CORTHIM: 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.
CORTHIM
Largest movements
- Tangible fixed assets -€28,130
down €28,130 (-5.2%), from €544,144 to €516,014
of which Land and buildings: -€22,218
- Profit (loss) carried forward -€10,277
down €10,277 (-14.0%), from -€73,222 to -€83,499
- Other debts -€8,408
down €8,408 (-1.5%), from €553,008 to €544,600
- Debts after one year -€7,536
down €7,536 (-56.2%), from €13,420 to €5,884
- Depreciation +€339
up €339 (+1.2%), from €27,791 to €28,130
- Financial charges -€336
down €336 (-27.5%), from €1,220 to €884
- Gross operating margin -€268
down €268 (-1.4%), from €19,005 to €18,737
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 | €545,095 | €517,473 | -€27,622 | -5.1% |
| Fixed assets | 21/28 | €544,144 | €516,014 | -€28,130 | -5.2% |
| Tangible fixed assets | 22/27 | €544,144 | €516,014 | -€28,130 | -5.2% |
| Land and buildings | 22 | €528,681 | €506,462 | -€22,218 | -4.2% |
| Plant, machinery and equipment | 23 | €15,463 | €9,552 | -€5,911 | -38.2% |
| Current assets | 29/58 | €951 | €1,459 | +€507 | +53.3% |
| Cash at bank and in hand | 54/58 | €951 | €1,459 | +€507 | +53.3% |
| Total equity and liabilities | 10/49 | €545,095 | €517,473 | -€27,622 | -5.1% |
| Equity | 10/15 | -€33,565 | -€43,842 | -€10,277 | -30.6% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €2,457 | €2,457 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,457 | €2,457 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,457 | €2,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,222 | -€83,499 | -€10,277 | -14.0% |
| Amounts payable | 17/49 | €578,660 | €561,315 | -€17,345 | -3.0% |
| Amounts payable after more than one year | 17 | €13,420 | €5,884 | -€7,536 | -56.2% |
| Financial debts | 170/4 | €13,420 | €5,884 | -€7,536 | -56.2% |
| Amounts payable within one year | 42/48 | €565,240 | €555,431 | -€9,809 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €9,243 | €9,581 | +€339 | +3.7% |
| Trade debts | 44 | €2,990 | €1,250 | -€1,740 | -58.2% |
| Suppliers | 440/4 | €2,990 | €1,250 | -€1,740 | -58.2% |
| Other amounts payable | 47/48 | €553,008 | €544,600 | -€8,408 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,791 | €28,130 | +€339 | +1.2% |
| Gross operating margin | 9900 | €19,005 | €18,737 | -€268 | -1.4% |
| Operating profit (loss) | 9901 | -€8,786 | -€9,393 | -€607 | -6.9% |
| Financial charges | 65/66B | €1,220 | €884 | -€336 | -27.5% |
| Recurring financial charges | 65 | €1,220 | €884 | -€336 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,006 | -€10,277 | -€271 | -2.7% |
| Profit (loss) for the period | 9904 | -€10,006 | -€10,277 | -€271 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,006 | -€10,277 | -€271 | -2.7% |
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 11 October 2026 via checked.be.