CORTY SERVICES: 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.
What changed
CORTY SERVICES
NACE 47.120, Other non-specialised retail sale
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€54,388
2024 · €2,798-€57,186
Equity
€335,270
2024 · €389,658-€54,388
Cash
€5,567
2024 · €8,884-€3,317
Balance sheet total
€643,617
2024 · €745,023-€101,406
Largest movements
Assets
- Receivables after one year -€135,892
down €135,892 (-40.7%), from €333,873 to €197,981
- Tangible fixed assets +€74,296
up €74,296 (+30.3%), from €245,186 to €319,482
of which Land and buildings: +€101,244
- Intangible fixed assets -€26,969
down €26,969 (-20.0%), from €134,845 to €107,876
Equity and liabilities
- Other debts -€132,400
down €132,400 (-46.7%), from €283,490 to €151,091
- Debts after one year +€95,614
up €95,614, from €0 to €95,614
- Reserves -€40,350
down €40,350 (-11.3%), from €357,070 to €316,720
of which Distributable reserves: -€31,278
- Profit (loss) carried forward -€14,038
down €14,038 (-100.0%), from €14,038 to €0
Income statement
- Financial income -€58,663
down €58,663 (-91.9%), from €63,868 to €5,205
- Depreciation +€12,739
up €12,739 (+23.3%), from €54,684 to €67,423
- Gross operating margin +€9,108
up €9,108 (+182.5%), from €4,990 to €14,098
- Other operating charges -€3,603
down €3,603 (-34.4%), from €10,467 to €6,864
- Financial charges +€1,121
up €1,121 (+186.0%), from €603 to €1,724
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.
Result 2024
€2,798
Gross operating margin
+€9,108
Depreciation
-€12,739
Other operating charges
+€3,603
Other operating items
+€1,314
Financial income
-€58,663
Financial charges
-€1,121
Taxes
+€1,020
Deferred taxes and other
+€292
Result 2025
-€54,388
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.
From operations
+€23,166
Investment
-€114,750
Financing
+€88,267
Cash 2024
€8,884
From operations (derived)
+€23,166
Net result for the year
-€54,388
Depreciation
+€67,423
Receivables after one year
+€135,892
Receivables within one year
+€6,741
Deferred charges and accrued income
+€2,783
Provisions
-€2,837
Trade debts
+€2,533
Tax, wage and social debts
-€3,631
Other debts
-€132,400
Accrued charges and deferred income
+€1,050
Investment (derived)
-€114,750
Investment in fixed assets (net)
-€114,750
Financing
+€88,267
Debts after one year
+€95,614
Current portion of long-term debt
-€7,347
Cash 2025
€5,567
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €745,023 | €643,617 | -€101,406 | -13.6% |
| Fixed assets | 21/28 | €380,394 | €427,721 | +€47,327 | +12.4% |
| Intangible fixed assets | 21 | €134,845 | €107,876 | -€26,969 | -20.0% |
| Tangible fixed assets | 22/27 | €245,186 | €319,482 | +€74,296 | +30.3% |
| Land and buildings | 22 | €6,321 | €107,566 | +€101,244 | +1601.6% |
| Plant, machinery and equipment | 23 | €16,348 | €13,138 | -€3,210 | -19.6% |
| Furniture and vehicles | 24 | €7,981 | €3,387 | -€4,594 | -57.6% |
| Other tangible fixed assets | 26 | €214,535 | €195,391 | -€19,144 | -8.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €364,629 | €215,896 | -€148,733 | -40.8% |
| Amounts receivable after more than one year | 29 | €333,873 | €197,981 | -€135,892 | -40.7% |
| Other amounts receivable | 291 | €333,873 | €197,981 | -€135,892 | -40.7% |
| Amounts receivable within one year | 40/41 | €10,005 | €3,264 | -€6,741 | -67.4% |
| Trade receivables | 40 | €5,273 | €3,257 | -€2,016 | -38.2% |
| Other amounts receivable | 41 | €4,732 | €7 | -€4,725 | -99.9% |
| Cash at bank and in hand | 54/58 | €8,884 | €5,567 | -€3,317 | -37.3% |
| Deferred charges and accrued income | 490/1 | €11,867 | €9,084 | -€2,783 | -23.5% |
| Total equity and liabilities | 10/49 | €745,023 | €643,617 | -€101,406 | -13.6% |
| Equity | 10/15 | €389,658 | €335,270 | -€54,388 | -14.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €357,070 | €316,720 | -€40,350 | -11.3% |
| Non-distributable reserves | 130/1 | €15,238 | €15,238 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,238 | €15,238 | = | 0.0% |
| Tax-exempt reserves | 132 | €137,077 | €128,005 | -€9,073 | -6.6% |
| Distributable reserves | 133 | €204,755 | €173,478 | -€31,278 | -15.3% |
| Profit (loss) carried forward | 14 | €14,038 | €0 | -€14,038 | -100.0% |
| Provisions and deferred taxes | 16 | €45,505 | €42,668 | -€2,837 | -6.2% |
| Deferred taxes | 168 | €45,505 | €42,668 | -€2,837 | -6.2% |
| Amounts payable | 17/49 | €309,860 | €265,679 | -€44,181 | -14.3% |
| Amounts payable after more than one year | 17 | €0 | €95,614 | +€95,614 | |
| Financial debts | 170/4 | €0 | €95,614 | +€95,614 | |
| Amounts payable within one year | 42/48 | €309,860 | €169,015 | -€140,845 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €12,481 | €5,134 | -€7,347 | -58.9% |
| Trade debts | 44 | €6,427 | €8,960 | +€2,533 | +39.4% |
| Suppliers | 440/4 | €6,427 | €8,960 | +€2,533 | +39.4% |
| Taxes, remuneration and social security | 45 | €7,461 | €3,831 | -€3,631 | -48.7% |
| Taxes | 450/3 | €7,461 | €3,831 | -€3,631 | -48.7% |
| Other amounts payable | 47/48 | €283,490 | €151,091 | -€132,400 | -46.7% |
| Accrued charges and deferred income | 492/3 | - | €1,050 | +€1,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,684 | €67,423 | +€12,739 | +23.3% |
| Other operating charges | 640/8 | €10,467 | €6,864 | -€3,603 | -34.4% |
| Non-recurring operating charges | 66A | €1,314 | €0 | -€1,314 | -100.0% |
| Gross operating margin | 9900 | €4,990 | €14,098 | +€9,108 | +182.5% |
| Operating profit (loss) | 9901 | -€61,476 | -€60,189 | +€1,286 | +2.1% |
| Financial income | 75/76B | €63,868 | €5,205 | -€58,663 | -91.9% |
| Recurring financial income | 75 | €63,868 | €5,205 | -€58,663 | -91.9% |
| Financial charges | 65/66B | €603 | €1,724 | +€1,121 | +186.0% |
| Recurring financial charges | 65 | €603 | €1,724 | +€1,121 | +186.0% |
| Profit (loss) for the period before taxes | 9903 | €1,789 | -€56,709 | -€58,498 | |
| Transfer from deferred taxes | 780 | €2,544 | €2,837 | +€292 | +11.5% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,536 | €516 | -€1,020 | -66.4% |
| Profit (loss) for the period | 9904 | €2,798 | -€54,388 | -€57,186 | |
| Transfer from tax-exempt reserves | 789 | €7,633 | €9,073 | +€1,439 | +18.9% |
| Transfer to tax-exempt reserves | 689 | €474 | €0 | -€474 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,958 | -€45,316 | -€55,273 |
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 6 October 2026 via checked.be.