COROA: 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.
COROA
Largest movements
- Tangible fixed assets -€6,297
down €6,297 (-2.6%), from €244,344 to €238,047
of which Land and buildings: -€7,997
- Cash -€3,862
down €3,862 (-21.2%), from €18,203 to €14,342
mainly Debts after one year (-€24,198) and Investment in fixed assets (net) (-€7,494)
- Debts after one year -€24,198
down €24,198 (-14.0%), from €172,377 to €148,179
- Reserves +€13,039
up €13,039 (+97.5%), from €13,373 to €26,412
- Taxes +€4,079
up €4,079 (+172.8%), from €2,360 to €6,439
- Other operating charges -€2,083
down €2,083 (-91.5%), from €2,276 to €193
- Gross operating margin +€1,299
up €1,299 (+3.6%), from €36,374 to €37,673
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 | €264,068 | €252,485 | -€11,583 | -4.4% |
| Fixed assets | 21/28 | €244,344 | €238,047 | -€6,297 | -2.6% |
| Tangible fixed assets | 22/27 | €244,344 | €238,047 | -€6,297 | -2.6% |
| Land and buildings | 22 | €215,973 | €207,976 | -€7,997 | -3.7% |
| Plant, machinery and equipment | 23 | €1,367 | €953 | -€414 | -30.3% |
| Furniture and vehicles | 24 | €2,578 | €1,398 | -€1,180 | -45.8% |
| Other tangible fixed assets | 26 | €24,427 | €27,720 | +€3,293 | +13.5% |
| Current assets | 29/58 | €19,724 | €14,439 | -€5,285 | -26.8% |
| Amounts receivable within one year | 40/41 | €1,521 | €97 | -€1,424 | -93.6% |
| Trade receivables | 40 | €1,521 | €97 | -€1,424 | -93.6% |
| Cash at bank and in hand | 54/58 | €18,203 | €14,342 | -€3,862 | -21.2% |
| Total equity and liabilities | 10/49 | €264,068 | €252,485 | -€11,583 | -4.4% |
| Equity | 10/15 | €42,973 | €56,012 | +€13,039 | +30.3% |
| Contributions | 10/11 | €34,000 | €34,000 | = | 0.0% |
| Reserves | 13 | €13,373 | €26,412 | +€13,039 | +97.5% |
| Distributable reserves | 133 | €13,373 | €26,412 | +€13,039 | +97.5% |
| Profit (loss) carried forward | 14 | -€4,399 | -€4,399 | = | 0.0% |
| Amounts payable | 17/49 | €221,095 | €196,473 | -€24,622 | -11.1% |
| Amounts payable after more than one year | 17 | €172,377 | €148,179 | -€24,198 | -14.0% |
| Financial debts | 170/4 | €172,377 | €148,179 | -€24,198 | -14.0% |
| Amounts payable within one year | 42/48 | €48,718 | €48,294 | -€424 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €23,875 | €24,198 | +€323 | +1.4% |
| Trade debts | 44 | €2,651 | €497 | -€2,155 | -81.3% |
| Suppliers | 440/4 | €2,651 | €497 | -€2,155 | -81.3% |
| Taxes, remuneration and social security | 45 | €3,395 | €4,850 | +€1,455 | +42.9% |
| Taxes | 450/3 | €3,395 | €4,850 | +€1,455 | +42.9% |
| Other amounts payable | 47/48 | €18,797 | €18,750 | -€47 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,921 | €13,791 | -€129 | -0.9% |
| Other operating charges | 640/8 | €2,276 | €193 | -€2,083 | -91.5% |
| Gross operating margin | 9900 | €36,374 | €37,673 | +€1,299 | +3.6% |
| Operating profit (loss) | 9901 | €20,178 | €23,689 | +€3,511 | +17.4% |
| Financial charges | 65/66B | €4,445 | €4,210 | -€234 | -5.3% |
| Recurring financial charges | 65 | €4,445 | €4,210 | -€234 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €15,733 | €19,478 | +€3,746 | +23.8% |
| Income taxes | 67/77 | €2,360 | €6,439 | +€4,079 | +172.8% |
| Profit (loss) for the period | 9904 | €13,373 | €13,039 | -€333 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,373 | €13,039 | -€333 | -2.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.