CORTIMMO: what changed
Two fiscal 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.
CORTIMMO
Largest movements
- Cash -€57,499
down €57,499 (-76.8%), from €74,830 to €17,332
mainly Debts after one year (-€80,000) and Net result for the year (-€33,242)
- Receivables within one year +€8,975
up €8,975 (+55.2%), from €16,259 to €25,234
of which Trade receivables: +€10,161
- Tangible fixed assets +€7,477
up €7,477 (+4.4%), from €171,345 to €178,822
- Current investments -€4,100
down €4,100 (-6.0%), from €68,270 to €64,170
- Debts after one year -€80,000
down €80,000 (-100.0%), from €80,000 to €0
- Other debts +€75,386
up €75,386 (+4979.3%), from €1,514 to €76,900
- Profit (loss) carried forward -€30,981
new in 2025: -€30,981
- Trade debts -€5,188
down €5,188 (-29.5%), from €17,604 to €12,416
- Gross operating margin -€103,859
down €103,859, from €96,363 to -€7,496
- Taxes -€16,801
down €16,801 (-99.5%), from €16,893 to €92
- Financial charges -€12,687
down €12,687 (-68.0%), from €18,659 to €5,972
- Depreciation +€5,226
up €5,226 (+36.9%), from €14,150 to €19,376
- Financial income +€2,100
up €2,100 (+135.9%), from €1,545 to €3,645
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 | €332,635 | €287,629 | -€45,006 | -13.5% |
| Fixed assets | 21/28 | €171,345 | €178,822 | +€7,477 | +4.4% |
| Tangible fixed assets | 22/27 | €171,345 | €178,822 | +€7,477 | +4.4% |
| Land and buildings | 22 | €171,345 | €178,822 | +€7,477 | +4.4% |
| Current assets | 29/58 | €161,290 | €108,808 | -€52,483 | -32.5% |
| Amounts receivable within one year | 40/41 | €16,259 | €25,234 | +€8,975 | +55.2% |
| Trade receivables | 40 | - | €10,161 | +€10,161 | |
| Other amounts receivable | 41 | €16,259 | €15,073 | -€1,186 | -7.3% |
| Current investments | 50/53 | €68,270 | €64,170 | -€4,100 | -6.0% |
| Cash at bank and in hand | 54/58 | €74,830 | €17,332 | -€57,499 | -76.8% |
| Deferred charges and accrued income | 490/1 | €1,931 | €2,072 | +€141 | +7.3% |
| Total equity and liabilities | 10/49 | €332,635 | €287,629 | -€45,006 | -13.5% |
| Equity | 10/15 | €212,891 | €179,649 | -€33,242 | -15.6% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €88,944 | €86,683 | -€2,261 | -2.5% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,129 | €24,868 | -€2,261 | -8.3% |
| Distributable reserves | 133 | €49,420 | €49,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,981 | -€30,981 | |
| Provisions and deferred taxes | 16 | €13,969 | €12,805 | -€1,164 | -8.3% |
| Deferred taxes | 168 | €13,969 | €12,805 | -€1,164 | -8.3% |
| Amounts payable | 17/49 | €105,775 | €95,175 | -€10,600 | -10.0% |
| Amounts payable after more than one year | 17 | €80,000 | €0 | -€80,000 | -100.0% |
| Financial debts | 170/4 | €80,000 | €0 | -€80,000 | -100.0% |
| Amounts payable within one year | 42/48 | €19,375 | €89,630 | +€70,255 | +362.6% |
| Trade debts | 44 | €17,604 | €12,416 | -€5,188 | -29.5% |
| Suppliers | 440/4 | €17,604 | €12,416 | -€5,188 | -29.5% |
| Taxes, remuneration and social security | 45 | €257 | €314 | +€57 | +22.2% |
| Taxes | 450/3 | €257 | €314 | +€57 | +22.2% |
| Other amounts payable | 47/48 | €1,514 | €76,900 | +€75,386 | +4979.3% |
| Accrued charges and deferred income | 492/3 | €6,400 | €5,544 | -€856 | -13.4% |
| Non-recurring operating income | 76A | €86,353 | €0 | -€86,353 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,150 | €19,376 | +€5,226 | +36.9% |
| Other operating charges | 640/8 | €4,798 | €5,114 | +€317 | +6.6% |
| Gross operating margin | 9900 | €96,363 | -€7,496 | -€103,859 | |
| Operating profit (loss) | 9901 | €77,415 | -€31,987 | -€109,402 | |
| Financial income | 75/76B | €1,545 | €3,645 | +€2,100 | +135.9% |
| Recurring financial income | 75 | €1,545 | €3,645 | +€2,100 | +135.9% |
| Financial charges | 65/66B | €18,659 | €5,972 | -€12,687 | -68.0% |
| Recurring financial charges | 65 | €18,659 | €5,972 | -€12,687 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €60,302 | -€34,314 | -€94,616 | |
| Transfer from deferred taxes | 780 | €1,164 | €1,164 | = | 0.0% |
| Income taxes | 67/77 | €16,893 | €92 | -€16,801 | -99.5% |
| Profit (loss) for the period | 9904 | €44,573 | -€33,242 | -€77,815 | |
| Transfer from tax-exempt reserves | 789 | €2,261 | €2,261 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,834 | -€30,981 | -€77,815 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.