CORBEAU TERRA FORM II: what changed
What changed
CORBEAU TERRA FORM II
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
€197,713
2024 · -€14,121+€211,833
Equity
€245,092
2024 · €47,379+€197,713
Cash
€212,265
2024 · €208,014+€4,251
Balance sheet total
€639,221
2024 · €471,148+€168,073
Largest movements
Assets
- Receivables within one year +€400,171
up €400,171 (+10,510%), from €3,808 to €403,979
of which Trade receivables: +€317,255
- Stocks and contracts -€223,587
down €223,587 (-100%), from €223,587 to €0
- Deferred charges and accrued income -€8,256
down €8,256 (-75.1%), from €10,988 to €2,732
Equity and liabilities
- Debts after one year -€190,493
down €190,493 (-59.7%), from €319,289 to €128,796
- Reserves +€183,592
new in 2025: €183,592
of which Distributable reserves: +€174,412
- Tax, wage and social debts +€114,437
up €114,437 (+299%), from €38,233 to €152,670
- Advances received +€54,914
new in 2025: €54,914
- Profit (loss) carried forward +€14,121
up €14,121, from -€14,121 to €0
Income statement
- Gross operating margin +€326,495
up €326,495, from -€14,918 to €311,577
- Taxes +€60,926
new in 2025: €60,926
- Other operating charges +€50,320
up €50,320 (+20,967%), from €240 to €50,560
- Depreciation +€3,224
up €3,224 (+251%), from €1,283 to €4,507
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€14,121
Gross operating margin
+€326,495
Depreciation
-€3,224
Other operating charges
-€50,320
Financial income
-€1,084
Financial charges
+€892
Taxes
-€60,926
Result 2025
€197,713
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€194,744
Investment
€0
Financing
-€190,493
Cash 2024
€208,014
From operations (derived)
+€194,744
Net result for the year
+€197,713
Depreciation
+€4,507
Stocks and contracts
+€223,587
Receivables within one year
-€400,171
Deferred charges and accrued income
+€8,256
Trade debts
+€1,171
Tax, wage and social debts
+€114,437
Advances received
+€54,914
Accrued charges and deferred income
-€9,669
Financing
-€190,493
Debts after one year
-€190,493
Cash 2025
€212,265
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,148 | €639,221 | +€168,073 | +35.7% |
| Fixed assets | 21/28 | €24,751 | €20,244 | -€4,507 | -18.2% |
| Intangible fixed assets | 21 | €21,251 | €16,744 | -€4,507 | -21.2% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €446,396 | €618,976 | +€172,580 | +38.7% |
| Stocks and contracts in progress | 3 | €223,587 | €0 | -€223,587 | -100% |
| Contracts in progress | 37 | €223,587 | €0 | -€223,587 | -100% |
| Amounts receivable within one year | 40/41 | €3,808 | €403,979 | +€400,171 | +10,510% |
| Trade receivables | 40 | - | €317,255 | +€317,255 | |
| Other amounts receivable | 41 | €3,808 | €86,724 | +€82,916 | +2,178% |
| Cash at bank and in hand | 54/58 | €208,014 | €212,265 | +€4,251 | +2.0% |
| Deferred charges and accrued income | 490/1 | €10,988 | €2,732 | -€8,256 | -75.1% |
| Total equity and liabilities | 10/49 | €471,148 | €639,221 | +€168,073 | +35.7% |
| Equity | 10/15 | €47,379 | €245,092 | +€197,713 | +417% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €183,592 | +€183,592 | |
| Non-distributable reserves | 130/1 | - | €9,180 | +€9,180 | |
| Legal reserve | 130 | - | €9,180 | +€9,180 | |
| Distributable reserves | 133 | - | €174,412 | +€174,412 | |
| Profit (loss) carried forward | 14 | -€14,121 | €0 | +€14,121 | |
| Amounts payable | 17/49 | €423,768 | €394,129 | -€29,640 | -7.0% |
| Amounts payable after more than one year | 17 | €319,289 | €128,796 | -€190,493 | -59.7% |
| Other amounts payable | 178/9 | €319,289 | €128,796 | -€190,493 | -59.7% |
| Amounts payable within one year | 42/48 | €93,056 | €263,578 | +€170,522 | +183% |
| Trade debts | 44 | €54,823 | €55,994 | +€1,171 | +2.1% |
| Suppliers | 440/4 | €54,823 | €55,994 | +€1,171 | +2.1% |
| Advances received on contracts in progress | 46 | - | €54,914 | +€54,914 | |
| Taxes, remuneration and social security | 45 | €38,233 | €152,670 | +€114,437 | +299% |
| Taxes | 450/3 | €38,233 | €152,670 | +€114,437 | +299% |
| Accrued charges and deferred income | 492/3 | €11,424 | €1,755 | -€9,669 | -84.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,283 | €4,507 | +€3,224 | +251% |
| Other operating charges | 640/8 | €240 | €50,560 | +€50,320 | +20,967% |
| Gross operating margin | 9900 | -€14,918 | €311,577 | +€326,495 | |
| Operating profit (loss) | 9901 | -€16,441 | €256,510 | +€272,952 | |
| Financial income | 75/76B | €3,399 | €2,314 | -€1,084 | -31.9% |
| Recurring financial income | 75 | €3,399 | €2,314 | -€1,084 | -31.9% |
| Financial charges | 65/66B | €1,078 | €187 | -€892 | -82.7% |
| Recurring financial charges | 65 | €1,078 | €187 | -€892 | -82.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,121 | €258,638 | +€272,759 | |
| Income taxes | 67/77 | - | €60,926 | +€60,926 | |
| Profit (loss) for the period | 9904 | -€14,121 | €197,713 | +€211,833 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,121 | €197,713 | +€211,833 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.