COREX HOLDING: 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.
What changed
COREX HOLDING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€37.4m
2024 · €39.0m-€1.6m
Equity
€279.4m
2024 · €276.5m+€2.9m
Cash
-
2024 · €139-€139
Balance sheet total
€284.1m
2024 · €279.3m+€4.8m
Largest movements
Assets
- Receivables within one year +€4.8m
up €4.8m (+191%), from €2.5m to €7.3m
of which Other amounts receivable: +€5.0m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€39.0m
Staff costs
+€240,952
Depreciation
+€583
Provisions
-€50,000
Other operating charges
+€338
Other operating items
-€187,474
Financial income
-€1.7m
Financial charges
+€16,015
Taxes
+€64,797
Result 2025
€37.4m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€34.5m
Investment
€0
Financing
-€34.5m
Cash 2024
€139
From operations (derived)
+€34.5m
Net result for the year
+€37.4m
Depreciation
+€635
Receivables within one year
-€4.8m
Smaller working-capital items
+€92,562
Trade debts
-€480,001
Other debts
+€2.0m
Accrued charges and deferred income
+€245,269
Financing
-€34.5m
Short-term financial debts
+€790
Contributions, distributions and other
-€34.5m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,342,004 | €284,096,966 | +€4.8m | +1.7% |
| Fixed assets | 21/28 | €276,836,877 | €276,836,241 | -€635 | 0.0% |
| Tangible fixed assets | 22/27 | €877 | €241 | -€635 | -72.5% |
| Furniture and vehicles | 24 | €877 | €241 | -€635 | -72.5% |
| Financial fixed assets | 28 | €276,836,000 | €276,836,000 | = | 0.0% |
| Affiliated companies | 280/1 | €276,836,000 | €276,836,000 | = | 0.0% |
| Participating interests | 280 | €276,836,000 | €276,836,000 | = | 0.0% |
| Current assets | 29/58 | €2,505,127 | €7,260,725 | +€4.8m | +190% |
| Amounts receivable within one year | 40/41 | €2,497,797 | €7,259,525 | +€4.8m | +191% |
| Trade receivables | 40 | €1,241,071 | €1,001,732 | -€239,339 | -19.3% |
| Other amounts receivable | 41 | €1,256,726 | €6,257,793 | +€5.0m | +398% |
| Cash at bank and in hand | 54/58 | €139 | - | -€139 | |
| Deferred charges and accrued income | 490/1 | €7,192 | €1,200 | -€5,992 | -83.3% |
| Total equity and liabilities | 10/49 | €279,342,004 | €284,096,966 | +€4.8m | +1.7% |
| Equity | 10/15 | €276,491,533 | €279,400,459 | +€2.9m | +1.1% |
| Contributions | 10/11 | €214,800,000 | €214,800,000 | = | 0.0% |
| Capital | 10 | €214,800,000 | €214,800,000 | = | 0.0% |
| Issued capital | 100 | €214,800,000 | €214,800,000 | = | 0.0% |
| Reserves | 13 | €5,834,577 | €7,705,023 | +€1.9m | +32.1% |
| Non-distributable reserves | 130/1 | €5,834,577 | €7,705,023 | +€1.9m | +32.1% |
| Legal reserve | 130 | €5,834,577 | €7,705,023 | +€1.9m | +32.1% |
| Profit (loss) carried forward | 14 | €55,856,956 | €56,895,436 | +€1.0m | +1.9% |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Other liabilities and charges | 164/5 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €2,850,471 | €4,646,507 | +€1.8m | +63.0% |
| Amounts payable within one year | 42/48 | €2,451,595 | €4,002,362 | +€1.6m | +63.3% |
| Financial debts | 43 | - | €790 | +€790 | |
| Credit institutions | 430/8 | - | €790 | +€790 | |
| Trade debts | 44 | €1,945,197 | €1,465,196 | -€480,001 | -24.7% |
| Suppliers | 440/4 | €1,945,197 | €1,465,196 | -€480,001 | -24.7% |
| Taxes, remuneration and social security | 45 | €101,864 | €138,434 | +€36,570 | +35.9% |
| Taxes | 450/3 | €77,868 | €99,462 | +€21,594 | +27.7% |
| Remuneration and social security | 454/9 | €23,997 | €38,972 | +€14,976 | +62.4% |
| Other amounts payable | 47/48 | €404,533 | €2,397,941 | +€2.0m | +493% |
| Accrued charges and deferred income | 492/3 | €398,876 | €644,145 | +€245,269 | +61.5% |
| Operating income | 70/76A | €9,670,261 | €9,511,289 | -€158,973 | -1.6% |
| Other operating income | 74 | €9,653,832 | €9,511,289 | -€142,543 | -1.5% |
| Non-recurring operating income | 76A | €16,430 | - | -€16,430 | |
| Operating charges | 60/66A | €8,532,344 | €8,368,973 | -€163,371 | -1.9% |
| Services and other goods | 61 | €8,074,631 | €8,103,133 | +€28,502 | +0.4% |
| Remuneration, social security and pensions | 62 | €456,012 | €215,060 | -€240,952 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,219 | €635 | -€583 | -47.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €482 | €144 | -€338 | -70.1% |
| Operating profit (loss) | 9901 | €1,137,918 | €1,142,316 | +€4,399 | +0.4% |
| Financial income | 75/76B | €38,298,718 | €36,596,268 | -€1.7m | -4.4% |
| Recurring financial income | 75 | €38,298,718 | €36,596,268 | -€1.7m | -4.4% |
| Income from financial fixed assets | 750 | €37,917,479 | €36,494,200 | -€1.4m | -3.8% |
| Income from current assets | 751 | €381,120 | €94,637 | -€286,483 | -75.2% |
| Other financial income | 752/9 | €119 | €7,432 | +€7,312 | +6,129% |
| Financial charges | 65/66B | €36,877 | €20,862 | -€16,015 | -43.4% |
| Recurring financial charges | 65 | €36,877 | €20,862 | -€16,015 | -43.4% |
| Debt charges | 650 | €19,605 | €18,926 | -€679 | -3.5% |
| Other financial charges | 652/9 | €17,272 | €1,936 | -€15,336 | -88.8% |
| Profit (loss) for the period before taxes | 9903 | €39,399,759 | €37,717,723 | -€1.7m | -4.3% |
| Income taxes | 67/77 | €373,594 | €308,797 | -€64,797 | -17.3% |
| Taxes | 670/3 | €376,262 | €310,335 | -€65,927 | -17.5% |
| Tax adjustments and reversals of tax provisions | 77 | €2,668 | €1,538 | -€1,130 | -42.4% |
| Profit (loss) for the period | 9904 | €39,026,165 | €37,408,926 | -€1.6m | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,026,165 | €37,408,926 | -€1.6m | -4.1% |
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 25 October 2026 via checked.be.