BART CORNU DESIGN: what changed
Two fiscal 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.
BART CORNU DESIGN
Largest movements
- Tangible fixed assets -€16,234
down €16,234 (-17.8%), from €91,151 to €74,917
of which Land and buildings: -€14,376
- Cash -€7,760
down €7,760 (-35.2%), from €22,048 to €14,288
mainly Net result for the year (-€17,093) and Debts after one year (-€13,240)
- Stocks and contracts +€3,250
up €3,250 (+53.8%), from €6,045 to €9,295
- Receivables within one year -€2,297
down €2,297 (-2.4%), from €97,735 to €95,438
of which Other amounts receivable: -€4,264
- Profit (loss) carried forward -€17,093
new in 2025: -€17,093
- Debts after one year -€13,240
down €13,240 (-9.3%), from €142,616 to €129,376
- Tax, wage and social debts +€9,111
up €9,111 (+310.8%), from €2,932 to €12,042
of which Remuneration and social security: +€9,185
- Gross operating margin -€45,052
down €45,052 (-57.5%), from €78,387 to €33,335
- Other operating charges -€12,883
down €12,883 (-76.2%), from €16,898 to €4,016
- Depreciation -€9,855
down €9,855 (-36.6%), from €26,958 to €17,103
- Staff costs -€3,201
down €3,201 (-12.1%), from €26,487 to €23,286
- Financial charges -€1,030
down €1,030 (-14.9%), from €6,930 to €5,900
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 | €217,753 | €194,712 | -€23,040 | -10.6% |
| Fixed assets | 21/28 | €91,926 | €75,692 | -€16,234 | -17.7% |
| Tangible fixed assets | 22/27 | €91,151 | €74,917 | -€16,234 | -17.8% |
| Land and buildings | 22 | €86,875 | €72,499 | -€14,376 | -16.5% |
| Plant, machinery and equipment | 23 | €2,656 | €1,386 | -€1,270 | -47.8% |
| Furniture and vehicles | 24 | €748 | €1,032 | +€284 | +38.0% |
| Leasing and similar rights | 25 | €872 | - | -€872 | |
| Financial fixed assets | 28 | €775 | €775 | = | 0.0% |
| Current assets | 29/58 | €125,827 | €119,020 | -€6,806 | -5.4% |
| Stocks and contracts in progress | 3 | €6,045 | €9,295 | +€3,250 | +53.8% |
| Stocks | 30/36 | €6,045 | €9,295 | +€3,250 | +53.8% |
| Amounts receivable within one year | 40/41 | €97,735 | €95,438 | -€2,297 | -2.4% |
| Trade receivables | 40 | €90,960 | €92,927 | +€1,967 | +2.2% |
| Other amounts receivable | 41 | €6,775 | €2,510 | -€4,264 | -62.9% |
| Cash at bank and in hand | 54/58 | €22,048 | €14,288 | -€7,760 | -35.2% |
| Total equity and liabilities | 10/49 | €217,753 | €194,712 | -€23,040 | -10.6% |
| Equity | 10/15 | €8,123 | -€8,970 | -€17,093 | |
| Reserves | 13 | €8,123 | €8,123 | = | 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% |
| Distributable reserves | 133 | €6,263 | €6,263 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,093 | -€17,093 | |
| Amounts payable | 17/49 | €209,630 | €203,682 | -€5,948 | -2.8% |
| Amounts payable after more than one year | 17 | €142,616 | €129,376 | -€13,240 | -9.3% |
| Financial debts | 170/4 | €142,616 | €129,376 | -€13,240 | -9.3% |
| Amounts payable within one year | 42/48 | €67,014 | €74,306 | +€7,292 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €11,178 | €10,623 | -€556 | -5.0% |
| Trade debts | 44 | €42,812 | €43,307 | +€495 | +1.2% |
| Suppliers | 440/4 | €42,812 | €43,307 | +€495 | +1.2% |
| Taxes, remuneration and social security | 45 | €2,932 | €12,042 | +€9,111 | +310.8% |
| Taxes | 450/3 | €213 | €139 | -€74 | -34.7% |
| Remuneration and social security | 454/9 | €2,719 | €11,904 | +€9,185 | +337.8% |
| Other amounts payable | 47/48 | €10,092 | €8,335 | -€1,757 | -17.4% |
| Remuneration, social security and pensions | 62 | €26,487 | €23,286 | -€3,201 | -12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,958 | €17,103 | -€9,855 | -36.6% |
| Other operating charges | 640/8 | €16,898 | €4,016 | -€12,883 | -76.2% |
| Gross operating margin | 9900 | €78,387 | €33,335 | -€45,052 | -57.5% |
| Operating profit (loss) | 9901 | €8,043 | -€11,070 | -€19,113 | |
| Financial income | 75/76B | €140 | €18 | -€122 | -87.3% |
| Recurring financial income | 75 | €140 | €18 | -€122 | -87.3% |
| Financial charges | 65/66B | €6,930 | €5,900 | -€1,030 | -14.9% |
| Recurring financial charges | 65 | €6,930 | €5,900 | -€1,030 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €1,253 | -€16,952 | -€18,205 | |
| Income taxes | 67/77 | €239 | €141 | -€98 | -41.0% |
| Profit (loss) for the period | 9904 | €1,015 | -€17,093 | -€18,107 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,015 | -€17,093 | -€18,107 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.