Via Cortes: 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.
Via Cortes
Largest movements
- Cash -€4,381
down €4,381 (-28.9%), from €15,154 to €10,773
mainly Contributions, distributions and other (-€6,418) and Tax, wage and social debts (-€2,229)
- Tangible fixed assets -€3,048
down €3,048 (-46.3%), from €6,588 to €3,540
of which Furniture and vehicles: -€2,033
- Stocks and contracts -€1,553
down €1,553 (-17.1%), from €9,100 to €7,547
- Receivables within one year +€945
up €945 (+13.1%), from €7,217 to €8,163
of which Trade receivables: +€596
- Reserves -€4,315
down €4,315 (-91.8%), from €4,700 to €385
- Tax, wage and social debts -€2,229
down €2,229 (-53.2%), from €4,189 to €1,960
- Trade debts -€1,131
down €1,131 (-44.4%), from €2,544 to €1,413
- Gross operating margin -€2,341
down €2,341 (-19.8%), from €11,830 to €9,489
- Depreciation +€956
up €956 (+45.7%), from €2,092 to €3,048
- Taxes -€680
down €680 (-24.0%), from €2,831 to €2,150
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 | €38,447 | €30,374 | -€8,073 | -21.0% |
| Fixed assets | 21/28 | €6,838 | €3,790 | -€3,048 | -44.6% |
| Tangible fixed assets | 22/27 | €6,588 | €3,540 | -€3,048 | -46.3% |
| Land and buildings | 22 | €655 | €344 | -€311 | -47.5% |
| Plant, machinery and equipment | 23 | €901 | €196 | -€705 | -78.2% |
| Furniture and vehicles | 24 | €5,033 | €3,000 | -€2,033 | -40.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €31,608 | €26,584 | -€5,025 | -15.9% |
| Stocks and contracts in progress | 3 | €9,100 | €7,547 | -€1,553 | -17.1% |
| Stocks | 30/36 | €9,100 | €7,547 | -€1,553 | -17.1% |
| Amounts receivable within one year | 40/41 | €7,217 | €8,163 | +€945 | +13.1% |
| Trade receivables | 40 | €7,217 | €7,813 | +€596 | +8.3% |
| Other amounts receivable | 41 | - | €350 | +€350 | |
| Cash at bank and in hand | 54/58 | €15,154 | €10,773 | -€4,381 | -28.9% |
| Deferred charges and accrued income | 490/1 | €137 | €101 | -€36 | -26.1% |
| Total equity and liabilities | 10/49 | €38,447 | €30,374 | -€8,073 | -21.0% |
| Equity | 10/15 | €6,769 | €2,385 | -€4,383 | -64.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,700 | €385 | -€4,315 | -91.8% |
| Distributable reserves | 133 | €4,700 | €385 | -€4,315 | -91.8% |
| Profit (loss) carried forward | 14 | €69 | €0 | -€68 | -99.6% |
| Amounts payable | 17/49 | €31,678 | €27,989 | -€3,689 | -11.6% |
| Amounts payable after more than one year | 17 | €15,776 | €15,776 | = | 0.0% |
| Other amounts payable | 178/9 | €15,776 | €15,776 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,902 | €12,213 | -€3,689 | -23.2% |
| Trade debts | 44 | €2,544 | €1,413 | -€1,131 | -44.4% |
| Suppliers | 440/4 | €2,544 | €1,413 | -€1,131 | -44.4% |
| Taxes, remuneration and social security | 45 | €4,189 | €1,960 | -€2,229 | -53.2% |
| Taxes | 450/3 | €4,189 | €1,960 | -€2,229 | -53.2% |
| Other amounts payable | 47/48 | €9,169 | €8,840 | -€330 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,092 | €3,048 | +€956 | +45.7% |
| Other operating charges | 640/8 | €2,099 | €2,107 | +€7 | +0.3% |
| Gross operating margin | 9900 | €11,830 | €9,489 | -€2,341 | -19.8% |
| Operating profit (loss) | 9901 | €7,638 | €4,334 | -€3,304 | -43.3% |
| Financial income | 75/76B | €11 | €1 | -€11 | -93.8% |
| Recurring financial income | 75 | €11 | €1 | -€11 | -93.8% |
| Financial charges | 65/66B | €120 | €150 | +€30 | +25.0% |
| Recurring financial charges | 65 | €120 | €150 | +€30 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €7,530 | €4,185 | -€3,345 | -44.4% |
| Income taxes | 67/77 | €2,831 | €2,150 | -€680 | -24.0% |
| Profit (loss) for the period | 9904 | €4,699 | €2,035 | -€2,664 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,699 | €2,035 | -€2,664 | -56.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.