Corhold: 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.
Corhold
Largest movements
- Cash +€238,879
up €238,879 (+1,784%), from €13,387 to €252,266
mainly Receivables within one year (+€193,252) and Investment in fixed assets (net) (+€75,000)
- Receivables within one year -€193,252
down €193,252 (-7.2%), from €2.7m to €2.5m
of which Trade receivables: -€121,000
- Financial fixed assets -€75,000
down €75,000 (-2.5%), from €3.0m to €3.0m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€175,182
down €175,182 (-69.9%), from €250,615 to €75,433
of which Non-recurring financial charges: -€175,000
- Financial income -€159,818
down €159,818 (-63.7%), from €250,818 to €91,000
- Gross operating margin -€106,933
down €106,933 (-97.1%), from €110,150 to €3,216
- Taxes -€32,774
down €32,774 (-93.6%), from €35,027 to €2,252
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 | €6,713,078 | €6,683,705 | -€29,373 | -0.4% |
| Fixed assets | 21/28 | €3,025,000 | €2,950,000 | -€75,000 | -2.5% |
| Financial fixed assets | 28 | €3,025,000 | €2,950,000 | -€75,000 | -2.5% |
| Current assets | 29/58 | €3,688,078 | €3,733,705 | +€45,627 | +1.2% |
| Amounts receivable within one year | 40/41 | €2,671,000 | €2,477,748 | -€193,252 | -7.2% |
| Trade receivables | 40 | €121,000 | - | -€121,000 | |
| Other amounts receivable | 41 | €2,550,000 | €2,477,748 | -€72,252 | -2.8% |
| Current investments | 50/53 | €1,003,691 | €1,003,691 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,387 | €252,266 | +€238,879 | +1,784% |
| Total equity and liabilities | 10/49 | €6,713,078 | €6,683,705 | -€29,373 | -0.4% |
| Equity | 10/15 | €5,410,746 | €5,427,001 | +€16,255 | +0.3% |
| Contributions | 10/11 | €4,950,000 | €4,950,000 | = | 0.0% |
| Reserves | 13 | €460,746 | €477,001 | +€16,255 | +3.5% |
| Distributable reserves | 133 | €460,746 | €477,001 | +€16,255 | +3.5% |
| Amounts payable | 17/49 | €1,302,332 | €1,256,704 | -€45,628 | -3.5% |
| Amounts payable within one year | 42/48 | €1,300,442 | €1,254,814 | -€45,628 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | €17,500 | +€10,000 | +133% |
| Taxes, remuneration and social security | 45 | €25,629 | €6,301 | -€19,328 | -75.4% |
| Taxes | 450/3 | €25,629 | €6,301 | -€19,328 | -75.4% |
| Other amounts payable | 47/48 | €1,267,313 | €1,231,013 | -€36,300 | -2.9% |
| Accrued charges and deferred income | 492/3 | €1,890 | €1,890 | = | 0.0% |
| Other operating charges | 640/8 | €267 | €276 | +€9 | +3.4% |
| Gross operating margin | 9900 | €110,150 | €3,216 | -€106,933 | -97.1% |
| Operating profit (loss) | 9901 | €109,883 | €2,941 | -€106,942 | -97.3% |
| Financial income | 75/76B | €250,818 | €91,000 | -€159,818 | -63.7% |
| Recurring financial income | 75 | €250,818 | €91,000 | -€159,818 | -63.7% |
| Financial charges | 65/66B | €250,615 | €75,433 | -€175,182 | -69.9% |
| Recurring financial charges | 65 | €615 | €433 | -€182 | -29.5% |
| Non-recurring financial charges | 66B | €250,000 | €75,000 | -€175,000 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €110,086 | €18,507 | -€91,579 | -83.2% |
| Income taxes | 67/77 | €35,027 | €2,252 | -€32,774 | -93.6% |
| Profit (loss) for the period | 9904 | €75,060 | €16,255 | -€58,805 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,060 | €16,255 | -€58,805 | -78.3% |
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 13 October 2026 via checked.be.