Corfectie: 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.
Corfectie
Largest movements
- Receivables within one year +€85,447
up €85,447 (+371%), from €23,046 to €108,493
of which Trade receivables: +€97,237
- Cash +€7,946
up €7,946 (+2.9%), from €277,134 to €285,079
mainly Net result for the year (+€45,932) and Trade debts (+€36,302)
- Reserves +€45,932
up €45,932 (+22.5%), from €204,305 to €250,236
- Trade debts +€36,302
up €36,302 (+1,751%), from €2,074 to €38,376
- Tax, wage and social debts +€21,773
up €21,773 (+31.7%), from €68,679 to €90,452
of which Remuneration and social security: +€11,733
- Other debts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Gross operating margin +€68,772
up €68,772 (+13.2%), from €520,443 to €589,216
- Staff costs +€59,226
up €59,226 (+12.7%), from €465,559 to €524,785
- Taxes +€6,191
up €6,191 (+51.5%), from €12,022 to €18,213
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,058 | €399,065 | +€94,007 | +30.8% |
| Fixed assets | 21/28 | - | €629 | +€629 | |
| Tangible fixed assets | 22/27 | - | €629 | +€629 | |
| Plant, machinery and equipment | 23 | - | €629 | +€629 | |
| Current assets | 29/58 | €305,058 | €398,436 | +€93,378 | +30.6% |
| Amounts receivable within one year | 40/41 | €23,046 | €108,493 | +€85,447 | +371% |
| Trade receivables | 40 | €151 | €97,389 | +€97,237 | +64,221% |
| Other amounts receivable | 41 | €22,895 | €11,105 | -€11,790 | -51.5% |
| Cash at bank and in hand | 54/58 | €277,134 | €285,079 | +€7,946 | +2.9% |
| Deferred charges and accrued income | 490/1 | €4,878 | €4,863 | -€15 | -0.3% |
| Total equity and liabilities | 10/49 | €305,058 | €399,065 | +€94,007 | +30.8% |
| Equity | 10/15 | €224,305 | €270,236 | +€45,932 | +20.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €204,305 | €250,236 | +€45,932 | +22.5% |
| Distributable reserves | 133 | €204,305 | €250,236 | +€45,932 | +22.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,753 | €128,829 | +€48,075 | +59.5% |
| Amounts payable within one year | 42/48 | €80,753 | €128,829 | +€48,075 | +59.5% |
| Trade debts | 44 | €2,074 | €38,376 | +€36,302 | +1,751% |
| Suppliers | 440/4 | €2,074 | €38,376 | +€36,302 | +1,751% |
| Taxes, remuneration and social security | 45 | €68,679 | €90,452 | +€21,773 | +31.7% |
| Taxes | 450/3 | €25,944 | €35,984 | +€10,040 | +38.7% |
| Remuneration and social security | 454/9 | €42,736 | €54,468 | +€11,733 | +27.5% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €465,559 | €524,785 | +€59,226 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €114 | +€114 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €520,443 | €589,216 | +€68,772 | +13.2% |
| Operating profit (loss) | 9901 | €54,758 | €64,188 | +€9,430 | +17.2% |
| Financial income | 75/76B | €0 | €1 | +€0 | +104% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +104% |
| Financial charges | 65/66B | €243 | €44 | -€199 | -81.8% |
| Recurring financial charges | 65 | €243 | €44 | -€199 | -81.8% |
| Profit (loss) for the period before taxes | 9903 | €54,515 | €64,144 | +€9,629 | +17.7% |
| Income taxes | 67/77 | €12,022 | €18,213 | +€6,191 | +51.5% |
| Profit (loss) for the period | 9904 | €42,493 | €45,932 | +€3,438 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,493 | €45,932 | +€3,438 | +8.1% |
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 20 October 2026 via checked.be.