CORESTO: 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.
CORESTO
Largest movements
- Tangible fixed assets -€30,344
down €30,344 (-14.7%), from €206,676 to €176,332
of which Plant, machinery and equipment: -€25,238
- Receivables within one year +€30,134
up €30,134 (+328.5%), from €9,173 to €39,306
of which Other amounts receivable: +€30,872
- Cash -€22,199
down €22,199 (-58.0%), from €38,285 to €16,086
mainly Receivables within one year (-€30,134) and Investment in fixed assets (net) (-€14,310)
- Deferred charges and accrued income -€5,194
down €5,194 (-43.0%), from €12,078 to €6,884
- Trade debts +€16,623
up €16,623 (+52.5%), from €31,663 to €48,286
- Profit (loss) carried forward -€11,722
down €11,722 (-58.2%), from €20,150 to €8,429
- Debts after one year -€9,345
down €9,345 (-12.7%), from €73,564 to €64,219
- Tax, wage and social debts -€7,824
down €7,824 (-10.5%), from €74,241 to €66,416
of which Remuneration and social security: -€6,674
- Current portion of long-term debt -€7,525
down €7,525 (-44.6%), from €16,870 to €9,345
- Staff costs +€86,771
up €86,771 (+28.7%), from €302,692 to €389,463
- Gross operating margin +€70,236
up €70,236 (+19.2%), from €364,956 to €435,192
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 | €285,935 | €258,096 | -€27,840 | -9.7% |
| Fixed assets | 21/28 | €211,376 | €179,032 | -€32,344 | -15.3% |
| Intangible fixed assets | 21 | €4,175 | €2,175 | -€2,000 | -47.9% |
| Tangible fixed assets | 22/27 | €206,676 | €176,332 | -€30,344 | -14.7% |
| Plant, machinery and equipment | 23 | €175,425 | €150,188 | -€25,238 | -14.4% |
| Furniture and vehicles | 24 | €31,250 | €26,144 | -€5,106 | -16.3% |
| Financial fixed assets | 28 | €525 | €525 | = | 0.0% |
| Current assets | 29/58 | €74,559 | €79,064 | +€4,505 | +6.0% |
| Stocks and contracts in progress | 3 | €15,023 | €16,787 | +€1,764 | +11.7% |
| Stocks | 30/36 | €15,023 | €16,787 | +€1,764 | +11.7% |
| Amounts receivable within one year | 40/41 | €9,173 | €39,306 | +€30,134 | +328.5% |
| Trade receivables | 40 | €9,165 | €8,427 | -€739 | -8.1% |
| Other amounts receivable | 41 | €7 | €30,880 | +€30,872 | +415505.9% |
| Cash at bank and in hand | 54/58 | €38,285 | €16,086 | -€22,199 | -58.0% |
| Deferred charges and accrued income | 490/1 | €12,078 | €6,884 | -€5,194 | -43.0% |
| Total equity and liabilities | 10/49 | €285,935 | €258,096 | -€27,840 | -9.7% |
| Equity | 10/15 | €80,150 | €68,429 | -€11,722 | -14.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,150 | €8,429 | -€11,722 | -58.2% |
| Amounts payable | 17/49 | €205,785 | €189,667 | -€16,118 | -7.8% |
| Amounts payable after more than one year | 17 | €73,564 | €64,219 | -€9,345 | -12.7% |
| Financial debts | 170/4 | €73,564 | €64,219 | -€9,345 | -12.7% |
| Amounts payable within one year | 42/48 | €130,869 | €125,144 | -€5,725 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €16,870 | €9,345 | -€7,525 | -44.6% |
| Financial debts | 43 | €729 | €761 | +€32 | +4.3% |
| Credit institutions | 430/8 | €729 | €761 | +€32 | +4.3% |
| Trade debts | 44 | €31,663 | €48,286 | +€16,623 | +52.5% |
| Suppliers | 440/4 | €31,663 | €48,286 | +€16,623 | +52.5% |
| Advances received on contracts in progress | 46 | €410 | €335 | -€75 | -18.3% |
| Taxes, remuneration and social security | 45 | €74,241 | €66,416 | -€7,824 | -10.5% |
| Taxes | 450/3 | €28,504 | €27,354 | -€1,150 | -4.0% |
| Remuneration and social security | 454/9 | €45,737 | €39,063 | -€6,674 | -14.6% |
| Other amounts payable | 47/48 | €6,956 | - | -€6,956 | |
| Accrued charges and deferred income | 492/3 | €1,352 | €305 | -€1,047 | -77.5% |
| Remuneration, social security and pensions | 62 | €302,692 | €389,463 | +€86,771 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,981 | €46,654 | +€1,673 | +3.7% |
| Other operating charges | 640/8 | €2,105 | €2,141 | +€36 | +1.7% |
| Non-recurring operating charges | 66A | €250 | - | -€250 | |
| Gross operating margin | 9900 | €364,956 | €435,192 | +€70,236 | +19.2% |
| Operating profit (loss) | 9901 | €14,928 | -€3,066 | -€17,994 | |
| Financial income | 75/76B | €138 | €684 | +€547 | +397.6% |
| Recurring financial income | 75 | €138 | €684 | +€547 | +397.6% |
| Financial charges | 65/66B | €7,900 | €9,058 | +€1,158 | +14.7% |
| Recurring financial charges | 65 | €7,900 | €9,058 | +€1,158 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €7,165 | -€11,440 | -€18,605 | |
| Income taxes | 67/77 | €1,513 | €282 | -€1,231 | -81.4% |
| Profit (loss) for the period | 9904 | €5,652 | -€11,722 | -€17,374 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,652 | -€11,722 | -€17,374 |
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 11 October 2026 via checked.be.