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co-RE²: 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

co-RE²

BE 0790.712.029
NACE 64.210, Activities of holding companies
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€18,136
2023 · -€11,426-€6,710
Equity
€43,938
2023 · €62,074-€18,136
Cash
€2,531
2023 · €9,282-€6,751
Balance sheet total
€372,625
2023 · €379,375-€6,751

Largest movements

2023 to 2024
Assets
  • Cash -€6,751

    down €6,751 (-72.7%), from €9,282 to €2,531

    mainly Other debts (-€120,000) and Net result for the year (-€18,136)

Equity and liabilities
  • Other debts -€120,000

    down €120,000 (-71.3%), from €168,333 to €48,333

  • Debts after one year +€115,000

    up €115,000 (+80.3%), from €143,250 to €258,250

  • Profit (loss) carried forward -€18,136

    down €18,136 (-159%), from -€11,426 to -€29,562

  • Accrued charges and deferred income +€16,464

    up €16,464 (+297%), from €5,547 to €22,011

Income statement
  • Financial charges +€11,258

    up €11,258 (+335%), from €3,360 to €14,617

  • Gross operating margin +€4,905

    up €4,905 (+66.1%), from -€7,420 to -€2,516

  • Other operating charges +€357

    up €357 (+55.3%), from €646 to €1,003

From the 2023 result to the 2024 result

effect on the 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 2023 -€11,426
Gross operating margin +€4,905
Other operating charges -€357
Financial charges -€11,258
Result 2024 -€18,136
raises the resultlowers the result

Derived cash bridge

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations -€121,751
Investment €0
Financing +€115,000
Cash 2023 €9,282
Net result for the year -€18,136
Trade debts -€79
Other debts -€120,000
Accrued charges and deferred income +€16,464
Debts after one year +€115,000
Cash 2024 €2,531
brings cash intakes cash out
Every line side by side 27 lines
Line Code 2023 2024 Change %
Total assets 20/58 €379,375 €372,625 -€6,751 -1.8%
Fixed assets 21/28 €333,343 €333,343 = 0.0%
Financial fixed assets 28 €333,343 €333,343 = 0.0%
Current assets 29/58 €46,032 €39,281 -€6,751 -14.7%
Amounts receivable within one year 40/41 €36,750 €36,750 = 0.0%
Other amounts receivable 41 €36,750 €36,750 = 0.0%
Cash at bank and in hand 54/58 €9,282 €2,531 -€6,751 -72.7%
Total equity and liabilities 10/49 €379,375 €372,625 -€6,751 -1.8%
Equity 10/15 €62,074 €43,938 -€18,136 -29.2%
Contributions 10/11 €73,500 €73,500 = 0.0%
Profit (loss) carried forward 14 -€11,426 -€29,562 -€18,136 -159%
Amounts payable 17/49 €317,301 €328,687 +€11,385 +3.6%
Amounts payable after more than one year 17 €143,250 €258,250 +€115,000 +80.3%
Financial debts 170/4 €143,250 €258,250 +€115,000 +80.3%
Amounts payable within one year 42/48 €168,504 €48,426 -€120,079 -71.3%
Trade debts 44 €171 €93 -€79 -46.0%
Suppliers 440/4 €171 €93 -€79 -46.0%
Other amounts payable 47/48 €168,333 €48,333 -€120,000 -71.3%
Accrued charges and deferred income 492/3 €5,547 €22,011 +€16,464 +297%
Other operating charges 640/8 €646 €1,003 +€357 +55.3%
Gross operating margin 9900 -€7,420 -€2,516 +€4,905 +66.1%
Operating profit (loss) 9901 -€8,066 -€3,519 +€4,547 +56.4%
Financial charges 65/66B €3,360 €14,617 +€11,258 +335%
Recurring financial charges 65 €3,360 €14,617 +€11,258 +335%
Profit (loss) for the period before taxes 9903 -€11,426 -€18,136 -€6,710 -58.7%
Profit (loss) for the period 9904 -€11,426 -€18,136 -€6,710 -58.7%
Profit (loss) for the period to be appropriated 9905 -€11,426 -€18,136 -€6,710 -58.7%

Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.