CORINA - SAELS: 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.
CORINA - SAELS
Largest movements
- Cash +€54,731
up €54,731 (+84.6%), from €64,712 to €119,442
mainly Net result for the year (+€35,356) and Trade debts (+€9,422)
- Receivables within one year -€9,152
down €9,152 (-90.1%), from €10,152 to €1,000
of which Other amounts receivable: -€5,831
- Formation expenses -€8,259
down €8,259 (-100.0%), from €8,259 to €0
- Profit (loss) carried forward +€35,356
up €35,356 (+16.4%), from -€216,062 to -€180,706
- Trade debts +€9,422
up €9,422 (+888.0%), from €1,061 to €10,484
- Accrued charges and deferred income -€8,642
down €8,642 (-100.0%), from €8,642 to €0
- Gross operating margin +€39,809
up €39,809 (+921.1%), from €4,322 to €44,132
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 | €87,623 | €124,942 | +€37,320 | +42.6% |
| Formation expenses | 20 | €8,259 | €0 | -€8,259 | -100.0% |
| Fixed assets | 21/28 | €4,500 | €4,500 | = | 0.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €74,863 | €120,442 | +€45,579 | +60.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €10,152 | €1,000 | -€9,152 | -90.1% |
| Trade receivables | 40 | €4,321 | €1,000 | -€3,321 | -76.9% |
| Other amounts receivable | 41 | €5,831 | €0 | -€5,831 | -100.0% |
| Cash at bank and in hand | 54/58 | €64,712 | €119,442 | +€54,731 | +84.6% |
| Total equity and liabilities | 10/49 | €87,623 | €124,942 | +€37,320 | +42.6% |
| Equity | 10/15 | -€143,610 | -€108,254 | +€35,356 | +24.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €66,152 | €66,152 | = | 0.0% |
| Distributable reserves | 133 | €66,152 | €66,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,062 | -€180,706 | +€35,356 | +16.4% |
| Amounts payable | 17/49 | €231,233 | €233,196 | +€1,963 | +0.8% |
| Amounts payable after more than one year | 17 | €221,530 | €221,617 | +€87 | 0.0% |
| Financial debts | 170/4 | €221,530 | €221,617 | +€87 | 0.0% |
| Amounts payable within one year | 42/48 | €1,061 | €11,579 | +€10,518 | +991.3% |
| Trade debts | 44 | €1,061 | €10,484 | +€9,422 | +888.0% |
| Suppliers | 440/4 | €1,061 | €10,484 | +€9,422 | +888.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,096 | +€1,096 | |
| Taxes | 450/3 | €0 | €1,096 | +€1,096 | |
| Accrued charges and deferred income | 492/3 | €8,642 | €0 | -€8,642 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,259 | €8,259 | +€0 | 0.0% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €4,322 | €44,132 | +€39,809 | +921.1% |
| Operating profit (loss) | 9901 | -€4,387 | €35,410 | +€39,797 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +650.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +650.0% |
| Financial charges | 65/66B | €54 | €54 | = | 0.0% |
| Recurring financial charges | 65 | €54 | €54 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,441 | €35,356 | +€39,797 | |
| Profit (loss) for the period | 9904 | -€4,441 | €35,356 | +€39,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,441 | €35,356 | +€39,797 |
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 9 October 2026 via checked.be.