Cortana: 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.
Cortana
Largest movements
- Cash +€23,882
up €23,882 (+190%), from €12,592 to €36,475
mainly Net result for the year (+€16,718) and Receivables within one year (+€12,527)
- Receivables within one year -€12,527
down €12,527 (-66.0%), from €18,980 to €6,453
of which Trade receivables: -€12,930
- Tangible fixed assets +€1,696
new in 2025: €1,696
- Profit (loss) carried forward +€16,718
up €16,718 (+90.0%), from €18,577 to €35,295
- Tax, wage and social debts -€3,232
down €3,232 (-38.5%), from €8,394 to €5,162
- Trade debts -€2,202
down €2,202 (-99.0%), from €2,224 to €23
- Other debts +€2,119
up €2,119 (+445%), from €476 to €2,595
- Gross operating margin -€2,311
down €2,311 (-9.6%), from €24,051 to €21,740
- Taxes -€610
down €610 (-11.7%), from €5,207 to €4,598
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 | €31,672 | €45,074 | +€13,402 | +42.3% |
| Fixed assets | 21/28 | - | €1,696 | +€1,696 | |
| Tangible fixed assets | 22/27 | - | €1,696 | +€1,696 | |
| Plant, machinery and equipment | 23 | - | €1,696 | +€1,696 | |
| Current assets | 29/58 | €31,672 | €43,378 | +€11,707 | +37.0% |
| Amounts receivable within one year | 40/41 | €18,980 | €6,453 | -€12,527 | -66.0% |
| Trade receivables | 40 | €18,980 | €6,050 | -€12,930 | -68.1% |
| Other amounts receivable | 41 | - | €403 | +€403 | |
| Cash at bank and in hand | 54/58 | €12,592 | €36,475 | +€23,882 | +190% |
| Deferred charges and accrued income | 490/1 | €100 | €451 | +€351 | +353% |
| Total equity and liabilities | 10/49 | €31,672 | €45,074 | +€13,402 | +42.3% |
| Equity | 10/15 | €20,577 | €37,295 | +€16,718 | +81.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,577 | €35,295 | +€16,718 | +90.0% |
| Amounts payable | 17/49 | €11,095 | €7,779 | -€3,315 | -29.9% |
| Amounts payable within one year | 42/48 | €11,095 | €7,779 | -€3,315 | -29.9% |
| Trade debts | 44 | €2,224 | €23 | -€2,202 | -99.0% |
| Suppliers | 440/4 | €2,224 | €23 | -€2,202 | -99.0% |
| Taxes, remuneration and social security | 45 | €8,394 | €5,162 | -€3,232 | -38.5% |
| Taxes | 450/3 | €8,394 | €5,162 | -€3,232 | -38.5% |
| Other amounts payable | 47/48 | €476 | €2,595 | +€2,119 | +445% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €215 | +€215 | |
| Other operating charges | 640/8 | €171 | €120 | -€51 | -29.8% |
| Gross operating margin | 9900 | €24,051 | €21,740 | -€2,311 | -9.6% |
| Operating profit (loss) | 9901 | €23,880 | €21,405 | -€2,475 | -10.4% |
| Financial charges | 65/66B | €95 | €90 | -€6 | -5.9% |
| Recurring financial charges | 65 | €95 | €90 | -€6 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €23,785 | €21,315 | -€2,470 | -10.4% |
| Income taxes | 67/77 | €5,207 | €4,598 | -€610 | -11.7% |
| Profit (loss) for the period | 9904 | €18,577 | €16,718 | -€1,860 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,577 | €16,718 | -€1,860 | -10.0% |
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 1 November 2026 via checked.be.