CORREX: 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.
CORREX
Largest movements
- Receivables within one year +€45,434
up €45,434 (+83.5%), from €54,412 to €99,846
of which Trade receivables: +€46,552
- Tangible fixed assets +€27,723
up €27,723 (+32.7%), from €84,653 to €112,376
of which Furniture and vehicles: +€49,762
- Cash +€12,725
up €12,725 (+143.5%), from €8,867 to €21,592
mainly Trade debts (+€72,648) and Depreciation (+€29,302)
- Stocks and contracts +€5,132
up €5,132 (+18.4%), from €27,870 to €33,002
- Trade debts +€72,648
up €72,648 (+162.4%), from €44,738 to €117,386
- Reserves +€14,607
up €14,607 (+35.2%), from €41,440 to €56,047
of which Distributable reserves: +€14,607
- Tax, wage and social debts +€11,204
up €11,204 (+163.2%), from €6,864 to €18,069
- Other debts -€4,986
down €4,986 (-20.8%), from €23,986 to €19,000
- Gross operating margin +€31,542
up €31,542 (+103.8%), from €30,392 to €61,935
- Depreciation +€15,693
up €15,693 (+115.3%), from €13,610 to €29,302
- Taxes +€4,422
up €4,422 (+94.7%), from €4,667 to €9,089
- Other operating charges +€2,824
up €2,824 (+106.2%), from €2,659 to €5,483
- Financial charges +€2,092
up €2,092 (+119.7%), from €1,749 to €3,841
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 | €175,802 | €269,275 | +€93,473 | +53.2% |
| Fixed assets | 21/28 | €84,653 | €112,376 | +€27,723 | +32.7% |
| Tangible fixed assets | 22/27 | €84,653 | €112,376 | +€27,723 | +32.7% |
| Plant, machinery and equipment | 23 | €64,900 | €50,002 | -€14,897 | -23.0% |
| Furniture and vehicles | 24 | €1,431 | €51,193 | +€49,762 | +3476.7% |
| Other tangible fixed assets | 26 | €18,322 | €11,181 | -€7,142 | -39.0% |
| Current assets | 29/58 | €91,149 | €156,899 | +€65,751 | +72.1% |
| Stocks and contracts in progress | 3 | €27,870 | €33,002 | +€5,132 | +18.4% |
| Stocks | 30/36 | €27,870 | €33,002 | +€5,132 | +18.4% |
| Amounts receivable within one year | 40/41 | €54,412 | €99,846 | +€45,434 | +83.5% |
| Trade receivables | 40 | €41,124 | €87,676 | +€46,552 | +113.2% |
| Other amounts receivable | 41 | €13,288 | €12,170 | -€1,118 | -8.4% |
| Cash at bank and in hand | 54/58 | €8,867 | €21,592 | +€12,725 | +143.5% |
| Deferred charges and accrued income | 490/1 | €0 | €2,460 | +€2,460 | |
| Total equity and liabilities | 10/49 | €175,802 | €269,275 | +€93,473 | +53.2% |
| Equity | 10/15 | €100,214 | €114,821 | +€14,607 | +14.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €41,440 | €56,047 | +€14,607 | +35.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €85 | €85 | = | 0.0% |
| Distributable reserves | 133 | €39,494 | €54,101 | +€14,607 | +37.0% |
| Profit (loss) carried forward | 14 | €46,274 | €46,274 | = | 0.0% |
| Amounts payable | 17/49 | €75,588 | €154,455 | +€78,866 | +104.3% |
| Amounts payable within one year | 42/48 | €75,588 | €154,455 | +€78,866 | +104.3% |
| Trade debts | 44 | €44,738 | €117,386 | +€72,648 | +162.4% |
| Suppliers | 440/4 | €44,738 | €117,386 | +€72,648 | +162.4% |
| Taxes, remuneration and social security | 45 | €6,864 | €18,069 | +€11,204 | +163.2% |
| Taxes | 450/3 | €6,864 | €18,069 | +€11,204 | +163.2% |
| Other amounts payable | 47/48 | €23,986 | €19,000 | -€4,986 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,610 | €29,302 | +€15,693 | +115.3% |
| Other operating charges | 640/8 | €2,659 | €5,483 | +€2,824 | +106.2% |
| Gross operating margin | 9900 | €30,392 | €61,935 | +€31,542 | +103.8% |
| Operating profit (loss) | 9901 | €14,124 | €27,149 | +€13,026 | +92.2% |
| Financial income | 75/76B | €168 | €388 | +€219 | +130.2% |
| Recurring financial income | 75 | €168 | €388 | +€219 | +130.2% |
| Financial charges | 65/66B | €1,749 | €3,841 | +€2,092 | +119.7% |
| Recurring financial charges | 65 | €1,749 | €3,841 | +€2,092 | +119.7% |
| Profit (loss) for the period before taxes | 9903 | €12,544 | €23,696 | +€11,153 | +88.9% |
| Income taxes | 67/77 | €4,667 | €9,089 | +€4,422 | +94.7% |
| Profit (loss) for the period | 9904 | €7,876 | €14,607 | +€6,731 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,876 | €14,607 | +€6,731 | +85.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.