Coresult: 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.
Coresult
Largest movements
- Cash +€75,835
up €75,835 (+122.0%), from €62,177 to €138,012
mainly Net result for the year (+€71,222) and Depreciation (+€14,585)
- Tangible fixed assets -€13,355
down €13,355 (-18.3%), from €72,993 to €59,639
of which Furniture and vehicles: -€13,138
- Profit (loss) carried forward +€71,222
up €71,222 (+105.7%), from €67,367 to €138,589
- Trade debts -€11,115
down €11,115 (-100.0%), from €11,115 to €0
- Tax, wage and social debts +€2,332
up €2,332 (+8.9%), from €26,075 to €28,407
- Gross operating margin +€9,133
up €9,133 (+9.4%), from €97,005 to €106,138
- Depreciation +€5,952
up €5,952 (+68.9%), from €8,633 to €14,585
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 | €151,764 | €214,877 | +€63,113 | +41.6% |
| Fixed assets | 21/28 | €72,993 | €59,639 | -€13,355 | -18.3% |
| Tangible fixed assets | 22/27 | €72,993 | €59,639 | -€13,355 | -18.3% |
| Plant, machinery and equipment | 23 | €2,000 | €1,783 | -€217 | -10.9% |
| Furniture and vehicles | 24 | €61,993 | €48,856 | -€13,138 | -21.2% |
| Assets under construction and advance payments | 27 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €78,771 | €155,239 | +€76,468 | +97.1% |
| Amounts receivable within one year | 40/41 | €14,673 | €15,430 | +€757 | +5.2% |
| Trade receivables | 40 | €14,673 | €15,430 | +€757 | +5.2% |
| Cash at bank and in hand | 54/58 | €62,177 | €138,012 | +€75,835 | +122.0% |
| Deferred charges and accrued income | 490/1 | €1,921 | €1,796 | -€125 | -6.5% |
| Total equity and liabilities | 10/49 | €151,764 | €214,877 | +€63,113 | +41.6% |
| Equity | 10/15 | €94,552 | €165,774 | +€71,222 | +75.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €23,685 | €23,685 | = | 0.0% |
| Distributable reserves | 133 | €23,685 | €23,685 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,367 | €138,589 | +€71,222 | +105.7% |
| Amounts payable | 17/49 | €57,212 | €49,103 | -€8,109 | -14.2% |
| Amounts payable within one year | 42/48 | €56,165 | €47,776 | -€8,389 | -14.9% |
| Trade debts | 44 | €11,115 | €0 | -€11,115 | -100.0% |
| Suppliers | 440/4 | €11,115 | €0 | -€11,115 | -100.0% |
| Taxes, remuneration and social security | 45 | €26,075 | €28,407 | +€2,332 | +8.9% |
| Taxes | 450/3 | €26,075 | €28,407 | +€2,332 | +8.9% |
| Other amounts payable | 47/48 | €18,975 | €19,369 | +€394 | +2.1% |
| Accrued charges and deferred income | 492/3 | €1,047 | €1,328 | +€280 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,633 | €14,585 | +€5,952 | +68.9% |
| Other operating charges | 640/8 | €76 | €69 | -€7 | -9.1% |
| Gross operating margin | 9900 | €97,005 | €106,138 | +€9,133 | +9.4% |
| Operating profit (loss) | 9901 | €88,296 | €91,484 | +€3,188 | +3.6% |
| Financial income | 75/76B | - | €237 | +€237 | |
| Recurring financial income | 75 | - | €237 | +€237 | |
| Financial charges | 65/66B | €1,201 | €1,478 | +€277 | +23.1% |
| Recurring financial charges | 65 | €1,201 | €1,478 | +€277 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €87,096 | €90,243 | +€3,148 | +3.6% |
| Income taxes | 67/77 | €18,895 | €19,021 | +€126 | +0.7% |
| Profit (loss) for the period | 9904 | €68,200 | €71,222 | +€3,021 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €68,200 | €71,222 | +€3,021 | +4.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.