CORTOOS K.: 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.
CORTOOS K.
Largest movements
- Cash +€23,916
up €23,916 (+63.1%), from €37,891 to €61,807
mainly Depreciation (+€14,872) and Receivables within one year (+€13,290)
- Stocks and contracts +€13,669
up €13,669 (+50.8%), from €26,882 to €40,551
- Receivables within one year -€13,290
down €13,290 (-37.0%), from €35,939 to €22,649
of which Trade receivables: -€9,496
- Tangible fixed assets -€13,100
down €13,100 (-13.4%), from €97,974 to €84,873
- Deferred charges and accrued income -€5,309
down €5,309 (-43.9%), from €12,105 to €6,797
- Reserves +€11,525
new in 2025: €11,525
- Debts after one year -€6,273
down €6,273 (-10.6%), from €59,113 to €52,841
- Tax, wage and social debts +€4,427
up €4,427 (+115%), from €3,849 to €8,276
of which Taxes: +€4,117
- Trade debts -€4,369
down €4,369 (-40.1%), from €10,889 to €6,520
- Gross operating margin +€7,036
up €7,036 (+12.8%), from €54,895 to €61,931
- Staff costs +€1,405
up €1,405 (+6.8%), from €20,793 to €22,198
- Depreciation +€1,189
up €1,189 (+8.7%), from €13,683 to €14,872
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.
Derived cash bridge
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 | €210,791 | €216,677 | +€5,886 | +2.8% |
| Fixed assets | 21/28 | €97,974 | €84,873 | -€13,100 | -13.4% |
| Tangible fixed assets | 22/27 | €97,974 | €84,873 | -€13,100 | -13.4% |
| Land and buildings | 22 | €64,751 | €60,940 | -€3,812 | -5.9% |
| Plant, machinery and equipment | 23 | €27,700 | €22,471 | -€5,229 | -18.9% |
| Furniture and vehicles | 24 | €1,135 | - | -€1,135 | |
| Leasing and similar rights | 25 | €4,388 | €1,463 | -€2,925 | -66.7% |
| Current assets | 29/58 | €112,817 | €131,804 | +€18,987 | +16.8% |
| Stocks and contracts in progress | 3 | €26,882 | €40,551 | +€13,669 | +50.8% |
| Stocks | 30/36 | €26,882 | €40,551 | +€13,669 | +50.8% |
| Amounts receivable within one year | 40/41 | €35,939 | €22,649 | -€13,290 | -37.0% |
| Trade receivables | 40 | €28,354 | €18,858 | -€9,496 | -33.5% |
| Other amounts receivable | 41 | €7,585 | €3,791 | -€3,794 | -50.0% |
| Cash at bank and in hand | 54/58 | €37,891 | €61,807 | +€23,916 | +63.1% |
| Deferred charges and accrued income | 490/1 | €12,105 | €6,797 | -€5,309 | -43.9% |
| Total equity and liabilities | 10/49 | €210,791 | €216,677 | +€5,886 | +2.8% |
| Equity | 10/15 | €88,719 | €100,244 | +€11,525 | +13.0% |
| Contributions | 10/11 | €88,592 | €88,592 | = | 0.0% |
| Reserves | 13 | - | €11,525 | +€11,525 | |
| Distributable reserves | 133 | - | €11,525 | +€11,525 | |
| Profit (loss) carried forward | 14 | €127 | €127 | = | 0.0% |
| Amounts payable | 17/49 | €122,071 | €116,433 | -€5,639 | -4.6% |
| Amounts payable after more than one year | 17 | €59,113 | €52,841 | -€6,273 | -10.6% |
| Financial debts | 170/4 | €59,113 | €52,841 | -€6,273 | -10.6% |
| Amounts payable within one year | 42/48 | €62,958 | €63,592 | +€634 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €6,034 | €6,273 | +€239 | +4.0% |
| Trade debts | 44 | €10,889 | €6,520 | -€4,369 | -40.1% |
| Suppliers | 440/4 | €10,889 | €6,520 | -€4,369 | -40.1% |
| Taxes, remuneration and social security | 45 | €3,849 | €8,276 | +€4,427 | +115% |
| Taxes | 450/3 | €632 | €4,749 | +€4,117 | +651% |
| Remuneration and social security | 454/9 | €3,217 | €3,527 | +€310 | +9.6% |
| Other amounts payable | 47/48 | €42,186 | €42,523 | +€337 | +0.8% |
| Remuneration, social security and pensions | 62 | €20,793 | €22,198 | +€1,405 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,683 | €14,872 | +€1,189 | +8.7% |
| Other operating charges | 640/8 | €3,990 | €4,129 | +€139 | +3.5% |
| Gross operating margin | 9900 | €54,895 | €61,931 | +€7,036 | +12.8% |
| Operating profit (loss) | 9901 | €16,429 | €20,731 | +€4,302 | +26.2% |
| Financial income | 75/76B | €187 | €18 | -€169 | -90.6% |
| Recurring financial income | 75 | €166 | €18 | -€148 | -89.4% |
| Non-recurring financial income | 76B | €21 | - | -€21 | |
| Financial charges | 65/66B | €3,351 | €3,503 | +€152 | +4.5% |
| Recurring financial charges | 65 | €3,351 | €3,503 | +€152 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €13,265 | €17,246 | +€3,981 | +30.0% |
| Income taxes | 67/77 | €5,488 | €5,721 | +€232 | +4.2% |
| Profit (loss) for the period | 9904 | €7,777 | €11,525 | +€3,748 | +48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,777 | €11,525 | +€3,748 | +48.2% |
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 15 October 2026 via checked.be.