CORSAC: 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.
CORSAC
Largest movements
- Intangible fixed assets -€8,786
down €8,786 (-30.2%), from €29,058 to €20,272
- Cash +€3,936
up €3,936 (+53.2%), from €7,397 to €11,333
mainly Other debts (+€25,913) and Depreciation (+€10,975)
- Other debts +€25,913
up €25,913 (+4.9%), from €525,564 to €551,477
- Profit (loss) carried forward -€20,110
down €20,110 (-4.9%), from -€413,601 to -€433,711
- Trade debts -€7,262
down €7,262 (-23.0%), from €31,607 to €24,345
- Gross operating margin +€52,510
up €52,510, from -€48,982 to €3,528
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 | €168,570 | €167,111 | -€1,460 | -0.9% |
| Fixed assets | 21/28 | €32,066 | €24,169 | -€7,898 | -24.6% |
| Intangible fixed assets | 21 | €29,058 | €20,272 | -€8,786 | -30.2% |
| Tangible fixed assets | 22/27 | €3,008 | €3,896 | +€888 | +29.5% |
| Plant, machinery and equipment | 23 | €3,008 | €3,896 | +€888 | +29.5% |
| Current assets | 29/58 | €136,504 | €142,942 | +€6,438 | +4.7% |
| Stocks and contracts in progress | 3 | €127,219 | €128,832 | +€1,613 | +1.3% |
| Stocks | 30/36 | €127,219 | €128,832 | +€1,613 | +1.3% |
| Amounts receivable within one year | 40/41 | €1,888 | €2,778 | +€890 | +47.1% |
| Other amounts receivable | 41 | €1,888 | €2,778 | +€890 | +47.1% |
| Cash at bank and in hand | 54/58 | €7,397 | €11,333 | +€3,936 | +53.2% |
| Total equity and liabilities | 10/49 | €168,570 | €167,111 | -€1,460 | -0.9% |
| Equity | 10/15 | -€388,601 | -€408,711 | -€20,110 | -5.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€413,601 | -€433,711 | -€20,110 | -4.9% |
| Amounts payable | 17/49 | €557,171 | €575,822 | +€18,651 | +3.3% |
| Amounts payable within one year | 42/48 | €557,171 | €575,822 | +€18,651 | +3.3% |
| Trade debts | 44 | €31,607 | €24,345 | -€7,262 | -23.0% |
| Suppliers | 440/4 | €31,607 | €24,345 | -€7,262 | -23.0% |
| Other amounts payable | 47/48 | €525,564 | €551,477 | +€25,913 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,328 | €10,975 | -€353 | -3.1% |
| Other operating charges | 640/8 | €387 | €525 | +€137 | +35.5% |
| Non-recurring operating charges | 66A | €3,135 | €12,000 | +€8,865 | +282.8% |
| Gross operating margin | 9900 | -€48,982 | €3,528 | +€52,510 | |
| Operating profit (loss) | 9901 | -€63,833 | -€19,972 | +€43,861 | +68.7% |
| Financial income | 75/76B | €49 | €26 | -€23 | -47.2% |
| Recurring financial income | 75 | €49 | €26 | -€23 | -47.2% |
| Financial charges | 65/66B | €202 | €164 | -€39 | -19.1% |
| Recurring financial charges | 65 | €202 | €164 | -€39 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€63,987 | -€20,110 | +€43,876 | +68.6% |
| Profit (loss) for the period | 9904 | -€63,987 | -€20,110 | +€43,876 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,987 | -€20,110 | +€43,876 | +68.6% |
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 30 September 2026 via checked.be.