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CORZY: 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

CORZY

BE 0404.942.039
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€51,079
2023 · -€17,334-€33,746
Equity
-€32,372
2023 · €1,374-€33,746
Cash
€30,677
2023 · €5,214+€25,463
Balance sheet total
€63,390
2023 · €116,057-€52,667

Largest movements

2023 to 2024
Assets
  • Stocks and contracts -€49,024

    down €49,024 (-74.6%), from €65,699 to €16,675

  • Cash +€25,463

    up €25,463 (+488.4%), from €5,214 to €30,677

    mainly Stocks and contracts (+€49,024) and Other debts (+€42,777)

  • Receivables within one year -€23,183

    down €23,183 (-59.1%), from €39,221 to €16,038

    of which Trade receivables: -€24,226

  • Tangible fixed assets -€5,616

    no longer reported in 2024 (was €5,616)

    of which Other tangible fixed assets: -€5,616

Equity and liabilities
  • Other debts +€42,777

    up €42,777 (+170.1%), from €25,152 to €67,929

  • Trade debts -€40,977

    down €40,977 (-60.8%), from €67,369 to €26,392

  • Profit (loss) carried forward -€33,746

    down €33,746 (-57.5%), from -€58,699 to -€92,445

  • Tax, wage and social debts -€20,721

    down €20,721 (-93.5%), from €22,162 to €1,441

    of which Remuneration and social security: -€20,000

Income statement
  • Turnover +€106,833

    new in 2024: €106,833

  • Purchases and services +€97,570

    new in 2024: €97,570

  • Financial charges +€55,933

    up €55,933 (+29495.6%), from €190 to €56,122

    of which Non-recurring financial charges: +€55,740

  • Gross operating margin +€20,372

    up €20,372, from -€11,109 to €9,263

  • Depreciation -€1,964

    no longer reported in 2024 (was €1,964)

From the 2023 result to the 2024 result

effect on the 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 2023 -€17,334
Gross operating margin +€20,372
Depreciation +€1,964
Other operating charges -€149
Financial charges -€55,933
Result 2024 -€51,079

Cash bridge derived

cash 2023 to 2024

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.

From operations +€2,206
Investment +€5,923
Financing +€17,334
Cash 2023 €5,214
Net result for the year -€51,079
Stocks and contracts +€49,024
Receivables within one year +€23,183
Trade debts -€40,977
Tax, wage and social debts -€20,721
Other debts +€42,777
Investment in fixed assets (net) +€5,923
Contributions, distributions and other +€17,334
Cash 2024 €30,677
Every line side by side 41 lines
Line Code 2023 2024 Change %
Total assets 20/58 €116,057 €63,390 -€52,667 -45.4%
Fixed assets 21/28 €5,923 - -€5,923
Tangible fixed assets 22/27 €5,616 - -€5,616
Furniture and vehicles 24 €0 - -€0
Other tangible fixed assets 26 €5,616 - -€5,616
Financial fixed assets 28 €307 - -€307
Current assets 29/58 €110,134 €63,390 -€46,744 -42.4%
Stocks and contracts in progress 3 €65,699 €16,675 -€49,024 -74.6%
Stocks 30/36 €65,699 €16,675 -€49,024 -74.6%
Amounts receivable within one year 40/41 €39,221 €16,038 -€23,183 -59.1%
Trade receivables 40 €39,221 €14,995 -€24,226 -61.8%
Other amounts receivable 41 - €1,043 +€1,043
Cash at bank and in hand 54/58 €5,214 €30,677 +€25,463 +488.4%
Total equity and liabilities 10/49 €116,057 €63,390 -€52,667 -45.4%
Equity 10/15 €1,374 -€32,372 -€33,746
Contributions 10/11 €19,000 €19,000 = 0.0%
Reserves 13 €41,073 €41,073 = 0.0%
Non-distributable reserves 130/1 €1,073 €1,073 = 0.0%
Reserves not available under the articles 1311 €1,073 €1,073 = 0.0%
Distributable reserves 133 €40,000 €40,000 = 0.0%
Profit (loss) carried forward 14 -€58,699 -€92,445 -€33,746 -57.5%
Amounts payable 17/49 €114,683 €95,762 -€18,921 -16.5%
Amounts payable within one year 42/48 €114,683 €95,762 -€18,921 -16.5%
Trade debts 44 €67,369 €26,392 -€40,977 -60.8%
Suppliers 440/4 €67,369 €26,392 -€40,977 -60.8%
Taxes, remuneration and social security 45 €22,162 €1,441 -€20,721 -93.5%
Taxes 450/3 €2,162 €1,441 -€721 -33.3%
Remuneration and social security 454/9 €20,000 - -€20,000
Other amounts payable 47/48 €25,152 €67,929 +€42,777 +170.1%
Turnover 70 - €106,833 +€106,833
Goods, raw materials, services and sundry goods 60/61 - €97,570 +€97,570
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,964 - -€1,964
Other operating charges 640/8 €4,071 €4,220 +€149 +3.7%
Gross operating margin 9900 -€11,109 €9,263 +€20,372
Operating profit (loss) 9901 -€17,144 €5,043 +€22,187
Financial charges 65/66B €190 €56,122 +€55,933 +29495.6%
Recurring financial charges 65 €190 €382 +€192 +101.5%
Non-recurring financial charges 66B - €55,740 +€55,740
Profit (loss) for the period before taxes 9903 -€17,334 -€51,079 -€33,746 -194.7%
Profit (loss) for the period 9904 -€17,334 -€51,079 -€33,746 -194.7%
Profit (loss) for the period to be appropriated 9905 -€17,334 -€51,079 -€33,746 -194.7%

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 30 September 2026 via checked.be.