CORTORIA: 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.
CORTORIA
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-99.4%), from €1.1m to €6,899
of which Other amounts receivable: -€1.1m
- Cash +€1.1m
up €1.1m (+5,301%), from €20,334 to €1.1m
mainly Receivables within one year (+€1.1m) and Net result for the year (+€25,812)
- Provisions -€43,895
down €43,895 (-18.5%), from €236,645 to €192,750
- Profit (loss) carried forward +€25,812
up €25,812 (+2.2%), from -€1.2m to -€1.2m
- Gross operating margin +€38,098
up €38,098 (+50.0%), from -€76,220 to -€38,121
- Financial income -€17,127
down €17,127 (-34.0%), from €50,315 to €33,188
- Other operating charges +€6,641
up €6,641 (+599%), from €1,108 to €7,749
- Provisions -€3,970
down €3,970 (-9.9%), from -€39,925 to -€43,895
- Financial charges +€2,245
up €2,245 (+71.2%), from €3,156 to €5,401
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 | €1,131,484 | €1,114,108 | -€17,376 | -1.5% |
| Current assets | 29/58 | €1,131,484 | €1,114,108 | -€17,376 | -1.5% |
| Stocks and contracts in progress | 3 | €8,996 | €8,996 | = | 0.0% |
| Contracts in progress | 37 | €8,996 | €8,996 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,102,153 | €6,899 | -€1.1m | -99.4% |
| Trade receivables | 40 | €764 | - | -€764 | |
| Other amounts receivable | 41 | €1,101,390 | €6,899 | -€1.1m | -99.4% |
| Cash at bank and in hand | 54/58 | €20,334 | €1,098,213 | +€1.1m | +5,301% |
| Total equity and liabilities | 10/49 | €1,131,484 | €1,114,108 | -€17,376 | -1.5% |
| Equity | 10/15 | €881,636 | €907,448 | +€25,812 | +2.9% |
| Contributions | 10/11 | €2,062,120 | €2,062,120 | = | 0.0% |
| Capital | 10 | €2,062,120 | €2,062,120 | = | 0.0% |
| Issued capital | 100 | €2,062,120 | €2,062,120 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,180,484 | -€1,154,672 | +€25,812 | +2.2% |
| Provisions and deferred taxes | 16 | €236,645 | €192,750 | -€43,895 | -18.5% |
| Provisions for liabilities and charges | 160/5 | €236,645 | €192,750 | -€43,895 | -18.5% |
| Environmental obligations | 163 | €236,645 | €192,750 | -€43,895 | -18.5% |
| Amounts payable | 17/49 | €13,203 | €13,910 | +€708 | +5.4% |
| Amounts payable within one year | 42/48 | €13,203 | €13,910 | +€708 | +5.4% |
| Trade debts | 44 | €13,203 | €12,654 | -€548 | -4.2% |
| Suppliers | 440/4 | €13,203 | €12,654 | -€548 | -4.2% |
| Advances received on contracts in progress | 46 | - | €1,256 | +€1,256 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€39,925 | -€43,895 | -€3,970 | -9.9% |
| Other operating charges | 640/8 | €1,108 | €7,749 | +€6,641 | +599% |
| Gross operating margin | 9900 | -€76,220 | -€38,121 | +€38,098 | +50.0% |
| Operating profit (loss) | 9901 | -€37,403 | -€1,975 | +€35,428 | +94.7% |
| Financial income | 75/76B | €50,315 | €33,188 | -€17,127 | -34.0% |
| Recurring financial income | 75 | €50,315 | €33,188 | -€17,127 | -34.0% |
| Financial charges | 65/66B | €3,156 | €5,401 | +€2,245 | +71.2% |
| Recurring financial charges | 65 | €3,156 | €5,401 | +€2,245 | +71.2% |
| Profit (loss) for the period before taxes | 9903 | €9,756 | €25,812 | +€16,056 | +165% |
| Profit (loss) for the period | 9904 | €9,756 | €25,812 | +€16,056 | +165% |
| Profit (loss) for the period to be appropriated | 9905 | €9,756 | €25,812 | +€16,056 | +165% |
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 19 October 2026 via checked.be.