COURAIL MANAGEMENT: what changed
Two financial 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.
COURAIL MANAGEMENT
Largest movements
- Receivables within one year +€10,119
up €10,119 (+46.4%), from €21,830 to €31,949
of which Trade receivables: +€12,029
- Deferred charges and accrued income +€730
up €730 (+821%), from €89 to €819
- Trade debts +€19,529
up €19,529 (+310%), from €6,297 to €25,826
- Profit (loss) carried forward -€6,172
down €6,172 (-70.1%), from -€8,800 to -€14,972
- Tax, wage and social debts -€2,329
down €2,329 (-37.4%), from €6,227 to €3,897
of which Taxes: -€2,094
- Gross operating margin +€3,660
up €3,660 (+44.8%), from €8,171 to €11,830
- Financial charges +€383
up €383 (+40.4%), from €948 to €1,331
- Other operating charges -€357
down €357 (-7.2%), from €4,925 to €4,568
- Staff costs -€184
down €184 (-1.5%), from €12,287 to €12,103
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.
Derived cash bridge
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 | €30,884 | €41,529 | +€10,645 | +34.5% |
| Fixed assets | 21/28 | €3,250 | €3,250 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,250 | €3,250 | = | 0.0% |
| Current assets | 29/58 | €27,634 | €38,279 | +€10,645 | +38.5% |
| Stocks and contracts in progress | 3 | €1,900 | €1,500 | -€400 | -21.1% |
| Stocks | 30/36 | €1,900 | €1,500 | -€400 | -21.1% |
| Amounts receivable within one year | 40/41 | €21,830 | €31,949 | +€10,119 | +46.4% |
| Trade receivables | 40 | €6,720 | €18,749 | +€12,029 | +179% |
| Other amounts receivable | 41 | €15,111 | €13,200 | -€1,910 | -12.6% |
| Cash at bank and in hand | 54/58 | €3,814 | €4,010 | +€196 | +5.1% |
| Deferred charges and accrued income | 490/1 | €89 | €819 | +€730 | +821% |
| Total equity and liabilities | 10/49 | €30,884 | €41,529 | +€10,645 | +34.5% |
| Equity | 10/15 | €13,225 | €7,053 | -€6,172 | -46.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,425 | €3,425 | = | 0.0% |
| Distributable reserves | 133 | €3,425 | €3,425 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,800 | -€14,972 | -€6,172 | -70.1% |
| Amounts payable | 17/49 | €17,659 | €34,476 | +€16,817 | +95.2% |
| Amounts payable within one year | 42/48 | €17,592 | €34,476 | +€16,884 | +96.0% |
| Financial debts | 43 | €5,068 | €4,752 | -€316 | -6.2% |
| Credit institutions | 430/8 | €5,068 | €4,752 | -€316 | -6.2% |
| Trade debts | 44 | €6,297 | €25,826 | +€19,529 | +310% |
| Suppliers | 440/4 | €6,297 | €25,826 | +€19,529 | +310% |
| Taxes, remuneration and social security | 45 | €6,227 | €3,897 | -€2,329 | -37.4% |
| Taxes | 450/3 | €4,863 | €2,769 | -€2,094 | -43.1% |
| Remuneration and social security | 454/9 | €1,363 | €1,128 | -€235 | -17.3% |
| Accrued charges and deferred income | 492/3 | €67 | - | -€67 | |
| Remuneration, social security and pensions | 62 | €12,287 | €12,103 | -€184 | -1.5% |
| Other operating charges | 640/8 | €4,925 | €4,568 | -€357 | -7.2% |
| Gross operating margin | 9900 | €8,171 | €11,830 | +€3,660 | +44.8% |
| Operating profit (loss) | 9901 | -€9,041 | -€4,840 | +€4,200 | +46.5% |
| Financial income | 75/76B | €52 | €0 | -€52 | -99.9% |
| Recurring financial income | 75 | €52 | €0 | -€52 | -99.9% |
| Financial charges | 65/66B | €948 | €1,331 | +€383 | +40.4% |
| Recurring financial charges | 65 | €948 | €1,331 | +€383 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,937 | -€6,172 | +€3,765 | +37.9% |
| Profit (loss) for the period | 9904 | -€9,937 | -€6,172 | +€3,765 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,937 | -€6,172 | +€3,765 | +37.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.