Correl: 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.
Correl
Largest movements
- Cash -€19,686
down €19,686 (-20.8%), from €94,853 to €75,167
mainly Contributions, distributions and other (-€50,970) and Other debts (-€20,003)
- Tangible fixed assets +€3,307
up €3,307 (+92.7%), from €3,568 to €6,875
of which Plant, machinery and equipment: +€4,067
- Other debts -€20,003
down €20,003 (-13.2%), from €151,502 to €131,499
- Trade debts +€13,971
up €13,971 (+180.7%), from €7,733 to €21,704
- Tax, wage and social debts -€12,385
down €12,385 (-92.9%), from €13,332 to €947
- Gross operating margin -€26,808
down €26,808 (-30.6%), from €87,734 to €60,926
- Financial charges -€992
down €992 (-65.2%), from €1,521 to €529
- Taxes -€882
down €882 (-18.3%), from €4,832 to €3,950
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 | €222,740 | €204,622 | -€18,118 | -8.1% |
| Fixed assets | 21/28 | €6,868 | €10,175 | +€3,307 | +48.2% |
| Tangible fixed assets | 22/27 | €3,568 | €6,875 | +€3,307 | +92.7% |
| Plant, machinery and equipment | 23 | €1,929 | €5,996 | +€4,067 | +210.8% |
| Furniture and vehicles | 24 | €1,639 | €879 | -€760 | -46.4% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €215,872 | €194,447 | -€21,425 | -9.9% |
| Amounts receivable within one year | 40/41 | €120,778 | €119,134 | -€1,644 | -1.4% |
| Trade receivables | 40 | €93,007 | €90,989 | -€2,018 | -2.2% |
| Other amounts receivable | 41 | €27,771 | €28,145 | +€374 | +1.3% |
| Cash at bank and in hand | 54/58 | €94,853 | €75,167 | -€19,686 | -20.8% |
| Deferred charges and accrued income | 490/1 | €241 | €146 | -€95 | -39.4% |
| Total equity and liabilities | 10/49 | €222,740 | €204,622 | -€18,118 | -8.1% |
| Equity | 10/15 | €49,133 | €50,472 | +€1,339 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,933 | €44,272 | +€1,339 | +3.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,073 | €42,412 | +€1,339 | +3.3% |
| Amounts payable | 17/49 | €173,607 | €154,150 | -€19,457 | -11.2% |
| Amounts payable within one year | 42/48 | €172,567 | €154,150 | -€18,417 | -10.7% |
| Trade debts | 44 | €7,733 | €21,704 | +€13,971 | +180.7% |
| Suppliers | 440/4 | €7,733 | €21,704 | +€13,971 | +180.7% |
| Taxes, remuneration and social security | 45 | €13,332 | €947 | -€12,385 | -92.9% |
| Taxes | 450/3 | €13,332 | €947 | -€12,385 | -92.9% |
| Other amounts payable | 47/48 | €151,502 | €131,499 | -€20,003 | -13.2% |
| Accrued charges and deferred income | 492/3 | €1,040 | - | -€1,040 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,691 | €1,442 | -€249 | -14.7% |
| Other operating charges | 640/8 | €3,094 | €2,771 | -€323 | -10.4% |
| Gross operating margin | 9900 | €87,734 | €60,926 | -€26,808 | -30.6% |
| Operating profit (loss) | 9901 | €82,949 | €56,713 | -€26,236 | -31.6% |
| Financial income | 75/76B | €341 | €75 | -€266 | -78.0% |
| Recurring financial income | 75 | €341 | €75 | -€266 | -78.0% |
| Financial charges | 65/66B | €1,521 | €529 | -€992 | -65.2% |
| Recurring financial charges | 65 | €1,521 | €529 | -€992 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €81,769 | €56,259 | -€25,510 | -31.2% |
| Income taxes | 67/77 | €4,832 | €3,950 | -€882 | -18.3% |
| Profit (loss) for the period | 9904 | €76,937 | €52,309 | -€24,628 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,937 | €52,309 | -€24,628 | -32.0% |
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 11 October 2026 via checked.be.