CORREDUC: 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.
CORREDUC
Largest movements
- Receivables within one year +€54,545
up €54,545 (+165.5%), from €32,966 to €87,511
- Tangible fixed assets -€41,921
down €41,921 (-49.8%), from €84,223 to €42,302
- Cash +€39,039
up €39,039 (+12.3%), from €318,624 to €357,663
mainly Net result for the year (+€111,483) and Depreciation (+€41,921)
- Receivables after one year -€26,000
down €26,000 (-7.8%), from €333,000 to €307,000
- Reserves +€73,019
up €73,019 (+16.0%), from €456,959 to €529,978
- Debts after one year -€52,770
down €52,770 (-33.9%), from €155,784 to €103,014
- Other debts -€21,563
down €21,563 (-46.8%), from €46,115 to €24,552
- Trade debts +€13,232
up €13,232 (+96.0%), from €13,785 to €27,017
- Gross operating margin +€107,935
up €107,935 (+106.6%), from €101,292 to €209,227
- Taxes +€33,104
up €33,104 (+244.5%), from €13,542 to €46,646
- Financial charges -€2,929
down €2,929 (-22.1%), from €13,247 to €10,318
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 | €886,046 | €906,127 | +€20,081 | +2.3% |
| Fixed assets | 21/28 | €84,278 | €42,357 | -€41,921 | -49.7% |
| Tangible fixed assets | 22/27 | €84,223 | €42,302 | -€41,921 | -49.8% |
| Land and buildings | 22 | €84,223 | €42,302 | -€41,921 | -49.8% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €801,768 | €863,771 | +€62,003 | +7.7% |
| Amounts receivable after more than one year | 29 | €333,000 | €307,000 | -€26,000 | -7.8% |
| Other amounts receivable | 291 | €333,000 | €307,000 | -€26,000 | -7.8% |
| Stocks and contracts in progress | 3 | €64,868 | €60,370 | -€4,498 | -6.9% |
| Stocks | 30/36 | €61,137 | €60,370 | -€767 | -1.3% |
| Contracts in progress | 37 | €3,730 | €0 | -€3,730 | -100.0% |
| Amounts receivable within one year | 40/41 | €32,966 | €87,511 | +€54,545 | +165.5% |
| Trade receivables | 40 | €32,966 | €87,511 | +€54,545 | +165.5% |
| Current investments | 50/53 | €48,680 | €48,680 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €318,624 | €357,663 | +€39,039 | +12.3% |
| Deferred charges and accrued income | 490/1 | €3,630 | €2,546 | -€1,084 | -29.9% |
| Total equity and liabilities | 10/49 | €886,046 | €906,127 | +€20,081 | +2.3% |
| Equity | 10/15 | €611,164 | €684,184 | +€73,019 | +11.9% |
| Contributions | 10/11 | €154,205 | €154,205 | = | 0.0% |
| Reserves | 13 | €456,959 | €529,978 | +€73,019 | +16.0% |
| Distributable reserves | 133 | €456,959 | €529,978 | +€73,019 | +16.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €274,882 | €221,943 | -€52,938 | -19.3% |
| Amounts payable after more than one year | 17 | €155,784 | €103,014 | -€52,770 | -33.9% |
| Financial debts | 170/4 | €155,784 | €103,014 | -€52,770 | -33.9% |
| Amounts payable within one year | 42/48 | €117,344 | €117,825 | +€481 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €50,268 | €52,770 | +€2,502 | +5.0% |
| Trade debts | 44 | €13,785 | €27,017 | +€13,232 | +96.0% |
| Suppliers | 440/4 | €13,785 | €27,017 | +€13,232 | +96.0% |
| Taxes, remuneration and social security | 45 | €7,176 | €13,486 | +€6,311 | +87.9% |
| Taxes | 450/3 | €7,176 | €13,486 | +€6,311 | +87.9% |
| Other amounts payable | 47/48 | €46,115 | €24,552 | -€21,563 | -46.8% |
| Accrued charges and deferred income | 492/3 | €1,753 | €1,104 | -€649 | -37.0% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,921 | €41,921 | = | 0.0% |
| Other operating charges | 640/8 | €7,081 | €7,041 | -€40 | -0.6% |
| Gross operating margin | 9900 | €101,292 | €209,227 | +€107,935 | +106.6% |
| Operating profit (loss) | 9901 | €52,126 | €160,095 | +€107,968 | +207.1% |
| Financial income | 75/76B | €9,027 | €8,351 | -€676 | -7.5% |
| Recurring financial income | 75 | €9,027 | €8,351 | -€676 | -7.5% |
| Financial charges | 65/66B | €13,247 | €10,318 | -€2,929 | -22.1% |
| Recurring financial charges | 65 | €13,247 | €10,318 | -€2,929 | -22.1% |
| Profit (loss) for the period before taxes | 9903 | €47,906 | €158,128 | +€110,222 | +230.1% |
| Income taxes | 67/77 | €13,542 | €46,646 | +€33,104 | +244.5% |
| Profit (loss) for the period | 9904 | €34,365 | €111,483 | +€77,118 | +224.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,365 | €111,483 | +€77,118 | +224.4% |
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 7 October 2026 via checked.be.