CORIOTECH: 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.
CORIOTECH
Largest movements
- Stocks and contracts -€242,056
down €242,056 (-67.3%), from €359,681 to €117,626
- Receivables within one year +€158,228
up €158,228 (+33.4%), from €473,224 to €631,452
of which Trade receivables: +€226,645
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Intangible fixed assets +€74,040
up €74,040 (+3,052%), from €2,426 to €76,466
- Cash -€40,254
down €40,254 (-97.1%), from €41,458 to €1,204
mainly Advances received (-€248,407) and Net result for the year (-€163,234)
- Advances received -€248,407
down €248,407 (-94.0%), from €264,269 to €15,862
- Profit (loss) carried forward -€163,234
down €163,234, from €41,289 to -€121,944
- Trade debts +€131,889
up €131,889 (+39.7%), from €331,873 to €463,761
- Short-term financial debts +€102,088
up €102,088 (+81.7%), from €124,926 to €227,014
- Other debts +€45,000
new in 2025: €45,000
- Gross operating margin -€125,652
down €125,652 (-54.5%), from €230,605 to €104,952
- Depreciation -€11,984
down €11,984 (-55.4%), from €21,616 to €9,633
- Staff costs +€11,506
up €11,506 (+5.3%), from €216,925 to €228,430
- Write-downs +€10,172
up €10,172 (+387%), from €2,629 to €12,802
- Financial charges +€4,038
up €4,038 (+34.3%), from €11,779 to €15,816
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 | €1,003,957 | €875,726 | -€128,231 | -12.8% |
| Fixed assets | 21/28 | €21,677 | €100,153 | +€78,475 | +362% |
| Intangible fixed assets | 21 | €2,426 | €76,466 | +€74,040 | +3,052% |
| Tangible fixed assets | 22/27 | €14,834 | €19,251 | +€4,417 | +29.8% |
| Plant, machinery and equipment | 23 | €9,520 | €8,493 | -€1,027 | -10.8% |
| Furniture and vehicles | 24 | €4,612 | €10,699 | +€6,088 | +132% |
| Other tangible fixed assets | 26 | €702 | €59 | -€644 | -91.6% |
| Financial fixed assets | 28 | €4,417 | €4,436 | +€18 | +0.4% |
| Current assets | 29/58 | €982,280 | €775,573 | -€206,707 | -21.0% |
| Stocks and contracts in progress | 3 | €359,681 | €117,626 | -€242,056 | -67.3% |
| Stocks | 30/36 | €359,681 | €117,626 | -€242,056 | -67.3% |
| Amounts receivable within one year | 40/41 | €473,224 | €631,452 | +€158,228 | +33.4% |
| Trade receivables | 40 | €397,769 | €624,413 | +€226,645 | +57.0% |
| Other amounts receivable | 41 | €75,455 | €7,039 | -€68,416 | -90.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €41,458 | €1,204 | -€40,254 | -97.1% |
| Deferred charges and accrued income | 490/1 | €7,916 | €25,291 | +€17,375 | +219% |
| Total equity and liabilities | 10/49 | €1,003,957 | €875,726 | -€128,231 | -12.8% |
| Equity | 10/15 | €218,939 | €55,706 | -€163,234 | -74.6% |
| Contributions | 10/11 | €161,500 | €161,500 | = | 0.0% |
| Capital | 10 | €161,500 | €161,500 | = | 0.0% |
| Issued capital | 100 | €161,500 | €161,500 | = | 0.0% |
| Reserves | 13 | €16,150 | €16,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,150 | €16,150 | = | 0.0% |
| Legal reserve | 130 | €16,150 | €16,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,289 | -€121,944 | -€163,234 | |
| Amounts payable | 17/49 | €785,018 | €820,020 | +€35,002 | +4.5% |
| Amounts payable within one year | 42/48 | €784,341 | €819,186 | +€34,846 | +4.4% |
| Financial debts | 43 | €124,926 | €227,014 | +€102,088 | +81.7% |
| Credit institutions | 430/8 | €124,926 | €227,014 | +€102,088 | +81.7% |
| Trade debts | 44 | €331,873 | €463,761 | +€131,889 | +39.7% |
| Suppliers | 440/4 | €331,873 | €463,761 | +€131,889 | +39.7% |
| Advances received on contracts in progress | 46 | €264,269 | €15,862 | -€248,407 | -94.0% |
| Taxes, remuneration and social security | 45 | €63,273 | €67,548 | +€4,276 | +6.8% |
| Taxes | 450/3 | €48,396 | €43,572 | -€4,825 | -10.0% |
| Remuneration and social security | 454/9 | €14,876 | €23,977 | +€9,101 | +61.2% |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €677 | €834 | +€157 | +23.2% |
| Remuneration, social security and pensions | 62 | €216,925 | €228,430 | +€11,506 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,616 | €9,633 | -€11,984 | -55.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,629 | €12,802 | +€10,172 | +387% |
| Other operating charges | 640/8 | €3,043 | €2,183 | -€860 | -28.3% |
| Gross operating margin | 9900 | €230,605 | €104,952 | -€125,652 | -54.5% |
| Operating profit (loss) | 9901 | -€13,609 | -€148,095 | -€134,486 | -988% |
| Financial income | 75/76B | €3,223 | €1,000 | -€2,223 | -69.0% |
| Recurring financial income | 75 | €3,223 | €1,000 | -€2,223 | -69.0% |
| Financial charges | 65/66B | €11,779 | €15,816 | +€4,038 | +34.3% |
| Recurring financial charges | 65 | €11,779 | €15,816 | +€4,038 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,165 | -€162,911 | -€140,747 | -635% |
| Income taxes | 67/77 | €173 | €322 | +€149 | +86.2% |
| Profit (loss) for the period | 9904 | -€22,338 | -€163,234 | -€140,896 | -631% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,338 | -€163,234 | -€140,896 | -631% |
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 14 October 2026 via checked.be.