CUORE: 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.
CUORE
Largest movements
- Receivables after one year -€388,875
no longer reported in 2025 (was €388,875)
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Cash -€57,917
down €57,917 (-72.9%), from €79,497 to €21,580
mainly Other debts (-€575,000) and Trade debts (-€35,497)
- Other debts -€575,000
no longer reported in 2025 (was €575,000)
- Trade debts -€35,497
down €35,497 (-68.8%), from €51,616 to €16,119
- Profit (loss) carried forward -€7,716
down €7,716, from €2,441 to -€5,275
- Gross operating margin -€675,464
down €675,464, from €671,633 to -€3,831
- Taxes -€156,244
down €156,244 (-98.4%), from €158,752 to €2,508
- Financial charges -€19,716
down €19,716 (-99.0%), from €19,924 to €209
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 | €649,057 | €30,844 | -€618,213 | -95.2% |
| Fixed assets | 21/28 | €3,037 | €234 | -€2,803 | -92.3% |
| Tangible fixed assets | 22/27 | €637 | €234 | -€403 | -63.2% |
| Plant, machinery and equipment | 23 | €637 | €234 | -€403 | -63.2% |
| Financial fixed assets | 28 | €2,400 | - | -€2,400 | |
| Current assets | 29/58 | €646,020 | €30,609 | -€615,411 | -95.3% |
| Amounts receivable after more than one year | 29 | €388,875 | - | -€388,875 | |
| Trade receivables | 290 | €388,875 | - | -€388,875 | |
| Amounts receivable within one year | 40/41 | €2,587 | €8,966 | +€6,379 | +246.6% |
| Other amounts receivable | 41 | €2,587 | €8,966 | +€6,379 | +246.6% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €79,497 | €21,580 | -€57,917 | -72.9% |
| Deferred charges and accrued income | 490/1 | €61 | €63 | +€2 | +3.3% |
| Total equity and liabilities | 10/49 | €649,057 | €30,844 | -€618,213 | -95.2% |
| Equity | 10/15 | €22,441 | €14,725 | -€7,716 | -34.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,441 | -€5,275 | -€7,716 | |
| Amounts payable | 17/49 | €626,616 | €16,119 | -€610,497 | -97.4% |
| Amounts payable within one year | 42/48 | €626,616 | €16,119 | -€610,497 | -97.4% |
| Trade debts | 44 | €51,616 | €16,119 | -€35,497 | -68.8% |
| Suppliers | 440/4 | €51,616 | €16,119 | -€35,497 | -68.8% |
| Other amounts payable | 47/48 | €575,000 | - | -€575,000 | |
| Non-recurring operating income | 76A | - | €25,869 | +€25,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €404 | -€86 | -17.6% |
| Other operating charges | 640/8 | €499 | €1,519 | +€1,020 | +204.3% |
| Non-recurring operating charges | 66A | - | €800 | +€800 | |
| Gross operating margin | 9900 | €671,633 | -€3,831 | -€675,464 | |
| Operating profit (loss) | 9901 | €670,644 | -€6,553 | -€677,197 | |
| Financial income | 75/76B | €3,886 | €1,554 | -€2,332 | -60.0% |
| Recurring financial income | 75 | €3,886 | €1,554 | -€2,332 | -60.0% |
| Financial charges | 65/66B | €19,924 | €209 | -€19,716 | -99.0% |
| Recurring financial charges | 65 | €19,924 | €209 | -€19,716 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €654,606 | -€5,208 | -€659,814 | |
| Income taxes | 67/77 | €158,752 | €2,508 | -€156,244 | -98.4% |
| Profit (loss) for the period | 9904 | €495,854 | -€7,716 | -€503,570 | |
| Profit (loss) for the period to be appropriated | 9905 | €495,854 | -€7,716 | -€503,570 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.