CORSWAREM WINDOW CREATIONS: 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.
CORSWAREM WINDOW CREATIONS
Largest movements
- Cash -€207,798
down €207,798 (-21.4%), from €972,716 to €764,918
mainly Contributions, distributions and other (-€748,251) and Trade debts (-€120,182)
- Receivables within one year +€112,541
up €112,541 (+233%), from €48,244 to €160,785
of which Trade receivables: +€106,087
- Tangible fixed assets +€37,154
up €37,154 (+32.0%), from €116,156 to €153,310
of which Furniture and vehicles: +€45,551
- Other debts +€693,266
new in 2026: €693,266
- Reserves -€647,268
down €647,268 (-71.3%), from €907,718 to €260,450
of which Distributable reserves: -€647,268
- Trade debts -€120,182
down €120,182 (-80.4%), from €149,463 to €29,281
- Tax, wage and social debts +€19,770
up €19,770 (+66.0%), from €29,935 to €49,705
of which Taxes: +€25,657
- Gross operating margin -€42,771
down €42,771 (-13.5%), from €316,956 to €274,185
- Staff costs -€27,142
down €27,142 (-21.9%), from €124,117 to €96,975
- Depreciation +€10,377
up €10,377 (+29.4%), from €35,350 to €45,727
- Taxes -€5,025
down €5,025 (-13.1%), from €38,453 to €33,428
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,137,117 | €1,082,702 | -€54,414 | -4.8% |
| Fixed assets | 21/28 | €116,156 | €153,310 | +€37,154 | +32.0% |
| Tangible fixed assets | 22/27 | €116,156 | €153,310 | +€37,154 | +32.0% |
| Land and buildings | 22 | €9,608 | €1,210 | -€8,397 | -87.4% |
| Furniture and vehicles | 24 | €106,549 | €152,100 | +€45,551 | +42.8% |
| Current assets | 29/58 | €1,020,960 | €929,392 | -€91,568 | -9.0% |
| Amounts receivable within one year | 40/41 | €48,244 | €160,785 | +€112,541 | +233% |
| Trade receivables | 40 | €28,080 | €134,167 | +€106,087 | +378% |
| Other amounts receivable | 41 | €20,164 | €26,618 | +€6,454 | +32.0% |
| Cash at bank and in hand | 54/58 | €972,716 | €764,918 | -€207,798 | -21.4% |
| Deferred charges and accrued income | 490/1 | - | €3,689 | +€3,689 | |
| Total equity and liabilities | 10/49 | €1,137,117 | €1,082,702 | -€54,414 | -4.8% |
| Equity | 10/15 | €957,718 | €310,450 | -€647,268 | -67.6% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €907,718 | €260,450 | -€647,268 | -71.3% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €883,968 | €236,700 | -€647,268 | -73.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €179,398 | €772,252 | +€592,854 | +330% |
| Amounts payable within one year | 42/48 | €179,398 | €772,252 | +€592,854 | +330% |
| Trade debts | 44 | €149,463 | €29,281 | -€120,182 | -80.4% |
| Suppliers | 440/4 | €149,463 | €29,281 | -€120,182 | -80.4% |
| Taxes, remuneration and social security | 45 | €29,935 | €49,705 | +€19,770 | +66.0% |
| Taxes | 450/3 | €2,214 | €27,872 | +€25,657 | +1,159% |
| Remuneration and social security | 454/9 | €27,721 | €21,833 | -€5,888 | -21.2% |
| Other amounts payable | 47/48 | - | €693,266 | +€693,266 | |
| Remuneration, social security and pensions | 62 | €124,117 | €96,975 | -€27,142 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,350 | €45,727 | +€10,377 | +29.4% |
| Other operating charges | 640/8 | €1,577 | €3,339 | +€1,762 | +112% |
| Non-recurring operating charges | 66A | - | €7,703 | +€7,703 | |
| Gross operating margin | 9900 | €316,956 | €274,185 | -€42,771 | -13.5% |
| Operating profit (loss) | 9901 | €155,912 | €120,440 | -€35,472 | -22.8% |
| Financial income | 75/76B | €16,063 | €14,224 | -€1,839 | -11.4% |
| Recurring financial income | 75 | €16,063 | €14,224 | -€1,839 | -11.4% |
| Financial charges | 65/66B | €113 | €253 | +€141 | +125% |
| Recurring financial charges | 65 | €113 | €253 | +€141 | +125% |
| Profit (loss) for the period before taxes | 9903 | €171,863 | €134,411 | -€37,451 | -21.8% |
| Income taxes | 67/77 | €38,453 | €33,428 | -€5,025 | -13.1% |
| Profit (loss) for the period | 9904 | €133,409 | €100,983 | -€32,426 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €133,409 | €100,983 | -€32,426 | -24.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.