COORNAERT TOM: 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.
COORNAERT TOM
Largest movements
- Stocks and contracts +€35,000
new in 2025: €35,000
- Receivables within one year -€32,231
down €32,231 (-13.6%), from €237,166 to €204,935
of which Other amounts receivable: -€25,831
- Tangible fixed assets +€17,730
up €17,730 (+13.9%), from €127,805 to €145,534
of which Furniture and vehicles: +€26,413
- Debts after one year +€28,083
up €28,083 (+130%), from €21,597 to €49,680
- Reserves -€17,092
down €17,092 (-3.7%), from €458,376 to €441,284
- Gross operating margin +€12,725
up €12,725 (+12.9%), from €98,833 to €111,559
- Depreciation +€10,030
up €10,030 (+35.5%), from €28,285 to €38,315
- Taxes -€4,600
down €4,600 (-17.3%), from €26,567 to €21,967
- Financial income -€2,721
down €2,721 (-24.5%), from €11,113 to €8,391
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 | €538,569 | €559,397 | +€20,829 | +3.9% |
| Fixed assets | 21/28 | €127,805 | €145,534 | +€17,730 | +13.9% |
| Tangible fixed assets | 22/27 | €127,805 | €145,534 | +€17,730 | +13.9% |
| Land and buildings | 22 | €28,464 | €25,491 | -€2,973 | -10.4% |
| Plant, machinery and equipment | 23 | €13,099 | €11,335 | -€1,764 | -13.5% |
| Furniture and vehicles | 24 | €75,216 | €101,629 | +€26,413 | +35.1% |
| Leasing and similar rights | 25 | €11,025 | €7,080 | -€3,945 | -35.8% |
| Current assets | 29/58 | €410,764 | €413,863 | +€3,099 | +0.8% |
| Stocks and contracts in progress | 3 | - | €35,000 | +€35,000 | |
| Contracts in progress | 37 | - | €35,000 | +€35,000 | |
| Amounts receivable within one year | 40/41 | €237,166 | €204,935 | -€32,231 | -13.6% |
| Trade receivables | 40 | €63,924 | €57,523 | -€6,401 | -10.0% |
| Other amounts receivable | 41 | €173,242 | €147,411 | -€25,831 | -14.9% |
| Cash at bank and in hand | 54/58 | €173,598 | €173,928 | +€331 | +0.2% |
| Total equity and liabilities | 10/49 | €538,569 | €559,397 | +€20,829 | +3.9% |
| Equity | 10/15 | €473,016 | €455,924 | -€17,092 | -3.6% |
| Contributions | 10/11 | €14,640 | €14,640 | = | 0.0% |
| Reserves | 13 | €458,376 | €441,284 | -€17,092 | -3.7% |
| Distributable reserves | 133 | €458,376 | €441,284 | -€17,092 | -3.7% |
| Amounts payable | 17/49 | €65,552 | €103,473 | +€37,921 | +57.8% |
| Amounts payable after more than one year | 17 | €21,597 | €49,680 | +€28,083 | +130% |
| Financial debts | 170/4 | €21,597 | €49,680 | +€28,083 | +130% |
| Amounts payable within one year | 42/48 | €43,955 | €53,794 | +€9,838 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €15,235 | €20,516 | +€5,281 | +34.7% |
| Trade debts | 44 | €23,810 | €23,074 | -€736 | -3.1% |
| Suppliers | 440/4 | €23,810 | €23,074 | -€736 | -3.1% |
| Taxes, remuneration and social security | 45 | €4,910 | €10,204 | +€5,294 | +108% |
| Taxes | 450/3 | €4,910 | €10,204 | +€5,294 | +108% |
| Remuneration, social security and pensions | 62 | - | €27 | +€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,285 | €38,315 | +€10,030 | +35.5% |
| Other operating charges | 640/8 | €2,490 | €2,351 | -€139 | -5.6% |
| Gross operating margin | 9900 | €98,833 | €111,559 | +€12,725 | +12.9% |
| Operating profit (loss) | 9901 | €68,058 | €70,866 | +€2,807 | +4.1% |
| Financial income | 75/76B | €11,113 | €8,391 | -€2,721 | -24.5% |
| Recurring financial income | 75 | €11,113 | €8,391 | -€2,721 | -24.5% |
| Financial charges | 65/66B | €3,501 | €4,355 | +€854 | +24.4% |
| Recurring financial charges | 65 | €3,501 | €4,355 | +€854 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €75,670 | €74,902 | -€768 | -1.0% |
| Income taxes | 67/77 | €26,567 | €21,967 | -€4,600 | -17.3% |
| Profit (loss) for the period | 9904 | €49,104 | €52,935 | +€3,832 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,104 | €52,935 | +€3,832 | +7.8% |
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 27 October 2026 via checked.be.