CORRE: 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.
CORRE
Largest movements
- Tangible fixed assets -€210,572
down €210,572 (-5.2%), from €4.1m to €3.9m
- Receivables within one year -€49,474
down €49,474 (-98.9%), from €50,000 to €526
of which Other amounts receivable: -€49,474
- Profit (loss) carried forward -€268,550
down €268,550 (-11.5%), from €2.3m to €2.1m
- Debts after one year -€123,317
down €123,317 (-15.2%), from €813,608 to €690,291
- Tax, wage and social debts +€110,131
up €110,131, from €0 to €110,131
- Other operating charges -€210,937
down €210,937 (-65.7%), from €321,194 to €110,256
- Gross operating margin -€178,913
down €178,913 (-71.6%), from €249,708 to €70,795
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 | €4,136,393 | €3,871,670 | -€264,723 | -6.4% |
| Fixed assets | 21/28 | €4,079,029 | €3,868,457 | -€210,572 | -5.2% |
| Tangible fixed assets | 22/27 | €4,079,029 | €3,868,457 | -€210,572 | -5.2% |
| Land and buildings | 22 | €4,079,029 | €3,868,457 | -€210,572 | -5.2% |
| Current assets | 29/58 | €57,364 | €3,214 | -€54,151 | -94.4% |
| Amounts receivable within one year | 40/41 | €50,000 | €526 | -€49,474 | -98.9% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €50,000 | €526 | -€49,474 | -98.9% |
| Cash at bank and in hand | 54/58 | €7,202 | €2,688 | -€4,514 | -62.7% |
| Deferred charges and accrued income | 490/1 | €162 | €0 | -€162 | -100.0% |
| Total equity and liabilities | 10/49 | €4,136,393 | €3,871,670 | -€264,723 | -6.4% |
| Equity | 10/15 | €3,198,362 | €2,929,813 | -€268,550 | -8.4% |
| Contributions | 10/11 | €786,600 | €786,600 | = | 0.0% |
| Capital | 10 | €786,600 | €786,600 | = | 0.0% |
| Issued capital | 100 | €786,600 | €786,600 | = | 0.0% |
| Reserves | 13 | €78,660 | €78,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €78,660 | €78,660 | = | 0.0% |
| Legal reserve | 130 | €78,660 | €78,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,333,102 | €2,064,553 | -€268,550 | -11.5% |
| Amounts payable | 17/49 | €938,031 | €941,858 | +€3,827 | +0.4% |
| Amounts payable after more than one year | 17 | €813,608 | €690,291 | -€123,317 | -15.2% |
| Financial debts | 170/4 | €813,608 | €690,291 | -€123,317 | -15.2% |
| Amounts payable within one year | 42/48 | €124,423 | €250,099 | +€125,676 | +101.0% |
| Current portion of amounts payable after more than one year | 42 | €121,459 | €123,317 | +€1,858 | +1.5% |
| Trade debts | 44 | €2,964 | €1,650 | -€1,314 | -44.3% |
| Suppliers | 440/4 | €2,964 | €1,650 | -€1,314 | -44.3% |
| Taxes, remuneration and social security | 45 | €0 | €110,131 | +€110,131 | |
| Taxes | 450/3 | €0 | €110,131 | +€110,131 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,468 | +€1,468 | |
| Non-recurring operating income | 76A | - | €7,941 | +€7,941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,572 | €210,572 | = | 0.0% |
| Other operating charges | 640/8 | €321,194 | €110,256 | -€210,937 | -65.7% |
| Non-recurring operating charges | 66A | €3,769 | €2,954 | -€815 | -21.6% |
| Gross operating margin | 9900 | €249,708 | €70,795 | -€178,913 | -71.6% |
| Operating profit (loss) | 9901 | -€285,827 | -€252,986 | +€32,840 | +11.5% |
| Financial income | 75/76B | €1,370 | €364 | -€1,007 | -73.5% |
| Recurring financial income | 75 | €1,370 | €364 | -€1,007 | -73.5% |
| Financial charges | 65/66B | €16,181 | €15,927 | -€254 | -1.6% |
| Recurring financial charges | 65 | €16,181 | €15,927 | -€254 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | -€300,638 | -€268,550 | +€32,088 | +10.7% |
| Profit (loss) for the period | 9904 | -€300,638 | -€268,550 | +€32,088 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€300,638 | -€268,550 | +€32,088 | +10.7% |
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 8 October 2026 via checked.be.