COREPRO: 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.
COREPRO
Largest movements
- Receivables within one year +€515,345
up €515,345 (+49.7%), from €1.0m to €1.6m
of which Trade receivables: +€541,782
- Cash +€255,979
up €255,979 (+42.1%), from €608,024 to €864,004
mainly Net result for the year (+€708,067) and Tax, wage and social debts (+€205,792)
- Financial fixed assets -€40,206
down €40,206 (-19.1%), from €210,976 to €170,770
- Reserves +€708,067
up €708,067 (+101.4%), from €698,058 to €1.4m
of which Distributable reserves: +€708,067
- Tax, wage and social debts +€205,792
up €205,792 (+67.1%), from €306,514 to €512,306
of which Taxes: +€256,725
- Trade debts -€130,985
down €130,985 (-11.6%), from €1.1m to €994,714
- Gross operating margin +€1.2m
up €1.2m (+129.0%), from €933,420 to €2.1m
- Taxes +€247,361
up €247,361 (+587.5%), from €42,107 to €289,468
- Staff costs +€144,407
up €144,407 (+17.4%), from €828,339 to €972,746
- Write-downs +€107,504
up €107,504, from -€44,941 to €62,563
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 | €2,373,251 | €3,111,353 | +€738,102 | +31.1% |
| Fixed assets | 21/28 | €450,489 | €406,042 | -€44,447 | -9.9% |
| Tangible fixed assets | 22/27 | €239,513 | €235,272 | -€4,242 | -1.8% |
| Land and buildings | 22 | €190,046 | €179,600 | -€10,446 | -5.5% |
| Plant, machinery and equipment | 23 | €27,650 | €18,762 | -€8,888 | -32.1% |
| Furniture and vehicles | 24 | €21,817 | €36,910 | +€15,093 | +69.2% |
| Financial fixed assets | 28 | €210,976 | €170,770 | -€40,206 | -19.1% |
| Current assets | 29/58 | €1,922,762 | €2,705,311 | +€782,549 | +40.7% |
| Amounts receivable within one year | 40/41 | €1,037,270 | €1,552,615 | +€515,345 | +49.7% |
| Trade receivables | 40 | €1,006,875 | €1,548,657 | +€541,782 | +53.8% |
| Other amounts receivable | 41 | €30,395 | €3,958 | -€26,437 | -87.0% |
| Current investments | 50/53 | €246,285 | €246,285 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €608,024 | €864,004 | +€255,979 | +42.1% |
| Deferred charges and accrued income | 490/1 | €31,183 | €42,407 | +€11,225 | +36.0% |
| Total equity and liabilities | 10/49 | €2,373,251 | €3,111,353 | +€738,102 | +31.1% |
| Equity | 10/15 | €738,902 | €1,445,677 | +€706,775 | +95.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €698,058 | €1,406,125 | +€708,067 | +101.4% |
| Non-distributable reserves | 130/1 | €246,285 | €246,285 | = | 0.0% |
| Own shares acquired | 1312 | €246,285 | €246,285 | = | 0.0% |
| Distributable reserves | 133 | €451,773 | €1,159,840 | +€708,067 | +156.7% |
| Investment grants | 15 | €22,244 | €20,952 | -€1,291 | -5.8% |
| Amounts payable | 17/49 | €1,634,349 | €1,665,675 | +€31,327 | +1.9% |
| Amounts payable after more than one year | 17 | €115,619 | €103,277 | -€12,341 | -10.7% |
| Financial debts | 170/4 | €115,619 | €103,277 | -€12,341 | -10.7% |
| Amounts payable within one year | 42/48 | €1,518,730 | €1,561,341 | +€42,612 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €26,456 | €12,906 | -€13,550 | -51.2% |
| Trade debts | 44 | €1,125,698 | €994,714 | -€130,985 | -11.6% |
| Suppliers | 440/4 | €1,125,698 | €994,714 | -€130,985 | -11.6% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €306,514 | €512,306 | +€205,792 | +67.1% |
| Taxes | 450/3 | €133,791 | €390,515 | +€256,725 | +191.9% |
| Remuneration and social security | 454/9 | €172,723 | €121,791 | -€50,932 | -29.5% |
| Other amounts payable | 47/48 | €59,062 | €41,416 | -€17,646 | -29.9% |
| Accrued charges and deferred income | 492/3 | - | €1,057 | +€1,057 | |
| Non-recurring operating income | 76A | €3,815 | - | -€3,815 | |
| Remuneration, social security and pensions | 62 | €828,339 | €972,746 | +€144,407 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,816 | €36,656 | +€5,840 | +19.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€44,941 | €62,563 | +€107,504 | |
| Other operating charges | 640/8 | €10,361 | €13,031 | +€2,670 | +25.8% |
| Non-recurring operating charges | 66A | €20,397 | €43,053 | +€22,655 | +111.1% |
| Gross operating margin | 9900 | €933,420 | €2,137,536 | +€1.2m | +129.0% |
| Operating profit (loss) | 9901 | €88,449 | €1,009,487 | +€921,038 | +1041.3% |
| Financial income | 75/76B | €2,799 | €1,362 | -€1,437 | -51.3% |
| Recurring financial income | 75 | €2,799 | €1,362 | -€1,437 | -51.3% |
| Financial charges | 65/66B | €13,550 | €13,314 | -€236 | -1.7% |
| Recurring financial charges | 65 | €12,328 | €13,210 | +€881 | +7.1% |
| Non-recurring financial charges | 66B | €1,222 | €105 | -€1,117 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €77,697 | €997,534 | +€919,837 | +1183.9% |
| Income taxes | 67/77 | €42,107 | €289,468 | +€247,361 | +587.5% |
| Profit (loss) for the period | 9904 | €35,590 | €708,067 | +€672,477 | +1889.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,590 | €708,067 | +€672,477 | +1889.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.