COREPA: 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.
What changed
COREPA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€58,081
2024 · €3.0m-€2.9m
Equity
€56.5m
2024 · €57.3m-€772,540
Cash
€146,306
2024 · €860,987-€714,682
Balance sheet total
€57.6m
2024 · €58.2m-€662,305
Largest movements
Assets
- Current investments -€1.0m
down €1.0m (-33.3%), from €3.0m to €2.0m
- Cash -€714,682
down €714,682 (-83.0%), from €860,987 to €146,306
mainly Contributions, distributions and other (-€830,621) and Investment in fixed assets (net) (-€818,623)
Equity and liabilities
- Reserves -€772,540
down €772,540 (-16.5%), from €4.7m to €3.9m
Income statement
- Financial income -€3.1m
down €3.1m (-98.9%), from €3.1m to €35,504
- Turnover +€1.0m
up €1.0m (+104.8%), from €973,008 to €2.0m
- Services and other goods +€695,192
up €695,192 (+140.7%), from €494,051 to €1.2m
- Staff costs +€174,054
up €174,054 (+28.7%), from €605,948 to €780,001
- Other operating income +€34,214
up €34,214 (+1788.3%), from €1,913 to €36,127
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
€3.0m
Turnover
+€1.0m
Other operating income
+€34,214
Services and other goods
-€695,192
Staff costs
-€174,054
Other operating charges
+€4,839
Financial income
-€3.1m
Financial charges
-€4,615
Taxes
-€27,585
Result 2025
€58,081
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.
From operations
-€65,438
Investment
+€181,377
Financing
-€830,621
Cash 2024
€860,987
From operations (derived)
-€65,438
Net result for the year
+€58,081
Depreciation
+€275
Receivables within one year
-€218,927
Deferred charges and accrued income
-€15,101
Trade debts
+€150,652
Tax, wage and social debts
+€8,837
Other debts
-€49,254
Investment (derived)
+€181,377
Investment in fixed assets (net)
-€818,623
Current investments
+€1.0m
Financing
-€830,621
Contributions, distributions and other
-€830,621
Cash 2025
€146,306
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,241,551 | €57,579,246 | -€662,305 | -1.1% |
| Fixed assets | 21/28 | €54,112,165 | €54,930,514 | +€818,349 | +1.5% |
| Intangible fixed assets | 21 | €48,285 | €516,908 | +€468,623 | +970.5% |
| Tangible fixed assets | 22/27 | €2,213 | €1,938 | -€275 | -12.4% |
| Plant, machinery and equipment | 23 | €2,213 | €1,938 | -€275 | -12.4% |
| Financial fixed assets | 28 | €54,061,667 | €54,411,667 | +€350,000 | +0.6% |
| Affiliated companies | 280/1 | €54,061,667 | €54,411,667 | +€350,000 | +0.6% |
| Participating interests | 280 | €54,061,667 | €54,061,667 | = | 0.0% |
| Amounts receivable | 281 | - | €350,000 | +€350,000 | |
| Current assets | 29/58 | €4,129,386 | €2,648,733 | -€1.5m | -35.9% |
| Amounts receivable after more than one year | 29 | €69,000 | €69,000 | = | 0.0% |
| Other amounts receivable | 291 | €69,000 | €69,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €197,590 | €416,517 | +€218,927 | +110.8% |
| Trade receivables | 40 | €146,533 | €375,704 | +€229,170 | +156.4% |
| Other amounts receivable | 41 | €51,057 | €40,814 | -€10,243 | -20.1% |
| Current investments | 50/53 | €3,000,000 | €2,000,000 | -€1.0m | -33.3% |
| Other investments | 51/53 | €3,000,000 | €2,000,000 | -€1.0m | -33.3% |
| Cash at bank and in hand | 54/58 | €860,987 | €146,306 | -€714,682 | -83.0% |
| Deferred charges and accrued income | 490/1 | €1,809 | €16,910 | +€15,101 | +834.9% |
| Total equity and liabilities | 10/49 | €58,241,551 | €57,579,246 | -€662,305 | -1.1% |
| Equity | 10/15 | €57,250,479 | €56,477,939 | -€772,540 | -1.3% |
| Contributions | 10/11 | €52,566,667 | €52,566,667 | = | 0.0% |
| Reserves | 13 | €4,683,812 | €3,911,272 | -€772,540 | -16.5% |
| Distributable reserves | 133 | €4,683,812 | €3,911,272 | -€772,540 | -16.5% |
| Amounts payable | 17/49 | €991,073 | €1,101,308 | +€110,235 | +11.1% |
| Amounts payable within one year | 42/48 | €991,073 | €1,101,308 | +€110,235 | +11.1% |
| Trade debts | 44 | €38,059 | €188,711 | +€150,652 | +395.8% |
| Suppliers | 440/4 | €38,059 | €188,711 | +€150,652 | +395.8% |
| Taxes, remuneration and social security | 45 | €73,139 | €81,976 | +€8,837 | +12.1% |
| Taxes | 450/3 | €13,088 | - | -€13,088 | |
| Remuneration and social security | 454/9 | €60,051 | €81,976 | +€21,925 | +36.5% |
| Other amounts payable | 47/48 | €879,875 | €830,621 | -€49,254 | -5.6% |
| Operating income | 70/76A | €974,921 | €2,028,939 | +€1.1m | +108.1% |
| Turnover | 70 | €973,008 | €1,992,812 | +€1.0m | +104.8% |
| Other operating income | 74 | €1,913 | €36,127 | +€34,214 | +1788.3% |
| Operating charges | 60/66A | €1,106,373 | €1,970,780 | +€864,407 | +78.1% |
| Services and other goods | 61 | €494,051 | €1,189,244 | +€695,192 | +140.7% |
| Remuneration, social security and pensions | 62 | €605,948 | €780,001 | +€174,054 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €275 | = | 0.0% |
| Other operating charges | 640/8 | €6,099 | €1,260 | -€4,839 | -79.3% |
| Operating profit (loss) | 9901 | -€131,452 | €58,159 | +€189,611 | |
| Financial income | 75/76B | €3,114,447 | €35,504 | -€3.1m | -98.9% |
| Recurring financial income | 75 | €3,114,447 | €35,504 | -€3.1m | -98.9% |
| Income from financial fixed assets | 750 | €3,000,000 | - | -€3.0m | |
| Income from current assets | 751 | €114,447 | €35,503 | -€78,944 | -69.0% |
| Other financial income | 752/9 | - | €1 | +€1 | |
| Financial charges | 65/66B | €490 | €5,105 | +€4,615 | +941.1% |
| Recurring financial charges | 65 | €490 | €5,105 | +€4,615 | +941.1% |
| Debt charges | 650 | - | €4,389 | +€4,389 | |
| Other financial charges | 652/9 | €490 | €716 | +€225 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | €2,982,505 | €88,558 | -€2.9m | -97.0% |
| Income taxes | 67/77 | €2,892 | €30,477 | +€27,585 | +953.8% |
| Taxes | 670/3 | €2,892 | €30,477 | +€27,585 | +953.8% |
| Profit (loss) for the period | 9904 | €2,979,613 | €58,081 | -€2.9m | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,979,613 | €58,081 | -€2.9m | -98.1% |
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 8 October 2026 via checked.be.