Corest: 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.
Corest
Largest movements
- Tangible fixed assets +€96,704
up €96,704 (+13.6%), from €710,015 to €806,719
of which Furniture and vehicles: +€74,723
- Receivables within one year -€54,233
down €54,233 (-84.2%), from €64,393 to €10,160
of which Trade receivables: -€51,043
- Cash +€49,286
up €49,286 (+40.3%), from €122,368 to €171,655
mainly Net result for the year (+€228,390) and Other debts (+€134,350)
- Other debts +€134,350
up €134,350 (+142.9%), from €94,039 to €228,390
- Trade debts -€78,498
down €78,498 (-97.9%), from €80,154 to €1,656
- Debts after one year +€27,507
up €27,507 (+5.2%), from €531,153 to €558,660
of which Financial debts: +€27,742
- Gross operating margin +€156,296
up €156,296 (+75.5%), from €207,065 to €363,361
- Taxes +€41,436
up €41,436 (+138.5%), from €29,921 to €71,358
- Financial charges +€8,965
up €8,965 (+66.4%), from €13,510 to €22,475
- Depreciation +€7,590
up €7,590 (+23.7%), from €32,065 to €39,656
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 | €899,774 | €990,150 | +€90,376 | +10.0% |
| Fixed assets | 21/28 | €710,015 | €806,719 | +€96,704 | +13.6% |
| Tangible fixed assets | 22/27 | €710,015 | €806,719 | +€96,704 | +13.6% |
| Land and buildings | 22 | €661,176 | €695,435 | +€34,259 | +5.2% |
| Plant, machinery and equipment | 23 | €35,252 | €35,434 | +€182 | +0.5% |
| Furniture and vehicles | 24 | €1,127 | €75,849 | +€74,723 | +6631.9% |
| Leasing and similar rights | 25 | €12,460 | - | -€12,460 | |
| Current assets | 29/58 | €189,760 | €183,431 | -€6,328 | -3.3% |
| Amounts receivable within one year | 40/41 | €64,393 | €10,160 | -€54,233 | -84.2% |
| Trade receivables | 40 | €51,203 | €160 | -€51,043 | -99.7% |
| Other amounts receivable | 41 | €13,191 | €10,000 | -€3,191 | -24.2% |
| Cash at bank and in hand | 54/58 | €122,368 | €171,655 | +€49,286 | +40.3% |
| Deferred charges and accrued income | 490/1 | €2,998 | €1,616 | -€1,382 | -46.1% |
| Total equity and liabilities | 10/49 | €899,774 | €990,150 | +€90,376 | +10.0% |
| Equity | 10/15 | €124,458 | €124,458 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,858 | €105,858 | = | 0.0% |
| Distributable reserves | 133 | €105,858 | €105,858 | = | 0.0% |
| Amounts payable | 17/49 | €775,316 | €865,692 | +€90,376 | +11.7% |
| Amounts payable after more than one year | 17 | €531,153 | €558,660 | +€27,507 | +5.2% |
| Financial debts | 170/4 | €528,067 | €555,810 | +€27,742 | +5.3% |
| Other amounts payable | 178/9 | €3,086 | €2,850 | -€236 | -7.6% |
| Amounts payable within one year | 42/48 | €242,535 | €305,397 | +€62,862 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €48,727 | €48,073 | -€653 | -1.3% |
| Trade debts | 44 | €80,154 | €1,656 | -€78,498 | -97.9% |
| Suppliers | 440/4 | €80,154 | €1,656 | -€78,498 | -97.9% |
| Taxes, remuneration and social security | 45 | €19,614 | €27,278 | +€7,664 | +39.1% |
| Taxes | 450/3 | €19,614 | €27,278 | +€7,664 | +39.1% |
| Other amounts payable | 47/48 | €94,039 | €228,390 | +€134,350 | +142.9% |
| Accrued charges and deferred income | 492/3 | €1,628 | €1,635 | +€7 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,065 | €39,656 | +€7,590 | +23.7% |
| Other operating charges | 640/8 | €3,964 | €1,484 | -€2,480 | -62.6% |
| Gross operating margin | 9900 | €207,065 | €363,361 | +€156,296 | +75.5% |
| Operating profit (loss) | 9901 | €171,036 | €322,222 | +€151,186 | +88.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €13,510 | €22,475 | +€8,965 | +66.4% |
| Recurring financial charges | 65 | €13,510 | €22,475 | +€8,965 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €157,526 | €299,747 | +€142,221 | +90.3% |
| Income taxes | 67/77 | €29,921 | €71,358 | +€41,436 | +138.5% |
| Profit (loss) for the period | 9904 | €127,605 | €228,390 | +€100,785 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €127,605 | €228,390 | +€100,785 | +79.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.