Corin Belgium: 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.
Corin Belgium
Largest movements
- Receivables within one year +€669,359
up €669,359 (+33.9%), from €2.0m to €2.6m
of which Other amounts receivable: +€617,811
- Stocks and contracts -€222,349
down €222,349 (-25.3%), from €877,523 to €655,175
- Tangible fixed assets +€209,299
up €209,299 (+51.8%), from €403,881 to €613,180
of which Plant, machinery and equipment: +€223,019
- Cash -€91,107
down €91,107 (-17.3%), from €527,139 to €436,032
mainly Receivables within one year (-€669,359) and Investment in fixed assets (net) (-€308,660)
- Other debts +€458,694
up €458,694 (+17.7%), from €2.6m to €3.0m
- Tax, wage and social debts -€97,881
down €97,881 (-31.2%), from €313,227 to €215,346
of which Taxes: -€58,764
- Profit (loss) carried forward +€95,385
up €95,385 (+15.0%), from €635,552 to €730,937
- Accrued charges and deferred income +€79,528
up €79,528 (+86.0%), from €92,455 to €171,983
- Gross operating margin +€286,407
up €286,407 (+29.1%), from €984,254 to €1.3m
- Staff costs +€157,720
up €157,720 (+19.8%), from €796,071 to €953,791
- Depreciation +€59,786
up €59,786 (+151%), from €39,575 to €99,362
- Provisions +€40,598
up €40,598, from -€27,064 to €13,534
- Financial charges +€13,001
up €13,001 (+28.3%), from €46,002 to €59,003
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 | €3,784,343 | €4,351,338 | +€566,995 | +15.0% |
| Fixed assets | 21/28 | €403,919 | €613,217 | +€209,299 | +51.8% |
| Tangible fixed assets | 22/27 | €403,881 | €613,180 | +€209,299 | +51.8% |
| Plant, machinery and equipment | 23 | €289,907 | €512,926 | +€223,019 | +76.9% |
| Furniture and vehicles | 24 | €111,997 | €93,796 | -€18,201 | -16.3% |
| Other tangible fixed assets | 26 | €1,977 | €6,458 | +€4,481 | +227% |
| Financial fixed assets | 28 | €38 | €38 | = | 0.0% |
| Current assets | 29/58 | €3,380,424 | €3,738,121 | +€357,697 | +10.6% |
| Stocks and contracts in progress | 3 | €877,523 | €655,175 | -€222,349 | -25.3% |
| Stocks | 30/36 | €877,523 | €655,175 | -€222,349 | -25.3% |
| Amounts receivable within one year | 40/41 | €1,975,555 | €2,644,914 | +€669,359 | +33.9% |
| Trade receivables | 40 | €738,537 | €790,085 | +€51,548 | +7.0% |
| Other amounts receivable | 41 | €1,237,018 | €1,854,829 | +€617,811 | +49.9% |
| Cash at bank and in hand | 54/58 | €527,139 | €436,032 | -€91,107 | -17.3% |
| Deferred charges and accrued income | 490/1 | €206 | €2,000 | +€1,794 | +869% |
| Total equity and liabilities | 10/49 | €3,784,343 | €4,351,338 | +€566,995 | +15.0% |
| Equity | 10/15 | €655,957 | €751,342 | +€95,385 | +14.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €635,552 | €730,937 | +€95,385 | +15.0% |
| Amounts payable | 17/49 | €3,128,386 | €3,599,997 | +€471,611 | +15.1% |
| Amounts payable within one year | 42/48 | €3,035,932 | €3,428,014 | +€392,082 | +12.9% |
| Trade debts | 44 | €132,023 | €163,292 | +€31,269 | +23.7% |
| Suppliers | 440/4 | €124,850 | €163,292 | +€38,442 | +30.8% |
| Bills of exchange payable | 441 | €7,173 | €0 | -€7,173 | -100% |
| Taxes, remuneration and social security | 45 | €313,227 | €215,346 | -€97,881 | -31.2% |
| Taxes | 450/3 | €61,353 | €2,589 | -€58,764 | -95.8% |
| Remuneration and social security | 454/9 | €251,874 | €212,757 | -€39,117 | -15.5% |
| Other amounts payable | 47/48 | €2,590,682 | €3,049,376 | +€458,694 | +17.7% |
| Accrued charges and deferred income | 492/3 | €92,455 | €171,983 | +€79,528 | +86.0% |
| Remuneration, social security and pensions | 62 | €796,071 | €953,791 | +€157,720 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,575 | €99,362 | +€59,786 | +151% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€27,064 | €13,534 | +€40,598 | |
| Other operating charges | 640/8 | €7,338 | €7,550 | +€212 | +2.9% |
| Gross operating margin | 9900 | €984,254 | €1,270,661 | +€286,407 | +29.1% |
| Operating profit (loss) | 9901 | €168,334 | €196,424 | +€28,091 | +16.7% |
| Financial charges | 65/66B | €46,002 | €59,003 | +€13,001 | +28.3% |
| Recurring financial charges | 65 | €46,002 | €59,003 | +€13,001 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €122,332 | €137,421 | +€15,089 | +12.3% |
| Income taxes | 67/77 | €43,129 | €42,036 | -€1,093 | -2.5% |
| Profit (loss) for the period | 9904 | €79,203 | €95,385 | +€16,182 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,203 | €95,385 | +€16,182 | +20.4% |
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 26 October 2026 via checked.be.