CORBEAU DEVELOPMENT SERVICES: 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.
CORBEAU DEVELOPMENT SERVICES
Largest movements
- Stocks and contracts +€584,706
up €584,706, from €0 to €584,706
- Tangible fixed assets +€331,007
up €331,007 (+87.7%), from €377,567 to €708,574
of which Land and buildings: +€312,769
- Cash -€164,282
down €164,282 (-67.3%), from €244,005 to €79,723
mainly Stocks and contracts (-€584,706) and Investment in fixed assets (net) (-€434,438)
- Receivables within one year +€47,143
up €47,143 (+16.8%), from €280,363 to €327,506
of which Trade receivables: +€84,893
- Debts after one year +€835,871
up €835,871 (+492%), from €170,052 to €1.0m
- Other debts -€75,360
down €75,360 (-45.8%), from €164,625 to €89,265
- Reserves +€44,990
up €44,990 (+9.3%), from €482,501 to €527,492
- Gross operating margin +€138,506
up €138,506 (+188%), from €73,867 to €212,374
- Depreciation +€62,971
up €62,971 (+177%), from €35,565 to €98,536
- Staff costs -€49,212
down €49,212, from €48,680 to -€532
- Other operating charges +€21,483
up €21,483 (+203%), from €10,571 to €32,054
- Taxes +€18,435
up €18,435 (+4,647%), from €397 to €18,832
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 | €908,913 | €1,721,475 | +€812,562 | +89.4% |
| Fixed assets | 21/28 | €380,987 | €716,889 | +€335,902 | +88.2% |
| Intangible fixed assets | 21 | €0 | €4,895 | +€4,895 | |
| Tangible fixed assets | 22/27 | €377,567 | €708,574 | +€331,007 | +87.7% |
| Land and buildings | 22 | €310,617 | €623,386 | +€312,769 | +101% |
| Plant, machinery and equipment | 23 | €43,749 | €34,971 | -€8,777 | -20.1% |
| Furniture and vehicles | 24 | €23,201 | €35,223 | +€12,021 | +51.8% |
| Other tangible fixed assets | 26 | - | €14,994 | +€14,994 | |
| Financial fixed assets | 28 | €3,420 | €3,420 | = | 0.0% |
| Current assets | 29/58 | €527,926 | €1,004,586 | +€476,660 | +90.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | €584,706 | +€584,706 | |
| Stocks | 30/36 | €0 | €584,706 | +€584,706 | |
| Amounts receivable within one year | 40/41 | €280,363 | €327,506 | +€47,143 | +16.8% |
| Trade receivables | 40 | €110,903 | €195,796 | +€84,893 | +76.5% |
| Other amounts receivable | 41 | €169,460 | €131,710 | -€37,750 | -22.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €244,005 | €79,723 | -€164,282 | -67.3% |
| Deferred charges and accrued income | 490/1 | €3,558 | €12,652 | +€9,094 | +256% |
| Total equity and liabilities | 10/49 | €908,913 | €1,721,475 | +€812,562 | +89.4% |
| Equity | 10/15 | €486,289 | €531,279 | +€44,990 | +9.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €482,501 | €527,492 | +€44,990 | +9.3% |
| Distributable reserves | 133 | €482,501 | €527,492 | +€44,990 | +9.3% |
| Profit (loss) carried forward | 14 | -€14,763 | -€14,763 | = | 0.0% |
| Provisions and deferred taxes | 16 | €9,522 | €9,522 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,522 | €9,522 | = | 0.0% |
| Pensions and similar obligations | 160 | €9,522 | €9,522 | = | 0.0% |
| Amounts payable | 17/49 | €413,102 | €1,180,674 | +€767,572 | +186% |
| Amounts payable after more than one year | 17 | €170,052 | €1,005,923 | +€835,871 | +492% |
| Financial debts | 170/4 | €170,052 | €1,005,923 | +€835,871 | +492% |
| Amounts payable within one year | 42/48 | €241,630 | €161,065 | -€80,564 | -33.3% |
| Current portion of amounts payable after more than one year | 42 | €29,928 | €39,975 | +€10,047 | +33.6% |
| Trade debts | 44 | €24,780 | €21,914 | -€2,866 | -11.6% |
| Suppliers | 440/4 | €24,780 | €21,914 | -€2,866 | -11.6% |
| Taxes, remuneration and social security | 45 | €22,297 | €9,911 | -€12,385 | -55.5% |
| Taxes | 450/3 | €20,548 | €9,911 | -€10,637 | -51.8% |
| Remuneration and social security | 454/9 | €1,749 | €0 | -€1,749 | -100% |
| Other amounts payable | 47/48 | €164,625 | €89,265 | -€75,360 | -45.8% |
| Accrued charges and deferred income | 492/3 | €1,420 | €13,686 | +€12,266 | +864% |
| Non-recurring operating income | 76A | - | €167,565 | +€167,565 | |
| Remuneration, social security and pensions | 62 | €48,680 | -€532 | -€49,212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,565 | €98,536 | +€62,971 | +177% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,571 | €32,054 | +€21,483 | +203% |
| Non-recurring operating charges | 66A | €2,500 | €0 | -€2,500 | -100% |
| Gross operating margin | 9900 | €73,867 | €212,374 | +€138,506 | +188% |
| Operating profit (loss) | 9901 | -€23,449 | €82,315 | +€105,764 | |
| Financial income | 75/76B | €3,091 | €3,853 | +€762 | +24.7% |
| Recurring financial income | 75 | €3,091 | €3,853 | +€762 | +24.7% |
| Financial charges | 65/66B | €8,565 | €22,346 | +€13,781 | +161% |
| Recurring financial charges | 65 | €8,565 | €22,346 | +€13,781 | +161% |
| Profit (loss) for the period before taxes | 9903 | -€28,923 | €63,822 | +€92,745 | |
| Income taxes | 67/77 | €397 | €18,832 | +€18,435 | +4,647% |
| Profit (loss) for the period | 9904 | -€29,320 | €44,990 | +€74,310 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,320 | €44,990 | +€74,310 |
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 16 October 2026 via checked.be.