CORENCO: 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.
CORENCO
Largest movements
- Tangible fixed assets +€6,986
up €6,986 (+26.6%), from €26,310 to €33,296
of which Land and buildings: +€9,777
- Cash -€4,388
down €4,388 (-28.4%), from €15,468 to €11,080
mainly Investment in fixed assets (net) (-€16,566) and Tax, wage and social debts (-€1,138)
- Receivables within one year -€1,190
down €1,190 (-6.5%), from €18,444 to €17,254
of which Trade receivables: -€5,640
- Accrued charges and deferred income +€1,800
new in 2025: €1,800
- Tax, wage and social debts -€1,138
down €1,138 (-9.2%), from €12,352 to €11,214
- Gross operating margin -€3,559
down €3,559 (-18.5%), from €19,256 to €15,696
- Depreciation +€722
up €722 (+8.2%), from €8,857 to €9,580
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 | €80,622 | €82,030 | +€1,409 | +1.7% |
| Fixed assets | 21/28 | €46,710 | €53,696 | +€6,986 | +15.0% |
| Tangible fixed assets | 22/27 | €26,310 | €33,296 | +€6,986 | +26.6% |
| Land and buildings | 22 | €14,238 | €24,015 | +€9,777 | +68.7% |
| Plant, machinery and equipment | 23 | €5,867 | €4,533 | -€1,334 | -22.7% |
| Furniture and vehicles | 24 | €6,205 | €4,748 | -€1,457 | -23.5% |
| Financial fixed assets | 28 | €20,400 | €20,400 | = | 0.0% |
| Current assets | 29/58 | €33,912 | €28,335 | -€5,577 | -16.4% |
| Amounts receivable within one year | 40/41 | €18,444 | €17,254 | -€1,190 | -6.5% |
| Trade receivables | 40 | €8,424 | €2,784 | -€5,640 | -66.9% |
| Other amounts receivable | 41 | €10,020 | €14,470 | +€4,450 | +44.4% |
| Cash at bank and in hand | 54/58 | €15,468 | €11,080 | -€4,388 | -28.4% |
| Total equity and liabilities | 10/49 | €80,622 | €82,030 | +€1,409 | +1.7% |
| Equity | 10/15 | €66,519 | €66,976 | +€457 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,059 | €46,516 | +€457 | +1.0% |
| Amounts payable | 17/49 | €14,102 | €15,054 | +€952 | +6.7% |
| Amounts payable within one year | 42/48 | €14,102 | €13,254 | -€848 | -6.0% |
| Trade debts | 44 | €1,750 | €2,040 | +€290 | +16.6% |
| Suppliers | 440/4 | €1,750 | €2,040 | +€290 | +16.6% |
| Taxes, remuneration and social security | 45 | €12,352 | €11,214 | -€1,138 | -9.2% |
| Taxes | 450/3 | €12,352 | €11,214 | -€1,138 | -9.2% |
| Accrued charges and deferred income | 492/3 | - | €1,800 | +€1,800 | |
| Non-recurring operating income | 76A | - | €244 | +€244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,857 | €9,580 | +€722 | +8.2% |
| Other operating charges | 640/8 | €505 | €537 | +€32 | +6.2% |
| Gross operating margin | 9900 | €19,256 | €15,696 | -€3,559 | -18.5% |
| Operating profit (loss) | 9901 | €9,893 | €5,580 | -€4,313 | -43.6% |
| Financial income | 75/76B | €235 | €305 | +€70 | +29.7% |
| Recurring financial income | 75 | €235 | €305 | +€70 | +29.7% |
| Financial charges | 65/66B | €161 | €165 | +€4 | +2.5% |
| Recurring financial charges | 65 | €161 | €165 | +€4 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €9,966 | €5,719 | -€4,247 | -42.6% |
| Income taxes | 67/77 | €5,159 | €5,262 | +€103 | +2.0% |
| Profit (loss) for the period | 9904 | €4,808 | €457 | -€4,351 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,808 | €457 | -€4,351 | -90.5% |
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 29 October 2026 via checked.be.