CORPO RED: 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.
CORPO RED
Largest movements
- Receivables within one year +€56,464
up €56,464 (+313%), from €18,035 to €74,498
of which Trade receivables: +€56,769
- Stocks and contracts +€8,431
new in 2025: €8,431
- Cash -€7,380
down €7,380 (-86.1%), from €8,569 to €1,189
mainly Receivables within one year (-€56,464) and Stocks and contracts (-€8,431)
- Deferred charges and accrued income +€7,233
up €7,233 (+131%), from €5,525 to €12,758
- Trade debts +€42,853
up €42,853 (+502%), from €8,534 to €51,387
- Other debts +€30,635
up €30,635 (+138%), from €22,173 to €52,809
- Profit (loss) carried forward -€4,942
down €4,942 (-100%), from -€4,932 to -€9,875
- Tax, wage and social debts -€4,153
down €4,153 (-70.8%), from €5,866 to €1,713
- Gross operating margin +€11,153
up €11,153, from -€8,565 to €2,589
- Financial charges +€2,657
up €2,657 (+192%), from €1,387 to €4,044
- Taxes -€1,226
down €1,226 (-61.5%), from €1,993 to €768
- Other operating charges +€1,139
up €1,139 (+126%), from €904 to €2,043
- Depreciation +€128
up €128 (+23.4%), from €548 to €676
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 | €33,641 | €98,034 | +€64,393 | +191% |
| Fixed assets | 21/28 | €1,512 | €1,157 | -€355 | -23.5% |
| Tangible fixed assets | 22/27 | €1,149 | €794 | -€355 | -30.9% |
| Furniture and vehicles | 24 | €1,149 | €794 | -€355 | -30.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €32,129 | €96,876 | +€64,747 | +202% |
| Stocks and contracts in progress | 3 | - | €8,431 | +€8,431 | |
| Stocks | 30/36 | - | €8,431 | +€8,431 | |
| Amounts receivable within one year | 40/41 | €18,035 | €74,498 | +€56,464 | +313% |
| Trade receivables | 40 | €6,156 | €62,925 | +€56,769 | +922% |
| Other amounts receivable | 41 | €11,878 | €11,573 | -€305 | -2.6% |
| Cash at bank and in hand | 54/58 | €8,569 | €1,189 | -€7,380 | -86.1% |
| Deferred charges and accrued income | 490/1 | €5,525 | €12,758 | +€7,233 | +131% |
| Total equity and liabilities | 10/49 | €33,641 | €98,034 | +€64,393 | +191% |
| Equity | 10/15 | -€2,932 | -€7,875 | -€4,942 | -169% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,932 | -€9,875 | -€4,942 | -100% |
| Amounts payable | 17/49 | €36,574 | €105,908 | +€69,335 | +190% |
| Amounts payable within one year | 42/48 | €36,574 | €105,908 | +€69,335 | +190% |
| Trade debts | 44 | €8,534 | €51,387 | +€42,853 | +502% |
| Suppliers | 440/4 | €8,534 | €51,387 | +€42,853 | +502% |
| Taxes, remuneration and social security | 45 | €5,866 | €1,713 | -€4,153 | -70.8% |
| Taxes | 450/3 | €5,866 | €1,713 | -€4,153 | -70.8% |
| Other amounts payable | 47/48 | €22,173 | €52,809 | +€30,635 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €548 | €676 | +€128 | +23.4% |
| Other operating charges | 640/8 | €904 | €2,043 | +€1,139 | +126% |
| Gross operating margin | 9900 | -€8,565 | €2,589 | +€11,153 | |
| Operating profit (loss) | 9901 | -€10,016 | -€130 | +€9,886 | +98.7% |
| Financial income | 75/76B | €51 | - | -€51 | |
| Recurring financial income | 75 | €51 | - | -€51 | |
| Financial charges | 65/66B | €1,387 | €4,044 | +€2,657 | +192% |
| Recurring financial charges | 65 | €1,387 | €4,044 | +€2,657 | +192% |
| Profit (loss) for the period before taxes | 9903 | -€11,352 | -€4,174 | +€7,178 | +63.2% |
| Income taxes | 67/77 | €1,993 | €768 | -€1,226 | -61.5% |
| Profit (loss) for the period | 9904 | -€13,345 | -€4,942 | +€8,403 | +63.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,345 | -€4,942 | +€8,403 | +63.0% |
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 14 October 2026 via checked.be.