CORTEX ICT: 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.
CORTEX ICT
Largest movements
- Tangible fixed assets -€36,799
down €36,799 (-38.8%), from €94,751 to €57,952
of which Furniture and vehicles: -€30,195
- Cash -€28,184
down €28,184 (-99.8%), from €28,252 to €68
mainly Net result for the year (-€50,848) and Tax, wage and social debts (-€17,139)
- Receivables within one year -€4,981
down €4,981 (-53.5%), from €9,316 to €4,334
of which Trade receivables: -€9,033
- Deferred charges and accrued income -€2,314
down €2,314 (-96.2%), from €2,405 to €92
- Profit (loss) carried forward -€50,848
down €50,848 (-842%), from -€6,036 to -€56,884
- Tax, wage and social debts -€17,139
down €17,139 (-40.4%), from €42,460 to €25,321
of which Remuneration and social security: -€11,787
- Trade debts -€4,291
down €4,291 (-4.8%), from €90,324 to €86,034
- Turnover -€62,519
down €62,519 (-93.8%), from €66,666 to €4,147
- Gross operating margin -€38,204
down €38,204, from €36,001 to -€2,203
- Staff costs -€32,673
down €32,673 (-88.4%), from €36,950 to €4,277
- Purchases and services -€26,118
down €26,118 (-72.9%), from €35,821 to €9,703
- Other operating charges -€13,155
down €13,155 (-92.2%), from €14,266 to €1,112
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 | €134,808 | €62,530 | -€72,278 | -53.6% |
| Fixed assets | 21/28 | €94,835 | €58,036 | -€36,799 | -38.8% |
| Tangible fixed assets | 22/27 | €94,751 | €57,952 | -€36,799 | -38.8% |
| Furniture and vehicles | 24 | €61,148 | €30,953 | -€30,195 | -49.4% |
| Other tangible fixed assets | 26 | €33,603 | €26,999 | -€6,603 | -19.7% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €39,973 | €4,494 | -€35,479 | -88.8% |
| Amounts receivable within one year | 40/41 | €9,316 | €4,334 | -€4,981 | -53.5% |
| Trade receivables | 40 | €9,316 | €283 | -€9,033 | -97.0% |
| Other amounts receivable | 41 | - | €4,051 | +€4,051 | |
| Cash at bank and in hand | 54/58 | €28,252 | €68 | -€28,184 | -99.8% |
| Deferred charges and accrued income | 490/1 | €2,405 | €92 | -€2,314 | -96.2% |
| Total equity and liabilities | 10/49 | €134,808 | €62,530 | -€72,278 | -53.6% |
| Equity | 10/15 | €2,024 | -€48,824 | -€50,848 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,036 | -€56,884 | -€50,848 | -842% |
| Amounts payable | 17/49 | €132,784 | €111,355 | -€21,430 | -16.1% |
| Amounts payable within one year | 42/48 | €132,784 | €111,355 | -€21,430 | -16.1% |
| Trade debts | 44 | €90,324 | €86,034 | -€4,291 | -4.8% |
| Suppliers | 440/4 | €90,324 | €86,034 | -€4,291 | -4.8% |
| Taxes, remuneration and social security | 45 | €42,460 | €25,321 | -€17,139 | -40.4% |
| Taxes | 450/3 | €5,569 | €217 | -€5,352 | -96.1% |
| Remuneration and social security | 454/9 | €36,891 | €25,104 | -€11,787 | -32.0% |
| Turnover | 70 | €66,666 | €4,147 | -€62,519 | -93.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,821 | €9,703 | -€26,118 | -72.9% |
| Remuneration, social security and pensions | 62 | €36,950 | €4,277 | -€32,673 | -88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,426 | €36,799 | -€627 | -1.7% |
| Other operating charges | 640/8 | €14,266 | €1,112 | -€13,155 | -92.2% |
| Non-recurring operating charges | 66A | - | €5,950 | +€5,950 | |
| Gross operating margin | 9900 | €36,001 | -€2,203 | -€38,204 | |
| Operating profit (loss) | 9901 | -€52,641 | -€50,340 | +€2,301 | +4.4% |
| Financial charges | 65/66B | €3,008 | €150 | -€2,858 | -95.0% |
| Recurring financial charges | 65 | €3,008 | €150 | -€2,858 | -95.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,649 | -€50,490 | +€5,159 | +9.3% |
| Income taxes | 67/77 | €5,267 | €358 | -€4,909 | -93.2% |
| Profit (loss) for the period | 9904 | -€60,917 | -€50,848 | +€10,068 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,917 | -€50,848 | +€10,068 | +16.5% |
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 14 October 2026 via checked.be.