CORRIERI ESPRESSO: 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.
CORRIERI ESPRESSO
Largest movements
- Receivables within one year -€33,752
down €33,752 (-9.9%), from €340,610 to €306,858
of which Trade receivables: -€47,040
- Cash +€27,469
up €27,469 (+8,059%), from €341 to €27,810
mainly Receivables within one year (+€33,752) and Depreciation (+€15,316)
- Tangible fixed assets -€14,163
down €14,163 (-36.8%), from €38,455 to €24,292
of which Leasing and similar rights: -€14,147
- Profit (loss) carried forward -€15,104
down €15,104 (-26.4%), from -€57,117 to -€72,221
- Debts after one year -€14,740
down €14,740 (-6.6%), from €221,764 to €207,024
- Tax, wage and social debts +€10,614
up €10,614 (+68.2%), from €15,565 to €26,179
of which Taxes: +€11,476
- Gross operating margin -€32,874
down €32,874 (-24.2%), from €135,650 to €102,776
- Other operating charges -€8,050
down €8,050 (-85.7%), from €9,394 to €1,344
- Staff costs +€5,051
up €5,051 (+5.3%), from €95,775 to €100,826
- Taxes -€4,076
no longer reported in 2025 (was €4,076)
- Financial charges -€1,365
down €1,365 (-53.7%), from €2,544 to €1,179
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 | €546,783 | €526,771 | -€20,012 | -3.7% |
| Fixed assets | 21/28 | €202,888 | €188,725 | -€14,163 | -7.0% |
| Tangible fixed assets | 22/27 | €38,455 | €24,292 | -€14,163 | -36.8% |
| Plant, machinery and equipment | 23 | €16 | - | -€16 | |
| Leasing and similar rights | 25 | €38,439 | €24,292 | -€14,147 | -36.8% |
| Financial fixed assets | 28 | €164,433 | €164,433 | +€0 | 0.0% |
| Current assets | 29/58 | €343,895 | €338,046 | -€5,849 | -1.7% |
| Amounts receivable within one year | 40/41 | €340,610 | €306,858 | -€33,752 | -9.9% |
| Trade receivables | 40 | €324,575 | €277,535 | -€47,040 | -14.5% |
| Other amounts receivable | 41 | €16,034 | €29,323 | +€13,289 | +82.9% |
| Cash at bank and in hand | 54/58 | €341 | €27,810 | +€27,469 | +8,059% |
| Deferred charges and accrued income | 490/1 | €2,944 | €3,378 | +€434 | +14.7% |
| Total equity and liabilities | 10/49 | €546,783 | €526,771 | -€20,012 | -3.7% |
| Equity | 10/15 | €43,535 | €28,430 | -€15,105 | -34.7% |
| Contributions | 10/11 | €92,360 | €92,359 | -€1 | 0.0% |
| Reserves | 13 | €8,292 | €8,292 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,256 | €2,256 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €2,256 | €2,256 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €6,036 | €6,036 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€57,117 | -€72,221 | -€15,104 | -26.4% |
| Amounts payable | 17/49 | €503,248 | €498,341 | -€4,907 | -1.0% |
| Amounts payable after more than one year | 17 | €221,764 | €207,024 | -€14,740 | -6.6% |
| Financial debts | 170/4 | €221,764 | €207,024 | -€14,740 | -6.6% |
| Amounts payable within one year | 42/48 | €272,458 | €282,291 | +€9,833 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €15,364 | €18,295 | +€2,931 | +19.1% |
| Financial debts | 43 | €15,152 | €15,152 | +€0 | 0.0% |
| Credit institutions | 430/8 | €15,152 | €15,152 | +€0 | 0.0% |
| Trade debts | 44 | €226,001 | €222,290 | -€3,711 | -1.6% |
| Suppliers | 440/4 | €226,001 | €222,290 | -€3,711 | -1.6% |
| Taxes, remuneration and social security | 45 | €15,565 | €26,179 | +€10,614 | +68.2% |
| Taxes | 450/3 | €7,690 | €19,166 | +€11,476 | +149% |
| Remuneration and social security | 454/9 | €7,875 | €7,013 | -€862 | -10.9% |
| Other amounts payable | 47/48 | €375 | €375 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €9,026 | €9,026 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €95,775 | €100,826 | +€5,051 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,413 | €15,316 | -€97 | -0.6% |
| Other operating charges | 640/8 | €9,394 | €1,344 | -€8,050 | -85.7% |
| Gross operating margin | 9900 | €135,650 | €102,776 | -€32,874 | -24.2% |
| Operating profit (loss) | 9901 | €15,068 | -€14,710 | -€29,778 | |
| Financial income | 75/76B | €1,307 | €785 | -€522 | -39.9% |
| Recurring financial income | 75 | €1,307 | €785 | -€522 | -39.9% |
| Financial charges | 65/66B | €2,544 | €1,179 | -€1,365 | -53.7% |
| Recurring financial charges | 65 | €2,544 | €1,179 | -€1,365 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €13,830 | -€15,104 | -€28,934 | |
| Income taxes | 67/77 | €4,076 | - | -€4,076 | |
| Profit (loss) for the period | 9904 | €9,754 | -€15,104 | -€24,858 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,754 | -€15,104 | -€24,858 |
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 23 October 2026 via checked.be.