Coretec Energy Management: 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.
Coretec Energy Management
Largest movements
- Cash +€130,560
up €130,560 (+544%), from €24,008 to €154,568
mainly Net result for the year (+€70,932) and Tax, wage and social debts (+€30,099)
- Tangible fixed assets -€6,683
down €6,683 (-95.8%), from €6,973 to €291
- Profit (loss) carried forward +€70,932
up €70,932, from -€18,007 to €52,925
- Tax, wage and social debts +€30,099
up €30,099 (+387%), from €7,786 to €37,886
- Trade debts +€27,415
up €27,415 (+32.0%), from €85,675 to €113,090
- Other debts -€3,211
down €3,211 (-100%), from €3,211 to €0
- Turnover +€58,114
up €58,114 (+45.9%), from €126,689 to €184,803
- Gross operating margin +€53,747
up €53,747 (+102%), from €52,714 to €106,461
- Purchases and services +€43,883
up €43,883 (+45.1%), from €97,369 to €141,252
- Other operating charges -€23,223
down €23,223 (-98.3%), from €23,623 to €400
- Taxes +€22,870
up €22,870 (+1,215%), from €1,883 to €24,752
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 | €108,409 | €233,862 | +€125,452 | +116% |
| Fixed assets | 21/28 | €6,973 | €291 | -€6,683 | -95.8% |
| Tangible fixed assets | 22/27 | €6,973 | €291 | -€6,683 | -95.8% |
| Furniture and vehicles | 24 | €6,973 | €291 | -€6,683 | -95.8% |
| Current assets | 29/58 | €101,436 | €233,571 | +€132,135 | +130% |
| Amounts receivable within one year | 40/41 | €77,428 | €79,003 | +€1,575 | +2.0% |
| Trade receivables | 40 | €77,158 | €78,732 | +€1,575 | +2.0% |
| Other amounts receivable | 41 | €271 | €271 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,008 | €154,568 | +€130,560 | +544% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €108,409 | €233,862 | +€125,452 | +116% |
| Equity | 10/15 | €11,736 | €82,668 | +€70,932 | +604% |
| Reserves | 13 | €29,743 | €29,743 | = | 0.0% |
| Distributable reserves | 133 | €29,743 | €29,743 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,007 | €52,925 | +€70,932 | |
| Amounts payable | 17/49 | €96,673 | €151,194 | +€54,520 | +56.4% |
| Amounts payable within one year | 42/48 | €96,673 | €150,976 | +€54,303 | +56.2% |
| Trade debts | 44 | €85,675 | €113,090 | +€27,415 | +32.0% |
| Suppliers | 440/4 | €85,675 | €113,090 | +€27,415 | +32.0% |
| Taxes, remuneration and social security | 45 | €7,786 | €37,886 | +€30,099 | +387% |
| Taxes | 450/3 | €7,786 | €37,886 | +€30,099 | +387% |
| Other amounts payable | 47/48 | €3,211 | €0 | -€3,211 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €218 | +€218 | |
| Turnover | 70 | €126,689 | €184,803 | +€58,114 | +45.9% |
| Non-recurring operating income | 76A | €1 | €50,000 | +€49,999 | +8,333,233% |
| Goods, raw materials, services and sundry goods | 60/61 | €97,369 | €141,252 | +€43,883 | +45.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,146 | €96 | -€1,050 | -91.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€972 | -€2,611 | -€1,639 | -169% |
| Other operating charges | 640/8 | €23,623 | €400 | -€23,223 | -98.3% |
| Non-recurring operating charges | 66A | €0 | €12,375 | +€12,375 | |
| Gross operating margin | 9900 | €52,714 | €106,461 | +€53,747 | +102% |
| Operating profit (loss) | 9901 | €28,917 | €96,201 | +€67,283 | +233% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €699 | €530 | -€169 | -24.1% |
| Recurring financial charges | 65 | €699 | €530 | -€169 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €28,219 | €95,684 | +€67,465 | +239% |
| Income taxes | 67/77 | €1,883 | €24,752 | +€22,870 | +1,215% |
| Profit (loss) for the period | 9904 | €26,336 | €70,932 | +€44,596 | +169% |
| Profit (loss) for the period to be appropriated | 9905 | €26,336 | €70,932 | +€44,596 | +169% |
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 30 October 2026 via checked.be.