CORTEX AGENCY: 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.
CORTEX AGENCY
Largest movements
- Receivables within one year +€38,360
up €38,360 (+1102.0%), from €3,481 to €41,841
of which Trade receivables: +€38,139
- Trade debts +€18,818
up €18,818 (+29116.6%), from €65 to €18,883
- Profit (loss) carried forward +€11,302
up €11,302 (+86.5%), from -€13,069 to -€1,767
- Other debts +€7,266
new in 2025: €7,266
- Tax, wage and social debts +€5,074
new in 2025: €5,074
- Debts after one year -€4,554
down €4,554 (-43.1%), from €10,570 to €6,016
- Gross operating margin +€10,127
up €10,127 (+199.1%), from €5,085 to €15,212
- Financial charges +€900
up €900 (+86.3%), from €1,043 to €1,942
- Taxes -€364
no longer reported in 2025 (was €364)
- Other operating charges +€318
up €318 (+352.2%), from €90 to €408
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 | €3,901 | €42,025 | +€38,123 | +977.2% |
| Current assets | 29/58 | €3,901 | €42,025 | +€38,123 | +977.2% |
| Amounts receivable within one year | 40/41 | €3,481 | €41,841 | +€38,360 | +1102.0% |
| Trade receivables | 40 | - | €38,139 | +€38,139 | |
| Other amounts receivable | 41 | €3,481 | €3,702 | +€221 | +6.3% |
| Cash at bank and in hand | 54/58 | €420 | €184 | -€237 | -56.3% |
| Total equity and liabilities | 10/49 | €3,901 | €42,025 | +€38,123 | +977.2% |
| Equity | 10/15 | -€11,069 | €233 | +€11,302 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,069 | -€1,767 | +€11,302 | +86.5% |
| Amounts payable | 17/49 | €14,970 | €41,792 | +€26,822 | +179.2% |
| Amounts payable after more than one year | 17 | €10,570 | €6,016 | -€4,554 | -43.1% |
| Financial debts | 170/4 | €10,570 | €6,016 | -€4,554 | -43.1% |
| Amounts payable within one year | 42/48 | €4,401 | €35,776 | +€31,376 | +713.0% |
| Current portion of amounts payable after more than one year | 42 | €4,336 | €4,554 | +€218 | +5.0% |
| Trade debts | 44 | €65 | €18,883 | +€18,818 | +29116.6% |
| Suppliers | 440/4 | €65 | €18,883 | +€18,818 | +29116.6% |
| Taxes, remuneration and social security | 45 | - | €5,074 | +€5,074 | |
| Taxes | 450/3 | - | €5,074 | +€5,074 | |
| Other amounts payable | 47/48 | - | €7,266 | +€7,266 | |
| Other operating charges | 640/8 | €90 | €408 | +€318 | +352.2% |
| Non-recurring operating charges | 66A | - | €1,688 | +€1,688 | |
| Gross operating margin | 9900 | €5,085 | €15,212 | +€10,127 | +199.1% |
| Operating profit (loss) | 9901 | €4,995 | €13,116 | +€8,121 | +162.6% |
| Financial income | 75/76B | €94 | €128 | +€34 | +35.8% |
| Recurring financial income | 75 | €94 | €128 | +€34 | +35.8% |
| Financial charges | 65/66B | €1,043 | €1,942 | +€900 | +86.3% |
| Recurring financial charges | 65 | €1,043 | €1,942 | +€900 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €4,046 | €11,302 | +€7,255 | +179.3% |
| Income taxes | 67/77 | €364 | - | -€364 | |
| Profit (loss) for the period | 9904 | €3,682 | €11,302 | +€7,620 | +206.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,682 | €11,302 | +€7,620 | +206.9% |
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 8 October 2026 via checked.be.