CORIPHAR: what changed
Two fiscal 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.
CORIPHAR
Largest movements
- Receivables within one year -€97,371
down €97,371 (-35.0%), from €278,169 to €180,798
of which Trade receivables: -€64,676
- Cash -€18,779
down €18,779 (-23.2%), from €81,072 to €62,294
mainly Other debts (-€93,863) and Contributions, distributions and other (-€25,200)
- Stocks and contracts +€8,280
up €8,280 (+5.2%), from €159,908 to €168,188
- Other debts -€93,863
down €93,863 (-78.8%), from €119,063 to €25,200
- Debts after one year -€20,004
down €20,004 (-23.1%), from €86,624 to €66,620
- Trade debts +€8,669
up €8,669 (+5.7%), from €152,122 to €160,791
- Gross operating margin -€23,307
down €23,307 (-29.4%), from €79,297 to €55,990
- Financial income -€20,846
down €20,846 (-89.7%), from €23,238 to €2,392
- Write-downs +€20,068
no longer reported in 2025 (was -€20,068)
- Financial charges -€4,041
down €4,041 (-44.2%), from €9,149 to €5,108
- Other operating charges +€3,212
up €3,212 (+90.1%), from €3,566 to €6,778
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 | €533,228 | €425,689 | -€107,539 | -20.2% |
| Fixed assets | 21/28 | €11,150 | €8,207 | -€2,943 | -26.4% |
| Intangible fixed assets | 21 | €2,071 | €1,019 | -€1,052 | -50.8% |
| Tangible fixed assets | 22/27 | €9,080 | €7,189 | -€1,891 | -20.8% |
| Land and buildings | 22 | €5,162 | €4,495 | -€667 | -12.9% |
| Plant, machinery and equipment | 23 | €2,010 | €2,505 | +€495 | +24.6% |
| Furniture and vehicles | 24 | €1,908 | €188 | -€1,719 | -90.1% |
| Current assets | 29/58 | €522,078 | €417,482 | -€104,596 | -20.0% |
| Stocks and contracts in progress | 3 | €159,908 | €168,188 | +€8,280 | +5.2% |
| Stocks | 30/36 | €159,908 | €168,188 | +€8,280 | +5.2% |
| Amounts receivable within one year | 40/41 | €278,169 | €180,798 | -€97,371 | -35.0% |
| Trade receivables | 40 | €143,501 | €78,825 | -€64,676 | -45.1% |
| Other amounts receivable | 41 | €134,668 | €101,973 | -€32,695 | -24.3% |
| Cash at bank and in hand | 54/58 | €81,072 | €62,294 | -€18,779 | -23.2% |
| Deferred charges and accrued income | 490/1 | €2,930 | €6,203 | +€3,273 | +111.7% |
| Total equity and liabilities | 10/49 | €533,228 | €425,689 | -€107,539 | -20.2% |
| Equity | 10/15 | €146,870 | €146,896 | +€25 | 0.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €127,290 | €127,290 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €125,390 | €125,390 | = | 0.0% |
| Profit (loss) carried forward | 14 | €581 | €606 | +€25 | +4.4% |
| Amounts payable | 17/49 | €386,358 | €278,794 | -€107,565 | -27.8% |
| Amounts payable after more than one year | 17 | €86,624 | €66,620 | -€20,004 | -23.1% |
| Financial debts | 170/4 | €86,624 | €66,620 | -€20,004 | -23.1% |
| Amounts payable within one year | 42/48 | €299,319 | €211,726 | -€87,593 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €20,004 | €20,004 | = | 0.0% |
| Trade debts | 44 | €152,122 | €160,791 | +€8,669 | +5.7% |
| Suppliers | 440/4 | €152,122 | €160,791 | +€8,669 | +5.7% |
| Taxes, remuneration and social security | 45 | €8,129 | €5,731 | -€2,398 | -29.5% |
| Taxes | 450/3 | €4,809 | €2,380 | -€2,429 | -50.5% |
| Remuneration and social security | 454/9 | €3,320 | €3,350 | +€31 | +0.9% |
| Other amounts payable | 47/48 | €119,063 | €25,200 | -€93,863 | -78.8% |
| Accrued charges and deferred income | 492/3 | €416 | €448 | +€32 | +7.7% |
| Remuneration, social security and pensions | 62 | €14,513 | €15,479 | +€966 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,880 | €4,182 | -€698 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,068 | - | +€20,068 | |
| Other operating charges | 640/8 | €3,566 | €6,778 | +€3,212 | +90.1% |
| Gross operating margin | 9900 | €79,297 | €55,990 | -€23,307 | -29.4% |
| Operating profit (loss) | 9901 | €76,405 | €29,552 | -€46,854 | -61.3% |
| Financial income | 75/76B | €23,238 | €2,392 | -€20,846 | -89.7% |
| Recurring financial income | 75 | €23,238 | €2,392 | -€20,846 | -89.7% |
| Financial charges | 65/66B | €9,149 | €5,108 | -€4,041 | -44.2% |
| Recurring financial charges | 65 | €9,149 | €5,108 | -€4,041 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €90,495 | €26,836 | -€63,659 | -70.3% |
| Income taxes | 67/77 | €3,115 | €1,610 | -€1,505 | -48.3% |
| Profit (loss) for the period | 9904 | €87,380 | €25,225 | -€62,155 | -71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €87,380 | €25,225 | -€62,155 | -71.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.