CORTEZ NY: 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.
CORTEZ NY
Largest movements
- Financial fixed assets -€2.7m
down €2.7m (-8.1%), from €32.7m to €30.1m
- Contributions -€2.7m
down €2.7m (-8.1%), from €32.9m to €30.2m
No income-statement line moved by more than 1% of the activity.
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 | €32,845,006 | €30,122,319 | -€2.7m | -8.3% |
| Fixed assets | 21/28 | €32,717,581 | €30,053,887 | -€2.7m | -8.1% |
| Financial fixed assets | 28 | €32,717,581 | €30,053,887 | -€2.7m | -8.1% |
| Other financial fixed assets | 284/8 | €32,717,581 | €30,053,887 | -€2.7m | -8.1% |
| Shares | 284 | €32,717,581 | €30,053,887 | -€2.7m | -8.1% |
| Current assets | 29/58 | €127,425 | €68,432 | -€58,993 | -46.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Other investments | 51/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €127,425 | €8,368 | -€119,057 | -93.4% |
| Deferred charges and accrued income | 490/1 | - | €65 | +€65 | |
| Total equity and liabilities | 10/49 | €32,845,006 | €30,122,319 | -€2.7m | -8.3% |
| Equity | 10/15 | €32,792,280 | €30,113,738 | -€2.7m | -8.2% |
| Contributions | 10/11 | €32,911,500 | €30,248,500 | -€2.7m | -8.1% |
| Capital | 10 | €32,911,500 | €30,248,500 | -€2.7m | -8.1% |
| Issued capital | 100 | €32,911,500 | €30,248,500 | -€2.7m | -8.1% |
| Profit (loss) carried forward | 14 | -€119,220 | -€134,762 | -€15,542 | -13.0% |
| Amounts payable | 17/49 | €52,726 | €8,581 | -€44,145 | -83.7% |
| Amounts payable within one year | 42/48 | €52,726 | €8,581 | -€44,145 | -83.7% |
| Trade debts | 44 | €50,888 | €8,581 | -€42,308 | -83.1% |
| Suppliers | 440/4 | €50,888 | €8,581 | -€42,308 | -83.1% |
| Other amounts payable | 47/48 | €1,838 | €0 | -€1,838 | -100% |
| Operating charges | 60/66A | €118,571 | €16,238 | -€102,333 | -86.3% |
| Services and other goods | 61 | €117,165 | €15,536 | -€101,628 | -86.7% |
| Other operating charges | 640/8 | €1,407 | €702 | -€704 | -50.1% |
| Operating profit (loss) | 9901 | -€118,571 | -€16,238 | +€102,333 | +86.3% |
| Financial income | 75/76B | €545 | €1,234 | +€689 | +127% |
| Recurring financial income | 75 | €545 | €1,234 | +€689 | +127% |
| Income from current assets | 751 | €545 | €1,234 | +€689 | +127% |
| Financial charges | 65/66B | €1,193 | €538 | -€656 | -54.9% |
| Recurring financial charges | 65 | €1,193 | €538 | -€656 | -54.9% |
| Other financial charges | 652/9 | €1,193 | €538 | -€656 | -54.9% |
| Profit (loss) for the period before taxes | 9903 | -€119,220 | -€15,542 | +€103,678 | +87.0% |
| Profit (loss) for the period | 9904 | -€119,220 | -€15,542 | +€103,678 | +87.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,220 | -€15,542 | +€103,678 | +87.0% |
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 20 October 2026 via checked.be.