DE CORT: 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.
DE CORT
Largest movements
- Tangible fixed assets -€11,728
down €11,728 (-39.7%), from €29,536 to €17,808
of which Furniture and vehicles: -€11,187
- Cash +€8,885
up €8,885 (+10.2%), from €87,110 to €95,995
mainly Depreciation (+€11,728) and Trade debts (+€10,766)
- Tax, wage and social debts -€15,826
down €15,826 (-100.0%), from €15,826 to €0
- Trade debts +€10,766
up €10,766 (+861.6%), from €1,250 to €12,015
- Reserves +€8,430
up €8,430 (+11.2%), from €75,503 to €83,933
- Debts after one year -€5,243
down €5,243 (-38.6%), from €13,578 to €8,335
- Gross operating margin -€32,779
down €32,779 (-53.3%), from €61,449 to €28,670
- Taxes -€11,958
down €11,958 (-71.9%), from €16,631 to €4,673
- Financial income -€5,762
down €5,762 (-99.6%), from €5,786 to €25
of which Non-recurring financial income: -€5,786
- Depreciation +€5,110
up €5,110 (+77.2%), from €6,618 to €11,728
- Other operating charges -€1,015
down €1,015 (-32.5%), from €3,119 to €2,104
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 | €133,949 | €132,668 | -€1,280 | -1.0% |
| Fixed assets | 21/28 | €29,536 | €17,808 | -€11,728 | -39.7% |
| Tangible fixed assets | 22/27 | €29,536 | €17,808 | -€11,728 | -39.7% |
| Plant, machinery and equipment | 23 | €184 | €0 | -€184 | -100.0% |
| Furniture and vehicles | 24 | €27,540 | €16,353 | -€11,187 | -40.6% |
| Other tangible fixed assets | 26 | €1,812 | €1,456 | -€357 | -19.7% |
| Current assets | 29/58 | €104,413 | €114,860 | +€10,447 | +10.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €16,932 | €18,043 | +€1,112 | +6.6% |
| Trade receivables | 40 | €16,932 | €9,152 | -€7,779 | -45.9% |
| Other amounts receivable | 41 | €0 | €8,891 | +€8,891 | |
| Cash at bank and in hand | 54/58 | €87,110 | €95,995 | +€8,885 | +10.2% |
| Deferred charges and accrued income | 490/1 | €371 | €821 | +€450 | +121.3% |
| Total equity and liabilities | 10/49 | €133,949 | €132,668 | -€1,280 | -1.0% |
| Equity | 10/15 | €95,954 | €104,384 | +€8,430 | +8.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €75,503 | €83,933 | +€8,430 | +11.2% |
| Distributable reserves | 133 | €75,503 | €83,933 | +€8,430 | +11.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €37,995 | €28,284 | -€9,710 | -25.6% |
| Amounts payable after more than one year | 17 | €13,578 | €8,335 | -€5,243 | -38.6% |
| Financial debts | 170/4 | €13,578 | €8,335 | -€5,243 | -38.6% |
| Amounts payable within one year | 42/48 | €24,417 | €19,949 | -€4,467 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €7,341 | €7,692 | +€352 | +4.8% |
| Trade debts | 44 | €1,250 | €12,015 | +€10,766 | +861.6% |
| Suppliers | 440/4 | €1,250 | €12,015 | +€10,766 | +861.6% |
| Taxes, remuneration and social security | 45 | €15,826 | €0 | -€15,826 | -100.0% |
| Taxes | 450/3 | €15,826 | €0 | -€15,826 | -100.0% |
| Other amounts payable | 47/48 | - | €242 | +€242 | |
| Non-recurring operating income | 76A | €4,959 | €0 | -€4,959 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,558 | €552 | -€1,006 | -64.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,618 | €11,728 | +€5,110 | +77.2% |
| Other operating charges | 640/8 | €3,119 | €2,104 | -€1,015 | -32.5% |
| Gross operating margin | 9900 | €61,449 | €28,670 | -€32,779 | -53.3% |
| Operating profit (loss) | 9901 | €50,155 | €14,286 | -€35,869 | -71.5% |
| Financial income | 75/76B | €5,786 | €25 | -€5,762 | -99.6% |
| Recurring financial income | 75 | €0 | €25 | +€24 | +5495.5% |
| Non-recurring financial income | 76B | €5,786 | €0 | -€5,786 | -100.0% |
| Financial charges | 65/66B | €870 | €1,208 | +€338 | +38.8% |
| Recurring financial charges | 65 | €870 | €1,208 | +€338 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €55,071 | €13,103 | -€41,968 | -76.2% |
| Income taxes | 67/77 | €16,631 | €4,673 | -€11,958 | -71.9% |
| Profit (loss) for the period | 9904 | €38,440 | €8,430 | -€30,010 | -78.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,440 | €8,430 | -€30,010 | -78.1% |
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 10 October 2026 via checked.be.