CoreTechSystems: 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.
CoreTechSystems
Largest movements
- Cash +€55,588
up €55,588 (+243.8%), from €22,796 to €78,384
mainly Net result for the year (+€45,952) and Receivables within one year (+€8,188)
- Receivables within one year -€8,188
down €8,188 (-24.1%), from €33,954 to €25,766
of which Trade receivables: -€6,392
- Profit (loss) carried forward +€45,952
up €45,952 (+117.7%), from €39,053 to €85,005
- Tax, wage and social debts +€1,533
up €1,533 (+5.6%), from €27,399 to €28,932
of which Taxes: +€13,534
- Staff costs -€62,569
down €62,569 (-81.0%), from €77,276 to €14,707
- Purchases and services +€34,155
up €34,155 (+342.1%), from €9,983 to €44,138
- Gross operating margin -€23,045
down €23,045 (-23.5%), from €98,117 to €75,072
- Taxes +€7,771
up €7,771 (+191.5%), from €4,059 to €11,830
- Depreciation +€1,901
up €1,901 (+246.6%), from €771 to €2,672
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 | €66,745 | €114,564 | +€47,819 | +71.6% |
| Fixed assets | 21/28 | €8,649 | €9,309 | +€660 | +7.6% |
| Tangible fixed assets | 22/27 | €8,649 | €9,309 | +€660 | +7.6% |
| Furniture and vehicles | 24 | €8,649 | €9,309 | +€660 | +7.6% |
| Current assets | 29/58 | €58,096 | €105,255 | +€47,159 | +81.2% |
| Amounts receivable within one year | 40/41 | €33,954 | €25,766 | -€8,188 | -24.1% |
| Trade receivables | 40 | €19,026 | €12,634 | -€6,392 | -33.6% |
| Other amounts receivable | 41 | €14,928 | €13,132 | -€1,796 | -12.0% |
| Cash at bank and in hand | 54/58 | €22,796 | €78,384 | +€55,588 | +243.8% |
| Deferred charges and accrued income | 490/1 | €1,346 | €1,105 | -€241 | -17.9% |
| Total equity and liabilities | 10/49 | €66,745 | €114,564 | +€47,819 | +71.6% |
| Equity | 10/15 | €39,054 | €85,006 | +€45,952 | +117.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,053 | €85,005 | +€45,952 | +117.7% |
| Amounts payable | 17/49 | €27,691 | €29,558 | +€1,867 | +6.7% |
| Amounts payable within one year | 42/48 | €27,691 | €29,558 | +€1,867 | +6.7% |
| Trade debts | 44 | €292 | €626 | +€334 | +114.4% |
| Suppliers | 440/4 | €292 | €626 | +€334 | +114.4% |
| Taxes, remuneration and social security | 45 | €27,399 | €28,932 | +€1,533 | +5.6% |
| Taxes | 450/3 | €11,998 | €25,532 | +€13,534 | +112.8% |
| Remuneration and social security | 454/9 | €15,401 | €3,400 | -€12,001 | -77.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,983 | €44,138 | +€34,155 | +342.1% |
| Remuneration, social security and pensions | 62 | €77,276 | €14,707 | -€62,569 | -81.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €771 | €2,672 | +€1,901 | +246.6% |
| Other operating charges | 640/8 | €190 | €593 | +€403 | +212.1% |
| Non-recurring operating charges | 66A | €1,626 | - | -€1,626 | |
| Gross operating margin | 9900 | €98,117 | €75,072 | -€23,045 | -23.5% |
| Operating profit (loss) | 9901 | €18,254 | €57,100 | +€38,846 | +212.8% |
| Financial income | 75/76B | €1,010 | €760 | -€250 | -24.8% |
| Recurring financial income | 75 | €1,010 | €760 | -€250 | -24.8% |
| Financial charges | 65/66B | €78 | €78 | = | 0.0% |
| Recurring financial charges | 65 | €78 | €78 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €19,186 | €57,782 | +€38,596 | +201.2% |
| Income taxes | 67/77 | €4,059 | €11,830 | +€7,771 | +191.5% |
| Profit (loss) for the period | 9904 | €15,127 | €45,952 | +€30,825 | +203.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,127 | €45,952 | +€30,825 | +203.8% |
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 8 October 2026 via checked.be.