CORFINAS: 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.
CORFINAS
Largest movements
- Cash +€44,101
up €44,101 (+60.5%), from €72,927 to €117,028
mainly Receivables within one year (+€23,247) and Depreciation (+€14,659)
- Receivables within one year -€23,247
down €23,247 (-7.5%), from €311,441 to €288,193
of which Other amounts receivable: -€23,501
- Tangible fixed assets -€13,409
down €13,409 (-31.7%), from €42,339 to €28,930
of which Land and buildings: -€13,058
- Reserves +€6,192
up €6,192 (+1.6%), from €382,093 to €388,285
- Financial charges +€1,532
up €1,532 (+1824.3%), from €84 to €1,616
- Gross operating margin +€886
up €886 (+5.7%), from €15,472 to €16,357
- Taxes +€428
up €428 (+70.0%), from €611 to €1,038
- Depreciation -€298
down €298 (-2.0%), from €14,957 to €14,659
- Other operating charges -€208
down €208 (-7.8%), from €2,680 to €2,472
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 | €437,225 | €446,930 | +€9,704 | +2.2% |
| Fixed assets | 21/28 | €42,339 | €28,930 | -€13,409 | -31.7% |
| Tangible fixed assets | 22/27 | €42,339 | €28,930 | -€13,409 | -31.7% |
| Land and buildings | 22 | €39,174 | €26,116 | -€13,058 | -33.3% |
| Furniture and vehicles | 24 | €3,166 | €2,814 | -€351 | -11.1% |
| Current assets | 29/58 | €394,886 | €418,000 | +€23,114 | +5.9% |
| Amounts receivable within one year | 40/41 | €311,441 | €288,193 | -€23,247 | -7.5% |
| Trade receivables | 40 | - | €254 | +€254 | |
| Other amounts receivable | 41 | €311,441 | €287,940 | -€23,501 | -7.5% |
| Cash at bank and in hand | 54/58 | €72,927 | €117,028 | +€44,101 | +60.5% |
| Deferred charges and accrued income | 490/1 | €10,518 | €12,779 | +€2,261 | +21.5% |
| Total equity and liabilities | 10/49 | €437,225 | €446,930 | +€9,704 | +2.2% |
| Equity | 10/15 | €432,093 | €438,285 | +€6,192 | +1.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €382,093 | €388,285 | +€6,192 | +1.6% |
| Distributable reserves | 133 | €382,093 | €388,285 | +€6,192 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,132 | €8,644 | +€3,512 | +68.4% |
| Amounts payable within one year | 42/48 | €4,296 | €7,249 | +€2,954 | +68.8% |
| Trade debts | 44 | €773 | €1,418 | +€645 | +83.4% |
| Suppliers | 440/4 | €773 | €1,418 | +€645 | +83.4% |
| Taxes, remuneration and social security | 45 | €3,523 | €3,811 | +€288 | +8.2% |
| Taxes | 450/3 | €3,523 | €3,811 | +€288 | +8.2% |
| Other amounts payable | 47/48 | €0 | €2,021 | +€2,021 | |
| Accrued charges and deferred income | 492/3 | €837 | €1,395 | +€558 | +66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,957 | €14,659 | -€298 | -2.0% |
| Other operating charges | 640/8 | €2,680 | €2,472 | -€208 | -7.8% |
| Gross operating margin | 9900 | €15,472 | €16,357 | +€886 | +5.7% |
| Operating profit (loss) | 9901 | -€2,166 | -€774 | +€1,391 | +64.2% |
| Financial income | 75/76B | €9,559 | €9,621 | +€62 | +0.7% |
| Recurring financial income | 75 | €9,559 | €9,621 | +€62 | +0.7% |
| Financial charges | 65/66B | €84 | €1,616 | +€1,532 | +1824.3% |
| Recurring financial charges | 65 | €84 | €1,616 | +€1,532 | +1824.3% |
| Profit (loss) for the period before taxes | 9903 | €7,309 | €7,230 | -€79 | -1.1% |
| Income taxes | 67/77 | €611 | €1,038 | +€428 | +70.0% |
| Profit (loss) for the period | 9904 | €6,698 | €6,192 | -€506 | -7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,698 | €6,192 | -€506 | -7.6% |
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 12 October 2026 via checked.be.