29/58 | €39,576 | €74,833 | +€35,258 | +89.1% |
| Amounts receivable within one year | 40/41 | €10,964 | €19,236 | +€8,272 | +75.4% |
| Trade receivables | 40 | - | €10,350 | +€10,350 | |
| Other amounts receivable | 41 | €10,964 | €8,886 | -€2,078 | -19.0% |
| Cash at bank and in hand | 54/58 | €28,612 | €48,229 | +€19,617 | +68.6% |
| Deferred charges and accrued income | 490/1 | - | €7,369 | +€7,369 | |
| Total equity and liabilities | 10/49 | €68,447 | €92,823 | +€24,375 | +35.6% |
| Equity | 10/15 | €35,009 | €32,953 | -€2,055 | -5.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €61,517 | €41,517 | -€20,000 | -32.5% |
| Distributable reserves | 133 | €61,517 | €41,517 | -€20,000 | -32.5% |
| Profit (loss) carried forward | 14 | -€45,059 | -€27,114 | +€17,945 | +39.8% |
| Provisions and deferred taxes | 16 | - | €29,664 | +€29,664 | |
| Provisions for liabilities and charges | 160/5 | - | €29,664 | +€29,664 | |
| Other liabilities and charges | 164/5 | - | €29,664 | +€29,664 | |
| Amounts payable | 17/49 | €33,439 | €30,206 | -€3,233 | -9.7% |
| Amounts payable after more than one year | 17 | €10,001 | - | -€10,001 | |
| Financial debts | 170/4 | €10,001 | - | -€10,001 | |
| Amounts payable within one year | 42/48 | €23,438 | €30,206 | +€6,767 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €8,678 | €10,001 | +€1,323 | +15.2% |
| Trade debts | 44 | €267 | €105 | -€162 | -60.6% |
| Suppliers | 440/4 | €267 | €105 | -€162 | -60.6% |
| Taxes, remuneration and social security | 45 | €2,905 | €1,400 | -€1,505 | -51.8% |
| Taxes | 450/3 | €2,905 | €1,400 | -€1,505 | -51.8% |
| Other amounts payable | 47/48 | €11,588 | €18,700 | +€7,112 | +61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,625 | €14,073 | -€553 | -3.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €29,664 | +€29,664 | |
| Other operating charges | 640/8 | €387 | €500 | +€112 | +29.0% |
| Gross operating margin | 9900 | -€29,110 | €69,038 | +€98,147 | |
| Operating profit (loss) | 9901 | -€44,122 | €24,801 | +€68,924 | |
| Financial charges | 65/66B | €769 | €4,113 | +€3,344 | +435.0% |
| Recurring financial charges | 65 | €769 | €4,113 | +€3,344 | +435.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,891 | €20,688 | +€65,579 | |
| Income taxes | 67/77 | €168 | €2,743 | +€2,576 | +1536.1% |
| Profit (loss) for the period | 9904 | -€45,059 | €17,945 | +€63,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,059 | €17,945 | +€63,003 |
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 11 October 2026 via checked.be.