Corezon: 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.
Corezon
Largest movements
- Receivables within one year -€44,554
down €44,554 (-25.6%), from €174,276 to €129,722
- Cash +€13,750
new in 2025: €13,750
mainly Receivables within one year (+€44,554) and Other debts (+€31,135)
- Tangible fixed assets +€6,677
up €6,677 (+1.5%), from €435,314 to €441,991
of which Assets under construction and advance payments: +€6,456
- Reserves -€37,933
down €37,933 (-31.2%), from €121,591 to €83,658
- Other debts +€31,135
new in 2025: €31,135
- Debts after one year -€24,783
down €24,783 (-6.5%), from €378,596 to €353,813
- Tax, wage and social debts -€23,330
down €23,330 (-34.6%), from €67,490 to €44,160
- Short-term financial debts +€15,096
up €15,096 (+774.0%), from €1,950 to €17,046
- Gross operating margin -€14,659
down €14,659 (-243.4%), from -€6,022 to -€20,681
- Financial charges -€14,610
down €14,610 (-57.1%), from €25,595 to €10,985
- Depreciation +€1,125
up €1,125 (+26.9%), from €4,184 to €5,308
- Other operating charges -€915
down €915 (-48.8%), from €1,875 to €959
- Financial income -€728
no longer reported in 2025 (was €728)
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 | €615,144 | €586,209 | -€28,935 | -4.7% |
| Fixed assets | 21/28 | €440,868 | €442,737 | +€1,869 | +0.4% |
| Intangible fixed assets | 21 | €5,429 | €621 | -€4,808 | -88.6% |
| Tangible fixed assets | 22/27 | €435,314 | €441,991 | +€6,677 | +1.5% |
| Land and buildings | 22 | €100,000 | €100,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €677 | +€677 | |
| Furniture and vehicles | 24 | €3,131 | €2,675 | -€456 | -14.6% |
| Assets under construction and advance payments | 27 | €332,183 | €338,639 | +€6,456 | +1.9% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €174,276 | €143,472 | -€30,804 | -17.7% |
| Amounts receivable within one year | 40/41 | €174,276 | €129,722 | -€44,554 | -25.6% |
| Other amounts receivable | 41 | €174,276 | €129,722 | -€44,554 | -25.6% |
| Cash at bank and in hand | 54/58 | - | €13,750 | +€13,750 | |
| Total equity and liabilities | 10/49 | €615,144 | €586,209 | -€28,935 | -4.7% |
| Equity | 10/15 | €129,591 | €91,658 | -€37,933 | -29.3% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €121,591 | €83,658 | -€37,933 | -31.2% |
| Distributable reserves | 133 | €121,591 | €83,658 | -€37,933 | -31.2% |
| Amounts payable | 17/49 | €485,553 | €494,551 | +€8,998 | +1.9% |
| Amounts payable after more than one year | 17 | €378,596 | €353,813 | -€24,783 | -6.5% |
| Financial debts | 170/4 | €378,596 | €353,813 | -€24,783 | -6.5% |
| Amounts payable within one year | 42/48 | €106,957 | €140,468 | +€33,511 | +31.3% |
| Current portion of amounts payable after more than one year | 42 | €26,262 | €36,791 | +€10,529 | +40.1% |
| Financial debts | 43 | €1,950 | €17,046 | +€15,096 | +774.0% |
| Credit institutions | 430/8 | €1,950 | €17,046 | +€15,096 | +774.0% |
| Trade debts | 44 | €11,255 | €11,337 | +€82 | +0.7% |
| Suppliers | 440/4 | €11,255 | €11,337 | +€82 | +0.7% |
| Taxes, remuneration and social security | 45 | €67,490 | €44,160 | -€23,330 | -34.6% |
| Taxes | 450/3 | €67,490 | €44,160 | -€23,330 | -34.6% |
| Other amounts payable | 47/48 | - | €31,135 | +€31,135 | |
| Accrued charges and deferred income | 492/3 | - | €270 | +€270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,184 | €5,308 | +€1,125 | +26.9% |
| Other operating charges | 640/8 | €1,875 | €959 | -€915 | -48.8% |
| Gross operating margin | 9900 | -€6,022 | -€20,681 | -€14,659 | -243.4% |
| Operating profit (loss) | 9901 | -€12,080 | -€26,948 | -€14,868 | -123.1% |
| Financial income | 75/76B | €728 | - | -€728 | |
| Recurring financial income | 75 | €728 | - | -€728 | |
| Financial charges | 65/66B | €25,595 | €10,985 | -€14,610 | -57.1% |
| Recurring financial charges | 65 | €25,595 | €10,985 | -€14,610 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | -€36,947 | -€37,933 | -€986 | -2.7% |
| Profit (loss) for the period | 9904 | -€36,947 | -€37,933 | -€986 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,947 | -€37,933 | -€986 | -2.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.