CORRAL: 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.
CORRAL
Largest movements
- Receivables within one year -€61,631
down €61,631 (-2.9%), from €2.1m to €2.1m
of which Trade receivables: -€92,200
- Cash -€59,263
down €59,263 (-14.9%), from €397,510 to €338,247
mainly Tax, wage and social debts (-€131,417) and Investment in fixed assets (net) (-€70,878)
- Deferred charges and accrued income +€47,560
up €47,560 (+42.4%), from €112,289 to €159,849
- Tax, wage and social debts -€131,417
down €131,417 (-39.9%), from €329,361 to €197,944
of which Taxes: -€133,574
- Reserves +€36,768
up €36,768 (+6.4%), from €579,026 to €615,795
of which Distributable reserves: +€36,768
- Gross operating margin +€134,691
up €134,691 (+8.5%), from €1.6m to €1.7m
- Staff costs +€123,208
up €123,208 (+8.6%), from €1.4m to €1.5m
- Other operating charges +€31,697
up €31,697 (+74.2%), from €42,735 to €74,432
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 | €2,747,440 | €2,674,747 | -€72,693 | -2.6% |
| Fixed assets | 21/28 | €97,947 | €98,587 | +€641 | +0.7% |
| Intangible fixed assets | 21 | €9,790 | €2,960 | -€6,830 | -69.8% |
| Tangible fixed assets | 22/27 | €83,857 | €91,328 | +€7,471 | +8.9% |
| Plant, machinery and equipment | 23 | €6,338 | €8,334 | +€1,995 | +31.5% |
| Furniture and vehicles | 24 | €74,035 | €61,101 | -€12,934 | -17.5% |
| Other tangible fixed assets | 26 | €3,484 | €21,893 | +€18,410 | +528.5% |
| Financial fixed assets | 28 | €4,300 | €4,300 | = | 0.0% |
| Current assets | 29/58 | €2,649,493 | €2,576,160 | -€73,333 | -2.8% |
| Amounts receivable within one year | 40/41 | €2,139,695 | €2,078,064 | -€61,631 | -2.9% |
| Trade receivables | 40 | €1,358,926 | €1,266,725 | -€92,200 | -6.8% |
| Other amounts receivable | 41 | €780,769 | €811,339 | +€30,570 | +3.9% |
| Cash at bank and in hand | 54/58 | €397,510 | €338,247 | -€59,263 | -14.9% |
| Deferred charges and accrued income | 490/1 | €112,289 | €159,849 | +€47,560 | +42.4% |
| Total equity and liabilities | 10/49 | €2,747,440 | €2,674,747 | -€72,693 | -2.6% |
| Equity | 10/15 | €641,026 | €677,795 | +€36,768 | +5.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €579,026 | €615,795 | +€36,768 | +6.4% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €572,826 | €609,595 | +€36,768 | +6.4% |
| Amounts payable | 17/49 | €2,106,414 | €1,996,953 | -€109,461 | -5.2% |
| Amounts payable within one year | 42/48 | €2,106,414 | €1,996,953 | -€109,461 | -5.2% |
| Financial debts | 43 | €19,972 | €17,842 | -€2,130 | -10.7% |
| Other loans | 439 | €19,972 | €17,842 | -€2,130 | -10.7% |
| Trade debts | 44 | €1,757,081 | €1,781,167 | +€24,086 | +1.4% |
| Suppliers | 440/4 | €1,757,081 | €1,781,167 | +€24,086 | +1.4% |
| Taxes, remuneration and social security | 45 | €329,361 | €197,944 | -€131,417 | -39.9% |
| Taxes | 450/3 | €158,004 | €24,430 | -€133,574 | -84.5% |
| Remuneration and social security | 454/9 | €171,357 | €173,514 | +€2,157 | +1.3% |
| Remuneration, social security and pensions | 62 | €1,424,802 | €1,548,010 | +€123,208 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,968 | €70,238 | +€3,270 | +4.9% |
| Other operating charges | 640/8 | €42,735 | €74,432 | +€31,697 | +74.2% |
| Non-recurring operating charges | 66A | - | €1,730 | +€1,730 | |
| Gross operating margin | 9900 | €1,593,709 | €1,728,399 | +€134,691 | +8.5% |
| Operating profit (loss) | 9901 | €59,205 | €33,990 | -€25,214 | -42.6% |
| Financial income | 75/76B | €29,090 | €30,719 | +€1,629 | +5.6% |
| Recurring financial income | 75 | €29,090 | €30,719 | +€1,629 | +5.6% |
| Financial charges | 65/66B | €20,798 | €26,818 | +€6,020 | +28.9% |
| Recurring financial charges | 65 | €20,798 | €26,818 | +€6,020 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €67,497 | €37,891 | -€29,605 | -43.9% |
| Income taxes | 67/77 | €1,147 | €1,123 | -€24 | -2.1% |
| Profit (loss) for the period | 9904 | €66,350 | €36,768 | -€29,582 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €66,350 | €36,768 | -€29,582 | -44.6% |
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.