Coretecs: 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.
Coretecs
Largest movements
- Receivables within one year +€150,221
up €150,221 (+61.3%), from €245,236 to €395,457
of which Trade receivables: +€150,099
- Tangible fixed assets -€17,379
down €17,379 (-39.2%), from €44,289 to €26,909
of which Plant, machinery and equipment: -€17,138
- Stocks and contracts -€7,840
no longer reported in 2025 (was €7,840)
- Cash +€7,614
up €7,614 (+73.1%), from €10,414 to €18,028
mainly Other debts (+€147,085) and Tax, wage and social debts (+€93,990)
- Profit (loss) carried forward -€201,443
down €201,443 (-44.1%), from -€456,325 to -€657,768
- Other debts +€147,085
up €147,085 (+30.4%), from €484,230 to €631,315
- Tax, wage and social debts +€93,990
up €93,990 (+92.1%), from €102,006 to €195,996
of which Taxes: +€51,951
- Trade debts +€37,869
up €37,869 (+31.8%), from €119,081 to €156,949
- Advances received +€30,625
up €30,625 (+229.4%), from €13,348 to €43,973
- Turnover +€346,946
up €346,946 (+25.1%), from €1.4m to €1.7m
- Gross operating margin +€343,372
up €343,372 (+77.0%), from €445,920 to €789,292
- Purchases and services +€189,893
up €189,893 (+21.9%), from €866,300 to €1.1m
- Staff costs +€186,408
up €186,408 (+25.5%), from €729,831 to €916,239
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 | €333,235 | €469,535 | +€136,300 | +40.9% |
| Fixed assets | 21/28 | €44,289 | €26,909 | -€17,379 | -39.2% |
| Tangible fixed assets | 22/27 | €44,289 | €26,909 | -€17,379 | -39.2% |
| Plant, machinery and equipment | 23 | €44,010 | €26,872 | -€17,138 | -38.9% |
| Other tangible fixed assets | 26 | €278 | €37 | -€241 | -86.7% |
| Current assets | 29/58 | €288,947 | €442,625 | +€153,679 | +53.2% |
| Stocks and contracts in progress | 3 | €7,840 | - | -€7,840 | |
| Contracts in progress | 37 | €7,840 | - | -€7,840 | |
| Amounts receivable within one year | 40/41 | €245,236 | €395,457 | +€150,221 | +61.3% |
| Trade receivables | 40 | €245,236 | €395,335 | +€150,099 | +61.2% |
| Other amounts receivable | 41 | - | €123 | +€123 | |
| Cash at bank and in hand | 54/58 | €10,414 | €18,028 | +€7,614 | +73.1% |
| Deferred charges and accrued income | 490/1 | €25,456 | €29,140 | +€3,684 | +14.5% |
| Total equity and liabilities | 10/49 | €333,235 | €469,535 | +€136,300 | +40.9% |
| Equity | 10/15 | -€394,325 | -€595,768 | -€201,443 | -51.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€456,325 | -€657,768 | -€201,443 | -44.1% |
| Provisions and deferred taxes | 16 | - | €87 | +€87 | |
| Provisions for liabilities and charges | 160/5 | - | €87 | +€87 | |
| Pensions and similar obligations | 160 | - | €87 | +€87 | |
| Amounts payable | 17/49 | €727,560 | €1,065,216 | +€337,656 | +46.4% |
| Amounts payable within one year | 42/48 | €718,665 | €1,028,234 | +€309,569 | +43.1% |
| Trade debts | 44 | €119,081 | €156,949 | +€37,869 | +31.8% |
| Suppliers | 440/4 | €119,081 | €156,949 | +€37,869 | +31.8% |
| Advances received on contracts in progress | 46 | €13,348 | €43,973 | +€30,625 | +229.4% |
| Taxes, remuneration and social security | 45 | €102,006 | €195,996 | +€93,990 | +92.1% |
| Taxes | 450/3 | €22,119 | €74,070 | +€51,951 | +234.9% |
| Remuneration and social security | 454/9 | €79,887 | €121,926 | +€42,039 | +52.6% |
| Other amounts payable | 47/48 | €484,230 | €631,315 | +€147,085 | +30.4% |
| Accrued charges and deferred income | 492/3 | €8,895 | €36,982 | +€28,087 | +315.8% |
| Turnover | 70 | €1,380,885 | €1,727,831 | +€346,946 | +25.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €866,300 | €1,056,193 | +€189,893 | +21.9% |
| Remuneration, social security and pensions | 62 | €729,831 | €916,239 | +€186,408 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,317 | €22,879 | +€4,562 | +24.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,169 | - | +€1,169 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €87 | +€87 | |
| Other operating charges | 640/8 | €3,916 | €4,098 | +€182 | +4.6% |
| Gross operating margin | 9900 | €445,920 | €789,292 | +€343,372 | +77.0% |
| Operating profit (loss) | 9901 | -€304,975 | -€154,012 | +€150,964 | +49.5% |
| Financial income | 75/76B | €128 | €3,733 | +€3,605 | +2818.9% |
| Recurring financial income | 75 | €128 | €3,059 | +€2,931 | +2292.0% |
| Non-recurring financial income | 76B | - | €674 | +€674 | |
| Financial charges | 65/66B | €33,321 | €48,681 | +€15,360 | +46.1% |
| Recurring financial charges | 65 | €33,321 | €48,681 | +€15,360 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€338,168 | -€198,960 | +€139,208 | +41.2% |
| Income taxes | 67/77 | €2,568 | €2,483 | -€85 | -3.3% |
| Profit (loss) for the period | 9904 | -€340,736 | -€201,443 | +€139,293 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€340,736 | -€201,443 | +€139,293 | +40.9% |
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.