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CORPOURAGE: 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.

What changed

CORPOURAGE

BE 0700.453.232
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€4,491
2024 · -€3,829-€661
Equity
€2,468
2024 · €6,958-€4,491
Cash
€2,960
2024 · €5,839-€2,879
Balance sheet total
€3,460
2024 · €8,543-€5,083

Largest movements

2024 to 2025
Assets
  • Cash -€2,879

    down €2,879 (-49.3%), from €5,839 to €2,960

    mainly Net result for the year (-€4,491) and Other debts (-€1,422)

  • Receivables within one year -€1,541

    down €1,541 (-100.0%), from €1,541 to €0

    of which Trade receivables: -€1,541

  • Tangible fixed assets -€542

    down €542 (-100.0%), from €542 to €0

  • Deferred charges and accrued income -€121

    down €121 (-100.0%), from €121 to €0

Equity and liabilities
  • Profit (loss) carried forward -€4,491

    down €4,491 (-16.1%), from -€27,862 to -€32,352

  • Other debts -€1,422

    down €1,422 (-89.7%), from €1,585 to €162

  • Trade debts +€830

    new in 2025: €830

Income statement
  • Other operating charges +€400

    new in 2025: €400

  • Gross operating margin -€305

    down €305 (-9.9%), from -€3,072 to -€3,378

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 -€3,829
Gross operating margin -€305
Depreciation +€4
Other operating charges -€400
Financial income +€19
Financial charges +€20
Result 2025 -€4,491

Cash bridge derived

cash 2024 to 2025

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.

From operations -€2,879
Investment €0
Financing €0
Cash 2024 €5,839
Net result for the year -€4,491
Depreciation +€542
Receivables within one year +€1,541
Deferred charges and accrued income +€121
Trade debts +€830
Other debts -€1,422
Cash 2025 €2,960
Every line side by side 33 lines
Line Code 2024 2025 Change %
Total assets 20/58 €8,543 €3,460 -€5,083 -59.5%
Fixed assets 21/28 €1,042 €500 -€542 -52.0%
Tangible fixed assets 22/27 €542 €0 -€542 -100.0%
Furniture and vehicles 24 €542 €0 -€542 -100.0%
Financial fixed assets 28 €500 €500 = 0.0%
Current assets 29/58 €7,501 €2,960 -€4,541 -60.5%
Amounts receivable within one year 40/41 €1,541 €0 -€1,541 -100.0%
Trade receivables 40 €1,541 €0 -€1,541 -100.0%
Other amounts receivable 41 €0 - =
Cash at bank and in hand 54/58 €5,839 €2,960 -€2,879 -49.3%
Deferred charges and accrued income 490/1 €121 €0 -€121 -100.0%
Total equity and liabilities 10/49 €8,543 €3,460 -€5,083 -59.5%
Equity 10/15 €6,958 €2,468 -€4,491 -64.5%
Contributions 10/11 €6,200 €6,200 = 0.0%
Reserves 13 €28,620 €28,620 = 0.0%
Distributable reserves 133 €28,620 €28,620 = 0.0%
Profit (loss) carried forward 14 -€27,862 -€32,352 -€4,491 -16.1%
Amounts payable 17/49 €1,585 €992 -€593 -37.4%
Amounts payable within one year 42/48 €1,585 €992 -€593 -37.4%
Trade debts 44 - €830 +€830
Suppliers 440/4 - €830 +€830
Other amounts payable 47/48 €1,585 €162 -€1,422 -89.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €546 €542 -€4 -0.8%
Other operating charges 640/8 - €400 +€400
Gross operating margin 9900 -€3,072 -€3,378 -€305 -9.9%
Operating profit (loss) 9901 -€3,619 -€4,320 -€701 -19.4%
Financial income 75/76B €0 €19 +€19
Recurring financial income 75 €0 €19 +€19
Financial charges 65/66B €211 €190 -€20 -9.7%
Recurring financial charges 65 €211 €190 -€20 -9.7%
Profit (loss) for the period before taxes 9903 -€3,829 -€4,491 -€661 -17.3%
Profit (loss) for the period 9904 -€3,829 -€4,491 -€661 -17.3%
Profit (loss) for the period to be appropriated 9905 -€3,829 -€4,491 -€661 -17.3%

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 30 September 2026 via checked.be.