Corsega: 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.
Corsega
Largest movements
- Tangible fixed assets -€28,618
down €28,618 (-2.2%), from €1.3m to €1.3m
of which Land and buildings: -€33,355
- Receivables after one year +€22,385
up €22,385 (+103%), from €21,780 to €44,165
- Reserves +€34,776
up €34,776 (+58.1%), from €59,833 to €94,609
- Debts after one year -€31,853
down €31,853 (-2.7%), from €1.2m to €1.1m
- Trade debts -€22,661
down €22,661 (-95.2%), from €23,798 to €1,137
- Taxes +€7,018
up €7,018 (+553%), from €1,269 to €8,287
- Gross operating margin +€2,305
up €2,305 (+2.0%), from €117,334 to €119,639
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 | €1,368,786 | €1,351,058 | -€17,728 | -1.3% |
| Fixed assets | 21/28 | €1,319,022 | €1,290,404 | -€28,618 | -2.2% |
| Tangible fixed assets | 22/27 | €1,319,022 | €1,290,404 | -€28,618 | -2.2% |
| Land and buildings | 22 | €1,319,022 | €1,285,667 | -€33,355 | -2.5% |
| Plant, machinery and equipment | 23 | - | €3,931 | +€3,931 | |
| Furniture and vehicles | 24 | - | €806 | +€806 | |
| Current assets | 29/58 | €49,763 | €60,653 | +€10,890 | +21.9% |
| Amounts receivable after more than one year | 29 | €21,780 | €44,165 | +€22,385 | +103% |
| Other amounts receivable | 291 | €21,780 | €44,165 | +€22,385 | +103% |
| Amounts receivable within one year | 40/41 | €0 | €713 | +€713 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €713 | +€713 | |
| Cash at bank and in hand | 54/58 | €27,548 | €14,243 | -€13,304 | -48.3% |
| Deferred charges and accrued income | 490/1 | €436 | €1,532 | +€1,097 | +252% |
| Total equity and liabilities | 10/49 | €1,368,786 | €1,351,058 | -€17,728 | -1.3% |
| Equity | 10/15 | €119,833 | €154,609 | +€34,776 | +29.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €59,833 | €94,609 | +€34,776 | +58.1% |
| Distributable reserves | 133 | €59,833 | €94,609 | +€34,776 | +58.1% |
| Amounts payable | 17/49 | €1,248,953 | €1,196,448 | -€52,505 | -4.2% |
| Amounts payable after more than one year | 17 | €1,163,647 | €1,131,794 | -€31,853 | -2.7% |
| Financial debts | 170/4 | €1,163,647 | €1,131,794 | -€31,853 | -2.7% |
| Amounts payable within one year | 42/48 | €85,305 | €64,654 | -€20,651 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €51,276 | €55,139 | +€3,863 | +7.5% |
| Trade debts | 44 | €23,798 | €1,137 | -€22,661 | -95.2% |
| Suppliers | 440/4 | €23,798 | €1,137 | -€22,661 | -95.2% |
| Taxes, remuneration and social security | 45 | €8,342 | €8,378 | +€35 | +0.4% |
| Taxes | 450/3 | €8,342 | €8,378 | +€35 | +0.4% |
| Other amounts payable | 47/48 | €1,889 | €0 | -€1,889 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,271 | €33,597 | +€326 | +1.0% |
| Other operating charges | 640/8 | €1,671 | €1,489 | -€182 | -10.9% |
| Gross operating margin | 9900 | €117,334 | €119,639 | +€2,305 | +2.0% |
| Operating profit (loss) | 9901 | €82,392 | €84,553 | +€2,161 | +2.6% |
| Financial income | 75/76B | €436 | €883 | +€448 | +103% |
| Recurring financial income | 75 | €436 | €883 | +€448 | +103% |
| Financial charges | 65/66B | €43,383 | €42,373 | -€1,010 | -2.3% |
| Recurring financial charges | 65 | €43,383 | €42,373 | -€1,010 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €39,445 | €43,064 | +€3,619 | +9.2% |
| Income taxes | 67/77 | €1,269 | €8,287 | +€7,018 | +553% |
| Profit (loss) for the period | 9904 | €38,176 | €34,776 | -€3,399 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €38,176 | €34,776 | -€3,399 | -8.9% |
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 29 October 2026 via checked.be.