CORRECTONET: 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.
CORRECTONET
Largest movements
- Receivables within one year +€52,923
up €52,923 (+45.4%), from €116,452 to €169,375
of which Trade receivables: +€62,491
- Stocks and contracts +€32,258
up €32,258 (+88.5%), from €36,449 to €68,707
- Cash +€10,006
up €10,006 (+27.6%), from €36,199 to €46,205
mainly Trade debts (+€54,043) and Depreciation (+€43,950)
- Tangible fixed assets -€4,846
down €4,846 (-4.3%), from €112,510 to €107,664
of which Furniture and vehicles: -€12,975
- Trade debts +€54,043
up €54,043 (+117%), from €46,082 to €100,125
- Reserves +€41,228
up €41,228 (+53.5%), from €77,029 to €118,257
- Tax, wage and social debts +€34,298
up €34,298 (+107%), from €32,011 to €66,309
of which Taxes: +€23,525
- Debts after one year -€31,229
down €31,229 (-40.9%), from €76,269 to €45,040
of which Financial debts: -€24,785
- Current portion of long-term debt -€6,544
down €6,544 (-17.3%), from €37,774 to €31,230
- Gross operating margin +€71,834
up €71,834 (+39.4%), from €182,534 to €254,368
- Taxes +€19,902
up €19,902 (+4,976%), from €400 to €20,302
- Staff costs +€17,017
up €17,017 (+13.8%), from €122,896 to €139,913
- Depreciation +€15,157
up €15,157 (+52.6%), from €28,793 to €43,950
- Other operating charges -€2,887
down €2,887 (-35.9%), from €8,036 to €5,149
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 | €311,369 | €400,941 | +€89,572 | +28.8% |
| Fixed assets | 21/28 | €112,510 | €107,664 | -€4,846 | -4.3% |
| Tangible fixed assets | 22/27 | €112,510 | €107,664 | -€4,846 | -4.3% |
| Plant, machinery and equipment | 23 | €1,622 | €901 | -€721 | -44.5% |
| Furniture and vehicles | 24 | €102,304 | €89,329 | -€12,975 | -12.7% |
| Other tangible fixed assets | 26 | €8,584 | €16,180 | +€7,596 | +88.5% |
| Assets under construction and advance payments | 27 | €0 | €1,254 | +€1,254 | |
| Current assets | 29/58 | €198,859 | €293,277 | +€94,418 | +47.5% |
| Stocks and contracts in progress | 3 | €36,449 | €68,707 | +€32,258 | +88.5% |
| Stocks | 30/36 | €36,449 | €68,707 | +€32,258 | +88.5% |
| Amounts receivable within one year | 40/41 | €116,452 | €169,375 | +€52,923 | +45.4% |
| Trade receivables | 40 | €106,764 | €169,255 | +€62,491 | +58.5% |
| Other amounts receivable | 41 | €9,688 | €120 | -€9,568 | -98.8% |
| Cash at bank and in hand | 54/58 | €36,199 | €46,205 | +€10,006 | +27.6% |
| Deferred charges and accrued income | 490/1 | €9,759 | €8,990 | -€769 | -7.9% |
| Total equity and liabilities | 10/49 | €311,369 | €400,941 | +€89,572 | +28.8% |
| Equity | 10/15 | €109,810 | €151,038 | +€41,228 | +37.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | €18,750 | €18,750 | = | 0.0% |
| Issued capital | 100 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €77,029 | €118,257 | +€41,228 | +53.5% |
| Distributable reserves | 133 | €77,029 | €118,257 | +€41,228 | +53.5% |
| Profit (loss) carried forward | 14 | €14,031 | €14,031 | = | 0.0% |
| Amounts payable | 17/49 | €201,559 | €249,903 | +€48,344 | +24.0% |
| Amounts payable after more than one year | 17 | €76,269 | €45,040 | -€31,229 | -40.9% |
| Financial debts | 170/4 | €57,909 | €33,124 | -€24,785 | -42.8% |
| Other amounts payable | 178/9 | €18,360 | €11,916 | -€6,444 | -35.1% |
| Amounts payable within one year | 42/48 | €125,288 | €204,863 | +€79,575 | +63.5% |
| Current portion of amounts payable after more than one year | 42 | €37,774 | €31,230 | -€6,544 | -17.3% |
| Trade debts | 44 | €46,082 | €100,125 | +€54,043 | +117% |
| Suppliers | 440/4 | €46,082 | €100,125 | +€54,043 | +117% |
| Taxes, remuneration and social security | 45 | €32,011 | €66,309 | +€34,298 | +107% |
| Taxes | 450/3 | €12,672 | €36,197 | +€23,525 | +186% |
| Remuneration and social security | 454/9 | €19,339 | €30,112 | +€10,773 | +55.7% |
| Other amounts payable | 47/48 | €9,421 | €7,199 | -€2,222 | -23.6% |
| Accrued charges and deferred income | 492/3 | €2 | - | -€2 | |
| Remuneration, social security and pensions | 62 | €122,896 | €139,913 | +€17,017 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,793 | €43,950 | +€15,157 | +52.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €602 | - | -€602 | |
| Other operating charges | 640/8 | €8,036 | €5,149 | -€2,887 | -35.9% |
| Non-recurring operating charges | 66A | €30,922 | - | -€30,922 | |
| Gross operating margin | 9900 | €182,534 | €254,368 | +€71,834 | +39.4% |
| Operating profit (loss) | 9901 | -€8,715 | €65,356 | +€74,071 | |
| Financial charges | 65/66B | €5,436 | €3,827 | -€1,609 | -29.6% |
| Recurring financial charges | 65 | €5,436 | €3,827 | -€1,609 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,151 | €61,529 | +€75,680 | |
| Income taxes | 67/77 | €400 | €20,302 | +€19,902 | +4,976% |
| Profit (loss) for the period | 9904 | -€14,551 | €41,227 | +€55,778 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,551 | €41,227 | +€55,778 |
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 16 October 2026 via checked.be.