IMMO - CORIOULE: 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.
What changed
IMMO - CORIOULE
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€127,247
2024 · €1.8m-€1.7m
Equity
€7.3m
2024 · €7.3m-€35,674
Cash
€274
2024 · €122+€152
Balance sheet total
€9.7m
2024 · €10.1m-€378,871
Largest movements
Assets
- Receivables within one year -€766,228
down €766,228 (-13.9%), from €5.5m to €4.7m
of which Other amounts receivable: -€819,009
- Financial fixed assets +€648,945
up €648,945 (+37.3%), from €1.7m to €2.4m
- Tangible fixed assets -€252,484
down €252,484 (-9.0%), from €2.8m to €2.6m
of which Land and buildings: -€245,971
Equity and liabilities
- Other debts -€500,554
down €500,554 (-59.1%), from €847,192 to €346,638
- Debts after one year +€297,127
up €297,127 (+21.8%), from €1.4m to €1.7m
- Revaluation surpluses -€162,921
down €162,921 (-11.2%), from €1.5m to €1.3m
- Trade debts -€145,809
down €145,809 (-53.8%), from €271,012 to €125,203
Income statement
- Financial income -€960,513
no longer reported in 2025 (was €960,513)
- Gross operating margin -€848,542
down €848,542 (-73.1%), from €1.2m to €312,372
- Financial charges -€159,946
down €159,946 (-76.9%), from €207,895 to €47,949
- Depreciation +€29,174
up €29,174 (+108%), from €26,986 to €56,160
- Other operating charges +€16,842
up €16,842 (+43.1%), from €39,120 to €55,962
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.
Result 2024
€1.8m
Gross operating margin
-€848,542
Depreciation
-€29,174
Other operating charges
-€16,842
Financial income
-€960,513
Financial charges
+€159,946
Taxes
-€1,313
Deferred taxes and other
-€23,592
Result 2025
€127,247
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€323,654
Investment
-€445,888
Financing
+€122,386
Cash 2024
€122
From operations (derived)
+€323,654
Net result for the year
+€127,247
Depreciation
+€56,160
Receivables within one year
+€766,228
Deferred charges and accrued income
+€2,523
Provisions
+€23,592
Trade debts
-€145,809
Tax, wage and social debts
-€5,906
Other debts
-€500,554
Accrued charges and deferred income
+€173
Investment (derived)
-€445,888
Investment in fixed assets (net)
-€445,888
Financing
+€122,386
Debts after one year
+€297,127
Current portion of long-term debt
-€8,072
Short-term financial debts
-€3,748
Contributions, distributions and other
-€162,921
Cash 2025
€274
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,087,444 | €9,708,573 | -€378,871 | -3.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €4,577,305 | €4,967,033 | +€389,728 | +8.5% |
| Intangible fixed assets | 21 | €25,402 | €18,669 | -€6,733 | -26.5% |
| Tangible fixed assets | 22/27 | €2,810,839 | €2,558,355 | -€252,484 | -9.0% |
| Land and buildings | 22 | €2,796,258 | €2,550,287 | -€245,971 | -8.8% |
| Furniture and vehicles | 24 | €14,581 | €8,068 | -€6,513 | -44.7% |
| Financial fixed assets | 28 | €1,741,064 | €2,390,009 | +€648,945 | +37.3% |
| Current assets | 29/58 | €5,510,139 | €4,741,540 | -€768,599 | -13.9% |
| Amounts receivable within one year | 40/41 | €5,504,206 | €4,737,978 | -€766,228 | -13.9% |
| Trade receivables | 40 | €23,053 | €75,834 | +€52,781 | +229% |
| Other amounts receivable | 41 | €5,481,153 | €4,662,144 | -€819,009 | -14.9% |
| Cash at bank and in hand | 54/58 | €122 | €274 | +€152 | +125% |
| Deferred charges and accrued income | 490/1 | €5,811 | €3,288 | -€2,523 | -43.4% |
| Total equity and liabilities | 10/49 | €10,087,444 | €9,708,573 | -€378,871 | -3.8% |
| Equity | 10/15 | €7,342,319 | €7,306,645 | -€35,674 | -0.5% |
| Contributions | 10/11 | €3,068,438 | €3,068,438 | = | 0.0% |
| Capital | 10 | €3,068,438 | €3,068,438 | = | 0.0% |
| Issued capital | 100 | €3,068,438 | €3,068,438 | = | 0.0% |
| Revaluation surpluses | 12 | €1,459,997 | €1,297,076 | -€162,921 | -11.2% |
| Reserves | 13 | €1,194,813 | €1,265,590 | +€70,777 | +5.9% |
| Non-distributable reserves | 130/1 | €306,843 | €306,843 | = | 0.0% |
| Legal reserve | 130 | €306,843 | €306,843 | = | 0.0% |
| Tax-exempt reserves | 132 | €632,625 | €703,402 | +€70,777 | +11.2% |
| Distributable reserves | 133 | €255,345 | €255,345 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,619,071 | €1,675,541 | +€56,470 | +3.5% |
| Provisions and deferred taxes | 16 | €210,875 | €234,467 | +€23,592 | +11.2% |
| Deferred taxes | 168 | €210,875 | €234,467 | +€23,592 | +11.2% |
| Amounts payable | 17/49 | €2,534,250 | €2,167,461 | -€366,789 | -14.5% |
| Amounts payable after more than one year | 17 | €1,364,373 | €1,661,500 | +€297,127 | +21.8% |
| Financial debts | 170/4 | €1,364,373 | €1,661,500 | +€297,127 | +21.8% |
| Amounts payable within one year | 42/48 | €1,169,877 | €505,788 | -€664,089 | -56.8% |
| Current portion of amounts payable after more than one year | 42 | €26,945 | €18,873 | -€8,072 | -30.0% |
| Financial debts | 43 | €3,748 | - | -€3,748 | |
| Credit institutions | 430/8 | €3,748 | - | -€3,748 | |
| Trade debts | 44 | €271,012 | €125,203 | -€145,809 | -53.8% |
| Suppliers | 440/4 | €271,012 | €125,203 | -€145,809 | -53.8% |
| Taxes, remuneration and social security | 45 | €20,980 | €15,074 | -€5,906 | -28.2% |
| Taxes | 450/3 | €12,282 | €12,274 | -€8 | -0.1% |
| Remuneration and social security | 454/9 | €8,698 | €2,800 | -€5,898 | -67.8% |
| Other amounts payable | 47/48 | €847,192 | €346,638 | -€500,554 | -59.1% |
| Accrued charges and deferred income | 492/3 | - | €173 | +€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,986 | €56,160 | +€29,174 | +108% |
| Other operating charges | 640/8 | €39,120 | €55,962 | +€16,842 | +43.1% |
| Gross operating margin | 9900 | €1,160,914 | €312,372 | -€848,542 | -73.1% |
| Operating profit (loss) | 9901 | €1,094,808 | €200,250 | -€894,558 | -81.7% |
| Financial income | 75/76B | €960,513 | - | -€960,513 | |
| Recurring financial income | 75 | €960,513 | - | -€960,513 | |
| Financial charges | 65/66B | €207,895 | €47,949 | -€159,946 | -76.9% |
| Recurring financial charges | 65 | €207,895 | €47,949 | -€159,946 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €1,847,426 | €152,301 | -€1.7m | -91.8% |
| Transfer from deferred taxes | 780 | - | €75,339 | +€75,339 | |
| Transfer to deferred taxes | 680 | - | €98,931 | +€98,931 | |
| Income taxes | 67/77 | €149 | €1,462 | +€1,313 | +881% |
| Profit (loss) for the period | 9904 | €1,847,277 | €127,247 | -€1.7m | -93.1% |
| Transfer from tax-exempt reserves | 789 | - | €226,016 | +€226,016 | |
| Transfer to tax-exempt reserves | 689 | - | €296,793 | +€296,793 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,847,277 | €56,470 | -€1.8m | -96.9% |
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 24 October 2026 via checked.be.