CoreTwo: 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.
CoreTwo
Largest movements
- Financial fixed assets +€25,000
up €25,000 (+6.7%), from €374,996 to €399,996
- Reserves +€37,169
up €37,169 (+38.7%), from €95,923 to €133,092
- Tax, wage and social debts -€16,150
down €16,150 (-86.7%), from €18,638 to €2,488
- Gross operating margin -€64,363
down €64,363 (-82.0%), from €78,448 to €14,085
- Taxes -€15,822
down €15,822 (-84.9%), from €18,638 to €2,816
- Financial income -€14,551
down €14,551 (-32.8%), from €44,366 to €29,815
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 | €544,000 | €566,466 | +€22,466 | +4.1% |
| Fixed assets | 21/28 | €374,996 | €399,996 | +€25,000 | +6.7% |
| Financial fixed assets | 28 | €374,996 | €399,996 | +€25,000 | +6.7% |
| Current assets | 29/58 | €169,004 | €166,470 | -€2,534 | -1.5% |
| Amounts receivable within one year | 40/41 | €29,304 | €29,311 | +€7 | 0.0% |
| Trade receivables | 40 | €26,620 | €26,620 | = | 0.0% |
| Other amounts receivable | 41 | €2,684 | €2,691 | +€7 | +0.3% |
| Cash at bank and in hand | 54/58 | €139,700 | €137,159 | -€2,541 | -1.8% |
| Total equity and liabilities | 10/49 | €544,000 | €566,466 | +€22,466 | +4.1% |
| Equity | 10/15 | €113,923 | €151,092 | +€37,169 | +32.6% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €95,923 | €133,092 | +€37,169 | +38.7% |
| Distributable reserves | 133 | €95,923 | €133,092 | +€37,169 | +38.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €430,077 | €415,374 | -€14,702 | -3.4% |
| Amounts payable after more than one year | 17 | €374,996 | €374,996 | = | 0.0% |
| Financial debts | 170/4 | €374,996 | €374,996 | = | 0.0% |
| Amounts payable within one year | 42/48 | €55,081 | €40,378 | -€14,702 | -26.7% |
| Trade debts | 44 | €31,460 | €31,460 | = | 0.0% |
| Suppliers | 440/4 | €31,460 | €31,460 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,638 | €2,488 | -€16,150 | -86.7% |
| Taxes | 450/3 | €18,638 | €2,488 | -€16,150 | -86.7% |
| Other amounts payable | 47/48 | €4,983 | €6,430 | +€1,448 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | €78,448 | €14,085 | -€64,363 | -82.0% |
| Operating profit (loss) | 9901 | €78,333 | €13,959 | -€64,374 | -82.2% |
| Financial income | 75/76B | €44,366 | €29,815 | -€14,551 | -32.8% |
| Recurring financial income | 75 | €44,366 | €29,815 | -€14,551 | -32.8% |
| Financial charges | 65/66B | €3,782 | €3,789 | +€7 | +0.2% |
| Recurring financial charges | 65 | €3,782 | €3,789 | +€7 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €118,917 | €39,985 | -€78,932 | -66.4% |
| Income taxes | 67/77 | €18,638 | €2,816 | -€15,822 | -84.9% |
| Profit (loss) for the period | 9904 | €100,279 | €37,169 | -€63,111 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,279 | €37,169 | -€63,111 | -62.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.