CORPAR: 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.
CORPAR
Largest movements
- Receivables after one year -€867,770
down €867,770 (-99.4%), from €873,127 to €5,356
- Receivables within one year -€583,952
down €583,952 (-88.5%), from €659,717 to €75,765
of which Other amounts receivable: -€583,952
- Cash -€419,251
down €419,251 (-73.7%), from €568,660 to €149,408
mainly Net result for the year (-€1.3m) and Investment in fixed assets (net) (-€413,758)
- Financial fixed assets +€413,758
up €413,758 (+5.7%), from €7.2m to €7.6m
- Profit (loss) carried forward -€1.3m
down €1.3m (-29.2%), from -€4.5m to -€5.9m
- Accrued charges and deferred income -€129,815
down €129,815 (-63.3%), from €205,209 to €75,394
- Financial income +€63,633
up €63,633 (+30.2%), from €210,490 to €274,123
of which Non-recurring financial income: +€112,897
- Financial charges +€40,473
up €40,473 (+2.7%), from €1.5m to €1.6m
of which Non-recurring financial charges: +€23,698
- Gross operating margin -€20,010
down €20,010 (-269.0%), from -€7,440 to -€27,450
- Depreciation +€667
up €667 (+182.9%), from €365 to €1,032
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,731,445 | €8,275,722 | -€1.5m | -15.0% |
| Fixed assets | 21/28 | €7,226,795 | €7,639,521 | +€412,726 | +5.7% |
| Tangible fixed assets | 22/27 | €2,730 | €1,699 | -€1,032 | -37.8% |
| Furniture and vehicles | 24 | €2,730 | €1,699 | -€1,032 | -37.8% |
| Financial fixed assets | 28 | €7,224,065 | €7,637,823 | +€413,758 | +5.7% |
| Current assets | 29/58 | €2,504,650 | €636,201 | -€1.9m | -74.6% |
| Amounts receivable after more than one year | 29 | €873,127 | €5,356 | -€867,770 | -99.4% |
| Other amounts receivable | 291 | €873,127 | €5,356 | -€867,770 | -99.4% |
| Amounts receivable within one year | 40/41 | €659,717 | €75,765 | -€583,952 | -88.5% |
| Trade receivables | 40 | €12,317 | €12,317 | = | 0.0% |
| Other amounts receivable | 41 | €647,400 | €63,448 | -€583,952 | -90.2% |
| Current investments | 50/53 | €401,305 | €400,000 | -€1,305 | -0.3% |
| Cash at bank and in hand | 54/58 | €568,660 | €149,408 | -€419,251 | -73.7% |
| Deferred charges and accrued income | 490/1 | €1,843 | €5,672 | +€3,830 | +207.8% |
| Total equity and liabilities | 10/49 | €9,731,445 | €8,275,722 | -€1.5m | -15.0% |
| Equity | 10/15 | €4,188,184 | €2,865,724 | -€1.3m | -31.6% |
| Contributions | 10/11 | €4,282,000 | €4,282,000 | = | 0.0% |
| Capital | 10 | €4,200,000 | €4,200,000 | = | 0.0% |
| Issued capital | 100 | €4,200,000 | €4,200,000 | = | 0.0% |
| Outside capital | 11 | €82,000 | €82,000 | = | 0.0% |
| Share premium | 1100/10 | €82,000 | €82,000 | = | 0.0% |
| Reserves | 13 | €4,435,500 | €4,435,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €240,500 | €240,500 | = | 0.0% |
| Legal reserve | 130 | €240,500 | €240,500 | = | 0.0% |
| Distributable reserves | 133 | €4,195,000 | €4,195,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,529,316 | -€5,851,776 | -€1.3m | -29.2% |
| Amounts payable | 17/49 | €5,543,261 | €5,409,999 | -€133,262 | -2.4% |
| Amounts payable within one year | 42/48 | €5,338,052 | €5,334,605 | -€3,447 | -0.1% |
| Financial debts | 43 | €1,700,000 | €1,700,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,700,000 | €1,700,000 | = | 0.0% |
| Trade debts | 44 | €3,504 | €928 | -€2,576 | -73.5% |
| Suppliers | 440/4 | €3,504 | €928 | -€2,576 | -73.5% |
| Taxes, remuneration and social security | 45 | €871 | - | -€871 | |
| Taxes | 450/3 | €871 | - | -€871 | |
| Other amounts payable | 47/48 | €3,633,678 | €3,633,678 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €205,209 | €75,394 | -€129,815 | -63.3% |
| Non-recurring operating income | 76A | €4,690 | - | -€4,690 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €1,032 | +€667 | +182.9% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€7,440 | -€27,450 | -€20,010 | -269.0% |
| Operating profit (loss) | 9901 | -€8,764 | -€29,449 | -€20,685 | -236.0% |
| Financial income | 75/76B | €210,490 | €274,123 | +€63,633 | +30.2% |
| Recurring financial income | 75 | €210,490 | €161,226 | -€49,264 | -23.4% |
| Non-recurring financial income | 76B | - | €112,897 | +€112,897 | |
| Financial charges | 65/66B | €1,526,662 | €1,567,134 | +€40,473 | +2.7% |
| Recurring financial charges | 65 | €60,510 | €77,285 | +€16,774 | +27.7% |
| Non-recurring financial charges | 66B | €1,466,151 | €1,489,850 | +€23,698 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,324,936 | -€1,322,461 | +€2,476 | +0.2% |
| Income taxes | 67/77 | -€62 | - | +€62 | |
| Profit (loss) for the period | 9904 | -€1,324,874 | -€1,322,461 | +€2,413 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,324,874 | -€1,322,461 | +€2,413 | +0.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.