CORINVEST: 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.
What changed
CORINVEST
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€112,725
2024 · €102,612+€10,113
Equity
€1.1m
2024 · €986,061+€105,585
Cash
€73,999
2024 · €72,708+€1,291
Balance sheet total
€2.7m
2024 · €2.5m+€149,405
Largest movements
Assets
- Receivables within one year +€226,790
up €226,790 (+48.0%), from €472,200 to €698,990
- Tangible fixed assets -€78,676
down €78,676 (-4.0%), from €2.0m to €1.9m
Equity and liabilities
- Short-term financial debts +€304,755
up €304,755 (+87.2%), from €349,558 to €654,313
of which Credit institutions: +€353,482
- Debts after one year -€226,913
down €226,913 (-30.8%), from €736,710 to €509,797
- Profit (loss) carried forward +€112,725
up €112,725 (+19.7%), from €571,532 to €684,257
- Trade debts -€47,394
down €47,394 (-46.9%), from €101,012 to €53,618
Income statement
- Gross operating margin +€7,119
up €7,119 (+1.9%), from €381,747 to €388,866
- Financial charges -€5,690
down €5,690 (-5.7%), from €99,129 to €93,439
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.
Result 2024
€102,612
Gross operating margin
+€7,119
Depreciation
+€170
Other operating charges
-€2,506
Financial income
+€1,175
Financial charges
+€5,690
Taxes
-€1,535
Result 2025
€112,725
raises the resultlowers the result
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.
From operations
-€74,998
Investment
€0
Financing
+€76,289
Cash 2024
€72,708
From operations (derived)
-€74,998
Net result for the year
+€112,725
Depreciation
+€78,676
Receivables within one year
-€226,790
Trade debts
-€47,394
Tax, wage and social debts
+€5,435
Other debts
+€2,350
Financing
+€76,289
Debts after one year
-€226,913
Current portion of long-term debt
+€5,587
Short-term financial debts
+€304,755
Contributions, distributions and other
-€7,140
Cash 2025
€73,999
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,511,800 | €2,661,205 | +€149,405 | +5.9% |
| Fixed assets | 21/28 | €1,966,892 | €1,888,216 | -€78,676 | -4.0% |
| Tangible fixed assets | 22/27 | €1,966,892 | €1,888,216 | -€78,676 | -4.0% |
| Land and buildings | 22 | €1,966,892 | €1,888,216 | -€78,676 | -4.0% |
| Current assets | 29/58 | €544,908 | €772,989 | +€228,081 | +41.9% |
| Amounts receivable within one year | 40/41 | €472,200 | €698,990 | +€226,790 | +48.0% |
| Other amounts receivable | 41 | €472,200 | €698,990 | +€226,790 | +48.0% |
| Cash at bank and in hand | 54/58 | €72,708 | €73,999 | +€1,291 | +1.8% |
| Total equity and liabilities | 10/49 | €2,511,800 | €2,661,205 | +€149,405 | +5.9% |
| Equity | 10/15 | €986,061 | €1,091,646 | +€105,585 | +10.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Capital | 10 | €120,000 | €120,000 | = | 0.0% |
| Issued capital | 100 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €223,136 | €223,136 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Legal reserve | 130 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €211,136 | €211,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €571,532 | €684,257 | +€112,725 | +19.7% |
| Investment grants | 15 | €71,393 | €64,253 | -€7,140 | -10.0% |
| Provisions and deferred taxes | 16 | €82,426 | €82,426 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €82,426 | €82,426 | = | 0.0% |
| Major repairs and maintenance | 162 | €82,426 | €82,426 | = | 0.0% |
| Amounts payable | 17/49 | €1,443,313 | €1,487,133 | +€43,820 | +3.0% |
| Amounts payable after more than one year | 17 | €736,710 | €509,797 | -€226,913 | -30.8% |
| Financial debts | 170/4 | €736,710 | €509,797 | -€226,913 | -30.8% |
| Amounts payable within one year | 42/48 | €706,603 | €977,336 | +€270,733 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €221,269 | €226,856 | +€5,587 | +2.5% |
| Financial debts | 43 | €349,558 | €654,313 | +€304,755 | +87.2% |
| Credit institutions | 430/8 | - | €353,482 | +€353,482 | |
| Other loans | 439 | €349,558 | €300,831 | -€48,727 | -13.9% |
| Trade debts | 44 | €101,012 | €53,618 | -€47,394 | -46.9% |
| Suppliers | 440/4 | €101,012 | €53,618 | -€47,394 | -46.9% |
| Taxes, remuneration and social security | 45 | €24,565 | €30,000 | +€5,435 | +22.1% |
| Taxes | 450/3 | €24,565 | €30,000 | +€5,435 | +22.1% |
| Other amounts payable | 47/48 | €10,199 | €12,549 | +€2,350 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,846 | €78,676 | -€170 | -0.2% |
| Other operating charges | 640/8 | €91,453 | €93,959 | +€2,506 | +2.7% |
| Gross operating margin | 9900 | €381,747 | €388,866 | +€7,119 | +1.9% |
| Operating profit (loss) | 9901 | €211,448 | €216,231 | +€4,783 | +2.3% |
| Financial income | 75/76B | €31,414 | €32,589 | +€1,175 | +3.7% |
| Recurring financial income | 75 | €31,414 | €32,589 | +€1,175 | +3.7% |
| Financial charges | 65/66B | €99,129 | €93,439 | -€5,690 | -5.7% |
| Recurring financial charges | 65 | €99,129 | €93,439 | -€5,690 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €143,733 | €155,381 | +€11,648 | +8.1% |
| Income taxes | 67/77 | €41,121 | €42,656 | +€1,535 | +3.7% |
| Profit (loss) for the period | 9904 | €102,612 | €112,725 | +€10,113 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €102,612 | €112,725 | +€10,113 | +9.9% |
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 31 October 2026 via checked.be.