Cortibi: what changed
Cortibi
Largest movements
- Receivables within one year -€456,859
down €456,859 (-91.7%), from €497,968 to €41,109
of which Other amounts receivable: -€439,380
- Cash -€45,502
down €45,502 (-98.7%), from €46,111 to €608
mainly Contributions, distributions and other (-€600,000) and Tax, wage and social debts (-€8,483)
- Receivables after one year -€21,000
no longer reported in 2025 (was €21,000)
- Profit (loss) carried forward -€525,857
down €525,857 (-93.2%), from €564,069 to €38,212
- Other debts +€11,107
new in 2025: €11,107
- Tax, wage and social debts -€8,483
down €8,483 (-55.2%), from €15,370 to €6,887
- Gross operating margin -€195,899
down €195,899 (-66.4%), from €294,841 to €98,942
- Taxes -€48,546
down €48,546 (-71.2%), from €68,228 to €19,682
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,644 | €59,750 | -€523,894 | -89.8% |
| Fixed assets | 21/28 | €17,669 | €17,012 | -€657 | -3.7% |
| Tangible fixed assets | 22/27 | €17,669 | €17,012 | -€657 | -3.7% |
| Furniture and vehicles | 24 | €6,923 | €5,025 | -€1,898 | -27.4% |
| Other tangible fixed assets | 26 | €10,746 | €11,987 | +€1,241 | +11.6% |
| Current assets | 29/58 | €565,975 | €42,737 | -€523,237 | -92.4% |
| Amounts receivable after more than one year | 29 | €21,000 | - | -€21,000 | |
| Other amounts receivable | 291 | €21,000 | - | -€21,000 | |
| Amounts receivable within one year | 40/41 | €497,968 | €41,109 | -€456,859 | -91.7% |
| Trade receivables | 40 | €41,033 | €23,553 | -€17,479 | -42.6% |
| Other amounts receivable | 41 | €456,936 | €17,556 | -€439,380 | -96.2% |
| Cash at bank and in hand | 54/58 | €46,111 | €608 | -€45,502 | -98.7% |
| Deferred charges and accrued income | 490/1 | €896 | €1,020 | +€124 | +13.9% |
| Total equity and liabilities | 10/49 | €583,644 | €59,750 | -€523,894 | -89.8% |
| Equity | 10/15 | €567,069 | €41,212 | -€525,857 | -92.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €564,069 | €38,212 | -€525,857 | -93.2% |
| Amounts payable | 17/49 | €16,575 | €18,538 | +€1,963 | +11.8% |
| Amounts payable within one year | 42/48 | €16,575 | €18,538 | +€1,963 | +11.8% |
| Trade debts | 44 | €1,204 | €544 | -€661 | -54.8% |
| Suppliers | 440/4 | €1,204 | €544 | -€661 | -54.8% |
| Taxes, remuneration and social security | 45 | €15,370 | €6,887 | -€8,483 | -55.2% |
| Taxes | 450/3 | €15,370 | €6,887 | -€8,483 | -55.2% |
| Other amounts payable | 47/48 | - | €11,107 | +€11,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,852 | €4,552 | -€2,300 | -33.6% |
| Other operating charges | 640/8 | €937 | €837 | -€101 | -10.7% |
| Gross operating margin | 9900 | €294,841 | €98,942 | -€195,899 | -66.4% |
| Operating profit (loss) | 9901 | €287,051 | €93,553 | -€193,498 | -67.4% |
| Financial income | 75/76B | €642 | €350 | -€292 | -45.5% |
| Recurring financial income | 75 | €642 | €350 | -€292 | -45.5% |
| Financial charges | 65/66B | €291 | €78 | -€213 | -73.2% |
| Recurring financial charges | 65 | €291 | €78 | -€213 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €287,402 | €93,825 | -€193,577 | -67.4% |
| Income taxes | 67/77 | €68,228 | €19,682 | -€48,546 | -71.2% |
| Profit (loss) for the period | 9904 | €219,174 | €74,143 | -€145,031 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €219,174 | €74,143 | -€145,031 | -66.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.