CorWash: 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.
CorWash
Largest movements
- Receivables within one year +€31,995
up €31,995 (+42.2%), from €75,831 to €107,825
of which Trade receivables: +€34,747
- Tangible fixed assets -€16,556
down €16,556 (-42.2%), from €39,274 to €22,718
of which Furniture and vehicles: -€15,677
- Tax, wage and social debts +€10,213
up €10,213 (+50.8%), from €20,096 to €30,309
of which Remuneration and social security: +€11,288
- Debts after one year -€9,662
down €9,662 (-79.6%), from €12,132 to €2,470
- Trade debts +€8,781
up €8,781 (+35.2%), from €24,964 to €33,745
- Short-term financial debts +€7,985
new in 2024: €7,985
- Staff costs +€51,582
up €51,582 (+121.5%), from €42,463 to €94,044
- Gross operating margin +€33,169
up €33,169 (+37.9%), from €87,424 to €120,593
- Depreciation +€8,238
up €8,238 (+99.0%), from €8,318 to €16,556
- Taxes -€7,260
down €7,260 (-80.9%), from €8,969 to €1,709
- Other operating charges +€1,803
up €1,803 (+37.8%), from €4,772 to €6,575
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,811 | €132,558 | +€16,747 | +14.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €39,274 | €22,718 | -€16,556 | -42.2% |
| Tangible fixed assets | 22/27 | €39,274 | €22,718 | -€16,556 | -42.2% |
| Plant, machinery and equipment | 23 | €3,076 | €2,196 | -€879 | -28.6% |
| Furniture and vehicles | 24 | €36,198 | €20,521 | -€15,677 | -43.3% |
| Current assets | 29/58 | €76,538 | €109,841 | +€33,303 | +43.5% |
| Amounts receivable within one year | 40/41 | €75,831 | €107,825 | +€31,995 | +42.2% |
| Trade receivables | 40 | €60,327 | €95,074 | +€34,747 | +57.6% |
| Other amounts receivable | 41 | €15,504 | €12,751 | -€2,753 | -17.8% |
| Cash at bank and in hand | 54/58 | €707 | €2,016 | +€1,309 | +185.1% |
| Total equity and liabilities | 10/49 | €115,811 | €132,558 | +€16,747 | +14.5% |
| Equity | 10/15 | €34,336 | €34,828 | +€492 | +1.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €30,336 | €30,336 | = | 0.0% |
| Distributable reserves | 133 | €30,336 | €30,336 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €492 | +€492 | |
| Amounts payable | 17/49 | €81,475 | €97,730 | +€16,255 | +20.0% |
| Amounts payable after more than one year | 17 | €12,132 | €2,470 | -€9,662 | -79.6% |
| Financial debts | 170/4 | €12,132 | €2,470 | -€9,662 | -79.6% |
| Amounts payable within one year | 42/48 | €63,343 | €89,260 | +€25,917 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | €9,615 | €9,864 | +€249 | +2.6% |
| Financial debts | 43 | - | €7,985 | +€7,985 | |
| Credit institutions | 430/8 | - | €7,985 | +€7,985 | |
| Trade debts | 44 | €24,964 | €33,745 | +€8,781 | +35.2% |
| Suppliers | 440/4 | €24,964 | €33,745 | +€8,781 | +35.2% |
| Taxes, remuneration and social security | 45 | €20,096 | €30,309 | +€10,213 | +50.8% |
| Taxes | 450/3 | €12,260 | €11,185 | -€1,075 | -8.8% |
| Remuneration and social security | 454/9 | €7,836 | €19,124 | +€11,288 | +144.1% |
| Other amounts payable | 47/48 | €8,669 | €7,357 | -€1,312 | -15.1% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €42,463 | €94,044 | +€51,582 | +121.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,318 | €16,556 | +€8,238 | +99.0% |
| Other operating charges | 640/8 | €4,772 | €6,575 | +€1,803 | +37.8% |
| Gross operating margin | 9900 | €87,424 | €120,593 | +€33,169 | +37.9% |
| Operating profit (loss) | 9901 | €31,872 | €3,418 | -€28,454 | -89.3% |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €550 | €1,227 | +€677 | +123.2% |
| Recurring financial charges | 65 | €550 | €1,227 | +€677 | +123.2% |
| Profit (loss) for the period before taxes | 9903 | €31,322 | €2,201 | -€29,121 | -93.0% |
| Income taxes | 67/77 | €8,969 | €1,709 | -€7,260 | -80.9% |
| Profit (loss) for the period | 9904 | €22,354 | €492 | -€21,861 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,354 | €492 | -€21,861 | -97.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.