CORONA PRINT: 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.
CORONA PRINT
Largest movements
- Stocks and contracts +€285,190
up €285,190 (+411%), from €69,462 to €354,652
- Receivables within one year -€159,303
down €159,303 (-27.0%), from €588,923 to €429,620
of which Trade receivables: -€219,733
- Cash +€14,983
up €14,983 (+291%), from €5,148 to €20,131
mainly Trade debts (+€363,636) and Receivables within one year (+€159,303)
- Trade debts +€363,636
up €363,636 (+23,325%), from €1,559 to €365,195
- Short-term financial debts -€192,000
no longer reported in 2025 (was €192,000)
- Profit (loss) carried forward -€36,342
down €36,342 (-177%), from -€20,482 to -€56,824
- Current portion of long-term debt +€19,831
up €19,831 (+72.5%), from €27,343 to €47,174
- Tax, wage and social debts -€16,677
down €16,677 (-63.4%), from €26,296 to €9,619
of which Taxes: -€15,095
- Gross operating margin -€182,689
down €182,689 (-37.2%), from €490,703 to €308,014
- Staff costs -€25,112
down €25,112 (-8.1%), from €311,950 to €286,838
- Depreciation -€20,409
down €20,409 (-61.7%), from €33,056 to €12,647
- Financial charges -€17,834
down €17,834 (-50.4%), from €35,364 to €17,530
- Taxes -€11,937
down €11,937 (-58.0%), from €20,572 to €8,635
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.
Derived cash bridge
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 | €1,056,963 | €1,192,678 | +€135,715 | +12.8% |
| Fixed assets | 21/28 | €388,415 | €388,275 | -€140 | 0.0% |
| Tangible fixed assets | 22/27 | €384,835 | €384,695 | -€140 | 0.0% |
| Land and buildings | 22 | €357,200 | €357,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,600 | €5,509 | -€2,091 | -27.5% |
| Furniture and vehicles | 24 | €20,035 | €21,986 | +€1,951 | +9.7% |
| Financial fixed assets | 28 | €3,580 | €3,580 | = | 0.0% |
| Current assets | 29/58 | €668,548 | €804,403 | +€135,855 | +20.3% |
| Stocks and contracts in progress | 3 | €69,462 | €354,652 | +€285,190 | +411% |
| Stocks | 30/36 | €69,462 | €354,652 | +€285,190 | +411% |
| Amounts receivable within one year | 40/41 | €588,923 | €429,620 | -€159,303 | -27.0% |
| Trade receivables | 40 | €477,139 | €257,406 | -€219,733 | -46.1% |
| Other amounts receivable | 41 | €111,784 | €172,214 | +€60,430 | +54.1% |
| Current investments | 50/53 | €5,015 | - | -€5,015 | |
| Cash at bank and in hand | 54/58 | €5,148 | €20,131 | +€14,983 | +291% |
| Total equity and liabilities | 10/49 | €1,056,963 | €1,192,678 | +€135,715 | +12.8% |
| Equity | 10/15 | €676,749 | €640,407 | -€36,342 | -5.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €135,877 | €135,877 | = | 0.0% |
| Reserves | 13 | €542,762 | €542,762 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €275,881 | €275,881 | = | 0.0% |
| Distributable reserves | 133 | €265,022 | €265,022 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,482 | -€56,824 | -€36,342 | -177% |
| Amounts payable | 17/49 | €380,214 | €552,271 | +€172,057 | +45.3% |
| Amounts payable after more than one year | 17 | €88,016 | €85,283 | -€2,733 | -3.1% |
| Financial debts | 170/4 | €88,016 | €85,283 | -€2,733 | -3.1% |
| Amounts payable within one year | 42/48 | €292,198 | €466,988 | +€174,790 | +59.8% |
| Current portion of amounts payable after more than one year | 42 | €27,343 | €47,174 | +€19,831 | +72.5% |
| Financial debts | 43 | €192,000 | - | -€192,000 | |
| Credit institutions | 430/8 | €192,000 | - | -€192,000 | |
| Trade debts | 44 | €1,559 | €365,195 | +€363,636 | +23,325% |
| Suppliers | 440/4 | €1,559 | €365,195 | +€363,636 | +23,325% |
| Taxes, remuneration and social security | 45 | €26,296 | €9,619 | -€16,677 | -63.4% |
| Taxes | 450/3 | €19,180 | €4,085 | -€15,095 | -78.7% |
| Remuneration and social security | 454/9 | €7,116 | €5,534 | -€1,582 | -22.2% |
| Other amounts payable | 47/48 | €45,000 | €45,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €311,950 | €286,838 | -€25,112 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,056 | €12,647 | -€20,409 | -61.7% |
| Other operating charges | 640/8 | €25,979 | €18,706 | -€7,273 | -28.0% |
| Non-recurring operating charges | 66A | €8,216 | - | -€8,216 | |
| Gross operating margin | 9900 | €490,703 | €308,014 | -€182,689 | -37.2% |
| Operating profit (loss) | 9901 | €111,502 | -€10,177 | -€121,679 | |
| Financial charges | 65/66B | €35,364 | €17,530 | -€17,834 | -50.4% |
| Recurring financial charges | 65 | €35,364 | €17,530 | -€17,834 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €76,138 | -€27,707 | -€103,845 | |
| Income taxes | 67/77 | €20,572 | €8,635 | -€11,937 | -58.0% |
| Profit (loss) for the period | 9904 | €55,566 | -€36,342 | -€91,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,566 | -€36,342 | -€91,908 |
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 16 October 2026 via checked.be.