CORFISH: 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.
CORFISH
Largest movements
- Cash +€3,059
up €3,059 (+16.9%), from €18,104 to €21,163
mainly Net result for the year (+€4,053) and Receivables within one year (+€2,221)
- Receivables within one year -€2,221
down €2,221 (-8.5%), from €26,087 to €23,867
of which Trade receivables: -€2,709
- Reserves +€3,220
up €3,220 (+15.9%), from €20,199 to €23,420
of which Distributable reserves: +€3,220
- Other debts -€1,933
down €1,933 (-14.9%), from €12,942 to €11,008
- Tax, wage and social debts +€526
up €526 (+37.6%), from €1,399 to €1,925
- Gross operating margin -€862
down €862 (-8.2%), from €10,462 to €9,600
- Taxes +€676
up €676 (+24.4%), from €2,767 to €3,442
- Financial charges -€284
down €284 (-21.1%), from €1,350 to €1,066
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 | €46,230 | €47,271 | +€1,041 | +2.3% |
| Fixed assets | 21/28 | €467 | €356 | -€111 | -23.7% |
| Tangible fixed assets | 22/27 | €332 | €221 | -€111 | -33.4% |
| Land and buildings | 22 | €332 | €221 | -€111 | -33.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €45,762 | €46,915 | +€1,152 | +2.5% |
| Amounts receivable within one year | 40/41 | €26,087 | €23,867 | -€2,221 | -8.5% |
| Trade receivables | 40 | €25,344 | €22,636 | -€2,709 | -10.7% |
| Other amounts receivable | 41 | €743 | €1,231 | +€488 | +65.7% |
| Cash at bank and in hand | 54/58 | €18,104 | €21,163 | +€3,059 | +16.9% |
| Deferred charges and accrued income | 490/1 | €1,571 | €1,885 | +€314 | +20.0% |
| Total equity and liabilities | 10/49 | €46,230 | €47,271 | +€1,041 | +2.3% |
| Equity | 10/15 | €29,619 | €32,840 | +€3,220 | +10.9% |
| Contributions | 10/11 | €9,420 | €9,420 | = | 0.0% |
| Reserves | 13 | €20,199 | €23,420 | +€3,220 | +15.9% |
| Non-distributable reserves | 130/1 | €940 | €940 | = | 0.0% |
| Reserves not available under the articles | 1311 | €940 | €940 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,629 | €6,629 | = | 0.0% |
| Distributable reserves | 133 | €12,630 | €15,851 | +€3,220 | +25.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,611 | €14,432 | -€2,179 | -13.1% |
| Amounts payable within one year | 42/48 | €15,475 | €13,643 | -€1,832 | -11.8% |
| Trade debts | 44 | €1,134 | €709 | -€425 | -37.5% |
| Suppliers | 440/4 | €1,134 | €709 | -€425 | -37.5% |
| Taxes, remuneration and social security | 45 | €1,399 | €1,925 | +€526 | +37.6% |
| Taxes | 450/3 | €1,399 | €1,925 | +€526 | +37.6% |
| Other amounts payable | 47/48 | €12,942 | €11,008 | -€1,933 | -14.9% |
| Accrued charges and deferred income | 492/3 | €1,136 | €789 | -€347 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111 | €111 | = | 0.0% |
| Other operating charges | 640/8 | €940 | €954 | +€13 | +1.4% |
| Gross operating margin | 9900 | €10,462 | €9,600 | -€862 | -8.2% |
| Operating profit (loss) | 9901 | €9,410 | €8,535 | -€875 | -9.3% |
| Financial income | 75/76B | €32 | €26 | -€6 | -18.8% |
| Recurring financial income | 75 | €32 | €26 | -€6 | -18.8% |
| Financial charges | 65/66B | €1,350 | €1,066 | -€284 | -21.1% |
| Recurring financial charges | 65 | €1,350 | €1,066 | -€284 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €8,093 | €7,496 | -€597 | -7.4% |
| Income taxes | 67/77 | €2,767 | €3,442 | +€676 | +24.4% |
| Profit (loss) for the period | 9904 | €5,326 | €4,053 | -€1,272 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,326 | €4,053 | -€1,272 | -23.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.