CORLO: 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.
CORLO
Largest movements
- Cash +€400,003
up €400,003 (+882.7%), from €45,316 to €445,318
mainly Debts after one year (+€519,356) and Net result for the year (+€458,285)
- Receivables within one year -€283,199
down €283,199 (-58.0%), from €488,248 to €205,049
of which Other amounts receivable: -€299,525
- Intangible fixed assets -€96,000
down €96,000 (-23.5%), from €407,869 to €311,869
- Other debts -€624,785
down €624,785 (-64.1%), from €974,785 to €350,000
- Debts after one year +€519,356
up €519,356 (+47.2%), from €1.1m to €1.6m
- Reserves +€108,285
up €108,285 (+13.5%), from €799,382 to €907,667
- Tax, wage and social debts -€41,301
down €41,301 (-40.0%), from €103,378 to €62,077
of which Taxes: -€33,579
- Accrued charges and deferred income +€32,924
up €32,924 (+429.2%), from €7,670 to €40,594
- Staff costs +€55,355
up €55,355 (+7.5%), from €736,374 to €791,729
- Financial charges +€38,519
up €38,519 (+124.7%), from €30,879 to €69,398
- Gross operating margin +€27,670
up €27,670 (+1.7%), from €1.7m to €1.7m
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 | €3,225,895 | €3,236,590 | +€10,695 | +0.3% |
| Fixed assets | 21/28 | €2,662,351 | €2,568,704 | -€93,647 | -3.5% |
| Intangible fixed assets | 21 | €407,869 | €311,869 | -€96,000 | -23.5% |
| Tangible fixed assets | 22/27 | €2,254,432 | €2,256,786 | +€2,353 | +0.1% |
| Land and buildings | 22 | €1,795,398 | €1,755,848 | -€39,551 | -2.2% |
| Plant, machinery and equipment | 23 | €1,705 | €10,625 | +€8,920 | +523.2% |
| Furniture and vehicles | 24 | €390,544 | €368,050 | -€22,494 | -5.8% |
| Other tangible fixed assets | 26 | €66,785 | €122,263 | +€55,478 | +83.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €563,544 | €667,886 | +€104,342 | +18.5% |
| Amounts receivable within one year | 40/41 | €488,248 | €205,049 | -€283,199 | -58.0% |
| Trade receivables | 40 | €167,773 | €184,098 | +€16,325 | +9.7% |
| Other amounts receivable | 41 | €320,475 | €20,951 | -€299,525 | -93.5% |
| Cash at bank and in hand | 54/58 | €45,316 | €445,318 | +€400,003 | +882.7% |
| Deferred charges and accrued income | 490/1 | €29,980 | €17,519 | -€12,461 | -41.6% |
| Total equity and liabilities | 10/49 | €3,225,895 | €3,236,590 | +€10,695 | +0.3% |
| Equity | 10/15 | €817,932 | €926,217 | +€108,285 | +13.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €799,382 | €907,667 | +€108,285 | +13.5% |
| Distributable reserves | 133 | €799,382 | €907,667 | +€108,285 | +13.5% |
| Amounts payable | 17/49 | €2,407,963 | €2,310,373 | -€97,590 | -4.1% |
| Amounts payable after more than one year | 17 | €1,100,632 | €1,619,988 | +€519,356 | +47.2% |
| Financial debts | 170/4 | €1,100,632 | €1,619,988 | +€519,356 | +47.2% |
| Amounts payable within one year | 42/48 | €1,299,661 | €649,792 | -€649,869 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €157,811 | €179,853 | +€22,042 | +14.0% |
| Financial debts | 43 | - | €16,703 | +€16,703 | |
| Credit institutions | 430/8 | - | €16,703 | +€16,703 | |
| Trade debts | 44 | €63,687 | €41,159 | -€22,528 | -35.4% |
| Suppliers | 440/4 | €63,687 | €41,159 | -€22,528 | -35.4% |
| Taxes, remuneration and social security | 45 | €103,378 | €62,077 | -€41,301 | -40.0% |
| Taxes | 450/3 | €33,579 | - | -€33,579 | |
| Remuneration and social security | 454/9 | €69,799 | €62,077 | -€7,722 | -11.1% |
| Other amounts payable | 47/48 | €974,785 | €350,000 | -€624,785 | -64.1% |
| Accrued charges and deferred income | 492/3 | €7,670 | €40,594 | +€32,924 | +429.2% |
| Non-recurring operating income | 76A | - | €29,600 | +€29,600 | |
| Remuneration, social security and pensions | 62 | €736,374 | €791,729 | +€55,355 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286,110 | €287,766 | +€1,656 | +0.6% |
| Other operating charges | 640/8 | €9,130 | €14,284 | +€5,154 | +56.5% |
| Gross operating margin | 9900 | €1,652,952 | €1,680,622 | +€27,670 | +1.7% |
| Operating profit (loss) | 9901 | €621,339 | €586,843 | -€34,495 | -5.6% |
| Financial income | 75/76B | €4,443 | €9,929 | +€5,486 | +123.5% |
| Recurring financial income | 75 | €4,443 | €9,929 | +€5,486 | +123.5% |
| Financial charges | 65/66B | €30,879 | €69,398 | +€38,519 | +124.7% |
| Recurring financial charges | 65 | €30,879 | €69,398 | +€38,519 | +124.7% |
| Profit (loss) for the period before taxes | 9903 | €594,903 | €527,374 | -€67,529 | -11.4% |
| Income taxes | 67/77 | €73,049 | €69,089 | -€3,960 | -5.4% |
| Profit (loss) for the period | 9904 | €521,854 | €458,285 | -€63,569 | -12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €521,854 | €458,285 | -€63,569 | -12.2% |
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 11 October 2026 via checked.be.