DE CORTE IRIS: 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 CORTE IRIS
Largest movements
- Tangible fixed assets -€14,018
down €14,018 (-23.7%), from €59,062 to €45,044
of which Furniture and vehicles: -€12,367
- Stocks and contracts +€10,223
up €10,223 (+6.8%), from €150,437 to €160,660
- Cash +€4,256
up €4,256 (+13.7%), from €31,030 to €35,286
mainly Depreciation (+€17,114) and Trade debts (+€12,718)
- Trade debts +€12,718
up €12,718 (+77.5%), from €16,409 to €29,127
of which Suppliers: +€12,718
- Other debts -€11,509
down €11,509 (-31.7%), from €36,306 to €24,797
- Debts after one year -€10,976
down €10,976 (-31.8%), from €34,535 to €23,559
- Reserves +€9,468
up €9,468 (+20.4%), from €46,356 to €55,823
of which Distributable reserves: +€9,468
- Tax, wage and social debts +€6,226
up €6,226 (+27.1%), from €22,954 to €29,180
of which Taxes: +€3,322
- Gross operating margin +€17,773
up €17,773 (+36.6%), from €48,539 to €66,312
- Taxes +€4,357
up €4,357 (+2081.9%), from €209 to €4,566
- Staff costs +€921
up €921 (+3.3%), from €27,884 to €28,805
- Financial charges -€844
down €844 (-12.2%), from €6,925 to €6,082
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 | €247,310 | €250,060 | +€2,750 | +1.1% |
| Fixed assets | 21/28 | €63,862 | €49,844 | -€14,018 | -22.0% |
| Tangible fixed assets | 22/27 | €59,062 | €45,044 | -€14,018 | -23.7% |
| Furniture and vehicles | 24 | €47,979 | €35,612 | -€12,367 | -25.8% |
| Other tangible fixed assets | 26 | €11,083 | €9,433 | -€1,651 | -14.9% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €183,448 | €200,216 | +€16,768 | +9.1% |
| Stocks and contracts in progress | 3 | €150,437 | €160,660 | +€10,223 | +6.8% |
| Stocks | 30/36 | €150,437 | €160,660 | +€10,223 | +6.8% |
| Amounts receivable within one year | 40/41 | €852 | €2,814 | +€1,961 | +230.1% |
| Trade receivables | 40 | €815 | €2,814 | +€1,999 | +245.3% |
| Other amounts receivable | 41 | €38 | €0 | -€38 | -100.0% |
| Cash at bank and in hand | 54/58 | €31,030 | €35,286 | +€4,256 | +13.7% |
| Deferred charges and accrued income | 490/1 | €1,129 | €1,456 | +€327 | +29.0% |
| Total equity and liabilities | 10/49 | €247,310 | €250,060 | +€2,750 | +1.1% |
| Equity | 10/15 | €121,356 | €130,823 | +€9,468 | +7.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €46,356 | €55,823 | +€9,468 | +20.4% |
| Tax-exempt reserves | 132 | €188 | €188 | = | 0.0% |
| Distributable reserves | 133 | €46,168 | €55,636 | +€9,468 | +20.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €125,955 | €119,237 | -€6,718 | -5.3% |
| Amounts payable after more than one year | 17 | €34,535 | €23,559 | -€10,976 | -31.8% |
| Financial debts | 170/4 | €34,535 | €23,559 | -€10,976 | -31.8% |
| Amounts payable within one year | 42/48 | €91,420 | €94,110 | +€2,690 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €15,720 | €10,976 | -€4,744 | -30.2% |
| Financial debts | 43 | €32 | €30 | -€1 | -3.5% |
| Credit institutions | 430/8 | €32 | €30 | -€1 | -3.5% |
| Trade debts | 44 | €16,409 | €29,127 | +€12,718 | +77.5% |
| Suppliers | 440/4 | €16,409 | €29,127 | +€12,718 | +77.5% |
| Bills of exchange payable | 441 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,954 | €29,180 | +€6,226 | +27.1% |
| Taxes | 450/3 | €18,293 | €21,614 | +€3,322 | +18.2% |
| Remuneration and social security | 454/9 | €4,661 | €7,566 | +€2,905 | +62.3% |
| Other amounts payable | 47/48 | €36,306 | €24,797 | -€11,509 | -31.7% |
| Accrued charges and deferred income | 492/3 | - | €1,568 | +€1,568 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €27,884 | €28,805 | +€921 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,980 | €17,114 | +€135 | +0.8% |
| Other operating charges | 640/8 | €498 | €278 | -€219 | -44.1% |
| Gross operating margin | 9900 | €48,539 | €66,312 | +€17,773 | +36.6% |
| Operating profit (loss) | 9901 | €3,178 | €20,114 | +€16,936 | +532.9% |
| Financial income | 75/76B | €32 | €1 | -€31 | -97.3% |
| Recurring financial income | 75 | €32 | €1 | -€31 | -97.3% |
| Financial charges | 65/66B | €6,925 | €6,082 | -€844 | -12.2% |
| Recurring financial charges | 65 | €6,925 | €6,082 | -€844 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,716 | €14,033 | +€17,749 | |
| Income taxes | 67/77 | €209 | €4,566 | +€4,357 | +2081.9% |
| Profit (loss) for the period | 9904 | -€3,925 | €9,468 | +€13,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,925 | €9,468 | +€13,392 |
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 12 October 2026 via checked.be.