Cortim International: 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.
Cortim International
Largest movements
- Deferred charges and accrued income -€4,212
no longer reported in 2024 (was €4,212)
- Stocks and contracts -€3,995
no longer reported in 2024 (was €3,995)
- Cash -€1,138
down €1,138 (-18.8%), from €6,059 to €4,921
mainly Tax, wage and social debts (-€14,024) and Other debts (-€11,607)
- Profit (loss) carried forward +€14,991
up €14,991 (+1,070%), from €1,401 to €16,392
- Tax, wage and social debts -€14,024
no longer reported in 2024 (was €14,024)
- Other debts -€11,607
down €11,607 (-17.5%), from €66,421 to €54,814
- Trade debts +€1,596
new in 2024: €1,596
- Gross operating margin +€15,320
up €15,320 (+694%), from €2,207 to €17,526
- Other operating charges +€1,706
up €1,706 (+1,227%), from €139 to €1,845
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,266 | €99,921 | -€9,345 | -8.6% |
| Fixed assets | 21/28 | €95,000 | €95,000 | = | 0.0% |
| Financial fixed assets | 28 | €95,000 | €95,000 | = | 0.0% |
| Current assets | 29/58 | €14,266 | €4,921 | -€9,345 | -65.5% |
| Stocks and contracts in progress | 3 | €3,995 | - | -€3,995 | |
| Stocks | 30/36 | €3,995 | - | -€3,995 | |
| Cash at bank and in hand | 54/58 | €6,059 | €4,921 | -€1,138 | -18.8% |
| Deferred charges and accrued income | 490/1 | €4,212 | - | -€4,212 | |
| Total equity and liabilities | 10/49 | €109,266 | €99,921 | -€9,345 | -8.6% |
| Equity | 10/15 | €26,570 | €41,561 | +€14,991 | +56.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,169 | €23,169 | = | 0.0% |
| Distributable reserves | 133 | €23,169 | €23,169 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,401 | €16,392 | +€14,991 | +1,070% |
| Amounts payable | 17/49 | €82,696 | €58,360 | -€24,336 | -29.4% |
| Amounts payable within one year | 42/48 | €80,446 | €56,410 | -€24,036 | -29.9% |
| Trade debts | 44 | - | €1,596 | +€1,596 | |
| Suppliers | 440/4 | - | €1,596 | +€1,596 | |
| Taxes, remuneration and social security | 45 | €14,024 | - | -€14,024 | |
| Taxes | 450/3 | €14,024 | - | -€14,024 | |
| Other amounts payable | 47/48 | €66,421 | €54,814 | -€11,607 | -17.5% |
| Accrued charges and deferred income | 492/3 | €2,250 | €1,950 | -€300 | -13.3% |
| Other operating charges | 640/8 | €139 | €1,845 | +€1,706 | +1,227% |
| Gross operating margin | 9900 | €2,207 | €17,526 | +€15,320 | +694% |
| Operating profit (loss) | 9901 | €2,068 | €15,681 | +€13,614 | +658% |
| Financial charges | 65/66B | €666 | €690 | +€24 | +3.6% |
| Recurring financial charges | 65 | €666 | €690 | +€24 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €1,401 | €14,991 | +€13,589 | +970% |
| Profit (loss) for the period | 9904 | €1,401 | €14,991 | +€13,589 | +970% |
| Profit (loss) for the period to be appropriated | 9905 | €1,401 | €14,991 | +€13,589 | +970% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.