D. CORACTION: 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.
D. CORACTION
Largest movements
- Receivables within one year -€6,121
down €6,121 (-88.6%), from €6,907 to €787
of which Trade receivables: -€6,121
- Cash +€5,741
up €5,741 (+161.0%), from €3,565 to €9,306
mainly Receivables within one year (+€6,121) and Net result for the year (+€5,815)
- Tangible fixed assets +€2,574
up €2,574 (+293.5%), from €877 to €3,451
of which Plant, machinery and equipment: +€2,574
- Deferred charges and accrued income -€441
down €441 (-13.8%), from €3,197 to €2,756
- Profit (loss) carried forward +€5,815
up €5,815 (+90.9%), from -€6,395 to -€580
- Other debts -€5,507
down €5,507 (-54.5%), from €10,108 to €4,601
- Accrued charges and deferred income +€1,016
new in 2025: €1,016
- Tax, wage and social debts +€614
up €614 (+50.3%), from €1,222 to €1,836
of which Taxes: +€614
- Advances received -€343
no longer reported in 2025 (was €343)
- Gross operating margin +€1,568
up €1,568 (+28.4%), from €5,531 to €7,099
- Depreciation -€770
down €770 (-61.4%), from €1,252 to €483
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 | €14,547 | €16,300 | +€1,753 | +12.1% |
| Fixed assets | 21/28 | €877 | €3,451 | +€2,574 | +293.5% |
| Tangible fixed assets | 22/27 | €877 | €3,451 | +€2,574 | +293.5% |
| Plant, machinery and equipment | 23 | €877 | €3,451 | +€2,574 | +293.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €13,670 | €12,849 | -€821 | -6.0% |
| Amounts receivable within one year | 40/41 | €6,907 | €787 | -€6,121 | -88.6% |
| Trade receivables | 40 | €6,907 | €787 | -€6,121 | -88.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,565 | €9,306 | +€5,741 | +161.0% |
| Deferred charges and accrued income | 490/1 | €3,197 | €2,756 | -€441 | -13.8% |
| Total equity and liabilities | 10/49 | €14,547 | €16,300 | +€1,753 | +12.1% |
| Equity | 10/15 | €1,661 | €7,477 | +€5,815 | +350.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,395 | -€580 | +€5,815 | +90.9% |
| Amounts payable | 17/49 | €12,885 | €8,823 | -€4,062 | -31.5% |
| Amounts payable within one year | 42/48 | €12,885 | €7,808 | -€5,078 | -39.4% |
| Trade debts | 44 | €1,212 | €1,370 | +€158 | +13.1% |
| Suppliers | 440/4 | €1,212 | €1,370 | +€158 | +13.1% |
| Advances received on contracts in progress | 46 | €343 | - | -€343 | |
| Taxes, remuneration and social security | 45 | €1,222 | €1,836 | +€614 | +50.3% |
| Taxes | 450/3 | €1,222 | €1,836 | +€614 | +50.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,108 | €4,601 | -€5,507 | -54.5% |
| Accrued charges and deferred income | 492/3 | - | €1,016 | +€1,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,252 | €483 | -€770 | -61.4% |
| Other operating charges | 640/8 | €670 | €687 | +€17 | +2.5% |
| Gross operating margin | 9900 | €5,531 | €7,099 | +€1,568 | +28.4% |
| Operating profit (loss) | 9901 | €3,608 | €5,929 | +€2,321 | +64.3% |
| Financial charges | 65/66B | €157 | €114 | -€43 | -27.4% |
| Recurring financial charges | 65 | €157 | €114 | -€43 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €3,451 | €5,815 | +€2,364 | +68.5% |
| Profit (loss) for the period | 9904 | €3,451 | €5,815 | +€2,364 | +68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,451 | €5,815 | +€2,364 | +68.5% |
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 3 October 2026 via checked.be.