Cortys: 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.
Cortys
Largest movements
- Cash -€52,154
down €52,154 (-76.8%), from €67,867 to €15,713
mainly Net result for the year (-€40,010) and Investment in fixed assets (net) (-€19,576)
- Financial fixed assets +€10,000
up €10,000 (+1000.0%), from €1,000 to €11,000
- Tangible fixed assets -€4,857
down €4,857 (-8.2%), from €59,341 to €54,484
of which Furniture and vehicles: -€13,060
- Profit (loss) carried forward -€40,010
down €40,010 (-76.1%), from €52,585 to €12,575
- Tax, wage and social debts -€13,012
down €13,012 (-61.5%), from €21,151 to €8,139
- Trade debts +€7,038
up €7,038 (+196.8%), from €3,577 to €10,616
- Gross operating margin -€55,098
down €55,098 (-65.5%), from €84,102 to €29,004
- Staff costs +€33,714
up €33,714 (+273.9%), from €12,311 to €46,025
- Taxes -€15,754
down €15,754 (-97.4%), from €16,176 to €422
- Other operating charges +€5,945
up €5,945 (+341.4%), from €1,741 to €7,686
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 | €147,005 | €100,209 | -€46,795 | -31.8% |
| Fixed assets | 21/28 | €60,341 | €65,484 | +€5,143 | +8.5% |
| Tangible fixed assets | 22/27 | €59,341 | €54,484 | -€4,857 | -8.2% |
| Land and buildings | 22 | €37,443 | €45,646 | +€8,203 | +21.9% |
| Furniture and vehicles | 24 | €21,898 | €8,838 | -€13,060 | -59.6% |
| Financial fixed assets | 28 | €1,000 | €11,000 | +€10,000 | +1000.0% |
| Current assets | 29/58 | €86,664 | €34,726 | -€51,938 | -59.9% |
| Amounts receivable within one year | 40/41 | €18,386 | €19,012 | +€626 | +3.4% |
| Trade receivables | 40 | €15,132 | €15,723 | +€591 | +3.9% |
| Other amounts receivable | 41 | €3,254 | €3,289 | +€35 | +1.1% |
| Cash at bank and in hand | 54/58 | €67,867 | €15,713 | -€52,154 | -76.8% |
| Deferred charges and accrued income | 490/1 | €411 | - | -€411 | |
| Total equity and liabilities | 10/49 | €147,005 | €100,209 | -€46,795 | -31.8% |
| Equity | 10/15 | €121,466 | €81,455 | -€40,010 | -32.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €60,820 | €60,820 | = | 0.0% |
| Distributable reserves | 133 | €60,820 | €60,820 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,585 | €12,575 | -€40,010 | -76.1% |
| Amounts payable | 17/49 | €25,539 | €18,754 | -€6,785 | -26.6% |
| Amounts payable within one year | 42/48 | €24,728 | €18,754 | -€5,974 | -24.2% |
| Trade debts | 44 | €3,577 | €10,616 | +€7,038 | +196.8% |
| Suppliers | 440/4 | €3,577 | €10,616 | +€7,038 | +196.8% |
| Taxes, remuneration and social security | 45 | €21,151 | €8,139 | -€13,012 | -61.5% |
| Taxes | 450/3 | €21,151 | €8,139 | -€13,012 | -61.5% |
| Accrued charges and deferred income | 492/3 | €811 | - | -€811 | |
| Remuneration, social security and pensions | 62 | €12,311 | €46,025 | +€33,714 | +273.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,224 | €14,433 | +€209 | +1.5% |
| Other operating charges | 640/8 | €1,741 | €7,686 | +€5,945 | +341.4% |
| Gross operating margin | 9900 | €84,102 | €29,004 | -€55,098 | -65.5% |
| Operating profit (loss) | 9901 | €55,826 | -€39,140 | -€94,966 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €147 | €448 | +€301 | +205.0% |
| Recurring financial charges | 65 | €147 | €448 | +€301 | +205.0% |
| Profit (loss) for the period before taxes | 9903 | €55,679 | -€39,588 | -€95,267 | |
| Income taxes | 67/77 | €16,176 | €422 | -€15,754 | -97.4% |
| Profit (loss) for the period | 9904 | €39,503 | -€40,010 | -€79,514 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,503 | -€40,010 | -€79,514 |
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.