CORETRA: 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.
CORETRA
Largest movements
- Cash -€29,661
down €29,661 (-27.5%), from €107,835 to €78,174
mainly Net result for the year (-€38,640) and Investment in fixed assets (net) (-€11,481)
- Profit (loss) carried forward -€38,640
down €38,640 (-53.5%), from -€72,248 to -€110,888
- Gross operating margin -€32,711
down €32,711, from €16,960 to -€15,751
- Turnover -€18,715
down €18,715 (-36.8%), from €50,886 to €32,171
- Purchases and services +€13,997
up €13,997 (+41.3%), from €33,926 to €47,922
- Taxes -€2,027
no longer reported in 2024 (was €2,027)
- Depreciation -€2,021
down €2,021 (-11.9%), from €16,958 to €14,937
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €408,442 | €374,943 | -€33,499 | -8.2% |
| Fixed assets | 21/28 | €228,220 | €224,764 | -€3,456 | -1.5% |
| Tangible fixed assets | 22/27 | €228,022 | €224,567 | -€3,456 | -1.5% |
| Land and buildings | 22 | €228,022 | €224,567 | -€3,456 | -1.5% |
| Financial fixed assets | 28 | €197 | €197 | = | 0.0% |
| Current assets | 29/58 | €180,222 | €150,179 | -€30,043 | -16.7% |
| Amounts receivable within one year | 40/41 | €70,003 | €69,503 | -€500 | -0.7% |
| Trade receivables | 40 | €13,603 | €13,103 | -€500 | -3.7% |
| Other amounts receivable | 41 | €56,400 | €56,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €107,835 | €78,174 | -€29,661 | -27.5% |
| Deferred charges and accrued income | 490/1 | €2,384 | €2,502 | +€118 | +4.9% |
| Total equity and liabilities | 10/49 | €408,442 | €374,943 | -€33,499 | -8.2% |
| Equity | 10/15 | €400,323 | €361,683 | -€38,640 | -9.7% |
| Contributions | 10/11 | €425,000 | €425,000 | = | 0.0% |
| Capital | 10 | €425,000 | €425,000 | = | 0.0% |
| Issued capital | 100 | €425,000 | €425,000 | = | 0.0% |
| Reserves | 13 | €47,571 | €47,571 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,071 | €3,071 | = | 0.0% |
| Legal reserve | 130 | €3,071 | €3,071 | = | 0.0% |
| Distributable reserves | 133 | €44,500 | €44,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,248 | -€110,888 | -€38,640 | -53.5% |
| Amounts payable | 17/49 | €8,119 | €13,260 | +€5,141 | +63.3% |
| Amounts payable within one year | 42/48 | €8,119 | €13,200 | +€5,081 | +62.6% |
| Trade debts | 44 | - | €2,081 | +€2,081 | |
| Suppliers | 440/4 | - | €2,081 | +€2,081 | |
| Taxes, remuneration and social security | 45 | €7,738 | €10,738 | +€3,000 | +38.8% |
| Remuneration and social security | 454/9 | €7,738 | €10,738 | +€3,000 | +38.8% |
| Other amounts payable | 47/48 | €380 | €380 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Turnover | 70 | €50,886 | €32,171 | -€18,715 | -36.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,926 | €47,922 | +€13,997 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,958 | €14,937 | -€2,021 | -11.9% |
| Other operating charges | 640/8 | €7,836 | €7,620 | -€215 | -2.7% |
| Gross operating margin | 9900 | €16,960 | -€15,751 | -€32,711 | |
| Operating profit (loss) | 9901 | -€7,834 | -€38,308 | -€30,475 | -389.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €329 | €332 | +€3 | +0.9% |
| Recurring financial charges | 65 | €329 | €332 | +€3 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,163 | -€38,640 | -€30,477 | -373.4% |
| Income taxes | 67/77 | €2,027 | - | -€2,027 | |
| Profit (loss) for the period | 9904 | -€10,190 | -€38,640 | -€28,450 | -279.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,190 | -€38,640 | -€28,450 | -279.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.