CORETEC ENERGY: what changed
What changed
CORETEC ENERGY
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€141,176
2024 · -€564,391+€423,215
Equity
€5.5m
2024 · €5.7m-€141,176
Cash
€247,894
2024 · €79,986+€167,908
Balance sheet total
€11.1m
2024 · €13.5m-€2.4m
Largest movements
Assets
- Tangible fixed assets -€1.3m
down €1.3m (-100.0%), from €1.3m to €609
of which Land and buildings: -€1.3m
- Financial fixed assets -€1.2m
down €1.2m (-10.3%), from €11.8m to €10.6m
- Cash +€167,908
up €167,908 (+210%), from €79,986 to €247,894
mainly Investment in fixed assets (net) (+€2.4m) and Depreciation (+€105,010)
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-61.6%), from €2.1m to €822,316
- Debts after one year -€899,631
down €899,631 (-17.2%), from €5.2m to €4.3m
of which Financial debts: -€1.1m
- Profit (loss) carried forward -€141,176
down €141,176 (-3.6%), from -€3.9m to -€4.0m
Income statement
- Other operating income +€966,962
up €966,962 (+8,593%), from €11,253 to €978,215
- Financial charges +€875,060
up €875,060 (+362%), from €241,547 to €1.1m
of which Non-recurring financial charges: +€850,000
- Services and other goods -€168,247
down €168,247 (-26.6%), from €631,929 to €463,682
- Turnover +€154,963
up €154,963 (+27.4%), from €565,037 to €720,000
- Depreciation -€49,998
down €49,998 (-32.3%), from €155,008 to €105,010
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€564,391
Turnover
+€154,963
Other operating income
+€966,962
Services and other goods
+€168,247
Staff costs
-€18,708
Depreciation
+€49,998
Write-downs
+€17,224
Other operating charges
+€7,034
Other operating items
+€1,100
Financial income
-€48,423
Financial charges
-€875,060
Taxes
-€122
Result 2025
-€141,176
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€1.2m
Investment
+€2.4m
Financing
-€1.0m
Cash 2024
€79,986
From operations (derived)
-€1.2m
Net result for the year
-€141,176
Depreciation
+€105,010
Receivables within one year
+€17,096
Smaller working-capital items
+€8,276
Trade debts
+€84,462
Tax, wage and social debts
+€26,173
Other debts
-€1.3m
Investment (derived)
+€2.4m
Investment in fixed assets (net)
+€2.4m
Financing
-€1.0m
Debts after one year
-€899,631
Current portion of long-term debt
-€104,563
Cash 2025
€247,894
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,470,316 | €11,116,394 | -€2.4m | -17.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €13,117,910 | €10,618,803 | -€2.5m | -19.1% |
| Intangible fixed assets | 21 | €23,655 | €7,101 | -€16,554 | -70.0% |
| Tangible fixed assets | 22/27 | €1,266,129 | €609 | -€1.3m | -100.0% |
| Land and buildings | 22 | €1,260,003 | €0 | -€1.3m | -100% |
| Plant, machinery and equipment | 23 | €677 | €0 | -€677 | -100% |
| Furniture and vehicles | 24 | €5,448 | €609 | -€4,840 | -88.8% |
| Financial fixed assets | 28 | €11,828,126 | €10,611,093 | -€1.2m | -10.3% |
| Affiliated companies | 280/1 | €11,828,126 | €10,611,093 | -€1.2m | -10.3% |
| Participating interests | 280 | €9,764,459 | €8,914,459 | -€850,000 | -8.7% |
| Amounts receivable | 281 | €2,063,666 | €1,696,633 | -€367,033 | -17.8% |
| Current assets | 29/58 | €352,406 | €497,591 | +€145,185 | +41.2% |
| Amounts receivable within one year | 40/41 | €236,275 | €219,179 | -€17,096 | -7.2% |
| Trade receivables | 40 | €103,586 | €218,305 | +€114,719 | +111% |
| Other amounts receivable | 41 | €132,689 | €874 | -€131,815 | -99.3% |
| Cash at bank and in hand | 54/58 | €79,986 | €247,894 | +€167,908 | +210% |
| Deferred charges and accrued income | 490/1 | €36,145 | €30,518 | -€5,627 | -15.6% |
| Total equity and liabilities | 10/49 | €13,470,316 | €11,116,394 | -€2.4m | -17.5% |
| Equity | 10/15 | €5,664,973 | €5,523,797 | -€141,176 | -2.5% |
| Contributions | 10/11 | €9,247,000 | €9,247,000 | = | 0.0% |
| Capital | 10 | €8,155,200 | €8,155,200 | = | 0.0% |
| Issued capital | 100 | €8,155,200 | €8,155,200 | = | 0.0% |
| Contributions outside capital | 11 | €1,091,800 | €1,091,800 | = | 0.0% |
| Share premium | 1100/10 | €1,091,800 | €1,091,800 | = | 0.0% |
| Reserves | 13 | €303,722 | €303,722 | = | 0.0% |
| Non-distributable reserves | 130/1 | €303,722 | €303,722 | = | 0.0% |
| Legal reserve | 130 | €303,722 | €303,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,885,749 | -€4,026,925 | -€141,176 | -3.6% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €7,805,343 | €5,592,597 | -€2.2m | -28.3% |
| Amounts payable after more than one year | 17 | €5,238,875 | €4,339,244 | -€899,631 | -17.2% |
| Financial debts | 170/4 | €1,973,480 | €908,189 | -€1.1m | -54.0% |
| Subordinated loans | 170 | €763,666 | €775,766 | +€12,100 | +1.6% |
| Credit institutions | 173 | €1,209,814 | €132,423 | -€1.1m | -89.1% |
| Other amounts payable | 178/9 | €3,265,394 | €3,431,054 | +€165,660 | +5.1% |
| Amounts payable within one year | 42/48 | €2,566,468 | €1,250,704 | -€1.3m | -51.3% |
| Current portion of amounts payable after more than one year | 42 | €273,276 | €168,714 | -€104,563 | -38.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €125,338 | €209,800 | +€84,462 | +67.4% |
| Suppliers | 440/4 | €125,338 | €209,800 | +€84,462 | +67.4% |
| Taxes, remuneration and social security | 45 | €23,702 | €49,875 | +€26,173 | +110% |
| Taxes | 450/3 | €6,238 | €27,698 | +€21,460 | +344% |
| Remuneration and social security | 454/9 | €17,464 | €22,177 | +€4,713 | +27.0% |
| Other amounts payable | 47/48 | €2,144,152 | €822,316 | -€1.3m | -61.6% |
| Accrued charges and deferred income | 492/3 | €0 | €2,649 | +€2,649 | |
| Operating income | 70/76A | €578,731 | €1,698,215 | +€1.1m | +193% |
| Turnover | 70 | €565,037 | €720,000 | +€154,963 | +27.4% |
| Other operating income | 74 | €11,253 | €978,215 | +€966,962 | +8,593% |
| Non-recurring operating income | 76A | €2,441 | €0 | -€2,441 | -100% |
| Operating charges | 60/66A | €1,030,989 | €803,653 | -€227,336 | -22.1% |
| Services and other goods | 61 | €631,929 | €463,682 | -€168,247 | -26.6% |
| Remuneration, social security and pensions | 62 | €192,583 | €211,291 | +€18,708 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,008 | €105,010 | -€49,998 | -32.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,224 | - | -€17,224 | |
| Other operating charges | 640/8 | €23,251 | €16,216 | -€7,034 | -30.3% |
| Non-recurring operating charges | 66A | €10,993 | €7,453 | -€3,541 | -32.2% |
| Operating profit (loss) | 9901 | -€452,258 | €894,562 | +€1.3m | |
| Financial income | 75/76B | €129,694 | €81,271 | -€48,423 | -37.3% |
| Recurring financial income | 75 | €129,694 | €80,271 | -€49,423 | -38.1% |
| Income from financial fixed assets | 750 | €129,575 | €60,536 | -€69,040 | -53.3% |
| Other financial income | 752/9 | €119 | €19,735 | +€19,617 | +16,542% |
| Non-recurring financial income | 76B | - | €1,000 | +€1,000 | |
| Financial charges | 65/66B | €241,547 | €1,116,607 | +€875,060 | +362% |
| Recurring financial charges | 65 | €241,547 | €266,607 | +€25,060 | +10.4% |
| Debt charges | 650 | €238,536 | €261,761 | +€23,225 | +9.7% |
| Other financial charges | 652/9 | €3,011 | €4,846 | +€1,835 | +61.0% |
| Non-recurring financial charges | 66B | - | €850,000 | +€850,000 | |
| Profit (loss) for the period before taxes | 9903 | -€564,111 | -€140,774 | +€423,337 | +75.0% |
| Income taxes | 67/77 | €280 | €402 | +€122 | +43.6% |
| Taxes | 670/3 | €280 | €431 | +€151 | +53.9% |
| Tax adjustments and reversals of tax provisions | 77 | - | €29 | +€29 | |
| Profit (loss) for the period | 9904 | -€564,391 | -€141,176 | +€423,215 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€564,391 | -€141,176 | +€423,215 | +75.0% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.