Correct-Services: 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
Correct-Services
NACE 33.120, Repair and maintenance of machinery
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€455,785
2024 · €458,875-€3,090
Equity
€2.5m
2024 · €2.1m+€455,785
Cash
€221,688
2024 · €197,362+€24,325
Balance sheet total
€4.1m
2024 · €4.1m+€5,496
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€261,145
up €261,145 (+24.7%), from €1.1m to €1.3m
of which Distributable reserves: +€176,945
- Profit (loss) carried forward +€194,640
up €194,640 (+19.6%), from €995,003 to €1.2m
- Debts after one year -€171,862
down €171,862 (-14.5%), from €1.2m to €1.0m
of which Financial debts: -€171,862
- Other debts -€112,616
down €112,616 (-84.9%), from €132,616 to €20,000
- Trade debts -€91,348
down €91,348 (-44.9%), from €203,244 to €111,896
Income statement
- Staff costs +€42,616
up €42,616 (+4.9%), from €867,588 to €910,204
- Depreciation -€20,036
down €20,036 (-10.0%), from €200,386 to €180,351
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.
Result 2024
€458,875
Gross operating margin
-€4,163
Staff costs
-€42,616
Depreciation
+€20,036
Write-downs
-€985
Other operating charges
+€443
Other operating items
+€669
Financial income
+€2,652
Financial charges
+€10,223
Taxes
+€10,651
Result 2025
€455,785
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.
From operations
+€458,004
Investment
-€170,656
Financing
-€263,022
Cash 2024
€197,362
From operations (derived)
+€458,004
Net result for the year
+€455,785
Depreciation
+€180,351
Stocks and contracts
-€9,582
Receivables within one year
-€5,947
Deferred charges and accrued income
+€24,664
Trade debts
-€91,348
Tax, wage and social debts
+€20,085
Other debts
-€112,616
Accrued charges and deferred income
-€3,386
Investment (derived)
-€170,656
Investment in fixed assets (net)
-€170,656
Financing
-€263,022
Debts after one year
-€171,862
Current portion of long-term debt
-€1,092
Short-term financial debts
-€90,068
Cash 2025
€221,688
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,098,335 | €4,103,831 | +€5,496 | +0.1% |
| Fixed assets | 21/28 | €1,735,412 | €1,725,717 | -€9,695 | -0.6% |
| Intangible fixed assets | 21 | €56,051 | €42,551 | -€13,500 | -24.1% |
| Tangible fixed assets | 22/27 | €1,288,691 | €1,292,486 | +€3,795 | +0.3% |
| Land and buildings | 22 | €1,074,462 | €1,007,992 | -€66,471 | -6.2% |
| Plant, machinery and equipment | 23 | €38,937 | €77,399 | +€38,462 | +98.8% |
| Furniture and vehicles | 24 | €137,652 | €167,764 | +€30,113 | +21.9% |
| Leasing and similar rights | 25 | €37,639 | €39,331 | +€1,692 | +4.5% |
| Financial fixed assets | 28 | €390,670 | €390,680 | +€10 | 0.0% |
| Current assets | 29/58 | €2,362,923 | €2,378,114 | +€15,191 | +0.6% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €940,614 | €950,196 | +€9,582 | +1.0% |
| Stocks | 30/36 | €940,614 | €950,196 | +€9,582 | +1.0% |
| Amounts receivable within one year | 40/41 | €540,950 | €546,896 | +€5,947 | +1.1% |
| Trade receivables | 40 | €528,167 | €543,397 | +€15,230 | +2.9% |
| Other amounts receivable | 41 | €12,783 | €3,499 | -€9,284 | -72.6% |
| Current investments | 50/53 | €473,188 | €473,188 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €197,362 | €221,688 | +€24,325 | +12.3% |
| Deferred charges and accrued income | 490/1 | €110,809 | €86,146 | -€24,664 | -22.3% |
| Total equity and liabilities | 10/49 | €4,098,335 | €4,103,831 | +€5,496 | +0.1% |
| Equity | 10/15 | €2,065,344 | €2,521,129 | +€455,785 | +22.1% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €1,056,942 | €1,318,087 | +€261,145 | +24.7% |
| Non-distributable reserves | 130/1 | €473,188 | €473,188 | = | 0.0% |
| Own shares acquired | 1312 | €473,188 | €473,188 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €84,200 | +€84,200 | |
| Distributable reserves | 133 | €583,754 | €760,699 | +€176,945 | +30.3% |
| Profit (loss) carried forward | 14 | €995,003 | €1,189,642 | +€194,640 | +19.6% |
| Amounts payable | 17/49 | €2,032,990 | €1,582,702 | -€450,288 | -22.1% |
| Amounts payable after more than one year | 17 | €1,188,917 | €1,017,055 | -€171,862 | -14.5% |
| Financial debts | 170/4 | €1,186,667 | €1,014,805 | -€171,862 | -14.5% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €829,352 | €554,312 | -€275,040 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €259,445 | €258,353 | -€1,092 | -0.4% |
| Financial debts | 43 | €130,404 | €40,336 | -€90,068 | -69.1% |
| Credit institutions | 430/8 | €130,404 | €40,336 | -€90,068 | -69.1% |
| Trade debts | 44 | €203,244 | €111,896 | -€91,348 | -44.9% |
| Suppliers | 440/4 | €203,244 | €111,896 | -€91,348 | -44.9% |
| Taxes, remuneration and social security | 45 | €103,642 | €123,727 | +€20,085 | +19.4% |
| Taxes | 450/3 | €39,358 | €56,660 | +€17,301 | +44.0% |
| Remuneration and social security | 454/9 | €64,284 | €67,067 | +€2,783 | +4.3% |
| Other amounts payable | 47/48 | €132,616 | €20,000 | -€112,616 | -84.9% |
| Accrued charges and deferred income | 492/3 | €14,721 | €11,335 | -€3,386 | -23.0% |
| Non-recurring operating income | 76A | €159 | - | -€159 | |
| Remuneration, social security and pensions | 62 | €867,588 | €910,204 | +€42,616 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200,386 | €180,351 | -€20,036 | -10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €342 | €1,327 | +€985 | +287.6% |
| Other operating charges | 640/8 | €15,511 | €15,068 | -€443 | -2.9% |
| Non-recurring operating charges | 66A | €710 | €41 | -€669 | -94.2% |
| Gross operating margin | 9900 | €1,770,582 | €1,766,419 | -€4,163 | -0.2% |
| Operating profit (loss) | 9901 | €686,044 | €659,427 | -€26,616 | -3.9% |
| Financial income | 75/76B | €5,239 | €7,890 | +€2,652 | +50.6% |
| Recurring financial income | 75 | €5,239 | €7,890 | +€2,652 | +50.6% |
| Financial charges | 65/66B | €48,851 | €38,628 | -€10,223 | -20.9% |
| Recurring financial charges | 65 | €48,851 | €38,628 | -€10,223 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €642,431 | €628,689 | -€13,742 | -2.1% |
| Income taxes | 67/77 | €183,556 | €172,905 | -€10,651 | -5.8% |
| Profit (loss) for the period | 9904 | €458,875 | €455,785 | -€3,090 | -0.7% |
| Transfer to tax-exempt reserves | 689 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €458,875 | €371,585 | -€87,290 | -19.0% |
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.