CORESI: 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.
CORESI
Largest movements
- Current investments +€279,465
up €279,465 (+268%), from €104,405 to €383,871
- Cash -€221,941
down €221,941 (-96.2%), from €230,756 to €8,816
mainly Current investments (-€279,465) and Receivables within one year (-€997)
- Reserves +€48,485
up €48,485 (+15.1%), from €322,112 to €370,598
of which Distributable reserves: +€48,485
- Tax, wage and social debts +€4,849
new in 2025: €4,849
- Financial income +€61,503
up €61,503 (+667%), from €9,218 to €70,721
- Gross operating margin +€9,170
up €9,170 (+41.1%), from -€22,301 to -€13,132
- Taxes +€8,461
up €8,461, from -€3,477 to €4,984
- Other operating charges -€1,178
down €1,178 (-48.7%), from €2,420 to €1,242
- Depreciation -€1,109
down €1,109 (-43.9%), from €2,529 to €1,419
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €342,183 | €398,537 | +€56,355 | +16.5% |
| Fixed assets | 21/28 | €3,283 | €1,864 | -€1,419 | -43.2% |
| Tangible fixed assets | 22/27 | €3,283 | €1,864 | -€1,419 | -43.2% |
| Land and buildings | 22 | €477 | - | -€477 | |
| Plant, machinery and equipment | 23 | €1,807 | €865 | -€942 | -52.1% |
| Furniture and vehicles | 24 | €999 | €999 | = | 0.0% |
| Current assets | 29/58 | €338,900 | €396,674 | +€57,774 | +17.0% |
| Amounts receivable within one year | 40/41 | €2,598 | €3,595 | +€997 | +38.4% |
| Other amounts receivable | 41 | €2,598 | €3,595 | +€997 | +38.4% |
| Current investments | 50/53 | €104,405 | €383,871 | +€279,465 | +268% |
| Cash at bank and in hand | 54/58 | €230,756 | €8,816 | -€221,941 | -96.2% |
| Deferred charges and accrued income | 490/1 | €1,140 | €392 | -€748 | -65.6% |
| Total equity and liabilities | 10/49 | €342,183 | €398,537 | +€56,355 | +16.5% |
| Equity | 10/15 | €342,112 | €390,598 | +€48,485 | +14.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €322,112 | €370,598 | +€48,485 | +15.1% |
| Non-distributable reserves | 130/1 | €21,119 | €21,119 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,119 | €21,119 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €263,494 | €311,979 | +€48,485 | +18.4% |
| Amounts payable | 17/49 | €70 | €7,940 | +€7,869 | +11,186% |
| Amounts payable within one year | 42/48 | €70 | €7,940 | +€7,869 | +11,186% |
| Trade debts | 44 | €70 | €3,091 | +€3,021 | +4,294% |
| Suppliers | 440/4 | €70 | €3,091 | +€3,021 | +4,294% |
| Taxes, remuneration and social security | 45 | - | €4,849 | +€4,849 | |
| Taxes | 450/3 | - | €4,849 | +€4,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,529 | €1,419 | -€1,109 | -43.9% |
| Other operating charges | 640/8 | €2,420 | €1,242 | -€1,178 | -48.7% |
| Gross operating margin | 9900 | -€22,301 | -€13,132 | +€9,170 | +41.1% |
| Operating profit (loss) | 9901 | -€27,250 | -€15,793 | +€11,457 | +42.0% |
| Financial income | 75/76B | €9,218 | €70,721 | +€61,503 | +667% |
| Recurring financial income | 75 | €9,218 | €70,721 | +€61,503 | +667% |
| Financial charges | 65/66B | €577 | €1,460 | +€883 | +153% |
| Recurring financial charges | 65 | €577 | €1,460 | +€883 | +153% |
| Profit (loss) for the period before taxes | 9903 | -€18,609 | €53,469 | +€72,078 | |
| Income taxes | 67/77 | -€3,477 | €4,984 | +€8,461 | |
| Profit (loss) for the period | 9904 | -€15,132 | €48,485 | +€63,617 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,132 | €48,485 | +€63,617 |
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 15 October 2026 via checked.be.