V-CORSE: 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.
V-CORSE
Largest movements
- Cash +€101
up €101 (+4,679%), from €2 to €103
mainly Other debts (+€2,125) and Tax, wage and social debts (+€22)
- Other debts +€2,125
up €2,125 (+13.8%), from €15,432 to €17,558
- Profit (loss) carried forward -€1,455
down €1,455 (-6.5%), from -€22,305 to -€23,761
- Trade debts -€592
down €592 (-70.0%), from €846 to €254
- Tax, wage and social debts +€22
up €22 (+10.3%), from €219 to €241
- Financial charges -€1,257
down €1,257 (-76.4%), from €1,644 to €387
- Other operating charges +€519
up €519 (+112%), from €465 to €984
- Gross operating margin +€424
up €424 (+83.6%), from -€508 to -€83
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €392 | €492 | +€101 | +25.7% |
| Current assets | 29/58 | €392 | €492 | +€101 | +25.7% |
| Stocks and contracts in progress | 3 | €390 | €390 | = | 0.0% |
| Stocks | 30/36 | €390 | €390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2 | €103 | +€101 | +4,679% |
| Total equity and liabilities | 10/49 | €392 | €492 | +€101 | +25.7% |
| Equity | 10/15 | -€16,105 | -€17,561 | -€1,455 | -9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,305 | -€23,761 | -€1,455 | -6.5% |
| Amounts payable | 17/49 | €16,497 | €18,053 | +€1,556 | +9.4% |
| Amounts payable within one year | 42/48 | €16,497 | €18,053 | +€1,556 | +9.4% |
| Trade debts | 44 | €846 | €254 | -€592 | -70.0% |
| Suppliers | 440/4 | €846 | €254 | -€592 | -70.0% |
| Taxes, remuneration and social security | 45 | €219 | €241 | +€22 | +10.3% |
| Taxes | 450/3 | €219 | €241 | +€22 | +10.3% |
| Other amounts payable | 47/48 | €15,432 | €17,558 | +€2,125 | +13.8% |
| Other operating charges | 640/8 | €465 | €984 | +€519 | +112% |
| Gross operating margin | 9900 | -€508 | -€83 | +€424 | +83.6% |
| Operating profit (loss) | 9901 | -€973 | -€1,068 | -€95 | -9.8% |
| Financial charges | 65/66B | €1,644 | €387 | -€1,257 | -76.4% |
| Recurring financial charges | 65 | €1,644 | €387 | -€1,257 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,617 | -€1,455 | +€1,161 | +44.4% |
| Profit (loss) for the period | 9904 | -€2,617 | -€1,455 | +€1,161 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,617 | -€1,455 | +€1,161 | +44.4% |
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 27 October 2026 via checked.be.