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
- Receivables within one year -€83,676
down €83,676 (-49.0%), from €170,796 to €87,121
of which Other amounts receivable: -€86,990
- Tangible fixed assets -€8,838
down €8,838 (-3.6%), from €246,879 to €238,040
of which Land and buildings: -€8,213
- Tax, wage and social debts -€45,154
down €45,154 (-100.0%), from €45,154 to €0
- Debts after one year -€18,954
down €18,954 (-8.1%), from €233,770 to €214,816
- Trade debts -€16,852
down €16,852 (-94.3%), from €17,862 to €1,010
- Short-term financial debts -€7,748
down €7,748 (-92.9%), from €8,342 to €594
- Profit (loss) carried forward -€5,481
down €5,481 (-4.0%), from €135,464 to €129,983
- Other operating charges +€21,494
up €21,494 (+831.8%), from €2,584 to €24,078
- Staff costs -€12,769
down €12,769 (-48.8%), from €26,177 to €13,409
- Financial charges -€8,590
down €8,590 (-51.9%), from €16,547 to €7,956
- Gross operating margin -€8,417
down €8,417 (-16.9%), from €49,757 to €41,340
- Financial income +€7,048
up €7,048 (+19203.5%), from €37 to €7,084
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 | €479,997 | €388,508 | -€91,490 | -19.1% |
| Fixed assets | 21/28 | €246,941 | €238,102 | -€8,838 | -3.6% |
| Tangible fixed assets | 22/27 | €246,879 | €238,040 | -€8,838 | -3.6% |
| Land and buildings | 22 | €245,335 | €237,122 | -€8,213 | -3.3% |
| Plant, machinery and equipment | 23 | €1,544 | €919 | -€625 | -40.5% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €233,057 | €150,405 | -€82,652 | -35.5% |
| Amounts receivable within one year | 40/41 | €170,796 | €87,121 | -€83,676 | -49.0% |
| Trade receivables | 40 | - | €3,314 | +€3,314 | |
| Other amounts receivable | 41 | €170,796 | €83,806 | -€86,990 | -50.9% |
| Cash at bank and in hand | 54/58 | €583 | €0 | -€583 | -100.0% |
| Deferred charges and accrued income | 490/1 | €61,678 | €63,285 | +€1,607 | +2.6% |
| Total equity and liabilities | 10/49 | €479,997 | €388,508 | -€91,490 | -19.1% |
| Equity | 10/15 | €155,915 | €150,434 | -€5,481 | -3.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,464 | €129,983 | -€5,481 | -4.0% |
| Amounts payable | 17/49 | €324,083 | €238,074 | -€86,009 | -26.5% |
| Amounts payable after more than one year | 17 | €233,770 | €214,816 | -€18,954 | -8.1% |
| Financial debts | 170/4 | €233,770 | €214,816 | -€18,954 | -8.1% |
| Amounts payable within one year | 42/48 | €90,312 | €23,090 | -€67,222 | -74.4% |
| Current portion of amounts payable after more than one year | 42 | €18,954 | €18,954 | = | 0.0% |
| Financial debts | 43 | €8,342 | €594 | -€7,748 | -92.9% |
| Credit institutions | 430/8 | €8,342 | €594 | -€7,748 | -92.9% |
| Trade debts | 44 | €17,862 | €1,010 | -€16,852 | -94.3% |
| Suppliers | 440/4 | €17,862 | €1,010 | -€16,852 | -94.3% |
| Advances received on contracts in progress | 46 | - | €2,531 | +€2,531 | |
| Taxes, remuneration and social security | 45 | €45,154 | €0 | -€45,154 | -100.0% |
| Taxes | 450/3 | €45,154 | €0 | -€45,154 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Non-recurring operating income | 76A | - | €8,371 | +€8,371 | |
| Remuneration, social security and pensions | 62 | €26,177 | €13,409 | -€12,769 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,783 | €8,838 | +€55 | +0.6% |
| Other operating charges | 640/8 | €2,584 | €24,078 | +€21,494 | +831.8% |
| Non-recurring operating charges | 66A | - | €540 | +€540 | |
| Gross operating margin | 9900 | €49,757 | €41,340 | -€8,417 | -16.9% |
| Operating profit (loss) | 9901 | €12,213 | -€5,525 | -€17,738 | |
| Financial income | 75/76B | €37 | €7,084 | +€7,048 | +19203.5% |
| Recurring financial income | 75 | €37 | €7,084 | +€7,048 | +19203.5% |
| Financial charges | 65/66B | €16,547 | €7,956 | -€8,590 | -51.9% |
| Recurring financial charges | 65 | €16,547 | €7,956 | -€8,590 | -51.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,297 | -€6,397 | -€2,100 | -48.9% |
| Income taxes | 67/77 | - | -€916 | -€916 | |
| Profit (loss) for the period | 9904 | -€4,297 | -€5,481 | -€1,184 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,297 | -€5,481 | -€1,184 | -27.6% |
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 6 October 2026 via checked.be.