CORESE: 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.
CORESE
Largest movements
- Receivables within one year +€30,239
up €30,239 (+65.9%), from €45,904 to €76,143
of which Trade receivables: +€28,266
- Tangible fixed assets +€27,553
up €27,553 (+78.2%), from €35,224 to €62,777
of which Furniture and vehicles: +€29,920
- Cash -€25,034
down €25,034 (-72.4%), from €34,575 to €9,541
mainly Investment in fixed assets (net) (-€31,041) and Receivables within one year (-€30,239)
- Debts after one year +€20,849
new in 2025: €20,849
- Profit (loss) carried forward +€11,761
up €11,761 (+14.1%), from €83,539 to €95,300
- Current portion of long-term debt +€6,695
new in 2025: €6,695
- Trade debts -€6,200
down €6,200 (-98.4%), from €6,303 to €103
- Gross operating margin +€15,397
up €15,397 (+203.5%), from €7,566 to €22,963
- Other operating charges -€5,781
down €5,781 (-77.8%), from €7,426 to €1,645
- Taxes +€4,050
up €4,050 (+980.6%), from €413 to €4,463
- Financial charges +€1,293
up €1,293 (+414.4%), from €312 to €1,605
of which Non-recurring financial charges: +€1,527
- Depreciation +€680
up €680 (+24.2%), from €2,808 to €3,488
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 | €116,853 | €149,611 | +€32,758 | +28.0% |
| Fixed assets | 21/28 | €36,374 | €63,927 | +€27,553 | +75.7% |
| Tangible fixed assets | 22/27 | €35,224 | €62,777 | +€27,553 | +78.2% |
| Land and buildings | 22 | €34,300 | €32,200 | -€2,100 | -6.1% |
| Plant, machinery and equipment | 23 | €267 | - | -€267 | |
| Furniture and vehicles | 24 | €657 | €30,577 | +€29,920 | +4554.0% |
| Financial fixed assets | 28 | €1,150 | €1,150 | = | 0.0% |
| Current assets | 29/58 | €80,479 | €85,684 | +€5,205 | +6.5% |
| Amounts receivable within one year | 40/41 | €45,904 | €76,143 | +€30,239 | +65.9% |
| Trade receivables | 40 | - | €28,266 | +€28,266 | |
| Other amounts receivable | 41 | €45,904 | €47,877 | +€1,973 | +4.3% |
| Cash at bank and in hand | 54/58 | €34,575 | €9,541 | -€25,034 | -72.4% |
| Total equity and liabilities | 10/49 | €116,853 | €149,611 | +€32,758 | +28.0% |
| Equity | 10/15 | €96,254 | €108,015 | +€11,761 | +12.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €215 | €215 | = | 0.0% |
| Non-distributable reserves | 130/1 | €215 | €215 | = | 0.0% |
| Reserves not available under the articles | 1311 | €215 | €215 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,539 | €95,300 | +€11,761 | +14.1% |
| Amounts payable | 17/49 | €20,599 | €41,596 | +€20,997 | +101.9% |
| Amounts payable after more than one year | 17 | - | €20,849 | +€20,849 | |
| Financial debts | 170/4 | - | €20,849 | +€20,849 | |
| Amounts payable within one year | 42/48 | €20,599 | €20,747 | +€148 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,695 | +€6,695 | |
| Trade debts | 44 | €6,303 | €103 | -€6,200 | -98.4% |
| Suppliers | 440/4 | €6,303 | €103 | -€6,200 | -98.4% |
| Taxes, remuneration and social security | 45 | €14,296 | €13,949 | -€347 | -2.4% |
| Taxes | 450/3 | €14,296 | €13,949 | -€347 | -2.4% |
| Non-recurring operating income | 76A | - | €6,524 | +€6,524 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €3,488 | +€680 | +24.2% |
| Other operating charges | 640/8 | €7,426 | €1,645 | -€5,781 | -77.8% |
| Gross operating margin | 9900 | €7,566 | €22,963 | +€15,397 | +203.5% |
| Operating profit (loss) | 9901 | -€2,668 | €17,830 | +€20,498 | |
| Financial charges | 65/66B | €312 | €1,605 | +€1,293 | +414.4% |
| Recurring financial charges | 65 | €312 | €78 | -€234 | -75.0% |
| Non-recurring financial charges | 66B | - | €1,527 | +€1,527 | |
| Profit (loss) for the period before taxes | 9903 | -€2,980 | €16,225 | +€19,205 | |
| Income taxes | 67/77 | €413 | €4,463 | +€4,050 | +980.6% |
| Profit (loss) for the period | 9904 | -€3,393 | €11,762 | +€15,155 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,393 | €11,762 | +€15,155 |
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 12 October 2026 via checked.be.