Corland: 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.
Corland
Largest movements
- Intangible fixed assets +€88,480
new in 2025: €88,480
- Tangible fixed assets +€32,836
up €32,836 (+167.2%), from €19,643 to €52,479
- Receivables within one year +€25,277
up €25,277 (+106.4%), from €23,766 to €49,043
of which Trade receivables: +€26,893
- Deferred charges and accrued income -€23,960
down €23,960 (-93.9%), from €25,516 to €1,556
- Cash +€11,860
new in 2025: €11,860
mainly Debts after one year (+€102,765) and Depreciation (+€40,309)
- Debts after one year +€102,765
new in 2025: €102,765
- Current portion of long-term debt +€28,657
new in 2025: €28,657
- Accrued charges and deferred income -€19,798
down €19,798 (-100.0%), from €19,798 to €0
- Other debts +€8,663
new in 2025: €8,663
- Reserves +€7,811
up €7,811 (+109.2%), from €7,156 to €14,966
- Gross operating margin +€39,718
up €39,718 (+182.3%), from €21,788 to €61,506
- Depreciation +€31,884
up €31,884 (+378.5%), from €8,425 to €40,309
- Financial charges +€4,041
up €4,041 (+112260.0%), from €4 to €4,045
- Taxes +€2,204
up €2,204 (+50.0%), from €4,408 to €6,612
- Other operating charges +€933
up €933 (+52.0%), from €1,796 to €2,729
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 | €69,693 | €203,418 | +€133,725 | +191.9% |
| Formation expenses | 20 | €767 | €0 | -€767 | -100.0% |
| Fixed assets | 21/28 | €19,643 | €140,959 | +€121,316 | +617.6% |
| Intangible fixed assets | 21 | - | €88,480 | +€88,480 | |
| Tangible fixed assets | 22/27 | €19,643 | €52,479 | +€32,836 | +167.2% |
| Furniture and vehicles | 24 | €19,643 | €52,479 | +€32,836 | +167.2% |
| Current assets | 29/58 | €49,282 | €62,458 | +€13,176 | +26.7% |
| Amounts receivable within one year | 40/41 | €23,766 | €49,043 | +€25,277 | +106.4% |
| Trade receivables | 40 | €22,150 | €49,043 | +€26,893 | +121.4% |
| Other amounts receivable | 41 | €1,616 | €0 | -€1,616 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €11,860 | +€11,860 | |
| Deferred charges and accrued income | 490/1 | €25,516 | €1,556 | -€23,960 | -93.9% |
| Total equity and liabilities | 10/49 | €69,693 | €203,418 | +€133,725 | +191.9% |
| Equity | 10/15 | €13,156 | €20,966 | +€7,811 | +59.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €7,156 | €14,966 | +€7,811 | +109.2% |
| Distributable reserves | 133 | €7,156 | €14,966 | +€7,811 | +109.2% |
| Amounts payable | 17/49 | €56,537 | €182,452 | +€125,914 | +222.7% |
| Amounts payable after more than one year | 17 | - | €102,765 | +€102,765 | |
| Financial debts | 170/4 | - | €102,765 | +€102,765 | |
| Amounts payable within one year | 42/48 | €36,739 | €79,687 | +€42,948 | +116.9% |
| Current portion of amounts payable after more than one year | 42 | - | €28,657 | +€28,657 | |
| Financial debts | 43 | €2,426 | €0 | -€2,426 | -100.0% |
| Credit institutions | 430/8 | €2,426 | €0 | -€2,426 | -100.0% |
| Trade debts | 44 | €28,668 | €28,979 | +€311 | +1.1% |
| Suppliers | 440/4 | €28,668 | €28,979 | +€311 | +1.1% |
| Taxes, remuneration and social security | 45 | €5,646 | €13,388 | +€7,742 | +137.1% |
| Taxes | 450/3 | €5,646 | €10,284 | +€4,638 | +82.2% |
| Remuneration and social security | 454/9 | - | €3,104 | +€3,104 | |
| Other amounts payable | 47/48 | - | €8,663 | +€8,663 | |
| Accrued charges and deferred income | 492/3 | €19,798 | €0 | -€19,798 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,425 | €40,309 | +€31,884 | +378.5% |
| Other operating charges | 640/8 | €1,796 | €2,729 | +€933 | +52.0% |
| Gross operating margin | 9900 | €21,788 | €61,506 | +€39,718 | +182.3% |
| Operating profit (loss) | 9901 | €11,567 | €18,467 | +€6,901 | +59.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €4 | €4,045 | +€4,041 | +112260.0% |
| Recurring financial charges | 65 | €4 | €4,045 | +€4,041 | +112260.0% |
| Profit (loss) for the period before taxes | 9903 | €11,563 | €14,422 | +€2,859 | +24.7% |
| Income taxes | 67/77 | €4,408 | €6,612 | +€2,204 | +50.0% |
| Profit (loss) for the period | 9904 | €7,156 | €7,811 | +€655 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,156 | €7,811 | +€655 | +9.2% |
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 2 October 2026 via checked.be.