Coruco: 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.
Coruco
Largest movements
- Receivables within one year -€62,344
no longer reported in 2025 (was €62,344)
- Cash +€34,571
up €34,571 (+28.6%), from €121,059 to €155,630
mainly Other debts (+€211,268) and Net result for the year (+€122,453)
- Deferred charges and accrued income +€11,111
up €11,111 (+20.8%), from €53,324 to €64,435
- Tangible fixed assets +€4,983
up €4,983 (+2.1%), from €242,369 to €247,352
of which Furniture and vehicles: +€15,559
- Reserves -€213,832
no longer reported in 2025 (was €213,832)
- Other debts +€211,268
up €211,268 (+169.0%), from €125,018 to €336,286
- Debts after one year -€15,652
down €15,652 (-14.1%), from €110,906 to €95,254
- Tax, wage and social debts +€6,584
up €6,584 (+71.4%), from €9,224 to €15,808
- Gross operating margin +€49,200
up €49,200 (+39.7%), from €123,943 to €173,143
- Taxes +€10,762
up €10,762 (+43.8%), from €24,574 to €35,336
- Depreciation +€4,473
up €4,473 (+49.9%), from €8,956 to €13,429
- Financial income -€2,382
down €2,382 (-76.5%), from €3,115 to €733
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €479,096 | €467,417 | -€11,679 | -2.4% |
| Fixed assets | 21/28 | €242,369 | €247,352 | +€4,983 | +2.1% |
| Tangible fixed assets | 22/27 | €242,369 | €247,352 | +€4,983 | +2.1% |
| Land and buildings | 22 | €227,731 | €220,305 | -€7,426 | -3.3% |
| Furniture and vehicles | 24 | €11,488 | €27,047 | +€15,559 | +135.4% |
| Assets under construction and advance payments | 27 | €3,150 | - | -€3,150 | |
| Current assets | 29/58 | €236,727 | €220,065 | -€16,662 | -7.0% |
| Amounts receivable within one year | 40/41 | €62,344 | - | -€62,344 | |
| Other amounts receivable | 41 | €62,344 | - | -€62,344 | |
| Cash at bank and in hand | 54/58 | €121,059 | €155,630 | +€34,571 | +28.6% |
| Deferred charges and accrued income | 490/1 | €53,324 | €64,435 | +€11,111 | +20.8% |
| Total equity and liabilities | 10/49 | €479,096 | €467,417 | -€11,679 | -2.4% |
| Equity | 10/15 | €217,832 | €4,000 | -€213,832 | -98.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €213,832 | - | -€213,832 | |
| Distributable reserves | 133 | €213,832 | - | -€213,832 | |
| Amounts payable | 17/49 | €261,264 | €463,417 | +€202,153 | +77.4% |
| Amounts payable after more than one year | 17 | €110,906 | €95,254 | -€15,652 | -14.1% |
| Financial debts | 170/4 | €110,906 | €95,254 | -€15,652 | -14.1% |
| Amounts payable within one year | 42/48 | €150,358 | €368,163 | +€217,805 | +144.9% |
| Current portion of amounts payable after more than one year | 42 | €15,392 | €15,652 | +€260 | +1.7% |
| Trade debts | 44 | €724 | €417 | -€307 | -42.4% |
| Suppliers | 440/4 | €724 | €417 | -€307 | -42.4% |
| Taxes, remuneration and social security | 45 | €9,224 | €15,808 | +€6,584 | +71.4% |
| Taxes | 450/3 | €9,224 | €15,808 | +€6,584 | +71.4% |
| Other amounts payable | 47/48 | €125,018 | €336,286 | +€211,268 | +169.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,956 | €13,429 | +€4,473 | +49.9% |
| Other operating charges | 640/8 | €449 | €497 | +€48 | +10.7% |
| Gross operating margin | 9900 | €123,943 | €173,143 | +€49,200 | +39.7% |
| Operating profit (loss) | 9901 | €114,538 | €159,217 | +€44,679 | +39.0% |
| Financial income | 75/76B | €3,115 | €733 | -€2,382 | -76.5% |
| Recurring financial income | 75 | €3,115 | €733 | -€2,382 | -76.5% |
| Financial charges | 65/66B | €2,435 | €2,161 | -€274 | -11.3% |
| Recurring financial charges | 65 | €2,435 | €2,161 | -€274 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €115,218 | €157,789 | +€42,571 | +36.9% |
| Income taxes | 67/77 | €24,574 | €35,336 | +€10,762 | +43.8% |
| Profit (loss) for the period | 9904 | €90,644 | €122,453 | +€31,809 | +35.1% |
| Transfer from tax-exempt reserves | 789 | €34,356 | - | -€34,356 | |
| Profit (loss) for the period to be appropriated | 9905 | €125,000 | €122,453 | -€2,547 | -2.0% |
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.