Assurances CORNET: 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.
Assurances CORNET
Largest movements
- Tangible fixed assets +€67,267
up €67,267 (+31.2%), from €215,304 to €282,570
of which Plant, machinery and equipment: +€72,186
- Intangible fixed assets -€23,000
down €23,000 (-20.0%), from €115,000 to €92,000
- Receivables within one year +€8,650
up €8,650 (+1998.0%), from €433 to €9,083
of which Other amounts receivable: +€8,650
- Debts after one year +€39,847
up €39,847 (+17.2%), from €231,736 to €271,583
- Current portion of long-term debt +€11,798
up €11,798 (+48.8%), from €24,200 to €35,998
- Other debts +€5,000
up €5,000 (+83.3%), from €6,000 to €11,000
- Profit (loss) carried forward +€4,578
up €4,578 (+8.2%), from €55,569 to €60,148
- Tax, wage and social debts -€4,032
down €4,032 (-34.4%), from €11,734 to €7,701
of which Taxes: -€3,034
- Gross operating margin +€15,665
up €15,665 (+11.8%), from €132,589 to €148,253
- Depreciation +€7,767
up €7,767 (+19.8%), from €39,230 to €46,996
- Financial charges +€4,535
up €4,535 (+89.0%), from €5,097 to €9,632
of which Financial charges: +€4,535
- Staff costs +€4,079
up €4,079 (+6.1%), from €67,005 to €71,084
- Taxes -€1,713
down €1,713 (-20.5%), from €8,350 to €6,637
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.
Cash bridge derived
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 | €336,115 | €392,592 | +€56,477 | +16.8% |
| Fixed assets | 21/28 | €330,304 | €377,070 | +€46,767 | +14.2% |
| Intangible fixed assets | 21 | €115,000 | €92,000 | -€23,000 | -20.0% |
| Tangible fixed assets | 22/27 | €215,304 | €282,570 | +€67,267 | +31.2% |
| Land and buildings | 22 | €171,384 | €162,554 | -€8,830 | -5.2% |
| Plant, machinery and equipment | 23 | €20,671 | €92,858 | +€72,186 | +349.2% |
| Furniture and vehicles | 24 | €23,248 | €27,158 | +€3,910 | +16.8% |
| Financial fixed assets | 28 | €0 | €2,500 | +€2,500 | |
| Current assets | 29/58 | €5,811 | €15,522 | +€9,711 | +167.1% |
| Amounts receivable within one year | 40/41 | €433 | €9,083 | +€8,650 | +1998.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €433 | €9,083 | +€8,650 | +1998.0% |
| Cash at bank and in hand | 54/58 | €2,715 | €6,311 | +€3,596 | +132.4% |
| Deferred charges and accrued income | 490/1 | €2,663 | €128 | -€2,535 | -95.2% |
| Total equity and liabilities | 10/49 | €336,115 | €392,592 | +€56,477 | +16.8% |
| Equity | 10/15 | €60,569 | €65,148 | +€4,578 | +7.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,569 | €60,148 | +€4,578 | +8.2% |
| Amounts payable | 17/49 | €275,546 | €327,445 | +€51,899 | +18.8% |
| Amounts payable after more than one year | 17 | €231,736 | €271,583 | +€39,847 | +17.2% |
| Financial debts | 170/4 | €231,736 | €271,583 | +€39,847 | +17.2% |
| Amounts payable within one year | 42/48 | €41,933 | €54,699 | +€12,766 | +30.4% |
| Current portion of amounts payable after more than one year | 42 | €24,200 | €35,998 | +€11,798 | +48.8% |
| Taxes, remuneration and social security | 45 | €11,734 | €7,701 | -€4,032 | -34.4% |
| Taxes | 450/3 | €3,034 | €0 | -€3,034 | -100.0% |
| Remuneration and social security | 454/9 | €8,700 | €7,701 | -€999 | -11.5% |
| Other amounts payable | 47/48 | €6,000 | €11,000 | +€5,000 | +83.3% |
| Accrued charges and deferred income | 492/3 | €1,876 | €1,162 | -€714 | -38.0% |
| Non-recurring operating income | 76A | - | €172 | +€172 | |
| Remuneration, social security and pensions | 62 | €67,005 | €71,084 | +€4,079 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,230 | €46,996 | +€7,767 | +19.8% |
| Other operating charges | 640/8 | €3,502 | €3,400 | -€102 | -2.9% |
| Gross operating margin | 9900 | €132,589 | €148,253 | +€15,665 | +11.8% |
| Operating profit (loss) | 9901 | €22,853 | €26,773 | +€3,921 | +17.2% |
| Financial income | 75/76B | €134 | €74 | -€60 | -44.5% |
| Recurring financial income | 75 | €134 | €74 | -€60 | -44.5% |
| Financial charges | 65/66B | €5,097 | €9,632 | +€4,535 | +89.0% |
| Recurring financial charges | 65 | €5,097 | €9,632 | +€4,535 | +89.0% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €17,890 | €17,216 | -€674 | -3.8% |
| Income taxes | 67/77 | €8,350 | €6,637 | -€1,713 | -20.5% |
| Profit (loss) for the period | 9904 | €9,540 | €10,578 | +€1,038 | +10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,540 | €10,578 | +€1,038 | +10.9% |
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 9 October 2026 via checked.be.