CORMAN: what changed
What changed
CORMAN
NACE 85.599, Other education
filed annual accounts (NBB)
Net result for the year
-€11,579
2024 · -€10,130-€1,449
Equity
-€19,337
2024 · -€7,759-€11,579
Cash
-
not filed
Balance sheet total
€28,409
2024 · €39,987-€11,579
Largest movements
Assets
- Tangible fixed assets -€11,579
down €11,579 (-30.9%), from €37,415 to €25,836
of which Land and buildings: -€9,139
Equity and liabilities
- Profit (loss) carried forward -€11,579
down €11,579 (-31.4%), from -€36,903 to -€48,482
- Short-term financial debts -€9,125
no longer reported in 2025 (was €9,125)
- Other debts +€9,125
up €9,125 (+94.6%), from €9,650 to €18,775
Income statement
- Gross operating margin -€5,510
no longer reported in 2025 (was €5,510)
- Financial charges -€1,583
no longer reported in 2025 (was €1,583)
- Other operating charges -€1,576
no longer reported in 2025 (was €1,576)
- Depreciation -€901
down €901 (-7.2%), from €12,480 to €11,579
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€10,130
Depreciation
+€901
Other operating charges
+€1,576
Other operating items
-€5,510
Financial charges
+€1,583
Result 2025
-€11,579
raises the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,987 | €28,409 | -€11,579 | -29.0% |
| Fixed assets | 21/28 | €37,415 | €25,836 | -€11,579 | -30.9% |
| Tangible fixed assets | 22/27 | €37,415 | €25,836 | -€11,579 | -30.9% |
| Land and buildings | 22 | €34,975 | €25,836 | -€9,139 | -26.1% |
| Plant, machinery and equipment | 23 | €1,406 | - | -€1,406 | |
| Leasing and similar rights | 25 | €1,034 | - | -€1,034 | |
| Current assets | 29/58 | €2,573 | €2,573 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,573 | €2,573 | = | 0.0% |
| Trade receivables | 40 | €636 | €636 | = | 0.0% |
| Other amounts receivable | 41 | €1,936 | €1,936 | = | 0.0% |
| Total equity and liabilities | 10/49 | €39,987 | €28,409 | -€11,579 | -29.0% |
| Equity | 10/15 | -€7,759 | -€19,337 | -€11,579 | -149% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €10,552 | €10,552 | = | 0.0% |
| Non-distributable reserves | 130/1 | €552 | €552 | = | 0.0% |
| Reserves not available under the articles | 1311 | €552 | €552 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,903 | -€48,482 | -€11,579 | -31.4% |
| Amounts payable | 17/49 | €47,746 | €47,746 | = | 0.0% |
| Amounts payable after more than one year | 17 | €5,350 | €5,350 | = | 0.0% |
| Financial debts | 170/4 | €5,350 | €5,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €42,396 | €42,396 | = | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €20,471 | €20,471 | = | 0.0% |
| Financial debts | 43 | €9,125 | - | -€9,125 | |
| Credit institutions | 430/8 | €9,125 | - | -€9,125 | |
| Taxes, remuneration and social security | 45 | €3,150 | €3,150 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Remuneration and social security | 454/9 | €150 | €150 | = | 0.0% |
| Other amounts payable | 47/48 | €9,650 | €18,775 | +€9,125 | +94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,480 | €11,579 | -€901 | -7.2% |
| Other operating charges | 640/8 | €1,576 | - | -€1,576 | |
| Gross operating margin | 9900 | €5,510 | - | -€5,510 | |
| Operating profit (loss) | 9901 | -€8,546 | -€11,579 | -€3,032 | -35.5% |
| Financial charges | 65/66B | €1,583 | - | -€1,583 | |
| Recurring financial charges | 65 | €1,583 | - | -€1,583 | |
| Profit (loss) for the period before taxes | 9903 | -€10,130 | -€11,579 | -€1,449 | -14.3% |
| Profit (loss) for the period | 9904 | -€10,130 | -€11,579 | -€1,449 | -14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,130 | -€11,579 | -€1,449 | -14.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.