CORSINI: 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.
CORSINI
Largest movements
- Cash +€68,641
up €68,641 (+130.5%), from €52,589 to €121,231
mainly Net result for the year (+€51,887) and Tax, wage and social debts (+€41,965)
- Receivables within one year -€26,266
down €26,266 (-25.4%), from €103,420 to €77,154
of which Other amounts receivable: -€44,895
- Tangible fixed assets +€12,054
up €12,054 (+7.4%), from €162,509 to €174,563
of which Land and buildings: +€14,695
- Stocks and contracts -€8,130
down €8,130 (-100.0%), from €8,130 to €0
- Reserves +€53,000
up €53,000 (+25.1%), from €211,400 to €264,400
- Trade debts -€44,170
down €44,170 (-93.0%), from €47,488 to €3,318
- Tax, wage and social debts +€41,965
up €41,965 (+714.8%), from €5,871 to €47,836
- Current portion of long-term debt -€6,032
down €6,032 (-100.0%), from €6,032 to €0
- Turnover +€76,481
up €76,481 (+58.2%), from €131,342 to €207,823
- Gross operating margin +€72,213
up €72,213 (+229.5%), from €31,460 to €103,672
- Taxes +€20,577
up €20,577 (+436.4%), from €4,715 to €25,291
- Other operating charges +€8,629
up €8,629 (+319.8%), from €2,698 to €11,328
- Purchases and services +€4,268
up €4,268 (+4.3%), from €99,883 to €104,151
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,567 | €375,760 | +€46,193 | +14.0% |
| Fixed assets | 21/28 | €163,577 | €175,631 | +€12,054 | +7.4% |
| Tangible fixed assets | 22/27 | €162,509 | €174,563 | +€12,054 | +7.4% |
| Land and buildings | 22 | €157,343 | €172,039 | +€14,695 | +9.3% |
| Plant, machinery and equipment | 23 | €613 | €246 | -€367 | -59.9% |
| Furniture and vehicles | 24 | €4,553 | €2,278 | -€2,275 | -50.0% |
| Financial fixed assets | 28 | €1,068 | €1,068 | = | 0.0% |
| Current assets | 29/58 | €165,990 | €200,129 | +€34,139 | +20.6% |
| Stocks and contracts in progress | 3 | €8,130 | €0 | -€8,130 | -100.0% |
| Stocks | 30/36 | €8,130 | €0 | -€8,130 | -100.0% |
| Amounts receivable within one year | 40/41 | €103,420 | €77,154 | -€26,266 | -25.4% |
| Trade receivables | 40 | €56,715 | €75,344 | +€18,629 | +32.8% |
| Other amounts receivable | 41 | €46,705 | €1,810 | -€44,895 | -96.1% |
| Cash at bank and in hand | 54/58 | €52,589 | €121,231 | +€68,641 | +130.5% |
| Deferred charges and accrued income | 490/1 | €1,850 | €1,745 | -€106 | -5.7% |
| Total equity and liabilities | 10/49 | €329,567 | €375,760 | +€46,193 | +14.0% |
| Equity | 10/15 | €220,939 | €272,826 | +€51,887 | +23.5% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €211,400 | €264,400 | +€53,000 | +25.1% |
| Distributable reserves | 133 | €211,400 | €264,400 | +€53,000 | +25.1% |
| Profit (loss) carried forward | 14 | €1,479 | €366 | -€1,113 | -75.3% |
| Amounts payable | 17/49 | €108,628 | €102,934 | -€5,694 | -5.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €108,028 | €102,934 | -€5,094 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €6,032 | €0 | -€6,032 | -100.0% |
| Financial debts | 43 | - | €3,413 | +€3,413 | |
| Credit institutions | 430/8 | - | €3,413 | +€3,413 | |
| Trade debts | 44 | €47,488 | €3,318 | -€44,170 | -93.0% |
| Suppliers | 440/4 | €47,488 | €3,318 | -€44,170 | -93.0% |
| Taxes, remuneration and social security | 45 | €5,871 | €47,836 | +€41,965 | +714.8% |
| Taxes | 450/3 | €5,871 | €47,836 | +€41,965 | +714.8% |
| Other amounts payable | 47/48 | €48,637 | €48,367 | -€270 | -0.6% |
| Accrued charges and deferred income | 492/3 | €600 | €0 | -€600 | -100.0% |
| Turnover | 70 | €131,342 | €207,823 | +€76,481 | +58.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €99,883 | €104,151 | +€4,268 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,627 | €14,303 | +€2,676 | +23.0% |
| Other operating charges | 640/8 | €2,698 | €11,328 | +€8,629 | +319.8% |
| Gross operating margin | 9900 | €31,460 | €103,672 | +€72,213 | +229.5% |
| Operating profit (loss) | 9901 | €17,134 | €78,042 | +€60,908 | +355.5% |
| Financial income | 75/76B | €0 | €2 | +€2 | +18400.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +18400.0% |
| Financial charges | 65/66B | €928 | €865 | -€62 | -6.7% |
| Recurring financial charges | 65 | €928 | €865 | -€62 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €16,206 | €77,178 | +€60,972 | +376.2% |
| Income taxes | 67/77 | €4,715 | €25,291 | +€20,577 | +436.4% |
| Profit (loss) for the period | 9904 | €11,492 | €51,887 | +€40,395 | +351.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,492 | €51,887 | +€40,395 | +351.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.