CORSO: 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.
CORSO
Largest movements
- Cash +€83,481
up €83,481 (+82.4%), from €101,296 to €184,777
mainly Net result for the year (+€155,295) and Depreciation (+€119,610)
- Tangible fixed assets +€40,381
up €40,381 (+5.1%), from €799,200 to €839,581
of which Leasing and similar rights: +€124,952
- Stocks and contracts +€38,982
up €38,982 (+222.8%), from €17,500 to €56,482
- Reserves +€146,220
up €146,220 (+271.2%), from €53,924 to €200,144
- Trade debts +€25,180
up €25,180 (+145.8%), from €17,265 to €42,445
- Short-term financial debts -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Other debts -€23,235
down €23,235 (-49.0%), from €47,393 to €24,158
- Current portion of long-term debt +€15,429
up €15,429 (+15.8%), from €97,949 to €113,378
- Gross operating margin +€242,050
up €242,050 (+152.1%), from €159,147 to €401,198
- Staff costs +€47,630
up €47,630 (+180.4%), from €26,395 to €74,025
- Taxes +€28,012
up €28,012 (+14778.0%), from €190 to €28,201
- Depreciation +€22,152
up €22,152 (+22.7%), from €97,458 to €119,610
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 | €936,117 | €1,093,526 | +€157,408 | +16.8% |
| Fixed assets | 21/28 | €799,200 | €839,581 | +€40,381 | +5.1% |
| Tangible fixed assets | 22/27 | €799,200 | €839,581 | +€40,381 | +5.1% |
| Land and buildings | 22 | €587,687 | €553,010 | -€34,677 | -5.9% |
| Plant, machinery and equipment | 23 | €50,810 | €33,877 | -€16,933 | -33.3% |
| Furniture and vehicles | 24 | €131,454 | €103,934 | -€27,520 | -20.9% |
| Leasing and similar rights | 25 | - | €124,952 | +€124,952 | |
| Other tangible fixed assets | 26 | €29,249 | €23,808 | -€5,441 | -18.6% |
| Current assets | 29/58 | €136,918 | €253,945 | +€117,028 | +85.5% |
| Stocks and contracts in progress | 3 | €17,500 | €56,482 | +€38,982 | +222.8% |
| Stocks | 30/36 | €17,500 | €56,482 | +€38,982 | +222.8% |
| Amounts receivable within one year | 40/41 | €14,011 | €6,105 | -€7,906 | -56.4% |
| Trade receivables | 40 | €6,650 | €2,930 | -€3,720 | -55.9% |
| Other amounts receivable | 41 | €7,361 | €3,175 | -€4,186 | -56.9% |
| Cash at bank and in hand | 54/58 | €101,296 | €184,777 | +€83,481 | +82.4% |
| Deferred charges and accrued income | 490/1 | €4,111 | €6,581 | +€2,470 | +60.1% |
| Total equity and liabilities | 10/49 | €936,117 | €1,093,526 | +€157,408 | +16.8% |
| Equity | 10/15 | €169,849 | €325,144 | +€155,295 | +91.4% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €53,924 | €200,144 | +€146,220 | +271.2% |
| Distributable reserves | 133 | €53,924 | €200,144 | +€146,220 | +271.2% |
| Profit (loss) carried forward | 14 | -€9,075 | €0 | +€9,075 | |
| Amounts payable | 17/49 | €766,268 | €768,382 | +€2,114 | +0.3% |
| Amounts payable after more than one year | 17 | €578,363 | €587,313 | +€8,950 | +1.5% |
| Financial debts | 170/4 | €578,363 | €587,313 | +€8,950 | +1.5% |
| Amounts payable within one year | 42/48 | €187,905 | €181,069 | -€6,836 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €97,949 | €113,378 | +€15,429 | +15.8% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100.0% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100.0% |
| Trade debts | 44 | €17,265 | €42,445 | +€25,180 | +145.8% |
| Suppliers | 440/4 | €17,265 | €42,445 | +€25,180 | +145.8% |
| Taxes, remuneration and social security | 45 | €297 | €1,087 | +€790 | +265.5% |
| Taxes | 450/3 | €297 | €1,087 | +€790 | +265.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €47,393 | €24,158 | -€23,235 | -49.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €69 | +€69 | |
| Remuneration, social security and pensions | 62 | €26,395 | €74,025 | +€47,630 | +180.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,458 | €119,610 | +€22,152 | +22.7% |
| Other operating charges | 640/8 | €9,661 | €9,615 | -€46 | -0.5% |
| Gross operating margin | 9900 | €159,147 | €401,198 | +€242,050 | +152.1% |
| Operating profit (loss) | 9901 | €25,632 | €197,947 | +€172,315 | +672.3% |
| Financial income | 75/76B | €153 | €192 | +€39 | +25.3% |
| Recurring financial income | 75 | €153 | €192 | +€39 | +25.3% |
| Financial charges | 65/66B | €15,039 | €14,643 | -€397 | -2.6% |
| Recurring financial charges | 65 | €15,039 | €14,643 | -€397 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €10,746 | €183,496 | +€172,750 | +1607.6% |
| Income taxes | 67/77 | €190 | €28,201 | +€28,012 | +14778.0% |
| Profit (loss) for the period | 9904 | €10,556 | €155,295 | +€144,739 | +1371.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,556 | €155,295 | +€144,739 | +1371.1% |
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 5 October 2026 via checked.be.