Corropaint: 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.
What changed
Corropaint
NACE 43.341, Painting of buildings
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€1.2m
2024 · -€413,350-€739,389
Equity
-€728,367
2024 · €424,373-€1.2m
Cash
€487,583
2024 · €124,056+€363,526
Balance sheet total
€6.0m
2024 · €5.9m+€50,105
Largest movements
Assets
- Tangible fixed assets -€435,751
down €435,751 (-25.3%), from €1.7m to €1.3m
- Cash +€363,526
up €363,526 (+293.0%), from €124,056 to €487,583
mainly Other debts (+€721,830) and Trade debts (+€578,211)
- Stocks and contracts +€73,984
up €73,984 (+49.6%), from €149,096 to €223,081
Equity and liabilities
- Profit (loss) carried forward -€1.2m
down €1.2m (-278.9%), from -€413,350 to -€1.6m
- Other debts +€721,830
up €721,830 (+58.1%), from €1.2m to €2.0m
- Trade debts +€578,211
up €578,211 (+81.1%), from €712,757 to €1.3m
- Short-term financial debts -€417,577
down €417,577 (-21.8%), from €1.9m to €1.5m
- Debts after one year +€223,853
up €223,853 (+15.8%), from €1.4m to €1.6m
Income statement
- Gross operating margin -€851,757
down €851,757 (-26.1%), from €3.3m to €2.4m
- Financial income +€86,996
up €86,996 (+18227.7%), from €477 to €87,473
of which Non-recurring financial income: +€85,764
- Staff costs -€39,137
down €39,137 (-1.3%), from €3.0m to €2.9m
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.
Result 2024
-€413,350
Gross operating margin
-€851,757
Staff costs
+€39,137
Depreciation
+€2,972
Other operating charges
-€4,308
Financial income
+€86,996
Financial charges
-€13,355
Taxes
+€927
Result 2025
-€1.2m
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.
From operations
+€468,867
Investment
-€10,938
Financing
-€94,403
Cash 2024
€124,056
From operations (derived)
+€468,867
Net result for the year
-€1.2m
Depreciation
+€452,264
Stocks and contracts
-€73,984
Receivables within one year
-€55,640
Smaller working-capital items
+€3,828
Trade debts
+€578,211
Tax, wage and social debts
-€4,901
Other debts
+€721,830
Investment (derived)
-€10,938
Investment in fixed assets (net)
-€10,938
Financing
-€94,403
Debts after one year
+€223,853
Current portion of long-term debt
+€99,321
Short-term financial debts
-€417,577
Cash 2025
€487,583
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,928,999 | €5,979,103 | +€50,105 | +0.8% |
| Fixed assets | 21/28 | €1,731,635 | €1,290,310 | -€441,325 | -25.5% |
| Intangible fixed assets | 21 | €5,574 | €0 | -€5,574 | -100.0% |
| Tangible fixed assets | 22/27 | €1,724,662 | €1,288,910 | -€435,751 | -25.3% |
| Land and buildings | 22 | €374,470 | €341,665 | -€32,805 | -8.8% |
| Plant, machinery and equipment | 23 | €609,836 | €487,887 | -€121,949 | -20.0% |
| Furniture and vehicles | 24 | €556,090 | €459,358 | -€96,732 | -17.4% |
| Assets under construction and advance payments | 27 | €184,265 | €0 | -€184,265 | -100.0% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €4,197,363 | €4,688,793 | +€491,430 | +11.7% |
| Stocks and contracts in progress | 3 | €149,096 | €223,081 | +€73,984 | +49.6% |
| Stocks | 30/36 | €149,096 | €223,081 | +€73,984 | +49.6% |
| Amounts receivable within one year | 40/41 | €3,922,490 | €3,978,130 | +€55,640 | +1.4% |
| Trade receivables | 40 | €3,767,444 | €3,784,758 | +€17,314 | +0.5% |
| Other amounts receivable | 41 | €155,045 | €193,372 | +€38,326 | +24.7% |
| Cash at bank and in hand | 54/58 | €124,056 | €487,583 | +€363,526 | +293.0% |
| Deferred charges and accrued income | 490/1 | €1,721 | €0 | -€1,721 | -100.0% |
| Total equity and liabilities | 10/49 | €5,928,999 | €5,979,103 | +€50,105 | +0.8% |
| Equity | 10/15 | €424,373 | -€728,367 | -€1.2m | |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €137,724 | €137,724 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €117,724 | €117,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€413,350 | -€1,566,090 | -€1.2m | -278.9% |
| Amounts payable | 17/49 | €5,504,625 | €6,707,470 | +€1.2m | +21.9% |
| Amounts payable after more than one year | 17 | €1,420,000 | €1,643,853 | +€223,853 | +15.8% |
| Financial debts | 170/4 | €1,420,000 | €1,643,853 | +€223,853 | +15.8% |
| Amounts payable within one year | 42/48 | €4,063,455 | €5,040,340 | +€976,884 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | - | €99,321 | +€99,321 | |
| Financial debts | 43 | €1,917,577 | €1,500,000 | -€417,577 | -21.8% |
| Credit institutions | 430/8 | €1,917,577 | €1,500,000 | -€417,577 | -21.8% |
| Trade debts | 44 | €712,757 | €1,290,968 | +€578,211 | +81.1% |
| Suppliers | 440/4 | €712,757 | €1,290,968 | +€578,211 | +81.1% |
| Taxes, remuneration and social security | 45 | €189,957 | €185,056 | -€4,901 | -2.6% |
| Taxes | 450/3 | €10,030 | €10,632 | +€602 | +6.0% |
| Remuneration and social security | 454/9 | €179,927 | €174,424 | -€5,503 | -3.1% |
| Other amounts payable | 47/48 | €1,243,164 | €1,964,994 | +€721,830 | +58.1% |
| Accrued charges and deferred income | 492/3 | €21,170 | €23,278 | +€2,107 | +10.0% |
| Non-recurring operating income | 76A | - | €20,584 | +€20,584 | |
| Remuneration, social security and pensions | 62 | €2,954,650 | €2,915,513 | -€39,137 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €455,236 | €452,264 | -€2,972 | -0.7% |
| Other operating charges | 640/8 | €19,297 | €23,605 | +€4,308 | +22.3% |
| Gross operating margin | 9900 | €3,259,349 | €2,407,592 | -€851,757 | -26.1% |
| Operating profit (loss) | 9901 | -€169,834 | -€983,790 | -€813,956 | -479.3% |
| Financial income | 75/76B | €477 | €87,473 | +€86,996 | +18227.7% |
| Recurring financial income | 75 | €477 | €1,709 | +€1,232 | +258.1% |
| Non-recurring financial income | 76B | - | €85,764 | +€85,764 | |
| Financial charges | 65/66B | €241,894 | €255,249 | +€13,355 | +5.5% |
| Recurring financial charges | 65 | €241,894 | €255,249 | +€13,355 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | -€411,250 | -€1,151,567 | -€740,316 | -180.0% |
| Income taxes | 67/77 | €2,100 | €1,173 | -€927 | -44.1% |
| Profit (loss) for the period | 9904 | -€413,350 | -€1,152,740 | -€739,389 | -178.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€413,350 | -€1,152,740 | -€739,389 | -178.9% |
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 12 October 2026 via checked.be.