CORMECO: 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.
CORMECO
Largest movements
- Cash +€24,990
up €24,990 (+9029.0%), from €277 to €25,266
mainly Accrued charges and deferred income (+€25,051) and Receivables within one year (+€8,577)
- Stocks and contracts +€22,000
up €22,000 (+53.7%), from €41,000 to €63,000
of which Contracts in progress: +€31,000
- Receivables within one year -€8,577
down €8,577 (-15.5%), from €55,369 to €46,793
of which Trade receivables: -€8,755
- Tangible fixed assets -€5,504
down €5,504 (-18.3%), from €30,072 to €24,568
of which Plant, machinery and equipment: -€8,169
- Accrued charges and deferred income +€25,051
new in 2025: €25,051
- Trade debts +€8,233
up €8,233 (+13.6%), from €60,431 to €68,664
- Debts after one year -€8,011
down €8,011 (-32.2%), from €24,861 to €16,850
- Other debts +€3,690
up €3,690 (+112.7%), from €3,275 to €6,965
- Reserves +€1,787
up €1,787 (+8.5%), from €21,066 to €22,853
- Staff costs -€35,511
down €35,511 (-99.9%), from €35,530 to €19
- Gross operating margin -€33,867
down €33,867 (-68.8%), from €49,204 to €15,338
- Financial charges -€1,160
down €1,160 (-22.7%), from €5,117 to €3,957
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 | €126,718 | €159,627 | +€32,909 | +26.0% |
| Fixed assets | 21/28 | €30,072 | €24,568 | -€5,504 | -18.3% |
| Tangible fixed assets | 22/27 | €30,072 | €24,568 | -€5,504 | -18.3% |
| Plant, machinery and equipment | 23 | €30,072 | €21,903 | -€8,169 | -27.2% |
| Furniture and vehicles | 24 | - | €2,665 | +€2,665 | |
| Current assets | 29/58 | €96,646 | €135,059 | +€38,413 | +39.7% |
| Stocks and contracts in progress | 3 | €41,000 | €63,000 | +€22,000 | +53.7% |
| Stocks | 30/36 | €15,000 | €6,000 | -€9,000 | -60.0% |
| Contracts in progress | 37 | €26,000 | €57,000 | +€31,000 | +119.2% |
| Amounts receivable within one year | 40/41 | €55,369 | €46,793 | -€8,577 | -15.5% |
| Trade receivables | 40 | €55,369 | €46,614 | -€8,755 | -15.8% |
| Other amounts receivable | 41 | €0 | €178 | +€178 | |
| Cash at bank and in hand | 54/58 | €277 | €25,266 | +€24,990 | +9029.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €126,718 | €159,627 | +€32,909 | +26.0% |
| Equity | 10/15 | €24,066 | €25,853 | +€1,787 | +7.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,066 | €22,853 | +€1,787 | +8.5% |
| Distributable reserves | 133 | €21,066 | €22,853 | +€1,787 | +8.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €102,652 | €133,774 | +€31,122 | +30.3% |
| Amounts payable after more than one year | 17 | €24,861 | €16,850 | -€8,011 | -32.2% |
| Financial debts | 170/4 | €24,861 | €16,850 | -€8,011 | -32.2% |
| Amounts payable within one year | 42/48 | €77,791 | €91,872 | +€14,081 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €7,518 | €8,011 | +€493 | +6.6% |
| Trade debts | 44 | €60,431 | €68,664 | +€8,233 | +13.6% |
| Suppliers | 440/4 | €60,431 | €68,664 | +€8,233 | +13.6% |
| Taxes, remuneration and social security | 45 | €6,567 | €8,232 | +€1,666 | +25.4% |
| Taxes | 450/3 | €4,817 | €8,232 | +€3,416 | +70.9% |
| Remuneration and social security | 454/9 | €1,750 | €0 | -€1,750 | -100.0% |
| Other amounts payable | 47/48 | €3,275 | €6,965 | +€3,690 | +112.7% |
| Accrued charges and deferred income | 492/3 | - | €25,051 | +€25,051 | |
| Remuneration, social security and pensions | 62 | €35,530 | €19 | -€35,511 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,169 | €8,504 | +€335 | +4.1% |
| Other operating charges | 640/8 | €125 | €494 | +€368 | +294.5% |
| Gross operating margin | 9900 | €49,204 | €15,338 | -€33,867 | -68.8% |
| Operating profit (loss) | 9901 | €5,380 | €6,321 | +€940 | +17.5% |
| Financial income | 75/76B | €59 | €20 | -€40 | -66.8% |
| Recurring financial income | 75 | €59 | €20 | -€40 | -66.8% |
| Financial charges | 65/66B | €5,117 | €3,957 | -€1,160 | -22.7% |
| Recurring financial charges | 65 | €5,117 | €3,957 | -€1,160 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €323 | €2,384 | +€2,060 | +637.6% |
| Income taxes | 67/77 | €169 | €596 | +€427 | +252.1% |
| Profit (loss) for the period | 9904 | €154 | €1,787 | +€1,633 | +1062.1% |
| Profit (loss) for the period to be appropriated | 9905 | €154 | €1,787 | +€1,633 | +1062.1% |
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 7 October 2026 via checked.be.