CORTIS1: 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.
CORTIS1
Largest movements
- Tangible fixed assets +€104,237
new in 2025: €104,237
of which Leasing and similar rights: +€101,750
- Cash +€71,157
up €71,157 (+951.8%), from €7,476 to €78,633
mainly Net result for the year (+€97,015) and Debts after one year (+€81,254)
- Receivables within one year +€37,667
new in 2025: €37,667
of which Other amounts receivable: +€36,878
- Deferred charges and accrued income +€15,000
up €15,000 (+150.0%), from €10,000 to €25,000
- Financial fixed assets +€3,200
new in 2025: €3,200
- Reserves +€97,015
up €97,015 (+1318.1%), from €7,360 to €104,375
- Debts after one year +€81,254
new in 2025: €81,254
- Tax, wage and social debts +€27,505
up €27,505 (+801.5%), from €3,432 to €30,937
- Current portion of long-term debt +€20,202
new in 2025: €20,202
- Other debts +€6,405
up €6,405 (+219.7%), from €2,915 to €9,319
- Gross operating margin +€122,166
up €122,166 (+1091.8%), from €11,190 to €133,356
- Taxes +€25,634
up €25,634 (+1337.4%), from €1,917 to €27,550
- Depreciation +€5,420
new in 2025: €5,420
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 | €17,476 | €248,737 | +€231,261 | +1323.3% |
| Fixed assets | 21/28 | - | €107,437 | +€107,437 | |
| Tangible fixed assets | 22/27 | - | €104,237 | +€104,237 | |
| Plant, machinery and equipment | 23 | - | €1,253 | +€1,253 | |
| Furniture and vehicles | 24 | - | €1,234 | +€1,234 | |
| Leasing and similar rights | 25 | - | €101,750 | +€101,750 | |
| Financial fixed assets | 28 | - | €3,200 | +€3,200 | |
| Current assets | 29/58 | €17,476 | €141,300 | +€123,824 | +708.5% |
| Amounts receivable within one year | 40/41 | - | €37,667 | +€37,667 | |
| Trade receivables | 40 | - | €789 | +€789 | |
| Other amounts receivable | 41 | - | €36,878 | +€36,878 | |
| Cash at bank and in hand | 54/58 | €7,476 | €78,633 | +€71,157 | +951.8% |
| Deferred charges and accrued income | 490/1 | €10,000 | €25,000 | +€15,000 | +150.0% |
| Total equity and liabilities | 10/49 | €17,476 | €248,737 | +€231,261 | +1323.3% |
| Equity | 10/15 | €9,860 | €106,875 | +€97,015 | +983.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €7,360 | €104,375 | +€97,015 | +1318.1% |
| Distributable reserves | 133 | €7,360 | €104,375 | +€97,015 | +1318.1% |
| Amounts payable | 17/49 | €7,616 | €141,862 | +€134,247 | +1762.8% |
| Amounts payable after more than one year | 17 | - | €81,254 | +€81,254 | |
| Financial debts | 170/4 | - | €81,254 | +€81,254 | |
| Amounts payable within one year | 42/48 | €7,466 | €60,458 | +€52,993 | +709.8% |
| Current portion of amounts payable after more than one year | 42 | - | €20,202 | +€20,202 | |
| Trade debts | 44 | €1,119 | €0 | -€1,119 | -100.0% |
| Suppliers | 440/4 | €1,119 | €0 | -€1,119 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,432 | €30,937 | +€27,505 | +801.5% |
| Taxes | 450/3 | €3,432 | €30,937 | +€27,505 | +801.5% |
| Other amounts payable | 47/48 | €2,915 | €9,319 | +€6,405 | +219.7% |
| Accrued charges and deferred income | 492/3 | €150 | €150 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,227 | €1,693 | +€466 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,420 | +€5,420 | |
| Other operating charges | 640/8 | €681 | €1,632 | +€951 | +139.5% |
| Gross operating margin | 9900 | €11,190 | €133,356 | +€122,166 | +1091.8% |
| Operating profit (loss) | 9901 | €9,281 | €124,610 | +€115,329 | +1242.7% |
| Financial charges | 65/66B | €4 | €45 | +€41 | +1100.0% |
| Recurring financial charges | 65 | €4 | €45 | +€41 | +1100.0% |
| Profit (loss) for the period before taxes | 9903 | €9,277 | €124,565 | +€115,288 | +1242.7% |
| Income taxes | 67/77 | €1,917 | €27,550 | +€25,634 | +1337.4% |
| Profit (loss) for the period | 9904 | €7,360 | €97,015 | +€89,654 | +1218.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,360 | €97,015 | +€89,654 | +1218.1% |
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 7 October 2026 via checked.be.